Articles by August, 2023

Father Shay Silas Nigarkar and Son Aviad Nir Victims of Tragic Shooting Attack in Hawara
405 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
655 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

 Israeli cyber "SentinelOne" is about to raise between $ 880 and $ 930 million next week at Nasdaq
379 Views Details

by Ifi Reporter

Category: Hitech

Leading Israeli cybersecurity company SentinelOne (SentinelOne) is reportedly evaluating potential strategic options, including a possible sale. According to a report published by Reuters, this revelation has led to a surge of 13% in the company's Wall Street trading, characterized by high turnover. Having been traded at a market value of $4.2 billion, SentinelOne has emerged as an acquisition target following an 80% decline in its stock value over the past two years. Insiders familiar with the situation have disclosed that the company has engaged the services of investment bank Qatalyst...

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Aug 21, 2023

Local Authorities in Arab Region Protest Budget Freezing Disrupting Services and Education
454 Views Details

by Ifi Reporter

Category: Government

local government center has announced a suspension of public reception services until 10:00 and a refusal to answer incoming phone calls. This move comes in response to the Ministry of Finance's decision to freeze crucial budgets for the Arab community, sparking outrage and concern within local authorities. The Ministry of Finance's decision revolves around the allocation of 550 million shekels, amounting to a billion shekels over five years, as compensation for perceived imbalances in the grant formula. Intended to bolster the current budgets of local authorities, these funds have been...

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Aug 21, 2023

Major Cyber Attack Exposes Sensitive Data from Multiple Dating Sites in Israel
470 Views Details

by Ifi Reporter

Category: Hitech

A significant cyber attack has rocked the online dating world, resulting in the unauthorized release of sensitive user information from seven popular dating platforms. The cyber team leading the investigation has announced the breach, although strict legal measures have been taken to prevent the dissemination of specific details pertaining to the compromised sites and the leaked data. The leaked information reportedly contains personal and potentially embarrassing details, including user identities and interactions

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Aug 21, 2023

terrorism in south Hebron hills:  a woman died and a man seriously injured by gunfire
Views Details

by Ifi Reporter

Category: Government

In a distressing terrorist incident that has left a woman dead and a man seriously injured, gunfire erupted on Route 60, near the Sheep Crossing in Mount Hebron. The attack, suspected to be the result of a passing vehicle opening fire on an Israeli car, has sent shockwaves through the community. Tragically, a six-year-old girl was also in the car during the attack. The injured were swiftly evacuated to Soroka Hospital by Magen David Adom (MDA) teams

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Aug 21, 2023

Shufersal retail food chain Sees 68% Surge in Q2 2023 Operating Profit Despite Sales Dip
519 Views Details

by Ifi Reporter

Category: Financial

Shufersal, a prominent player in the food retail sector, reported a remarkable 68% surge in operating profit for the second quarter of 2023 when compared to the same period in 2022. The figure stood at a staggering NIS 89 million. Despite this noteworthy profitability upswing, Yitzhak Abarkhan, the Chairman of Shufersal, has emphasized that the company is far from content. Sources indicate that the retail giant is embarking on another sweeping efficiency program, poised to significantly impact its financial landscape throughout 2024 and 2025

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Aug 23, 2023

Teva Settles Price-Fixing Lawsuit with US Department of Justice Agrees to $225 Million Fine
521 Views Details

by Ifi Reporter

Category: Financial

Teva will pay a fine of $225 million in cash over a span of five years. The fine will be distributed as follows: the company will pay $22.5 million annually from 2024 to 2027, and a larger sum of $135 million in 2028. In addition to the financial penalty, Teva has committed to several other actions: Discontinuation of Marketing: Teva will halt the marketing of a generic cholesterol-lowering drug, Pravastatin. Divestment of Drug: Teva will sell the rights to Pravastatin to another pharmaceutical company

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Aug 23, 2023

Stalemate in Teachers' Salary Negotiations Raises Concerns Over opening School Year
414 Views Details

by Ifi Reporter

Category: Government

In an ongoing standoff between the teachers' organization and representatives of the Ministries of Finance and Education, the prospects of a smooth start to the upcoming school year are looking increasingly uncertain. The parties are set to reconvene this Wednesday for another round of negotiations, following a meeting held last Sunday that failed to bridge the substantial gaps in their positions

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Aug 23, 2023

Israir Airlines Sees Strong Recovery with 14% Increase in Operating Profit in Q2 2023
839 Views Details

Israir Airlines, a prominent player in the aviation and tourism sector, has reported impressive financial results for the second quarter of 2023. The company's operating profit surged by 14% in comparison to the same quarter in 2022, marking a substantial uptick in profitability. The growth can be attributed to several key factors that have shaped the market landscape

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Aug 24, 2023

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