Economics
Israeli Ministry of Defense joins venture fund for weapons development
MAFAT has entered into a strategic partnership and advisory role with Altshuler Shaham's new venture capital fund.
357 foreign workers arrive in Israel amidst ongoing war
Following the Hamas massacre in Israel on October 7th, Israel's agriculture and construction industries faced a shortage of approximately 100,000 workers.
Microsoft Israel encourages reservists to submit their resumes
Microsoft is inviting reservists to submit their resumes for positions within the company, assuring maximum flexibility for interview scheduling.
Saudi Arabia and Russia extend voluntary oil production restrictions
Saudi Arabia extends its voluntary reduction in oil production, with other OPEC+ members also supporting production limitations.
Budget airline EasyJet cancels flights to Israel until October
The company has paused its flight operations to and from Tel Aviv "due to the evolving situation in Israel"
Ministry of Defense orders ammunition worth 1.6 billion NIS from Aviation Industry
The Ministry of Defense has been actively working to decrease Israel's reliance on foreign weapons and ammunition imports.
El Al reports quadrupled profits amid war and closed skies
In total, the company achieved a record-breaking revenue of $2.5 billion for the year, with profits climbing by 7%.