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Tech Israel

Daily Updates from Silicon Wadi for Monday, February 26, 2024

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Bank of Israel Governor Amir Yaron speaks during a press conference in Jerusalem, on April 11, 2022. (Flash90/File)

Israel’s central bank pauses rate cuts, amid ongoing uncertainty over war’s impact

By Sharon Wrobel

Bank of Israel holds borrowing costs steady at 4.5% and expects the pace of interest rate cuts this year to be gradual and cautious

Shira Sabach, breeding manager at Israeli foodtech startup Supree at a greenhouse in Netiv Haasara, November 2022. (Courtesy)

Defying war’s wreckage, self-drying cherry tomatoes ripen near Gaza

By Shoshanna Solomon

Researchers at foodtech startup Supree find species that produce raisin-like superfood in natural process that preserves fruit’s taste, vitamins and antioxidants

Following its success in the US, Intuition Robotics signed a $9.4 million contract to develop ElliQ, the company’s AI-powered robotic companion that relieves isolation among the elderly, in South Korea (Intuition Robotics)

Promoted event

Feb. 26 Online: Together, Israel and South Korea can take high tech even higher

OurCrowd hosts expert panel to discuss $80 million joint venture fund

Barkat talks peace with Saudi counterpart in UAE: ‘We can make history together’

By Lazar Berman

On sidelines of World Trade Organization meeting in Abu Dhabi, ministers shake hands, exchange phone numbers amid talk of potential landmark regional deal that includes normalization

Economy Minister Nir Barkat (left) meets with Saudi Commerce Minister Majid bin Abdullah Al-Qasabi at the WTO conference in Abu Dhabi, February 26, 2024. (Courtesy Economy Ministry)

Agricultural research body says planned budget cuts will force it to halt activities

Volcani Institute fears having to renege on local, international research contracts, face lawsuits demanding return of funds, if Knesset approves amended 2024 budget

An aerial view of the Volcani Institute. (Yigal Elad, Wikipedia)

An armed Hamas terrorist walking around the Supernova music festival, near Kibbutz Re'im in the Negev desert in southern Israel on October 7, where terrorists from Gaza massacred hundreds of people. (South First Responders/AFP)

Hours before Hamas attack, IDF noticed dozens of terrorists activating Israeli SIMs

By Emanuel Fabian

Because such activations had taken place in the past, the development was not seen as a definite red flag; military censor permits detail for publication following media leak

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