Articles by September, 2022

Teva CEO Carr Schultz: Expects to reach operating profitability rate of 30% by 2027
84 Views Details

by Ifi Reporter

Category: Health

Teva pharmaceutical company held a press conference Sunday at its new headquarters in Tel Aviv, where it presented its goals for the coming years, which it provided with the publication of the latest reports. In 2027, Teva expects to reach an operating profitability rate of 30%, a debt-to-EBITDA ratio of 2, a cash-to-earnings ratio of 80%, and to return to growth, after several years of revenue erosion. Carr Schultz, Teva's president and CEO, presented Teva's progress since 2017, when he took office. "In 2017, we set goals. One of them was business optimization. 80 production sites - we...

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Sep 18, 2022

Israel Railways continues the strategic plan to eliminate road-rail junctions  to increase safety
73 Views Details

Israel Railways continues the strategic plan to eliminate road-rail junctions in order to increase the safety of all road users and improve train service. In recent days, a new level separation was opened for vehicular traffic near the construction site, which completely separates the railroad from the road crossing it. In this way, the road-rail intersection was canceled which resulted in damage to the train service due to incidents of trespassing in the area of ​​the intersection which caused train delays. In 1985, a major disaster occurred at the meeting when a bus that got stuck on the...

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Sep 18, 2022

OPC to build a power plant in West Virginia that can bury carbon dioxide emitted by the station
89 Views Details

by Ifi Reporter

Category: Financial

OPC energy company is promoting the development of a power plant in West Virginia that supplied 1.8 gigawatts, for $3.5 billion. The station is powered by natural gas and incorporates technologies to capture and bury the carbon dioxide emitted by the station. The announcement of the project, which will be carried out through the American subsidiary CPV (70%), was made together with the Chairman of the Energy Committee in the Senate Joe Manchin from West Virginia, and the representative of the Governor of West Virginia. Giora Almogi, CEO of OPC, (-2.07% 4210), said that the establishment of...

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Sep 18, 2022

 El Al will operate direct flights to Tokyo starting in March 2023 twice a week using Boeing 787
575 Views Details

After a three-year delay in opening the route, El Al will operate direct flights to Tokyo starting in March 2023. The maiden flight is expected to take off on January 1, 2023, and ticket sales will begin today (September 19). El Al reported that it will operate two direct weekly flights to Tokyo, on Wednesdays and on Wednesdays. The flights will take place on a Boeing 787 aircraft, which includes three classes of service - tourist, premium and business. With the announcement of the new line, round-trip airline tickets are offered in tourist class, at launch prices starting at $999 for a...

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Sep 19, 2022

A recovery arrangement was signed with Israel Post: Approximately 1,050 employees will be laid off
362 Views Details

by Ifi Reporter

Category: Hitech

A recovery arrangement was signed between the Accountant General and the Israel Post in the amount of NIS 1.7 billion, along with a new collective agreement with the Post's workers' council. As part of it, out of the company's 5,000 employees, approximately 1,050 employees will be laid off in two phases - the first of which will be in December. The financing agreement consists of the sale of real estate of the post office - which has 700 branches throughout the country - to the state. The value of the assets to be sold is estimated at NIS 800 million. The state will also finance the...

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Sep 19, 2022

 Education minister is expected to announce establishment of a university in the Galilee
112 Views Details

by Ifi Reporter

Category: Government

The Minister of Education, Yifat Shasha-Biton, is expected to announce in the coming days the establishment of a new university in the Galilee, which will be the first to be established in the region, and in total the 11th university in Israel. Even though this is an election period, Shasha-Biton is expected to bring the decision to the approval of the Higher Education Council (HEC), which is expected to support it during, after Rosh Hashana. and OT), where objections are actually expected. In the past, there were differences of opinion in the higher education system on the need to...

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Sep 19, 2022

The number of tourists IN iSRAEL reached ABOUT 70% of their number before the CORONA crisis
90 Views Details

by Ifi Reporter

Category: Government

The approaching holidays mark not only the massive departure of Israelis abroad, but also the arrival of tourists who return to flood the streets of the cities. However, despite a considerable recovery in the arrival of tourists, the inbound tourism industry reports that they are still not arriving here in the numbers they were before the corona virus - while Israelis are flocking abroad in droves, and the figures are already equaling, and even surpassing, the numbers before the crisis. The number of tourists reaches 60%-70% of their number before the crisis. According to data from the...

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Sep 19, 2022

On New Year's Eve:  The population of Israel is estimated at 9.593 million people
493 Views Details

On New Year's Eve, the population of Israel is estimated at 9.593 million people. The population will reach about 10 million inhabitants at the end of 2024, and about 15 million inhabitants at the end of 2048 when the State of Israel will celebrate 100 years of existence, and about 20 million inhabitants at the end of 2065. Where will these people live? Well, Israel is not preparing for the expected growth in the coming years. Our politicians focus on the now and not the future. But - "Jerusalem, we have a problem"

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Sep 20, 2022

A historic record in the number of apartments construction began: 72,540 last 12 months
119 Views Details

by Ifi Reporter

Category: Real Estate

A historic record in the number of apartments whose construction began - 72,540 in the 12 months between July 2021 and June this year, 24% higher than the previous 12 months (July 2020-June 2021) in which the construction of approximately 58 thousand apartments began. The number of apartments whose construction began in the period under review is the same as the record recorded in 1995 at a time when hundreds of thousands of immigrants from the Commonwealth of Nations were absorbed into the country. According to the Central Bureau of Statistics, the number of apartments with construction...

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Sep 20, 2022

IDF navy and IAI successfully completed a  test of the 'Gabriel 5' type naval missile system
106 Views Details

by Ifi Reporter

Category: Government

The Sea Arm, together with the Administration for Research, Development of Weapons and Technological Infrastructure in the Ministry of Defense and the Aerospace Industry, successfully completed in August a complex test of the 'Gabriel 5' type naval missile system. This experiment is another milestone in the process of carrying out the 6th Saari ships. The Ahi Oz missile ship, the second in the series of defense ships, participated in the test, which was tested for its ability to deal with various threats using new and advanced weapons, including the Gabriel 5 missile. Gabriel 5 is an...

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Sep 21, 2022

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