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Preliminary data from the Leumitech and IVC report for the third quarter of the year in the Israeli high-tech sector reveals intriguing insights into the industry's recent performance. While headline figures indicate a significant decline in investments, a closer look reveals encouraging signs of stabilization and recovery

US State Department declared on Wednesday that Israel has been officially accepted into the Visa Waiver Program. This historic announcement has been eagerly awaited by many Israelis, giving rise to both anticipation and inquiries. Under the new regulations, Israeli travelers intending to visit the United States will need to register online through the US government's Electronic System for Travel Authorization (ESTA). ESTA is an automated system designed to determine eligibility for entry into the US under the visa waiver program. Applicants will be required to complete an online...

In a recent inspection conducted by the fintech company Bizzy during the first quarter of 2023, concerning the financial health of small businesses in Israel, startling revelations have emerged. The inspection, which encompassed nearly 1,000 bank accounts representing approximately 800 small businesses, has shed light on the critical role of credit lines, their utilization, and the associated costs

NICE, a prominent developer of software systems for customer service centers, fraud prevention, and money laundering detection, has strategically invested $1.7 billion in cash to bolster its AI capabilities and broaden its customer base. This move is set to not only enhance its market position but also allay concerns within the industry about the potential impact of advanced AI technologies like ChatGPT on NICE's future growth prospects

Teva, the Israeli pharmaceutical company managed by Richard Francis, has announced a strategic collaboration with the French pharmaceutical giant Sanofi. This partnership marks a crucial step for Teva in realizing the potential of its most promising drug, TEV-48574, aimed at treating autoimmune diseases of the digestive system, including Crohn's disease and ulcerative colitis

In the midst of a challenging security situation, foreign airlines are canceling numerous flights to and from Israel, leaving many Israelis stranded abroad. Lufthansa, Swiss Air, Wise Air, Turkish Airlines, and Lot Polish Airlines are among the carriers that have already suspended their services. As a result, Israeli airlines are grappling with a surge in demand for available seats on their flights

Bank of Israel has revealed plans to sell up to $30 billion of its foreign exchange reserves in response to the ongoing security crisis. This marks the first time such a move has been made since the initiation of free trading in the exchange rate. The announcement came even before trading in the dollar opened, aimed at preemptively addressing potential market overreactions

In the wake of the ongoing "Iron Swords" war, the Ministry of Finance has announced plans to allocate billions of shekels to finance the conflict. Finance Minister Bezalel Smotrich has expressed concerns about the government's delayed response in addressing budgetary needs during the crisis

United States Army's Central Command (CENTCOM) has deployed the USS Gerald Ford, a formidable aircraft carrier, to the region. While the exact distance from Israel's shores was not disclosed, CENTCOM stated that their goal is to "deter any player who seeks to escalate the situation and expand this war." The USS Gerald Ford is accompanied by eight squadrons of attack and support aircraft, as well as a missile patrol and four missile destroyers

The International Monetary Fund (IMF) has sounded the alarm on the deceleration of the global economy's recovery, exacerbated by the ongoing conflict in Israel. The New York Times highlights the IMF's concerns, pointing to the increasing challenges in safeguarding against unforeseen global economic shocks