Business
עמדת עבודה במשרד
Job vacancies in Israeli market stabilize following downturn
High-tech sector sees increased demand for software developers and engineers while sales and food industries continue downward trend
Gad Lior | 16:20 | 09.20.23
תיוג מוצרים על התמונה ומעבר לתשלום דרך האינסטגרם - כבר לא קיימים ברוב החנויות
TikTok to introduce shopping in Israel, Instagram Shops folds
Chinese social media giant helps local brands take advantage of its platform ahead of launch of new feature in Israel while Meta decides to cut back on shopping options on its platforms
Meirav Crystal | 21:57 | 09.19.23
Economy Minister Nir Barkat rings the closing NYSE bell
New York Stock Exchange draped in Israel's national colors | Watch
World’s biggest stock exchange illuminated in bright blue and white colors as Barkat closes trading; ‘Those who invest in Israel will benefit immensely,’ he says
Itamar Eichner | 11:47 | 09.19.23
הטבק שניסו להבריח בתוך "חלוקי נחל"
Smoke and mirrors: Israel busts 6 tons of hookah tobacco smuggled in pebbles
Some 10,000 artificial fiberglass pebbles containing hookah tobacco intercepted in shipment from Egypt; Tax Authority says seized goods would have yielded NIS 2.5 million in taxes
Gad Lior | 10:32 | 09.19.23
נשיא ארה"ב לשעבר ביל קלינטון בשיחה עם זיו אבירם
Israeli billionaire launches climate change initiative with Bill Clinton
Tech mogul Ziv Aviram, co-founder of Mobileye—a company acquired by Intel for $15.3 billion—is partnering with former US president to launch an investment fund focused on climate change technologies
Dan Raban | 23:28 | 09.18.23
פורד F150
Best-selling pickup: Ford introduces new F150 model
Ford chooses to stay away from changing much of its beloved F150 model opting for improvements in performance and upgrading its electric models; We have the details
Nir Ben Zaken | 15:15 | 09.18.23
לירן גרודה
'I didn't finish school, but I own one of the coolest and most interesting start-ups in Israel'
From a struggling chef living with parents to make ends meet, Liran Gruda is now a global food industry entrepreneur with a successful exit; ‘A teacher once said I'd amount to nothing. She'd be shocked today,’ he shares
Tiki Golan | 19:09 | 09.17.23
נאורו ממבט על
The South Pacific island nation that fell prey to cynical billionaires
Crypto exchange FTX founder Sam Bankman-Fried aimed to purchase Nauru, joining a history of nations and billionaires trying to exploit the tiny island; Nauru's challenges—economic instability, depleted resources and public health crises—serve as a cautionary tale, revealing the enduring scars of unchecked colonialism and rampant capitalism
Viki Auslander, Calcalist | 13:40 | 09.15.23
מטה מודי'ס בניו יורק
Moody's likely won't lower Israel's credit rating but outlook could change
International credit rating agency is expected to release a follow-up report on Israel's economy in October warning against harm to the Israeli market as a result of the judicial overhaul
Gad Lior | 16:27 | 09.14.23
Oil drilling vessel off the coast of Guyana
This is the best performing economy in the world
The economy of the South American nation of Guyana has experienced impressive growth this year, with a 38% expansion following a remarkable 62% growth in the previous year, according to the International Monetary Fund
Calcalist | 08:18 | 09.13.23
יונדאי איוניק 5
Do electric car really cost much less to maintain?
Many Israelis believe that electric models are much cheaper to keep around than gasoline ones, but does this bear out?
