Articles by August, 2021

Bank of Israel decided  not to allow a loan to be used as equity to purchase an apartment in Israel
539 Views Details

by Ifi Reporter

Category: Real Estate

Due to the peak data in the mortgage market, the Bank of Israel announced today that it has finally decided not to allow a loan to be used as equity to purchase an apartment. At the same time, it will be possible to take such a loan as a bridging loan for housing developers, until the end of the process of selling their existing property. That is, this prohibition will be particularly relevant to investors who are in fact leveraging an existing asset to purchase an additional asset. It should be noted that the activity of investors in the real estate market has increased in recent months,...

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Aug 9, 2021

El Al might send 800 employees to unpaid leave due to the sharp decline in the company's operations
711 Views Details

by Ifi Reporter

Category: Financial

Four destinations remain on the list of European countries to which travel is permitted, and do not require returnees from them in a week's isolation. This decision, and the refusal of the Ministry of Health to adopt the airlines' proposals for an abbreviated isolation outline, bring Israeli airlines closer to a situation in which they will be forced to open a new and extensive round of layoffs. Israeli airlines are sharply criticizing government ministries, which have adopted stricter policies on the movement of Israeli passengers. This is in stark contrast to other countries, which...

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Aug 10, 2021

Tax Authority postponed until October the deadline for repaying back aid grants illegally received
506 Views Details

The tax authority has not yet begun taking enforcement action to return aid grants to businesses that illegally received the money during the Corona crisis. Following pressure from the self-employed, the tax authority postponed for two months, until October 2021, the deadline for repaying the debt, through an arrangement for the distribution of interest-free payments. As part of the corona grants, billions of shekels were paid to businesses based on their statement. In retrospect, it became clear that these were not eligible for the grants because the extent of the damage to the business...

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Aug 10, 2021

 Corona Cabinet extended green label restrictions to all sectors except malls and commerce
340 Views Details

by Ifi Reporter

Category: Health

The Corona Cabinet approved the recommendations to extend the green label restrictions to all sectors of the economy, except malls and commerce. This, starting Wednesday next week. Among other things, the cabinet ruled that tests for children up to the age of 12 would be funded by the state, and that the number of participants in closed and open events was also limited. It was further stipulated that the restriction of guests at events and celebrations would be examined. The decision, which will be required for a vote in the government, includes applying the green label outline to all...

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Aug 11, 2021

American giant Cisco acquired the Israeli start-up Epsagon for $ 400 million
312 Views Details

by Ifi Reporter

Category: Start Up

Cisco's second acquisition in Israel in three months: The American company acquired the Israeli start-up Epsagon for $ 400 million. Epsagon was established four years ago and is developing a platform for identifying and fixing faults in cloud applications. Epsagon was founded by Nitzan Shapira and Ren Rabensaft, and raised $ 30 million over the years. Prominent investors in the company include Lightspeed, Stagevan, Deutsche Telekom Partners and USVP, as well as the founders of Armis Nadir Jezreel and Yevgeny Dibrov

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Aug 13, 2021

P.M Bennett: the government will do everything in its power to prevent closure in high holidays
460 Views Details

by Ifi Reporter

Category: Health

Prime Minister Naftali Bennett outlined his doctrine regarding the nature of the government's treatment of the Corona crisis, in the shadow of the morbidity data published by the Ministry of Health, according to which 9,257 verified people were diagnosed in Corona in the past day, almost 500 in critical condition. He noted that despite the increase in morbidity, the government headed by him would do everything in its power to prevent closure, and even called on the public to continue to be vaccinated. "More difficult days are expected, but I am sure that if we act in accordance with the...

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Aug 14, 2021

Three Israeli universities were ranked among the top 100 universities in the world in 2021
352 Views Details

by Ifi Reporter

Category: Hitech

Three Israeli universities were ranked among the top 100 universities in the world in 2021, in the Shanghai index, which is considered one of the main indices for university rankings. This is the first time since 2013 that three Israeli universities have managed to make the list. This is despite the government's attempts to harm their public status. The Hebrew University was ranked 90th in the ranking and as the leading university in Israel, after failing to make the list of the top hundred in the previous year. According to the ranking, the Hebrew University is ranked 25th in the world in...

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Aug 15, 2021

Start of the school year: Distance learning in red cities -  7,177  were diagnosed with Corona
574 Views Details

by Ifi Reporter

Category: Government

The Ministries of Education and Health decided tonight (Monday) to update the outline for the start of the school year in light of the increase in morbidity. Under the new outline, some eighth-twelfth-grade students will begin the school year by distance learning. The decision was made after a heated debate between Prime Minister Naftali Bennett; Minister of Education, Dr. Yifat Shasha-Bitton; And the Minister of Health, Nitzan Horowitz. According to the new outline, eighth-twelfth graders in red cities will not come to school and will move to distance learning if less than 70% of the...

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Aug 16, 2021

More than 5,000 acres of wood have been burned in Jerusalem mountains
349 Views Details

by Ifi Reporter

Category: Health

Nearly 100 fires have been burning for more than a day - and National Fire Commissioner Dedi Simchi said that the fire in the Jerusalem mountains is similar in size to the giant fire in Carmel in 2010. "more than 5,000 acres of woods were burned, and a few isolated houses caught fire without any injuries," Simchi updated tonight (Sunday), saying that the fact that there were no casualties is a great achievement. A cigarette box was found in the scene where the fire started, near Moshav Beit Meir, but it is not certain that its owners caused the fire. "I have been saying this for several years

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Aug 16, 2021

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