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Israeli high tech

Prime Minister Benjamin Netanyahu, with Finance Minister Bezalel Smotrich at his side, and other coalition ministers and MKs celebrate the passage of the state budget in the Knesset, May 23, 2023. (Yonatan Sindel/Flash90)
Sharon Wrobel
Analysis
Sharon Wrobel
Netanyahu’s fat man, thin man and the burden of the new state budget
As more funds are funnelled to the ultra-Orthodox community, other budgets for investment in high-tech are reduced; reforms for tackling high cost of living are suffering
For Illustation: View of solar panels set up in the Negev desert, June 19, 2018. (Miriam Alster/Flash90)
Israel earmarks NIS 75 million for five new tech innovation hubs in the periphery
By Sharon Wrobel
Illustrative: Skyscrapers in Tel Aviv. March 2023. (Anna Arinshtein via iStock by Getty Images)
Tel Aviv moves up to 5th place in annual ranking of best global tech ecosystems
By Sharon Wrobel
Illustrative: Skyscrapers in Tel Aviv. March 2023. (Anna Arinshtein via iStock by Getty Images)
June 15, 2023, 6:24 pm
Tel Aviv moves up to 5th place in annual ranking of best global tech ecosystems
City climbs two spots since last year, in new Startup Genome survey ranking; Silicon Valley maintains its first-place position followed by New York City and London
By Sharon Wrobel
Outgoing Finance Ministry chief economist Shira Greenberg speaks at the Aaron Institute for Economic Policy conference at Reichman University, June 14, 2023. (Oren Shalev)
June 14, 2023, 2:28 pm
Business execs urge Netanyahu to let opposition have seat on judicial panel
Entrepreneurs and investors warn of ‘irreversible’ damage to economy; outgoing Finance Ministry chief economist calls on government to clear up political uncertainty
By Sharon Wrobel
For Illustation: View of solar panels set up in the Negev desert, June 19, 2018. (Miriam Alster/Flash90)
June 13, 2023, 8:32 pm
Israel earmarks NIS 75 million for five new tech innovation hubs in the periphery
Tech hubs will be established in the Negev and Galilee to boost local high-tech employment and entrepreneurship in areas of agriculture, food, energy and climate change solutions
By Sharon Wrobel
BlackRock's office in the Hudson Yards neighborhood of New York City. (AP Photo/Ted Shaffrey)
June 8, 2023, 3:05 pm
BlackRock snaps up provider of loans to Israeli and European startups
With offices in Israel, Kreos lends to startups including Israeli taxi-hailing app Gett, energy tech firm SolarEdge, and biotech firm BiolineRX
By Sharon Wrobel
A illustrative view from Mount Carmel of the Haifa port and the Mediterranean Sea, January 2021. (Svarshik via iStock by Getty Images)
June 7, 2023, 10:05 am
OECD projects more moderate growth for Israel, citing judicial overhaul tensions risk
International economic organization slightly lowers Israeli GDP forecast to 2.9% in 2023 and 3.3% in 2024, notes underperformance of shekel and local stock market
By Sharon Wrobel
Fusion's alumni network of over 200 hi-tech entrepreneurs brings together Israeli pre-seed startups and first-time founders. (Courtesy)
June 1, 2023, 7:08 pm
Accelerator Fusion secures $20m for investments into Israeli early-stage startups
Backed by American VC firm Insight Partners, the pre-seed fund seeks to invest into 60 to 80 startups and first-time founders by 2026
By Sharon Wrobel
Israeli high-tech entrpreneur Yossi Vardi speaks at the Israel Democracy Institute conference in Jerusalem, May 31, 2023. (Oded Karni)
May 31, 2023, 6:08 pm
Startup guru Vardi warns ‘there will be no high-tech or foreign currency’
Veteran entrepreneur and investor says Israeli tech sector faces ‘terrible crisis,’ urges decisionmakers to resolve political debate around judicial overhaul
By Sharon Wrobel
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Israeli delegation to the UN (courtesy)
May 30, 2023, 7:50 pm
Airwayz Featured at United Nations Sustainable Technology and Innovation Forum
Prime Minister Benjamin Netanyahu, with Finance Minister Bezalel Smotrich at his side, and other coalition ministers and MKs celebrate the passage of the state budget in the Knesset, May 23, 2023. (Yonatan Sindel/Flash90)
May 24, 2023, 11:13 pm
Netanyahu’s fat man, thin man and the burden of the new state budget
As more funds are funnelled to the ultra-Orthodox community, other budgets for investment in high-tech are reduced; reforms for tackling high cost of living are suffering
By Sharon Wrobel
An illustrative photo of the Tel Aviv financial business district skyline. (Elijah Lovkoff via iStock by Getty Images)
May 16, 2023, 7:24 pm
Finance Ministry cuts economic growth forecasts as tax revenue and investments cool
Treasury revises 2023 growth forecast down to 2.7% from 3% as economic slowdown will lower tax revenue this year by NIS 5.3b; sees judicial uncertainty affecting foreign investment
By Sharon Wrobel
Workers in a startup (Vadim_Key; iStock by Getty Images)
May 16, 2023, 1:48 am
25% of tech firms plan layoffs after demand for workers halved in 2022 — report
New survey shows 17,000 open positions in high-tech industry at end of last year, down from 32,900; warns global recovery could bypass Israel if political uncertainty continues
By Sharon Wrobel
From right to left: Marian Cohen, chairman of the Israel Hi-Tech Association; Maya Schwartz, CEO of the Israel Hi-Tech Association; and Dongbeom Lee, chairman of KISIA sign agreement on cybersecurity cooperation, May 10, 2023. (Credit: Israel Hi-Tech Association)
May 11, 2023, 7:56 pm
Israel high-tech and Korea industry groups sign accord on cybersecurity cooperation
Agreement looks to facilitate entry of Israeli cyber firms to Asian markets and help Korean firms with US market exposure
By Sharon Wrobel
Investor panel discussing M&A in Israel at the GoforIsrael conference in Tel Aviv, May 3, 2023. (Shai Shviro/Courtesy)
May 3, 2023, 8:30 pm
Turkey conglomerate sees opportunities for collaboration with Israeli startups
Sabanci Group, majority owner of Israeli cybersecurity startup Radiflow, says Turkey needs Israel agritech and water tech
By Sharon Wrobel
Tech workers march in Tel Aviv to protest against the government's planned overhaul of the judicial system, January 31, 2023. (Tomer Neuberg/ Flash90)
May 1, 2023, 11:27 pm
Government agency warns judicial uncertainty will damage tech ecosystem
Israel Innovation Authority predicts Israeli startups will struggle to raise capital, forcing them to shut their operations or move to other countries if uncertainty is not lifted
By Sharon Wrobel
Erel Margalit, founder and chairman of JVP at a protest against the judicial overhaul in Haifa. (Micha Brickman/Courtesy)
April 25, 2023, 4:53 pm
Tech investors are waiting for ‘sanity’ to return to Israel, says JVP founder
Israeli entrepreneur and investor Erel Margalit says tech workers’ protests show that the government will not succeed with judicial overhaul push
By Sharon Wrobel
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