Articles by April, 2022

 Israel and the United Arab Emirates completed negotiations for a free trade area agreement
111 Views Details

by Ifi Reporter

Category: Government

Historical agreement: Israel and the United Arab Emirates complete negotiations for a free trade area agreement between the two countries The agreement, which is comprehensive and significant, includes, among other things, issues related to trade in goods, including regulation and regulation, customs, trade in services, cooperation, government procurement, e-commerce and protection of intellectual property rights. The issue was discussed at a meeting between Prime Minister Naftali Bennett and heir apparent Sheikh Muhammad bin Zayed in Abu Dhabi last December, where it was agreed to speed...

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Apr 1, 2022

Intel will acquire Israeli Startup Granulate which improves performance of cloud servers
136 Views Details

by Ifi Reporter

Category: Financial

Intel reported that it has agreed to acquire the Israeli company Granulate, which has developed a product to improve the performance of cloud servers in real time. The deal was revealed last week. The terms of the deal were not announced in the companies' announcement, but sources close to the deal estimate that Intel will pay about $ 650 million for the Israeli start-up company. Nearly $ 100 million of that amount will be channeled into about 120 company employees' compensation and retention packages, all of which will be integrated into Intel's data center and artificial intelligence...

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Apr 1, 2022

405,000 new cars were added to Israeli roads in 2021 and traffic jams are getting longer
107 Views Details

by Ifi Reporter

Category: Financial

The number of cars is increasing, and traffic jams are getting longer. According to data published today (Sunday) by the Central Bureau of Statistics, in 2021 about 405,000 new cars were added to Israeli roads, compared to about 254,000 deducted from it - a net increase of 150,000 cars (4.4%). This increase brings the number of private vehicles to about 3.3 million, out of about 3.8 million vehicles in total

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Apr 3, 2022

reform that will significantly reduce public transportation prices and take effect this summer
168 Views Details

Transport Minister Merav Michaeli and Finance Minister Avigdor Lieberman announced at noon (Sunday) a reform that will significantly reduce public transportation prices and take effect this summer. At a press conference, Michaeli accused that "the Ministry of Transportation has neglected public transportation for years - and traffic jams have accumulated." After the reform, a national free-monthly ticket will cost only NIS 225. In the Negev, the Galilee and all localities outside the metropolitan areas of Jerusalem, Gush Dan and Haifa, there will be a free regional ticket for only NIS 99,...

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Apr 3, 2022

A dramatic drop of more than 1% was recorded in unemployment in the first half of March
83 Views Details

by Ifi Reporter

Category: Financial

A dramatic drop of more than one percent was recorded in unemployment in the first half of March, exactly two years after the corona crisis. This emerges from data from the Central Bureau of Statistics Labor Force Survey for the first half of March, which are published on Monday. This decline comes after a shuffle in unemployment in the first two months of the year. The data appear to be evidence of the great success of the policy of non-closure of the economy and the education system at all costs of the government

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Apr 4, 2022

The average wage in the economy per Israeli worker was NIS 11,784 per month
98 Views Details

by Ifi Reporter

Category: Financial

The average wage in the economy per Israeli worker was NIS 11,784 per month in January 2022, a decrease compared to the previous month when the average wage was NIS 12,142. This is according to data published by the Central Bureau of Statistics (CBS). In the high-tech industry, the average wage continues to be much higher than in the entire economy and even rose close to NIS 1,000 compared with December 2021 to NIS 27,310 (December 26,494). The salaries of the programmers in the field reached NIS 29,558 and of the workers in the field of scientific research and development NIS 29,481

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Apr 4, 2022

Attempts to take over Shufersal continue: Delek Israel submitted a proposal for a merger
194 Views Details

by Ifi Reporter

Category: Financial

Attempts to take over Shufersal continue: Delek Israel submitted a proposal for a merger with Shufersal to the chain's board of directors. Delek Israel operates 243 gas stations and 190 Mint convenience stores. The offer includes the replacement of 12% of Shufersal's shares, in addition to the allotment of shares that will increase Delek's holding to 20%, and in return, Delek Israel will become a subsidiary of Shufersal, which currently operates without a controlling interest. It should be noted that the company did not report the transaction to the stock exchange until tonight, although...

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Apr 5, 2022

Minister of finance Avigdor Lieberman: The tax on fuel will be reduced by half a shekel
115 Views Details

by Ifi Reporter

Category: Government

The tax on fuel known as "blo" will be reduced by half a shekel, Finance Minister Avigdor Lieberman announced today (Tuesday), despite the opposition of professional ranks. The reduction will be made for the next quarter only, after which a reassessment will be made as to whether to continue the extension. The reduction will be implemented immediately and is subject to the approval of the Finance Committee

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Apr 5, 2022

Coalition Chairman Idit Silman has decided to leave the coalition: P.M Bennet on his way out?
153 Views Details

by Ifi Reporter

Category: Politics

Coalition Chairman Idit Silman has decided to resign from the coalition. The cracks were heard in the coalition for a long time. The dispute between Silman and Nitzan Horowitz over the chametz conference for hospitals. After the bomb was dropped on Wednesday by the leader of the retiring coalition, Idit Silman, the political system has three options. The first is to go to the polls - a move that is estimated to be preferred by opposition leader Benjamin Netanyahu and the Likud. Elections will be possible if Silman is followed by another retiree from the right, who will allow her and...

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Apr 6, 2022

Israeli cyber company Tufin will be sold to Turn/River Capital  at a value of $ 570 million
142 Views Details

by Ifi Reporter

Category: Hitech

The Israeli cyber company Tufin has announced that it will be sold to Turn / River Capital - an investment company that focuses on investments in software companies - at a value of $ 570 million, which is about 60% higher than the company's current value. Shares of Tuffin soared 40% in early trading on Wall Street, to $ 12.8. Tufin shareholders will receive $ 13 in cash per share, a 44% premium to the company’s share price last night at the close of trading on Wall Street. According to the agreement, in the coming month, until May 5, there will be a period of "go-shop" - that is, Tufin...

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Apr 7, 2022

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