Articles by August, 2019

Category: Real Estate
Legislative amendment to fight construction accidents is expected to receive a green light from the Justice Department soon. This memorandum of law will allow the Ministry of Housing to revoke a license from a contractor whose site caused a fatal accident that resulted in death The bill will include a work stoppage on all contractor job sites. The bill's memorandum, drafted by Construction and Housing Minister Yifat Shasha-Biton (all of us), is already provoking anger among contractors who fear the severe crackdown. According to estimates by officials, the Justice Department is expected to...
Aug 4, 2019

Category: Law
The Israel Police has concluded an investigation into Deputy Health Minister Yaakov Litzman, on suspicion of allegedly exploiting his position and authority in the Ministry of Health, with the aim of improperly influencing the discretion of a variety of professionals subject to him in the ministry. Among other things, Litzman was investigated on suspicion of trying to influence a psychiatric opinion of a suspect in pedophilia. The findings of the interrogation were transferred two weeks ago to the Prosecutor's Office, which will examine whether to indict Deputy Minister Litzman. The...
Aug 5, 2019

Category: Hitech
The GPS disruptions, which have been felt since June in the area of Ben-Gurion Airport and in Israel and the area, have suddenly stopped in recent days. It is still unclear whether the interruptions have ceased following the intervention of Israeli security officials and the National Cyber Arrangement that took responsibility for the matter, but El Al Airline which instructed its pilots last month to disconnect the GPS components before landing at Ben Gurion Airport updated its pilots from now on as usual. At the end of June, the International Pilots Association warned pilots of losing...
Aug 5, 2019

Category: Capital Market
Frutarom, which was acquired by the US IFF last year at a huge exit, made unapproved payments" as part of its operations in Russia and Ukraine, IFF noted with the release of its Q2 2019 financial statements. According to IFF's preliminary findings, one of the top executives allegedly involved in the payments in question is Uri Yehudai, former president and CEO of Frutarom. In the merger deal completed last October, Yehudai was to serve as an outside advisor to the company, but is not yet a consultant. A Jewish response was received
Aug 6, 2019

Category: Hitech
Space-x successfully launched Israeli "Amos 17" satellite on the Falcon 9 launch carrier tonight. The launch was initially planned for the night between Saturday and Sunday, but was postponed due to a launcher valve failure. In a rainy weather area and the launch window tonight was postponed for half an hour following a lightning storm that occurred several hours before the launch. The launcher on which the satellite is stationed has been launched twice into space in the last two years and since it is his last mission - and it will not be recycled again - the amount of fuel is higher than...
Aug 6, 2019

Category: Health
Established in Israel and operating in the United States in recent years, Corindus was sold to Siemens Healthineers, part of the German Siemens Group, for $ 1.1 billion. The company was set up in the Technicon incubator called Navicath, attended by Prof. Rafi Biar who recently retired from the position of CEO of Rambam Hospital and entrepreneur Tal Wandrow. The company was originally founded to solve the medical problems of the doctors who work in the catheterization room. These doctors are exposed to a great deal of radiation, and their health is also damaged by wearing lead aprons to...
Aug 8, 2019

Category: Health
On Saturday a medical team from Beilinson Hospital flew in to Cyprus to perform 3 translplant operations and returned to Israel. This is part of Israel's cooperation agreement with Cyprus on the issue of organ transplants. Yesterday morning, the National Center for Transplantation staff flew from Beilinson Hospital in Petah Tikva to Cyprus to perform lung and liver transplant surgery. The team included transplant doctors, a lung cardiac machine operator and operating room staff. Two lung and liver transplants were performed in Israeli patients. Dr. Tamar Ashkenazi, director of the...
Aug 10, 2019

Category: Government
The LOTTE Group, one of the five largest corporations in South Korea, with a turnover of about $ 80 billion a year and a profit of about $ 5 billion a year, is looking for investments in Israel. The owner and chairman of the fifth largest corporation in South Korea, is currently visiting the country and meets with Minister of Economy and Industry Eli Cohen Minister of Economy and Industry Eli Cohen: "I welcome the arrival of the LOTTE company in Israel. The arrival of this company is indicative of the strength and quality of the Israeli market that continues to attract large companies...
Aug 12, 2019

Category: Financial
The Aeronautics deal was approved by the government. The Social Economic Cabinet, led by Finance Minister Moshe Kahlon, approved the deal in which Rafael government company and businessman Avihai Stolero bought Aeronautics for NIS 850 million. The Aeronautics Group is an Israeli company engaged in the development and production of intelligence-based, unmanned systems solutions for the international security market. The company's center is in Yavne. Following the transaction, Aeronautics' stock will be deleted from the stock exchange and will become a private company. The aerospace...
Aug 13, 2019

Category: Hitech
IAI announces its entry into the onshore field and the establishment of an innovative plant in this area in Be'er Sheva. The plant's products will be at the forefront of global technology in areas such as ground autonomous robotics, terrestrial radar systems such as drone guard for disrupting skimmers and border radar protection. The establishment of the onshore plant in Be'er Sheva is part of the new strategy led by the board of directors and management of the aerospace industry. Tens of millions of shekels will be invested in the establishment of the plant to build innovative...
Aug 15, 2019
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