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Home Category Economy Business & Finance

Business & Finance

Major retail chains across Israel prepare to join small business revolt

Major retail chains across Israel prepare to join small business revolt

by Hili Yacobi-Handelsman

Members of Association of Retail, Fashion, and Café Chains in Israel plan to open nationwide on Sunday, with the exception of cities, towns, and local authorities coded 'red' under the stoplight system. "We're drowning," association says.

UAE-Israel accord could bring new sparkle to Dubai diamond trade

UAE-Israel accord could bring new sparkle to Dubai diamond trade

by Reuters and ILH Staff

Dubai, with $21.2 billion in diamonds traded last year, and Israel, with around $12 billion, are the Middle East’s main diamond centers.

Israel's Elbit signs $50M contract with US military

Israel's Elbit signs $50M contract with US military

by News Agencies and ILH Staff

Leading Israeli defense contractor to produce spare parts for the aviators' night vision imaging system head-up display system of the US Army.

Israel's diamond industry grinds to halt amid pandemic

Israeli, Dubai diamond exchanges ink trade deal

by Gilad Zwick, AP and ILH Staff

Israel is a world leader in the polishing of large diamonds. Dubai, a regional financial hub, also hosts an emerging diamond trade, which in 2019 exported diamonds worth upward of $23 billion.

Israeli regulator to approve Leumi Card sale to private US equity firm

Bank Leumi signs deals with First Abu Dhabi Bank, Emirates NBD

by Reuters and ILH Staff

On Monday, Israel's largest lender, Bank Hapoalim, signed a memorandum of understanding with Emirates NBD, Dubai’s largest bank.

Israeli exec to play leading role in Intel's race for the future

Israeli exec to play leading role in Intel's race for the future

by Hili Yacobi-Handelsman

Benatar is the general manager of the company's Fab28 plant in Israel. He joined Intel in 1993 as a diffusion student and later worked as an engineer when it built its first plant in the country, in Jerusalem.

Apple

Apple reaches $2 trillion market value as tech fortunes soar

by AP and ILH Staff

Apple’s stock has climbed nearly 58% this year. In recent weeks, the rally has been bolstered by excitement over a four-for-one stock split that Apple announced late last month in an effort to make its shares more affordable to a wider swath of investors.

Netafim announces $85M deal to supply advanced irrigation tech to India

Netafim announces $85M deal to supply advanced irrigation tech to India

by ILH Staff

Some 35,000 farmers in 66 villages in the state of Karnataka will benefit from digitally advanced irrigation systems, as well as training and support.

Israeli flag carrier to fire 1,700 as part of gov't bailout plan

American Israeli Eli Rozenberg gets initial gov't okay to purchase El Al

by Shimon Yaish and ILH Staff

The Israel Corporations Authority says it will allow Eli Rozenberg, a 30-year-old immigrant to Israel from the US, to purchase a 44.9% controlling stake of El Al Israel Airlines.

Despite pandemic, Israeli startups raise $700M in July

Despite pandemic, Israeli startups raise $700M in July

by ILH Staff

The local high tech industry raised a record $8.3 billion in 2019 and its performance over the first seven months of 2020 puts it on course to exceed last year's record.

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