Tomer Hadar/Calcalist | 23:39 | 09.10.23
זיקר 001 FR
Watch out Tesla! This Chinese electric car leaves the competition in the dust
Geely puts its best efforts on display with its upcoming luxury models, promising performance, unique capabilities and very high speeds
Nir Ben Zaken | 15:49 | 09.10.23
ג'ארד קושנר מוחמד בן סלמאן
Jared Kushner invests Saudi money in Israeli automotive group
US-based venture fund Infinity Partners, owned by Trump's son-in-law, reaches agreement with Shlomo Group to purchase 15% of automotive and credit holdings for NIS 570 million
Dan Raban | 16:04 | 09.06.23
Company headquarters
Danish pharmaceutical company surpasses LVMH thanks to a weight-loss drug
Danish pharmaceutical company Novo Nordisk, known for developing the weight loss drug Wegovy, briefly became the highest-valued company in Europe
Calcalist | 00:27 | 09.04.23
nvidia
US curbs AI chip exports from Nvidia and AMD to some Middle East countries
U.S. officials usually impose export controls for national security reasons, and have on China; It is not clear what risks ere posed by exports to the Middle East
Reuters | 12:10 | 08.31.23
סל מוצרים ב סופר מרקט
We will all pay more for food for the High Holidays
This year's apple in honey is expected to be less sweet, as many basic products, including egg, rice and olive oil, are expected to become more expensive
Navit Sommer, Iris Lifshitz Klieger, Daniel Bettini | 23:32 | 08.30.23
דוד בנלולו על רקע מטע הזיתים של קיבוץ רביבים
Despite olive shortage, oil price hikes, Israeli growers are uprooting their olive trees
Globally, the olive sector is grappling with climate-related challenges while olive oil prices climb in Israel, where imports comprise half of national stockpile, prompting the uprooting of groves due to economic concerns; officials emphasize the need for a local production-import balance and heritage preservation; It's 'erasing our agricultural heritage'
Ilana Curiel, Yair Kraus | 21:05 | 08.30.23
סנטינל
SentinelOne stops cooperation with Wiz amid takeover talks
SentinelOne did not accept Wiz's desire to purchase it and decided to respond by unilaterally terminating cooperation; SentinelOne CEO Tomer Weingarten prefers a buyer with much deeper pockets and does not want to be controlled by Wiz founder Assaf Rappaport
Sophie Shulman, Calcalist | 19:54 | 08.30.23
חברת OpenAI שמאחורי צ'אט GPT
OpenAI to reach $1 billion in revenue, report says
Spike in expected revenue comes following company's decision to sell its artificial intelligence juggernaut ChatGPT, in addition to investment by Microsoft
Calcalist | 16:56 | 08.30.23
אנשים קונים בסופרמרקט
Is Israel really the most expensive country?
The OECD said Israel is the most expensive place to live, but it might not be possible to accurately compare different countries when it comes to cost if living, expert tells Ynet
Tzachi Sade | 22:42 | 08.29.23
Dovi Frances (right) and Eynat Guez
Investor Dovi Frances to sell Papaya Global shares at loss, co-founder Guez says she'll buy
Frances offers to sell his 2.8% stake in the company for $12.5 million, dropping Papaya's valuation to approximately $444 million, a stark contrast to its previous funding round valuation of $3.7 billion; he objects to Guez's decision to withdraw company funds from Israel
Sophie Shulman | 21:29 | 08.29.23
Tnuva logo
Israel's Tnuva to enter US protein powder market
Israeli dairy manufacturer joins forces with e-commerce giant Amazon to introduce product with top-tier kosher certification to highly competitive local market
Navit Zomer | 13:55 | 08.24.23
yk13552377
Weakening Shekel brings losses to the Israeli market
Households, most businesses suffer as local currency value is down by 3% in just one month and 17% in the past year; Bank of Israel thought to consider additional rise in interest rates in September
Gad Lior | 12:36 | 08.23.23
טבע
Teva to pay US millions in price-fixing settlement
Israeli pharmaceutical company set to pay $225 million in several installments over the next five years after court finds it and other companies responsible for rising drug prices - by up to 1000%
Sophie Shulman/Calcalist | 19:10 | 08.22.23
לוסיד אייר ספייר
Tesla bites the dust: Lucid unveils world's fastest electric car
Up-and-coming US car manufacturer shares new details about upcoming high-end Air Sapphire model, showing impressive capabilities under the hood
Hillel Posek | 15:12 | 08.22.23
טקס פתיחת הקו האדום של הרכבת הקלה
Fitch stands by bright Israel report, questions future of judicial reform
Credit rating agency's Israel analyst says sees major legislative push as unlikely even if government lasts four years
Ynetnews | 22:34 | 08.21.23
Looking to move? The ultimate guide to picking your perfect new address
Singles need convenient public transportation, families should ask about schools (but will surely also be interested in the neighbors' opinions), and everyone should thoroughly check the traffic situation on their phone; Tips to help you explore the area before moving
Mor Shimoni | 18:44 | 08.19.23
אתר הבנייה
The world's fastest builders: The secret to China's construction marvels
With 1,200 workers at any given moment, government support and drones, the Chinese company LongXin averages less than a week per floor, building entire neighborhoods in breakneck speeds; But what does this rapid progress look like up close?
