In a stunning show of progress, Israel's electricity market reform has seen over 100,000 households and businesses switch from the Israel Electric Corporation (IEC) to private suppliers—well ahead of schedule. Initially set as the ambitious target for the end of 2024, this milestone has already been surpassed, prompting the Ministry of Energy and Infrastructure to raise its goal to 200,000 customers.

06 October 2024

Read more: Israel’s Electricity Conversion Outpaces Initial Expectations

In a move that has sent ripples through the global financial community, Moody's Investors Service has downgraded Israel’s credit rating, citing a grim mix of economic challenges and political instability. The decision, spearheaded by Kathrin Muehlbronner, Senior Vice President of Moody’s Sovereign Risk Group, has sparked widespread debate over Israel’s future economic trajectory and its capacity to rebound from the ongoing crisis.

01 October 2024

Read more: Moody's Explains Their Rationale For Surprise Israel Downgrade

In a groundbreaking move poised to reshape Israel's telecommunications landscape, the Ministry of Communications has announced its bold plan to invite new players into the country's cellular infrastructure market. This unprecedented decision, revealed on Tuesday, signals the ministry's commitment to fostering greater competition and accelerating the deployment of cutting-edge 5G technology across the nation.

25 September 2024

Read more: Israel Opens Cellular Market for 5G Expansion, Sparking Industry Debate

In a groundbreaking move that further cements its dominance in the global mobile gaming industry, Israeli gaming giant Playtika has announced a monumental deal to acquire its Tel Aviv-based peer, SuperPlay, in a transaction valued at a staggering $1.95 billion. This acquisition underscores Playtika’s relentless pursuit of growth and innovation in the rapidly expanding mobile gaming sector.

19 September 2024

Read more: Playtika Acquires SuperPlay in $1.95 Billion Deal to Boost Gaming Dominance

Since the outbreak of war with the Hamas terror group on October 7, institutional investors have transferred a staggering NIS 151 billion ($40 billion) out of Israel, according to a bombshell report by the Hebrew financial daily Calcalist. This monumental capital flight highlights the severe economic ramifications of the ongoing conflict, which have sent shockwaves through Israel’s financial markets and eroded investor confidence at a critical time.

17 September 2024

Read more: Investors Move ₪151 Billion Abroad Amid War & Economic Uncertainty