Category: Israel
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Biden gov’t plans $8b military aid package for Israel
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The administration of US President Joe Biden has informed Congress that it intends to approve an $8 billion military aid package for Israel, Reuters reported yesterday. An aid package of this size requires approval by the House of Representatives and the Senate. It will include air-to-ground munitions and artillery shells.…
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Tesla only EV in Israel to raise prices after tax hike
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The wave of car price hikes began in Israel, after the Knesset approved changes to the car tax at the last minute. After increasing the purchase tax on electric cars from 35% to 45% and reducing the ceiling on tax benefits, car importers publish updated price lists for 2025, which…
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Wizz Air to resume Israel flights to 10 more destinations
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The gradual return of foreign airlines to Israel is scheduled to accelerate on January 15 with the Hungarian low-cost airline Waze Air Flights will resume between Tel Aviv and 10 other destinations. Wizz Air returned to Israel earlier this month, after suspending operations at Ben Gurion Airport for two months,…
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Amazon, Google Israel supercomputer talks fail
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Amazon and Google were not chosen to operate the Israeli supercomputer. The Israel Innovation Authority, which has been in talks with the two tech giants about building the supercomputer, yesterday issued a call for proposals for other companies to submit bids of up to NIS 290 million, and receive a…
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Gasoline prices in Israel to rise Tuesday night
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The Ministry of Energy and Infrastructure announced that the maximum price of government-controlled 95 octane gasoline at self-service pumps in Israel will rise on Tuesday at midnight, January 1, 2025, by NIS 0.08 per liter to NIS 7.20 per liter. The Ministry of Energy and Infrastructure announced that the maximum…
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Indicators point to strong investor confidence in Israel
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Fourteen months after the war, there are at least three signs that the Israeli economy still enjoys investor confidence. First of all, this year’s return on the Tel Aviv 125 index exceeded the S&P 500 index, with a rise of 28.5%, compared to 24.3% for the US index. In fact,…
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Israel and Turkey Are Shaping a New Syria From Their Borderlands
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Breadcrumb links BMN Business Syria’s leadership is not the only aspect of the country changing as a result of the overthrow of dictator Bashar al-Assad this month. Its borders are also being blurred – from Israel to the southwest and Turkey to the north. Article writer: Bloomberg News Alyssa Odenheimer…
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Israel has second highest poverty rate in OECD
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In Israel in 2023, there were 1.98 million Israelis living below the poverty line, as defined by the National Insurance Institute, according to the OECD’s Poverty and Social Gaps Index published today. The poverty rate in Israel decreased very slightly from 20.8% in 2022 to 20.7% in 2023. Relative poverty…
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Israel to lure foreign AI experts with meager budget
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As the world competes intensely for AI talent, the Israel Innovation Authority is presenting a plan with an exceptionally low budget of $1.8 million to bring AI experts to Israel. This small amount is supposed to fund a pilot program that will bring in 200 experts over three years –…
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Israel launches first domestically-built quantum computer
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Israel’s first home-grown quantum computer, using advanced superconductivity technology, is now operational. The 20-qubit quantum computer was developed under the leadership of the Israel Innovation Authority, Israel Aerospace Industries (IAI), the Hebrew University, and the university’s technology transfer company, Yesom. This collaboration has created a quantum computer infrastructure based on…
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Six airlines to resume Israel flights over next week
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Six airlines are scheduled to resume their flights to Israel next week. Tomorrow, the Romanian low-cost airline Biz Airlines, which only started flying to Israel in August, will renew its flights to Ben Gurion Airport after suspending its services for several weeks. In the next few days, Spanish carrier Air…
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Brown Hotels asks court to approve sale to Israel Canada
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Brown Hotels said in the court filing that Israel and Canada have committed to purchasing the business operations of eight of its hotels and brands. Brown Hotels has applied to the court to approve its sale to Israel Canada (TASE: ISCN). Brown Hotels said in the application that Israel and…
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Brown Hotels asks court to approve sale to Israel Canada
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Brown Hotels said in the court filing that Israel and Canada have committed to purchasing the business operations of eight of its hotels and brands. Brown Hotels has applied to the court to approve its sale to Israel Canada (TASE: ISCN). Brown Hotels said in the application that Israel and…
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Brown Hotels asks court to approve sale to Israel Canada
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Brown Hotels said in the court filing that Israel and Canada have committed to purchasing the business operations of eight of its hotels and brands. Brown Hotels has applied to the court to approve its sale to Israel Canada (TASE: ISCN). Brown Hotels said in the application that Israel and…
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Brown Hotels asks court to approve sale to Israel Canada
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Brown Hotels said in the court filing that Israel and Canada have committed to purchasing the business operations of eight of its hotels and brands. Brown Hotels has applied to the court to approve its sale to Israel Canada (TASE: ISCN). Brown Hotels said in the application that Israel and…
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Brown Hotels asks court to approve sale to Israel Canada
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Brown Hotels said in the court filing that Israel and Canada have committed to purchasing the business operations of eight of its hotels and brands. Brown Hotels has applied to the court to approve its sale to Israel Canada (TASE: ISCN). Brown Hotels said in the application that Israel and…
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Israel must recognize Turkey as powerbroker in Syria
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The final collapse of Bashar al-Assad’s regime in Syria this morning puts a stamp on a major change in the balance of influence in the Middle East. Iran has been greatly weakened, while Türkiye has taken its place. The regime of the Ayatollahs in Iran is paying a heavy price…
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Defense Ministry orders five fast attack ships from Israel Shipyards
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An impression of the Reshef-class missile ship, source: Ministry of Defence Delek Group joins the bidding for Isracard Fortinet buys Israeli point of view The new Sa’ar Reshef-class ships will be the most advanced in the Israeli Navy and are designed to give it naval superiority. The […] The post…
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SAP Israel head: If theres value, deals happen despite war
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Speaking at the Globes Israel Business Conference, Orna Kleinman, Managing Director of SAP Labs Israel and Senior Vice President of Technology and Innovation at the SAP Cloud Platform Foundation, commented on the challenges the war has posed to international high-tech companies in Israel. She said: “60% of advanced technology in…
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SAP Israel head: If theres value, deals happen despite war
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Speaking at the Globes Israel Business Conference, Orna Kleinman, Managing Director of SAP Labs Israel and Senior Vice President of Technology and Innovation at the SAP Cloud Platform Foundation, commented on the challenges the war has posed to international high-tech companies in Israel. She said: “60% of advanced technology in…