Articles

Discount Bank reported a modest increase in net profit for 2024, reaching NIS 4.3 billion, up 2.1% from NIS 4.2 billion in 2023. However, the bank's return on equity (ROE) declined to 14.2%, compared to 15.7% in the previous year. Despite the slight dip in ROE, the bank posted solid results, driven by strong performance in the fourth quarter

An Israeli researcher’s recent report on her return to the University of Cambridge has raised alarm bells regarding Israel’s growing brain drain. Six years after completing her degree at the prestigious institution, the researcher found that the number of Israelis in Cambridge had quadrupled. This worrying trend poses the question: Is Israel’s intellectual brain drain intensifying?

In a groundbreaking deal, Alphabet, Google's parent company, has officially announced its acquisition of Israeli cybersecurity firm WIZ for $32 billion—$9 billion more than its initial offer from several months ago. This acquisition marks the largest ever made by an Israeli company, surpassing the previous record set by Mobileye’s $15 billion sale to Intel in 2017. It is also the largest deal in Alphabet's history, surpassing the $12.5 billion purchase of Motorola Mobility in 2011

Tens of thousands of people are currently protesting in Habima Square, Tel Aviv, demanding the immediate release of hostages held in Gaza and protesting against the Israeli government's political maneuvers, including efforts to oust Shin Bet chief Ronen Bar and Attorney General Gali Baharav-Miara. The protest is notably led by opposition leader Yair Lapid, among others, who are calling for an end to the ongoing war and for the safe return of the kidnapped individuals

Economists from Fitch, one of the world's top three credit rating agencies, visited Israel this week to meet with senior economic officials and express significant concern over the country’s political situation and the ongoing security escalation. According to one of the officials involved in the meetings, the Fitch representatives were "really worried and negatively surprised" by the current state of affairs. This has raised concerns that the agency may bring forward its report on Israel's credit rating, potentially issuing a warning of a downgrade if the situation doesn't improve

IAfter 18 hours of intense debate, the Knesset has passed the controversial law to change the composition of the Judicial Selection Committee, a key piece of the government’s legal revolution. The law passed in the early hours of the morning, with 67 Knesset members supporting it and only one opposing, MK Mickey Levy from the Yesh Atid party, who later claimed his vote was a mistake