Articles by November, 2021

Mizrahi Tefahot Bank today presents record results against the background of the continued economic recovery in the economy. The business results presented by Mizrahi-Tefahot in the first nine months of the year reflect the continued growth in the Bank's current operations, along with the positive contribution that the transaction yields to the acquisition of Union Bank. This, against the background of positive macro data and the decline of the fourth wave of the corona. In the first nine months of 2021, the Bank recorded record profits of NIS 2.5 billion, compared with a net profit of NIS...

The number of employed persons in the economy first exceeded that recorded before the corona crisis, reaching 4.01 million. However, the employment rate stands at 59.2% - significantly lower than it was before Corona; This is probably due to the fact that the crisis of unemployment from choice in the economy continues. In addition, the number of job vacancies has broken this record for the seventh month in a row since the beginning of the survey, rising from 138,000 to 143,000. At the same time, the unemployment rate rose slightly, from 7.1% in the first half of October to 7.3% in the...

Gross domestic product (GDP), at constant prices and after deducting the seasonal effect, increased in the third quarter by 2.4% on an annualized basis compared with the second quarter (0.6% on a quarterly basis). Compared with the third quarter of 2020, it increased by 5.9%, according to the Central Bureau. According to statistics, the gross domestic product per capita increased by 0.5% on an annual basis. The Central Bureau of Statistics explains that the relatively moderate increase was also due to a decrease in passenger car imports compared to the second quarter (partly due to the...

Good news for the Israeli economy, which is expected to benefit from obtaining loans with low interest rates to cover the deficit in the state coffers. The large and well-regarded international credit rating company S&P (Standard & Four) published a semi-annual report on the Israeli economy tonight (Monday to Tuesday) in which it praises the transfer of the budget in Israel after a long period without a state budget and the strength of the economy. In a comprehensive report, the rating company notes the main characteristics of the credit rating, including a diversified and robust economy,...

Nova, which develops measurement solutions for chipmakers, is expanding into another field and increasing its potential market. Nova, under the management of Eitan Oppenheim, has signed a binding agreement to acquire the German company Ancosys for $ 100 million in cash, including a payment of $ 10 million contingent on the performance of the acquired company. Nova estimates that the transaction will be completed in the first quarter of 2022 and it is expected to increase its profit on a non GAAP basis within 12 months of its completion. Ankosis is a private company headquartered in...

Rav Bariach, controlled by Shmuel Donnerstein (60%), announced today (Wednesday) that it is joining the solar trend. Rav Briach Energy, a subsidiary of Rav Briach, will, together with Golan Solar, establish a company for the marketing and sale of components of solar systems - which will probably be called "Golan Latch". The initial investment is about NIS 15 million. Golan Solar is a consulting company in the solar field, which is owned by the entrepreneurs Boaz Presler, Eyal Bahrav and Uri Lieberman, and is involved in solar projects worth NIS 300 million. Rav Barih will hold about 66% of...

The police arrested Moshe Hogg, the owner of the Singularity Foundation and the Betar Jerusalem Group, this morning (Thursday). He is suspected of fraud in the amount of hundreds of millions of shekels as well as sexual and moral offenses. The covert investigation lasted several months - and even a year. Along with him, seven other suspects, partners or senior employees of Hogg's Singularity Group, who in recent years have raised hundreds of millions of dollars from investors in Israel and around the world, were arrested for various projects in which digital coins (cryptocurrencies) were...

The General Security Service will re-examine the security interrogation processes of workers in the vicinity of secure persons. This follows the filing of the indictment today (Thursday) against a cleaning worker at the home of Defense Minister Bnei Gantz for espionage. According to a GSS statement, the worker - an Israeli citizen named Omri Goren Gurochovsky, 37, from Lod with a criminal record - "turned on his own initiative, via a social network, to an entity affiliated with Iran and offered to assist him in various ways, given his access to the minister's house." The General Security...

Exactly 11 months after former Prime Minister Benjamin Netanyahu was the first Israeli to be vaccinated against Corona, his successor, Prime Minister Naftali Bennett, announced that the children's vaccines will be launched next Tuesday and that 5 to 11 year olds will be able to defend themselves against Corona with Pfizer's vaccine dose. In his weekly post, Bennett wrote about children's vaccines: "I know there is a certain sensitivity around this matter. There are a lot of people who are afraid to vaccinate children, and they are not necessarily 'vaccine opponents' or those who buy...

Israel and Jordan signed an agreement on Monday under which Israel will purchase solar electricity from Jordan and Israel will supply it with desalinated water. Nevertheless, question marks may make it difficult to implement the move - despite Jordan's urgent need for water and Israel's desire to increase its use of solar electricity to meet its electricity generation targets from renewable sources. According to a joint statement to Israel, Jordan, the United States and the United Arab Emirates, where the signing ceremony was held, the Minister of Energy, Karin Elharar, the Minister of...