The final leg of the 2023 report season on Wall Street witnessed a stark downturn as one of the prominent Israeli company, listed on the New York Stock Exchange, unveiled its financial performance. Solaredge, a leading player in solar energy technology, found itself...
Elbit Systems, a leading Israeli defense technology company, disclosed on Tuesday that it has secured a substantial contract worth approximately $300 million. The agreement entails supplying weapons, patrol, driving, and situational awareness systems to an undisclosed...
Tower Semiconductor, an Israeli chip manufacturing company, has made a significant move by submitting an offer to the Indian government to construct a chip factory in India at a whopping cost of $8 billion. This ambitious endeavour, as reported by the Indian Express,...
In recent days, the chip market has been buzzing with positive news, and industry experts are expressing optimism about its future. The Philadelphia Chip Index, a leading indicator in the sector, surged to an all-time high, marking a remarkable 57% increase in the...
In a strategic move, One Zero, the Israeli digital bank controlled by Prof. Amnon Shashua, is gearing up for a significant expansion into Italy. Advanced negotiations with the Generali Group have set the stage for this ambitious venture, marked by the establishment of...
Despite the global economic upheavals in 2023, Israeli companies on Wall Street experienced a remarkably successful year, with the top 10 companies collectively reaching a valuation of over $130 billion. This surge represents an impressive 30% increase compared to the...
Perion, a leading player in the digital advertising arena, has made a significant move by acquiring Canadian-based Hivestack for a hefty $100 million. This strategic investment marks Perion's entrance into the realm of Digital Out of Home (DOOH) advertising,...
In the dynamic realm of technology ventures, Next Vision has risen as a standout presence in the drone camera manufacturing sector, earning itself a prominent position on the Tel Aviv Stock Exchange. Boasting an impressive 84% surge in sales and a remarkable 150%...
Bank Leumi, one of Israel's leading financial institutions, has made a significant announcement regarding anticipated credit card losses due to the ongoing war with Hamas, which began on October 7, 2023. This revelation comes as the banking sector grapples with the...
Officials from Israel and Germany have signed a contract worth nearly €4 billion for the purchase of the Arrow 3 long-range air defence system, which was developed by Israeli and American engineers. This is Israel's largest defence contract ever, and it comes as...