Updates
Red Mail
25°
Tel Aviv-Jaffa
Main
News
Jewish World
Magazine
Health
Culture
Opinions
Vesty
Español
עברית
More
Search
Ynetnews Channels
News
Magazine
Mideast News
Art&Culture
Travel
Business
Tech
More Channels
Weather
yschool
Art
Advisor
More sites
Ynet
Calcalist
yad2
ynetespanol
vesty
mynet
Contact
Contact us
Privacy Policy
Terms of Use
Business
>
Business
From friends to foes: how Israel and Iran were once close allies
Iran's attack on Israel marked another dangerous milestone in the rivalry between the two nations but historically, they had fruitful relations, including oil, infrastructure and defense collaboration, until the 1979 Islamic Revolution ended all ties
Dan Raban
|
10:19 | 04.23.24
Israeli defense industry sees impressive rise after Iranian attack
Tehran's unprecedented attack against Israel showed off the countries' impressive defensive capabilities, leading to hikes in stock prices and billions of dollars in new orders
Navit Zomer
|
17:31 | 04.20.24
Iran flareup sealed fate of Israel's credit ranking, but it's not the only problem
Commentary: Iran's attack on Israel and government's firm response prompt S&P to downgrade Israel's credit rating; officials concerned absent economic reform and continued large-scale spending on non-growth sectors, more downgrades may soon follow
Gad Lior
|
15:55 | 04.19.24
Israel restricts scrap metal exports to Turkey
Roughly 90% of Israeli scrap metal exports intended for Turkish steel industry; despite Ankara's embargo on Israel due to Gaza war, Economy Ministry says measures due to ongoing steel and iron shortage for local industry
Yuval Azulay, Calcalist
|
12:28 | 04.19.24
S&P cuts Israel's credit rating amid Iran tensions
Rating agency cuts long-term ratings to A-plus from AA-minus as geopolitical risk in Middle East grows
Ynet
|
11:44 | 04.19.24
Google workers protest company's Israel contracts by occupying CEO's office
Employees barricaded themselves in the Google Cloud offices in California and New York, and demanded that the company cease 'business with the apartheid government and the Israeli military'
Calcalist
|
16:02 | 04.17.24
Tesla to lay off 10% of workforce, 14,000 jobs on the line
Elon Musk says rapid growth led to redundant roles and positions in some areas and emphasizes necessity of scrutinizing every aspect of company
Calcalist
|
23:00 | 04.15.24
Learning from Deaton: can Israeli economics break free from failed models?
Israel, which is under an economic, security and social crisis, has been making the same mistakes for twenty years, so what needs to be changed?
Amit Ben-Tzur
|
22:56 | 04.15.24
Chinese company disqualified from Haifa Port tender
Israel Ports Authority's Tender Committee affirms decision to disqualify China Harbour Engineering Company from bidding due to national security concerns, despite Chinese claims board overlooked National Security Council recommendations
Lital Dubrovitsky
|
20:09 | 04.14.24
Ankara's ban on trade with Israel harms Turkey, putting actual implementation in doubt
Banned products would arrive in Israel either through third parties or different providers, causing ban to impact only in short term; for Turkey, comprehensive ban on trade with Israel more problematic
The Media Line
|
17:55 | 04.11.24
Nike or Nai-ki? These are the popular companies and brands that people mispronounce
Research in the UK found that the American footwear and clothing giant leads the monthly Google search for the correct pronunciation of its name, with 25,500 searches; Hyundai is in second place and Volkswagen is third
Ynet, News Agencies
|
15:53 | 04.10.24
Cosgrave back at Web Summit after being forced out over anti-Israel posts
Paddy Cosgrave resumes role as CEO of international tech conference operator after stepping down due to loss of sponsorships triggered by anti-Israel social media posts following Hamas attack
Viki Auslander
|
10:10 | 04.10.24
S&P economist initiate talks to rate Israel's credit
Global ratings firm to talk with Governor of the Bank of Israel, Finance Minister, Accountant General , Head of the Budget Department, and other senior officials to determine their decision
Gad Lior
|
00:03 | 04.09.24
McDonald's Israel sale to corporate completed in 2 months
Corporation admits first quarterly sales drop amid pro-Palestinian boycott and while local franchise profitable, loss of revenue globally higher
Orna Yefet
|
19:06 | 04.08.24
12-year-old TikTok star opens self-employment file with Tax Authority, surprising officials
Jonathan Grosman, who is known for his entertaining interviews on social media, has become the youngest business owner in Israel; 'The number of people who have turned to me for business collaborations has increased greatly. Influencers earn tens of thousands of shekels from creating content'
Gad Lior
|
15:50 | 04.08.24
'Sale of McDonald's Israel is an earthquake in the business world'
Restaurant industry stakeholders trying to assess what led to McDonald's Global's decision to acquire its operations in Israel; 'I find it hard to believe this move aims to prevent actions like donations to IDF'
Navit Zommer
|
08:40 | 04.08.24
Tesla is raising prices globally but not in Israel; why is that?
