Smotrich Warns Israeli Banks Against Judea and Samaria Sanctions

The finance minister said he would promote legislation that imposes high compensation on banks whose clients are harmed as a result of their actions.

Nvidia Deepens Israel Investment with Major Tel Aviv Expansion

Tech Giant Leases 10 More Floors in Rubinstein Towers, Cementing Tel Aviv as Key Hub

MrBeast Goes Kosher

OU certifies chocolate bars under MrBeast Feastables brand.

El Al Profits Soared in 2024 Due to War

El Al, Israel’s national carrier, posted a record net profit of $545 million in 2024.

Israel-Raised Pioneer’s Safe Superintelligence Startup Raises $2b

Ilya Sutskever’s new venture operates with extreme secrecy from offices in Silicon Valley and Tel Aviv.

Israel Approves $1 Billion Development Plan for Druze, Circassian Communities

“This is an unprecedented plan that will catapult Druze society forward,” Netanyahu said of the largest economic initiative proposed for those communities.
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Trump Unveils Historic Trade Corridor Linking India, Israel, Italy, US

"It's a big development. It's a lot of money going to be spent and we've already spent some, but we're going to spending a lot more."

Report: Morocco Buy Artillery from Israel Instead of France

Technical failures convinced Rabat to switch from government-owned KNDS France to Elbit's ATMOS 2000 system.

New Program Will Promote Sale of Golan Produce

“Golan Buys Golan” offers direct sale of Golan produce from farmers to consumers.

Riyadh to Invest $600b in US, per Official Saudi Media

Israel-Saudi normalization is “more closely tethered to the U.S.-Saudi economic and defense relationship than advancement in the Palestinian track,” said Dan Diker, of Jerusalem Center for Public Affairs.

Kohelet Policy Forum Excluded from Israel’s Tax-Exempt List

The Jerusalem-based think tank is confident that it will ultimately be approved amid a Tax Authority probe into allegations of partisan political activity.

Israel Strips Amnesty of Tax Benefits Over Anti-Israel Activities

“Whoever acts against the State of Israel will not be eligible for benefits from the State of Israel," Finance Minister Bezalel Smotrich said.

US Government Agrees to Confer ‘Minority’ Status on Jewish-Owned Businesses

“We’re going to be able to benefit from billions of dollars of these programs,” Duvi Honig, of the Orthodox Jewish Chamber of Commerce, told JNS.

Israel Inks US Aid-Funded Contract to Expand Iron Dome Production

The aid, approved in April 2024, includes $5.2 billion for strengthening the Jewish state's missile defense systems.

Israeli Tech Surpasses $12b in Funding in 2024 Amid Ongoing Conflict

"The return of President Trump and the ongoing development in the Middle East introduces fresh opportunities for Israel's tech ecosystem," said Startup Nation Central CEO Avi Hasson.

Israel Sees Record-Breaking $10.5 Billion in Startup Acquisitions

More than 200 venture capital partners, investors, and entrepreneurs gathered in Tel Aviv on Thursday for the annual 2024-2025 Trends and Forecasts conference.

Jewish, Israeli Americans Face ‘Substantial’ Hiring Bias, ADL Study Finds

“This is groundbreaking evidence of serious antisemitic discrimination in the labor market,” said Jonathan Greenblatt, CEO of the ADL.

Israel’s AI Sector Outpaces Global Rivals, Defying Adversity

One of the most unique features of Israel’s AI ecosystem is its ability to attract early-stage funding.

Iranian Rial Reportedly at Historic Low, as Trump Wins US Election

"Speaks for itself," wrote Jason Brodsky, policy director at United Against Nuclear Iran.

Israelis Seeking Cheaper Ways to Fly to NY

The cost of a plane ticket to the US on an El Al flight currently starts at close to $1,000 and the flights are packed

US Treasury Deputy Raises Concerns Over Israeli ‘Threats’ Against PA Banks

On Aug. 21, Ramallah claimed its economy was at risk of collapsing within "days" after Israeli banks stopped accepting Palestinian Authority cash deposits.

Israel’s High-Tech Sector Defies War With $9 Billion in Investments

Despite a year of war, Israel’s high-tech industry has been surprisingly stable.

US Agency Targeting Israeli Brass Company for Political Reasons, CEO Says

Finkelstein said that the case against his company was brought by the two dominant U.S. players in the sector, Mueller Industries and Wieland Copper Products, which account for about 85% of the market.

‘Operation Jack Sparrow’ Reveals Massive Smuggling Ring at Ashdod Port

Among the dozens of suspects arrested in the Tuesday morning raids was an employee of the Ministry of Transportation.

Starlink Stations Arrive in Israel for Embattled North

Elon Musk's Starlink will become active in Israel's north in the coming days with the arrival of dozens of satellite internet stations.

Israel Shifts Gears: 20,000 Homegrown Drones on the Horizon

Ambitious tender aims to boost domestic production and reduce China dependence.

MSCI Under Investigation for Allegedly Penalizing Israeli Banks that Operate in Judea, Samaria

“This is BDS. No doubt about it,” Richard Goldberg, of the Foundation for Defense of Democracies, told JNS.

Colombia Cuts Coal Exports to Israel Over Gaza War

The Latin American country is the largest supplier of the fossil fuel to the Jewish state.

Israel’s Foreign Reserves $213.634 Billion End of July

This is an increase of $3.353 billion from their level at the end of the previous month.

Printed from: https://jewishpress.com/israels-foreign-reserves-213-634-billion-end-of-july/

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