Category: 6. Business
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SparkIL Hannukah challenge seeks to boost support for Israeli businesses
SparkIL, a platform enabling peer-to-peer lending, is set to hold a Hanukkah “Sparkathon” competition geared at bolstering support for small Israeli businesses impacted by the Israel-Hamas War, the organization said on Wednesday. The… Continue Reading
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IAI net income spikes by 74% to $416m.
Israel Aerospace Industries (IAI) reported a record-breaking financial performance, with net income soaring 74% to $416 million and its order backlog hitting an all-time high of $25 billion in 2024’s first nine months. “It is with great… Continue Reading
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Wix soars on strong Q3 results, raises guidance
Israeli website building platform company Wix.com Ltd. (Nasdaq: WIX) has reported $445 million revenue in the third quarter of 2024, up 12.9% from the corresponding quarter of 2023, and non-GAAP net profit of $89.3 million ($1.50… Continue Reading
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India’s gold market shows strength through festive season
International and Indian domestic gold prices have fallen by 8% since the end of October, but the precious metal remains one of the country’s best-performing assets to date, according to a recent report by the World Gold Council. Kavita… Continue Reading
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Gold/Silver: What Precious Metals Bulls Do Not Want to See!
In a recent commentary, renowned precious metals analyst Phil Streible sounded a note of caution for silver bulls from the channel, Blue Line Features LLC. The market’s inability to decisively break above a key resistance level could signal… Continue Reading
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ZIM reports $1.13 billion net profit in Q3 , due to record cargo volume
ZIM Integrated Shipping Services Ltd., one of the world’s leading container shipping companies, announced on Wednesday a net profit of $1.13 billion for the third quarter of 2024. The company achieved a 12% increase in revenue compared to… Continue Reading
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NewMed Energy sees record $147m. quarter
NewMed Energy reported record results in the third quarter of 2024, with net profit jumping 25% to $147 million as production from its Leviathan gas field reached an all-time high of 3.1 billion cubic meters (BCM). The increase in net profit… Continue Reading
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Bill proposes abolition of public broadcasting in Israel
Minister of Communications Shlomo Karhi and MK Tally Gotliv (both Likud) plan to raise a bill at Sunday’s meeting of the ministerial legislation committee to privatize the Israel Public Broadcasting Corporation, which broadcasts… Continue Reading
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Israeli data security co Cyera raises $300m at $3b valuation
Israeli cybersecurity company Cyera has announced the completion of a $300 million Series D financing round at a company valuation of $3 billion. The round was led by Accel and Sapphire Ventures, with additional participation from… Continue Reading
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Israeli tech joins NASA’s hypersonic spacecraft for future breakthroughs
Every few years, the US space agency NASA launches a new hypersonic space vehicle that challenges the laws of physics with an even more state-of-the-art jet engine, more fuel savings, and lighter materials. For example, the X-43A hypersonic… Continue Reading