Dan Raba, Nantong | 18:42 | 08.18.23
מטה גוגל
Google Israel will refund app store users in a $12 million payout
Users who purchased automatically renewed Google Play subscription between 2010 and 2022 will be entitled to 55% refund after company settles class action lawsuit which charges subscription renewed without informing them; Google: 'We made changes to the way users cancel Google Play subscriptions in Israel'
Viki Auslender | 13:32 | 08.17.23
IAI Super Heron drone
Taking off: Israel Aerospace Industries reports stellar 28% profit increase
Aviation manufacturer reports first half of 2023 is company's strongest year opening ever; 'More and more countries are recognizing our capabilities, and the world is expressing confidence in us,' says chairman Amir Peretz
Navit Zomer | 12:06 | 08.17.23
אינפלציה עליית מחירים
CPI rose in July, but annual inflation dropped to 3.3% and apartment prices fell again
As expected, the consumer price index for the month of July rose by 0.3%, but annual inflation decreased due to the comparison with the large increase in the same month last year. Apartment prices decreased by 0.2% in May-June compared to the previous months and the increase in the last 12 months dropped to 5.2%. Leases for new tenants have become more expensive by 9%
Gad Lior, Hila Zion | 21:16 | 08.15.23
A 32% decline in apartment sales
Home sales in Israel crash by 32% in June
Chief economist report shows 7,097 apartments sold in June, marking lowest point in open market in 2 decades; secondary-market apartments sales slump 39% year on year
Hila Tsion | 09:48 | 08.15.23
בנימין נתניהו ובצלאל סמוטריץ' במסיבת עיתונאים
Fitch affirms Israel's A+ credit rating, cautions against judicial reform blowback
Credit rating agency keeps Israel's 'stable' outlook, but warns credit metrics can be affected by 'decline in Israel's institutional strength' and increased in government debt
Gad Lior | 14:32 | 08.14.23
PayPal
PayPal launches US stablecoin: How it works, and who can use it?
