Category: 6. Business
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Eli Azur wins battle for Tamar Petroleum board after NeoGames exit
Israeli businessman Eli Azur was busy last week succeeding in the vote on the composition of the board of directors of Tamar Petroleum (TASE: TMRP). On Wall Street, Azur and his partners completed the sale of online gambling company… Continue Reading
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Will Israel ever provide employees with right to disconnect?
Canada plans to anchor in the 2024 Budget Law the “Right to Disconnect” – the right to reject contact from the boss after work hours. The significance is that employees will have the right not to carry out job related tasks, outside… Continue Reading
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OECD cuts Israel’s growth forecast
The OECD says that Israel’s economy will grow by 1.9% in 2024 and 4.6% in 2025 in its latest report on the global economy. Prior to the war the OECD had predicted 3.3% economic growth this year in Israel. The latest OECD prediction… Continue Reading
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Palm Beach County the largest holder of Israel bonds
Joseph Abruzzo can’t seem to get enough Israel bonds. The government official representing Palm Beach County, Florida, has invested $700 million of local taxpayer money in bonds that are helping the Israeli government finance its war… Continue Reading
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8,000 Palestinians furtively employed in Israeli construction
A senior source in Israel’s construction industry insists that about 8,000 Palestinian workers from Judea and Samaria have recently, “furtively,” as he puts it, received permission to enter Israel and are already working on the… Continue Reading
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Competition Authority summons Victory CEO to hearing
Eyal Ravid, owner and CEO of the supermarket chain, allegedly made public statements about price rises in violation of the Competition Law. The Israel Competition Authority has… Continue Reading
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Deal or no deal with Hamas – the economic fallout
The continuing conflict between Israel and Hamas in the Gaza Strip and the complicated situation on Israel’s northern border mean that the Israeli economy faces considerable uncertainty, which finds expression in several metrics…. Continue Reading
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Israeli startups raised over $1b in April
In the first four months of 2024, Israeli startups have raised $2.6 billion. Despite the war and the Passover holidays, Israeli startups raised over $1 billion in April 2024, according… Continue Reading
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Israel replaces Patriot with David’s Sling
Israel’s multi-layered air defense system proved itself last month during Iran’s unprecedented attack, in which the country was targeted by 110 ballistic missiles, 185 drones and 36 cruise missiles. In the wake of the successful… Continue Reading
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Tnuva to put up prices of dozens of products
After rival dairy Tara has hiked prices and the 4.48% rise in price controlled dairy products goes into effect today, Tnuva announced that its price controlled dairy products will rise in price tomorrow. In addition, Tnuva said it… Continue Reading
