Special purpose acquisition companies raise money via an initial public offering, which is then used to buy a private firm that can become publicly listed, providing an alternative to a traditional IPO. "We decided to open the market with minimum requirements that are relatively high," Israel Securities Authority chief says.
The central bank has established a panel led by its deputy governor to study the feasibility of such a move and how a digital shekel would benefit the economy.
According to data, in 2020 alone the total consumption of natural gas (including export) increased by a whopping 24%.
South Korea, world's 12th-largest economy, is already a vital trading partner for Israel. Deal will be the first such signed between Seoul and Israel, or any country in the Middle East.
Although much of Israel's economy has reopened and foreign tourism is expected to gradually resume later this month after a steep drop in infections, the jobless rate continues to remain higher than just before the crisis.
Intel CEO Pat Gelsinger also says the global tech giant has begun building another chip plant in Kiryat Gat, adjacent to its existing Fab 28 plant, and is investing $10 billion in the project.
Israel Securities Authority clears way for Israeli corporations to become members of Dubai's Gold and Commodities Exchange, use its services and platforms and also act as market makers.
The Israeli-based pharmaceutical giant has focused on reducing its huge debt load, which stood at $23.2 billion at the end of March.
Delek Drilling, owned by the Israeli billionaire Yitzhak Tshuva, reaches understanding with Mubadala Petroleum, part of a conglomerate owned by the government of Abu Dhabi.
New AI platform developed by Sealed helps enterprises enforce regulatory compliance in real-time based on the detection of fraudulent call patterns perpetrated intentionally or negligibly by salespersons.