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An illustrative image of digital payments and digital currency (sefa ozel; iStock by Getty Images)
Central banks of Israel, Norway and Sweden model hub for digital currency payments
By Sharon Wrobel
Bank of Israel shares results of joint cross-border central bank digital currency (CDBC) research project, which paves path for potential issuance of digital shekel
Shoppers at a Spar supermarket in Johannesburg, South Africa, March 24, 2020 (AP Photo/Denis Farrell)
Shufersal injects NIS 28 million to open Dutch SPAR chain in Israel
By Sharon Wrobel
Israel’s biggest supermarket chain inks deal to exclusively import and sell SPAR products in Israel, vowing to increase competition and bring down food prices
Samsung Director of Open Innovation Lior Yekoutieli (left) with the Israel research team. (Courtesy)
Samsung kicks off Israeli tech startup program for its mobile devices products
By Sharon Wrobel
Selected Israeli startups will receive a $50,000 grant for a six-month period; tech will be integrated into Samsung products
Kosher, now maybe halal: Aleph Farms gears up for rollout of cultivated steak
By Sharon Wrobel
Aleph Farms is seeking to become the first halal-certified cultivated meat producer, as the Rehovot-based startup is gearing up to open two new facilities, in Israel and Singapore, to ramp up production ahead of the commercial launch of its thin-cut steaks. The maker of cultivated meat -- meat... Continue Reading
Aleph Farms' cultivated thin-cut steak. (Courtesy)
Fitch affirms Israel’s A+ rating, but warns of impact of planned judicial overhaul
By Sharon Wrobel
Fitch Ratings affirmed Israel’s A+ credit rating with a stable outlook on Wednesday, citing the country’s “diversified, resilient” economy, while warning that the government’s planned judicial changes could have a “negative impact” on the country’s credit profile. Fitch cautioned that the judicial overhaul could weaken institutional checks, leading to "worse policy outcomes or... Continue Reading
Illustrative: An aerial view of the Tel Aviv Stock Exchange and the surrounding area, April 20, 2022. (Matanya Tausig/Flash90)
Illustration: Antibodies attacking contagious virus cells (wildpixel; iStock by Getty Images)
Israel lab backed by pharma giants mints startup for computer-designed antibodies
By Sharon Wrobel
AION Labs, a consortium formed by Pfizer, Merck, AstraZeneca, Teva and others, sets up company to build a computational platform to design live-saving antibodies from scratch
A stock market ticker in the lobby of the Tel Aviv Stock Exchange, March 15, 2020. (Flash90)
Goldman Sachs warns of continued shekel ‘risk’ premium driven by judicial turmoil
By Sharon Wrobel
Since the end of January, the shekel has ‘significantly’ underperformed global markets; investment bank sees further weakness risk for the currency in short term
The Tel Aviv Stock Exchange, in the center of Tel Aviv, December 25, 2018. (Adam Shuldman/Flash90)
Shekel is world’s 3rd-worst performer in February as judicial jitters weigh on market
By Sharon Wrobel
Wiz raises $300m at $10b valuation, says funds will stay in US amid judicial shakeup
By Sharon Wrobel
Almost three years after it was founded, US-Israeli cybersecurity startup Wiz is being valued at a staggering $10 billion after raising $300 million in its latest private funding round, the company announced on Monday, adding that the money will not be invested in Israel given the uncertainty around the country's judiciary system... Continue Reading
Wiz's offices in Tel Aviv. (Courtesy)
Balena's slides biodegrade back into the earth without leaving harmful waste and chemicals. (Courtesy)
Designed in Italy with Israeli knowhow, startup debuts compostable footwear
By Sharon Wrobel
Balena develops what it describes as the world’s first fully compostable plastic fashion product, decomposing into the ground without leaving harmful waste and chemicals
Finance Ministry chief economist warns judicial shakeup poses risk to growth
By Sharon Wrobel
The Finance Ministry’s chief economist warned that the planned changes to Israel’s judicial system are poised to harm economic growth and investments in the country. “At the time of writing this document, substantial legislative amendments concerning the legal system are underway in the Knesset,” the Finance Ministry’s chief... Continue Reading
Israeli workers stage a one-hour strike against in Tel Aviv against the government's judicial overhaul plan. (Courtesy)
In this picture from left: Redefine Meat's plant-based steak, Plantish's plant-based salmon fillets, and plant-based 'egg' by Israeli startup Yo! Egg. (Credits: Redefine Meat, Plantish, Yo! Egg)
Israeli startups rank second after US in alternative protein investments in 2022
By Sharon Wrobel
GFI Israel says food tech investments in Israel were impacted the least by the market slowdown; 60% of all investments in food tech companies went to alternative protein startups
Yasser Biaz, CEO of Morocco's UM6P Ventures speaks at OurCrowd Global Investor Summit in Jerusalem, Feb. 15, 2023. (Tomer Foltyn/OurCrowd)
Morocco venture capital firm seeks more investments in Israeli tech startups
