Globes - Israel Business News
Israel signs $5.2b Boeing deal for F-15 fighter jets. The Ministry of Defense is procuring 25 advanced F15IA jets for delivery from 2031. Israel's forex reserves fell sharply in October. Shekel gains against dollar, bucking global trend. Trump and heavy losses drag SolarEdge to new low.
BoI Governor: We must conduct responsible economic policy
BoI Governor: We must conduct responsible economic policy. Speaking after the announcement that the interest rate will remain unchanged, Amir Yaron urged the government to ensure continued financial robustness and economic growth in the future. Bank of Israel Governor Prof. Amir Yaron opened his remarks at the press conference following the ...
ECONOMY - Globes
S&P sees Israel's economy shrinking this year. S&P Global Market Intelligence's research department predicts 3.2% growth in Israel next year and 3.6% in 2026. In Israel Nvidia snaps up employees leaving Intel. Intel's layoffs coincide with major expansion in Israel by its rival Nvidia, which is taking advantage of the situation.
Chevron suspends work on Leviathan third pipeline - Globes
NewMed Energy (TASE: NWMD), the Delek unit that holds a 45.34% stake in the Leviathan gas field, has notified the Tel Aviv Stock Exchange (TASE) that the fields operator Chevron, which has a 39.66% stake, has decided to suspend work on laying a marine pipeline as part of the third pipeline project, because of the escalation in the north, until ...
Treasury plans higher tax on Israel's wealthiest - Globes
According to the Ministry of Finance’s forecast, raising the surtax rate from 3% to 5% will yield NIS 1 billion to the state in 2025, and NIS 1.5 billion each year thereafter. In addition, expanding the applicability of the surtax on real estate investments will add NIS 420 million revenue in 2025 and another NIS 510 million when the measure ...
News - Globes
2 days ago — Upwind, cofounded in 2022 by CEO Amiram Shachar, who previously founded cloud security management company Spot.io, which was sold to NetApp for $450 million in 2020, is raising the money at s $850-900 million valuation, "TechCrunch" reports. 10/11/2024 16:21 Start ups Globes correspondent.
HEALTHCARE - Globes
New initiative connects Israeli tech to UK healthcare. The Dangoor Health-Tech Academy will foster collaboration between Israeli startups and Britain's National Health System, initially focusing on AI or automation-driven healthcare solutions.
UBS sets out forecasts for shekel as conflict widens - Globes
In a survey of the Israeli economy, Swiss bank UBS notes that the economy has been in a challenging and complex situation since the attack by Hamas on October 7, 2023, and sets out projections for the shekel on the basis of three scenarios. "The GDP and fiscal hit to the Israeli economy since 7 Oct 2023 amid lingering uncertainty about the ...
About Globes - Globes
en.globes.co.il is the English version of Israeli business daily "Globes". Each evening, Globes brings its unrivaled coverage of Israeli business to some 45,000 subscribers representing Israel's elite in management, investment, technology, law, accounting, and marketing.
Cosgrave's Web Summit prospering without Israelis - Globes
9 Oct, 2024 14:35. Meytal Vaizberg and Assaf Gilead. After criticizing Israeli actions in Gaza, Paddy Cosgrave said last year's Web Summit was the worst in its history. But he expects a 30% increase in revenue this year. Several days after October 7 2023, Paddy Cosgrave angered Israel's tech community, which was still licking its wounds, with a ...