In a much-anticipated move, the Ministry of Energy and Infrastructure has announced a reduction in the maximum price of government-controlled 95 octane gasoline at self-service pumps across Israel. At the stroke of midnight on Wednesday, August 1, prices will drop by NIS 0.08 per liter, bringing the cost down to NIS 7.48 per liter. This price cut, though seemingly modest, is a welcome respite for Israeli consumers amidst a backdrop of fluctuating fuel costs and regional unrest.

30 July 2024

Read more: Price Control: Energy Ministry Orders Gas Prices Lowered On Wednesday

The Israeli construction industry is undergoing a significant transformation with the Ministry of Construction and Housing's new policy encouraging foreign companies to undertake residential projects. This shift aims to address labor shortages and boost the number of active construction firms. However, a critical question arises: How will this influx of foreign construction companies impact housing prices in Israel?

21 July 2024

Read more: Foreign Construction Firms Are Good For Consumers; Israeli Developers Angry

In an impressive display of innovation and resilience, nine Israeli startups have secured a whopping $142 million (€130 million) in grants from the European Union’s prestigious Horizon accelerator program. This funding surge comes at a crucial time, as many fledgling companies grapple with the challenges of raising essential funds amidst ongoing conflict with the Hamas terror group.

17 July 2024

Read more: Innovation Nation: Israeli Startups Secure $142M from EU Horizon Program

In a groundbreaking move set to redefine the tech industry's landscape, Alphabet, the parent company of Google, is poised to make its most significant acquisition to date. According to an exlusive report by The Wall Street Journal, the tech giant is reportedly in advanced negotiations to acquire the cybersecurity startup Wiz in a staggering $23 billion deal. This acquisition, if finalized, will not only be Alphabet's largest but will also surpass Intel's purchase of Mobileye by over 50%, marking the highest price ever paid for an Israeli tech company.

15 July 2024

Read more: Alphabet Eyeing $23B Acquisition Of Wiz: Largest Ever For Israeli Tech

Since the onset of the Iron Swords War in October, Israel has witnessed an alarming and unprecedented collapse in its business sector. According to a recent report by Israel’s Maariv newspaper, an astonishing 46,000 Israeli companies have shuttered their doors, with projections suggesting this number could surge to 60,000 by the year's end. Yoel Amir, CEO of business information company CofaceBDI, described this as a catastrophic blow to the nation's economy, encompassing a broad range of sectors.

11 July 2024

Read more: The Cost Of War: 46,000 Businesses Closed Since October 7th