“Out of the eleven apartments sold in presale for the Gat Rimon project on Tel Aviv’s Park Mesila (between Neve Tzedek and Levinsky market), ten of the buyers are foreign residents. There are Australians, English and French. Some bought to…
Category: 6. Business
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Despite multi-front war, Israel’s tech industry flourished in 2024
Israeli privately-held tech companies raised $12.2 billion in 2024, up 31% from 2023, Start-Up Nation Central (SNC) reported today. Of this figure, $10.6 billion was officially reported by the companies that raised the money, while an…
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Biden delivers blow to Israel’s tech industry citing Russia, China
Outgoing US President Joe Biden landed a severe blow on Israel when he included it in a new presidential order limiting the distribution of advanced graphics processors around the world, with the aim of preventing these processors getting…
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Jared Kushner set to become biggest shareholder in Phoenix
The Capital Market, Insurance and Savings Authority is set to approve the sale of shares in Phoenix Financial Ltd. (TASE: PHOE) to the Affinity Fund of Jared Kushner’s, son-in-law of US President-elect Donald Trump. The approval is…
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Opposition MKs boycott c’ttee discussions on Levin-Sa’ar plan
The Knesset Constitution, Law and Justice Committee this morning approved the reopening of discussions on the plan to change the composition of the Judicial Selection Committee. Opposition MKs boycotted the meeting.
MK Simcha…
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Intel to spin off venture capital arm
Intel Corporation is parting from another asset in the shake-up that the company has been undergoing over the past year, as its management seeks to focus on its core business. The chip company is spinning off its venture capital arm…
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Nvidia investing over $500m in new Israeli data center
Nvidia is constructing one of the largest server farms in Israel, close to the Elyakim Interchange near Yokne’am in the north of the country. The server farm will for the first time deploy Nvidia’s new Blackwell processors….
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NVIDIA to build new data center facility in Israel
Technology giant NVIDIA announced on Wednesday that it will expand its research and development operation in Israel and build a new research and engineering data center facility.
The facility will include 10,000 square meters of AI data…
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Intel to spin off its venture capital arm
Chipmaker Intel Corp INTC.O said on Tuesday that it will separate its venture capital and investment arm, Intel Capital, into a standalone company, to focus on enhancing efficiency across the business.
Intel, which will remain an anchor…
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Sovereign wealth fund collection halved in 2024
Two and a half years after Israel’s Sovereign Wealth Fund, known as the Citizens’ Fund, began operations, the fund has accrued NIS 7.5 billion. The Israel Tax Authority reports that as of the end of 2024 total levies collected on…
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