Category: Business

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 […]

A new desalination plant is ready to start operating, Israel National Water Company Mekorot announced on Tuesday. Mekorot marked the completion of all the necessary work to connect the new facility in Sorek to the country’s water system in a ceremony earlier in the day. The new plant, the sixth in Israel, will increase the […]

Ben and Tom Bublil finished among the top ten in an international design competition for the new Airbus cargo plane. “We managed to stay original and do something that has never been done before. We are very proud”, said the brothers 26-year-old Ben Bublil and his brother 22-year-old Tom finished among the top ten out […]