Business & Finance

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

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’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.

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.

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.

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.

“Israelis have a positive reputation for innovation in China,” an executive from a cyber-security company said, with Israeli firms supplying a range of advanced products in China – from “smart factories” to protecting online ads.

However, the average value of exits in the first half of 2020 was $112 million, the highest since 2015. Global pandemic has had "significant affects" on high tech industry, analyst says.

In June alone, 2,038 Israelis filed for bankruptcy, compared to 1,165 applications in June 2019, Justice Ministry says. Businesses in the restaurants, tourism, and events industries struggle the most.

The prospective buyer is the son of businessman Ken Rozenberg, owner of one of the largest chains of nursing homes in the United States.