Articles by March, 2020

Corona Crisis Signal at El Al Company Announces First Dismissal Today. Students of 5 flight attendants, at various stages of the course, had to return their employee card today and were notified that the course had been stopped. It's about 100 people. In the meantime, 60 pilots admitted to the company and not yet accredited - will not be admitted into the company. These are pilots recruited in April. In light of the situation El Al was in, a message was circulated among the air crew that discussions were being held about the fate of the various promotion and diversion courses with the aim...

A resounding failure of the Blue and White Party and tremendous success for Prime Minister Benjamin Netanyahu. The Likud is close to achieving the necessary majority of 61 Knesset members. Exit models show that the Likud won between 36 and 37 seats, while Blue and White suffers from 32 to 33 seats. The ultra-Orthodox win 17 seats in the Knesset. Shas with 9 and Torah Judaism gets 8 seats. The voting rate is particularly high 71%. The left in Israel is crashing.The joint Arabic list receives between 14 and 15 seats.Right takes 7 seats, Avigdor Lieberman's party Israel Beitano receives...

Two more Israelis were diagnosed with Corona virus - the Health Ministry announced Friday. The two, aged 50, are residents of the center of the country who are currently living in isolation. One turned on February 27 from Madrid, Spain, and the other returned on March 4 from Zurich, Switzerland. As a result, the number of infected persons in Israel rose to 19. The Ministry of Health announced that the exact flight numbers and locations where the patients were staying will be published later. Yesterday, two other patients became aware of the infection. One of them, a tourist bus driver from...

The Bank of Israel monitors developments in the financial markets, in Israel and in the world, and on policy measures by central banks around the world. This is in light of the spread of corona virus in the world and in Israel. On Saturday, the number of people infected with the virus rose to 25. Last week, the weekly monetary committee * chaired by the Governor. The Research and Markets Division presented the latest developments, updates to growth forecasts around the world, and estimates of potential impacts. The committee discussed, among other things, the steps taken by other central...

A tough evening in Israeli aviation. The decision they feared came about: the closure of Israeli borders with the announcement of the isolation obligation to landers in Israel from all destinations in the world. Israir has announced it canceles it's international operations. The company said that following the announcement of the Prime Minister and the Ministry of Health, the company will work until the weekend to bring back all its passengers staying in the sand. The company will then cancel its scheduled international flights by the end of March. Flights inland from Haifa and Ben Gurion...

Today, all malls will close and, following their closure, the fashion companies have started taking workers on vacation without pay The Castro chain announced a complete shutdown of its operations except for online sales. Six thousand network workers were taken on leave pending a new announcement Hamashbir Consumer Network will also suspend its operations in the branches until after Passover. Hamashbir's employees will also go on vacation without pay. Our correspondent Amit Tomer says that the industry estimates that today more companies will announce a similar move

American Equity Fund Helman Friedman signed a purchase deal with Israeli cyber company Checkmarx this morning. The company was fully sold in a cash deal for $ 1.15 billion. However, as part of the Checkmarkx shareholder's deal, including Insight - they have exchanged some of their proceeds in acquiring shares, as is customary in private equity deals. The company was sold through a quick auction process that began on Thursday, during which a number of huge funds were bidding on the deal. And it closed in three days. This is Insight's first sale in Israel, and it gives it a significant...

The government (Sunday) approved the use of surveillance through cell phones to fight Corona. According to officials of the Justice Ministry, according to the approved outline, both the paths of the verified patients' paths through their cellular devices will also be reviewed and an attempt will be made to locate people who were around and possibly infected. In the first circle, to be conducted by the police, patients will be asked to confirm their cellular examination to check where they were - instead of the questioning conducted today by a medical staff member. In some circumstances,...

The directives announced by Prime Minister Benjamin Netanyahu and Finance Minister Moshe Kahlon in the shadow of the krona crisis will lead to a NIS 45 billion damage to the Israeli economy. That's how the chief economist of the Treasury, Shira Greenberg, estimates. Greenberg states that the measures announced to combat the spread of the Corona epidemic are expected to bring about a decline in GDP, estimated at about NIS 25 billion (representing about 1.6% of GDP). In addition, Greenberg estimates that the decline in GDP as a result of the measures announced until last weekend, alongside...

Approximately 5,000 Alel employees are leaving the USSR today after the workers' committee has withdrawn its opposition to the move. At the same time, progress has been made in committee and management relations, and talks have been taking place between the parties in recent days. Despite El Al's publications 10 days ago regarding the removal of workers from the USSR, nothing was actually done due to the opposition of the committee.