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Tech Israel
Daily Updates from Silicon Wadi for
Tuesday, November 19, 2024
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Elbit’s profit surges 30% as its order backlog hits record amid multifront war
By
Sharon Wrobel
Defense firm reports increased sales of drones to Israel’s military; total orders jumped to $22.1 billion at end of September, 66% coming from global customers
One Zero CEO steps down after halted expansion plans in Italy and layoffs due to war
By
Sharon Wrobel
Gal Bar Dea was designated to lead the Israeli bank’s plan to create a digital bank with Italy’s Banca Generali, which was frozen in the unfavorable geopolitical environment
France to challenge ruling allowing Israeli firms to exhibit at defense shows
By
Sharon Wrobel
Appeal filed after Paris court rules in favor of Israeli firms; Israel Manufacturers’ Association vows to fight attempt to bar defense firms ahead of Paris Air Show in June 2025
Major lenders’ profits soar as banks cash in on wartime interest rate growth
By
Sharon Wrobel
As homes and businesses grapple with loan repayments, Hapoalim sees quarterly profit rise 14% fueled by NIS 4.58b in net interest income; Discount’s profit jumps 39%, Leumi’s 30%
Nofar Energy secures $192 million deal to supply energy storage in Britain
By
Sue Surkes
Entry into new planned Cellarhead project in central England adds to portfolio of projects across UK, Germany, US, Italy, Poland, Romania and Israel
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