The payments company, which has been suffering from a disappointing financial performance of late, is trying its hand at cryptocurrency with the launch of PYUSD - linked to the dollar, the company promises that at any given moment the customers will be able to redeem their coins
Viki Auslender | 16:09 | 08.09.23
wework
WeWork says there is 'substantial doubt' about its future
Office space-sharing company presents a plan to improve its financial situation, which includes raising new debt; however, it emphasized that the degree of success of these initiatives will determine whether it can avoid collapse
Lital Samet, Calcalist | 10:03 | 08.09.23
מגרש מכוניות ב אילת
Eilat Port flooded with cars as importers dash to dodge tax surge
Around 32,000 cars parked at port, adjacent airport and municipal parking facilities, awaiting the new tariffs set to be introduced in the new year
Tomer Hadar, Yuval Sadeh | 15:51 | 08.08.23
גאוטם אדאני על רקע נמל חיפה
Research firm takes bold short position on Adani, but claims not chasing profit
Hindenburg Research takes aim at owner of Haifa port, targeting both his public and private enterprises and slashing their value by hundreds of billions; Company, run by former ambulance driver in Israel, states motive is to expose corporate malfeasance
Lital Samet | 13:50 | 08.08.23
תמרים בערבה התיכונה
Israeli date farmers expected to earn big with Chinese markets vying for fruity sweetness
After years of substantial losses due to labor shortage and the pandemic, date farmers begin this season with a smile, as both the Chinese and Vietnamese markets are lining up to import Israeli produce, rich in fiber and sweetness
Navit Zomer | 10:04 | 08.07.23
המיליארדר ארתור דנצ'יק, התורם המרכזי לפורום קהלת
Who is the Jewish-American multi-billionaire that cut funding for group promoting judicial reform?
For years, Arthur Dantchik, the main donor to Kohelet Policy Forum has been promoting libertarian ideology in the United States and Israel, and he has consistently done so with minimal public exposure and without granting interviews
Viki Auslender | 07:34 | 08.07.23
יונדאי i30N
Hyundai i30N: This time it's automatic
Korean giant’s first go at a high-performance vehicle returns to Israeli roads after a facelift and boasting an automatic transmission for the first time; We were very fond of the manual version, but could this one be even better? The test results may surprise you
Nir Ben Zaken | 15:56 | 08.06.23
המטה הנוכחי של וויקס.קום בנמל תל אביב
WIX updates annual growth forecast amid recovery
Israeli website development platform sees improved revenue margins and says trusts in country's high-tech sector despite ongoing economic turmoil
Sophie Shulman/Calcalist | 20:40 | 08.03.23
סיטי בנק
Citibank lowers Israel's growth forecast amid judicial reform
Report reveals that potential growth is expected to decline to 3.4% by 2030 citing recent turmoil. claiming impact of government policy on the medium-term outlook for the economy will be more significant
Adrian Filut | 18:35 | 08.03.23
פורשה 911 S/T
One of a kind: Porsche presents its 911 S/T model
Celebrating the Porsche 911's 60th anniversary, German designers go all out in tailoring its latest iteration with the best and latest technology
Nir Ben Zaken | 13:25 | 08.03.23
חרדים
Record number of Haredi men join workforce amid soaring cost of living
Employment rate among ultra-Orthodox men exceeds 55% threshold for second successive quarter after hovering around low 50s in recent years; Expert says trend stems from rising interest rates, changes in mortgage market and cost of living
Shahar Ilan | 09:40 | 08.03.23
טויוטה לנד קרוזר 250
Toyota shakes up off-road scene: Long-awaited Land Cruiser revealed after 14 years
Equipped with cutting-edge propulsion systems, auto giant promises unrivaled performance both on and off the road; Here's all you need to know about it, including its anticipated arrival at our shores
Nir Ben Zaken | 23:54 | 08.02.23
שירותי הענן של אמזון - AWS
Amazon to invest $7.2 billion in Israel, launches cloud region infrastructure
Amazon Web Services' project aims to offer cloud services to various government bodies, including local authorities, government-owned companies and the public sector
Meir Orbach | 22:17 | 08.01.23
MG5
Overpriced: MG5 car model offers mediocre performance
Despite Chinese automaker being the first to offer an electric car with spacious cargo storage, the MG5's other aspects fail to justify its outdated design and lackluster driving experience
Noam Rhein | 14:12 | 07.31.23
Interlinked: How to make your LinkedIn profile pop
Experts say business-based social media has much more behind it than just looking for a job, giving tips on how you can make your presence at the site influential for casual readers as well as recruiters
Maayan Manela/Calcalist | 09:56 | 07.31.23
סאבוויי
'Your free sandwich is ready, Mr. Subway!' - Change your name and get free subs for life
The Subway sandwich chain is running an interesting contest: Legally change your first name to the brand's name, enter a lottery, and you might win the Deli Hero, their latest sandwich, for life
ynet correspondents | 14:53 | 07.30.23
Zeekr 001
Fast and luxurious: Chinese electric car brand Zeekr lands in Israel
The influx of Chinese automotive brands entering the Israeli market continues with Zeekr, an electric car brand that offers a fast and luxurious driving experience, and may rival its German competitors, for a price
Noam Rhein | 10:03 | 07.25.23
BMW M3 CS
Only one model of BMW M3 CS expected in Israel, but what a car it is
The M3 Competition Sport bridges the gap between the M3 Competition and the extreme M4 CSL with a dual-drive system rather than a rear-wheel drive, which may not be the right approach to appeal to loyal brand enthusiasts.
