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In the recently released Corruption Perception Index (CPI) for the year 2023, Israel has experienced a notable drop, falling to 33rd place with a score of 62. This comes after a positive shift in 2022, where Israel climbed five places with a score of 63, compared to the lowest score of 59 in 2021

About two weeks ago, Tesla registered a wholly-owned subsidiary called "Tesla Motor Israel". The reason for listing the company is probably the vehicle import regulations in Israel, which require a car importer to be a company, registered in Israel. According to the Companies Registrar, the Company's description is "Import, Distribution, Sale, Maintenance and Repair of Electric Vehicles and Stationary Energy Storage Equipment Systems, Energy Production Equipment, including Solar Panels, Solar Energy Systems, and / or Other Solar Energy Conversion Systems, and General All other energy...

The Israeli chip company Banias Labs of Mahod Hasharon, founded by the entrepreneur and investor Avigdor Vilanz, was sold to the Canadian company Alpha wave for $240 million in cash, according to an announcement published today on behalf of the companies

Israel Aerospace Industries (IAI) has announced its strongest first quarter in history, boasting impressive financial figures despite ongoing conflict. The company's order backlog stands at approximately $19.1 billion, representing a significant milestone in its operations. Financial Highlights: IAI reported a 48% increase in net profit to approximately $135 million, alongside positive cash flow from current operations totaling approximately $1,780 million. Sales volume saw a substantial increase to approximately $1,432 million, reflecting the company's robust performance in...

PwC Israel's mergers and acquisitions report for 2022 shows a 40% decrease in the number of merger and acquisition transactions, compared to a minor increase of 5% in the financial scope. The total number of transactions totaled approximately 18 billion dollars. 38% of the transactions were carried out by Israeli companies that also purchased other Israeli companies, totaling approximately 3.5 billion dollars

In a dramatic turn of events, Defense Minister Yoav Gallant has publicly criticized Prime Minister Benjamin Netanyahu's handling of the Gaza situation, igniting a heated debate within the Israeli political sphere

Israel government has initiated a relief program to support citizens affected by the war. However, the plan has drawn significant criticism for its limited scope and perceived inefficiency.Starting today, war-affected citizens can submit initial requests for assistance, with grants ranging from NIS 1,000 to NIS 5,000. The Ministry of Finance is expected to develop a comprehensive economic plan, including measures requiring approval from the Knesset's Finance Committee. The estimated cost of this program is approximately two billion shekels

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

The Israeli company, Sealantis which was established on the basis of technology developed at the Technion, was sold for $ 25 million and royalties from future sales to Advanced Medical Solutions (AMS) The company develops medical adhesives based on technology from the Technion, which mimics the mechanism of adhesion of algae to rocks under water. "This is a basic research inspired by a natural phenomenon that developed into applied technology, was patented and finally became a product that will enable hundreds of thousands of patients to be treated." Advanced Medical Solutions (AMS), a...

China's Sichuan Province's General Secretary, the highest-ranking official in the province of 87 million people, opened an innovation and business forum in Tel Aviv yesterday, attended by dozens of Chinese and Israeli businessmen Together with Party Secretary Mr. Peng Qinghua, a delegation of businessmen from southwest China arrived in the fields of agriculture, life sciences and software to expand ties with Israeli companies The visit of the general secretary of the Soochuan Party to Israel this week is the most important visit of a Chinese government official in Israel in 2019, to date....