Category: Business

I must start out by apologizing if this column is a bit disjointed. It’s incredibly hard to concentrate as I write this. The noise outside my office in the buildup to Jerusalem Day is deafening. My office is located just off Zion Square, and there are radio stations broadcasting live and blaring their music along […]

On May 26, 2013, a decade ago next week, Israeli electric car start-up Better Place went to a better place, figuratively if not literally. That is to say, the once-promising company, which had raised nearly a billion dollars in venture capital and institutional funding, ran out of money and was forced to file for bankruptcy. […]

Israeli communications firm Partner and Innova have signed a long-term deal to help Partner switch most of its employees’ cars from gas to electric. Innova will work with Partner, the first communications company in Israel to implement this switch, to install electric charging stations at the company’s headquarters and in employees’ homes. Innova will provide […]

China’s cyberspace regulator said on Sunday that products made by US memory chip manufacturer Micron Technology had failed its network security review and that it would bar operators of key infrastructure from procuring from the firm. According to China’s broad definition of critical information infrastructure, this could include sectors ranging from transport to finance. “The […]

In a display of international support and collaboration, a group of Israeli investors hailing from the real estate sector are spearheading the construction of an advanced sports and leisure complex in the city of Bucha, Ukraine. With an estimated investment of approximately $1.2 million, this ambitious project aims to revitalize the region and provide much-needed […]

Billionaire Patrick Drahi has increased his stake in BT to 24.5% but reiterated that he does not plan a full takeover for Britain’s biggest telecoms group. The Franco-Israeli entrepreneur has since 2021 been adding to a position in Britain’s 175-year-old former monopoly BT, betting that its $20 billion investment in a new national fibre network […]

Israel is set to host dozens of science ministers from around the world this year to celebrate 75 years of Israeli innovation, Science and Innovation Minister Ofir Akunis said on Sunday. Akunis welcomed 23 ministers to Jerusalem in his previous term in the role five years ago for a science policy conference and to mark […]

Economy Minister Nir Barkat has taken the unprecedented step of demanding 15 giant food companies disclose their financial statements within 21 days, including itemized production costs and profit figures on Sunday. Dr. Jonathan Bezalel, head supervisor of prices at the Economy Ministry sent letters demanding that the largest manufacturers and importers, in which he demands […]

Bazan Group, the largest refining and petrochemical complex in Israel, announced on Sunday the publication of its financial results for the first quarter of 2023. Moshe Kaplinsky, Chairman of the Bazan Group: “The record results of the Bazan Group in the first quarter of the year amounted to a neutralized EBITDA of $287 million in […]

Ofer Ramat Aviv Mall, part of the Ofer Malls Group owned by Melisron, has recently completed the first phase of its renovation process to upgrade the mall’s visibility, with a total investment of approximately NIS 40 million.  Among the works performed were the replacement of flooring, ceiling, railings and other systems. Also, changes were made […]