Itay Steinberg | 23:25 | 07.20.23
Airbnb
Surging Airbnb stock makes founder $1.7 billion richer in one year
Joe Gebbia, who stepped down from his managerial role at Airbnb last summer, has been selling some of the stocks he held since then, increasing his wealth to $8.8 billion; Airbnb has benefited from changes in work strategies and lifestyles, as well as increase in demand for international travel since end of COVID-19 pandemic
Ynet, Agencies | 21:49 | 07.19.23
Vesttoo CEO Yaniv Bertele
Israeli fintech firm Vesttoo faces probe for multi-billion-dollar fraud
Initial inspection suggests that the billions of dollars in collateral presented by Vesttoo were fraudulent, as several executives recently retired from the company in the wake of the scandal
Meir Orbach, Calcalist | 17:57 | 07.18.23
Illustration
Israel sees drop in hi-tech demand for workers
Although unemployment rate remains low, experts warn drop in demand for workers in the tech industry could be early warning of pending job crisis
Shaked Eilat | 14:59 | 07.17.23
אראל מרגלית במרכז החדש
Venture capitalist: 'There will be no investments here because government is turning Israel from democracy into dictatorship'
Erel Margalit, founder of JVP venture capital fund, says judicial overhaul is raising questions from President Biden to IMF, and its not the protests that are discouraging investors
Sophie Shulman, Calcalist | 08:22 | 07.13.23
מנכ"ל קובוובס אודי לוי
Israeli startup sold for $200 million to Spire Capital
Cobwebs, founded by IDF special units veterans is able to successfully create a powerful search engine that can scan both the dark web and the deep web, to identify potential illegal or terrorist activities
Meir Orbach | 13:02 | 07.12.23
טויוטה לנד קרוזר
Israeli motorists rejoice: Toyota set to unveil new Land Cruiser
Sneak peek shows new model's robust design, reminiscent of the Lexus GX; With a powerful engine and substantial towing capacity, it appeals to market traders as well as the Israeli public, as they have made it the best-selling SUV in Israel for two decades
Gilad Meiri | 11:18 | 07.11.23
דיילת של חברת אמירייטס
Wish to be flight attendants or pilots for Emirate Airlines? Here's how
The UAE's national carrier is undergoing a global expansion, seeking top talents worldwide for 180 diverse roles, including inviting applications from Israelis; 'We have a global need to recruit the best talents in the world,' company official says
Daniel Salami | 15:01 | 07.09.23
דאצ'יה לוגאן
Dacia revives family subcompact model, unveils tempting price
Three years after its global launch, Dacia offers a family car with a significantly lower price tag than other models, while attempting to utilize Renault's modern platform and providing good driving qualities with a combination of a modern propulsion system
Noam Rhein | 23:42 | 07.08.23
פיטורים בחברת אמדוקס
Amdocs laying off thousands in another round of cutbacks
Company expected to layoff 6.5% of the workforce worldwide but in Israel 200 employees out of the 5,000 are to be let go despite positive financial reports in recent quarters
Sophie Shulman/CTech | 00:02 | 07.07.23
Business
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