Articles by August, 2018

The S&P credit rating company announced that it has upgraded Israel's credit rating from A + to AA -, the highest rating Israel has ever won. Raising the rating is a very significant achievement for the Israeli economy and expresses confidence in the ability of the economy to grow and the government's ability to maintain a responsible fiscal policy. On the practical level, it will allow the government to raise funds under better conditions

The Finance Committee of the Knesset approved the plan of the Government Companies Authority to sell 20% of the shares of the Israel Postal Company from the government to a private strategic investor, and another 20% to the public. However, the committee demanded that the Authority and the Ministry of Finance report to the Knesset in the future in order to obtain its approval of the order of vital interests that the Minister of Finance will issue prior to privatization

Wissotzky also raises the price of its products. Tnuva, the largest food company in Israel, raised the prices of dairy products not under the price control order by 2.2 percent. Among the unregulated products whose price will rise: salty cheeses, yellow cheeses on the shelf, special cheeses, delicacies, milk drinks and some yogurts

Hundreds of thousands of households will be able to enjoy surfing the Internet at a speed of 1,000 megabytes, following Cellcom's takeover of the IBC fiber optic project. The communications giant signed a memorandum of understanding to buy70% of the control of the IEC project for NIS 100 million. Cellcom plans to reach half a million homes in Israel within three years

NICE completed the acquisition of Mattersight from the United States for $ 103 million, and the acquisition was completed after receiving the necessary approvals, including Mattersight's shareholders, for which NICE paid them $ 2.7 per share, and announced the acquisition last April, Then a premium of about 25% on Matsight's stock price on the NASDAQ

The dollar fell 0.9% and its representative rate was set at NIS 3.610, while the US currency lost 3% in value, while the representative euro fell 0.7% to NIS 4.222