Articles by June, 2019

The Knesset chose Matanyahu Engelman as the next State Comptroller. Engelman, the candidate of Prime Minister Benjamin Netanyahu, was elected by a majority of 67 Knesset members, compared with 48 who voted for the opposition candidate Giora Romm. Five MKs abstained. When the results of the vote were announced, Netanyahu called Engelman and congratulated him on his election to the post. "People were impressed by your integrity and professionalism," Netanyahu told Engelman. "You will do a great job and I am sure that it will work for the benefit of the state and for the benefit of the...

Israel Aerospace Industries (IAI) is launching the new T-Heron, the new Tactical UAV, in the Paris Air Show, the T-Heron aircraft is intended for tactical missions on the battlefield and will serve mainly the ground forces, the Coast Guard and others. My mission is multi-functional, and combines the most advanced technologies from IAI. The T-Heron model joins the UAV family of UAVs and is based on the extensive know-how and experience accumulated in the field of UAVs, which has accumulated over 40 years of operation in IAI, more than 1,700,000 cumulative operational flight hours and more...

The Taub Institute's State of the Nation Report of 2019 shows that the situation in the State of Israel is certainly relatively good, but various data indicate that there is a fear of economic and social deterioration and that it is very difficult to break out of poverty. The report shows that the levels of poverty and inequality have declined in recent years and that social investment has increased, but that it is much more difficult to exit the cycle of poverty in Israel than in OECD countries. To get out of poverty, a couple with two children has to work about 70 hours a week (each),...

The world's largest beer manufacturer, AB InBev, is setting up a cyber division in Israel that will meet global information security needs in all the regions in which it operates. The company has begun recruiting senior cyber personnel to be employed at a technology center it operates in its offices, which are spread over an area of ​​1,200 square meters at the Sonol Tower in Tel Aviv. In the first stage, about 30 employees will be recruited. By the end of next year, about 100 cyber workers will be recruited. AB InBev began operating in Israel after purchasing the Weissbeerger startup a...

Prime Minister Benjamin Netanyahu and Finance Minister Moshe Kahlon announced that they agreed to continue subsidizing kindergartens operating in the afternoon at the end of the school day, in the coming school year. The proposal will be submitted for Cabinet approval. The two claimed that a financial source was found for the continuation of the subsidy, but did not provide explanations as to the effect of the subsidy on the expected cuts in government ministries, in light of the growing deficit. Attorney General Mandelblit confirmed on Sunday that the budgets of government ministries...

Gross domestic product increased by 4.8% in the first quarter of 2019 compared to the fourth quarter of 2018, according to the second estimate published by the Central Bureau of Statistics on Sunday. This increase is more moderate than the previous estimate for the first quarter published last month, which reported an increase of 5.2%. Although the Central Bureau of Statistics has revised its growth rate in the first quarter downwards, this is still an impressive figure, reflecting an increase in the economy's growth rate, by 3.8% in the fourth quarter and 3.8% in the third quarter of 2018

The new start-up program will act "to accelerate Israeli startups in the early stages, and will begin operating in Israel and then expand to other countries." According to Intel's announcement, the program is designed for "Israeli start-ups that focus on the most influential developments in today's industry, including artificial intelligence (AI), autonomous systems and data-focused technologies and other business models. Start-up companies in the pre-seed stage to Sid in a 20-week program where they will receive practical mentoring from Intel experts and industry in a variety of product,...

French-Israeli businessman Patrick Derhey buys Sotheby's, the largest auction house in the art world, for $ 3.7 billion. Sotheby's announced that BidFair USA, owned by communications and telecom entrepreneur Patrick Drahi, will pay $ 57 per share in cash, and Sotheby's will become a private company. This is a 61% upside on the share's closing price last Friday on Wall Street - $ 35.39 per share, reflecting a market value of $ 26 billion before the deal

Netflix announced on Thursday that it will also raise prices in Israel. The change comes along with price increases in dozens of countries around the world, including France, Italy, Ireland and another 17 countries. At the time of the launch, the company offered three payment plans - the first for about NIS 30, which allows viewing one screen, the other for about NIS 40 for viewing on two screens, and the third and most advanced one, which allowed viewing four screens for NIS 50. Now the basic package price is expected to rise by NIS 3 to NIS 33, the price of the middle package will rise by...

VC Innogy Innovation Hub along with ConTech, an innovative program by the Israel Builders Association, in partnership with the Ministry of Housing and Construction and the Ministry of Economy, have all recently conducted a joint research to examine processes in the PropTech field over the last decade , including development in construction tech, asset insurance, property management, real estate exchange, and digitalization of construction processes, to name a few. The research found more than 100 different startup companies operating in this scope, with the last five years marking a...