SAP Israel head: If there’s value, deals happen despite war
At the Globes' Israel Business Conference, Orna Kleinmann presented SAP’s vision of artificial intelligence for business. Speaking at the Globes Israel Business Conference, Orna Kleinmann, Managing Director SAP Labs Israel and SVP Technology & Innovation, SAP Cloud Platform Foundation, commented on the challenges posed by the war to international high-tech companies in Israel. "60% of high ...
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. The …
Israeli tech M&A deals reach new peak - report - Globes
On the other hand, the venture capital sector in Israel is undergoing significant change. The number of new funds fell by 35% (from 40 in 2023 to 26 in 2024), but the average amount of capital raised per fund rose sharply from $125 million to $202 million.
Adam Neumann admits mistakes, reveals plans - Globes
In a rare public appearance, Neumann told the Globes Business Conference what he learned from WeWork's collapse, discussed his new venture Flow, and explained why he is investing in Israel.
Israel's forex reserves back on the rise - Globes
Israel’s foreign exchange reserves at the end of November 2024 rose to $217.1 billion, an increase of $1.026 billion from their level at the end of October, the Bank of Israel reports. Israel’s foreign exchange reserves at the end of November 2024 rose to $217.1 billion, an increase of …
No lower Israel-US airfares on the horizon - Globes
Even if Delta Airlines resumes Israel flights in April 2025 as planned, many of its tickets are more expensive than the equivalent El Al tickets. El Al Israel Airlines Ltd. (TASE:ELAL) remains the only airline operating direct flights between Israel and North America. In November, 11% of the ...
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.
Fintech co BlueVine laying off 30 in Israel - Globes
Founded in Tel Aviv, the business banking solutions and services company is firing 20% of employees in its Israel development center. Israeli-US fintech company Bluevine is firing 100 employees including 30 in Israel. The business banking solutions and services company currently has 500 employees worldwide, meaning that the layoffs represent 20% of the workforce.
Goldman Sachs and UBS see shekel gaining sharply - Globes
Since talks began on a potential agreement, the markets have been indicating enormous positivity. Israel’s risk premium, as measured by the CDS index, has been falling sharply, the Tel Aviv Stock Exchange has been consistently rising, and the shekel appreciated 1.6% last week against the basket of the main currencies.
StepStone partner: Israeli economy resilient and robust
Darren Friedman, a partner at alternative investment firm StepStone says the traffic jams in Tel Aviv show that it is business as usual here. Darren Friedman, a partner at alternative investment firm StepStone focuses his investment portfolio on technology, healthcare, and infrastructure sectors in the US.