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A few days ago, the Israeli government signed a contract with Amazon and Google, the happy winners of the first tender in the "Nimbus Project" for the provision of cloud services to the Israeli government sector. The winners will be required to establish cloud areas in Israel (Region) in the next two years; Until established, the winners will provide cloud services from the Netherlands, Germany and Ireland. The tender is valid for 7 years, with the possibility of extensions up to a period of 23 years in total. The Nimbus project is intended to enable government ministries, security bodies...

Oppenheimer, known for its strong research department, has maintained an "outperform" recommendation for Amdocs (DOX) stock while raising its target price from $99 to $109. The decision comes after Amdocs posted strong fiscal third-quarter results, showcasing annual revenue growth of 6.9% at constant exchange rates. Although the growth rate slightly decelerated compared to the previous quarter, the company remains strategically well-positioned in the cloud services sector, particularly among leading telecom companies undergoing digital transformation

In a crucial move to finance ongoing military operations, Finance Minister Bezalel Smotrich has announced the addition of NIS 13.5 billion to the 2023 budget. The decision, revealed in a letter to the Ministry of Finance, outlines a strategy to redirect a portion of coalition funds to support the war effort

The Korean Samsung and Israeli Amdocs announced a number of joint initiatives to accelerate the transition of telecommunications service providers to open cloud networks that provide the freedom and flexibility needed to innovate and improve the provision of G5 services in the market, with greater speed, scope and coverage for both private and business customers . Amdocs and Samsung Networks (Samsung Networks) will collaborate in the integration process (onboarding) and integrate virtual network functions so that telecommunications service providers can take advantage of Samsung's G5...

Israel Aerospace Industries has signed a NIS 1.2 billion ($ 350 million) contract with a major European state to sell intelligence aircrafts. Intelligence aircrafst are developed in the Elta division of Israel Aerospace Industries, the radar and intelligence house of Israel, a world leader in the field. Aerospace intelligence aircraft operate in Israel and many countries of the world and are considered to be strategically important. The aerospace industry is one of the few companies in the world with the ability to develop these unique technologies. The company's breakthrough in the field...

The Knesset plenum approved on second and third reading the economic assistance program - a one-time grant for each resident. According to the approved plan, every resident over the age of 18 will be entitled to a grant of NIS 750, and an additional grant of NIS 500 for each child up to the fourth child in the family. Starting with the fifth child, a grant of NIS 300 will be received for each additional child. Earlier, Social Security announced that if the law passes today, on Sunday the grants will be transferred only to parents of children under the age of 18, and later the rest of the...

The National Poverty Report published by the National Insurance Institute shows data on an increase in the poverty rate in Israel in 2018 - among the general population as well as among children and families. The couple employed - rose. For the first time after years in which inequality in Israel was reduced, in 2018 it began to expand. Internationally, the poverty rate among children in Israel remains higher in the OECD - more than in Chile and Mexico - when only in Turkey is the poverty rate among children higher.

Three Israeli universities were ranked among the top 100 universities in the world in 2021, in the Shanghai index, which is considered one of the main indices for university rankings. This is the first time since 2013 that three Israeli universities have managed to make the list. This is despite the government's attempts to harm their public status. The Hebrew University was ranked 90th in the ranking and as the leading university in Israel, after failing to make the list of the top hundred in the previous year. According to the ranking, the Hebrew University is ranked 25th in the world in...

The sites that were attacked on Tuesday by the group of hackers affiliated with Iran have not yet returned to work, meanwhile new and worrying details about the hacking of the dating site for the gay homosexual community "Atraf" have been revealed - and the hackers themselves are launching another $ 1 million payment demand. On Sunday afternoon, the telegram group of the hacker group Black Shadow wrote that "so far no one from the Israeli government or Cyberserve has contacted us. Obviously this is not an important issue for them. We know about the concern regarding Atraf's database, and...

Teva Pharmaceutical Industries, a leading pharmaceutical giant, has announced a notable annual revenue growth of 6.2% for 2023, bringing in a total of $15.8 billion. After enduring five consecutive years of decline, this resurgence is attributed to a substantial advance payment of $500 million received from Snoopy Pharmaceuticals as part of a collaborative effort on an innovative anti-TL1A drug