The acquisition, the first by Wiz, is estimated to be in the hundreds of millions of dollars. Wiz CEO Assaf Rappaport: Acquiring Rafft will assist in our efforts to promote secured development in the cloud.
Finance Ministry officials told the Knesset Finance Committee that tax revenues were falling even before the outbreak of war.
Two researchers from New York University and Columbia Law School found a sharp rise in short sales of Israeli stocks in the weeks before October 7.
Despite excess supply and falling demand, property owners are reluctant to lower prices.
There is much more to Eylon Levy than his raised eyebrows, which he famously raised last month to swat aside a ridiculous question from Sky News.
This is the latest blow to the solar energy technology company’s stock, after a profit warning for the third quarter and weak guidance for the fourth.
What are “coalition funds”? Are the numbers big or small? Are haredi teachers underpaid? “Globes” provides some answers.
Rafael has unveiled Sky Sonic to tackle Iranian hypersonic missiles, but the Ministry of Defense does not see this as a realistic threat.
Local objections to the project are liable to cause delay in construction of the northern section, and possibly outright cancellation.
The banks see mortgage lending totaling NIS 5-5.5 billion this month and next, assuming that the war does not escalate.
Discount Investment holds a 36% controlling stake in the Israeli telecom company.
Benny Gantz and the other National Unity minsters voted against the new budget, which includes an additional NIS 30 billion to cover war related expenditure.
The Bank of Israel said that monetary policy could focus more on supporting economic activity if the markets remain stable and inflation continues to moderate.
Benny Gantz’s National Unity party will try to fight against the coalition funds still in the budget in the Knesset by persuading Likud rebels to oppose it.
In response to Benny Gantz’s threat to vote against the revised 2023 budget, Benjamin Netanyahu claims that the dispute is over just 1% of the budget total.
More homes have been sold in Beersheva than in Tel Aviv since October 7th but the decline is not because of the war.
Israel received 26 hostages from Hamas over Friday and Saturday as well as 15 foreign workers.
Economic growth in Israel for 2023 is now forecast at 2%, which, given the growth in the population, amounts to stagnation.
The Qatari Ministry of Foreign Affairs says a ceasefire in Gaza will come into effect 7 am Friday, and the first hostage release will be at 4 pm.
“Globes” examines why Egypt is taking a back seat in Israel-Hamas talks and its determination not to accept Gazan refugees.
The outspoken former Facebook VP tells “Globes” that TikTok not only threatens Israel but also the US and slams Elon Musk for his antisemitism.
National Security Council head Tzachi Hanegbi said that the start of the release of Israeli hostages would not begin before Friday.
Former National Security Advisor Meir Ben-Shabbat says the government has an enormous commitment to release every hostage possible, while understanding the risks of a pause in fighting.
A previous deal with US company Bioventus fell through. Israeli company CartiHeal has developed an implant for treating cartilage and joint surface lesions in the knee.
About 50 hostages held in Gaza, women and children, will be exchanged for about 150 security prisoners, mainly women.
Despite the war, the shekel is trading at levels not seen since early August, due to a combination of domestic and global factors.
Although it was only due to become operational at the end of the year, the first stage of Israel-1 went into initial use today.
A few months ago, new apartments for rent on the market were snapped up, but real estate brokers now report that landlords must cut rents.
Minister of Finance Bezalel Smotrich’s aids say that the extension of Prof. Yaron Amir’s tenure is designed to calm the markets and provide stability for the economy.
Israel Money Laundering and Terror Financing Prohibition Authority head Ilit Ostrovitch Levi tells “Globes” that to defeat terrorist organizations, their economic oxygen must be cut off.
The bank has raised its assessment of risk in the construction and real estate sector, and says prices are falling faster than official figures indicate.
In the wake of the October 7 atrocities, Israel’s gun laws have been eased, but some believe the proliferation of firearms could backfire.
The Israeli currency has gained 8% against the US dollar since the start of November and 5% against the euro.
With anti-Semitic incidents soaring in Western Europe and North America, the Jewish Agency reports interest rising in immigrating to Israel.
Last month’s Consumer Price Index was in line with expectations while housing prices ended five consecutive months of declines.
IAI engineer: Each interception missile costs $2 million, but the damage to life and property, if the missile had hit a hotel in Eilat, would have been far worse.
Despite the ongoing war, the Israeli currency has strengthened by 6.6% against the US dollar since the start of November.
Saudi Crown Prince Mohammed bin Salman is satisfied with what is happening in the Gaza Strip, because a fatal blow to Hamas and Islamic Jihad means weakening Iran’s proxies in the region.
With Gaza’s hospitals like Shifa acting as terrorist strongholds and needing to be evacuated, “Globes” examines solutions to the crisis.
Following IAI’s announcement of the sale of the system to an unnamed country, reports in Baku confirm that Azerbaijan is the customer.
Israel’s real estate market, already in a slowdown, has ground to a halt, but companies are confident sales are set to resume.
Yesterday’s lethal incident on the Lebanese border set off fears that the war could expand, raising Israel’s risk premium.
Security expert Orna Mizrahi insists Israel must be more proactive in the north, even though Hezbollah does not want a full-scale war.
Microsoft announced today that it has launched its Azure Israel cloud region and that its data center infrastructure is available for all users.
A month ago, the Ministry of Energy ordered the shut down of the flow of gas from Tamar, which is close to the Gaza Strip.
“Bloomberg” reported that the US company would acquire Israeli fintech company Melio for $1.95 billion. BILL Holdings: BILL is not pursuing any such acquisition at this time.
“Bloomberg” reports that the Israeli fintech company is set to be acquired for less than half its valuation in 2021.
Major General (res.) Itzhak Brik, who for many years criticized the Gaza border concept, believes the IDF has adopted the right strategy in Gaza, but cautions on the next step.
Sources in the Accountant General’s office explain that major government spending such as payment of army reservists, and putting up 90,000 evacuees in hotels, won’t be included until November’s data.
An attempt to override Ministry of Finance professionals, allegedly to maintain funds for haredi parties, seems to have failed.
The shekel is continuing to strengthen as the Bank of Israel reports how much foreign currency it sold during October.
There were 70,000 new registrations at the Employment Service in October, 57,500 more than in September.
Prof. Elie Podeh: The October 7 attack blew Saudi Arabia’s diplomatic, economic, and defense strategy off course. It will pay back several times over.
The exchange rate against the US dollar is currently maintaining the trend seen at the end of last week.
The conceptual failures that led to the October 7 atrocities demonstrated how putting faith solely in technology was not such a smart idea.
Bezalel Smotrich has surprised some of the Ministry of Finance’s top officials by doubling the range for enlarged business compensation from 20 to 40 kilometers.
Isracard’s share price plunged in the past two weeks amid assessments that the deal with Harel would not go ahead, but it is up nearly 15% in today’s session.
Analysts say the traditional correlation between the shekel-dollar exchange rate and movements on US stock markets is reappearing.
As the October 7 attack illustrated, drones are an integral part of modern warfare. What can be done to defend against them?
Psagot Mutual Funds CEO Eyal Goren: Certainty, even bad certainty, enables the market to move forward.
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