Articles by April, 2022

 Subsidiary of Delek acquires Sugar Point that owns oil assets in the North Sea for $ 1.1 billion
173 Views Details

by Ifi Reporter

Category: Financial

Ithaca, a subsidiary of Delek, acquires Sugar Point, a company that owns oil and gas assets in the North Sea - for $ 1.1 billion. Sikar Point holds 11 licenses, including two large producer reservoirs in the North Sea, as well as two undeveloped UK fields. The deal is expected to increase Ithaca's daily production capacity by 9,500-8,000 barrels, and put Ithaca's daily production at the range of 85,000-75,000 barrels per day. Siker Point holds 11 licenses, including two of the largest producer reservoirs in the North Sea, alongside the two fields that have not yet been developed and Kambo...

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Apr 7, 2022

Terrorist attack in Tel Aviv: Barak Lufen father of 3 daughters died of his wounds at the age 35
202 Views Details

by Ifi Reporter

Category: Law

Two people were killed on Thursday evening and another 14 were injured in a shooting attack at a bar on Dizengoff Street in Tel Aviv. The condition of six of the wounded is severely defined. The defense establishment estimates that the attack was carried out by one terrorist. He fled the scene and large forces are searching for him with the help of helicopters. The attack took place in an entertainment area where there are many bars, restaurants, cafes and shops crowded with crowds hanging out on Thursday evenings. Hundreds of policemen, fighters and special forces personnel pass through...

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Apr 8, 2022

Israeli astronaut Eitan Steva was sent into space from Cape Canaveral - paid $55 million
430 Views Details

by Ifi Reporter

Category: Hitech

After quite a few rejections, the Israeli astronaut Eitan Steva was sent into space tonight (Friday) together with three other astronauts from the space base at Cape Canaveral in Florida. Tomorrow, the four are expected to arrive at the International Space Station on a 200-hour mission. A few minutes before the launch, Steve said in Hebrew: "A few days before we celebrate Independence Day, we take off. Good luck AX-1, good luck 'Sky'." A SpaceX broadcast said that the first stages of the launch were successfully completed, including the separation of the first stage launcher from its...

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Apr 8, 2022

Moody's raised Israel's rating outlook from "stable" to "positive" - Credit rating may rise soon
394 Views Details

The credit rating company Moody's raised Israel's rating outlook from "stable" to "positive" between Friday and Saturday. This is due to "the strong budgetary performance and the strength of the Israeli economy with the exit from the Corona crisis," according to the company. The increase in the forecast means that Israel's credit rating may rise from the current level of A1, in the range of up to the next two years. In July 2018, Israel's rating forecast rose to "positive", but in April 2020 it was updated to "stable", following the corona crisis

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Apr 9, 2022

Budget deficit in relation to GDP was only 1.4% - In March the budget surplus was NIS 700 million
174 Views Details

The deficit figures published by the Accountant General of the Ministry of Finance, Yahli Rotenberg, reveal that the budget deficit in relation to GDP in Israel is only 1.4% - the lowest since 2008, when Prime Minister Ehud Olmert was still and Finance Minister Roni Brown was. In March, a total budget surplus of NIS 700 million was measured, making March the third month in a row that a budget surplus was measured - a situation that has not been remembered for years. The total budget surplus in the budget already reaches NIS 23.4 billion in the first quarter of the year. The huge decline in...

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Apr 10, 2022

 Memorandum signed: Clal Holdings will purchase MAX credit card company for NIS 2.47 billion
235 Views Details

by Ifi Reporter

Category: Financial

Clal Holdings announced to the stock exchange on Sunday evening the purchase of the MAX credit card company from the controlling owner, the Warburg Pincus Fund, for NIS 2.47 billion. The parties have already signed the memorandum of understanding in preparation for due diligence, and in the end they are expected to sign the agreement. To the extent that the transaction is completed, Warburg Pincus will exit Max three years after acquiring control of it at a value of NIS 2.5 billion from Bank Leumi as part of the adoption of the recommendations of the Strum Committee, which stipulated that...

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Apr 10, 2022

 Bank of Israel increased the basic interest rate by 0.25% to 0.35% for the first time in 3.5 years
157 Views Details

by Ifi Reporter

Category: Financial

The Bank of Israel, headed by the Governor, Prof. Amir Yaron, announced today (Monday) an increase in the basic interest rate in the economy from 0.1% to 0.35%. In doing so, the predictions were confirmed that the Monetary Committee is expected to raise interest rates for the first time in three and a half years. Some experts even thought that the bank might raise the interest rate to 0.5% at once, but this forecast did not materialize. Following the increase in the basic interest rate, the prime interest rate will also rise this coming Thursday, after the banks are preparing for a change,...

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Apr 11, 2022

 Bank of Israel increased the basic interest rate by 0.25% to 0.35% for the first time in 3.5 years
162 Views Details

by Ifi Reporter

Category: Financial

The Bank of Israel, headed by the Governor, Prof. Amir Yaron, announced today (Monday) an increase in the basic interest rate in the economy from 0.1% to 0.35%. In doing so, the predictions were confirmed that the Monetary Committee is expected to raise interest rates for the first time in three and a half years. Some experts even thought that the bank might raise the interest rate to 0.5% at once, but this forecast did not materialize. Following the increase in the basic interest rate, the prime interest rate will also rise this coming Thursday, after the banks are preparing for a change,...

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Apr 11, 2022

Volume of mortgages taken in March: NIS 13.42 billion - NIS 1 billion more than previous record
147 Views Details

by Ifi Reporter

Category: Real Estate

The record for taking out mortgages by the public of apartment and house buyers in Israel was broken, just before the interest rate was raised: The volume of new mortgages taken by the public in March amounted to NIS 13.42 billion, about NIS 1 billion more than the previous record in December last year. This was reported by the Bank of Israel. This is an increase of 19.7% compared to the previous month and an increase of 55.7% compared to the corresponding period last year. In total, housing loans totaling 34.6 billion were taken out in the first quarter of the year, and 137 billion in the...

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Apr 12, 2022

Israel is at the top of the world  in the value of the average financial assets of households
111 Views Details

The average credit to a household in Israel in 2020, the first corona year, amounted to NIS 246.6 thousand, most of which was bank credit. This is an increase of only 2.3% compared to 2019, when the average credit amounted to NIS 240.7 thousand. At the same time, this is a much sharper increase of about 17% compared to 2016, when the average household credit amounted to NIS 219.1 thousand.

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Apr 13, 2022

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