Despite everything that Israel has been through in the past 14 months, the tech ecosystem’s resilience never ceases to amaze. Despite an absurd nightly routine of Houthi missile attacks, the latest blockchain ecosystem events draw…
Category: 6. Business
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Little-known hedge fund makes NIS 700m gain on TASE shares
Buying shares in the Tel Aviv Stock Exchange (TASE: TASE) has proved to be a very successful investment in the past few years, much more than in its own main indices, or in any other stock exchange. The share price of the Tel Aviv…
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Tech cos cut down on employee options – study
The upward trend in salaries in Israel’s tech industry has been continuing, even since the start of the war, despite a slowdown in recent months, but when it comes to granting options to employees, the picture is completely…
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Isrotel to open five new hotels in 2025
Israeli hotel chain Isrotel (TASE: ISRO) plans a major expansion during 2025 by opening five new hotels at an investment of NIS 1 billion. Following the addition of the new hotels the chain will have 28 hotels around the country. In…
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BoI keeps rate unchanged, raises growth forecast
The Bank of Israel Monetary Committee has announced that it has kept the interest rate unchanged at 4.5%, as expected. This is the eighth successive time that the Bank of Israel has left the interest rate unchanged, after cutting it…
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Biden gov’t plans $8b military aid package for Israel
The administration of US President Joe Biden has informed Congress that it intends to approve a package of military aid for Israel amounting to $8 billion, Reuters reported yesterday. An aid package of this size requires approval by…
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Abolish benefits for injuries on way to work, c’ttee says
In what will be a dramatic change, an inter-ministerial committee headed by Ministry of Labor director general Israel Uzan and National Insurance Institute deputy director for disabilities and rehabilitation Yarona Shalom has…
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Tel Aviv penthouse sold for NIS 20m
A penthouse under construction as part of a historical building at 6 Kaplan Street in Tel Aviv has been sold for NIS 20 million in bare shell form. The 200 square meter, eighth floor apartment in Beit Hasofer will have a 49 square…
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Intel to spin off RealSense as Israel-based startup
In August 2021, even before its major rounds of layoffs, Intel announced that it was closing its RealSense 3D depth camera division based on its acquisition of several Israeli startups, and in which most of its employees were in…
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Ryanair to resume Israel flights if Terminal 1 reopens
Ryanair senior executive Eddie Wilson has announced that the low-cost Irish carrier plans returning to full operations in Israel in the summer and that the summer schedule has already been prepared. Ryanair has not been flying to…
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