Articles

The Innovation Authority's report shows that Israeli high-tech workers, who constitute about 10% of the employees in the economy, are responsible for about sixty percent of the income tax receipts from employees in Israel. According to the report, the high-tech companies are responsible for 43% of Israeli exports and 40% of the value of the companies in the Tel Aviv 35 index of the large companies on the Tel Aviv Stock Exchange. The employees of the R&D centers of the multinational companies in Israel are relatively responsible for tax payments that are six times larger than their share...

The industrial cyber company Clarotti raised $ 140 million in Round D. The company declined to state the value at which it raised, but learned that it stands at $ 1 billion. This is the company's first recruitment since 2018. The round was co-led by Bessemer Venture Partners' Century II growth fund, set up to invest in market-leading companies, and 40 North, the investment arm of global industry giant Standard Industries. Other strategic investors who participated in the round are LG and I Squared Capital's ISQ Global InfraTech Fund. In addition, all previous investors in Clarotti -...

Vianai Systems, a Human-Centered AI platform and products company, today announced that it has raised $140M in a Series B financing from SoftBank Vision Fund 2* and several industry luminaries. Vianai will use the new capital to accelerate the delivery of its human-centered AI platform and products to enterprises worldwide. For many enterprises, AI has not lived up to its hype. AI's true potential originates from the ability to put humans at the center of technological solutions. Vianai’s pioneering human-centered AI approach amplifies human judgment thus empowering domain experts...

Since the beginning of June, the infection rate in Israel has risen gradually and as of 9.6 was 1.53, which indicates the spread of an epidemic, according to data from the Ministry of Health. It should be noted that the coefficient of infection is calculated in the last 10 days reflecting the period of time taken as a safety factor between the infection and the result. In recent days we have witnessed new outbreaks in various places in Israel. Last week, 11 sixth-grade students at Asif Elementary School in Modi'in became infected when 90 students went into isolation. Also, 45 students...

A week after returning to the Ministry of Communications, the current Minister, Yoaz Handel, signed a reform that put an end to the split between the supplier and the infrastructure in the Internet market. It means for consumers to create one and only one writer to purchase the services as well as to troubleshoot. The reform, which will take effect at the beginning of next year, is intended to put an end to the phenomenon of "throwing responsibility" between ISPs and infrastructure owners over malfunctions in an effort to raise the standard of service in the industry. It is also expected...

The government has approved the establishment of a state commission of inquiry to look into the events that led to the Meron disaster. 52 days after 45 people lost their lives and hundreds more were injured to varying degrees, a committee will be set up headed by a judge that will include four other members besides him. The state will allocate NIS 6 million to the administration of the courts on a one-time basis, as well as 5 temporary manpower standards that will be used for the committee's expenses. The resolution approved at noon (Sunday) states that "the committee will investigate the...

The number of recipients of academic degrees has decreased by 3%, from 79,600 in the 2018/19 school year to 77,200 in 2019/20. A particularly high decrease of 6.4% was recorded in the number of master's degree recipients from 25,700 to 24,000 and in particular in academic colleges (13.4%). There was a more moderate decrease in undergraduate recipients (1.5%). This is according to data on recipients of academic degrees in 2020, published today by the Central Bureau of Statistics. The decline is due, among other things, to the slowdown in the number of students in recent years

Over-planning, excess supply in the periphery and a severe shortage of apartments in areas where most Israelis want to live - these are the main problems arising from a follow-up report published by the National Economic Council in the Prime Minister's Office for the 2040-2017 strategic housing plan. According to the report, edited by Nir Brill, Daniel Schwartz, Avraham Zofnik, the most acute shortage among Jewish localities in Israel is in the heart of the demand areas - in the Tel Aviv and Central districts, where more than 70,000 housing units are missing. Last week by the Central...

At a meeting of the Finance Ministry's management this morning, Finance Minister Avigdor Lieberman announced that after a discussion with the ministry's professionals, he approved in principle Israel's joining the proposed digital economy taxation outline, ahead of the outline approval by the OECD designated committee on June 30, 2021. Lieberman: "The economy is becoming more and more global and we are required to take policy measures in cooperation with other countries. The Ministry of Finance will work to ensure that the Israeli economy meets international standards in various fields,...

Prime Minister Naftali Bennett recommends that the Israeli public not make non-essential trips abroad. During a tour of Ben Gurion Airport, Bennett said that there may be significant changes in the policy of departure and entry into Israel. "If you have not yet booked a flight abroad and you do not have to - do not book," he said. "Whoever does not have to go abroad - who did not go. This is not a guideline but a recommendation. Travel the country. The contagion incident in Binyamina originated in a family returning from a vacation in Cyprus, not a red country - and became infected. We will...