By Sharon Wrobel
UM6P Ventures looks to Israeli startups to add to its portfolio in the areas of biotechnology, agrotech and alternative proteins
Ben Rabinowitz, founder of venture capital firm Amiti Ventures. (Courtesy)
Sharon Wrobel
Interview
Sharon Wrobel
Israel judicial plan sparks brain drain fears, threatens US tech gateway: VC firm
Founder of venture capital firm Amiti Ventures warns judicial changes will further weaken shekel, lead to credit rating cut and higher interest rates pushing mortgage costs up
Illustrative: The Psagot Investment House headquarters in Tel Aviv. January 22, 2022. (Nati Shohat/Flash90)
Leading investment firms warn of uncertainties caused by legal overhaul
By ToI Staff
A robot prepares a bag of Nespresso coffee capsules ahead of its distribution to a customer, at the automated storeroom designed by the Israeli company 1MRobotics, in Tel Aviv, January 11, 2023. (JACK GUEZ/AFP)
Israeli startup deploys robots to boost pace of online shopping deliveries
By Jonah Mandel
Company’s robots can manage small automated storerooms, quickly packaging items for speedy collection by customers, couriers
Delta Israel offers to snap up retail chain Golf in an all-cash deal
By Sharon Wrobel
Delta Israel Brands Ltd., the Israeli spinoff of textile manufacturer Delta Galil Industries Ltd., announced on Tuesday that it has entered into a non-binding agreement to buy all of the shares in fashion and home design retail chain Golf & Co Group Ltd. According to the initial agreement, Delta Israel made an offer... Continue Reading
Fashion and home design retailer Golf & Co. Group has about 330 stores in central locations throughout Israel. (Nati Shohat/ Flash 90)
Israeli startup Finq develops AI-based online marketplace for financial products. (Courtesy)
Israeli fintech startup nabs $6 million from Palo Alto’s Nir Zuk
By Sharon Wrobel
Finq was founded in 2019 and has developed an AI-based digital marketplace for investment, pension, and insurance products
Workers from the high-tech sector protest against the proposed changes to the legal system, in Tel Aviv, on February 7, 2023. (Tomer Neuberg/Flash90)
For third week in a row, tech workers in Israel rally against judicial overhaul
By Sharon Wrobel
Meitav Dash Investments vice chairman says customers are starting to open accounts abroad; cybersecurity firm Wiz confirms it will move bank funds out of Israel
Tech firm Skai said set to pull funds from Israel due to judicial overhaul plans
By ToI Staff
Economy minister: Judicial shakeup plan won’t affect investments
By Sharon Wrobel
Unicorn CEO says he’ll leave Israel, stop paying taxes to protest legal overhaul
By ToI Staff
Israeli startup MetoMotion's greenhouse robotic worker picks and packs tomatoes. (Courtesy)
Israeli startup develops first AI robot for picking tomatoes
By Sharon Wrobel
MetoMotion says driverless machine slashes harvesting costs by 50%; startup seeks to raise $8 million to scale up production
Israeli startup Verobotics develops autonomous AI-powered robots used to clean and inspect the facades of high-rise buildings. (Courtesy)
Meet the Israeli robot spiderman that will clean skyscraper facades in Hong Kong
By Sharon Wrobel
The new Tel Aviv University robot, with smell capabilities that use a locust's antenna (YouTube screen grab/Tel Aviv University)
Israeli robot fitted with locust antenna gains scent superpowers
By Nathan Jeffay
Eynat Guez, co-founder and CEO of workplace management platform Papaya Global. (Courtesy)
Israel payroll platform Papaya Global says it plans to move funds out of country
By Sharon Wrobel
CEO Eynat Guez says planned judicial changes threaten democracy, hurt economy; VC fund Disruptive AI says foreign investors worry, ask for funds to be held in banks outside Israel
Israeli startup GreenOnyx showcases fully-automated technological platform for growing fresh green vegetables. (Courtesy)
Agriculture 4.0: Israeli startup sets up smart urban farm for fresh green superfood
By Sharon Wrobel
GreenOnyx has developed a sterile, fully autonomous modular tech farm to grow fresh ready-to-eat duckweed-based green superfood for daily intake
Pigmentum founders Tal Lutzky and Amir Tyroler hold up lettuce used to produce animal-free milk protein. (Courtesy)
Israeli agrotech startup pulls in $6m for cow-free milk and cheese made from lettuce
By Sharon Wrobel
Apollo Power opens first-of-its-kind factory for mass production of lightweight flexible solar panels. (Ilan Safra/Courtesy)
Israel’s Apollo Power opens ‘world’s first’ factory for flexible solar film panels
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 )
March 9, 2023, 3:17 pm
Israeli entrepreneurs seen incorporating startups in the US amid judicial overhaul
Some local tech firms are reincorporating their businesses abroad, wiping out 30 years of ‘investor education’ about Israel, lawyers warn
By Shoshanna Solomon
She codes holds female community events for aspiring software developers. (Inbal Marmeri/Courtesy)
March 8, 2023, 1:23 pm
From seamstress to software developer: A female community helps women take the leap
