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Top related persons:
Raul Sarugo - 1 Israel - 1 Netanel Shraga - 1 Barak Klein - 1 ThetaRay - 1 Erel Margalit - 1 Dror Bin - 1 We've - 1
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Hamas - 1 Israel Builders ' Association - 1 West Bank - 1 Columbia - 1 HIGH - 1 TECH - 1 Factories - 1 Israel Innovation Authority - 1

Search resuls for: "Dror Bin"


3 mentions found


☆ Israel economy: Gaza war sends economy into the unknown
  + stars: | 2023-10-24 | by ( Steven Scheer Ari Rabinovitch | Steven Scheer | Ari Rabinovitch | ) www.reuters.com   time to read: +6 min
The cost to Israel's economy of its war with Hamas militants will be unlike anything it has experienced in decades. "This is not a hit for contractors or industrialists alone," said Raul Sarugo, president of the Israel Builders' Association. Israel was blindsided on Oct. 7 by Hamas gunmen from Gaza who rampaged through border towns in the deadliest attack on civilians in its history. The conflict has also halted the movement of thousands of Palestinian labourers from Gaza to Israel and curtailed the flow from the occupied West Bank. The Economy Ministry created a war room and put out a call for help.
Persons: Raul Sarugo, Israel, Netanel Shraga, Barak Klein, ThetaRay, Erel Margalit, Dror Bin, We've, Bin, Leo Leiderman, Amir Yaron, Yaron, Steven Scheer, Ari Rabinovich, Toby Chopra Organizations: Hamas, Israel Builders ' Association, West Bank, Columbia, HIGH, TECH, Factories, Israel Innovation Authority, Ministry, Bank Hapoalim, Israeli Finance Ministry, Reuters, of Israel, Thomson Locations: Israel, Gaza, Israel's, Iran, Lebanese
☆ Israel tech firms to continue job layoffs in 2023 -report
  + stars: | 2023-05-16 | by ( Steven Scheer | ) www.reuters.com   time to read: +2 min
JERUSALEM, May 16 (Reuters) - Israeli high-tech firms have largely halted job hiring and many are expected to continue layoffs this year, a report on the country's tech sector showed on Tuesday. Israel's tech sector is a key growth driver, accounting for 15% of economic output, 10% of jobs, more than 50% of exports and 25% of tax income. On the heels of slower growth, tech firms raised $15 billion last year, down from a record $27 billion in 2021. In 2022, the number of employees in the high-tech sector increased by just 7.4%, versus 12% in 2021, the SNPI report said. Along with layoffs, one-third of companies do not plan salary raises in 2023, according to the report.
☆ Israel's judicial proposals prompt startups to relocate -govt agency
  + stars: | 2023-05-01 | by ( Steven Scheer | ) www.reuters.com   time to read: +2 min
JERUSALEM, May 1 (Reuters) - The government's plan to overhaul the judicial system is harming investor confidence and pushing high-tech firms to relocate abroad, Israel's state-backed agency that supports high-tech companies said on Monday. Israel's high-tech sector employs 10% of the country's workforce accounting for around 15% of economic output, more than half of exports and a quarter of tax income. While the Nasdaq is up 17% this year, Israel's tech index is down 4%. It added that high-tech fundraising in the first quarter was just $1.7 billion, the lowest quarterly figure since 2019. The authority recommended a number of steps such as easing regulations, incentives to encourage investment and incentives for startups to register intellectual property in Israel.
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