Communication

Partner, a prominent player in the telecommunications sector, showcased its ability to adapt and excel amidst challenging market dynamics, as it reported its financial results for the second quarter of 2023. The company's strategic shift towards premium products and a reduction in debt emerged as key drivers behind its successful performance

In what should have been one of the peak seasons for Israel's hotel industry, hoteliers are now grappling with a sharp decline in occupancy rates and tourist bookings. The imposition of a vacation coupon system, long-standing high room rates, and pricing strategies that raise costs during peak seasons have all contributed to a challenging year for the industry. This trend is evident in the latest data from the Central Bureau of Statistics (CBS), which reveals a low point not seen in eight years

In a recent monthly report published by the National Airport, it has been revealed that passenger traffic in August soared to new heights, shattering previous records. Last month, a staggering 2.9 million passengers passed through the National Airport, marking a remarkable increase of 24.5% compared to the same period in 2022.

In a move that has raised eyebrows and sparked controversy, the Ministry of Finance has submitted a request to the finance committee for substantial budget transfers, totaling hundreds of millions of shekels. The funds are primarily intended to bolster ultra-Orthodox education and yeshivas, along with other religious initiatives

Jerusalem is gearing up for the most complex project in its history, the Blue Line Light Rail project. This groundbreaking initiative will be established using the Public-Private Partnership (PPP) method, and it is set to revolutionize the city's transportation infrastructure

In an urgent response to the impending cessation of insurance coverage by international companies, the Israeli government is set to extend a financial lifeline to El Al and Israel Airlines. The move aims to secure vital insurance against the risks of war, following the recent announcements of international insurers discontinuing their services within seven days

Demonstrations of support for the families of the abductees held in the Gaza Strip took place across Israel on Saturday evening. This marked the third consecutive week of protests demanding the return of the abductees, with some protestors also calling for the removal of Prime Minister Benjamin Netanyahu

In a significant development within the Israeli communications market, the Fortissimo investment fund is set to acquire a controlling stake in Cellcom, a leading telecommunications company, at an estimated value of NIS 2.6 billion. The strategic move involves Fortissimo purchasing a substantial 36% holding from DSKSH for approximately NIS 925 million

In a promising development for Israel's aviation sector, the Lufthansa Group, a global aviation giant, has officially announced the resumption of flights to Israel starting January 8, 2024. This marks a significant step towards the recovery of international air travel in the region after disruptions caused by the recent conflict