Articles by November, 2021

A recovery in demand for executive jets, maintenance services, and aircraft conversion led to a further increase in IAI's revenues and operating profit in the third quarter of 2021. IAI, which is managed by Boaz Levy, earned $ 28 million in the third quarter of 2021, a decrease of 3% compared to the same quarter in 2020. IAI's revenues grew by 3.5% in the last quarter compared to the same quarter in 2020 and amounted to $ 1.04 billion. The increase in the Company's revenues was due, among other things, to an increase in the revenues of the Military Aircraft Division, which develops and...

The improvement trend in El Al's results was halted in the third quarter of the year following the outbreak of the Delta strain in July and the rise in the price of jet fuel. El Al lost $ 136 million in the third quarter of 2021 compared to a loss of $ 147 million in the corresponding quarter in 2020, which was the low point in the company's operations. The loss in the last quarter was affected by a $ 43 million provision made by EL AL for the impairment of two Boeing 777 aircraft that are about to go out of service and be sold. El Al's revenues increased by 546% in the third quarter of...

"Omicron" - This is the name of the new African strain of corona that threatens the world, according to the World Health Organization. Omicron is the 15th letter in the Greek alphabet. According to the organization in its announcement today (Friday), there is evidence that this strain causes increased infection and is considered a "cause for concern". This is the fifth variant of the virus that has been defined as such since the outbreak of the plague

The law to increase the purchase tax on apartments went into effect on Sunday. Under the new law, purchase tax brackets on investors will be changed from three to two. The tax rate will increase from 5% to 8%. The tax for apartment buyers worth up to NIS 5.348 million will be 8%, instead of 5% -7% to date. Buyers of a higher value investment apartment will pay 10%, as has been the case so far. The Ministry of Finance now hopes that raising the tax will curb the purchases of real estate investors. The tax increase was approved in the Knesset without significant changes from the bill...

The Knesset's Constitution Committee is expected to approve the regulations approved by the Corona Cabinet last night. The Corona Cabinet approved the outline proposed by the Prime Minister's Office together with the Ministry of Health, according to which on the night between Sunday and Monday the new restrictions will take effect for two weeks to deal with the entry of the new Omicron variant. After the team of experts presented to the ministers his position, which emphasizes the importance of the vaccine more than ever, the ministers voted to close Israel to foreigners for two weeks....

"The Bank of Israel has decided to accelerate its study, research and preparation for the possible issuance of a future digital currency, while providing a proper response to the various risks," said Governor Prof. Amir Yaron at a conference held by the Supervisor of Banks. However, he noted that "like many other central banks, the Bank of Israel has not yet decided whether it intends to issue digital currency, and we are still examining the issue. We are committed to being at the forefront of economic and technological knowledge on this issue." The governor said, "It is important to note...

Coinbase acquires the Israeli cyber company Unbound Security, and establishes a development center in Israel based on the company and its employees. Purchase amount not reported. Coinbase, founded in 2012, is the largest crypto exchange in the U.S. It has been traded on the Nasdaq since April, and its market capitalization is $ 67.8 billion. Coinbase shares are currently trading at 6% less than on the day of issue. According to the Coinbase website, the company has more than 70 million verified users, living in more than 100 countries. Anbound was established in 2014 under the name Didiq...