Jerusalem Metro preliminary planning tender issued

Jerusalem Municipality and the Ministry of Transport see the city's light rail network reaching capacity by 2030, making it necessary to expand public transport.

Bladeranger signs solar panel drone distribution deal

The exclusive distribution deal for Israel with Propeller Drones comes one week after Bladeranger completed its merger with Solar Drone.

Israeli startups raised over $550m in June

Israeli privately-held tech companies raised $4.5 billion in the first half of 2024, according to IVC-LeumiTech, indicating a recovery from 2023 when $6.9 billion was raised in the entire year.

Lightricks to focus on AI and lay off 70 employees

The Jerusalem-based company is changing its business focus to generative AI at the expense of some of its app operations.

Payment apps Bit and Paybox to charge fees from January

The estimated fee of 1% will be paid by customers involved in transfers averaging over NIS 2,080 per month including paying and receiving money.

Former Microsoft Israel head in Netanya server farm project

Shelly Landsmann has teamed with the Levinstein Group and UK firm Goldacre to build a server farm on the 13,500 square meter former Cellcom site in the Poleg Industrial Zone.

Bank Hapoalim names Yadin Antebi as new CEO

Antebi, currently head of Financial Markets and International Banking at the bank, will replace the outgoing Dov Kotler.

Israel spent $1.1b on nuclear weapons in 2023 - report

The International Campaign to Abolish Nuclear Weapons ranked Israel seventh in terms of investment on nuclear weapons last year.

Shikun & Binui CEO quits, moves to buy control

CEO Tamir Cohen was at loggerheads with controlling shareholder Naty Saidoff over the performance of the Israeli infrastructure and real estate company.

Gasoline prices in Israel back on the rise

The return to a rise in prices comes after gasoline prices fell by NIS 0.38 at the start of June, after five consecutive months of price rises.

Israeli tech fundraising recovered strongly in Q2

Israeli tech companies raised $2.9 billion in the second quarter of 2024, up 47% from the second quarter last year, IVC-LeumiTech reports.

Slice pensions affair takes toll on savers

Pensioners with no access to their money are suffering financially and mentally, and receiving scant attention from politicians.

Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Or Yehuda, Beer Yaakov, Harish and Akko.

Alphabet closing Verily health data Israel R&D center

Verily Life Sciences has 25 employees in Tel Aviv and Haifa.

OurCrowd to co-manage Israel-South Korea tech fund

OurCrowd CEO Jon Medved: Israeli DeepTech companies will receive direct access to the South Korean industrial giants. The fund’s target is $80 million.

Int'l interest in Rafael's Spike missiles intensifies

One of Spike's new sources of interest is Argentina, which is considering the implementation of launchers as part of a modernization procedure for TAM VCTP tanks.