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News - Globes

Quantum computing co Q-Factor raises $24m Boaz Levy to become Israel Aerospace chair Aidoc raises $150m to prevent diagnostic errors Banks' efficiency drives spark worker unrest Teva acquires Emalex Biosciences for up to $900m Gasoline prices to rise again Thursday night Deputy budget commissioner warns on �trauma economy� Israel drops key demand on Wizz Air hub Gedera house sells for NIS 5.53m Huge Crusoe Afula deal boosts Israel’s data centers sector Quantum Art extends Series A financing to $140m "Globes" poll of polls shows Beyachad brings opposition no gain Nvidia leases space for labs in Rishon Lezion Shekel-sterling rate heading below NIS 4/£ Shapir mulls buying control of Ashdod Refinery for NIS 1b Banks ask court to declare Nochi Dankner bankrupt Strong semiconductor sentiment boosts Ceva Yair Lapid and Naftali Bennett merge parties Supreme Court orders financial sanctions for draft evaders Israeli tech employees hold stock options worth NIS 150b Home price gap narrows between Tel Aviv and nearby cities Meta to lay off 100 employees in Israel EU regulator extends advisory not to fly to Israel Lyft buys Gett's London taxi-hailing operation Mobileye up sharply after beating analysts on Q1 Cyera buys Israeli startup Ryft for over $100m Israir to launch Israel-US flights in summer Ondas Israel unit to protect World Cup venues from drones Elbit awarded $200m IDF airborne munitions deal Study: IDF Talpiot program excels in producing entrepreneurs Israel's population grew 1.4% over past year Ondas wins $10m tender to clear mines in Israel Ramat Gan house sells for NIS 8.4m Is it time to buy dollars? Petition revives threat to Israel-EU trade El Al to launch subsidized Tel Aviv - Buenos Aires flights AWS extends Ichilov AI medical collaboration Elbit drones to undergo Canadian trials - report Activist investors seek to oust Radcom board Two-minute EV charging coming to Israel Businessman buys 5 Tel Aviv apartments in Dou project Mega Or buys Alliance Tire site in Hadera for NIS 1b cash El Al orders six more Dreamliners Gov't Cos Authority recommends splitting NTA Nofar Energy plans to dual list on Nasdaq New immigrants buy Tel Aviv seafront home for NIS 70m Shekel’s strength hits Israelis investing in US Israel’s enhanced F-35s performed impressively in Iran war ZIM CEO Eli Glickman quits over failed bid eToro buys Israeli startup Zengo for $70m Israel’s CPI rose 0.4% in March Strong shekel wipes out sovereign wealth fund returns Shekel-dollar rate dips below NIS 3/$ AI protection co Artemis Security raises $70m Israel's fiscal deficit narrowed sharply in March Taboola lays off 5% of workforce Apartment overlooking Jerusalem's Old City sells for NIS 66.3m Hamburger family sells Harel shares for NIS 1.2b IDF to issue tender for 12,000 Israeli-made assault drones Enlight gets regulatory nod for Arava energy storage facility Camtek acquires Israeli AI startup Visual Layer Israel’s skies reopen but booking flights is fraught with risk Israeli VC firm Iron Nation launches $60m fund Lubinski to buy 50% stake in SPAR Israel Zuk to buy Californian bank for AI overhaul Elbit Systems wins $750m Greek PULS deal Netanyahu promised intervention but thousands will lose pay Restrictions again eased for flights departing Israel Israeli startups raised $1.2b in March Cyabra tumbles following Nasdaq debut Identity governance co Linx Security raises $50m BoI governor signals budget could delay interest rate cuts Gasoline prices to rise sharply Tuesday night Cabinet to discuss mortgage subsidies Israeli AI code review co Qodo raises $70m Security management co Huskeys raises $8m ScaleOps raises $130m at valuation over $800m Harel buys 19% stake in Waxman Group engineers Chief economist cuts growth forecast Israeli tech startups raise $3.1b in first quarter Treasury chief resigns after just one year Gov't springs surprise NIS 800m addition for haredi education Investment home buyers taking record mortgages Bill Ackman invests in AI transitional care co Dimer Health Rafael CEO: Iron Beam becoming operational Isracard hijacks El Al’s Fly Card from ICC CAL Isracard hijacks El Al’s Fly Card from ICC CAL Iran’s underground missile bases immune to attack Delta cancels Israel flights to September as restrictions continue How safe are our safe rooms? Eilat medical school to open this year AI agents for regulated industries co Notch raises $30m VW in talks with Rafael to produce Iron Dome - report Salesforce Ventures invests in Upwind at $1.6b valuation Knesset passes first reading of Unpaid Leave Law Israeli traffic management co NoTraffic raises $90m Arkia switches flights to Aqaba and Taba Uber Eats gears up for Israel launch Restrictions eased on outbound flights Leviathan gas field resumes operations
Kinneret ends March above bottom red line
Globes correspondent · 2026-03-31 · via News - Globes

The heavy rains over the past week have boosted the lake.

The Kinneret (Sea of Galilee) has ended March 2026 just above the bottom red line following heavy rainfall over the past week, the Kinneret Authority reports. The lake is currently, 3.995 meters from its maximum level of 208.80 meters below sea level, according to the Kinneret Authority, and 20.5 centimeters above the bottom red line, beyond which water is not pumped out from the lake.

After a wet December and January, February and most of March have been dry with heavy rainfall only over the past week. While the south of the country has received above average annual rainfall, the north and the Kinneret are yet to reach average annual rainfall.

Despite its relatively low level, the Kinneret is in no actual danger. In 2023, Mekorot Israel National Water Co. and the Israel Water Authority launched the "Reverse Water Carrier" project in the north. The project will allow desalinated water from the Mediterranean Sea to flow inland to the Kinneret to maintain the level of the lake in dry and low rainfall years. Moreover, Israel no longer needs the Kinneret for its water, which is supplied by six desalination plants along the Mediterranean coast.

This winter so far Safed has received 512 millimeters of rain, according to the Meteo-Tech Meteorological Services, 90% of its average annual rainfall. Haifa has received 640 millimeters of rain, 118% of its average annual rainfall. Tel Aviv has received 347 millimeters of rain, 62% of its average annual rainfall, Jerusalem 531 millimeters of rain, 94% of its average annual rainfall, and Beersheva 250 millimeters of rain, 122% of its annual average rainfall.

More rain is forecast throughout the country for later this week and early next week as the rainy season comes towards its end.

Published by Globes, Israel business news - en.globes.co.il - on March 31, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.