Goldman Sachs forecasts Shekel depreciation, while Israel makes major defense purchases and sees tech startup success.

Goldman Sachs predicts the Israeli Shekel will reach 3.6 per US Dollar in a year. Major airlines are seeking financial guarantees from Israel to resume flights, and Israel has ordered 25 F-15EX fighter jets from Boeing for $5.2 billion. Meanwhile, French courts have cleared Israeli defense firms to exhibit at military trade shows. Salesforce acquired Israeli cloud backup firm Own for $1.9 billion, and PepsiCo fully acquired hummus maker Sabra from Israel’s Strauss Group for about $244 million. Time named nine Israeli startups among the 'Best Inventions of 2024,' highlighting the nation's technological innovations.

December 01, 2024
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