Category: Business

Finance Minister Bezalel Smotrich signed an order Friday to reduce the excise tax and sales tax imposed on gasoline in order to prevent the price to consumers from rising at the beginning of August, the Finance Ministry said. The price of gas will remain at NIS 6.85 per liter. The ministry has been continuously applying […]

The country’s “controversy over judicial reforms will continue to harm the Israeli economy,” according to a report published by S&P’s 500 stock market index Thursday. “The controversial reform has led to sizable public protests, and, in our view, if government and opposition do not achieve an agreement on the topic, this could further exacerbate domestic […]

The Israel Wikipedia association celebrated the 20th anniversary of the Hebrew language Wikipedia site recently at a special event with a community of 150 writers who write entries.  Representatives from the World Wikimedia Foundation attended the event at SOK Tel Aviv, along with the chair of Wikimedia Israel Itzik Adri and CEO Michal Wander Schwartz. […]

Mattel is banking on the box office success of the Barbie movie to help drive doll sales in the second half of the year, CEO Ynon Kreiz said on Wednesday, as the toymaker recorded a strong performance in July following the buzz around the film. The California-based company also posted a surprise profit in the […]

On Wednesday Check Point CEO and co-founder Gil Shwed made an uncharacteristic statement regarding Israel’s current political climate. “For years we fought for the registration of our activity in Israel and we have been here for 30 years, but I don’t know if this is what would have happened today,” he said. “Neither on the […]

The business sector is warning that a wave of insolvency is expected in 2024 due to several factors affecting the Israeli economy. The president of the accountants association warned that construction contractors are facing liquidity problems, and the chair of Mercantile Bank stated that they’re preparing ways to assist clients. These fears were expressed on […]

Sygnia, a prominent Israeli cybersecurity company, has recently released updated details on the activities of the Casbaneiro attack group, which has been wreaking havoc on organizations globally, with a specific focus on targeting the financial sector in Latin America since 2018. Sygnia’s investigations reveal that the threat actors behind the Casbaneiro campaign have continued their […]

Contract chipmaker Tower Semiconductor topped second-quarter revenue estimates on Wednesday on the back of solid demand from the automotive industry, sending its US-listed shares up 12.7%. The company – which caters to “fabless” firms that design chips but outsource manufacturing – is set to be bought by Intel under a $5.4 billion deal that was […]

It seems that every year, artificial intelligence and robots are taking over more occupations – from hotel personnel; assembly-line and factory workers; bus, truck and taxi drivers; and phone operators to telemarketers; receptionists; cashiers; pharmacists; pilots; proofreaders; barmen; and journalists.  Will the day come when rabbis – and other clergymen – are replaced by robots? […]

A UN-backed operation to prevent a catastrophic oil spill off the coast of Yemen began pumping oil from a decaying ship this week. According to the United Nations Resident and Humanitarian Coordinator in Yemen, David Gressly, the movement of oil off the FSO Safer has started. The Safer is anchored off Yemen and for the […]