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Sightec announces a $ 2 million seed investment round from the "Sherpa" "InnoVentures" and "Playfair Capital" funds. The investment will be used to further develop a spatial orientation system based on computer vision and artificial intelligence. The system allows aircraft with full or partial autonomy to orient, navigate, land and perform complex tasks in real time at high accuracy, even when there is a communication limit such as GPS blocks. IAI is among the largest customers of the start-up company

The Labor party and "Gesher" with Orly Levy-Abekasis stwill unite with Meretz and the Democratic unity. They will run together in one left party for the 23rd Knesset. At the conclusion of a meeting at the home of Labor chairman Amir Peretz in Sderot, Labor chairman-Gesher Orly Levy and chairman of Meretz Nitzan Horowitz. They agreed to unite for the upcoming elections. "Peretz and Horowitz intend to emphasize the gospel of significant unification and the hope for political change that will be the social heart and political compass of the next government after the end of the Netanyahu...

Captain Noam Ravid, 23, from Shaare Tikva, and Sergeant Yahli Sharor, 20, from Omer, were killed on Saturday during an IDF operation in Rafah. The two soldiers, members of the elite Yahalam unit of the Combat Engineering Corps, were killed when an improvised explosive device (IED) detonated while they were clearing a booby-trapped shaft

Prime Minister Benjamin Netanyahu's leadership is under scrutiny after a fresh rocket barrage from Gaza resulted in injuries and damage in southern Israel. This marks the heaviest firing since the resumption of hostilities, with at least three individuals reported injured in Ashkelon. Despite the new violence, Netanyahu's immediate response focused more on internal political tensions than the ongoing threat from Hamas

Fashion group Castro released its first-quarter financial results for 2025, revealing a sharp decline in net profit to just NIS 138,000, down from NIS 3.9 million in the same quarter last year — despite a notable 8.3% increase in revenue, which reached NIS 471 million

A class action lawsuit has been filed and approved against the Phoenix insurance company for health insurance policies issued by 2016. The scope of the claim is estimated to be NIS 125 million. This is a class action request that was filed in June 2015 and dealt with how the insurance company used to compensate policyholders who used the supplemental insurance of their health insurance fund rather than private insurance. The period during which the claim is concerned is June 2012 to June 2015. By 2016, private health insurance policies included a mechanism that would incentivize...

The average monthly income of the upper decile is 12 times greater than the income of the lower decile - according to a report from the Ripple Center, published Wednesday, which shows an increase in income gaps between the rich and the poor. In addition, the report shows that most rental income goes to the top deciles and that the middle class in Israel is the smallest in the OECD countries. According to the report, in 2018, the average gross income of households headed by an employee was NIS 66,584 in the top decile - compared with 5,501 in the lower decile only. In the last three years,...

In a devastating overnight missile barrage by Iran, six people were killed and over 200 were injured in the cities of Bat Yam and Rehovot, as two direct hits leveled residential buildings and caused massive destruction. Among the dead are a 10-year-old boy, a young girl, and two elderly women. Authorities continue to search for seven missing persons as rescue operations stretch into Monday