Articles by August, 2023

In a move that has sparked controversy and accusations of curbing the freedom of protest, Chief Avi Biton, the commander of the Central Police District, has imposed restrictions on demonstrations near the homes of ten members of the Knesset and ministers. The restrictions were implemented to address concerns raised during a government meeting about the lack of enforcement during protests near ministerial residences and following requests from members of the Knesset to limit demonstrations outside their homes

Solaredge, a leading manufacturer of solar panel converters and power amplifiers, disappointed investors with a weak forecast for its revenues and profitability in the third quarter of 2023. As a result, its shares plummeted by 12% in late trading. The company reported earnings of $120 million, equivalent to $2.12 per share based on US GAAP, for the second quarter of 2023. This was a decline from the $138 million profit in the first quarter of the year and $15 million in the same quarter in 2022.

In its semi-annual financial stability report, the Bank of Israel has issued a warning regarding potential adverse effects on Israel's economy in the medium term. The report highlights two main factors impacting the country's financial system: the continuous tightening of monetary policy through interest rate hikes, and a slowdown in global economic growth alongside difficulties in the global banking system

Citibank Lowers Growth Forecast for Israel's Economy Amidst Political Uncertainty. In a recent report, American bank Citibank revised its growth forecast for the Israeli economy for 2023 and 2024, attributing the downturn to a drop in investments following a planned coup d'état of the government

During the busy afternoon hours of Friday, chaos ensued at Ben Gurion Airport as delays in luggage unloading and loading caused significant disruptions to flight departures. Despite initial reports of a strike being the cause, both the Airports Authority Board (Rashat) and management have denied any labor action. Instead, they attributed the delays to an acute shortage of workers, resulting in immense pressure on airport operations

Oppenheimer, known for its strong research department, has maintained an "outperform" recommendation for Amdocs (DOX) stock while raising its target price from $99 to $109. The decision comes after Amdocs posted strong fiscal third-quarter results, showcasing annual revenue growth of 6.9% at constant exchange rates. Although the growth rate slightly decelerated compared to the previous quarter, the company remains strategically well-positioned in the cloud services sector, particularly among leading telecom companies undergoing digital transformation

A tragic terrorist attack: On Montefiore Street in Tel Aviv on Saturday afternoon unfolded a tragic incident when Chen Amir, a 42-year-old municipal security patrol officer (SLA), was mortally wounded in a shooting attack. The assailant, identified as Kamal Abu-Bakar, 22, opened fire on Chen and his patrol friend after arousing their suspicion. Chen Amir, a resident of Bat Yam and originally from Kibbutz Re'im in the Eshkol region, displayed tremendous courage during the incident. Despite being critically injured, he was rushed to Ichilov Hospital while receiving CPR. Tragically, the...

The Automated Bank Services Company has released its data on credit card expenses for the month of July, revealing a remarkable surge of approximately 6.2% compared to the same period last year. With credit card spending reaching an impressive NIS 41.17 billion, July has claimed its spot as the second-highest month of the year for credit card expenditure

The Central Bureau of Statistics in Israel has released a comprehensive report on the housing landscape in the country over the past ten years, shedding light on ownership, rental, and sheltered housing segments. The data was sourced from the register of apartments and buildings, using property tax data provided by local authorities