Israeli software giant Nice is laying off 500 workers worldwide
Nice is cutting 5 percent of its global workforce today.
Israel business
Business news from Israel and the shekel, for owners who trade, invest or build there.
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Intel expects a $600 million hit after an explosion at its Israeli plant
An explosion at Intel's Fab 28 near Kiryat Gat forced a two-week shutdown. The tech giant projects $600 million in lost revenue over two quarters. If you buy Intel chips or servers for your business, expect tight supplies and possible delays on older processor lines over the next two quarters.
El Al reports record $1.27 billion revenue and enters Tel Aviv 35 index
El Al, Israel's national airline, posted an 18% revenue jump for the third quarter of 2026. Profit fell 14% to $172.2 million after a write-down on credit card firm ICC-CAL. The airline is entering the Tel Aviv 35 index for the first time.
