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12 May 2025

Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Israel's fiscal deficit narrows for seventh straight month

The fiscal deficit narrowed in the twelve months to the end of April 2025, to 5.1% of GDP, or NIS 104.7 billion, the Ministry of Finance accountant general reports.

12/05/2025 14:23 Economy Oren Dori
Classiq founders credit: Eyal Toueg Israeli quantum software co Classiq raises $110m

Classiq’s platform and enterprise solution is suited to designing scalable quantum programs, and addresses the widening gap between quantum hardware and quantum software.

12/05/2025 14:00 Start ups Assaf Gilead
Teva  credit: Cineberg/Shutterstock Trump post on slashing drug prices sends Teva tumbling

Pharma companies everywhere have been hit by the US president's announcement that he will cut prices of drugs to their lowest prices globally.

12/05/2025 12:36 Healthcare Shiri Habib-Valdhorn
US President Donald Trump  credit: Shutterstock US chip export rules cancellation unlikely to help Israel soon

The Trump administration plans to replace the restrictions with bilateral agreements, but sees Israel as low priority.

12/05/2025 11:42 Economy Assaf Gilead

11 May 2025

Teva to lay off an estimated 250-300 employees in Israel

Market sources believe that the rate of layoffs in Israel will be similar to the general rate worldwide.

11/05/2025 19:34 Healthcare Shiri Habib-Valdhorn
Israel's cabinet approves bonuses for reservists

As the Israeli army drafts reservists for an expanded operation in Gaza, the cabinet has approved incentives worth NIS 3.4 billion for reservists called up for combat duty.

11/05/2025 16:06 Economy Oren Dori
Germany wants to procure Israel's Arrow 4 - report

Having signed a huge NIS 14 billion deal to buy the Arrow 3, Germany is now eager to procure the Arrow 4, which is under development, "Hartpunkt" reports.

11/05/2025 15:03 Aerospace & defense Assaf Uni
Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Holon, Kfar Saba, Rosh Ha'ayin, Karmiel, and Kiryat Shmona.

11/05/2025 14:21 Real estate Nir Weiss-Vadraru
AI21 Labs raising $300m - report

The Israeli AI systems developer is focusing on reducing hallucinations in generative AI, which would make LLMs more reliable.

11/05/2025 13:20 Start ups Globes correspondent
Israel flight cancellations continue to mount

The list of foreign airlines opting for longer-term suspensions is lengthening.

11/05/2025 12:55 Tourism Stav Livne
S&P retains negative outlook for Israel rating

The credit rating agency notes the strengths of Israel's economy, but sees current geopolitical risks as decisive.

11/05/2025 09:55 Economy Oren Dori

08 May 2025

NIS 800m Dead Sea tourism project underway

Bercleys Group is building City Atlantic, a 110,000 square meter hotel, commercial, and conference complex at Ein Bokek.

08/05/2025 21:06 Real estate Galit Hatan
Trump drops Israel ties in talks with Saudi Arabia - report

According to a report by Reuters, the US president is no longer making normalization with Israel a condition of cooperation on a civilian nuclear program.

08/05/2025 19:48 Politics Globes correspondent
Nakash brothers Ampa Group files for huge TASE IPO

The size of the planned flotation has not yet been published but market sources believe that Ampa Group will try to raise NIS 700-800 million at a company valuation of NIS 3-3.5 billion.

08/05/2025 15:59 Real estate Hezi Sternlicht
Shekel gains sharply as markets rally

Both local and international market factors are boosting the Israeli currency.

08/05/2025 14:48 Market Globes correspondent
Pakistan claims success intercepting India's IAI suicide drones

Pakistan claims intercepting 12 of the Israel Aerospace Harop drones launched into their territory by India.

Israeli chip monitoring co proteanTecs raising $50m

The company, with the Intel CEO on its board, and set up by Mellanox veterans, tracks chip performance, monitors specific problems and fixes them remotely.

08/05/2025 07:18 Start ups Assaf Gilead
Tel Aviv new fast lane tolls unveiled

Details have been published about the fast lanes, along the Coastal Highway and the Ayalon Highway, which will be opened at the start of next year.

07 May 2025

Israel's forex reserves revalued at record high

Israel’s foreign exchange reserves at the end of April 2025 rose to $222.035 billion, an increase of $3.224 billion from their level at the end of March, the Bank of Israel reports.

07/05/2025 17:49 Economy Globes correspondent
British Airways cancels all Israel flights until mid-June

Foreign airlines continue to review their operations on routes to Israel.

07/05/2025 17:10 Tourism Stav Livne
US jury orders NSO to pay Meta $167m

In December US Judge Phyllis Hamilton ruled that the Israeli spyware company had violate WhatsApp for 'malicious purposes.'

07/05/2025 14:50 Legal Assaf Gilead
Israeli cybersecurity co Ox Security raises $60m

The company's technology, called Code Projection, essentially analyzes the behavior of the code and ranks vulnerabilities according to their level of risk.

07/05/2025 14:27 Start ups Meytal Vaizberg
Harel, George Horesh bid for Cal

The bid for Discount Bank's 72% stake in credit card company Cal is non-binding at this stage. Several foreign investment firms have also expressed interest.

Jeff Horing: Israel is better version of Silicon Valley

The Insight Partners cofounder and managing director has been in Israel to meet entrepreneurs, investors and senior figures in the tech industry.