EV giant raised prices in Europe and the US last month, but Israel was spared due to intense local market competition; whether this remains the case hinges on competitors' moves
Tomer Hadar/Calcalist
|
22:01 | 04.06.24
Ireland divests millions from six Israeli companies, report says
Irish government's sovereign wealth fund says will unload holdings in 5 Israeli banks and supermarket chain due to operations in West Bank settlements
Calcalist
|
20:50 | 04.06.24
After more than 30 years, McDonald's Israel to be sold to McDonald's Global
Global firm seeks new franchisee, affirming commitment to Israeli market; sale date unspecified; 225 branches and 5,000 jobs in Israel remain
Meirav Crystal
|
13:36 | 04.05.24
Despite security tension, shekel strengthens against dollar at market close
After the shekel weakened in recent days, it strengthened again against the dollar, whose representative rate was set at 3.71 shekels; At the same time, the Tel Aviv Stock Exchange was down over security tensions
Gad Lior
|
21:37 | 04.04.24
36 Israelis make the Forbes Billionaires list for 2024; Who is num. 1?
Five new Israelis make the list including the four founders of WIZ and the founder of Monday.com indicating the prominence of the tech industry in billionaire making; richest man on earth remains Bernard Arnault
Calcalist
|
19:43 | 04.03.24
Northern Israel tourism collapsing: 'As of October 7, not a single tourist came'
Business owners in the northern tourism sector are despairing over the situation that has persisted for over half a year: 'Everything is at a standstill, and we don't see any hope or return to normalcy' guesthouse owner says
Iris Lifshitz Klieger, Yair Kraus
|
12:03 | 04.03.24
'We could have national power outages lasting days,' electricity grid monitor says
National Emergency Management Authority head Yoram Laredo warns a war with Hezbollah will disrupt Israeli supply chains and power grids, leading to massive blackouts
Yuval Azulay/Calcalist
|
00:24 | 04.03.24
Hyundai Ioniq 5 is first autonomous car ever with a driver's license
Hyundai's successful electric car was equipped with advanced autonomous systems and went through a rigorous practical driving test in Las Vegas, which it passed successfully; The American public is not yet convinced that it is safe without a driver, but maybe now they will be
Yoel Schwartz
|
17:20 | 04.02.24
Israeli high-tech raises $3.1 billion since beginning of war
Startup Nation Central report highlights despite facing significant challenges, including 15% of workforce being called up for reserve duty and near total air blockade on Israel, local startups continue to thrive
Sophie Shulman
|
20:05 | 03.31.24
Iconic Tupperware has doubts about ability to continue
Plastic food storage seller says likelihood that it can continue funding it operations is questionable among lower sales figures and challenging financial conditions
Reuters
|
11:49 | 03.31.24
Israel ranks among top 20 countries with most billionaires
Israel adds nine new billionaires despite war, according to Hurun global wealth ranking; even the veterans on the list improved their positions
Daniel Edelson, New York
|
19:07 | 03.30.24
Israel confirms modest showcase at Japan world expo amid war
After pushing the decision to the eleventh hour, Israel informs Japan it will participate in Expo Osaka 2025, opting for a modest pavilion akin to those of developing nations due to budget constraints amid the war
Itamar Eichner
|
17:29 | 03.30.24
Bill Ackman on Tel Aviv Stock Exchange deal: 'Wanted to buy more'
Following up with his purchase of nearly 5% of the Tel Aviv Stock Exchange, the Jewish billionaire endorses stock calling it a 'bargain'
Sophie Shulman/Calcalist
|
11:40 | 03.30.24
American military aid procurement might be in jeopardy, economy officials say
Israel-America Chamber of Commerce officials say that in the near future the U.S. might completely disallow converting hundreds of millions of dollars of aid money from to NIS, preventing the purchase of Israeli-made military products and services altogether
Gad Lior
|
19:41 | 03.29.24
Crocs are making a comeback in Israel
