Zum Thema: Economy & Innovation

2700-year-old governor seal found in Jerusalem

  A small clay seal impression was discovered by the Western Wall Plaza in Jerusalem’s Old City on January 1, 2018. The seal is one of seven found in the past five years of the archaeological dig led by the Israel Antiquities Authority. The seals date back thousands of years, and the most recent find… […]

Time for social media to take social responsibility

Social media networks have their advantages and disadvantages. The powerhouse networks like Facebook and Twitter maintain that their aim is to create global connection, though do not claim responsibility when their channels are used to incite acts of violence, crime and terror. With the disturbing rise in anti-Semitic acts across the world, including an 86% spike in… […]

Will Supermarkets be forced to shut on Shabbat?

The Supermarkets Law is a new legislation presented by the Ultra-Orthodox Shas party in the Israeli government. The law is up for a vote, and if voted favorably, would allow the government to authorize that all supermarkets and convenience stories throughout Israel be closed on Shabbat, from Friday evening to Saturday evening, with the exception… […]

Israel Population Almost 9 Million

On the eve of 2018, the Central Bureau of Statistics published data announcing the state of Israel’s current population, which stands at 8,793,000. The population grew by 165,000 since 2016, due to 180,000 babies being born and 44,000 deaths. The Jewish population makes up about 75% of the total population, while about 21% of the… […]

Teva under fire for layoffs

Born in 1951, Teva Pharmaceuticals has since grown into a multinational pharmaceutical giant. Headquartered in Israel and with locations in Europe and North and South America, Teva is in a time of crisis. Since the death of Teva’s “father,” Eli Hurvitz, in 2011, the company has declined in many ways, and with new CEO Kare… […]

The SocialTech Revolution is Here

Imagine being able to save six billion male baby chicks from dying every year? Because they don’t lay eggs and cannot be used for poultry, billions of baby chicks are murdered and discarded annually. An Israeli startup, eggXYt, aims o save the chicks and found a solution which saves money and lives, decreases waste, and creates exponential… […]

People are tired of political corruption

  People are seemingly sick and tired of power driven greed and corruption running rampant through politicians’ veins, and 2017 has seen thousands of civilians protesting the streets of Israel, marching both for their rights and what is morally right. The latest protest was held last Saturday, December 9, where protesters gathered in Tel Aviv… […]

Recycling report under review

A recent report on recycling statistics submitted to the Environmental Affairs Ministry is being investigated. The report was filed by the ELA Recycling Corporations, who is responsible for collecting and recycling plastic bottles. What they reported and what the proven numbers are seem to be largely skewed. ELA is owned by the four largest beverage… […]

Amazon Landing in Israel

Given the large and hopeful demands by Israeli consumers, Amazon is considering setting up a shipping center in Israel. The online retail giant has numerous teams on site, both Israeli and international, to scope the logistics of what this would mean. A real estate team is inquiring about possible warehouse locations, and a shipping center… […]

Modern Cable Cars Among Ancient History?

By 2021, imagine being able to ride in a cable car over Jerusalem to reach the Western Wall, one of the most ancient and holy sites in the world. That’s exactly what the Jerusalem Development Authority (JDA) is hoping to get approval for so they can begin forging full steam ahead with the $57 million… […]

Israeli Shekel is second strongest currency

The New Israeli Shekel has come in second place as the world’s strongest currency, listed only after the Chinese Yen. According to Gautam Kalani, the foreign currency analyst from Deutsche Bank, the New Israeli Shekels appreciated in value about 6.1% in the past six months alone, and overall is valued about 10% over other global… […]

Minimum wage rises in Israel

Beginning December 2017, minimum wage will be raised in Israel, from NIS 5,000 to NIS 5,300 per month. The NIS 300 increase was passed by the Knesset Labor and Welfare committee, and aims to reduce gaps in Israeli society. Approximately 700,000 employees will be directly impacted by the pay rise, the fourth increase in the… […]

New Names Uncovered from World War II

Over seventy years after World War II ended, over a million victims of the Holocaust remain anonymous and unknown. In Hungary, where a bulk of the murders took place, only certain information was known, including train schedules, headcount, and which trains would be arriving in Auschwitz. However, the names of the people who stepped onto… […]

Israeli poetess’ making money

Two new Israeli bills are making their way into the money market as a part of Bank of Israel’s poetry series. The bills, featuring Rachel Bluwstein and Lea Goldberg, will enter circulation in the upcoming weeks, and will be pictured on the 20 NIS bill and 100 NIS bills respectively. The two female poets will… […]

Secret land sales for super cheap

A secret sale is underway as the Greek Orthodox Patriarchate of Jerusalem, Theophilos III, is in the midst of selling off assets in Israel for exorbitantly low prices. The company to which they sold wishes to remain anonymous, though many believe the church land is going to private developers. After the Israel Lands Authority, the… […]

Self-Driving Cars Hit the Road

A new stretch of highway near Herzliya, Israel is closed, not for construction, but for innovation. Five companies have taken over Road 531 to start testing their various self-driving car technologies. The 1.5-kilometer highway has three lanes in both directions and will be closed for two months while the companies are conducting trials. The Ministry… […]

Population on the 1.9% Rise

The Israeli population is growing rapidly. In the past year, the Central Bureau of Statistics recorded a rise in population of 156,000 people. With a secure motherhood culture, perhaps parallel to the fact that Israel has the highest fertility rate according to the OECD, over 172,000 babies were born in the past year, and 43,000… […]

Are Housing Prices in Israel Going Down?

Real estate in Israel is a fierce market due to the highly limited space and increasingly high demand. The Central Bureau of Statistics has recently rolled out some surprising news – housing prices dropped by about 24% since the same time last year. According to the report, housing prices fell as much as 16% in… […]

Diamonds are Going Digital

A new digital currency is hitting the market, and its being backed by the Israel Diamond Exchange, or IDE, located in Ramat Gan, Israel. The Diamond Exchange is collaborating with a new digital currency startup, Carats.IO, which has created an updated framework for trading digital coins, backed by diamonds and based on Diamond Exchange data.… […]

Tel Aviv Ignites with Innovation Fair

Since 2013, thousands of innovators have gathered in Tel Aviv to connect, create and meet at the DLD Innovation Fair. On its fifth consecutive year, the event is set to welcome thousands of people, about 120 delegations from across the world, and hundreds of global startups. With dozens of events hitting Tel Aviv city, attendees… […]