Israel business

Israel's tech employees cost more than US counterparts

Tech workers in Israel are currently 2.4 times more expensive than their counterparts in Poland, Lithuania, Romania, and Ukraine

People walk near office towers at a business park also housing high tech companies, at Ofer Park in Petah Tikva, Israel August 27, 2020
In January, Israel’s Ministry of Defense signed a multi-year contract with Semiconductor Devices valued at approximately $115 million (NIS 380 million).

The curse of being Israel's most valuable company

A bunch of Israeli New Shekel banknotes in the hand on the Bills background.Conceptual Image for Finance and Banking

Shekel gains sharply despite interest rate cut

David Alexander, Deputy CEO of Phoenix Financial

Evolving regional economic opportunities


2023’s transaction value marks 10-year low, and the war makes it worse

Even before the security crisis in October, the first three quarters of 2023 showed a 60% decrease in volume and a 21% decrease in the number of transactions.

 Illustrative image of credit cards.

Ongoing war could decrease the business sector’s production by 3.8% in Q4 - report

The latest Melnick report gives one of the first concrete indications about the war’s effect on the Israeli economy.

 Israeli national flags flutter in front of an office tower at a business park also housing high tech companies, at Ofer Park in Petah Tikva, Israel August 27, 2020.

How much will the Israeli economy suffer from a war with Hamas?

The economic price Israel is paying for the war on Hamas, with the Manufacturers Association reporting that the economy had already lost NIS 4.6 billion.

New Israeli Shekel bills are seen in front of a downwards-trending graph (illustration)

Israeli tech startups flock to US amid uncertainty at home

This marks a reversal, as Israel had managed in the past decade to persuade more of its startups to set up their legal identity domestically.

 Israeli national flags flutter in front of an office tower at a business park also housing high tech companies, at Ofer Park in Petah Tikva, Israel August 27, 2020.

Intel drops $5.4 billion deal to buy Israeli chipmaker in US-China spat

Intel does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away.

 Tower Semiconductor is seen on smartphone in front of displayed Intel logo in this illustration taken, February 15, 2022.

Up for sale! Israel Post raises speculation about the country's postal service

Business Affairs: If you feel you’re up to the task, check out that ad in the ‘Post’ and send in your application. It’s up to you whether you send it through the mail.

 A NEIGHBORHOOD post office in Tel Aviv. A thing of the past?

Israel launches privatization of revamped postal service

The state’s privatization agency said it would sell 100% of Israel Post Co. to an investor or group of investors.

 A sign of the Israeli Post in central Jerusalem, on January 04, 2022.

Peer membership organization for high-net-worth wealth individuals launching in Tel Aviv

The organization is already running more than 100 groups in 46 cities around the globe.

 Michael Sonnenfeldt and Sam Zell from the 2023 TIGER 21 Global Exchange event

Judicial reform will not make me leave Israel, Papaya Global boss says

Guez has been among the most outspoken members of the high-tech community against judicial reforms.

 Papaya Global's offices

Deepchecks secures $14M for Machine Learning validation technology

Despite rapid growth, only half of machine learning models succeed in production, calling for enhancements to ensure success.

 Should we be wary of the risks that powerful Artificial Intelligence systems could pose to humanity? (illustrative)