Category: Israel
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Iran supreme leader says ‘crushing response’ awaits US, Israel
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Iran’s supreme leader has upped his rhetoric, warning of an “overwhelming response” to the country’s enemies – including the United States – in the wake of an Israeli missile strike on the country a week ago. “The enemies, whether the Zionist regime or the United States, will undoubtedly receive a…
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Gasoline prices in Israel back on the rise
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The maximum price of government-controlled 95 octane gasoline at self-service pumps in Israel will rise on Thursday at midnight, November 1, by NIS 0.04 per liter to NIS 7.12 per litre. The Ministry of Energy and Infrastructure announced that the maximum price of government-controlled 95 octane gasoline at self-service pumps…
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High-end home sales on the rise in Israel
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The luxury housing market is recovering compared to the start of the war, although sales are still relatively low, reflecting the overall market, the Finance Ministry’s latest quarterly survey of the property market’s chief economist showed. The report also reveals that there has been a rise in apartments purchased by…
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In Israel Nvidia snaps up employees leaving Intel
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Several hundred employees at Intel Israel’s development centers in Haifa, Petah Tikva and Jerusalem will receive layoff notices this week, after thousands of their colleagues in the United States were laid off. In August, Intel announced that it would cut 15% of its workforce, cutting between 15,000 and 17,000 employees.…
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Israel Boasts Strategic Gains From Attack on Iran, But Quietly
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Breadcrumb links BMN Business After sending more than 100 fighter jets to attack Iran, the Israeli government is seeking to walk a fine line: Officials there believe the attack caused significant strategic damage but want to allow Iran to continue to reject it as unworthy of a response. Article writer:…
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Norwegian firm disinvests from Palantir over Israel ties
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A large Norwegian investment and asset management company has decided to sell its shares in an American company Palantir Technologies (NYSE: PLTR), an artificial intelligence services company known for its security products, and for its work with armed forces such as those of Ukraine and the United States, and more…
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IMF slashes Israel growth forecast
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Israel’s post-war economic recovery will take longer than many in the country think, according to forecasts in the International Monetary Fund’s latest World Economic Outlook report. The International Monetary Fund expects real growth in Israel in 2024 at only 0.7%, which means a decline in per capita terms. In the…
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British Airways cancels Israel flights until March 2025
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British Airways has announced that it will not renew its flights to Israel until March 2025, significantly reducing the number of flights available between Tel Aviv and London. British Airways joins a long list of airlines including easyJet, Wizz Air, Virgin Atlantic and Delta Air that will not resume flights…
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Israel begins destruction of Hezbollah’s banking system
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This week, the Israel Defense Forces launched large-scale attacks on Hezbollah’s financing pipelines with a focus on Al-Qard Al-Hassan, which helps finance the Lebanese Shiite organization’s terrorist activities. Lebanese media reported attacks over the past day with pictures of the destroyed Al-Qard Al-Hassan Bank branch in the Dahiya neighborhood in…
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Israel begins destruction of Hezbollah’s banking system
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This week, the Israel Defense Forces launched large-scale attacks on Hezbollah’s financing pipelines with a focus on Al-Qard Al-Hassan, which helps finance the Lebanese Shiite organization’s terrorist activities. Lebanese media reported attacks over the past day with pictures of the destroyed Al-Qard Al-Hassan Bank branch in the Dahiya neighborhood in…
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US says THAAD anti-missile system ‘in place’ in Israel
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Speaking before a visit to Ukraine, US Defense Secretary Lloyd Austin said the advanced THAAD anti-missile system “is present” in Israel. The US anti-missile defense system (THAAD) has been fully deployed in Israel. Speaking before a visit to Ukraine, US Defense Secretary Lloyd Austin said the advanced THAAD anti-missile system…
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Intel Israel to lay off several hundred after holidays
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Intel’s downsizing is moving quickly. After completing the voluntary retirement phase, which allowed Intel employees to leave and receive a bonus of up to 19 salaries, the American chip giant has now moved to the next phase. Last Tuesday, according to reports in the US, Intel began firing more than…
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Greek port workers block Israel bound arms consignment
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A shipment sent from North Macedonia to the Greek port of Piraeus for loading onto a ship sailing to Israel was blocked by protesting port workers belonging to the Greek ENEDEP union of cargo handling workers. Port workers claimed that the container was carrying weapons destined for Israel. Reuters reported…
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Israel grapples with interceptor missile shortage – report
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“Israel faces a looming shortage of interceptor missiles as it shores up air defenses to protect the country from attacks by Iran and its proxies, according to industry executives, former military officials and analysts,” the Financial Times reported this morning. The British business newspaper adds: “The United States is racing…
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Wizz Air cancels all Israel flights until January 2025
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Last month, the low-cost airline had the largest share of passengers passing through Ben Gurion Airport after Israel Airlines. For the first time since it began operating in Israel, low-cost carrier Wizz Air has announced a long-term cancellation of all flights until mid-January 2025. This is a dramatic announcement because…
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Israel Under Fire From Hezbollah as Cross-Border Battle Worsens
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Breadcrumb links BMN Business Israel said a new barrage of missiles was fired from Lebanon a day after a Hezbollah drone strike killed four soldiers, as cross-border fighting intensified between the two sides. Article writer: Bloomberg News Dan Williams and Marissa Newman Posted on October 14, 2024 • 4 minutes…
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Despite EU green light European airlines stay away from Israel
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Despite the decision of the European Union Aviation Safety Agency (EASA) to lift its recommendation against flying to Israel, European airlines are still reluctant to fly to Israel. Hungarian low-cost carrier Wizz Air has canceled all flights until at least October 23, and Polish airline LOT has postponed all flights…
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Israel stocks higher at close of trade; TA 35 up 0.80% By Investing.com
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Investing.com – Israeli stocks rose after the close on Sunday, as gains in the stock sector pushed stocks higher. At the close in Tel Aviv, it rose by 0.80%. The best performers of the session were Kamtek Ltd (TASE:), which rose 6.98% or 2,080.00 points to reach 31,880.00 at the…