Articles by July, 2022

Elbit Systems reports another huge deal, in which it will provide the European country with intelligence systems for $ 660 million. The contract will be performed over a period of four years and includes a maintenance period of an additional ten years. Most of the revenue will be recognized over the four years of delivery of the orders, and some will be recognized throughout the maintenance period

Petah Tikva Mayor Rami Greenberg is the head of the local authority that was questioned on Monday by the National Fraud Investigation Unit (JHA) in Lahav 433 on suspicion of a case involving offenses of fraud and breach of trust, extortion, abuse of power, bribery and conspiracy to commit a crime. Allowed for publication this morning. Along with Greenberg, who previously served as a police detective, three of his associates were questioned

The total number of mortgages taken out in June 2022 was 11.88. In 2021, the total volume of mortgages crossed the 100 billion mark for the first time and stood at NIS 116.09 billion, with a monthly average of NIS 9.674 billion. This is compared to a total of NIS 78,108 billion in 2020 (a jump of almost 50%). The total mortgages granted so far in 2022 stand at about NIS 60 billion. In 2021, the total volume of mortgages crossed the 100 billion mark for the first time and stood at NIS 116.09 billion, with a monthly average of NIS 9.674 billion. This is compared to a total of NIS 78,108...

The consumer price index rose in June, according to forecasts, by 0.4%. The rise in the index in June accelerates the rate of inflation in Israel and it now reached 4.4% - a record since March 2011. The most significant price increases were recorded in transportation items, which increased by 2.4%, housing, which increased by 0.7%, culture and entertainment, which increased by 0.7%, and health, which increased by 0.6%. On the other hand, due to seasonality, there were significant price decreases in the vegetable and fruit sections, which decreased by 8.5% and clothing and footwear, which...

The Innovation Authority announced the group of companies selected to establish the Israeli Quantum Computing Center with a budget of NIS 100 million for three years. The group will be led by the Israeli start-up company Quantum Mashins, and the Israeli start-up Classic will also participate. The quantum processors will be provided by three foreign companies: Quantware, ORCA Computing, and cold quanta

The Ministry of Health website was attacked Sunday evening by the pro-Iranian Iraqi hacker group AlTahrea. The hackers published the attack on their telegram channel and included ridicule in their message as defiance of Israel. This is the same group that was responsible for shutting down the sites of the Jerusalem and Tel Aviv municipalities in the past two weeks and also tried to attack the Rafael company website and probably other sites of small tourism and retail companies

The IAI Board of Directors (IAI) approved a huge dividend of NIS 655 million for the country - the highest in the company's history. It should be noted that the dividend is distributed from the balance of the company's dividend payable, which stands at $ 398 million - approximately NIS 1.4 billion. In 2019, IAI distributed a dividend of NIS 140 million, and since then it has improved its results.

The emergency discussion on the issue of raising the price of bread ended without decisions. At the beginning of the debate, which took place on Sunday at the initiative of Prime Minister Yair Lapid, he announced that the purpose of the debate is "a complete halt to the rise in the price of uniform bread." During the discussion, a number of economic and legislative proposals were raised on how to reach agreements. Prime Minister Lapid ordered the head of the budget department in the Ministry of Finance to return within three days for another discussion, with the formulation of the best way...

The unemployment rate in Israel is still very low, but at the same time, the volume of layoffs in high-tech is beginning to affect the numbers of high-tech workers looking for work. According to data released today (Monday) by the Central Bureau of Statistics (CBS), there has been a slight decline in the unemployment rate in the past month, from 3.5% in May to 3.4% in June, which is 146.5 thousand unemployed - a very low figure in Israel. In May there were 150.6 thousand unemployed, which is 3.5% by international definition. At the same time, the employment service today released new data...

From next Sunday, and for a week, train traffic between Haifa and Tel Aviv will be stopped. The Ministry of Transportation, which announced this, stated that the reason is the promotion of the 'Eastern Railway' project, and the date is set in advance for the summer months, when there is a natural decrease in the number of journeys. Following this, from Sunday, July 24 until Saturday evening, July 30, train traffic between Netanya stations (south) and Binyamina (north) will be stopped and train service between Haifa and Tel Aviv will not be possible. By train announced a month ago the...