Economy

DLD Tel Aviv 2019 DriveNets announced today that it plans to open a R&D center in Romania. The Raanana-based networking company entered into this endeavor together with Tellence. DriveNets recently closed a $117 million Series-A round of financing. In making the announcement, Ido...

The Israeli government sold 50 year bonds denominated in Euros, carrying an interest rate of 2%. € 500 million were sold. This is the lengthiest bond term ever issued by the Israeli government, to date. Up until now, the longest term bond...

The Israeli political system remains paralyzed. On Saturday night, tens of thousands rallied in Tel Aviv's Rabin Square to mark the 24th year since his assassination, and to hear MK Binyamin "Benny" Gantz (who currently holds the mandate to form the government)...

A few weeks ago I wrote an article about how expensive food is in Israel. As part of that article, I gave examples of the price of cereal in the US vs Israel. Apparently, that price difference was not sufficient for Unilever...

Like most of the world's economies, Israel’s has been devastated by COVID-19. At one point, the unemployment rate reached 26%. At the point the pandemic hit, the Israeli economy was in overdrive, with unemployment at the lowest ever...

Apple Headquarters in Herzilia There are many reasons why Prime Minister Benjamin Netanyahu was re-elected, despite all of his legal troubles, and notwithstanding a formidable group of former generals running against him. However, the most significant reason why Netanyahu was re-elected for his...

n In 1965, when I visited Tel Aviv for the first time, it sported the newly completed Shalom Tower. The majestic skyscraper stood 34 floors high and was said to be the tallest building in Israel and the Middle East — a...

During the second quarter of 2019, the Shekel appreciated against the Dollar by 1.8%. The strengthening of the Shekel, which has extended to the Euro, is harming Israel’s exporters whose prices are all set in Dollars and whose costs are all in...

Bank of Israel Bank of Israel’s Monetary Committee has decided to keep the prime interest rate at .25%.  Initially, the expectation was that the rate would be raised. However, the report that inflation in April was on 0.3%, i.e., lower than predicted, combined...

According to IVC Research Center, during the second quarter of 2019, 125 Israeli firms raised capital totalling $2.32 billion. This sum is down from the 253 deals, totaling $3.87 billion raised during the first quarter of 2019. Ten very...