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Preliminary data from the Leumitech and IVC report for the third quarter of the year in the Israeli high-tech sector reveals intriguing insights into the industry's recent performance. While headline figures indicate a significant decline in investments, a closer look reveals encouraging signs of stabilization and recovery

In response to a sharp decline in international tourism amid ongoing conflict, Israeli hotels are rolling out a targeted effort to entice local vacationers. The Hotel Association, in collaboration with approximately 180 hotels nationwide, has announced a limited-time discount initiative aimed at stimulating domestic tourism during these challenging times. The promotion, effective immediately, offers a minimum 20% discount on all vacation bookings scheduled between June 18 and August 13, 2024. This 48-hour flash sale begins today at 13:00 and ends on June 20 at the same time....

The average credit to a household in Israel in 2020, the first corona year, amounted to NIS 246.6 thousand, most of which was bank credit. This is an increase of only 2.3% compared to 2019, when the average credit amounted to NIS 240.7 thousand. At the same time, this is a much sharper increase of about 17% compared to 2016, when the average household credit amounted to NIS 219.1 thousand.

A new report from the Manufacturers Association indicates that the downward trend from which Israeli exports are also suffering in the coming quarter, with a further decline of about 2%. This is at the same time as the output of Israeli industrial companies' overseas production lines is projected to jump 17%, after falling in the last quarter of 2019. President of the Manufacturers Association, Shraga Brosh: "The Bank of Israel should concentrate on its goals of strengthening the economy and improving the competitiveness of exports and will not act to introduce uncertainty in the Israeli...

The director general of the Ministry of Education, Assaf Tzalel, resigned from his position, in protest of the coup d'état legislation. In a statement he published, he said that "the rift we have reached does not allow me to continue to exercise my responsibilities properly, and that as a public representative he "wishes to take responsibility and end my duties." Education Minister Yoav Kish thanked Tzalel for his position and announced that the director of the Jerusalem district of the ministry, Meir Shimoni, would replace him as director general of the ministry

The Minister of Innovation, Science and Technology, Orit Farkash HaCohen, announced that she has issued a policy directive to the Innovation Authority, the main point of which is to set strict goals for significantly increasing the representation of ultra-Orthodox, Arabs, women, juniors and Israeli high-tech periphery. According to the Minister, this is a program based on comprehensive economic work carried out in recent months by the Ministry of Innovation, led by the Director General of the Ministry of Innovation, the Deputy CEO, Task Company and in collaboration with the Innovation...

About 60 students from Israel from 3 academic institutions (Tel Aviv University, Hebrew University and Interdisciplinary Herzliya) participated in the L'Oreal Marketing Innovation Competition - BRANDSTORM this year and joined 40,000 students who participated in the competition worldwide. The theme of this year's competition was sustainability: BUILD A PLASTIC-LESS FUTURE IN THE BEAUTY INDUSTRY, in collaboration with L'Oreal's consumer products division. Eighteen outstanding students rose to the final stage, and last week (19.5.20) the final competition was held, as the winning team from...

The grants announced by Prime Minister Netanyahu at the beginning of last week and promised to be paid by last Wednesday have not yet reached the bank accounts of Israeli citizens. Today, Sunday, the government approved the grants in the total amount of six billion shekels. However, it seems that not every citizen will receive the same grant in the coming days as Prime Minister Netanyahu announced. The proposals that will be summarized on Monday morning in the "Four Committee" of Prime Minister Benjamin Netanyahu, Defense Minister Bnei Gantz, Finance Minister Israel Katz and Economy...

An intriguing exhibit on the aerial shelf - Tiny helicopters without a pilot: IAI's multiplayer system will be presented for the first time in the coming days as an advanced technological technological solution for monitoring, observation, control and cargo transport tasks. Unlike the glider world, which is booming in the use of the IDF and other security bodies, the unmanned helicopters provide a dual advantage that lasts for prolonged stays in the air for several hours in a row and carrying heavier weights