During the war, Israel’s Ministry of Defense contacted domestic defense companies, large and small, asking them to divert supplies to other countries for the benefit of the war effort. Two senior defense executives told “Globes”…
Category: 6. Business
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monday.com soars on strong Q4 results
Israeli work operating systems company monday.com (Nasdaq: MNDY) share price is up 30% on Wall Street after beating the analysts’ consensus in its fourth quarter 2024 results and setting out its AI vision and strategy. The company,…
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Meta lays off 40 in Israel
Meta (Facebook) is simultaneously laying of 5% of its employees at all the company’s centers worldwide including in Israel. Some 40 employees in Israel have been summoned to a hearing ahead of being dismissed representing slightly…
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Investing in employee well-being pays off for businesses
For too long, companies have treated employee well-being as a secondary concern — perhaps an ethical nicety rather than a business imperative. But as economic trends and real-world data increasingly show, taking care of employees isn’t…
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Elbit awarded $100m European digital firing deal
Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) has been awarded contracts worth about $100 million by a European country to provide a Joint National Digital Fire Command Center (JNDFC) and to…
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Israel’s fiscal deficit narrows after record state revenues
Israel’s fiscal deficit has fallen sharply from 6.9% of GDP in the twelve months to the end of December 2024 to 5.8%, or NIS 115 billion, in the twelve months to the end of January 2025, Ministry of Finance accountant general Yali…
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Investors raising $800m for Israeli research institute Nevo Labs
US investor Sender Cohen, who has managed the investments of billionaires like George Soros and Stanley Druckenmiller, is currently raising $800 million to set up private research labs in Israel called Nevo Labs. The venture also…
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Israel’s postwar rebuilding: Economic hurdles and the path to recovery
Following the ceasefires with Hamas in Gaza and Hezbollah in the north, Israel swiftly launched its postwar reconstruction efforts. Thousands of civilian structures in war-affected areas require urgent rebuilding, but despite a general…
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AI startup Safe Superintelligence leases Tel Aviv offices
Exclusive: Safe Superintelligence (SSI), the AI startup cofounded last year by OpenAI founder and former chief scientist Ilya Sutskever, together with Daniel Gross and Daniel Levy, is expanding operations in Israel. Sources close to…
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