Articles

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

In a significant development, the Regional Labor Court in Bat Yam has issued an order at noon on Tuesday, directing the striking doctors in Israel to immediately end their strike and return to work. The court's ruling emphasized that while a two-hour protest strike is within the right to protest, the ongoing strike, which has lasted more than seven hours, has exceeded reasonable limits. The strike was initiated by doctors in the public health system in protest of the legislation repealing the reasonableness clause in the Knesset

In a recent report by StartupBlink, a renowned international organization that monitors global startup ecosystems, Tel Aviv has taken an alarming lead as the city witnessed the highest number of startup companies leaving its once flourishing entrepreneurial landscape. The findings reveal that the entire startup nation is experiencing a mass migration to other locations, signaling a troubling downward trend for Israel's once vibrant startup ecosystem

In response to public concerns over a potential 12% increase in public transportation fares, the Israeli Ministry of Transportation and the Ministry of Finance collaborated on a comprehensive plan aimed at eliminating the price hike and encouraging greater usage of public transport. The multifaceted reform, spearheaded by Minister of Transportation and Road Safety Miri Regev, seeks to promote "transportation justice" and provide significant discounts to various segments of Israeli society

Credit rating agency Moody's released a report on Tuesday detailing developments in Israel's political landscape and their potential impact on the country's economy. The report raises alarm about the ongoing demonstrations and protests surrounding the coup d'état and highlights the risk of a constitutional crisis due to petitions against the bill submitted to the Supreme Court

The director general of the Ministry of Education, Assaf Tzalel, resigned from his position, in protest of the coup d'état legislation. In a statement he published, he said that "the rift we have reached does not allow me to continue to exercise my responsibilities properly, and that as a public representative he "wishes to take responsibility and end my duties." Education Minister Yoav Kish thanked Tzalel for his position and announced that the director of the Jerusalem district of the ministry, Meir Shimoni, would replace him as director general of the ministry

The government has authorized the transfer of NIS 165 million to support Torah institutions, resulting in a significant increase in the scope of coalition funds by an additional NIS 145 million. The total amount of coalition funds for 2023 is now expected to reach 5.8 billion shekels, surpassing the budget initially announced in February during the preparation of the government's budget

After facing significant delays and safety issues, the highly anticipated Red Line of the light rail system in Gush Dan is finally set to be officially inaugurated on August 18. The project, managed by the NTA Company, experienced multiple postponements over the course of two years due to safety problems, particularly concerning incidents of emergency braking

In a move that has sparked controversy and accusations of curbing the freedom of protest, Chief Avi Biton, the commander of the Central Police District, has imposed restrictions on demonstrations near the homes of ten members of the Knesset and ministers. The restrictions were implemented to address concerns raised during a government meeting about the lack of enforcement during protests near ministerial residences and following requests from members of the Knesset to limit demonstrations outside their homes

Solaredge, a leading manufacturer of solar panel converters and power amplifiers, disappointed investors with a weak forecast for its revenues and profitability in the third quarter of 2023. As a result, its shares plummeted by 12% in late trading. The company reported earnings of $120 million, equivalent to $2.12 per share based on US GAAP, for the second quarter of 2023. This was a decline from the $138 million profit in the first quarter of the year and $15 million in the same quarter in 2022.