Category: Business

After long delays, the Tel Aviv light rail is expected to begin public operations later in July, after receiving safety permits it was lacking, Israeli media reported on Sunday. The opening of the light rail has been delayed repeatedly in recent months, due to safety issues with the braking and signaling system of the train. […]

When Phyllis and her husband embarked on their new life in Israel five years ago, they did so buoyed by the hope that the country’s tax benefits would prove an economic boon. They were advised that once they moved to Jerusalem they would no longer need to pay State Tax in California, and that like […]

Israeli Finance Minister Bezalel Smotrich said on Monday he was opposed to legislation that would require banks to pay interest on checking accounts, despite calling the conduct of the top banks “scandalous” in their treatment of customers. Speaking at a session of parliament’s finance committee, Smotrich rebuked the banks for raking in huge profits from […]

Finance Minister Bezalel Smotrich has signed orders reducing the excise and purchase taxes which are a significant component of gas prices. The orders state that during July 2023, purchase and excise taxes per thousand liters of gas will total NIS 2988.33.  The price of NIS 2988.33 will lead to a reduction of 41.5 agorot per […]

The first-ever flying car has been approved last week by the Federal Aviation Administration (FAA) for flight tests, according to multiple media reports. The vehicle, which is also 100% electric, is by Alef Aeronautics, a company in the automobile and aviation industry based in California whose goal is to develop and promote a flying car. […]

You don’t have to be a tech professional to have heard about the buzz around the generative AI chatbots that have completely changed the paradigm surrounding artificial intelligence development. Whereas AI applications once worked behind the scenes to automate production and administrative office tasks, we’re now talking about chatbots with which every consumer can interact […]

It was Thursday morning and preparations were underway in the neighborhood market for the usual rush of pre-Shabbat shoppers. At the same time, Jerusalem’s Arab residents were revving up to celebrate the end of the four-day major Muslim holiday, Eid al-Adha. In the meat department, the mood was difficult among the two Muslim employees from […]

Israel’s tech industry has gained international recognition for its innovative start-ups, cutting-edge technology, and entrepreneurial spirit. But beneath the glossy surface are concerned employees who wonder when they’re going to age out of the competitive, youthful landscape.  The average age of an employee in the Israeli hi-tech industry is about 40 (and climbing as the […]

Robots presented at an AI forum said on Friday they expected to increase in number and help solve global problems, and would not steal humans’ jobs or rebel against us. But, in the world’s first human-robot press conference, they gave mixed responses on whether they should submit to stricter regulation. The nine humanoid robots gathered […]

Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading consumer electronics retailer M.Video-Eldorado said, up from about 55% last year. Smartphones from Chinese retailers like Xiaomi and Realme have become top sellers in Russia after Samsung and Apple curbed sales in the country over the war […]