Articles by November, 2019

Two Israelis are charged for fraud of tens of millions of dollars in binary options
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Two Israelis are charged for fraud of tens of millions of dollars in binary options

by Ifi Reporter

Category: Law

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...

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Nov 2, 2019

The new Prime Minister's plane took off this morning for a first test flight
51 Views Details

The new Prime Minister's plane took off this morning for a first test flight

by Ifi Reporter

Category: Government

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...

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Nov 3, 2019

2018: foreign companies  exercised reciprocal transaction that totaled about $ 4 billion
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2018: foreign companies exercised reciprocal transaction that totaled about $ 4 billion

by Ifi Reporter

Category: Government

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...

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Nov 3, 2019

US cyber giant Proofpoint acquires Israeli cyber  ObserveIT for $ 225 million
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US cyber giant Proofpoint acquires Israeli cyber ObserveIT for $ 225 million

by Ifi Reporter

Category: Hitech

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....

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Nov 3, 2019

 A 50-year-old construction worker was killed in s site of the "Mashur Brothers"
235 Views Details

A 50-year-old construction worker was killed in s site of the "Mashur Brothers"

by Ifi Reporter

Category: Real Estate

A 50-year-old construction worker was killed at a construction site of the "Mashur Brothers Building & Development" in the city of Beit Shemesh. The worker fell from a few floors when he was working and a MDA paramedic ruled his death there. The slain is Sheriff Abdullah deportation from Hebron District

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Nov 4, 2019

 Bezeq is right: There is no economic viability in a nationwide fiber deployment
460 Views Details

Bezeq is right: There is no economic viability in a nationwide fiber deployment

by Ifi Reporter

Category: Financial

The Ministry of Communications published a public hearing on the layout of the fiber optic layout it has been working on for the past six months in collaboration with the Ministry of Finance and the Competition Authority. Bezeq and HOT's license does not require them to deploy fiber - the next generation of fixed-line Internet infrastructure - but requires them to offer their services in 100% of the country's territory if they decide to deploy. Bezeq began deploying fiber optics as early as 2013, retaining about 60% of the state, but suspended their actual connection to homes and...

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Nov 5, 2019

Renovation of buildings known as TAMA 38 will expire in five years - May 2025
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Renovation of buildings known as TAMA 38 will expire in five years - May 2025

by Ifi Reporter

Category: Government

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...

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Nov 5, 2019

Arkia airline  is in negotiation process with  employees on  wages cuts and layoffs
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Arkia airline is in negotiation process with employees on wages cuts and layoffs

by Ifi Reporter

Category: Government

Arkia airline is in the midst of a wide move of streamlining. The company, which was also hit by the closing of Sde Dov, is in an advanced negotiation process between management and employee representatives, as employees who hold 30% of the company's shares will likely have to reduce their wages, along with manpower cuts. Arkia has about 700 employees. At the same time, a month after appointing former CEO Gadi Tepper as chairman of Arkia instead of Avi Nakash (according to Arkia, he decided to retire at age 74), the company is undergoing another change and, in its place, as chairman of the...

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Nov 6, 2019

American software vendor EPAM: we have acquired the Israeli startup Naya
58 Views Details

American software vendor EPAM: we have acquired the Israeli startup Naya

by Ifi Reporter

Category: Financial

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...

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Nov 6, 2019

The budget deficit is not declining despite Treasury efforts to curb spending: 3.7% of GDP
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The budget deficit is not declining despite Treasury efforts to curb spending: 3.7% of GDP

The Israeli government's budget deficit is not declining despite Treasury efforts to curb spending. According to the Treasury budget update, the cumulative deficit in the past 12 months (November 2018 - October 2019) was 3.7% of GDP, a slight decrease from its September level (3.8%). Excluding the tax deferral, the cumulative deficit was at 3.6% of GDP. Expectations for October's publication were to reduce the deficit more significantly, in part due to great efforts by the Treasury to reduce budgetary expenditure. For example, the budget commander at Treasury Shaul Meridor froze the...

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Nov 6, 2019

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