Category: 6. Business
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Mortgage taking remained high in August
Israel’s mortgages market remained strong last month as homebuyers took mortgages totaling NIS 8.4 billion in August, the Bank of Israel reports. Mortgage taking last month was 7% down on July when more than NIS 9 billion in… Continue Reading
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Rami Levy appoints daughter Yafit as co-CEO
Rami Levy founder and CEO of discount supermarket chain Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. (TASE: RMLI) has appointed his daughter Yafit Attias as co-CEO. The company’s board of directors has approved the… Continue Reading
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Gold Skyrocketed 24x the Last Time Inflation Was This High: Alex Krainer
In a recent interview on the YouTube channel Commodity Culture, renowned market analyst Alex Craner shared his expertise on trend following, a popular investment strategy that involves buying assets when their prices rise and selling them… Continue Reading
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AngloGold purchases Egypt’s largest gold mine
The owner of Egypt’s largest gold mine, Centamin, has been purchased by AngloGold Ashanti in a $2.5 billion deal, the companies announced Tuesday. As gold nears its all-time highs and continues to hold just over $2,500 an ounce, AngloGold… Continue Reading
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HSBC skittish on silver, eyes platinum
Analysts from British global bank HSBC said on a note Monday silver prices are unlikely to move higher without upward momentum from gold. Instead, investors should look to platinum as having the most potential for returns. The analysis shows… Continue Reading
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Photonic quantum computer co Quantum Source raises $50m
Israeli startup Quantum Source, which is developing technologies for practical photonic quantum computers announced today that it has raised $50 million in a series A financing round. The round was led by Eclipse with participation… Continue Reading
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Airstrikes in Syria hit weapons development facilities
At least fourteen people are reported killed and 43 wounded in the airstrike attributed to Israel on Syria on Sunday night. The attack hit various targets in the Hama, Homs, Damascus, and Tartus governates, but the focus was on CERS… Continue Reading
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Israeli VC funds undergoing major slowdown
Israeli venture capital funds endured a major slowdown in the first half of 2024, according to the IVC – Gornitzky – KPMG Investors Report, which was published today. The report indicates a dramatic fall in the funds raised and… Continue Reading
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Police agent exposes massive smuggling at Ashdod Port
This morning, reporting was permitted of the longest ever operation of a covert agent by the Israel Police, in cooperation with the Israel Tax Authority. The operation has now ended, after the agent, who was given the code name Jack… Continue Reading
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SpaceX crew prepares first private spacewalk on Polaris Dawn mission
A crew of four private astronauts on Tuesday were in the final stages of preparation for a risky SpaceX mission to attempt the first-ever private spacewalk using the company’s new spacesuits and a redesigned spacecraft. A billionaire… Continue Reading
