Articles by August, 2023

Shortage of more than 30 thousand professional teachers with appropriate training
695 Views Details

by Ifi Reporter

Category: Government

The Ministry of Education in Israel is grappling with a dire shortage of qualified teachers as the upcoming school year approaches. The situation, termed a "quality shortage" by officials, reveals a significant gap in professional educators, particularly in science, mathematics, and language subjects. Despite official reports highlighting a shortage of 2,800 teachers, the true deficit exceeds 30,000 teachers who possess appropriate training. This scarcity is set to disrupt schools, leading to class cancellations and overcrowded classrooms

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Aug 13, 2023

Businessmen Reluctant to Join Israeli Minister on Official Trips Amid Political Unrest
1013 Views Details

by Ifi Reporter

Category: Government

Ministry of Economy and Industry faced difficulties in recruiting businessmen to accompany Minister Nir Barkat on his official trips to Vietnam and Singapore. The businessmen's reluctance stems from their protest against the government's recent coup d'├ętat, of which Barkat's government is a part. Barkat's first stop is Vietnam, where he is scheduled to depart tomorrow for a four-day visit. During his stay in the capital city, Hanoi, he will actively participate in economic forum discussions, tour various industrial plants across the country, and partake in a celebratory reception at the...

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Aug 14, 2023

Partner Reports Resilient Financial Performance Amidst Strategic Shift: Revenues - INS 850 million
870 Views Details

Partner, a prominent player in the telecommunications sector, showcased its ability to adapt and excel amidst challenging market dynamics, as it reported its financial results for the second quarter of 2023. The company's strategic shift towards premium products and a reduction in debt emerged as key drivers behind its successful performance

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Aug 14, 2023

IUnemployment Rate Remains Stable Amidst Economic Challenges: 3.4%
353 Views Details

Despite a slew of negative economic indicators, the unemployment rate in Israel has managed to maintain its favorable position, according to data released by the Central Bureau of Statistics. The unemployment rate dropped even further in July, reaching an impressive 3.4%, a slight decline from June's rate of 3.5%. This equates to 155.5 thousand unemployed individuals, compared to 158.1 thousand the previous month

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Aug 14, 2023

Software Company Monday Continues to Thrive on Wall Street with Impressive Growth of 38%
437 Views Details

by Ifi Reporter

Category: Financial

Israeli software company Monday has solidified its position as one of the standout success stories on Wall Street. The company's trajectory began with its 2021 IPO, where it stood out as one of the few to trade above its initial public offering (IPO) value. The momentum has persisted as Monday consistently exceeded forecasts, leading to rapid growth in the second quarter. The company's stock recently surged by 10%, pushing its market value to approximately $8.3 billion

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Aug 14, 2023

Consumer Price Index Rises by 0.3% in July -  Inflation Rate Drops to 3.3%
558 Views Details

Consumer Price Index (CPI) for the month of July rose by 0.3%, slightly lower than early forecasts had anticipated. This increase in the index has led to a sharp decline in the annual inflation rate over the past 12 months, now standing at 3.3%. This decline is bringing the inflation rate closer to the target range set by the Bank of Israel, which aims for an inflation rate between 1% and 3%

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Aug 16, 2023

 Job Vacancies Decrease Signaling Potential Economic Slowdown Amidst Cost of Living Concerns
652 Views Details

by Ifi Reporter

Category: Government

In a recent report released by the Central Bureau of Statistics (CBS) on Thursday, the number of job vacancies in the economy for July totaled approximately 116,948. This figure marked a slight decline from June, which had recorded about 122,228 vacancies. The vacancy rate continued its downward trend, currently standing at 3.7%

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Aug 17, 2023

Approved: Germany will acquire from Israel the Arrow-3 missiles for 3 billion Euros
1387 Views Details

by Ifi Reporter

Category: Hitech

US State Department has given the green light for a substantial agreement between Germany and Israel regarding the purchase of the cutting-edge Arrow 3 missile defense system. This remarkable system, a collaborative effort between the Wall Directorate of the Israeli Defense Ministry and the US Missile Defense Agency (MDA), marks a groundbreaking advancement in air defense technology, specifically designed for intercepting ballistic missiles in outer space

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Aug 17, 2023

Father Shay Silas Nigarkar and Son Aviad Nir Victims of Tragic Shooting Attack in Hawara
438 Views Details

by Ifi Reporter

Category: Government

A shocking shooting attack that occurred this Saturday afternoon in the town of Hawara has claimed the lives of Aviad Nir (28) and his father Shay Silas Nigarkar (60), both residents of Ashdod. The victims were in Hawara for routine maintenance on their vehicle and to purchase car accessories when tragedy struck at a local car wash business

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Aug 19, 2023

Government Approves a five year Plan to Boost Development in East Jerusalem
682 Views Details

by Ifi Reporter

Category: Government

The government has given the green light to a comprehensive five-year plan aimed at reducing social and economic disparities and driving economic growth in East Jerusalem. The ambitious initiative, spanning from 2024 to 2028, will receive approximately NIS 3.2 billion in funding. The decision follows collaborative efforts between the Minister of Jerusalem and Israeli Traditions, Meir Parosh, the Ministry of Finance, the Jerusalem Municipality, and various government ministries

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Aug 20, 2023

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