Agriculture

In the central region of the country, in Tel Aviv and in the cities of the Sharon region, heavy rains are falling and even hail falls from the morning hours. The rains are also falling in the south of the country, a day after the cyclists of the jiro competition have already left the country after three days of competition. In the Sharon, a heavy hail has fallen and the Meteorological Service says there is a fear of floods in the south of the country, especially in streams. it's an unusual weathewr for the month of May

Dan Capital, the infrastructure company of the Dan bus company, will purchase the Sorek 1 desalination plant from IDE, which is owned by Alpha Partners (50%) and Delek (50%). Sources close to the deal said the deal was signed at the end of the week and the price of the facility would be NIS 540 million

The fund for insurance of natural disasters in agriculture says that the amount of compensation for weather damage to farmers increased by 25% last year compared to the previous year, amounting to NIS 250 million.ץDuring the year, Kant, a fund for the insurance of natural disasters in agriculture, was received. From over 10,000 reports of damage caused to various crops. Shmulik Turgeman, CEO of Kent: The weather is becoming more extreme and every event is causing more economic damage.

The current high-rainfall winter is a blessing for farmers across the country, but the weather, especially the stormy weather last week, also caused major damage to crops. Data from Kent, the fund for the insurance of natural disasters in agriculture, shows that since the beginning of the month the company's situation room has received more than 550 reports of damage to various crops throughout the country. According to preliminary estimates by Kent assessors, the damage since the beginning of January alone is estimated at more than NIS 40 million. However, some of the damages can be...

Israel was hit by huge fires yesterday, mainly in the Ben Shemen Forest and in Kibbutz Harel. It turns out that Lag BaOmer celebrations did not extinguish the fires properly and the fire returned to the fire due to a heat wave that hit Israel. 40 of 50 houses in two settlements in Kibbutz Harel and Mevo Modi'in were damaged. The town of Mevo Modi'in suffered heavy destruction. In Kibbutz Harel, too, six houses were set on fire - and the residents were not allowed to return to their homes. Thousands of residents were evacuated and spent the night in various places. Road 443 was blocked in...

The Fund for Natural Damage Insurance in Agriculture - Kent published the data on the extent of weather damage caused to farmers in the first half of 2019. The data show that farmers are expected to receive compensation of only NIS 200 million for the past six months. The data also shows that the highest compensation will be given to vegetable growers, followed by fruit and fruit growers. In Kent, it is added that due to the nature of weather damage to agricultural crops, the final extent of damage can only be determined when the crops reach the packing houses

Earlier this week, more than 500 farmers' reports of large-scale damage caused by the various storm events that occurred in January were received in Kent's State Chamber of Agriculture (pronunciation: KANAT). Initially, the damage is estimated at more than NIS 50 million. It should be noted that the damage dimensions will only be determined later after farmers, and Kent estimators, can enter the flooded fields. Also, the kind of damage that we experienced from high winds and heavy rainfall has implications for the continued development of the various crops so that the final damage...

El Al has asked the Ministry of Finance to cancel or postpone the issuance of the shares it was required to carry out under an agreement with the state, until the end of July 2021. El Al received a payment of $ 210 million from the state in early May 2021 for the flight services of the aircraft security system for the next 20 years. As part of the agreement, EL AL undertook to issue shares, options or mix of the two by the end of July 2021, with a minimum amount of $ 105 million. The controlling owner of El Al, Eagles' Wings, owned by Kenny Rosenberg, has pledged to order at least $ 43...