Last year it was butter that suddenly disappeared from the shelves of Israeli supermarkets; now it’s milk, which ran out on many shelves during September. The reason for this is that the Israeli dairy market suffers from two things. One is that the market is highly controlled and subject to the complicated requirements of kashrut, the law…
Since the Abraham Accords were signed by the United Arab Emirates in 2020, trade deals between Israel and the signed Arab states have skyrocketed. According to numbers from the Central Bureau of Statistics, trade with the UAE grew by 234% in the first seven months of 2021, compared to the first seven months of 2020.…
In a bid for what may become the largest solar energy field in Israel, nine proposals from 11 companies have been submitted to the Finance and Energy Ministries. The new project comes on Israel’s immediate need to reduce greenhouse gases, and increase its renewable energy use, and Energy Minister Karin Elharrar says that “The Israeli…
After seven months of negotiation, Yael Vizel, Founder of Zeekit, finally closed the deal to sell her company to Walmart, the largest American retailer, for $200 million. While Walmart, with over 2.5 million employees, wasn’t the only massive conglomerate that offered to buy, Vizel chose their offer, as it was most beneficial to the company. “All…
It’s a wonder how Israel remains in somewhat economically good standing, given that it hasn’t functioned with an approved budget for the last three years. The past two years were null due to the political standstill. The last budget approved was in 2018 for the following year. With the new government, a 2021/2022 budget ($187…
