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Sharon Wrobel

Sharon Wrobel

The Times of Israel

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Elbit’s profit surges 30% as its order backlog hits record amid multifront war

Defense firm reports increased sales of drones to Israel’s military; total orders jumped to $22.1 billion at end of September, 66% coming from...

yesterday 10

The Times of Israel

Sharon Wrobel

Hapoalim and Discount profits rise, with interest rate income growing during war

As homes and businesses grapple with loan repayments, Hapoalim sees its quarterly profit jump 14% fueled by NIS 4.58 billion in net interest income;...

previous day 30

The Times of Israel

Sharon Wrobel

France to challenge ruling allowing Israeli firms to exhibit at defense shows

Appeal filed after Paris court rules in favor of Israeli firms; Israel Manufacturers’ Association vows to fight attempt to bar defense firms...

17.11.2024 40

The Times of Israel

Sharon Wrobel

Israir and Arkia gear up to challenge El Al’s monopoly on flights to North America

Israel’s smaller airlines will need to lease wide-bodied aircraft and bring in crews for transatlantic flights; also seeking changes to law on...

15.11.2024 70

The Times of Israel

Sharon Wrobel

Kibbutz Kfar Aza joins Reches Real Estate to build a new NIS 250m industrial site

The 42,000 square-meter industrial complex is expected to be rented out to offices, businesses and industry and will create jobs for returning...

14.11.2024 10

The Times of Israel

Sharon Wrobel

Google, Amazon set to compete in tender for Israel’s AI supercomputing platform

Tech giants are set to bid on a NIS 240 million tender to build supercomputing infrastructure for Israeli tech startups and academia to advance AI...

13.11.2024 30

The Times of Israel

Sharon Wrobel

Higher defense spending in coming years will take toll on citizens, Treasury warns

NIS 10 billion more spent annually on defense would cost the average household NIS 4,000 due to higher taxes and reduced public services, says Finance...

12.11.2024 30

The Times of Israel

Sharon Wrobel

Faced with flight shortage, tech firms relocate staff and seek to run a NY route

As US airlines stay away and fares are high, tech executives embark on plan to operate an airline with leased planes and crews to New York to keep...

06.11.2024 20

The Times of Israel

Sharon Wrobel

Israel’s 2025 war budget squeezes disposable income of working-class households

Government drops plans to freeze welfare benefits and tax on ‘advanced study’ funds, instead wants to raise National Insurance payments while...

04.11.2024 10

The Times of Israel

Sharon Wrobel

2025 state budget to increase defense spending, cut social services and education

To finance the war, which is estimated to cost NIS 250 billion ($66.8 billion), the Finance Ministry is proposing deep spending cuts as well as tax...

01.11.2024 10

The Times of Israel

Sharon Wrobel

In a year of war, Nvidia overtakes Microsoft as best firm to work for in Israel: D&B

2024 ranking by Dun & Bradstreet takes into account the impact of Gaza conflict on company operations and employees, finds workers seek stable...

31.10.2024 10

The Times of Israel

Sharon Wrobel

Israeli startup says it can help detect deadly terror drones with smart signal tech

As some UAVs from Hezbollah and other Iranian proxies keep evading Israel’s air defenses, tech execs say detection is the first step to remedying...

29.10.2024 40

The Times of Israel

Sharon Wrobel

Israeli manufacturers petition French court to overturn naval expo ban on firms

French decision to prohibit 7 Israeli companies from exhibiting at defense fair in November in Paris will be discussed at an urgent hearing on Friday

24.10.2024 10

The Times of Israel

Sharon Wrobel

British Airways suspends all Israel flights until March 2025 amid escalation fears

UK airline joins a slew of foreign carriers canceling flights to Ben Gurion Airport in recent weeks; Israeli airlines continue operating, except for...

22.10.2024 70

The Times of Israel

Sharon Wrobel

From Negev to Mars: Startup wins Israeli accelerator to shoot for NASA-led space program

Inhayle, an Israeli developer of air and surface disinfection tech, wins grant from space accelerator that places it in the Artemis program to land...

17.10.2024 20

The Times of Israel

Sharon Wrobel

Treasury proposes tax hikes for lowest earners, benefit cuts to fund war

Arrangements Law also includes measures taxing advanced study fund and pension contributions. The ‘government is going to hit you in the savings,’...

