Articles by June, 2023

Bank Leumi announces what it defines as a "unique and groundbreaking consumer move in the banking system": private customers with a current account at Leumi will enjoy an annual interest rate of 1% on the plus balance in the account - a significant benefit that does not exist in any other bank in Israel. The interest will be paid on a current account balance of up to NIS 10,000 to salary transfer customers with a mortgage at Leumi, or to salary transfer customers with a monthly transaction turnover of at least NIS 3,000 on a Leumi credit card or to salary transfer customers with a...

The Prime Minister's Office published this morning the strategic work plan for the development of Haifa Bay. The target set for the cessation of petrochemical industry activity in the Gulf is 2029, and the publication of the plan aims to establish interim targets for the preparation of the energy sector by then. The plan will make it possible to change the designation of the land in favor of employment, residences, logistics, and open spaces. In this framework, the planning and development of approximately 130,000 housing units, 12 million square meters for employment and commerce, and 5.8...

Marking the prices on stickers on products, which the marketing chains were required to do about 25 years ago, is one of their most hated obligations. Again and again, the networks tried to cancel the obligation, which they claim imposes heavy costs on them, and does not exist in any country except Israel. Now, it seems that the pressure of the networks is going to bear fruit. Next week, a memorandum of law (a draft of a government bill) will be published for public comment that will propose to cancel the labeling on the stickers, provided that the price appears on the shelf, next to the...

Egged announced that it won the public transportation cluster in the area surrounding West Jerusalem. The shares of the Keystone Fund, the controlling shareholder of Aged (60%), rose by 1.2% with the publication of the announcement on the Tel Aviv Stock Exchange. Egged won the Eshkol to operate intercity bus lines between Bnei Brak and Jerusalem, Rosh Ha'Ein to Jerusalem, Petah Tikva to Jerusalem and urban and suburban lines in the western outskirts of Jerusalem (Mebasheret Zion and Givat Ze'ev). The company estimates that the revenues resulting from the operation of the cluster will reach...

About a week after Iran unveiled its new "Fateh" missile, and claimed that it has hypersonic capabilities (a speed higher than the speed of sound) in a way that would make it difficult for Israeli defense systems to intercept it, Rafael unveiled a development plan for the "SkySonic" interceptor missile intended intercept hypersonic missiles tens of kilometers high.