Israel business
Knesset about to pass budget already seen as irrelevant
In the event of an extensive ground operation in Lebanon, the legislative process will start all over again, with revised deficit and growth forecasts
Iranian emigre entrepreneur wages war on hackers
This Israeli company uses AI to speed up psychiatric care post-Oct. 7
Iran-born anti-regime Nasdaq biotech investor says he is trying to cure ‘two cancers’ - interview
93% of Israeli business leaders fear missing out on AI advancements
Additionally, only 41% of Israeli business leaders express complete confidence in the accuracy of their data.
S&P raises Israel Aerospace Industries’ international credit rating to A-
S&P Global Ratings Maalot Ltd: "The company's rate of output remains almost unaffected by the current fighting and call-up of reservists."
2023’s transaction value marks 10-year low, and the war makes it worse
Even before the security crisis in October, the first three quarters of 2023 showed a 60% decrease in volume and a 21% decrease in the number of transactions.
Ongoing war could decrease the business sector’s production by 3.8% in Q4 - report
The latest Melnick report gives one of the first concrete indications about the war’s effect on the Israeli economy.
How much will the Israeli economy suffer from a war with Hamas?
The economic price Israel is paying for the war on Hamas, with the Manufacturers Association reporting that the economy had already lost NIS 4.6 billion.
Israeli tech startups flock to US amid uncertainty at home
This marks a reversal, as Israel had managed in the past decade to persuade more of its startups to set up their legal identity domestically.
Intel drops $5.4 billion deal to buy Israeli chipmaker in US-China spat
Intel does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away.
Up for sale! Israel Post raises speculation about the country's postal service
Business Affairs: If you feel you’re up to the task, check out that ad in the ‘Post’ and send in your application. It’s up to you whether you send it through the mail.
Israel launches privatization of revamped postal service
The state’s privatization agency said it would sell 100% of Israel Post Co. to an investor or group of investors.
Peer membership organization for high-net-worth wealth individuals launching in Tel Aviv
The organization is already running more than 100 groups in 46 cities around the globe.