15.10.2024 80

The Times of Israel

Sharon Wrobel

Fleeing Hezbollah stronghold, Beirut’s displaced met with suspicion and paranoia

Many worry that operatives escaping war could draw Israeli airstrikes to their neighborhoods, fear repeat of civil war phenomenon of displaced seizing...

08.10.2024 40

The Times of Israel

Sharon Wrobel

Microsoft launches AI platform to preserve October 7 testimonies

Microsoft Israel engineers develop advanced AI tools to assist users around the world in creating personalized memorial ceremonies or events based on...

08.10.2024 40

The Times of Israel

Sharon Wrobel

Moody’s explains risks of deterioration of Israel’s credit rating after downgrade

Rating agency worries about high level of uncertainty around Israel’s long-term security and the impact of government policies, political decisions...

01.10.2024 40

The Times of Israel

Sharon Wrobel

Treasury is said to propose new taxes to bolster state coffers and finance war

Among the draft proposals for 2025 is freezing tax credits, taxing advanced study funds, reducing tax benefits on pension deposits, and increasing the...

24.09.2024 30

The Times of Israel

Sharon Wrobel

Slowdown in growth of tech workforce is bad for tax revenue, report warns

Israel Innovation Authority says despite the war, the local tech ecosystem is 3rd-largest global hub for capital raising, but notes that investments...

23.09.2024 20

The Times of Israel

Sharon Wrobel

Local institutions have moved $40 billion out of Israel since start of war – report

Institutional investors managing citizens’ savings divert capital to foreign assets amid prolonged war, falling confidence in state’s...

17.09.2024 20

The Times of Israel

Sharon Wrobel

Israel’s REE inks supply deal with Indian auto parts maker, secures $45m in funds

A maker of a flat, light, versatile chassis that increases energy efficiency in electric cars, REE says the partnership will increase production to...

17.09.2024 40

The Times of Israel

Sharon Wrobel

Israel budget chief warns about dangers of spending limit breaches to economy

Yogev Gradus urges the government to offset more spending with budgetary adjustments as Israel could be facing another downgrade and even higher costs...

12.09.2024 20

The Times of Israel

Sharon Wrobel

Entrepreneurs and investors ponder the future of tech as fundraising slumps

Only 10 new Israeli VC funds managed to raise $554 million in the first half of the year in what is set to be one of the worst years for capital...

11.09.2024 30

The Times of Israel

Sharon Wrobel

Innovation Authority invests NIS 35m to lure tech jobs to Negev and Galilee

Addressing challenges posed by the months-long war, funds are allocated to help tech firms open new branches and hire local talent in the north and...

29.08.2024 20

The Times of Israel

Sharon Wrobel

Bank of Israel again leaves interest rate at 4.5%, amid wartime fiscal uncertainty

Central bank raises concern over the government’s expansionary fiscal policy and a widening deficit due to the war and the delay in the 2025 budget

29.08.2024 20

The Times of Israel

Sharon Wrobel

Israel plans to enact global minimum tax of 15% on multinational corporates

Israel will be joining 140 countries in collecting a minimum tax from global tech giants such as Intel, Google, and Microsoft, which have been...

29.07.2024 20

The Times of Israel

Sharon Wrobel

Tel Aviv shares dive as deadly Hezbollah rocket strike stokes fear of regional war

Major share indices drop as investors weigh threat of a wider escalation; gas stocks suffer losses after Hezbollah drone believed to be targeted at...

28.07.2024 20

The Times of Israel

Sharon Wrobel

New $50 million Texas fund to scout for battle-tested Israeli defense tech

Texas Venture Partners will invest $1 million-$4 million in early-stage defense tech startups and support local founders with advisory services to...

25.07.2024 20

The Times of Israel

Sharon Wrobel

Israel’s Check Point names Nadav Zafrir as new CEO

Zafrir, co-founder and managing partner of venture capital group Team8, will replace cybersecurity firm co-founder Gil Shwed, who stepped down in...

24.07.2024 20

The Times of Israel

Sharon Wrobel

Israeli AI startup tracking fake news plans to list on Nasdaq at $70 million valuation

Tel Aviv-based Cyabra has built a platform driven by machine learning algorithms to uncover fake profiles and harmful narratives created by...

24.07.2024 30

The Times of Israel

Sharon Wrobel

Applied Systems buys Israeli AI insurtech startup to open a local R&D center

As part of the deal, the first in Israel for the US cloud-based insurance software provider, an AI development center will be created with all of...

