Articles by September, 2020

The historic signing ceremony for the normalization agreements between Israel and the United Arab Emirates and Bahrain ended on the southern lawn of the White House in Washington. The ceremony will be attended by hundreds of guests, and in the presence of Prime Minister Benjamin Netanyahu, US President Donald Trump, UAE Foreign Minister Abdullah Ben-Zayed, and his Bahrain counterpart Abdel-Latif al-Ziani. At the head of the speeches was President Trump. He referred to past relations between Israel and Arab countries in the Middle East, and welcomed the agreement. "In the history of Israel,...

A perishable personal device for identifying the corona of an Israeli entrepreneur last night received an emergency permit from the US Food and Drug Administration (FDA). Visby Medical has announced that it has received approval for the company's personal and disposable PCR device, which is used for rapid detection of COVID-19 disease; The hand-sized device is capable of delivering extremely reliable results in less than 30 minutes. Visby was founded by Adam de la Zerda, who also serves as the company's CEO, a graduate of the Technion in Computer Engineering. It is reported that the first...

For the first time since the closure was imposed, thousands of people demonstrated on Sunday evening against Prime Minister Benjamin Netanyahu in Paris Square, near his residence on Balfour Street in Jerusalem. This is the 14th demonstration in a row since a protest began against the continuation of his tenure under indictments and against the background of the failures to deal with the corona plague. During the demonstration, police arrested a suspicious driver who was driving toward police checkpoints and stopped creaking as he approached police. The driver, a resident of Jerusalem in his...

The Central Bureau of Statistics (CBS) publishes data for August, according to which the unemployment rate in the labor force is about 5.4%, compared with 5.1% in July. The labor force rate of employed persons who were temporarily absent from work all week for reasons related to the Corona virus, plus the unemployed stands at 9.8% (10.3% in the previous month). The proportion of non-employed people who stopped working due to dismissal or job closure from March 2020, plus the employed who were temporarily absent from work all week due to Corona virus-related causes, along with the...

The current cost of the closure is about NIS 11-12 billion," said Shira Greenberg, the chief economist at the Ministry of Finance. "This cost reflects the cost of the closure, from the day it was applied before Rosh Hashanah, when businesses were restricted to the public and the education system was closed, and includes the regulations in their current format as approved this morning until the end of Sukkot. Any extension of the closure after Sukkot The damage to the product. " Israel closed today (Friday) at 2:00 PM until Saturday, October 10. A series of restrictions will be imposed,...

The corona plague is far from over, and the death toll from it worldwide is already approaching one million. However, although the basic tools for curbing the plague are already known to all, governments continue to fail to address its basic treatment, says the weekly Economist, which cites Israel as an example of such failure, due to arrogance and internal struggles. An article in the weekly said that although the number of patients in Corona in the world is probably much higher than current estimates, there are reasons for optimism, whether due to the slowdown in mortality or due to the...

The Yom Kippur fast will be marked tonight (Sunday) in the shadow of the general closure imposed by the government in favor of preventing the spread of the corona virus. About 7,000 police officers will take part in the closure enforcement operation during Yom Kippur. Most enforcement in localities where a Jewish majority is expected to focus on city centers and local gatherings on intercity roads. At the same time, the police are expected to deploy roadblocks at entrances and exits from cities and towns. Apart from that, the essential services will be provided only in the cities of...

The number of tests performed on Yom Kippur was, as expected, very low, but the data when it came out are far from encouraging: on Monday evening, the number of corona patients with a severe condition rose to a record 772 patients, and the number of respirators peaked at 209 in total. 1,507 corona patients died from the outbreak, 562 of them (37% of all deaths) - in September alone. The rate of infections in corona tests has risen gradually in recent days and in the last two days has reached more than 14%. That means one in seven tests is positive. A Ynet survey shows that in four cities...

The Supervisor of Banks has approved an extension and further expansion of the comprehensive outline for deferring payments on bank loans. On May 7, 2020, the Supervisor formulated an outline, adopted by the banking system, that allows customers to defer loan payments in three operating segments: mortgages, consumer credit and business credit. The goal is to continue to assist customers in dealing with the cash flow difficulties following the consequences of the crisis, while managing risk wisely and responsibly, the Supervisor of Banks announced on 13.7.2020 the extension and expansion of...

The Research Division of the Bank of Israel examined the extent of the impact of the closure and the epidemic on the Israeli economy. What damage will be done to such a long-term locksmith economy? According to Prof. Michel Strawczynski, director of the research division at the Bank of Israel and a member of the Monetary Committee, the direct cost is about NIS 9 billion per week of closure. This means that the continuation of the closure in its current format for 90 days will cost the economy more than NIS 115 billion. The Bank of Israel's Research Division conducted a preliminary analysis...