Articles by November, 2022

Veev, which develops innovative construction methods  is laying off 25% of it's employees
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by Ifi Reporter

Category: Real Estate

Veev, which develops innovative construction methods, is laying off more than 100 employees from its 400-strong workforce. At the development center in Israel, which employs 100 people, about 20 people will be laid off. Veev, founded by Ami Abrahami and Amit Heller, has developed capabilities for building modular homes. Veev's working method involves manufacturing complete and closed walls in the factory, so they pre-include systems such as plumbing and electricity. Assembling a house in the field takes about two weeks. The company stated in the past that they have all the necessary...

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Nov 12, 2022

Israel Bank: The volume of mortgages taken out by home buyers in October dropped by 21%
484 Views Details

by Ifi Reporter

Category: Real Estate

The volume of mortgages taken out by home buyers in October dropped by 21% compared to September - according to data published today (Sunday) by the Bank of Israel. The banks marketed mortgages amounting to only NIS 6.089 billion, compared to NIS 7.7 billion in September. Compared to October 2021, this is a decrease of 43%

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Nov 13, 2022

Palo Alto Networks acquires Cider Security for $300 million in a cash and stocks
1043 Views Details

by Ifi Reporter

Category: Hitech

Palo Alto Networks acquires Cider Security for $300 million in a cash and stock deal. The transaction amount also includes a retention package for employees that will ensure that they remain with the company after the acquisition. According to sources involved in the transaction, it will be carried out in a combination of shares and cash, with the cash component amounting to $200 million, and $100 million in shares. This is Palo Alto's eighth acquisition in Israel, and the most prominent of them is the acquisition of the Israeli startup Demisto - in a huge deal of 560 million dollars in...

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Nov 17, 2022

profit of the aerospace industry in the nine months of 2022 jumped by 54% to 202 million dollars
353 Views Details

by Ifi Reporter

Category: Financial

The net profit of the aerospace industry in the nine months of 2022 jumped by 54% compared to the corresponding period last year and was about 202 million dollars. In this way, this is the most profitable period in the history of the company, which published its financial statements this morning (Thursday). Referring to the third quarter alone, the company's net profit jumped by about 135% compared to the corresponding quarter last year and amounted to about 73 million dollars

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Nov 17, 2022

Record results for Camtech: earned $21 million in the 3rd quarter - an increase of 12%
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by Ifi Reporter

Category: Hitech

Camtech, which develops and manufactures test and measurement equipment for chip manufacturers, also presented record results in the third quarter of 2022 - in which it met the revenue forecast and exceeded the earnings per share forecast. In the third quarter of 2022, Camtech earned $21 million, which is 43 cents per share based on US GAAP, an increase of 12% compared to the corresponding quarter in 2021. Camtech's revenue, which is managed by Rafi Amit, grew by 16% compared to the corresponding quarter in 2021 - lower than the growth rate of 18% in the second quarter of the year - and...

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Nov 17, 2022

Israel is a start-up nation in smart cities but in many of them innovation is not implemented
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by Ifi Reporter

Category: Hitech

"Israel is a start-up nation also in the field of smart cities, with many technologies being developed there, but in many cities in the country, especially in the periphery, this innovation is not implemented - and they are left behind. There is a big gap between innovation in general, and Israeli innovation in particular, in the field of smart cities and Its implementation in Israel," said Haim Bibbs, chairman of the Local Government Center. Biebs said the words at a reception held by the Israeli delegation to the international conference and exhibition of the smart cities at the Fira de...

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Nov 18, 2022

Demand for software developers has been cut by 37% within 6 months
403 Views Details

by Ifi Reporter

Category: Hitech

The demand for software developers has been cut by 37% within six months, according to the vacancy survey published by the Central Bureau of Statistics (CBS). The survey shows a continued downward trend in the overall scope of demand for workers in Israel, possibly due to preparations for an economic slowdown. The number of vacancies in Israel in October 2022 reached 147 thousand jobs - a decrease compared to 151 thousand vacancies in September. The rate of vacancies out of all jobs in the economy reached 4.7% in October, compared to 4.8% in September - and after a record of 5% in February...

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Nov 19, 2022

 Assuta's innovation arm launched a program that equips startup companies join the health market
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by Ifi Reporter

Category: Financial

RISE, Assuta's innovation arm launched with US in collaboration with University City Science Center from Philadelphia - a program that equips startup companies to successfully break into the global health market. 101 companies applied to participate in the program, all with an emphasis on digital health solutions, computational technology, artificial intelligence and big data, from which the six most promising companies that qualified for the program were selected. Thanks to the partnership with the University City Science Center, which has accumulated 50 years of experience in introducing...

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Nov 19, 2022

Weizmann Institute of Science is working vigorously to open a new medical school in Israel
1081 Views Details

by Ifi Reporter

Category: Health

The race to increase the number of medical students in Israel is heating up: the Weizmann Institute of Science is working vigorously to open a new medical school in a unique "boutique" program of physician-researchers (MD-PhD). This is in collaboration with Sheba Medical Center (Tel Hashomer). In the first phase, the program will include only about 40 male and female students per year, and it will be a six-year program intended for graduates of bachelor's degrees or advanced degrees. The research activity will be carried out by the students at the Weizmann Institute, and the clinical...

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Nov 20, 2022

 World Cup kicks off despite controversies: Thousands of Israelis will use direct flights to Doha
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by Ifi Reporter

Category: Financial

Today in the early evening the controversial World Cup will kick off despite everything, in the opening match between Ecuador and the host Qatar, at Al-Bayt Stadium in the city of Al-Khor. The decision to host the 2022 World Cup already in 2010, along with that of 2018, created a cauldron of intrigue and deals behind the scenes. A huge amount of fans from around the world are expected to come to the tournament, but Qatar does not have enough hotel rooms, which has increased the price of the existing ones. The organizers thought of several possible solutions: three luxury ships were built...

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Nov 20, 2022

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