Category: 6. Business
-
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
-
Office space in Rishons Eleph project rezoned for housing
The National Subcommittee for Rezoning Offices to Housing has halved the space allocated to offices in the southeast section of Rishon Lezion’s Eleph complex and instead allocated it for the construction of 113 small apartments…. Continue Reading
-
SaverOne loses over 99% of flotation value
Petah Tikva-based technology company SaverOne (TASE: SVRE; Nasdaq: SVRE) was considered promising when it was floated on the Tel Aviv Stock Exchange in the summer of 2020, with a pre-money valuation of NIS 87 million. The company,… Continue Reading
-
CEO of Bank of Jerusalem: “Mortgage terms should be extended to 35 years
“I have no doubt that once the war ends, we will enter a period of recovery and rebuilding, especially in northern Israel and near the Gaza border. The real estate and infrastructure markets will play key roles in enabling urban renewal and… Continue Reading
-
El Al’s profit climbs to new heights
El Al Israel Airlines (TASE: ELAL) has again broken its own records, posting a net profit for the third quarter of $187 million, 3.6 times the $52 million profit in the corresponding quarter of 2023. The result is highly impressive,… Continue Reading
-
Gold Outlook: Three Fundamental Drags & Positive Assessments
One of the most momentous elections in recent U.S. history is over, and analysts are sharing opinions about how gold may do in the aftermath. For more than 5,000 years, gold has shown a legendary resilience and has come to be seen as a… Continue Reading
-
Haifa drivers deterred by high Carmel Tunnels tolls
Since the Carmel Tunnels opened to traffic in December 2010, hundreds of millions of shekels have been transferred to the concessionaire to subsidize discounts in tolls granted to vehicles. Yet despite these discounts, tolls have… Continue Reading
-
Israeli co Canada Global buys Miami real estate for $116m
Israeli income producing real estate company Canada Global (TASE: CNGL), controlled by Israel Canada (TASE: ISCN) controlling shareholders Asaf Touchmair and Barak Rosen (60%) notified the Tel Aviv Stock Exchange (TASE) this morning… Continue Reading
-
Nickel Price Prediction for 2025
The nickel market, heavily dependent on demand for stainless steel as well as lithium-ion batters in electric vehicles, is challenging to forecast. If anything, the EV sector has proven to be quite volatile as evidenced by stock prices of… Continue Reading
-
Histadrut and Treasury reach agreement on public sector pay
Israel’s Ministry of Finance and Histadrut trade union movement have reached a final agreement on a package of economic measures that will be part of the 2025 state budget. The most important part of the agreement concerns public… Continue Reading
