Latest Articles
Category: Capital Market
The Israel Innovation Authority published its annual report today, summarizing the state of the country's high-tech sector since the outbreak of the Iron Swords War on October 7. The report highlights concerning trends, including a slowdown in recruitment, changes in the industry’s workforce composition, and declining attractiveness to foreign investors
Sep 24, 2024
Category: Capital Market
Senior officials in Israel’s economy, after meeting with economists from Standard & Poor’s and Moody's, have raised concerns that an all-out war with Hezbollah—and potentially Iran—could lead to an immediate downgrade of Israel’s credit rating. These meetings highlighted the rating agencies' apprehension about the continued conflict in Gaza and along the Lebanese border and the increasing strain on Israel’s fiscal stability
Sep 23, 2024
Category: Financial
The Central Bureau of Statistics (CBS) has released alarming data showing a significant increase in the number of Israelis emigrating and staying abroad for extended periods. In 2023, a total of 55,300 Israelis left the country, marking a 46.4% rise compared to the previous year. This translates to approximately 5.7 residents leaving per every 1,000 people living in Israel
Sep 22, 2024
Category: Law
According to a Ministry of Foreign Affairs statement, Israel formally submitted an objection today (Friday) to the jurisdiction of the International Criminal Court (ICC) in The Hague. The objection asserts that the ICC "lacks any authority with the case in question." Several other nations, including Germany and the United States, support Israel's stance. The objection also challenges the ICC Prosecutor Karim Khan's request to issue arrest warrants for senior Israeli officials, claiming it is illegal
Sep 20, 2024
Category: Government
An Israeli-Jewish businessman in his 70s, who had been living in Turkey for an extended period, was arrested last month on charges of security offenses. He is accused of having ties to Iranian intelligence officials and being recruited to assist in assassination plots targeting senior Israeli figures, including Prime Minister Benjamin Netanyahu, Defense Minister Yoav Gallant, and Shin Bet Director Ronen Bar. The Shin Bet (Israel Security Agency) and Israeli police revealed the details of the case today
Sep 19, 2024
Category: Law
The Tel Aviv Police Department, initially responding to what appeared to be a standard explosion, soon realized the severity of the incident when they discovered the bomb’s Iranian origins. The Shin Bet (Israel Security Agency) was brought into the investigation after it became clear that this was a terrorist attack rather than a criminal act
Sep 18, 2024
Category: Government
Tnuva, Israel's largest dairy company, has decided to close one of its two remaining milk bag production lines, significantly reducing the supply of the country's cheapest type of regulated milk. Despite the ongoing war in the south and military tensions in the north, Tnuva's move appears to be a strategic business decision, with widespread implications for consumers
Sep 18, 2024
Category: Hitech
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
Sep 12, 2024
Category: Government
The IDF has released the names of the two reservists who were killed in the crash of a Black Hawk helicopter on the Philadelphia route between Gaza and Egypt: Master Sergeant Daniel Elosh (37) from Tel Aviv-Yafo, and Master Sergeant Tom Ish-Shalom (38) from Ness Harim. Both men were experienced fighters in the elite 669 Airborne Rescue and Evacuation Unit
Sep 11, 2024
Category: Law
A young Israeli man was fatally injured this morning in a suspected drive-by attack near the Assaf intersection, close to the settlement of Beit El Binyamin. The IDF spokesperson reported that the driver of the gas tanker involved in the incident was neutralized at the scene and is currently in serious condition. IDF forces have set up blockades in the area as they search for additional suspects.
Sep 11, 2024
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