Foreign residents snapped up apartments in Israel last month, contributing to the record amount of mortgages taken in December 2024. Since the outbreak of the war, there has been a noticeable increase in apartments purchased by…
Category: 6. Business
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Trump: Microsoft in talks to acquire TikTok
US President Donald Trump told reporters on Monday that Microsoft is in talks to acquire TikTok and that he would like to see a bidding war over the app.
Microsoft declined to comment. TikTok and ByteDance did not immediately respond to…
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Investors got it wrong: Israel’s economy soared despite October 7
Investors who lost money by betting against the Israeli economy since the October 7, 2023, Hamas terrorist attacks would be right to ask why the so-called experts whose recommendations they followed got it wrong and how to avoid making the…
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Wiz’s new CFO preps for IPO as cybersecurity unicorn eyes rapid growth
On his first visit to Israel, Fazal Merchant, the new CFO and president of cybersecurity unicorn Wiz, was treated to a welcome that only the Middle East can offer: wailing sirens awoke him at 3 am.
“I followed the hotel’s instructions. I had…
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Major shareholders sell shares big time
When controlling shareholders or parties at interest in listed companies buy shares in those companies, usually after a period of decline in their prices, it’s generally said that this is a signal to investors that they consider…
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Italy to collaborate with SpaceIL on Beresheet 2 moonshot
Israel Space Agency director general Brig. Gen. Uri Oron and Italian Space Agency president Prof. Teodoro Velente today signed a memorandum of understanding for collaboration on Space IL’s Beresheet 2 mission. The joint budget for…
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Foreign airlines flocking back to Israel following ceasefire
In just three weeks, 14 leading airlines have announced the resumption of their Israel operations with the addition of hundreds of weekly flights at Ben Gurion airport. The announcements of renewal of services began with low-cost…
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Israel’s Defense Ministry awards Elbit $80m F-16 protection deal
Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) has been awarded a contract worth $80 million by Israel’s Ministry of Defense for the development and initial installation of an advanced airborne…
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Shekel sharply weakens as markets tumble
After reaching its strongest for two years against the US dollar last week, the shekel is weakening sharply today against both the dollar and the euro. In early afternoon inter-bank trading the shekel-US dollar exchange rate is up…
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Levin refuses cooperation with Supreme Court president
After a five-and-a-half hour session, the Judicial Selection Committee chose Yitzhak Amit, who was acting president of the Supreme Court, as the court’s permanent president. Minister of Justice Yariv Levin, who chairs the…
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