Articles by February, 2020

Credit rating S&P has ratified Israel's credit rating on a AA minus rating with a stable horizon
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Credit rating S&P has ratified Israel's credit rating on a AA minus rating with a stable horizon

by Ifi Reporter

Category: Financial

International credit rating company S&P has ratified Israel's credit rating on a AA minus rating with a stable horizon. In the report, the company refers to the exceptional political situation that Israel has encountered in which no government and Knesset have been functioning for nearly a year and a half. The rating company estimates that before fiscal adjustments (budget cuts and tax increases) next year's deficit will be in the 3.5% range, increasing debt-to-credit ratios indicates that despite the short-term growth forecast, long-term growth may be lower in light of structural...

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Feb 1, 2020

INTEL EXPORT FROM ISRAEL IN 2019 INCREASED BY MORE THAN $ 2.7 BILLION TO $ 6.6 BILLION
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INTEL EXPORT FROM ISRAEL IN 2019 INCREASED BY MORE THAN $ 2.7 BILLION TO $ 6.6 BILLION

by Ifi Reporter

Category: Hitech

Intel Worldwide released data on its operations in Israel, which shows that in 2019, the company's exports nearly doubled. Intel Israel's volume of exports increased by more than $ 2.7 billion to $ 6.6 billion last year, compared with $ 3.9 billion in 2018. The company's total exports during its 46 years of operation in Israel total more than $ 60 billion

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Feb 2, 2020

After 15 months in prison former IDB chairman Nochi Dankner is again a free man
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After 15 months in prison former IDB chairman Nochi Dankner is again a free man

by Ifi Reporter

Category: Law

A year and three months after he began serving his three years in prison, businessman and former IDB chairman Nochi Dankner is set to go free. This morning, a person who was previously considered the most powerful man in the economy and jailed for securities law offenses At the gate of a prison jail, a prisoner behind bars became a non-suspended prisoner. This, after last Thursday's release from the Ma'asiyahu Prison, approved his request for early release. The decision by the parole committee to order Dankner's release was made after the State Attorney's Office, through Attorney Gabi...

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Feb 2, 2020

"communications infrastructure development will close gaps between the periphery and center"
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"communications infrastructure development will close gaps between the periphery and center"

by Ifi Reporter

Category: Government

"Accelerating communications infrastructure development will close the gaps between the periphery and the center. This requires telecommunications companies and municipalities to join hands and improve the situation," said Nati Cohen, director of the communications ministry, at a joint conference held by the firm on establishing communications infrastructure in the Bedouin communities in the south. Establishing the communications infrastructure in the Bedouin communities was a low national priority and these communities did not receive the level of infrastructure found in their localities...

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Feb 3, 2020

Corona virus: Israeli companies with activity in China indicate no significant impact on business
101 Views Details

Corona virus: Israeli companies with activity in China indicate no significant impact on business

by Ifi Reporter

Category: Health

The reports of Israeli public companies holding significant activity in China indicate that there is currently no significant impact on business. However, the expected harm is mainly in the tourism sector of Chinese who will not come to Israel. It is estimated that about 24,000 tourists from China will be canceled in the next two months. Most of them spend an average of seven nights per night. This is a loss of close to 170,000 overnight stays in February and march

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Feb 3, 2020

Check Point net profit of $ 272 million and  revenues approaching $ 2 billion, better than expected
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Check Point net profit of $ 272 million and revenues approaching $ 2 billion, better than expected

by Ifi Reporter

Category: Financial

Cyber-security cybersecurity firm sums up 2019 with revenue growth of 4.1%, a minor increase in GAAP and 7.3% in non-GAAP net earnings per share. The company topped analysts' forecasts with revenues approaching $ 2 billion - about $ 1.995 billion, of which about $ 544 million was recorded in the fourth quarter, a 3.5% year-over-year growth. Revenue from sales of products and licenses fell 1.7% to $ 158 million in the quarter, while revenue from the sale of security subscriptions, as well as revenue from software and maintenance updates, grew both quarterly and yearly. Under GAAP, Check...

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Feb 3, 2020

Afcon Electric moves to the next phase of operating the largest public charging network
60 Views Details

Afcon Electric moves to the next phase of operating the largest public charging network

by Ifi Reporter

Category: Hitech

Afcon Electric Transport, a company owned by Afcon Holdings, is completing another phase of operating the largest public charging network in Israel. Afcon has recently completed the installation of charging stations in the Dan hotel network across the country. In recent months, Afcon has established dozens of fast charging stations in BIG complexes, across the Emek Hefer Regional Council and many kibbutzim nationwide. The hotels participating in the pilot are the Dan Hotels chain: Dan Tel Aviv, Dan Carmel, Dan Panorama Tel Aviv, Dan Eilat, King David and the Link Hotels chain. Udi...

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Feb 3, 2020

Average salary of employees in government offices in 2018 - NIS 16,600: 67% are in labour dispute
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Average salary of employees in government offices in 2018 - NIS 16,600: 67% are in labour dispute

by Ifi Reporter

Category: Government

The average salary in government offices in 2018 increased by 2% compared to 2017 to NIS 16.6 thousand. The median wage rose by 2.4% to NIS 14.6 thousand. Among government ministries, the populations whose salaries have increased significantly since 2010 are the attorneys, whose wages have risen by an average of 113% and in 2018 stood at NIS 27.4 thousand, and taxpayer employees whose wages rose by 80% to NIS 16.2 thousand. In contrast, the salaries of civil servants without both populations increased by 49% to NIS 10,000. This is according to a report from the Wage Commissioner, Kobi Bar...

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Feb 4, 2020

 the Knesset committee approved MK Haim Katz's request for immunity
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the Knesset committee approved MK Haim Katz's request for immunity

by Ifi Reporter

Category: Politics

On Tuesday evening, the Knesset committee approved MK Haim Katz's request for immunity, after he opened his second hearing this morning. The committee voted for granting immunity to Katz in two of the three grounds he requested. In voting on the first cause, with the support of 16 Knesset members in opposition to 10 and 4 abstentions, the Knesset committee decided to grant Katz immunity from prosecution on fraud and breach of trust. Beyond the right-wing / ultra-Orthodox bloc, MK Oded Forer and MK Julia Malinowski also voted in favor. The ten opposing MKs were a white brush, the...

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Feb 4, 2020

Cyberwrite: cyber attacks on municipalities in Israel could lead to damages of  NIS 4.5 billion
30 Views Details

Cyberwrite: cyber attacks on municipalities in Israel could lead to damages of NIS 4.5 billion

by Ifi Reporter

Category: Hitech

Cyberwrite conducted a study for MasterCard that indicates that cyber attacks on municipalities, local authorities and regional councils in Israel could lead to aggregate damages totaling NIS 4.5 billion. Cyberwrite, which deals with public cyber risk mapping based on public information, was selected to participate in Start Path, the global MasterCard startup program designed to support innovative companies in the field of fintech. As part of the collaboration, Cyberwrite analyzed using AI technology that developed the cyber risk profiles of 251 Israeli authorities. The study shows that...

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Feb 5, 2020

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