Articles by September, 2022

Sentinel One revenues more than doubled to $102.5 million in the second fiscal quarter
191 Views Details

by Ifi Reporter

Category: Hitech

The cyber industry is protected from a global slowdown, at least according to the financial reports of the Israeli Sentinel One that were published after the lockdown in New York. The company, which deals with the detection and prevention of cyber attacks, performed better than expected and also raised the forward forecasts - accordingly the stock rose by 4% in late trading. Sentinel's revenue more than doubled to $102.5 million in the second fiscal quarter, which ended in late July. The annual revenue rate (ARR) also jumped 122% to $438.6 million. Sentinel also improved its gross profit...

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Sep 1, 2022

 2,496,000 kindergarten children and school students start the school year this morning
84 Views Details

by Ifi Reporter

Category: Government

The 2,496,000 kindergarten children and school students start the school year this morning. At the last moment, the Ministry of Finance and the teachers' organization reached an agreement, and the high schools will also open this year as a series. The first day will be devoted mainly to festive ceremonies and meetings with the friends and teachers, introduction to the new education teams and disclosure of regulations and the annual timetable. The supervised nurseries will not start the year due to the staff strike. According to the data of the Ministry of Education, 544 thousand children...

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Sep 1, 2022

Aid track to increase research collaborations between manufacturing companies and Universities
83 Views Details

by Ifi Reporter

Category: Government

The Innovation Authority and the Ministry of Economy and Industry are launching an innovative aid track to increase research collaborations between manufacturing companies and academic institutions, to the extent of NIS 4 million The track will allow manufacturing-oriented industrial companies to order studies from the leading research institutions in Israel in a way that will allow the local industry to incorporate groundbreaking knowledge into products and production processes, advance to the forefront of industrial innovation and take leading positions in global markets

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Sep 2, 2022

The average salary of Israeli workers in June was NIS 12,522 - 3% increase
59 Views Details

by Ifi Reporter

Category: Government

The average salary of Israeli workers in June was NIS 12,522, 3% higher than the average salary in June of last year, according to data from the Central Bureau of Statistics published on Sunday. This is also an increase of about 4%-6% relative to the months of May and April, which indicated a downward trend in the average salary. It should be noted that in the month of June, many workers are paid recovery fees, so it cannot necessarily be concluded from this that there is a change in the trend. In addition, the real average salary - deducted from the monthly consumer price index was NIS...

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Sep 4, 2022

Flight prices are expected to be higher than usual during the upcoming high holidays
75 Views Details

by Ifi Reporter

Category: Financial

Flight prices in the world and in Israel during the upcoming holidays are expected to be higher than usual. The demand for flights after the exit from the period of the corona closures encountered many challenges, including the energy crisis created by the war in Ukraine and a shortage of personnel in the aviation industry. The price of jet fuel - which is usually about a quarter of the airlines' total operating costs - is skyrocketing. The increase in its price this year is twice as high as the increase in the price of crude oil - which reflects the huge demand for flights. Following...

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Sep 4, 2022

Israel railway will operate night trains between the stations Tel Aviv Savidor and Jerusalem
92 Views Details

Starting September 17, the railway will operate night trains between the stations Tel Aviv Savidor Merkaz and Jerusalem Yitzhak Navon on Saturdays through Wednesdays. This was announced by the Ministry of Transport. The trains will operate once an hour in each direction, and will also pass through Netavg. On Thursdays, the night trains will operate between the Tel Aviv Savidor Center and Netavg stations only, due to maintenance work in the tunnels of the line to Jerusalem. In addition, the frequency of trains on the Modiin Center - Jerusalem Yitzhak Navon line will also increase to two...

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Sep 4, 2022

Exit: German giant Bosh acquires Israeli company Elmo for about $ 700 million
259 Views Details

by Ifi Reporter

Category: Financial

Less than half a year after he started a tender process for the sale of the company he founded, Haim Monheit, an almost unknown entrepreneur, his Elmo from the city of Petah-Tikva for more than 700 million dollars to the giant German concern Bosch. Bosh agreed to pay more than the American company Rockwell Automation and beat it in the tender. One of the biggest exits of a private shareholder in recent years. Elmo is owned by Haim Monheit who founded it in 1988 together with two friends who have since retired. Elmo develops advanced traffic controllers and employs 330 people in Petah...

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Sep 5, 2022

 iPhone 14 will land in Israel on September 22nd and the basic phone will cost NIS 3,590
1586 Views Details

Apple unveiled the iPhone 14. At its fall event, the technology giant presented the Apple Watch for extreme athletes, AirPods headphones that cancel out even more noise than before, and the iPhone 14 models that for the first time include support for satellite communication and real-time accident detection; All models sold in the US will now only support eSim - what will happen to them in Israel? Just yesterday they were announced at a festive event and already today we are informed of the prices in Israel of the 4 new Apple devices: iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14...

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Sep 8, 2022

Deficit of NIS 1 billion was measured in August but surplus remained at 0.6% of GDP
77 Views Details

In August, a budget deficit of about one billion shekels was measured, but the accumulated budget surplus in the last 12 months remained at 0.6% of GDP. Everything emerges from data published today (Thursday) by the Accountant General of the Ministry of Finance, CPA Yali Rotenberg. The cumulative surplus since the beginning of the year has dropped to the amount of NIS 34.4 billion - still unprecedented since the state has never had a situation where after eight months there is a surplus of funds in the state budget. What's more, the surplus is about 8% of the annual state budget

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Sep 8, 2022

Fighting against cost of living: Dozens demonstrated in front of Chamber of Commerce president home
76 Views Details

by Ifi Reporter

Category: Financial

As part of the Histadrut's ongoing struggle against the cost of living in Israel, representatives of the Histadrut, social activists, and citizens came Friday afternoon to protest the cost of living in front of the house of the president of the Union of Chambers of Commerce Uriel Lin in north Tel Aviv. The activists waved signs that read, among other things, "The workers are the solution - not the problem", "The tycoons are the engine of the cost of living" and "The state belongs to the workers and not to the tycoons"

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Sep 9, 2022

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