Hitech

The Bezos Earth Foundation, spearheaded by Amazon founder Jeff Bezos, has decided to withhold its planned $30 million investment in establishing a center of excellence for foodtech in Israel. The decision, attributed to the ongoing war in the region, comes as a blow to Israeli universities Technion and Hebrew University, which had submitted proposals and received praise for their innovative approaches. Uncertainty Halts Funding In a recent communication to research teams, the Bezos Earth Foundation cited "uncertainty surrounding the war" as the reason for not proceeding with the...

Joseph Borrell, the head of the European Union's foreign policy, announced at the World Economic Forum in Riyadh that several European member states are poised to recognize a Palestinian state by the end of May. While specific countries were not named, recent statements from European leaders suggest a growing momentum toward formal recognition

Israel Aerospace Industries (IAI) has announced its strongest first quarter in history, boasting impressive financial figures despite ongoing conflict. The company's order backlog stands at approximately $19.1 billion, representing a significant milestone in its operations. Financial Highlights: IAI reported a 48% increase in net profit to approximately $135 million, alongside positive cash flow from current operations totaling approximately $1,780 million. Sales volume saw a substantial increase to approximately $1,432 million, reflecting the company's robust performance in...

Intel's suppliers recently received notices of contract cancellations, halting equipment and material supplies for the expansion of the company's new factory. The Ministry of Finance was aware of Intel's decision to halt the expansion

In a significant legal development, the Supreme Court of France has ruled in favor of Israeli defense manufacturers, ordering the cancellation of a ban that had prohibited Israeli companies from participating in the ongoing Eurostory weapons exhibition in Paris. This decision comes after a contentious legal battle that involved multiple French courts and drew international attention

Lt. Col. Yossi Shariel, commander of Israel’s elite Unit 8200, announced his resignation today (Thursday) following the unit’s failure to foresee the October 7 attack. In a letter to unit members, Shariel expressed deep regret over the incident, stating, "At 06:29 on October 7, I did not fulfill the task as expected of me, by my subordinates, commanders, and the citizens of the country that I love so much

Israel Aerospace Industry officially opened its new Ofak factory for electronic production in Ofakim, following an investment of NIS 50 million. This inauguration comes just seven months after the company's Board of Directors approved the proposal by Chairman Amir Peretz

The Mossad and the United Arab Emirates (UAE) intelligence agencies have launched an investigation into the disappearance of Zvi Kogan, a Chabad emissary in Abu Dhabi. Kogan, an Israeli-Moldovan citizen, went missing on Wednesday, sparking fears that he may have been kidnapped or murdered by terrorist elements. Early assessments suggest that the incident could be linked to Iranian operatives in the UAE, with intelligence agencies working together to uncover what happened