Mobileye, an automotive technology company, reported a 16% increase in revenue compared to the same time period in the previous year. In spite of this, the company has lowered its forecast for 2023 as a result of escalating economic challenges in the market and a...
Elon Musk, Twitter's billionaire owner, is making the social media platform more like a finance machine. Musk recently stated at a Morgan Stanley conference that he is striving to make Twitter the "biggest financial institution in the world. The "Cashtag" feature has...
Rafael, a leading Israeli defense company, has signed two major agreements with Greece and Finland to supply them with advanced military munitions. The first deal with Greece is worth €370 million (1.44 billion shekels) and involves the supply of sea, air, and land...
Entain (LON: ENT), the UK-based sports betting and gaming group, has acquired 365Scores, an Israeli sports media company, for $150 million, along with additional milestone payments of up to $10 million. The move is part of Entain's ongoing efforts to expand its...
A contract worth approximately $280 million was awarded to Elbit Systems Ltd. (NASDAQ:ESLT and TASE: ESLT) to supply precision munitions, radio and defense electronics systems, and maintenance services to a European Country. The term of this agreement is for three...
US-based multinational technology conglomerate Cisco Systems has announced its acquisition of Israeli start-up Lightspin, a cloud security platform company, for an estimated $200 million. CEO Vladi Sandler and CTO Or Azarzar, the founders of the Israeli company, both...
Israeli banks Bank Leumi (TASE: LUMI) and Mizrahi Tefahot (TASE: MZTF) reported record profits for 2022, citing a growth in the credit portfolio and an increase in interest rates as the main reasons behind the great performance. Leumi Bank's net profit for 2022...
ZIM Integrated Shipping Services (NYSE: ZIM), the Israeli shipping company, reported an outstanding year in 2022. Under the management of Eli Glickman, the company reported a 17% growth in revenue to $12.56 billion and came very close to the record profits it recorded...
Shemen Industries (TLV: SMNIN), a company that has been in operation for over 100 years, recently changed its business focus. The company, which was previously known for producing edible oils under the brands "Olive Tree" and "Milomor," has now turned its attention to...
El Al Israel Airlines (TLV: ELAL), Israel's national carrier, reported a profit in 2022 after a two-year loss of nearly $1 billion. Following the pandemic, which resulted in organizational restructuring and new ownership, the airline ended 2022 with a $109 million net...