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IVIX Secures $13M Seed Funding, Unveils Technology Platform to Combat Shadow Economy prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
Can Israeli Startup Culture Close The Growing Divide Between Israeli Arabs And Jews? forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Seven Israeli startups were chosen Tuesday as 2021’s most promising companies in Fintech. With more than 750 startups operating today in the Fintech sector alone, Israel has been a global pioneer in the field for more than a decade. A variety of categories were in the ranking for the top spot, including payments and commerce, lending and finance, cyber security, insurtech, and most promising seed company. The list, was published for the second year in a row.
The winning companies - Identiq, Balance, Sharegain, Obligo, Planck, Unit, and Panorays - were selected by 30 financial entities and venture capital funds operating in Israel, including Viola, Pitango, Team8, Entree Capital, Qumra Capital, and more. The VCs were allowed to name only one of their portfolio companies per category. ....
5 Min Read JERUSALEM/LONDON (Reuters) - The Bank of Israel spent $21 billion to try to stop the shekel’s steep appreciation in 2020, with little success. How about $30 billion in 2021? FILE PHOTO: An Israeli shekel note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White That’s the paramount question for the central bank as it steps up its seemingly never-ending battle against huge foreign inflows and a host of other factors boosting a shekel that is increasingly hurting exporters at a time when the economy is already struggling from the coronavirus pandemic. The shekel has firmed versus the dollar seven out of the last 10 years and chalked up gains against a basket of currencies of Israel’s main trading partners, making it one of the world’s strongest currencies. It gained some 8% against the dollar in 2019, and again last year despite central bank foreign currency purchases of $21 billion. ....
Publishing date: Jan 25, 2021 • January 25, 2021 • 4 minute read • Article content JERUSALEM/LONDON The Bank of Israel spent $21 billion to try to stop the shekel’s steep appreciation in 2020, with little success. How about $30 billion in 2021? That’s the paramount question for the central bank as it steps up its seemingly never-ending battle against huge foreign inflows and a host of other factors boosting a shekel that is increasingly hurting exporters at a time when the economy is already struggling from the coronavirus pandemic. We apologize, but this video has failed to load. Try refreshing your browser, or Bank of Israel vs the FX market: Can $30 billion stem the shekel s ascent? Back to video ....