07/05/2025 13:01 Start ups Meytal Vaizberg
Tel Aviv University medical school receives $125m donation

The donation, from Blackstone president Jon Gray and his wife Mindy, will enable the university's Faculty of Medical and Health Sciences to expand both in medical studies and research.

07/05/2025 12:09 Healthcare Gali Weinreb

06 May 2025

Immigration to Israel of US lawyers up 50% since war

American lawyers have been shifting their legal careers to Israel despite challenging times.

06/05/2025 19:28 Legal Adv. Jeremy Lustman
Israel claims Sanaa Airport out of action

The Israel Air Force carried out a second strike within 24 hours on Houthi targets in Yemen.

06/05/2025 18:52 Politics Dean Shmuel Elmas
State Comptroller uncovers misuse of gov't statutory funds

The funds, State Comptroller Matanyahu Englman finds, are used for purposes other than their original aims, sometimes as a small cash reserve to plug holes in the budget.

06/05/2025 17:51 Economy Oren Dori
Israeli maritime tech co Orca AI raises $72.5m

By helping mitigate accidents and operational issues, Orca AI says its autonomous shipping platform enables hundreds of vessels to save billions of dollars in potential damage each year.

06/05/2025 17:06 Start ups Globes correspondent
SolarEdge jumps on encouraging Q1 results

The Israeli solar energy company has also issued positive guidance for the second quarter.

06/05/2025 15:57 Energy Shiri Habib-Valdhorn
El Al, Israir stocks gain strongly as foreign carriers cancel

Controlling shareholders Kenny Rozenberg and Rami Levy have been the biggest beneficiaries of the suspension of flights by foreign airlines.

06/05/2025 14:49 Tourism Eitan Gerstenfeld
Scant competition inflates Israel's food price hikes

Food price rises in Israel are outstripping wage rises and food price hikes in other OECD countries.

06/05/2025 13:30 Economy Idan Eretz
Foreign airlines extend Israel flight suspensions

Many foreign airlines have suspended all Tel Aviv flights this week, as Israeli carriers have added flights to rescue Israelis stranded abroad.

06/05/2025 11:07 Tourism Stav Livne

05 May 2025

eToro launches Nasdaq IPO aiming for $4b valuation

The Israeli online trading platform has announced the launch of the roadshow for the flotation.

05/05/2025 18:40 IT Shiri Habib-Valdhorn
Chinese cars increase market share in Israel in 2025

Chinese car brands are also making inroads into the gasoline car sector as electric vehicle sales are down in a difficult year for importers.

Teva receives FDA approval for biosimilar

The FDA has ruled that SELARSDI, which Teva has launched with Alvotech, is interchangeable with Stelara for treating adult and pediatric psoriatic arthritis and plaque psoriasis, as well as Crohn's disease, and ulcerative colitis.

05/05/2025 16:08 Healthcare Shiri Habib-Valdhorn
Israeli airlines add flights as foreign carriers cancel

Many foreign airlines have canceled flights today and tomorrow and it remains unclear whether the suspension will be extended.

05/05/2025 15:06 Tourism Stav Livne
Shekel weakens amid security escalation

Mizrahi Tefahot Bank: The shekel is weakening due to increasing security tensions, expanding activity in Gaza, statements by the Houthis and Iran, and to some extent a correction.

05/05/2025 14:09 Market Aharon Katz
2025 budget won't cover long campaign in Gaza

As the IDF drafts tens of thousands of reservists, the consequence could be higher taxes, more civilian spending cuts, and a wider deficit.

05/05/2025 10:49 Economy Oren Dori

04 May 2025

Israel in advanced talks with US to buy JASSM missiles

Exclusive: Costing $1.5 million each, Lockheed Martin's JASSM cruise missile carries a 450 kilogram armor piercing warhead, and could be used to attack Iran.

Israeli startups raised $500m in April

Israeli privately-held tech companies have raised $2.6 billion in the first four months of 2025.

04/05/2025 17:20 Start ups Globes correspondent
Jerusalem Rehavia apartment fetches NIS 5.35m

The Balfour Street apartment on the corner of Ovadia of Bertinoro Street is just 30 meters from the prime minister's residence.

04/05/2025 14:48 Real estate Arik Mirovsky
BST teams with Phoenix, Menora on Canada housing

BST Group, The Phoenix Holdings and Menora Mivtachim will invest NIS 500 million in multifamily properties in Canada.

Apartments sold and rented

A selection of recent real estate deals in Israel in Ramat Gan, Bnei Brak, Bat Yam, Ariel, Nesher and Mitzpe Ramon.

04/05/2025 13:10 Real estate Nir Weiss-Vadraru
Flight cancellations feared after Ben Gurion missile hit

Planes headed for Tel Aviv turned around and others waiting to take-off disembarked passengers. El Al's share price has jumped.

04/05/2025 13:06 Tourism Stav Livne
eToro set for Wall Street IPO this week - report

The Israeli online trading platform, which postponed its flotation last month due to market volatility, is set to move ahead with the offering in the coming days, "Bloomberg" reports.

Missile from Yemen hits Ben Gurion Airport

The IDF assesses that attempts to intercept the missile failed. The airport has reopened, but flights have been diverted.

04/05/2025 10:19 Tourism Globes correspondent
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