Bill proposes abolition of public broadcasting in Israel
Communications Minister Shlomo Karhi and MK Tally Gotliv call for privatization of the Israel Public Broadcasting Corporation (Kan), and for shutting it down if no suitable buyer is found.
Israeli data security co Cyera raises $300m at $3b valuation
Cyera has more than doubled its valuation since its most recent financing round in April 2024, when it also raised $300 million.
Office space in Rishon’s Eleph project rezoned for housing
Half the space allocated for offices in the southeast section of Rishon Lezion’s Eleph complex has been rezoned for the construction of 113 small apartments.
SaverOne loses over 99% of flotation value
The driving safety system developer claims a huge potential market, but has so far posted meager revenue and large losses.
El Al's profit climbs to new heights
The airline posted a net profit of $187 million for the third quarter, on record revenue of $1 billion.
Haifa drivers deterred by high Carmel Tunnels tolls
Tolls have risen 65% since the tunnels were opened in 2010, despite government subsidies.
Israeli co Canada Global buys Miami real estate for $116m
The project covers 10 acres in Aventura and comprises three office buildings and three car parks as well as building rights for 500 apartments.
Histadrut and Treasury reach agreement on public sector pay
Israel's Ministry of Finance and Histadrut trade union movement have reached a final agreement on a package of economic measures that will be part of the 2025 state budget.
NASA to integrate Odysight.ai cameras into aerospace vehicles
The Israeli company's systems will monitor any damage to the aerospace vehicles parts during flight trials.
Elbit Systems orders backlog grows to record $22b
CEO Bezhalel Machlis: We are developing an airborne laser, and are about to inaugurate a new UAV factory.
Despite price cuts, Tesla loses its shine in Israel
Israel's car market may be tiny, but it's an excellent test case for Tesla's ability to recover market share as rival brands pour in.
Bank Leumi posts 30% rise in Q3 profit to NIS 2.3b
The bank's mortgage portfolio grew 10% year-on-year, outstripping growth in lending to any other sector.
Bladeranger signs solar panel drone cleaning deal with Electra
Propeller Drones will use its partner Bladeranger’s technology to clean Electra's solar energy fields.
Israel's risk premium falling sharply
Israel's markets have been over-performing in the past few weeks as investors see a ceasefire agreement with Lebanon moving nearer and the 2025 budget moving forward.
Housing price falls in Israel set to gain momentum
After rising for nine consecutive months, the Housing Price Index is again falling and additional data published last week suggests the trend will continue.
Discount Bank posts 40% profit rise, announces share buyback
The bank will buy back shares up to a total of NIS 500 million.