Israel business

Israeli chip equipment stocks outperform on Wall Street

Expectations are high due to increased demand and the upcoming financial reports could signal the continuation of the trend in stocks

In January, Israel’s Ministry of Defense signed a multi-year contract with Semiconductor Devices valued at approximately $115 million (NIS 380 million).
People looking for work as unemployment rises

Israel job vacancies hit highest rate since December of 2022, CBS says

NVIDIA

Nvidia in advanced talks to acquire Israeli AI startup AI21 Labs for up to $3 billion

Flam's vineyard snakes through the valley.

Wine Talk: From winemakers to farmers


Hi-Tech leaders urge government support amid war-driven uncertainty  

The credit rating downgrades could "tarnish Israel’s reputation as a thriving start-up nation—a brand image that could take years to rebuild," Shlomo Landress notes.

 From left to right - Maya Schwartz, Shay Michel, Shlomo Landress.

The A-G is bad for business and Israel's national unity – opinion

CEOs’ praise for Baharav-Miara raises questions about democracy and governance.

 Attorney-General Gali Baharav-Miara sits next to Justice Minister Yariv Levin at a ceremony for retiring acting chief justice Uzi Vogelman, at the Supreme Court in Jerusalem, in October.

ZIM reports $1.13 billion net profit in Q3 , driven by record cargo volume

ZIM’s Q3 results show record-high cargo and a $1.13B profit, boosting 2024 projections.

 Zim Integrated Shipping Services

El Al’s record-breaking year continues with near-monopoly amid Israel-Hamas war

El Al’s revenue and profits skyrocket in Q3 as demand surges due to limited flight options during the Israel-Hamas war.

 An El Al Boeing Dreamliner is prepared for its next flight at Ben Gurion Airport last month.

Ben & Jerry's says parent company Unilever muzzled its Gaza position

The ice cream brand filed a lawsuit against their parent company, Unilever, claiming parent company silenced it on Gaza stance

Ben & Jerry's ice cream (Illustrative)

Alexander's new lager now available nationwide

Alexander Brewery's popular 'Alexander Lager Fest' has transitioned from a special edition to a regular offering, available in leading stores and bars across Israel.

 Octoberfest

Strengthen your home decor: Supporting small businesses

For the 11th year, ShoppingIL by Google opens the global online shopping month, running on November 6-7. This year’s event is dedicated to supporting Israeli businesses.

 MOOUI BRAZIL

Israeli cyber firm Island earns a spot on Fortune Cyber 60 for second year in a row

The platform offers various advanced features, from data protection and system oversight to automated workflow tools, making it an increasingly essential tool in corporate security.

 Israeli flags flutter at a business park housing hi-tech companies, at Ofer Park in Petah Tikva.

Doing business with Israel: The time is now - opinion

The world needs nations like Israel, and Israel needs partners willing to invest in its future. It’s time to act. The opportunity is here.

 THE YOKNE’AM High-Tech Park, in Lower Galilee: Israel’s high-tech sector, bolstered by advances in artificial intelligence and cybersecurity, is second to none, the writer asserts.

Zim shipping brings in $373m net profit in second quarter of 2024.

"We expect stronger performance in the second half of 2024 compared to the first half due to ongoing supply constraints from the unresolved Red Sea crisis," CEO Eli Glickman said.

 A Zim ship.