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In a significant turn of events, sthe Electric Company announced the cancellation of the tender for the purchase of the Eshkol power plant in Ashdod. The tender was a pivotal part of the government's ambitious plan to privatize the electricity sector, but it encountered unforeseen challenges. During the bidding process, one of the bidders, the Dalia Group, put forward an impressive offer of over NIS 12 billion for the power station, surpassing all expectations. However, it was later revealed that the winning bidder was unable to fulfill the terms of the deal, creating an uncertain...

In October, Israel's official unemployment rate stood at a seemingly low 3.0%, reflecting 133,000 unemployed individuals. However, the recent conflict has drastically altered the employment landscape, leading to a surge in job losses. Despite the reported decrease to 3.4% in the previous month, the true impact reveals a different story

The European Union's Minister of Foreign Affairs, Joseph Borrell, has announced his intention to request a joint decision from EU member states to impose sanctions on Israeli Ministers Bezalel Smotrich and Itamar Ben Gvir. Borrell's proposal requires the unanimous approval of all 27 EU countries, a challenging prospect given the political diversity within the Union. However, the mere discussion of such sanctions marks a significant shift in international approaches to dealing with extreme right-wing figures in Israel

The wave of layoffs in the economy is expanding. High-tech companies are not the only ones that are laying off workers, and it turns out that other companies on the fringes of technology are also parting ways with hundreds of workers. The Bezeq management signed a collective agreement with the representation of the 3,000 employees of the subsidiaries Pelephone and Bezeq International - the parties announced. Along with enshrining various benefits for employees, including general wage increases and unique wage increases for low wage earners, it was agreed that within the framework of the...

In a major development for the aerospace sector, a leading defense company announced a $1.9 billion contract to supply weapons to a foreign nation

In Breslona, ​​the third day of the MWC cellular exhibition takes place. The Israel Export Institute said that the Israeli pavilion is a pilgrimage site. One hundred and twenty Israeli companies are participating in the exhibition this year, sixty-five of them in the Israeli pavilion. The exposure of Israeli technologies is arousing great curiosity among visitors. So far, more than two thousand business meetings have been held with representatives of the giant companies Samsung, Google, Mercedes, Volvo, Toyota Varizon and many others

Residents of numerous localities across Israel are gearing up for a crucial second round of mayoral elections on March 10. Following initial voting held on Tuesday, none of the candidates managed to secure more than 40% of the votes, necessitating a runoff between the top contenders

In a significant development within the cybersecurity industry, the French Thales Group has reached an agreement to acquire the Israeli information security company Imperva for an impressive $3.6 billion. The deal, expected to be finalized by the end of the year, will mark a remarkable turn of events for Imperva, which had been purchased by the American Thoma Bravo Fund for $2.1 billion in 2018