Ruth Polachek, founder of she codes, says if women focus and persevere they can make up 50% of software developers and triple their salary
By Sharon Wrobel
Screen grab from NYSE video marking Riskified's IPO, August 3, 2021. (Used in accordance with Clause 27a of the Copyright Law)
March 8, 2023, 11:35 am
Tech unicorn taking $500 million out of Israel, offers some staff relocation packages
Riskified CEO worried gov’t may limit transfers amid financial instability; says limited number of workers can relocate to Portugal, others will have support if move independently
By ToI Staff
This Aug. 13, 2010 photo shows a sign for Moody's Corp. in New York. (AP Photo/Mark Lennihan)
March 7, 2023, 11:57 pm
Moody’s warns judicial shakeup could scorch Israel’s credit outlook
Company says overhaul will weaken country’s institutional strength, leading to ‘longer-term risks for economic prospects’
By ToI Staff
Illustrative: Elderly people walk together in downtown Jerusalem, September 11, 2022. (Nati Shohat/Flash90)
March 7, 2023, 7:48 pm
Insurtech startup raises $42.5m in fresh funds to help elderly ‘age successfully’
Funding follows partnerships with leading long-term care insurance carriers over the past year and members on startup’s platform soar by over 300%
By Sharon Wrobel
Geraniums growing in Bioplasmar's biodegradable pots. (Zamir Eldar, Paris, February 5, 2017)
March 7, 2023, 2:34 pm
In breakthrough, Israeli firm learns how to control breakdown speed of compost items
Bioplasmar says it can determine how long its biodegradable plant pots will stay firm on the shelves, before disintegrating when planted into the soil, paving way for other uses
By Sue Surkes
An illustrative image of digital payments and digital currency (sefa ozel; iStock by Getty Images)
March 6, 2023, 5:06 pm
Central banks of Israel, Norway and Sweden model hub for digital currency payments
Bank of Israel shares results of joint cross-border central bank digital currency (CDBC) research project, which paves path for potential issuance of digital shekel
By Sharon Wrobel
Samsung Director of Open Innovation Lior Yekoutieli (left) with the Israel research team. (Courtesy)
March 5, 2023, 5:16 pm
Samsung kicks off Israeli tech startup program for its mobile devices products
Selected Israeli startups will receive a $50,000 grant for a six-month period; tech will be integrated into Samsung products
By Sharon Wrobel
Shoppers at a Spar supermarket in Johannesburg, South Africa, March 24, 2020 (AP Photo/Denis Farrell)
March 5, 2023, 1:31 pm
Shufersal injects NIS 28 million to open Dutch SPAR chain in Israel
Israel’s biggest supermarket chain inks deal to exclusively import and sell SPAR products in Israel, vowing to increase competition and bring down food prices
By Sharon Wrobel
Aleph Farms' cultivated thin-cut steak. (Courtesy)
March 2, 2023, 5:22 pm
Kosher, now maybe halal: Aleph Farms gears up for rollout of cultivated steak
Startup plans to operate the world’s first halal-certified facility for the production of cultivated meat in Singapore; buys Israel factory ahead of commercial launch
By Sharon Wrobel
Elbit Systems' ATMOS 2000 self-propelled howitzer, which will serve as the basis for the IDF's next artillery cannon, as seen on May 19, 2008. (Rowielip/Wikimedia/CC BY-SA 3.0)
March 2, 2023, 2:22 pm
Elbit inks $252 million deal to supply unnamed NATO country with rocket systems
Announcement comes after Denmark said it’s in talks with Israeli firm to fill ‘critical gap’ after pledging all of its howitzers to Ukraine to fend off Russian invasion
By Emanuel Fabian and AFP
Illustrative: An aerial view of the Tel Aviv Stock Exchange and the surrounding area, April 20, 2022. (Matanya Tausig/Flash90)
March 1, 2023, 8:44 pm
Fitch affirms Israel’s A+ rating, but warns of impact of planned judicial overhaul
Ratings agency cites risks to Israel’s system of checks, investor sentiment; cautions about importance of central bank independence for credibility of policy-making
By Sharon Wrobel
The Tel Aviv Stock Exchange, in the center of Tel Aviv, December 25, 2018. (Adam Shuldman/Flash90)
March 1, 2023, 7:46 pm
Shekel is world’s 3rd-worst performer in February as judicial jitters weigh on market
Local currency weakens 6% and stocks drop as foreign investors step up activity in Israel’s foreign exchange market, amid concern over economic repercussions of overhaul
By Sharon Wrobel
Illustration: Antibodies attacking contagious virus cells (wildpixel; iStock by Getty Images)
February 28, 2023, 5:21 pm
Israel lab backed by pharma giants mints startup for computer-designed antibodies
AION Labs, a consortium formed by Pfizer, Merck, AstraZeneca, Teva and others, sets up company to build a computational platform to design live-saving antibodies from scratch
By Sharon Wrobel
Wiz's offices in Tel Aviv. (Courtesy)
February 27, 2023, 6:28 pm
Wiz raises $300m at $10b valuation, says funds will stay in US amid judicial shakeup
US-Israeli cybersecurity CEO says he is worried not only about tech capital being pulled out of Israel but that funds will no longer enter due to uncertainty regarding legislation
By Sharon Wrobel
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