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Sharon Wrobel

Sharon Wrobel

The Times of Israel

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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 10

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 20

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 10

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 10

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 7

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 10

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 20

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 10

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 9

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 10

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 10

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 10

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 20

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 10

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 7

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 10

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 9

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 9

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

Backed by Korean government, OurCrowd forms joined $80m fund for startup investment

The bilateral Israel-Korea venture fund will invest in 25-30 startups in both countries focused on semiconductors, robotics, automotive, digital...

27.06.2024 10

The Times of Israel

Sharon Wrobel

Israel grants initial approval for additional gas exports from Leviathan reservoir

Energy Minister says that more than doubling the quantity of natural gas exports will boost state revenue and improve diplomatic ties, while domestic...

26.06.2024 10

The Times of Israel

Sharon Wrobel

Iranian cyber terrorism since Oct. 7 is a global threat, warns Israel cyber czar

Israel’s State Comptroller is looking into potential cyber breaches of the PMO, and drone systems as part of a cyber threat preparedness report...

25.06.2024 30

The Times of Israel

Sharon Wrobel

As foreign carriers return to Israel, will sky-high airfares finally drop this summer?

Foreign airlines resume their routes to Israel though at reduced capacity, with Israelis seeking short breaks from the war in Eastern European...

24.06.2024 10

The Times of Israel

Sharon Wrobel

OpenAI co-founder creates a new AI startup with a research lab in Tel Aviv

Safe Superintelligence, co-founded by Ilya Sutskever, plans to open offices in Palo Alto and Tel Aviv to recruit top talent and hire the world’s...

20.06.2024 10

The Times of Israel

Sharon Wrobel

Amid war, Israel opens R&D center to put the country on the map of quantum computing

Tel Aviv’s Quantum Machines, the operator of the new center, says the lab boasts the ‘world’s best-equipped testbed’ for...

18.06.2024 10

The Times of Israel

Sharon Wrobel

Tel Aviv bumped down to 16th most expensive city for overseas workers – survey

White city falls top slot from 8th-most costly city in 2023 as rental prices declined, according to Mercer’s global cost of living city ranking

17.06.2024 20

The Times of Israel

Sharon Wrobel

Modern Robin Hood with a social justice mandate helps returnees on path of renewal

During war, Social Delivery collects unwanted surplus from retailers and offices of tech firms and disperses the goods ranging from clothes to...

15.06.2024 30

The Times of Israel

Sharon Wrobel

Tel Aviv moves up to 4th place in annual ranking of global tech ecosystems

In a year of political unrest and ongoing war, city climbs 1 spot in annual Startup Genome survey ranking; Silicon Valley maintains top spot followed...

10.06.2024 30

The Times of Israel

Sharon Wrobel

German software giant SAP inks deal to buy Israel’s WalkMe for $1.5 billion

SAP says acquiring platform will complement its business management portfolio and help customers in the digital transformation of their business and...

05.06.2024 30

The Times of Israel

Sharon Wrobel

After year and a half, Smotrich names new head of capital markets regulator

Finance minister selects Amit Gal, who has served as acting chief of the capital markets and savings authority since October 2022, to oversee NIS 2.5...

04.06.2024 20

The Times of Israel

Sharon Wrobel

Israel innovation head urges state to insist on stimulus for vital tech industry

More funds needed in 2025 to stimulate investment and protect resilience of tech sector, the main growth engine of Israel’s war-battered...

04.06.2024 50

The Times of Israel

Sharon Wrobel

Due to war, UK’s Pret A Manger coffee chain scraps plans to venture into Israel

Israeli retailer Fox-Wizel, which was slated to open 40-plus cafes across country, said the coffee chain canceled the franchise, citing the war as a...

02.06.2024 60

The Times of Israel

Sharon Wrobel

Online watchdog prods platforms to tackle posts denying sexual assault on Oct. 7

Antisemitism monitor CyberWell says social media moderators are not doing enough to remove content that casts doubt on credible accounts of rape and...

02.06.2024 40

The Times of Israel

Sharon Wrobel

Bank of Israel chief warns war against Hamas will cost $67 billion in 2023-2025

Amir Yaron says conflict in south, north a ‘budgetary burden,’ IDF shouldn’t get ‘blank check’ for permanent outlays;...

30.05.2024 20

The Times of Israel

Sharon Wrobel

El Al posts record profit as foreign carriers stay away and public pays sky-high fares

Israel’s flag carrier gains from being the only airline flying in and out of Tel Aviv on many routes as foreign carriers are sluggish to resume...

29.05.2024 40

The Times of Israel

Sharon Wrobel

130 senior economists warn that lack of Haredi enlistment leading country to ‘abyss’

Group alerts lawmakers that the exemption from conscription alongside the funding of religious educational institutions threatens Israel’s...

28.05.2024 40

The Times of Israel

Sharon Wrobel

Bank of Israel leaves lending rate at 4.5%, as inflation and war uncertainty ramp up

Central bank has kept the rate steady since cutting it in January; says it expects the budget deficit to widen due to rising war costs

27.05.2024 60

The Times of Israel

Sharon Wrobel

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