Local currency weakens to 3.85 against US dollar as hopes for a judicial compromise crush increasing odds for FX intervention; and as Moody's meets with PM in Israel

Israeli startup SavorEat in partnership with food services conglomgerate Sodexo starts sale of plant-based burgers at the University of Denver as part of US commercial debut

Affinity Partners, headed by Trump's son-in-law, to invest $150 million for a 15% stake in Shlomo group's car and credit business unit

Herzliya-based venture capital firm launches second fund to back locally founded startups in areas of digital health, medical devices, diagnostics, and life sciences

Israeli maker of chips and semiconductors will use Intel’s New Mexico manufacturing plant and invest up to $300 million to buy equipment as part of the partnership deal

Israel Securities Authority will work with the Central Bank of Bahrain to provide regulatory guidance and support to fintech entrepreneurs and startups in both countries

Company aims for FDA approval so that its novel cell therapy for radiation sickness can be eligible for US Strategic National Stockpile

As forecast, central bank leaves borrowing costs at 4.75%, but cautions about impact of shekel depreciation on inflation and the possibility of further rate hikes

Finance minister selects 22-year veteran as new director, subject to government approval next week

New survey by the Israel Advanced Technology Industries (IATI) shows that 45% of new start-ups were incorporated outside of Israel compared to 20% in 2022