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  • IAI, Rafael withhold gov't dividend to cover Defense Ministry debt

    The Ministry of Defense debts to Israeli defense manufacturers recently exceeded the NIS 10 billion threshold and in response, "Globes" has learned, government owned Israel Aerospace Industries (IAI) and Rafael Advanced Defense Systems have halted dividend payments to the state. This is not an official decision that has been taken by the companies' boards but an ad hoc decision in response to the growing debt.

  • Robel Innovation launches counter drone system

    Robel Innovation, which specializes in the development of defense solutions and advanced protection and homeland security technologies, has launched Black Raven - a system based on AI and multi-sensor data fusion, developed to provide a response to the threat of assault drones.

  • Upwind fills vacuum left by Google's acquisition of Wiz

    March 2025 saw the biggest exit in the history of Israeli tech: Google's $32 billion acquisition of Wiz. The sale led Wiz's longtime partners, Amazon and Microsoft, to seek out other cybersecurity companies not affiliated with their rival. Into the breach stepped Amiram Shachar's cloud cybersecurity startup Upwind Security, which is now among the contenders for Wiz's top spot in providing cybersecurity to tech giants.

  • Election economics? Netanyahu wants to cut VAT

    Prime Minister Benjamin Netanyahu through his senior economic advisor Prof. Avi Simhon, has asked Minister of Finance Bezalel Smotrich to consider cutting VAT from 18% to 17%. Sources in the Ministry of Finance believe the feasibility of implementing such a move before the elections is low, and see this as "another attempt to hoodwink the public before the elections, without any real plan behind it other than grabbing media headlines, while ultimately, the officials who vetoed a benefit for the public will be blamed."

  • Israeli digital insurer Honeycomb raises $40m

    Israeli digital insurer Honeycomb Insurance, which specializes in apartment buildings and condo associations, today announced the completion of a $40 million financing round. The round was led by Zeev Ventures, with participation from existing investors Ibex Investors, and new investors Peakline, Alpha Partners, Meitar Partners, Practical VC, and former San Francisco 49ers NFL champion Harris Barton. This brings Honeycomb's total funding to date to $95 million.

  • Layoffs of low-paid workers skew average pay higher

    According to initial estimates by the Central Bureau of Statistics, the average monthly gross wage of Israeli workers in April this year was 4% higher than in April 2025, at NIS 14,409. This represents a decline in comparison with the average wage in March this year, when war with Iran broke out, which was NIS 15,921, 8.8% higher than in March 2025.

  • Marvell unveils optical communications chip developed in Israel

    Marvell Technology (Nasdaq: MRVL) has seen its share price rise nearly 300% snice the start of the year. Last week the company was further boosted by the launch of the most efficient processor for optical communication in data centers designed for AI technologies, which is capable of transferring huge volumes of data at record speed.

  • NYU alumnus arrested over swastika-defaced Israeli flag

    An alumnus of New York University was taken into custody for affixing a banner bearing a pair of Nazi symbols alongside a Star of David atop a campus facility during commencement festivities, law enforcement officials announced Wednesday, according to the New York Daily News.

  • Report: Trump will end Iran ceasefire only if American troops are killed

    US President Donald Trump has privately told aides that he would consider ending the ceasefire with Iran if Tehran kills American troops, The Wall Street Journal reported on Wednesday, citing US officials.

  • Gaza talks postponed over disagreement on disarming Hamas and Islamic Jihad

    Diplomatic deliberations originally slated for this week between the Hamas terrorist organization and the chief envoy tasked with deploying US President Donald Trump's Gaza peace plan have been officially postponed, The National reported.