Articles by July, 2019

The Israel Postal Company and Swiss Post will invite e-commerce start-ups for cooperation
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The Israel Postal Company and Swiss Post will invite e-commerce start-ups for cooperation

by Ifi Reporter

Category: Government

The Israel Postal Company begins their first cooperation with Swiss Post, which aims to identify technological solutions to the common challenges facing postal companies worldwide in the field of online commerce and logistics. The company is currently inviting start-ups and Israeli enterprises to offer advanced technological solutions that will meet the needs of both postal companies. This move is led by Maya Calderon, VP of Innovation & Business Development, Israel Postal Company, as part of the strategy to promote technological solutions, local business development and embracement of...

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Jul 1, 2019

Chinese-Israeli group will purchase  Alon Tavor power plant from  IEC for NIS 1.9 billion
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Chinese-Israeli group will purchase Alon Tavor power plant from IEC for NIS 1.9 billion

by Ifi Reporter

Category: Government

The Chinese-Israeli MRC Group, consisting of China's China Harbor and Israel's Mivtach Shamir and Rafak, is the winner of the giant tender for the purchase of the Alon Tavor power plant. The company beat six competitors and will purchase the station for NIS 1.9 billion. This is the first time a Chinese company has been entering conventional electricity generation in Israel. The station is supposed to be transferred to the group until the end of 2019. There is a large gap between the price offered by the group and the estimated shelf price of the station, which is around NIS 800 million....

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Jul 2, 2019

Arkia retracts the decision to dismiss 250 employees as a result of the closure of Sde Dov
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Arkia retracts the decision to dismiss 250 employees as a result of the closure of Sde Dov

by Ifi Reporter

Category: Government

Arkia's management decided to retract the decision to dismiss 250 employees as a result of the closure of Sde Dov. The employees will return to regular work and receive full payment for the compulsory vacation days to which they were issued. The Histadrut, Arkia Employees' Committee and the Company's management will immediately enter into a negotiation process that will deal with the Company's recovery plan and its efficiency. Arkia employees who were taken on compulsory leave will return to regular work as early as next Sunday, and will receive full payment for leave days

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Jul 3, 2019

Exits in the first half of 2019 totaled $ 14.48 billion in 66 deals
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Exits in the first half of 2019 totaled $ 14.48 billion in 66 deals

by Ifi Reporter

Category: Financial

Exits in the first half of 2019 totaled $ 14.48 billion in 66 deals, including the acquisition of Ananeda by Mellanox (a deal of $ 6.9 billion not yet completed). Without the Mellanox deal, the total amount of exits in the first half of the year was $ 7.58 billion, according to the IVC research report and the firm Meitar for the first half of 2019. Compared to the first half of 2018, the number of exits decreased slightly from 73 to 66 this year. On the other hand, the average value of the exit rose to $ 116.6 million without the Mellanox deal, and almost doubled compared to $ 63 million...

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Jul 3, 2019

"47 policemen were wounded by vilence of Members of the Ethiopian community"
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"47 policemen were wounded by vilence of Members of the Ethiopian community"

by Ifi Reporter

Category: Government

Demonstrations of Ethiopian Jews and their supporters in the wake of the death of Salomon Tekka from the shooting of a policeman in Haifa deteriorated on Tuesday evening to vandalism, anarchy, police and property damage. The riots continued all night. Rioters threw stones at a bus in Petach Tikvah and its windows were smashed, police cars in Kiryat Malachi were stoned, and policemen were attacked after midnight in Afula. Following riots on Route 431, near the Ramle junction, 10 wounded were evacuated to Assaf Harofeh Hospital, nine of whom were released to their homes. In the disturbances...

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Jul 3, 2019

The Ministry of Communications wasnts to  increase the number of possible Internet addresses
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The Ministry of Communications wasnts to increase the number of possible Internet addresses

by Ifi Reporter

Category: Hitech

The Ministry of Communications is revising the licenses of telecommunications companies and obliging them to adapt their networks to fully support the IPv6 protocol (IP address pool) in order to increase the number of possible Internet addresses. The transition to the new protocol is a complex process, since the core systems of the Internet and the replacement of the end equipment are required, and not all entities currently see a worthwhile return on investment. According to the Ministry of Communications, these are only a few million. The intention is to increase the number of IP...

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Jul 3, 2019

The budget deficit for the last twelve months is already 3.9 percent of GDP
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The budget deficit for the last twelve months is already 3.9 percent of GDP

by Ifi Reporter

Category: Government

The budget deficit for the last twelve months is already 3.9 percent of GDP, compared with 3.8 percent in the previous update in May. The reason for the exceptional deficit is a jump in government spending, while its tax revenues remain stable. The treasury's forecast is for a deficit of 3.6 percent at the end of the year, which is about NIS 50 billion, since the beginning of the year has already accumulated a deficit of NIS 21.9 billion. The target in the state budget for 2019 is a deficit of 2.9%. As of June, government expenditure was 10.4% higher than in the corresponding period last...

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Jul 4, 2019

 Israel Advanced Industries Association signed in China a strategic cooperation agreement
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Israel Advanced Industries Association signed in China a strategic cooperation agreement

by Ifi Reporter

Category: Politics

The Israel Advanced Industries Association (IATI) has signed a strategic cooperation agreement in China that will serve as a bridge between Israeli and Chinese industries. The cooperation was signed during the Nanjing Techweek 2019 Conference held in China's Jiangzhou Province. The provincial capital of Nanjing is considered one of the three most important cities in China's economy The cooperation will be expressed in promoting and strengthening the economic relationship in the field of innovation between the two countries, developing business relations between Israeli companies with...

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Jul 6, 2019

Bird, The US-Israel Binational Fund fapproved a $ 8.2 million investment in 9 ventures
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Bird, The US-Israel Binational Fund fapproved a $ 8.2 million investment in 9 ventures

by Ifi Reporter

Category: Government

The US-Israel Binational Fund for Industrial Research and Development (BIRD) recently approved a $ 8.2 million investment in nine joint ventures between Israeli and US companies. In addition to the grants, the projects will receive financing from the private sector, so that the total investment in the projects will reach $ 20 million. The BIRD Foundation works to encourage cooperation between Israeli and American companies in the various fields of technology

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Jul 7, 2019

Bank of Israel: the interest rate is expected to rise to to 1% by the end of 2020
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Bank of Israel: the interest rate is expected to rise to to 1% by the end of 2020

by Ifi Reporter

Category: Banking

The Monetary Committee of the Bank of Israel, headed by Governor Amir Yaron, decided to leave the interest rate unchanged for the sixth time in a row, and it will be 0.25%. At the same time, Bank of Israel economists kept the interest rate forecast unchanged for the rest of the year and next year. This means that the interest rate will rise once at the end of the third quarter of 2019 and twice in 2020. The rate of the basic interest rate in the economy has been 0.25 percent since the end of November 2018. At that time, the acting deputy, Nadine Bodo-Trajtenberg, decided to raise the...

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Jul 8, 2019

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