Israel Moving Forward with ‘Innovation’ in Government Plans
Israel's PMO publishes recommendations for innovation in government, aiming to increase public service efficiency. The plan focuses on a holistic approach.
Business
Audit Reveals Widespread Financial Violations in Israel’s 2024 Municipal Elections
Israel's State Comptroller reveals widespread financial violations in 2024 municipal elections. 303 factions failed audits due to illegal campaign finance.
Israeli AI Startup Converge Bio Raises $25M to Transform Drug Discovery
Israeli AI startup Converge Bio secures $25 million Series A funding, bringing total to $30M for its AI drug discovery platform.
Israeli Firm Axon Vision Secures $350,000 U.S. Order for AI Counter-Drone Systems
Israeli firm Axon Vision secures a $350,000 U.S. order for AI counter-drone systems from Leonardo DRS, enhancing defense cooperation between the nations.
Israeli Biotech MeMed Receives $2M Grant for AI-Driven Diagnostics Biobank
Israeli biotech MeMed receives $2 million grant for AI-driven diagnostics biobank to accelerate development of high-risk patient tools.
CytoReason Launches AI Assistant for Drug Development
Tel Aviv's CytoReason launches LINA AI assistant for drug development at JP Morgan Healthcare Conference, speeding research with accurate, biology-grounded.
Total Levies from Taxations of Excess Profits from Natural Resources in 2025 Was $2.7 Billion
Israel collected 8.8 billion Shekels ($2.7 billion) in natural resource excess profit taxes by end of 2025, with 7.3 billion Shekels designated as absolute.
Israel’s Banking Competition Reform Moves Forward
Israel's banking competition reform, designed to lower interest rates for SMEs and households, advances with legislative committee approval. This key initiative.
Major Dairy Reform: Farmers to Be Allowed to Sell Their Dairy Production Quotas
Israel's Ministry of Finance launches a major dairy reform, allowing farms to sell production quotas worth over ₪1 billion ($320M). This offers farmers.
Israel’s Elbit to Equip Asia-Pacific Helicopters with Advanced Missile Defense
Israeli firm Elbit Systems wins $275 million contracts to equip Asia-Pacific helicopters with advanced EW and missile defense systems, boosting aircraft.