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Category: Law
According to a Ministry of Foreign Affairs statement, Israel formally submitted an objection today (Friday) to the jurisdiction of the International Criminal Court (ICC) in The Hague. The objection asserts that the ICC "lacks any authority with the case in question." Several other nations, including Germany and the United States, support Israel's stance. The objection also challenges the ICC Prosecutor Karim Khan's request to issue arrest warrants for senior Israeli officials, claiming it is illegal
Sep 20, 2024
Category: Politics
Chairman of the State Right Party, MK Gideon Sa'ar, has informed Prime Minister Benjamin Netanyahu of his decision to decline the position of Minister of Defense, citing the current situation with Hezbollah. This marks the first time Sa'ar publicly acknowledged that the offer was extended, despite previous denials from the Prime Minister’s Office
Sep 21, 2024
Category: Financial
The Central Bureau of Statistics (CBS) has released alarming data showing a significant increase in the number of Israelis emigrating and staying abroad for extended periods. In 2023, a total of 55,300 Israelis left the country, marking a 46.4% rise compared to the previous year. This translates to approximately 5.7 residents leaving per every 1,000 people living in Israel
Sep 22, 2024
Category: Capital Market
Senior officials in Israel’s economy, after meeting with economists from Standard & Poor’s and Moody's, have raised concerns that an all-out war with Hezbollah—and potentially Iran—could lead to an immediate downgrade of Israel’s credit rating. These meetings highlighted the rating agencies' apprehension about the continued conflict in Gaza and along the Lebanese border and the increasing strain on Israel’s fiscal stability
Sep 23, 2024
Category: Financial
The software giant Salesforce announced this evening (Tuesday) the acquisition of the Israeli company Zoomin. The amount of the deal has not been published, but according to estimates the amount that Salesforce will pay in the first stage is approximately $350 million and may increase to $450 million after the addition of personal rewards to the company's employees and entrepreneurs, subject to a series of conditions
Sep 24, 2024
Category: Government
US President Joe Biden addressed the United Nations General Assembly on Tuesday, stating that a diplomatic solution to end the conflict between Israel and Hezbollah is still possible. Biden emphasized the need for both sides to accept a ceasefire agreement, adding that "too many families have lost their homes,"
Sep 24, 2024
Category: Capital Market
The Israel Innovation Authority published its annual report today, summarizing the state of the country's high-tech sector since the outbreak of the Iron Swords War on October 7. The report highlights concerning trends, including a slowdown in recruitment, changes in the industry’s workforce composition, and declining attractiveness to foreign investors
Sep 24, 2024
Category: Government
Prime Minister Benjamin Netanyahu has backtracked on a ceasefire agreement with Lebanon that he verbally supported in talks with the U.S. and France, following intense political pressure from his coalition in Israel, diplomatic sources revealed Thursday. Initially, Netanyahu, along with Minister Ron Dermer, had been regularly updated and gave their blessing to the American-French proposal for a temporary ceasefire. However, during his flight to the U.S., Netanyahu reversed course after facing criticism from within his government
Sep 26, 2024
Category: Health
On Friday, Israeli Prime Minister Benjamin Netanyahu delivered a charged speech at the United Nations General Assembly in New York, as dozens of diplomats walked out in protest. Netanyahu, undeterred, spoke about Israel’s fight for survival, stressing that the country seeks peace but is surrounded by enemies intent on its destruction
Sep 27, 2024