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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 | 09.14.23

Eyes on the prize: Companies Elon Musk might be keen on purchasing

Some groundbreaking work is being done by Israeli companies in the field of renewable energy could entice a visionary with a proven record

Guy Natan | 09.05.23

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 | 08.30.23

Dollar leaps above 3.8 shekels, sparking concerns about central bank intervention

Experts worried central bank may further hike interest rates as soon as early September as Israeli currency continues to devaluate, further hurting mortgage holders amid inflation pains

Gad Lior, Attila Somfalvi | 08.21.23

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 | 08.03.23

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 | 07.31.23

Check Point founder says would not base company in Israel today

Gil Shwed, who built one of Israel's most successful high-tech companies, says that the company intends to stay in Israel and hopes the situation improves

Sophie Shulman/Calcalist | 07.26.23

Israeli cyber firm Imperva sold to French tech giant for $3.6 billion

Founded in 2002, Imperva provides cybersecurity solutions to critical apps, APIs and data; R&D center in Israel employs 500 people and is expected to grow after purchase completed

Meir Orbach | 07.25.23

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 | 07.19.23

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 | 07.18.23

Healthtech startup DayTwo facing uncertain future after dramatic restructuring

While company demonstrates positive results in improving sugar levels, weight loss outcomes were inconclusive raising criticism over recommendation of foods that, despite their sugar-lowering benefits, are deemed unhealthy

Sophie Shulman/CTech | 07.06.23

Israeli government sells El Al stocks for profit

State sells half of its overall shares in the airline company for millions in profit, it acquired the stocks while aiding the airline during its COVID-19 crisis

Navit Zomer | 07.05.23

Israeli soft drink company to compensate thousands with Coca-Cola vouchers

Move comes following lawsuit against Israeli soft drink company which sent advertising material to thousands of customers without their consent between 2021 and 2022; settlement expected to cost 7.7 million shekels

Lital Dobrovitsky | 06.22.23

A decrease in the number of transactions in the last year

It's a buyer's market: Israel's plummeting real estate market

Survey and data from Israel's Central Bureau of Statistics' show that the once booming local property market the country developed in 2022 has crashed considerably, giving buyers the power they previously lacked

Hila Tsion | 06.21.23

Done deal: Omer Adam to launch new car buying app in Israel

Lior Ohana | 06.19.23