Articles by November, 2019

The National Insurance Institute publishes the 2017 Wage and Income Survey and it turns out that Jerusalem residents are at the bottom of the list when it comes to earning a job. Of the major cities defined as cities with more than 200,000 residents, Jerusalem is at the bottom of the list. The average wage of workers in the capital of Israel reaches eighty-one and a half percent of the average wage in the economy. The average wage in August totaled NIS 10,808, an increase of 2.5% compared to last year. Since the beginning of 2018, the average wage in the economy is higher than NIS 10,000...

The telecommunications and cable company HOT concluded the third quarter of 2019 with revenue stability, crossing the threshold of one million customers in stationary products. This is according to reports by Patrick Drehi's Altice Europe Altice Europe company, which controls the HOT. Quarterly EBITDA fell 14% year-on-year to € 93 million, which also includes TAT ​​- Altis's technician company in Israel. The company's revenues in the third quarter were € 246 million, down 1.6% on the same quarter. The company noted that the decline was due to continued competition in the company's...

Chamber of Commerce president Uriel Lin is furious at the unfair competition, claiming that Amazon is running "Amazon's operation in Israel is designed to destroy competitors." In a letter sent to the Competition Authority, Michal Halperin Lin claims that the limited deal with which Amazon went out, which offers free shipping in Kenya for more than $ 49 on Chinese Bachelor Day, created a state of unfair and unequal competition and the introduction of unfair competition Eliminate retailers who don't have Amazon's resources. " Commentators estimate that Uriel Lin is not really furious about...

The ceasefire reached between Islamic Jihad and Israel has been violated again and at least five rockets have been launched into communities near the Gaza Strip in the last hour. Among other things, rockets were launched into the cities of Sderot and Netivot, and to smaller towns in the Negev, Eshkol and Sha'ar Negev areas. An iron dome system intercepted two rockets. Egyptians reported this morning that a ceasefire agreement has been reached between Israel and Islamic Jihad. A certified Egyptian source reports that the Islamic Jihad agrees to stop the shooting and will settle for...

Veteran Veteran communications equipment company ECI, controlled by Shaul Shani, reports a merger agreement with Ribbon Communications for 32.5 million shares of Ribbon, plus $ 324 million in cash. In addition, as part of the agreement, ECI's shareholders will receive up to $ 31 million for real estate assets owned by the company. Sovereign investors, who operate in the field of secure cloud communications, are responding harshly to the move. Its stock (NYSE: RBBN) plunged NASDAQ by about 25%, reflecting a market cap of $ 347 million. The deal, including the stock component, reaches $ 486...

Microsoft has hired former United States Attorney General Eric Holder to conduct an audit of facial recognition company AnyVision to determine whether it complies with Microsoft’s ethical principles on how the biometric surveillance technology should be used. Microsoft’s venture capital arm, M12, invested in AnyVision as part of a $74 million Series A funding round in June. Under the terms of the deal, Microsoft stipulated that AnyVision should comply with its six ethical principles to guide its facial recognition work: fairness,

The Ministry of Environmental Protection imposed a monetary sanction of NIS 1.1 mlilion on Zohar Dalia plant at the kibutz "Dalia" for various violations, which led to the addition of emissions of air pollutants. The plant located in Kibbutz Dalia in Ramat Menashe is a chemical plant for the production of raw materials for the detergents and cleaning products, toiletries and cosmetics. Following routine chimney sampling and citizen reports of the accumulation of white powdery sediment on surfaces and vehicles throughout Kibbutz Dalia, various violations have been discovered, which can...

High demand for Teva's bond raising. The pharmaceutical company completed $ 2.1 billion in bond raising, compared to $ 1.5 billion originally planned. The company enjoyed high demand in the bond markets for low-rated debt that carries a relatively high interest rate in the environment of falling interest rates. Teva's $ 1 billion dollar bond will carry 7.125% and the euro denominated $ 1.1 billion will carry 6% Both series were aimed at cheaper debt recycling that was raised with the acquisition of Actavis in 2016 when Teva had a higher rating. Teva CEO Kar Schultz said, "Upon the...

The tax authority has started chasing Israelis holding accounts abroad. The Authority began investigations following information transmitted to Israel as part of the extensive exchange of information with European countries. The Tax Authority has arrested three Israelis - Aharon Winkler, Shai Tzur and Maya Bankov-Tzur - on suspicion of failure to report overseas bank accounts and other tax offenses. The three were arrested as part of two different investigations conducted by Diamond Unit and Mole Investigator Haifa and Northern Investigations, after their names were included in a list of...

The Syrian human rights organization reports that at least 23 people were killed in the Israeli attack, most of them Syrian soldiers. According to the organization, seven of those killed are foreign nationals, probably Iranians. They emphasized that IDF attacked Iran's headquarters base in Syria. Lebanese newspaper Al-Akhbar, close to Hezbollah, reports from Syrian security officials that most of Israel's positions attacked have been cleared beforehand because there was an expectation that Israel would respond to the shootings from Syria in the Golan Heights earlier this week.The paper...