23.07.2024 20

The Times of Israel

Sharon Wrobel

Backed by Wiz founders, Tel Aviv-founded startup emerges from stealth with $33m

Linx Security, founded by graduates of elite military intelligence unit 8200, has built a platform to help businesses manage and track identities...

22.07.2024 10

The Times of Israel

Sharon Wrobel

Tel Aviv shares drop with Israel on alert after strike on Houthi-controlled Yemen port

Major share indices fell as investors are closely watching for reprisals in response to the Israeli airstrike following Friday’s deadly Houthi drone...

21.07.2024 20

The Times of Israel

Sharon Wrobel

Up to 60,000 Israeli businesses may close in 2024 as war takes toll on economy

CofaceBDI says 46,000 businesses have shut down since the outbreak of war with the Hamas terror group on Oct. 7; construction, agriculture and...

18.07.2024 20

The Times of Israel

Sharon Wrobel

Backed by Nvidia and Pfizer, Israeli AI medical startup raises $80m in fresh capital

Tel Aviv-based CytoReason, which uses machine learning to build computational models of human diseases to speed up treatment discoveries, plans to...

18.07.2024 20

The Times of Israel

Sharon Wrobel

Nine Israeli startups secure $142 million in funding from EU Horizon program

Israel ranked third in Europe in terms of the number of startups that won funding, followed by Germany and France from the European Innovation...

17.07.2024 40

The Times of Israel

Sharon Wrobel

Could Google’s $23b bid for Israel-founded cyber unicorn boost local tech outlook?

16.07.2024 20

The Times of Israel

Sharon Wrobel

Inflation edges higher, bolstered by uptick in housing prices

In June, annual inflation rose to 2.9%, reaching the upper range of the government’s target, reducing the odds that high borrowing costs will be...

16.07.2024 30

The Times of Israel

Sharon Wrobel

Income from labor among Arab Israeli society grows faster than other sectors – study

As the government cuts funding for the integration of Arab Israelis, a study finds signs that the contribution of Arab society to economic growth has...

11.07.2024 20

The Times of Israel

Sharon Wrobel

Top tech investor: ‘If Israel becomes less good to live in, people will leave’

Shlomo Dovrat warns weakness of state institutions and lack of sense of security threaten Israel’s tech standing in the global arena and its...

10.07.2024 30

The Times of Israel

Sharon Wrobel

New Israeli airline hopes to get license in September to start flights from Haifa

Air Haifa, based in the northern port city, plans to offer ‘affordable and competitive’ airfares to southern resort city Eilat, as well as...

09.07.2024 20

The Times of Israel

Sharon Wrobel

Central bank cuts growth forecast amid fears of intense war, escalation of fighting

Bank of Israel head Amir Yaron urges the government to make responsible budget adjustments, even if they are not popular, to help fund war costs and...

08.07.2024 20

The Times of Israel

Sharon Wrobel

Ministers approve reform to cut bureaucratic red tape surrounding imported goods

‘What’s good for Europe is good for Israel’ program to automatically approve products with European quality standards or...

05.07.2024 20

The Times of Israel

Sharon Wrobel

Higher VAT hurts poor and fuels inequality, Treasury report shows ahead of tax hike

Value Added Tax, levied on goods and services, is set to rise from 17% to 18% in January 2025 to help the government rein in a ballooning budget...

04.07.2024 20

The Times of Israel

Sharon Wrobel

European venture capital firm closes $220m fund with focus on Israeli startups

Forestay’s second fund plans to make 10 to 15 investments into startups in Israel and Europe in the fields of enterprise AI, data...

03.07.2024 20

The Times of Israel

Sharon Wrobel

Decline in investors, negative sentiment over Gaza war ‘extremely concerning’ — study

Despite several large mega-funding deals over the past three months, the high-tech sector is struggling to raise money, according to research by RISE...

02.07.2024 20

The Times of Israel

Sharon Wrobel

Israeli app developer cuts 12% of its workforce to focus on AI tools to create movies

Lightricks, the Israeli startup behind Facetune and Photoleap, will lay off 70 employees; says it seeks to hire dozens of AI experts mainly in Israel

01.07.2024 30

The Times of Israel

Sharon Wrobel

Amid war toll, Israeli startups nabbed $2.9b from investors, the most in two years

Larger deals mainly by cybersecurity firms led capital rounds over the past three months, while foreign investors’ share in funding Israeli startups...

30.06.2024 30

The Times of Israel

Sharon Wrobel

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