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Israeli exports are expected to break a record this year and cross a threshold of 160 billion dollars - according to a forecast published by the Ministry of Economy. If the forecasts come true, the rate of increase in exports will be higher than 10% compared to 2021, which also recorded a record in Israeli exports. The Ministry of Economy says that the forecast for Israeli exports of $160 billion is conservative and that if the rate of growth in exports in the fourth quarter of this year is similar to the growth in exports in the first three quarters of 2022, it is possible that the volume...

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...

The Audit Committee and the Board of Directors of the Renewable Energy Company, Meshek Energy, approved the agreement under which the kibbutz economies will purchase 40.6% of the shares of Dalia Energies, which operates one of the largest conventional power plants in Israel, at a company value of NIS 3.18 billion. This is in exchange for the allotment of 68% of its shares at a company value of NIS 623 million. As part of the deal, Energy Farm, managed by Chen Melamed, will also acquire 50% of the shares of Mi-Ram, a company that distributes and supplies electricity in the kibbutz sector -...

The fares for travel in public transportation - buses and trains, are expected to become more expensive in July by about 12%, this is due to the increase in the input basket index of public transportation. Although the travel rates were always linked to the index and the increase was expected, the Ministry of Transport did not act to prevent it until now and even blame the previous government

In a surprising turn of events, cloud cybersecurity startup Wiz is reportedly considering the acquisition of Sentinel One, an established Israeli cybersecurity company, according to a recent Bloomberg report. This potential acquisition marks an unusual move in the tech industry, as startups typically do not acquire publicly traded companies. Sentinel One's shares experienced a 3.2% surge in Wall Street trading following the news

Data released by the Central Bureau of Statistics (CBS) reveals a robust performance in Israel's real estate sector, with April witnessing a notable surge in apartment sales despite a seasonal slowdown attributed to the Passover holiday. While the month recorded 6,892 apartment sales, marking a 13% decline from March figures, analysts assert that when adjusted for seasonal effects, April actually witnessed a 3.7% increase in sales compared to the previous month. Market Adaptation to New Interest Rates Spurs Growth A stark contrast is drawn to April 2023, where only 3,863 apartments...

Tuesday, the jury's selection phase for New York State's opioid lawsuit against Teva and another line of pharma giants, including Johnson & Johnson (JNJ) and Maxon (MCK), is set to begin. The purpose of the lawsuit is to prove that the companies took an active part in a false business conduct to make money, with the aim of receiving monetary compensation. Returning to the continuation of the legal proceedings is a turning point, which began with the plague, so quite a few proceedings stopped. Now that the U.S. is starting to get back to normal, not only will the trial in New York begin,...