Altman will meet with employees at the Microsoft campus in Herzliya as well as with prominent Israeli tech entrepreneurs.

Three companies promising cultured meat, milk and honey, which have held TASE IPOs in recent years, are struggling to develop marketable products.

As banks report record profits, the Israeli Competition Authority has asked banks to provide details on the interest rates paid on deposit accounts.

The merger of the 3D printing companies will leave Israel’s Stratasys with a 59% stake and US company Desktop Metal with 41%.

Prime Minister Benjamin Netanyahu ended a briefing blaming the security escalation on the previous government by announcing that Yoav Gallant will remain Minister of Defense.

A financing agreement between real estate company Aura and The Phoenix Holdings is indicative of the state of the market.

By the end of this week, we shall have a clearer idea of the impact of the security situation, the inflation and interest rate trend, and whether the judicial overhaul will really affect Israel’s credit rating.

The Israel Tax Authority is trying to introduce a general reporting requirement even for rental income below the exemption threshold.

Prico: The shekel is weakening, when it would normally be strengthening, because of the sensitive situation in which Israel currently finds itself.

Governor of the Bank of Israel Amir Yaron, responding to criticism after yesterday’s interest rate hike, reasserted the importance of the bank’s independence.

The central bank has made its ninth consecutive rate hike to tame inflation and has cut its growth forecast for 2023.

With profits on traditional insurance business under pressure, the insurance companies see credit as an increasingly important part of their armories.

Israel’s cabinet has approved an across-the-board 1.5% budget cut to finance the NIS 1 billion required to establish the national guard.

In domestic appearances the prime minister looks tired and worn, while overseas leaders are less than welcoming. But admirers say those who would write him off don’t understand.

The realtor sector in Israel is in deep crisis as the number of housing deals has plunged by 40% over the past year.

The global crisis in high-risk investment and the political instability in Israel are squeezing the life out of Israeli healthcare startups.

In its most recent financing round in June 2021, the cloud security company had a valuation of $46 million, according to PitchBook.

Besides Benjamin Netanyahu, only Hungarian leader Viktor Orban has ever received an explicit non-invitation to the White House. For the US, democracy has never been “an internal affair”.

The bid by BP and ADNOC for 50% of NewMed Energy, if it succeeds, is seen boosting the Israeli partnership’s plans for LNG exports to Europe and regional exploration.

In 12 weeks of protests provoked by the judicial overhaul the TASE underperformed and the shekel weakened. “Globes” counts the cost to Israel’s economy.

If it goes ahead, the offer, which is at a high premium, will bring another major energy company into Israel’s Leviathan gas field.

Prime Minister Benjamin Netanyahu has reportedly agreed with National Security Minister Itamar Ben-Gvir that the cabinet will approve the setting up of a National Guard to strengthen policing.

Histadrut chief Arnon Bar-David: This is an historic strike in which workers and employers will together halt the judicial overhaul.

Prime Minister Benjamin Netanyahu has dismissed the defense minister for warning about the damage to the IDF caused by the split in Israeli society.

The biggest victims of the slowdown in the tech sector are those talent acquisition specialists that helped companies expand rapidly in 2021 and early 2022.

The customer service tech company’s share price plunged 50% last week after it released poor results and worse guidance.

Developers in the Tel Aviv district have about 15,000 unsold homes on their hands, a supply sufficient for two years’ sales.

“The split in society has penetrated the IDF and this is a clear, immediate and concrete danger to the security of the state.” Mass demonstrations continued around Israel.

Prime Minister Benjamin Netanyahu said he would introduce legislation to secure individual rights, but that the bill to change the judicial selection committee would proceed.

Protesters against the government’s judicial reform held rallies around Israel today, blocking main roads.

Even before the planned judicial overhaul Portugal, Greece and Cyprus tried to attract tech companies and employees. Now the relocation talks have gained momentum.

The Tax Authority is playing tough with companies helping salaried employees receive tax rebates, by blocking their access to its computer systems.

Germany’s BioNTech, which developed the Covid-19 vaccine marketed by Pfizer, is building a factory in Jerusalem for future products.

Special factors are helping the Israeli airline to take advantage of the recovery in the travel industry.

Despite forecasts of serious economic damage, Minister of Finance Bezalel Smotrich insists foreign investors will ultimately be convinced that the reform benefits the economy.

The Israeli online trading platform has scrapped its SPAC merger and cut its valuation to just one third of its SPAC valuation.

The Ministry of Finance Budgets Division has presented Finance Minister Bezalel Smotrich with its first official warning of the reform’s economic consequences.

Last year’s building starts figure was slightly higher than the 2021 figure of 63,600 building starts.

Yali Rothenberg told a Manufacturers Association conference that the situation was disturbing and that certainty needed to be restored.

Although the real estate companies are still not admitting it, new home prices are on the way down.

Constitution, Law and Justice Committee chair Simcha Rothman: The proposal will facilitate balance and diversity. Opponents of the reforms have rejected it out of hand.

Bnei Brak, Petah Tikva, Jerusalem and other cities are investing in huge parking lots, but planning experts see this as a waste of resources.

In the tech sector, the number of job vacancies for programmers fell 56% over the past year, the Central Bureau of Statistics reports.

Jacob Frenkel, governor of the Bank of Israel from 1999 to 2000, spoke at a rally in Tel Aviv as anti-government protests moved into their eleventh week.

Prime Minister Benjamin Netanyahu told journalists that the coalition had proposed an alternative composition for the judicial selection committee.

Sources familiar with the project say the Red Line will not begin operations on Independence Day as announced by Transport Minister Miri Regev.

Annual inflation over the past year has fallen less than forecast to 5.2%, while housing price rises have slowed.

Tel Aviv Municipality has issued revised rights for the TA/3700 plan north of Sde Dov but it may take years before construction begins.

Amir Yaron told CNN’s Richard Quest that the Bank of Israel’s independence was not at risk, but that the judicial reform needed to be “handled with care” to prevent economic damage.

The business leaders told the president that they would back his compromise proposal provided it is acceptable to major judicial figures.

At the same time, the new housing supply hit a four-year high in January 2023, the Central Bureau of Statistics reports.

Bank Leumi posted the highest profit among Israel’s banks for 2022, of NIS 7.7 billion, while Mizrahi Tefahot Bank saw a 33% rise in interest income.

The decline in mortgage taking is gaining momentum due to higher interest rates and economic uncertainty caused by the planned judicial overhaul.

The second largest bank collapse in US history has major implications for Israel due to the large exposure of tech companies and institutional investors to SVB.

For 2022, Israel Discount Bank’s net profit rose 26% to NIS 3.5 billion. The effect of separating from credit card company Cal is expected to be minor.

Bank Hapoalim founded Signature Bank in 2000 to attract wealthy private clients in New York, but exited from it in 2005.

Israeli institutional investors including Harel and Migdal have hundreds of millions of dollars invested in funds associated with SVB.

Among them are QualiTau, which holds most of its cash at the failed bank, and Outbrain has an undrawn revolving credit facility.

Minister of Finance Bezalel Smotrich has formed a team to examine the effects of the bank’s collapse on Israel’s tech industry.

Hundreds of Israeli tech companies are left exposed due to concerns about Silicon Valley Bank’s financial stability.