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Tech Israel
Daily Updates from Silicon Wadi for
Sunday, May 7, 2023
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Leumi expects first-quarter profit to slide 50% due to drop in US bank stake value
By
Sharon Wrobel
Leumi estimates that it will need to write down the value of its 14.2% stake in Valley National Bancorp by NIS 1b, as shares in the US bank have lost 33% of their value this year
Israel’s NewMed Energy and partners begin drilling at Aphrodite gas field off Cyprus
By
Sharon Wrobel
Energy companies with stake in field, including Chevron and Shell, look to appraise well to confirm estimates on size and scope of the gas deposit
Top security officials deliberating potential development of offshore gas for Gaza
By
ToI Staff
Promoted Content
How Global Stakeholders Zero in on Start-Up Nation Solutions
Israeli tech has the potential to provide vital solutions to global demands; the challenge is how to open the Israeli innovation ecosystem to targeted discovery and engagement.
Avigdor Liberman: 'This will be funded by the middle class'
Cabinet okays $33 million ‘kosher electricity’ storage facility
By
Canaan Lidor
Controversial plan addresses the concerns of strictly devout Jews about consuming power produced by co-religionists on the Sabbath
Israel seizes 189 crypto accounts linked to terror groups since 2021 – report
By
ToI Staff
In most recent reported operation, Defense Ministry takes 80 accounts allegedly linked to Hamas worth $140,000, confiscates 2 wallets to ‘thwart’ Islamic State activities
Tel Aviv researchers use RNA nanodrug tech to stop ovarian cancer cell division
By
Renee Ghert-Zand
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