Israel's war with Hamas is not the only issue noted by the ratings agency, citing the looming threat at Israel's northern border.
The center's activities will stretch throughout the Negev and the Arava, from Kiryat Gat to Eilat and Sderot to the Dead Sea.
After expediting his VC’s launch in order to support Israel during the war, the founder has urged other US VCs to continue investing in Israel’s tech ecosystem.
Additionally, only 41% of Israeli business leaders express complete confidence in the accuracy of their data.
S&P Global Ratings Maalot Ltd: "The company's rate of output remains almost unaffected by the current fighting and call-up of reservists."
Even before the security crisis in October, the first three quarters of 2023 showed a 60% decrease in volume and a 21% decrease in the number of transactions.
The latest Melnick report gives one of the first concrete indications about the war’s effect on the Israeli economy.
The economic price Israel is paying for the war on Hamas, with the Manufacturers Association reporting that the economy had already lost NIS 4.6 billion.
This marks a reversal, as Israel had managed in the past decade to persuade more of its startups to set up their legal identity domestically.
Intel does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away.
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