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24/7
Headlines
13:43
EU approves Nvidia’s $700M acquisition of Israeli startup Run:ai
21:16
Nervio appoints Dr. Richard Vogel as US CEO
19:06
Paragon’s $900M sale in limbo as Defense Ministry steps in
15:05
Full list of Israeli high-tech funding rounds in 2024
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1
EU approves Nvidia’s $700M acquisition of Israeli startup Run:ai
2
Israeli tech’s top 10 funding rounds of 2024: Wiz sets another record
3
Boomi acquires Israeli data management startup Rivery in $100M deal
4
The Wiz of GenAI security? “Lasso has the potential to be a once-in-a-decade company in cyber”
5
Decart raises $32M in second funding round in two months, aims to rival OpenAI and Anthropic
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Shekel
20 stories about Shekel
What’s behind the strengthening of the shekel?
31.01.24
|
Shlomo Teitelbaum
A review published by the Chief Economist at the Ministry of Finance does not provide clear explanations for the strengthening of the shekel. Moreover, the review shows that the Treasury estimated that at this stage the value of the shekel would be lower. For answers one must read between the lines
The shekel continues to lose ground as fears of judicial coup in Israel continue to grow
22.02.23
|
CTech
The dollar continues to climb against the shekel, reaching its highest mark since 2019, while the euro has also risen. The rapid devaluation of the shekel is set to lead to inflationary pressure and the Bank of Israel will be forced to respond by raising interest rates even further
This is fine? Wake up and smell the smoke!
02.02.23
|
Shaul Amsterdamski
"High-tech is not only the engine of the economy - it is also the shield. It is our wall of defense against inflation. It protects the pocket of each and every one of us," writes Shaul Amsterdamski
Bank of Israel chief says it's ready to buy more than $30 billion of foreign currency to contain shekel’s strength
09.02.21
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Reuters
The shekel gained some 8% against the dollar in 2019, and another 8% last year despite central bank foreign currency purchases of $21 billion
Top tech CEOs demand Israeli government stop dollar depreciation against the shekel
17.01.21
|
Naomi Zoreff
“Israel is about to lose a leading growth engine due to the apathy and indifference of the government of Israel and its economic establishments,” wrote executives and entrepreneurs from the likes of IronSource, SimilarWeb and AppsFlyer
Israeli tech sector raises alarm bells over plummeting dollar
30.12.20
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CTech
Local tech companies traditionally raise funds in USD, meaning most of the sector is adversely affected by the exchange rate hitting lows not seen since November 1996
The Year of the Shekel
08.01.20
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Adrian Filut and Adi Pick
The Israeli currency saw a steady rise in 2019
Amazon Lowers Shekel Conversion Fees for Online Purchases
09.12.19
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Meirav Crystal
The commission went down to as low as 2.2% of the total purchase sum, a significantly lower rate than that offered by most Israeli credit card companies
The Shekel Continues to Appreciate
07.11.19
|
Shir Reiter
Since the beginning of the year, Israel’s currency roseby 6.6% compared to the U.S. dollar
Strengthening Shekel Leaves Israeli Goods Exporters Vulnerable, Says Leumi’s Chief Economist
02.09.19
|
Ran Abramson
Gil Bufman, the chief economist for Israel’s Bank Leumi, spoke Monday at Calcalist and Leumi's National Economic Conference in Tel Aviv
Explaining Israel’s Interest Raise
27.11.18
|
Omri Milman and Adrian Filut
On Monday, the Bank of Israel raised its benchmark interest rate, for the first time in seven and a half years, from 0.1% to 0.25%
Following Record Low, The Shekel Appreciates 1% Against the U.S. Dollar
07.08.18
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Shir Reiter
After hitting an 18-month low on Monday, the value of the Israeli shekel appreciated 1% against the U.S. dollar Tuesday
Tel Aviv Climbs to 9th Place Among Priciest Cities
15.03.18
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Asaf Shalev
The Israeli tech hub is the second most expensive city in which to buy alcohol, according to a survey by the Economist Intelligence Unit
CTech’s Daily Israeli Tech News Roundup
08.02.18
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CTech
Israeli Prime Minister Says Government Should Avoid Moves to Shore Up Dollar. Generic drugmaker Teva says profit will continue to drop in 2018.
Israeli Prime Minister Says Government Should Avoid Moves to Shore Up Dollar
08.02.18
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Adrian Filut, Tofi Stoler
Tech leaders gather to hear Benjamin Netanyahu say Israeli government is powerless to help shore up the value of the dollar against the shekel
Despite Exceeding Expectations, Check Point's Quarterly Reports Affected by Weak Dollar
31.01.18
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Shir Reiter and Amir Rosenbaum
The continuous weakness of the dollar has cut the company's earnings per share by $0.05 for the fourth quarter, Check Point's chief financial officer said
CTech’s Daily Israeli Tech News Roundup
17.01.18
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CTech
Head of Microsoft’s startup outreach programs to step down. Fewer Israeli startups raised more more money in 2017
Bank of Israel Buys $400 Million to Stabilize Appreciating Shekel
17.01.18
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Adrian Filut, Shahar Ilan, and Amarelle Wenkert
The Israeli shekel has been appreciating against the U.S. dollar in 2017, reaching a seven-year high on Friday
CTech’s Daily Israeli Tech News Roundup
15.01.18
|
CTech
Hurt by strong shekel, Israeli tech companies lobby for government action. Elbit nearing acquisition of Israeli arms manufacturer IMI Systems. Renault-Nissan-Mitsubishi establishes a $1 billion venture fund
Hurt by Strong Shekel, Israeli Tech Companies Lobby for Government Action
15.01.18
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Adrian Filut
Over the weekend, the dollar traded at NIS 3.39, a more than 10% decrease over the past year
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