Category: 6. Business
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Israel ranked as world’s top supplier of suicide drones
Israel has been the world’s biggest supplier of loitering munitions (suicide drones) over the past 28 years according to research by the Center for New American Security (CNAS). The report surveys trends between 1995 and 2023 and… Continue Reading
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Worse than we thought: Q2 GDP revised downwards
Israel’s per capita GDP fell by an annualized 0.9% in the second quarter of 2024, the Central Bureau of Statistics reports. This represents a sharp revision of the Central Bureau of Statistics’ initial estimate of a 0.4%… Continue Reading
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FDA approval boosts weight loss pill co Epitomee
Epitomee Medical (TASE: EPIT), chaired by serial biomed entrepreneur Shimon Eckhouse, has announced the receipt of US Federal Drug Administration (FDA) approval for the sale of its weight management pill in the US. The pill expands… Continue Reading
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Explaining Israel’s housing market paradox
The least relevant item in the Central Bureau of Statistics’ figures for home prices is the annual rise between July-August 2023 and July-August 2024, the latest period for which information is available. In that year, home prices… Continue Reading
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Gold Market Update: Bullion Soars as Gold Miners Begin Their Rally
There is no gold bull market without participation of gold miners. Admittedly, gold miners have been lagging, tremendously in fact. But that’s changing ‘as we speak’ because gold miners are now staging epic secular breakouts. In this… Continue Reading
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August CPI reading far above expectations
Israel’s Consumer Price Index (CPI) rose 0.9% in August, far above analysts’ expectations of 0.5%-0.6%. In the twelve months to the end of August 2024, the rate of inflation has risen to 3.6% from 3.2% at the end of July,… Continue Reading
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Israel’s gas royalties up 12.5% in H1 2024
The National Resources Administration in the Ministry of Energy and Infrastructure published its revenue report today for the first half of 2024. Revenue from natural gas, minerals, and aggregates royalties in the first half of 2024… Continue Reading
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IDF using Axon Vision’s AI to combat drones
Israel’s Ministry of Defense has bought dozens of EdgeUAV systems from Israeli company Axon Vision, which use AI to detect nearby air threats, sources familiar with the matter have told “Globes.” The systems accomplish this by… Continue Reading
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A major step towards shortening Israel’s housing construction process
Rafi Elmaliach, Director-General of the Planning Administration, revealed for the first time last night at the Tel Aviv and Central District Contractors and Builders Conference, during a conversation with Hila Tzion, real estate editor of… Continue Reading
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Intel Israel employees to lose phone allowances
The cuts at Intel continue and today Intel Israel employees have been told that after decades in which their mobile phone bills have been subsidized, the allowance will be halted for development employees, who will now need to pay… Continue Reading
