Even before the security crisis in October, the first three quarters of 2023 showed a 60% decrease in volume and a 21% decrease in the number of transactions.
The latest Melnick report gives one of the first concrete indications about the war’s effect on the Israeli economy.
The economic price Israel is paying for the war on Hamas, with the Manufacturers Association reporting that the economy had already lost NIS 4.6 billion.
This marks a reversal, as Israel had managed in the past decade to persuade more of its startups to set up their legal identity domestically.
Intel does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away.
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The state’s privatization agency said it would sell 100% of Israel Post Co. to an investor or group of investors.
The organization is already running more than 100 groups in 46 cities around the globe.
Guez has been among the most outspoken members of the high-tech community against judicial reforms.
Despite rapid growth, only half of machine learning models succeed in production, calling for enhancements to ensure success.
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