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In a recent hearing at the Knesset's finance committee, Professor Amir Yaron, the Governor of the Bank of Israel, voiced apprehensions regarding the potential downgrade of Israel's credit rating. Prof. Yaron acknowledged the increased risk premium since October 7, emphasizing the necessity for the government to implement challenging measures in the 2024 state budget to address economic concerns

The Dairy Council has filed a petition with the High Court challenging the recent decision made by Finance Minister Bezalel Smotrich to cancel the duty on milk imports for a period of three months. The Council is seeking an injunction against the move or, alternatively, an urgent discussion on the issue of canceling the duty on milk, which would allow for the import of milk into Israel for the first time

Winter time will begin tonight on October 30, 2022, Thursday in Sheshon Tashpag, the night between Saturday and Sunday. At 2:00 in the morning the hands must be moved back one hour to 1:00. With this, summer time will end, which lasts 219 days this year. Winter and summer time were determined according to the latest version of the "Time Law" from 1992, which was amended in 2013. The law states that "every year, during the period from the Friday before the last Sunday of March at 2:00 a.m. to the last Sunday of October at 2:00 a.m., the time in Israel will be advanced by one additional...

Cyber ​​company Varonis lays off 5% of its workforce. It is about 110 employees, with less than half being fired from the company's Israeli development center. Varonis' workforce swelled during the tidal period and the company currently employs 2,270 people while its annual revenue rate stands at approximately $470 million.

Intel's acquisitions in the Israeli economy amounts to more than $ 40 billion in a decade, according to the 13th corporate report published today by the International Monetary Fund (SDG) The 45th anniversary of Intel Israel, founded in July 1974 by Dov Frohman in Israel. In its 13th corporate responsibility report, Intel Israel lists a number of new economic and social data, including: an Israeli volunteer record - 6,000 volunteers per year, a 40% increase over last year, 60,000 volunteer hours, an increase of 33% The 5-second initiative, which has been in existence for the past five...

Israel's largest renewable energy project and one of the largest and most complex in the world, has completed the construction stage and is starting to operate commercially. From tomorrow, Negev Energy's thermal power plant at Ashalim will supply clean electricity to the national grid. Negev Energy received all the necessary approvals, including a permanent license for the generation of electricity from the Israel Electric Corporation, and it will begin tomorrow at the commercial operation stage of the nearby solar thermal power plant To Ashalim in the Negev. Negev Energy (50%), the Noy...

SAP announced the launch of its first SAP.iO Foundry for Tel Aviv. The Tel Aviv location is designed to help and support early stage business-to-business (B2B) startups build innovative software and deliver high value for SAP customers. The 12-week startup accelerator program commences in July 2019 and will comprise of up to 10 start-ups focused on deep technology and the intelligent enterprise to deliver incremental value to SAP’s customers. The official announcement was made on the main stage at OurCrowd Summit 2019, Jerusalem, by Ram Jambunathan, senior vice president and managing...

Meta, the parent company of Facebook, confirmed on Wednesday that it intends to lay off about 11,000 employees (about 13% of the workforce). Even earlier, the Wall Street Journal published this morning that its founder and big boss, Mark Zuckerberg, told hundreds of her managers in a meeting he held with them that the layoffs would begin today. This is the largest mass of layoffs this year in the technology industry

Hundreds of terrorists from Hamas and Islamic Jihad underwent advanced training in Iran just weeks before orchestrating a devastating attack on Israel. While this training was led by officers from Iran's Quds Force of the Revolutionary Guards, there is no concrete evidence suggesting that Iran specifically prepared these militants for the attack on Israel