Economy

Strauss Group's share price down by 9% as what was first considered a minor glitch at the company's Nof Hagalil factory turns out to be a much more comprehensive problem.

Yisrael Beytenu leader Avigdor Lieberman is said to use his personal contacts in the Muslim nation to secure contracts ensuring the supply of viral raw materials, such as wheat, oil and urea, to Israel. Regular supplies have been disrupted over the Russia-Ukraine war.

Last summer, Israel found itself without sufficient gas to meet increased electricity consumption demands, and had to fall back on expensive and polluting coal and diesel.

According to IVC-LeumiTech Israeli Tech Review for Q1 2022, the 212 deals closed during the quarter were below the quarterly average for "phenomenal" year 2021.

The US rating agency pointed to the country's strong economic growth and the government's "reform agenda" on challenges such as labor productivity and the participation of underrepresented communities in the workforce.

Due to a manpower shortage, many food products are now taking upwards of two weeks to be released instead of the regular two days. Consumers, meanwhile, are being forced by importers to foot the bill of lengthy refrigeration costs.

FDA approves Cartiheal's Agili-C implant for the treatment of knee joint surface lesions, chondral, and osteochondral defects.

Brothers Idan and Eyal Ofer, the Wertheimer family, Yitzhak Tshuva, Liora Ofer, Adam Neumann, and Dr. Miriam Adelson are among the Israelis to make the prestigious World's Billionaires list.

Jerusalem and Abu Dhabi's bilateral trade exceeds $600 million. PM Bennett calls the conclusion of negotiations "an important moment in relations between the State of Israel and the UAE."

Customers of Leumi's digital arm, Pepper Invest, will be able to buy, hold and sell cryptocurrencies, limited to Bitcoin and Ethereum, for now, in transactions worth at least 50 shekels ($15.49).