Articles by May, 2020

Another huge acquisition for Intel in Israel: The company signed a deal with Moovit on Monday. The public transport travel app, with 775 million users worldwide, operates in 45 languages, in 3100 cities located in 102 countries. The value of the transaction is estimated at $ 1 billion. In its early years, Moovit focused on free end-user service, but in recent years its business model has expanded. As part of the new model, Mobit offers its various cities and authorities technology as an infrastructure through which they can map and improve their public transport systems.

Full exit strategy from the crisis: Prime Minister Benjamin Netanyahu says Israel has recorded "great achievement" in the fight against the spread of the Corona virus. During a press conference held in his Jerusalem office, Netanyahu on Monday presented a series of countries where the proportion of patients and the dead is relatively higher than in Israel, noting that "Israel's achievements serve as a model for many countries." At the outset, Netanyahu said: "Our response to the Corona crisis, the global crisis, is unabated. We are not letting go of the effort to overcome the virus that...

43 people have been diagnosed as positive for the Corona virus in the last day. This is according to the Ministry of Health data released on Tuesday evening. This represents an increase of 0.26%. Since Saturday night, only 104 new patients have been diagnosed. It has been over a week that the daily growth rate does not exceed one percent. 5,586 people are now defined as active patients, and 10,465 have recovered. In the last day, there was also a 4% increase in the number of recoverers. 91 of the patients are in a difficult situation - only one patient increase compared to yesterday....

According to the Central Bureau of Statistics (CBS) data released on March, a 19.1% increase in food chain revenue was recorded. . The sharp rise in food chains has led to an increase of 4.1% in March in all marketing chains. It can be estimated that most of the increase was achieved from the contribution of food and pharmacy chains, since apart from most of these areas, most of the retail activity was disabled with the closure of shopping malls and street shops, following the Ministry of Health's guidelines. A quarterly analysis shows that in January-March, there was an increase of 2.2%...

The Treasury has circulated a memorandum of law that will increase spending in the face of the Corona crisis by NIS 15.6 billion. The same extension is intended to fund the grants to encourage NIS 6 billion in employment, which was agreed to be distributed as a result of the retail chains' protest as well as the establishment of a dedicated loan fund for risk-averse businesses that were refused by the banks. The fund will receive a larger state guarantee and will provide NIS 5 billion in loans. According to the Accountant General's Budget Report, NIS 20 billion has been paid to date in the...

In April, 177,000 new job seekers registered - down 76% compared to March, when the number of new unemployed was 756,000. According to an April report released by the Employment Service on April, an average of 6,200 new jobseekers were registered each day. Of the new jobseekers in April, about 21,000 were laid off (about 12%), compared with about 6% in March. This is due to a 79% reduction in the use of foreign currency. "The Employment Service expects many of the IDF job seekers to be laid off," it said. The number of unemployed reached a record high of 1.15 million in April, which is 28%...

The government ministers (Sunday) approved the opening of public gardens throughout the country, as well a availables the use of the amusement and fitness facilities there, but without amusement facilities. The gaming facilities will not open for use. The decision was made by telephone meeting of the ministers. This is a continuation of the exit strategy from the Corona crisis. At the meeting, which was chaired by Foreign Minister Israel Katz, the ministers also confirmed that the isolation obligation in the hotel would be revoked from abroad, and they could now stay in domestic isolation....

Education and health ministries on Monday concluded an outline for a gradual return to elementary, middle and high school studies. The ministry has concluded that fourth-12th graders will return to school this Sunday, May 17, but only for part of the week and in a limited format. All classes will be divided into separate groups of 20 students. According to the layout, students will not be required to wear a mask, but will keep two meters apart. The teacher will also keep a similar distance from the students, and if he travels between them, they will be required to wear masks. It was...

A fall in potash and phosphate prices resulted in a 57% drop in Israel Chemicals (ICL) 's net profit in the first quarter of 2020, totaling $ 60 million - 5 cents a share. ICL's revenue, managed by Reviv Zoller, fell 7% in the first quarter of 2020 compared to its corresponding quarter in 2019, totaling $ 1.3 billion - 4% more than the analysts' forecasts. The decrease in ICL's revenues (-2.89% 1210) was due to a 15% ($ 44 per tonne) drop in potash prices in the last quarter compared to the corresponding quarter, to $ 250 per ton. ICL was also hit by a fall in the price of green phosphoric...

Health Ministry Director Moshe Bar Siman-Tov announced Tuesday morning to Prime Minister Benjamin Netanyahu and Health Minister Yaakov Litzman about his desire to resign. In a letter he sent to the two, he wrote that "upon the establishment of the government, I would like to announce my resignation from the office of the Director General. The State of Israel service is the greatest privilege. After almost 20 years in public service, of which five years as Director General of the Ministry of Health, it is time to move on. "I am proud of my years as CEO and especially in dealing with the...