Category: Israels
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Israel’s population surpasses 10m, as 83,000 leave
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The population growth rate decreased from 1.6% in 2023 to 1.1% in 2024, according to the Central Bureau of Statistics. Israel’s population rose by 1.1% over the past year to reach just over 10.027 million people, the Central Bureau of Statistics reports. However, 82,700 Israelis left the country during the…
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Oracle eager to build Israel’s supercomputer
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After talks with Google and Amazon to build the Israeli supercomputer failed, and the tender was reissued by the Israel Innovation Authority, Globes has learned that tech giant Oracle is planning to bid on the tender. Oracle already operates Israel’s largest data center for cloud-native operations, which it leases from…
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Jerusalem records Israel’s most expensive housing deals
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This year, instead of summarizing the year in the luxury housing market, Globes lists the most expensive deals in Israel’s 10 largest cities. In comparing cities, Jerusalem surprised this year by recording the largest deals in Israel, while Tel Aviv came in second place by a large margin. However, since…
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Pay in Israel’s tech sector falls
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Salaries in Israel’s technology sector, which have always been high and which we are accustomed to seeing constantly rise, will take a hit in 2024, according to a comprehensive report from recruitment firm Ethosia, which specializes in technology jobs. According to the report released today, for the first time since…
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Mergers make Matrix one of Israel’s biggest employers
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After recent mergers, an Israeli IT services and consulting company Matrix (TSX:MTRX) has become one of the largest employers in Israel with 12,500 employees, including 10,682 in Israel at the end of the third quarter. This is a larger number of employees than Intel Israel, which for many years until…
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Israel’s fiscal deficit narrows for second straight month
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Israel’s fiscal deficit decreased for the second month in a row. Finance Ministry Accountant General Eli Rotenberg reported today that the deficit in the 12 months to the end of November this year amounted to 7.7% of GDP, or NIS 150 billion. In the 12 months to the end of…
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Fortinet buys Israel’s Perception Point
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The acquisition price of the cyber company specialized in email protection is estimated at approximately $200 million. US internet company Fortinet (Nasdaq: FTNT) has made another acquisition in Israel. The company in question this time is Point of perceptionSpecialized in email security. The acquisition price appears to be around $200…
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Why Israel’s stock market is ignoring economic forecasts
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Measures of the Israeli economy present a picture that seems at odds with the uncertainty created by the security events. Tel Aviv Stock Exchange indices are rising despite weak economic growth expectations for Israel, the shekel is steadily strengthening, and demand for Israeli debt is high, despite downgrades by credit…
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Amazon, Google to compete for Israel’s supercomputer tender
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Two years after the Israel Innovation Authority began its national AI programme, it is now close to purchasing a supercomputer from one of the Israeli government’s national cloud suppliers – Amazon and Google. The budget for building the supercomputer is NIS 300 million, of which NIS 150 million will be…
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Amazon, Google to compete for Israel’s supercomputer tender
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Two years after the Israel Innovation Authority began its national AI programme, it is now close to purchasing a supercomputer from one of the Israeli government’s national cloud suppliers – Amazon and Google. The budget for building the supercomputer is NIS 300 million, of which NIS 150 million will be…
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Israel’s fiscal deficit narrows after 18 months of rises
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The Israeli fiscal deficit has shrunk for the first time since the beginning of the war. Finance Ministry Accountant General Eli Rotenberg reported today that the deficit in the 12 months to the end of October this year amounted to 7.9% of GDP, or NIS 154 billion. In the 12…
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J.P. Morgan cuts Israel’s growth forecast
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In its latest report on Israel, JPMorgan lowered the country’s growth forecasts for 2024 and 2025. The US investment bank expects GDP growth of 0.5% in 2024, down from its previous forecast of 1% and 3.3% in 2025, down from its previous forecast of 1% and 3.3% in 2025. 3.7%…
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Israel’s Defense Ministry sees startups as vital for war effort
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The increasing security tensions in the world have put on the agenda the need for advanced technologies in the security sector. Representatives of the Defense Research and Development Directorate (DDR&D) (MAFAT), venture capital investors and entrepreneurs of the Ministry of Defense participated in a conference dedicated to startups operating in…
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Israel’s Defense Ministry sees startups as vital for war effort
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The increasing security tensions in the world have put on the agenda the need for advanced technologies in the security sector. Representatives of the Defense Research and Development Directorate (DDR&D) (MAFAT), venture capital investors and entrepreneurs of the Ministry of Defense participated in a conference dedicated to startups operating in…
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Israel’s forex reserves fell sharply in October
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The Bank of Israel reported that Israel’s foreign exchange reserves at the end of October 2024 fell to $216.074 billion, a decrease of $4.303 billion from their level at the end of September. Israel’s foreign exchange reserves at the end of October 2024 fell to $216.074 billion, a decrease of…
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Cabinet approves Israel’s 2025 budget
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The Israeli Cabinet approved a budget worth NIS 607 billion for 2025 in addition to budget adjustment measures worth a total of NIS 37 billion. The Finance Ministry’s plans that were dropped at the last minute from the budget proposal approved by the Council of Ministers are: reducing tax benefits…
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Teva leapfrogs Check Point as Israel’s most valuable company
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Teva Pharmaceutical Industries Limited (New York Stock Exchange: Tifa; level: Tifa Once again the most valuable company in Israel. Tifa jumped Check Point Software Technologies Limited (Nasdaq: CHKP) on Wall Street after the cybersecurity company’s stock price fell due to missing third-quarter billing revenue and disappointing fourth-quarter guidance, which was…
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Teva leapfrogs Check Point as Israel’s most valuable company
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Teva Pharmaceutical Industries Limited (New York Stock Exchange: Tifa; level: Tifa Once again the most valuable company in Israel. Tifa jumped Check Point Software Technologies Limited (Nasdaq: CHKP) on Wall Street after the cybersecurity company’s stock price fell due to missing third-quarter billing revenue and disappointing fourth-quarter guidance, which was…
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Big investors leaving Israel’s real estate market
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Investors who buy large numbers of apartments are leaving Israel’s real estate market, according to an August 2024 survey conducted by the Finance Ministry’s chief economist. The survey found that although until recently these large investors completed most of the deals by investors, in August they made up 33% of…