According to the OECD, Israeli tax revenues amounted to 29.8% of GDP in 2023, which was better than the OECD average of 33.9%. The October 7 war has affected the Israeli economy due to IDF reserve duty, frontline evacuations and higher…
Category: 6. Business
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Wix provides cautious 2025 guidance after strong 2024
Israeli website building platform company Wix.com Ltd. (Nasdaq: WIX) has reported positive results for the fourth quarter and full-year 2024, with GAAP operating profit for the first time and higher non-GAAP net profit than the…
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Israeli industrial AI co Augury raises $75m
Israeli AI machine health and process health solutions company Augury has announced the completion of a $75 million financing round led by Lightrock with participation from existing investors Insight Partners, Eclipse, and Qumra…
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Helmsley trust grants $5.45M to Holon Institute
The Leona M. and Harry B. Helmsley Charitable Trust has awarded a $5.45 million grant to the Holon Institute of Technology (HIT) in Israel to help construct a state-of-the-art Medical Technology Building. This facility will educate the next…
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Meta says it plans to construct longest undersea internet cable
Facebook’s parent company Meta said it’s working on the world’s longest undersea cable as part of the social media giant’s efforts to connect more people to high-speed internet.
Called Project Waterworth, the massive cable spanning more than…
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Air Haifa airline to expand flight routes to Paphos
New Israeli airline Air Haifa will launch a new route between Haifa and Paphos in Cyprus on April 3, 2025, with six weekly flights.
The airline’s website says that fares will begin with a return of $198, including hand luggage to go under…
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How to choose the right mobile plan for business trips
With airlines resuming full operations, the question of how much data is needed abroad has become relevant again. New data highlights a gap between actual usage patterns and the mobile packages currently available on the market.
As…
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Regulator indicts Victory, Yochananof CEOs over price fixing
The Israel Competition Authority today issued first indictments, following the food price fixing investigation, against Victory Supermarket Chain (TASE: VCTR) owner and CEO Eyal Ravid and Yochananof and Sons (TASE: YHNF) owner and…
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$50m. funding round by Israel’s Blockaid includes Google Ventures
Google Ventures, the venture capital investment arm of Alphabet, was one of several VCs to take part in the series B investment round of Israel’s Blockaid, which completed the funding round with $50 million.
Blockaid, an on-chain security…
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Greenfield Partners secures $400m in capital commitments
Greenfield Partners, a global early growth investor, has secured $400 million in capital commitments, the company announced on Tuesday.
Leading institutional investors from the US, Europe, and Asia-Pacific have brought Greenfield’s total…
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