Globes - Israel Business News
Business news and analysis from Israeli financial daily “Globes”, covering the economy, finance, information technology, healthcare, defense, real estate, and more, updated throughout Israel's working week.
Connection flights offer cheaper long-haul options - Globes
Dec 18, 2024 · As more foreign airlines resume Israel operations, "Globes" finds cheaper alternatives to El Al on flights to the US and east Asia. Flights between Israel and long-haul destinations like the US and Thailand have become prohibitively expensive with foreign airlines staying away leaving El Al Israel Airlines Ltd. (TASE:ELAL) with a virtual monopoly.. According to El Al's third quarter report ...
Israel has second highest poverty rate in OECD - Globes
Dec 18, 2024 · The rate of poverty in Israel fell very slightly from 20.8% in 2022 to 20.7% in 2023, the National Insurance Institute reports. In Israel in 2023 there were 1.98 million Israelis living below the poverty line, as defined by the National Insurance Institute, according to the OECD Poverty and Social Gaps Index published today.
Why Israel's stock market is ignoring economic forecasts
Profit Finance deputy CEO Amir Kahanovitz: We’re seeing the market repeating the way it has been in past security events. The metrics of the Israeli economy present a picture that seems incongruous with the uncertainty created by security events.
Israel's population surpasses 10m, as 83,000 leave - Globes
Dec 31, 2024 · The rate of population growth fell from 1.6% in 2023 to 1.1% in 2024, the Central Bureau of Statistics reports. Israel's population has grown by 1.1% over the past year to just over 10.027 million, the Central Bureau of Statistics reports. However, 82,700 Israelis left the country during the year as ...
Foreign airlines stay away amid local squabbles - Globes
Obstacle 1: Exemption from paying compensation for flight cancelations. Several foreign and Israeli airlines are demanding temporary relief from the "Tibi Law," which was promoted by MK Ahmed Tibi and grants passengers the right to compensation for delayed, postponed and canceled flights.
Shekel starts week with more strong gains - Globes
Bank Leumi: With the hope that uncertainty will subside, the fundamental forces, such as the current account surplus, continue to support the appreciation of the shekel.
Innoviz jumps on Mobileye LiDAR sensor deal - Globes
Dec 15, 2024 · Mobileye, which closed its LiDAR unit in September, will now integrate Innoviz's solution into its systems. Israeli laser (LiDAR) sensor developer Innoviz Technologies Ltd. (Nasdaq: INVZ) saw its share price jump 28.1% on Wall Street on Thursday and Friday and 36% during the entire week. The sharp rise came after the Rosh Ha'ayin-based company, led by CEO and cofounder Omer Keilaf, announced ...
El Al to hold back seats for tech businesspeople - Globes
Dec 15, 2024 · As Tech-Air struggles to launch Israel-US flights, El Al will keep back seats on flights to New York, London and Paris for businesspeople. In the coming weeks, El Al Israel Airlines Ltd. (TASE:ELAL) plans to hold back 15 seats on every flight to London (Heathrow), Paris and New York for tech professionals flying for business.Over the coming week travel agents will be informed about the new ...
Wizz Air to resume Israel flights to 10 more destinations
Dec 31, 2024 · Wizz Air is offering return flights to London between January and March from $182. The gradual return of foreign airlines to Israel will pick up pace on January 15 when Hungarian low-cost carrier Wizz Air will resume flights between Tel Aviv and 10 more destinations. Wizz Air returned to Israel earlier this month, after suspending operations to Ben Gurion airport for two months, with flights ...