Articles by August, 2022

The recovery in tourism continues: about 250 thousand tourists entered Israel in July
75 Views Details

The hot summer heat and the high prices did not harm the recovery in the arrival of tourists to Israel. The number of tourists who arrived in the country in July is 23% lower than the number of tourists who entered in July 2019. According to the data of the Central Bureau of Statistics (CBS), in July 2022 there were 249.5 thousand tourist arrivals compared to 49.2 thousand in July 2021 and 322.8 thousand in July 2019. This is a decrease of only 22.7% compared to 2019 which was the peak year in tourism and brought about 4.5 million tourists to Israel. Fo for comparison, last June 250...

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Aug 8, 2022

Bezeq net profit increased by 3% in 2nd Q and amounted to NIS 310 million - revenues to 2.23 billion
1035 Views Details

by Ifi Reporter

Category: Financial

Bezeq Group closes the second quarter of 2022 with an adjusted net profit of NIS 310 million, a moderate increase of 3% compared to the corresponding quarter in 2021. Revenues were NIS 2.23 billion, a slight increase of 1.1%. Operating profit decreased by 1.3% to NIS 463 million and EBITDA also decreased by 1.4% to NIS 921 million. The company's free flow increased significantly to NIS 359 million, compared to NIS 85 million in the corresponding quarter. Bezeq reduced the debt in the company by about one billion shekels and now it stands at 5.63 billion

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Aug 10, 2022

Cellcom recorded revenues of NIS 1.069 billion in the second Q and a net profit of 39 million
181 Views Details

by Ifi Reporter

Category: Financial

The cellular company Cellcom, which operates a cell phone network, Internet and telephone services, and controls Golan Telecom, published its financial reports for the second quarter according to which the company recorded revenues of NIS 1.069 billion compared to NIS 1.003 billion in the corresponding quarter last year - an increase of 6.5%. The company's net profit in the second quarter amounts to about NIS 39 million compared to a loss of NIS 14 million in the second quarter last year. The company's operating profit in the current quarter amounted to approximately NIS 95 million...

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Aug 10, 2022

Wix fired 230 employees in Q2  and saved $150 million - 100 more in the 3rd quarter
237 Views Details

by Ifi Reporter

Category: Hitech

A day after it was revealed that it would lay off about 100 of its employees (about 2% of the workforce), Wix Company reports slightly higher revenues than expected in its reports for the second quarter of the year. The company, which developed a system for building websites, shows revenues of $345.2 million - a growth of About 9% compared to the corresponding quarter last year. Market analysts expected revenues of $344.39 million and the company itself predicted revenues of $342-346 million. Excluding exchange rate differences, revenues in the last quarter grew by 11% to the level of 349...

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Aug 10, 2022

Likud primaries were extended until 10:30 p.m due  to  pressure by the party's chairman Netanyahu
48 Views Details

by Ifi Reporter

Category: Politics

The Likud primaries were extended until 10:30 p.m. after pressure exerted by the party's chairman, Binyamin Netanyahu. Although the turnout, which stood at 9:00 p.m. at 54%, is similar to the previous primaries, Netanyahu is putting pressure on party members and asked to extend the vote even until midnight - when the goal is to weaken the power of the groups organized in Likud. In the last few hours towards the evening, dozens of SMS messages, recorded messages and videos were sent to the functionaries, after in Netanyahu's opinion too few functionaries voted for the five armors he...

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Aug 10, 2022

EL Al returned to be profitable: A net profit of $100 million - Revenues increased by 132%
350 Views Details

The Israelis who returned to flying abroad after the corona epidemic, the ticket prices that rose sharply, as indicated in the report of El Al's board of directors attached to its financial statements for the second quarter of 2022, and especially a tax benefit of 117 million dollars for the loan it received from Phoenix for the frequent flyer club - helped the company significantly improve results. El Al ended the quarter, for the first time since the Great Crisis, with a net profit of $100 million, compared to a loss of $80 million in the corresponding quarter last year. Revenues...

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Aug 11, 2022

Partner revenues in the second quarter of 2022 amounted to NIS 859 million and profit - 47 million
522 Views Details

The communications company Partner concludes the second quarter of 2022 with revenues of NIS 859 million, compared to revenues of NIS 840 million in the corresponding period last year. The increase in revenues comes from an increase in revenues from services in the cellular and landline sectors - which resulted from an increase in revenues from roaming services and growth in cellular and fiber optic subscriptions, from 649 million shekels in the second quarter of 2021 to 706 million shekels in the second quarter of 2022.

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Aug 11, 2022

Kimberley Workers' Committee: We are leaving the Histadrut after more than 50 years
207 Views Details

by Ifi Reporter

Category: Financial

About a month after Histadrut Chairman Arnon Bar-David called for a consumer boycott due to the rising prices for Diplomat, Shastovitz, and Kimberly Clark, the response arrived: the employees of Kimberly Clark Israel decided to take revenge: to leave the Histadrut and move to the National Histadrut. There are about 1,000 employees

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Aug 11, 2022

Likud primaries - loyalty to the boss pays off: Yariv Levin, Miri Regev and Amir Ochana
77 Views Details

by Ifi Reporter

Category: Politics

The preliminary elections in Likud proved that those who are loyal to Netanyahu succeed in a big way. All the candidates who criticized the police and the prosecutor's office and the courts reached high places. The winner of the election is Levin's opponent and he will be number two after Netanyahu. Eli Cohen, who was very strong despite coming from Kahlon's Kulana party, ranked third. He is followed by Yoav Galant and fifth Dodi Amsalem. In the first ten are some interesting figures, mainly Amir Ohana and the strong woman in Likud, Miri Regev

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Aug 11, 2022

A Bus collided into a bus-stop and killed a 40 year old woman and her daughters age 2 and 7
252 Views Details

Tragedy in Jerusalem. A 7-year-old girl, a 3-year-old girl and their mpther, a 40-year-old woman with an advanced pregnancy, were killed Thursday evening after a bus lost control and crashed into a store in Jerusalem's Romema neighborhood. The three are Shoshana Glostein, a teacher from the city of Ofakim, and her daughters Chaya-Sarah (2) and Hana (7). MDA teams provided medical treatment and evacuated a seriously injured 21-year-old, a moderately injured 6-year-old and a lightly injured 47-year-old to the hospital, and conducted scans at the scene to make sure there were no other...

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Aug 11, 2022

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