News

International airlines that had begun to fly to Israel again following the outbreak of war suspended service after the attack by Iran, and are not rushing back.

The move does not apparently reflect a lack of cash in the company's coffers, but rather the cuts will allow RiseUp to achieve profitability.

The US AI chip giant is set to spend $1 billion on two Israeli startups, which some see as part of a 'brain drain' of the country's AI talent.

The enterprise browser data security company has doubled its valuation in just six months.

This is the fifth straight month that gasoline prices have risen by an accumulative NIS 0.90 per liter since the start of the year.

The losses are mainly on properties held by subsidiaries in the US, as the office market there continues to be slow.

A selection of recent real estate deals in Israel in Ramat Gan, Holon, Mazkeret Batya, Afula, Kiryat Tivon and Lahavim.

People who have registered biometric data can submit passport and ID card applications via the Population and Immigration Authority website.

Rumors of a possible hostage release deal, together with a rally on US stock markets, appear to be among factors boosting the shekel.

The Israel Defense Forces has ordered thousands of drones from two Chinese companies for its land forces, sources inform "Globes."

The results were in line with the profit warning issued by the Israeli company at the start of the year.

Bank Hapoalim chief strategist Modi Shafrir: The geopolitical picture continues to weigh on the Israeli currency.

The company reported non-GAAP earnings per share of $2.04, up 13% from the corresponding quarter of 2023 and revenue of $598.8 million, up 6% from the corresponding quarter.

Nvidia has struck a deal to acquire Deci AI, which has developed technology to compress generative AI language models, "The Information" reports.

The Israeli company's share price fell earlier this week after its US rival Enphase published its financial results showing a slower than expected recovery in the industry.

Eni will receive a 37.3% stake in Ithaca, in a stock deal for its North Sea oil and gas assets, while Delek will reduce its stake from 90% to 52.7%.

"Globes" looks at Rad Group, whose founders Yehuda and Zohar Zisapel, both died over the past year, and which must now move on without two of the founding fathers of Israeli high-tech.

No financial details about the acquisition have been disclosed but estimates are that Nvidia is paying $680-$720 million for the Tel Aviv-based company.

Having passed the House of Representatives on Saturday, the bill now goes to President Biden for signature.

The Tel Aviv based company had revenue of $78 million in 2023 and a net loss of $79.3 million.

A selection of recent real estate deals in Israel in Ramat Gan, Rehovot, Hod Hasharon, Hadera, Karmiel and Netivot.

The planned expansion of the OPC power station in Hadera has been cancelled.

The $26.4 billion for Israel is part of a $95 billion package that also includes military aid for Ukraine and Taiwan.

"TechCrunch" reports that Wiz would pay just $150-200 million for Lacework, which was given a valuation of $8.3 billion, post-money in its last financing round.

Stressing that the war is continuing longer than expected, the ratings agency has also cut Israel's credit outlook from 'stable' to 'negative.'

Prof. Matias will head Google Research, reporting to Senior Vice President of Technology and Society James Manyika.

Beersheva's second hospital will be operated by Sheba Medical Center, and is due to open by 2028.

Police have also questioned Netivot mayor Yehiel Zohar in the affair involving real estate projects in the city. Ben Zvi's lawyer: His conduct will be found to have been irreproachable.

In an unprecedented move the Cabinet in its final meeting before the Passover holiday today approved a flat budget cut in all ministries despite resolute opposition by the Minister of Finance.

The company provides an Industry 4.0 based fully automatic manufacturing solution that makes the process faster, safer, and, environmentally friendly while both improving quality and reducing cost.

H&O invested NIS 500,000 in opening the 110 square meter store in the Azrieli mall in Modi'in.

The company has told "Reuters" that it has secured orders for 46 million of its EyeQ6 Lite assisted-driving chips over the next few years to make new vehicles safer and easier to drive.

The Ghost Soldier system is designed to assist ground forces in monitoring and discovering the enemy during warfare in open terrain.

Israel-Iran tensions and the strength of the dollar worldwide have the exchange rating touching NIS 3.80/$.

Microwave and laser systems to down swarms of drones have negligible costs compared with interception systems like Iron Dome.