Articles by May, 2022

NICE surpassed analysts forecasts for revenue and earnings in the first quarter of 2022
789 Views Details

by Ifi Reporter

Category: Hitech

NICE, which develops cloud-based software systems for managing customer service centers and preventing financial fraud and money laundering, surpassed analysts' forecasts for revenue and earnings in the first quarter of 2022. In addition, the company provides a higher-than-average analyst forecast for -2022, with the publication of the results for 2021. Shares of Nice (-2.58% 182.69) have fallen by 40% since the beginning of 2022, compared to a 28% drop in the Nasdaq index during this period

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May 12, 2022

Inflation rate in the last 12 months has now reached 4% - a negative record since 2011
125 Views Details

The consumer price index rose by 0.8% in April 2022, in line with earlier forecasts. The inflation rate in the last 12 months has now reached 4% - a record since 2011. Housing prices continued to rise in February-March as well, and in the past year completed a jump of 16.3%. The price index was mainly affected by seasonal increases. According to the Central Bureau of Statistics, notable price increases were recorded in fresh vegetable items, which rose by 5.5%; Clothing (2.8% increase); Transportation (2.3%), and Culture and Entertainment (1.5%). On the other hand, the media section...

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May 15, 2022

 strong winds hit the north of Israel: Damage to farmers is estimated at ten million shekels
109 Views Details

by Ifi Reporter

Category: Financial

On the night between Saturday and Sunday (May 14/15), very strong winds hit the north of the country, reaching speeds of over 100 km / h in many areas, including the Hula Valley, the mountain area, and the southern Golan Heights, and Beit She'an Valley. "The damage to farmers is estimated at ten million shekels

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May 15, 2022

First quarter of 2022: GDP contracted by 1.6% compared to the fourth quarter of 2021
118 Views Details

After the recovery from the corona crisis, which led to sharp growth in the Israeli economy, the data published indicate a contraction of 1.6% in GDP in the first quarter of 2022 compared to the fourth quarter of 2021, in annual terms (ie, the result would be . The decline is in contrast to some of the preliminary estimates, which predicted a 2% increase in GDP in the first quarter. The decline in GDP may affect a series of policy decisions that are due to be made soon. The closest decision is that of the Bank of Israel's Monetary Committee next Monday regarding the interest rate in the...

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May 16, 2022

Pricing committee recommended that the price of bread be permanently abolished - price will rise
165 Views Details

The inter-ministerial pricing committee, jointly with the Ministry of Economy and Industry and the Ministry of Finance, recommended that the price of bread be permanently abolished. The issue of the removal of bread control was raised by the committee a year ago, but a hearing procedure and a final recommendation were now required - which has now been accepted. However, the required approvals have not yet been received from Finance Minister Avigdor Lieberman and Economy Minister Orna Barbibai

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May 16, 2022

 a new dedicated center will be opened next week for the issuance of temporary passports
157 Views Details

by Ifi Reporter

Category: Government

Ahead of a discussion to be held Wednesday in the Knesset's Interior Committee on the lack of queues at the Population Authority last year, the PA announced that a new dedicated center will be opened next week that will add hundreds of queues a day for the issuance of temporary passports. The temporary passport center will operate in the center of the country (near the Ayalon Mall, in Bnei Brak) and will be a center for anyone who has not had time to renew a passport before their expected trip. The center will issue temporary passports for a period of two years, at the same cost as a...

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May 17, 2022

Transportation ministry will invest NIS 1 billion in public transportation routes in Netanya
175 Views Details

In the next five years, the Ministry of Transportation will invest about NIS 1 billion in the network of public transportation routes and bicycle paths in Netanya. This was announced by Minister of Transportation Merav Michaeli and Netanya Mayor Miriam Feierberg, after signing the agreement. The project will be completed only in 2027. In the coming year, the Ministry of Transportation and the municipality will complete the preparation, and only then will the actual work begin. The Ministry of Transportation was proud today that Netanya will be the first city in Israel to offer maximum...

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May 17, 2022

El Al presents: Sixth consecutive quarter of an increase in revenue - loss shrinked to $ 66 million
132 Views Details

by Ifi Reporter

Category: Financial

El Al closes a consecutive sixth quarter of an increase in revenue, with the termination of the position of outgoing CEO Avigal Soreq - the company reduced its loss in the first quarter of the year to $ 66 million, compared to a loss of $ 86 million in the first quarter of 2021. Tomorrow, Soreq will officially end his position at the company, and he will be replaced by the new CEO, Dina Ben-Tal Genesia. This is in the days when El Al is dealing with employee sanctions that have also led to the cancellation of several flights

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May 18, 2022

the cellular company Cellcom reported  the highest profit in the last 20 quarters: NIS 28 million
143 Views Details

by Ifi Reporter

Category: Financial

Cellcom reported the results of the first quarter of 2022, in which it continues the positive trend and shows the highest profit in the last 20 quarters - NIS 28 million, this is the first report under the new CEO Daniel Sapir. Available foreign cash amounted to NIS 52 million, with a growth of 31,000 mobile subscribers in the first quarter compared to the previous quarter, a growth of 6,000 Internet infrastructure subscribers in the first quarter compared to the previous quarter, and a growth of 2,000 TV subscribers in the first quarter compared to the previous quarter

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May 18, 2022

Shipping company Zim: revenue of $ 3.7 billion in the first quarter of 2020 - Beating forecasts
129 Views Details

by Ifi Reporter

Category: Financial

The Israeli shipping company Zim, which is controlled by the Canon of the Ofer era, is once again beating analysts' forecasts. The company reported today (Wednesday) revenue of $ 3.7 billion in the first quarter of 2020, and earnings of $ 14.19 per fully diluted share ($ 1.71 billion in total). This is the fourth consecutive quarter in which Zim breaks a record of quarterly profit for an Israeli company. The market expected it to bring in $ 3.47 billion and earnings per full diluted stock would stand at $ 12.53. In accordance with the Company's policy, a dividend of 20% of quarterly...

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May 18, 2022

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