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

In a dramatic session on Monday, the Knesset Finance Committee took a crucial step forward in preparing a sweeping NIS 3.4 billion government spending bill for its second and third readings. This ambitious bill, championed by Finance Minister Bezalel Smotrich, is poised to inject much-needed financial resources into Israel's war-torn economy. With Smotrich himself leading the charge, the proposal addresses a range of urgent war-related needs, from supporting evacuees and hostages' families to bolstering businesses crippled by the ongoing conflict.

16 September 2024

Read more: Knesset Moves Forward with NIS 3.4B War Bill Amid Opposition Criticism

As Israel continues to face unprecedented challenges since the outbreak of war on October 7th, the nation's high-tech sector, long celebrated as a beacon of innovation and resilience, is now navigating uncharted waters. A recent report titled “One Year of Israeli Innovation in War,” published by Startup Nation Central (SNC), reveals that nearly half (49%) of Israeli high-tech companies have experienced canceled investments since the conflict began, highlighting the severe impact on the sector that has been a crucial driver of Israel's economy.

15 September 2024

Read more: Israeli Tech Faces Investment Cuts Amid War; Calls for Gov't Action Grow