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Israeli venture capital firm JVP in talks for potential UAE innovation center

CEO of Jerusalem-based company says had received 'all kinds of offers' to join planned tech hub in Abu Dhabi following normalization of business ties with Israel

Reuters , 20:46 , 10.26.20

Chevron bets on Middle East gas riches and reconciliation

Company's CEO Michael Wirth says Middle Eastern commercial and diplomatic relations 'are becoming more codified and stronger,' while global gas demand is projected to rise 1.5% per year on average through 2025

Reuters , 13:21 , 10.26.20

In UAE-Israel deal, peace and profits go hand in hand

Banking, cybersecurity and the diamond trade are all due to see benefits of the new cooperation, as business leaders from both nations express optimism that their alliances could even promote peace in the Middle East

The Media Line , 07:35 , 10.23.20

Treasury bigwigs jump ship amid budget chaos

Departures are the latest of a large exodus of prominent ministry figures, many of them blaming Finance Minister Katz for his mismanagement of the state coffer during the economic crisis induced by the COVID-19 outbreak

Gad Lior , 20:58 , 10.20.20

Battle over Israel's budget risks election, more economic gloom

Rating agencies caution further budget delays would raise concerns about Israel's ability to implement prudent fiscal policies and affect credit ratings while the Israel Bank Governor urges Netanyahu's government to accelerate the 2021 budget

Reuters , 19:39 , 10.20.20

Shopaholics rejoice! Instagram Shopping now available in Israel

The feature allows users to select and purchase products from local brands, with the social media giant charging a 5% commission on every sale, which could put the already-struggling retail fashion chains at risk of collapsing

Meirav Crystal , 15:58 , 10.20.20

Report: unemployment payouts since outbreak of virus quadruple annual average

According to National Insurance Institute, the state has paid over NIS 16 billion in unemployment benefits between March and September - the highest such sum ever paid to the country's unemployed since its inception

Gad Lior , 17:38 , 10.19.20

Israel, UAE to sign commercial aviation agreement soon

The deal between the 2 states follows Saudi Arabia's decision to open its skies for Israeli flights heading for the UAE, and is expected to greatly enhance the two countries' tourism industry

i24NEWS , 12:53 , 10.14.20

Cargo from Dubai arrives in Haifa, cementing Israel-UAE trade route

Eight containers filled with electronics, cleaning supplies, iron and firefighting equipment were unloaded off the MSC Paris, first cargo ship to make the historic journey; 'This is a new era in the Middle East,' says Haifa Port official

Reuters , 15:34 , 10.12.20

Five years on, Israelis see few benefits from major gas deal

Gas price Israeli consumers pay is still largely determined by 2012 contact between Tamar field and the state-run Electric Corporation, in which prices are tethered to the U.S. consumer price index and have only risen since 2015

Associated Press , 09:35 , 10.12.20

Fashion chains, cafes push for reopening next week despite lockdown

Commerce union aims to expedite reopening of economy which is only scheduled for November; 'the path to defeat coronavirus cannot pass through a coup de grace on the business sector'

Merav Crystal , 12:29 , 10.11.20

UAE-Israel accord could bring new sparkle to Dubai diamond trade

Dubai, with $21.2 billion in diamonds traded last year according to DMCC, and Israel, with around $12 billion according to its exchange, are Middle East's main diamond centers; local traders say they are inundated with Israeli inquiries

Reuters , 17:52 , 10.07.20

New coronavirus lockdown adds over 200,000 unemployed

Data shows almost 187,000 of 207,191 new job seekers forced on unpaid leave; more than 150,000 Israelis filed for benefits at least once before during Israel's first closure

i24NEWS , 17:41 , 10.04.20

New report shows Tel Aviv properties are overpriced

Investment firm finds that even despite seeing one of the sharpest increases in housing prices in the world, Israel's financial hub is not in immediate danger of becoming a real-estate bubble

Hila Tsion , 22:50 , 09.30.20

Israel's unemployment soars as lockdown set to be tightened

Employment Service reports since start of the nationwide lockdown, 109,378 people registered as unemployed, bringing the overall number of jobless in the country to 837,000; another 200,000 expected to be registered by end of lockdown

Gad Lior , 15:50 , 09.23.20

Ministers expand economic aid to businesses and self-employed by $3 billion

Government approves extra funds to businesses whose revenue fell more than 25% during coronavirus pandemic, authorizes 10% pay cuts to members of parliament, PM and other well-paid officials

Reuters , 18:13 , 09.22.20

Israel posts over 40,000 new jobless since start of lockdown

Employment Service says some 41,924 jobseekers have registered with the office since Thursday, of whom the majority are on unpaid leave; Finance Ministry plans to offer NIS 5,000 to employers who will not let go of staff

Gad Lior , 22:20 , 09.21.20

Israeli and Dubai diamond exchanges sign trade agreement

Following tightening relations between Israel and UAE, the prominent Israeli Diamond Exchange will open an office in Dubai, while the Dubai Multi Commodities Center will set up shop in Ramat Gan

