Category: Israel
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Lockheed Martin appoints Tal Galor as Israel chief executive
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Lockheed Martin appointed Tal Galor, 41, as vice president and CEO of Israel. In 2022, Galor was selected by Globes as one of Israel’s 40 most promising people under 40. She replaces the dean. Gen. (Res.) Joshua Chaney, who is retiring after serving in that position for 34 years. Galor,…
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AWS halts Israel data centers expansion
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In recent months, Amazon Web Services (AWS) has been exploring the possibility of expanding its cloud services in Israel by adding more data centers. As the top winner in Israel’s Nimbus government cloud service tender, AWS is committed to establishing a local service region in Israel. As a local franchisee,…
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British Airways resuming Israel service
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The airline announced that it will resume flights between Tel Aviv and London from April 5. British airline giant Airways has announced that it will resume flights to Israel from April 5, 2025. The airline’s return to Israel will be gradual. It will initially operate one daily flight on the…
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Israel receives names of three hostages to be freed today
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The Prime Minister’s Office confirmed that it has obtained the names of the three Israeli hostages that Hamas is scheduled to release today under the temporary ceasefire agreement reached last week that took effect this morning. Shahav Gonen, the sister of Romi Gonen (24 years old), who was kidnapped in…
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Biden includes Israel in graphics processor export restrictions
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Outgoing US President Joe Biden dealt a severe blow to Israel, by including it in the restricted category for exporting advanced graphics processors, just a week before he left the White House. Under the new regulations, Israel will be included in a category subject to restrictions on the export of…
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Biden includes Israel in graphics processor export restrictions
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Outgoing US President Joe Biden dealt a severe blow to Israel, by including it in the restricted category for exporting advanced graphics processors, just a week before he left the White House. Under the new regulations, Israel will be included in a category subject to restrictions on the export of…
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Record mortgage taking in Israel in December
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Last month surpassed the previous monthly record for mortgage take-outs of NIS 13.4 billion in March 2022, the Bank of Israel reports. Israelis also recorded an all-time unexpected monthly record of NIS 13.8 billion in mortgage loans in December 2024, according to preliminary data from the Bank of Israel. This…
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easyJet to resume Israel flights
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British low-cost airline EasyJet has announced the resumption of its flights to Israel from June 1, 2025. The airline, which suspended all flights to Israel last April after a missile and drone attack by Iran, says it will operate flights from Tel Aviv to London (Luton), Amsterdam, Berlin, Basel, Geneva,…
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Lufthansa Group to resume Israel flights on February 1
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After suspending its flights to Israel last summer, the Lufthansa Group announced that it will resume its flights to Tel Aviv on February 1. The world’s largest airline includes Swiss Air, Austrian Airlines, Brussels Airlines, Eurowings and Lufthansa itself. Lufthansa joins several major airlines that have announced their return to…
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Nvidia deepens commitment to Israel
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Nvidia’s announcement yesterday that it is building one of Israel’s largest data centers at Mevo Carmel near Haifa with an investment of more than $500 million, which will also include its new laboratories, is the latest example of the American chip company’s deep commitment to the country. The facility will…
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Israel and Hamas reach hostage-ceasefire agreement
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A senior Israeli source familiar with the details of the negotiations confirmed that Israel and Hamas had reached a ceasefire agreement for the hostages. A senior Israeli source familiar with the details of the negotiations confirmed that Israel and Hamas had reached a ceasefire agreement for the hostages. The source…
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Nvidia in advanced talks in Israel over new tax benefits
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Leading global technology companies, led by Nvidia, are currently in advanced talks with the Israeli Ministry of Finance regarding innovative tax arrangements in Israel, Globes has learned. In the talks, chip giant Nvidia proposed a unique arrangement — raising Israel’s tax rate to 9% on activity, a move that could…
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Ryanair to resume Israel flights if Terminal 1 reopens
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Eddie Wilson, Ryanair’s chief executive, has announced that the Irish low-cost airline plans to return to full operations in Israel in the summer and that the summer schedule has already been set. Ryanair has not operated flights to Israel since last August, when flights were suspended due to the security…
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Airlines not rushing back to Israel despite impending law change
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After nine months and five sessions on this topic, the Knesset Economic Affairs Committee voted last week in favor of amending the Aviation Services Law, which protects the rights of travelers in the event of a flight delay or cancellation. The amendment reduces the conditions for compensation that airlines must…
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Israel rises in world passport strength rankings
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Israeli passport balance: Shutterstock El Al adds flights to European cities after suspending its flights to Moscow Apartments for sale and rent The Israeli passport rose from 24th place in recent years following the Abraham Accords, and the US decision to allow Israel to join the Visa Waiver Program, Henley…
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Bank of Israel keeps rate unchanged, raises growth forecast
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The Bank of Israel Monetary Committee announced that it kept the interest rate unchanged at 4.5%, as expected. This is the eighth time in a row that the Bank of Israel has left the interest rate unchanged, after reducing it from 4.75% in January 2024. Meanwhile, the Bank of Israel’s…
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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…