Articles by November, 2019

Two Israelis are charged with a lawsuit filed by the U.S. Securities and Exchange Commission for tens of millions of dollars in binary options fraud. The Two Gil Beserglick and Rez Beserglick and another man, Kai Christian Petersen, used deceptive marketing techniques and "manipulative phone centers" to persuade investors to trade binary options through three operating sites, according to the lawsuit filed in Central California District Court. According to the lawsuit, employees at the call centers allegedly persuaded investors to open binary options trading accounts and deposit large sums...

The new Prime Minister's plane took off this morning for a first test flight, a plane held by the pilot of the IAA pilot. The flight lasted between two and three hours, during which time the airplane systems were examined. This is the first test flight of a series of flights and further tests to be conducted later. Last Thursday, the plane, worth NIS 729 million, performed a convection test according to the test flight preparation protocol. In this convection test, hydraulic systems, brake systems, and ground steering systems were examined. During the preparation for the first run, light...

In the coming years, government agencies are expected to contract with many foreign companies through 100 infrastructure and energy tenders, whose total value is estimated at NIS 200 billion. The Ministry of Economy said today that the call made by Minister Cohen to his colleagues in the government that the need to require government-awarded companies to implement reciprocal procurement in these auctions stems from the evasion of government entities from the obligation on foreign suppliers to reciprocate in the Israeli economy. During the cabinet meeting, the head of the Industrial...

US cyber giant Proofpoint acquires Israeli cyber company ObserveIT for $ 225 million. To date, ObserveIT has raised more than fifty million dollars.Observer develops solutions to address enterprise security threats. The company was founded in 2007 by Gabi Friedlander and Avi Amos and in 2013 the American venture capital fund Bain Capital acquired a significant stake in the company. The company's headquarters are in Boston and the main development center - in Tel Aviv. The company's CEO, Mike McKee, sits in Boston. The director of the company's development center in Israel is Tal Tikotsky....

The government's plan to renovate buildings to strengthen them and allow them to withstand earthquakes A plan known as the "TAMA 38" expires in May 2022, but will only finish completely in 5 years because local municipalities who wish to keep the plan going can follow the plan until May 2025. Provided they advance A local plan for urban renewal program which was recently approved. Head of National Housing and National Planning and Building Council Chairman Ze'ev Bielski: "After countless discussions and thinking, I welcome the extension of the 38th TEMA for a three-year termit. IT is a...

EPAM Systems, a digital platform engineering and software development solution provider, Software announced Wednesday the acquisition of Israeli company Naya Technologies (NAYA Technologies) for an undisclosed amount. As part of the deal, EPAM acquires both Israeli company 80 employees in Herzliya and American subsidiary NAYA Tech. EPAM employs around 30,000 employees and trades on NASDAQ at $ 9.75 billion. The company carries out projects for leading global companies of all disciplines, including prominent Google. Naya Technologies was founded in 2009 by June Okon and Yair Rosilio and...

Last November, the new Shufersal ONLINE website was launched, offering a personalized customer shopping experience. On the site you can find the online mall scene where you can find a rich variety of products in the fields of electricity, electronics, home and garden furniture, textiles and home decor, BE products and cosmetics from the BE chain and more. Offers and discounts are available at the Shufersal Online website throughout November. For example, a Dyson V11 Wireless Vacuum Cleaner at NIS 1,899 (instead of NIS 2,199), Wireless Headphones Air Pods 2 iPhone at NIS 599 (instead of NIS...

About thirty technology colleges will open in disruptions this morning due to budgetary hardship that threatens to continue their operations. Political controversy delays transfer of NIS 146 million budget promised in favor of technology college reform and another sixty-one NIS dictionary approved for colleges a year for college budget, lecturer money, vendor pay and ongoing management. Speaker of the Finance Committee Knesset Member Moshe Gaffney last week refused to transfer the money to the committee on the grounds that the money would drive reform in the technology colleges, a reform...

For the second time in a year, the Administrative Court canceled a plan to build 3,000 apartments southeast of Ashdod Port, which was twice approved by the National Planning and Building Committee and promoted by the Israel Lands Authority. This is a huge plan to build a new neighborhood known as Lachish Park, on a 612 acre site where Ashdod's new football stadium is to be built. The ruling will force the state to appeal to the High Court or completely cancel the plan. At the beginning of the year, the Be'er Sheva Administrative Court received a petition from the Manufacturers...

75% of the Jewish public in Israel purchases products from sites in Israel and abroad, according to a new survey conducted by the Israel Post Company ahead of the shopping holidays. The survey was conducted through the Shiluv I2R Research Institute in November 2019, in a national sample of 506 men and women from the adult Jewish population. By using the iPanel Internet Surveillance Panel, which covers 130,000 people, and the largest in Israel, 78% of shoppers on the various trade sites intend to order NIS 617 on average during the holiday season, twice the normal holiday. 11 when 65% of...