Associated Press , 23:45 , 09.17.20

Dubai-based port operator to bid for Haifa port privatization

DP World says it will join forces with Israeli firm DoverTower in an effort to take over Israel's largest shipping hub in Haifa, and establish a direct route from Dubai's massive Jebel Ali port to Eilat

Associated Press , 13:24 , 09.16.20

Bank Hapoalim and Dubai's Emirates NBD sign MoU

Both nations' top lenders agree to cooperate in an effort to further ties following the establishment of financial and economic relations between Israel and the UAE

Reuters , 22:20 , 09.14.20

COVID unemployment cheques may be cut despite imminent lockdown

Hundreds of thousands of Israelis could face substantial cuts to monthly cheque as country's unemployment rate reportedly drops under 10%, but 2nd lockdown may see numbers go right up

Gad Lior , 19:14 , 09.14.20

Israel sees rise in unemployment, drop in furloughed workers

Central Bureau of Statistics reports number of jobless rose to 223,400 in August, compared to 209,300 in July while the number of unemployed plus those on unpaid furlough fell to 406,200 in August, compared to 421,900 in July

Shaked Eilat , 16:39 , 09.14.20

EU to Facebook, Google, Twitter: Do more against fake news

European regulatory commission calls on tech giants to work harder on tackling disinformation, including false reports regarding coronavirus poandemic, in accordance with 2018 self-regulation agreement

Reuters , 13:42 , 09.10.20

Israel's largest hospital to develop health tech with UAE firm

MOU between Sheba Medical Center and APEX is first cooperation between Israeli hospital, Emirati company after countries agreed to normalize ties last month; Sheba says deal paves way for cooperation on innovation, training, medical tourism, COVID treatment

Reuters , 09:03 , 09.10.20

Israel sees trade with UAE at $4 billion a year

Intelligence Minister Eli Cohen tells Reshet Bet radio the figure could be achieved within 3 to 5 years, while Cohen's spokesperson adds it would also include defense trade

Reuters , 15:02 , 09.07.20

State budget deficit triples and reaches all-time high

Israel reaches NIS 87.5 billion in deficit since beginning of 2020, compared to NIS 29.2 billion during same period in 2019; deficit's nosedive slightly curbed by high VAT collection after many Israelis stayed within the country's borders in August

Gad Lior , 19:54 , 09.06.20

Israeli business delegations led by banks Hapoalim, Leumi to visit UAE

Hapolim Bank CEO will head the first delegation on Sept. 8, while chair of Bank Leumi will lead the second delegation on Sept. 14; Abu Dhabi Bank said last week it would open discussions with Hapoalim and Leumi

Reuters , 12:38 , 09.06.20

Smart Water: How Mekorot handles increasing cyber threats

Digital revolution is sweeping water infrastructure industry, and Israel is one of most prominent leaders; unfortunately, as field enters digital world, water systems are exposed to increasing cyber threats, but here too Israel - and Mekorot - are not falling behind

Meital R. Fishman , 11:11 , 09.06.20

Gulf investors already working on Israeli deals

Perisan Gulf investments in real estate generally fall into two categories - what might be termed ‘trophy assets and assets for strictly financial returns, says one businessman

The Media Line , 18:41 , 09.04.20

El Al to fly first cargo flight to Dubai by an Israeli carrier

The Sept. 16 flight via Belgium to Dubai which is expected to become a weekly event, is scheduled to carry agricultural and high tech products

Reuters , 15:51 , 09.03.20

U.S. accuses Israel’s Teva of fixing drug prices

44 U.S. states file a lawsuit against the pharmaceutical giant, claiming between 2013 and 2015, Teva USA along with 19 other drug companies engaged in illegal conspiracies to divide up the market for drugs to avoid competing

Reuters , 11:36 , 08.26.20

How some Israelis dodge COVID-19 tracking

Those fearing a quarantine order after unwittingly being near a coronavirus carrier, render themselves untraceable by switching their cellphones to 'airplane mode' or using 'burner' SIM cards instead

Reuters , 22:48 , 08.23.20

Israelis eager to tighten ties to UAE after historic accord

Prospect of mutual embassies, expanding tourism to the Gulf and solidifying business opportunities with another country that shares Israel's penchant for technology, innovation has Israelis salivating

Associated Press , 20:30 , 08.17.20

'We are in recession and government is making it worse'

Economics professor says state should supplement low-income jobs to encourage return to workforce, accuses Netanyahu of populist policies and 'petty politics' as Israel sees its worst fall in GDP for 40 years

Attila Somfalvi , 18:00 , 08.17.20

Israel Q2 registers worst GDP drop in 40 years

Netanyahu says gov't to approve $2.5 billion stimulus package to strengthen the economy though insists other countries suffering greater reduction to GDP caused by the coronavirus pandemic

i24NEWS , 21:11 , 08.16.20