Israel business
Shekel gains sharply despite interest rate cut
The Iran war led to a 3.3% contraction in GDP (on an annualized basis) in the first quarter
Evolving regional economic opportunities
Israeli private equity firm David Group launches to invest in mature businesses
Rethinking risk: Why Israel is no longer the outlier - opinion
Nvidia in advanced talks to acquire Israeli AI startup AI21 Labs for up to $3 billion
A 2023 funding round valued AI21 at $1.4 billion. Nvidia and Alphabet's Google participated in that funding.
Wine Talk: From winemakers to farmers
For the Flam boys, the deep cellars, aromas of the winery, and dark corners were a playground that beckoned them into a world of wine.
Israeli AI startup Anchor Browser raises $6M in seed round
Anchor Browser has successfully developed a breakthrough infrastructure enabling reliable, secure and stable Agentic AI web operations for browser environments
Regulator tells Horesh-Harel not to help choose ICC-CAL CEO
Union Investments and Harel are due to buy the ICC-CAL stake at a company valuation of NIS 3.75-4 billion, depending on the credit card company's performance
HP Israel to lay off up to 90 employees as part of global cost-cutting plan
The reorganization plan at HP was first presented in November 2022, at the height of the crisis in the global tech industry due to rising interest rates.
Bank of Israel chief warns of deep war impact even as economy shows resilience
The governor of the Bank of Israel talks about how even the optimistic scenario of the end of the war does not guarantee a soft landing.
Amid war and investor pullback, US fund manager Ezra Gardner keeps faith in Israeli tech
Ezra Gardner, who co-founded the most active foreign VC fund in Israel, warns that overseas investors are shunning the country, but still says he’s “never been more optimistic” about it.
Shekel surges as Trump announces Israel-Gaza ceasefire
The shekel-US dollar exchange rate was set at NIS 3.2420/$ and the shekel-euro rate set at NIS 3.7635/€.
JVP raises $290M from TPG to propel insurtech unicorn Earnix’s AI revolution
Deal delivered an 8.7x return to early investors
Two private power providers sign major supply deals
Hundreds of thousands of Israeli households receive electricity at a discount from private suppliers
