According to IVC Research Center, 2019 was a record year of exits for Israeli corporations, garnering an annual total of $21.7 billion. There were 138 deals in total, with the largest single deal being the acquisition of Mellanox by Nvidia for $6.9...
The Central Bureau of Statistics (CBS) released initial figures for economic growth during the second quarter of 2019. CBS showed a growth rate of only 1% during Q2, a marked decrease from 4.7% rise seen in Q1. The number is a little misleading. Economic growth reported...
November was another banner month for startups raising capital in Israel. A total of $840 million was raised last month. The following is a list of startups that raised money: AgriTask $8.5 million
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...
The Central Bureau of Statistics reported very mixed results in the housing sector. Builders sold 5,750 new dwellings during the first three months of 2019, which represents a decrease of 11.4% from the last three months of 2018. However, that same number...
Unemployment for those 15 and older dropped from 3.8% in the month of April to 3.6% in the month of May. For those aged 25-64, unemployment fell to 3.2%. This constitutes the lowest unemployment rate in the last forty years. These numbers...
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...
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...
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...
The average wage in Israel continued to rise, and stood at NIS11,004 in July, which represents an increase of 3.4% over the year before. While this is good news for the Israeli economy as a whole, most of the increase took place...