The plastic shoes deemed 'ugly' are again in demand and, following an increase in sales, Crocs stores will open again here; First store sites will be in Eilat and Tel Aviv
Meirav Crystal
|
10:41 | 03.28.24
Embracing self-reliance, IDF orders 20,000 made-in-Israel M4 rifles
Following Canada's Israel arms embargo due to criticism of Gaza war, Defense Ministry issues tender for purchase of M16-style assault rifles, with 51% of their parts to be locally manufactured
Navit Zomer
|
09:54 | 03.28.24
Rafael ends 2023 with record sales of NIS 14 billion
2023 orders totaled NIS 52 billion, with a net profit of NIS 588 million, as sales in the fourth quarter reached NIS 4.5 billion, primarily comprising international orders but also influenced by the war in Gaza
Navit Zomer
|
19:53 | 03.27.24
How Apple and US-China tensions ultimately led to closure of Orbotech division
Five years after its acquisition by US company KLA, the flat panel display division at Orbotech is set to be closed, with the initial number of 100 layoffs expected to double by the end of the year
Sophie Shulman/Calcalist
|
00:21 | 03.26.24
There is an economic benefit to daylight saving time
Extra hour of daylight every day starting from this coming weekend for 7 months will lead to significant energy savings for both industries and households; Additionally, it will boost demand for leisure, entertainment and tourism
Gad Lior
|
23:28 | 03.25.24
As defense dynamics shift, Israel Aerospace Industries on global upswing
Post-Ukraine conflict, security product demand surges, driving company to expand abroad; in India, a partnership forms to support sold electronic systems; in Germany and UK, new affiliates focus on marketing and sales
Navit Zomer
|
17:12 | 03.20.24
Purim costume sales drop by 7% this year as war continues
Costume marketer says it's clear there's a slowdown, as Israelis find it hard to be happy in such times; market revenues expected to drop to 126 million shekels, compared to 135 million shekels in 2023
Meirav Crystal
|
12:52 | 03.20.24
GWM showcases electric Aura 07 model heading to Israel
Drawing inspiration from Porsche, the model's lackluster engine leaves more to be desired out of a new competitor in the Israeli automobile market
Yoel Schwartz
|
07:12 | 03.20.24
Eilat port struggling to keep afloat due to Houthi threat, CEO says
The Houthi attacks in Bab el-Mandeb strait have completely halted the trade activities of the Port of Eilat, placing it in a complicated financial situation
The Media Line
|
23:50 | 03.19.24
Unilever to spin off ice cream business, plans to cut 7,500 employees
Move, which will unload popular brands such as Ben & Jerry's and Magnum, expected to be completed by end of 2025 and save some $869 million over next three years
Calcalist
|
17:49 | 03.19.24
Mobileye to cut 130 jobs in division closure
The aftermarket solutions division offering retrofitted advanced driver assistance technology sees a significant drop in revenues, falling to approximately $40 million annually
Meir Orbach
|
23:49 | 03.18.24
Purim in the shadow of war: some vendors pass up selling cap guns, firecrackers
Many large toy stores and chains took firecrackers off the shelves this year; but many are still selling cap guns, which may cause anxiety attacks and panic in the shadow of the October 7 trauma
Iris Lifshitz Klieger
|
11:35 | 03.18.24
Special labels will mark fruits and vegetables from regions affected by Gaza war
'Grown in Gaza border region and Western Negev' labels will appear on produce in bid to support southern Israel farmers afflicted by war
Navit Zomer
|
09:38 | 03.18.24
US cyber giant Zscaler acquires Israeli startup Avalor for $350 million
The Israeli startup, which raised $25 million in Series A funding last April, will operate as an independent unit within Zscaler and continue the development of its data solutions to enhance Zscaler's cloud security platform
Meir Orbach
|
18:16 | 03.15.24
2023 was most profitable year for weapons sales
Israel Aerospace Industries sees best year in arms sales amid war in Ukraine and in Gaza with profit up 49%; Subsidiary producing Iron Dome and David Sling's radars also sees arms sales soar
Navit Zomer
|
17:02 | 03.14.24
