Articles

State President Yitzhak Herzog said on Monday in his speech at the 27th Climate Conference that "the Middle East is on the brink of disaster." At the conference, held this year in Sinai, Egypt, Herzog said that "Here in Sharm el-Sheikh, I would like to repeat the firm commitment of the State of Israel to zero carbon and to transition from fossil fuels to renewable energy by 2050. But Israel is ready to take on a much heavier responsibility. Israel is right to lead the effort for Regional climatic resilience. I intend to lead the development of what I call a 'renewable Middle East', a...

At the end of three months of discussions, the National Planning and Construction Council announced that it had decided to immediately freeze dozens of urban renewal projects around the metro stations in the Gush Dan area, which include hundreds of apartments, and set restrictions on future projects at a distance of about 100 meters from the stations, which include a potential of tens of thousands New apartments. This, as part of the approval of the outline for the promotion of TMA 38 projects in the area of ​​TMA 70 - the national outline plan for the area of ​​the metro system in the Tel...

IDE Technologies won the tender for the construction of the seventh desalination plant in Israel, which will be located in the Western Galilee near Nahariya. IDE will build the plant and operate it for 25 years. The state will pay NIS 1.75 per cubic meter, a significantly lower price compared to previous tenders. The facility is expected to discharge approximately 100 million cubic meters of water per year, so the IDE Group's revenues from the facility are expected to reach nearly NIS 180 million per year. Another achievement in the tender is the installation of a pipeline several...

Veev, which develops innovative construction methods, is laying off more than 100 employees from its 400-strong workforce. At the development center in Israel, which employs 100 people, about 20 people will be laid off. Veev, founded by Ami Abrahami and Amit Heller, has developed capabilities for building modular homes. Veev's working method involves manufacturing complete and closed walls in the factory, so they pre-include systems such as plumbing and electricity. Assembling a house in the field takes about two weeks. The company stated in the past that they have all the necessary...

Palo Alto Networks acquires Cider Security for $300 million in a cash and stock deal. The transaction amount also includes a retention package for employees that will ensure that they remain with the company after the acquisition. According to sources involved in the transaction, it will be carried out in a combination of shares and cash, with the cash component amounting to $200 million, and $100 million in shares. This is Palo Alto's eighth acquisition in Israel, and the most prominent of them is the acquisition of the Israeli startup Demisto - in a huge deal of 560 million dollars in...

Camtech, which develops and manufactures test and measurement equipment for chip manufacturers, also presented record results in the third quarter of 2022 - in which it met the revenue forecast and exceeded the earnings per share forecast. In the third quarter of 2022, Camtech earned $21 million, which is 43 cents per share based on US GAAP, an increase of 12% compared to the corresponding quarter in 2021. Camtech's revenue, which is managed by Rafi Amit, grew by 16% compared to the corresponding quarter in 2021 - lower than the growth rate of 18% in the second quarter of the year - and...

"Israel is a start-up nation also in the field of smart cities, with many technologies being developed there, but in many cities in the country, especially in the periphery, this innovation is not implemented - and they are left behind. There is a big gap between innovation in general, and Israeli innovation in particular, in the field of smart cities and Its implementation in Israel," said Haim Bibbs, chairman of the Local Government Center. Biebs said the words at a reception held by the Israeli delegation to the international conference and exhibition of the smart cities at the Fira de...