Samsung Next is leaving Israel as the war rages on. The firm decided to take its business operations abroad instead.
Israel
Intel Reportedly Postpones Development of $25 Billion Chip-Manufacturing Plant in Israel
Intel plans to slow its multibillion-dollar expenditures in worldwide facilities, delaying the completion of its $25 billion chip production unit in Israel.
Israel Faces Inflation and Housing Shortages as a Result of Ongoing Conflict
Israel faces the harsh reality of the ongoing conflict with Hamas as the country struggles to bounce back from increasing inflation, price surges, and housing shortages.
US Refuses to Comment Bombs Dropped in Rafah are American-Made
Top US officials have refused to comment whether American-made munitions were used at an Israeli airstrike that left 45 people dead and 200 more injured.
Bank of Israel Faces Inflation Risks Following Refusal to Cut Interest Rate due to Massive War Spending
The Bank of Israel has opted to maintain its benchmark interest rate amid concerns over war-related budget strains, inflationary pressures, and supply chain disruptions.
Latest News
Turkey announced that it has decided to suspend the export of certain products to Israel in light of the current invasion of Gaza.
McDonald's is purchasing Israeli outlets from a longstanding franchisee to boost sales after boycotts.
After seven workers from the World Central Kitchen died in an Israeli airstrike on Tuesday, many humanitarian relief groups ceased their activities in Gaza.
Reports indicate that the Biden administration is poised to approve the sale of up to 50 American-made F-15 fighter jets, valued at over $18 billion, to Israel.
The Israeli government has approved to give Intel a $3.2 billion grant for its upcoming $25 billion chip plant in southern Israel.
The Biden administration is facing heightened scrutiny for supplying tank shells to Israel without obtaining congressional approval.
Authorities in Israel are currently investigating unusual trading activities that occurred just days before the October 7 Hamas attack.
Airlines are grappling with a significant decline in bookings following the conflict between Israel and Hamas as people cancel trips to the Middle East and nearby countries.
Cellcom Israel Ltd on Tuesday announced that regulators opposed its merger plan with Golan. However, Antitrust Authority will invite the companies representative to discuss the deal before making final decision.