New apartment sales rally 44% in January after war slump
Central Bureau of Statistics data indicates revival in Israeli real estate market at start of 2024 after year of stagnation; January sees 7,887 apartment sales, up 18% from previous year, including 3,750 new units
Hila Tsion
|
15:53 | 03.14.24
Danish pharma giant zooms past Tesla with new weight loss drug
Novo Nordisk market value soars past automaker's on news of successful clinical trials; meanwhile, its Wegovy weight loss injection gaining popularity, with doctors poised to prescribe it before pill's widely available
Dr. Lior Neuman
|
22:46 | 03.11.24
Reverse shift: BMW offers new gasoline model
Auto manufacturer moves to offer its previously electric exclusive Series 5 in a new gasoline model in bid to attract traditional customers
Nir Ben Zaken
|
09:23 | 03.07.24
Nvidia becomes the 'Taylor Swift of investors', Israelis profit too
Chip manufacturer showcases phenomenal results, adding an unprecedented $277 billion to its market value in a single day and propelling Wall Street to new heights; after acquiring Israeli Mellanox local staff profits from stock options
Yarden Rozanski
|
20:04 | 02.28.24
Israelis line up at shopping malls more than ballot boxes
While voter turnout appears to be low, credit card expenditures totaled over 928 million shekels, a significant increase of 13% compared to the total expenditures on the last Election Day in 2022
Meirav Crystal
|
20:49 | 02.27.24
Israelis line up for Shake Shack launch in Tel Aviv
The American fast food eatery makes first foray into the Israeli market with hopes of opening 15 additional branches country-wide in the next decade, but how's the menu?
Meirav Crystal
|
16:29 | 02.27.24
$35 billion lifeline: can the UAE rescue Egypt from economic quagmire?
Gulf state to allocate funds for construction of financial hub on Mediterranean, believed to be a major turning point for Egypt’s struggling economy, though some analysts remain skeptical
Doron Peskin
|
13:55 | 02.26.24
Upstart Chinese electric car company IM arrives in Israel
Preparing to compete with other electrical auto manufacturers including Tesla, Intelligence in Motion will feature several new models to the Israeli market in 2025
Yoel Schwartz
|
22:45 | 02.23.24
How Houthi Red Sea attacks affect Israeli ports
Continuous attacks by Iran-aligned Yemeni rebels sever vital arteries of global economy, compelling maritime transport companies to divert routes away from Bab al-Mandab, tripling travel time to Israeli ports
I24NEWS
|
12:53 | 02.23.24
Team 3 Group wins bid to connect Israel's north with groundbreaking light rail project
Conglomerate secures tender for Haifa-Nof HaGalil-Nazareth line; Transportation Minister Regev hails pick expression of confidence in the resilience, stability and future of the Israeli economy
Ynetnews
|
18:24 | 02.22.24
Establishing factory in Israel 'isn't profitable,' says Tower CEO
Israeli computer chip manufacturer closes down one of its two factories in Israel while looking for brighter horizons in India, which offers tempting incentives
Sophie Shulman/CTech
|
09:00 | 02.16.24
Israeli national extradited to US in $148 million binary options fraud scheme
Oron Montgomery and associates allegedly operated deceptive trading platforms targeting US investors with false promises of high profits
Daniel Edelson, New York
|
11:17 | 02.15.24
Israeli officials optimistic inflation to cool down ahead of CPI print
Moderate change to Consumer Price Index would would bring Israel's annual inflation rate below 3% target, allowing Bank of Israel to potentially cut interest rates
Sharon Kidon, Nir (Shoko) Cohen
|
07:58 | 02.15.24
Moody's downgrades ratings of Israel's five largest banks
Following downgrade of Israel's credit rating, firm also lowers ratings of 5 major Israeli banks to A3, citing concerns about government's ability to support financial institutions
Gad Lior
|
13:20 | 02.14.24
Flight fiasco: who's eligible for compensation after Ryanair grounds Israel routes?
Irish low-cost airline informs customers will halt operations in Israel and refund flights booked in advance
Ehud Fai
|
12:17 | 02.14.24
Business
""