Daily brief
Israeli billionaire Yakir Gabay has announced a plan to rebuild the Gaza Strip, proposing a new city with housing, hospitals, and schools. The plan, which he claims is apolitical, would require cooperation from Israel, the Palestinian Authority, and Arab nations. Gabay stated he is prepared to invest billions of his own capital to fund the initiative.
An Israeli cyber startup has raised $150 million in funding to secure critical infrastructure like power plants and hospitals.
A historic spike in natural gas prices is being driven by the threat of an extreme winter storm in the United States.
The Bank of Japan is expected to hold interest rates steady as an upcoming election and a spike in bond yields create economic uncertainty.
New York City Comptroller Brad Lander's plan to invest in Israel bonds has been rejected by a council member, highlighting a political divide.
The Israeli government plans to sell stakes in state-owned defense companies to help offset the costs of the ongoing war.