Articles by September, 2023

Estimated 2,535,000 students from kindergarten to 12th grade are back in schools today
445 Views Details

by Ifi Reporter

Category: Government

After overcoming a significant obstacle in the form of a teacher's union strike, an estimated 2,535,000 students from kindergarten to 12th grade are back in schools today, marking the start of the new academic year. This includes a cohort of 181,000 first-grade students, embarking on a 12-year educational journey with great anticipation

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Sep 1, 2023

Week 35: Demonstrations Sweep Israel as Thousands Protest Government's Handling the democracy
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by Ifi Reporter

Category: Politics

In the face of ongoing chaos in south Tel Aviv, protests against what has been termed the "legal revolution" continued this Saturday evening as part of a series of demonstrations. Despite the tumultuous events in the city, the leaders of the protest, known as "Kaplan Force," emphasized that they were in constant contact with the Israel Police to ensure the safety of the gatherings

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Sep 2, 2023

Israeli Hotel Industry Faces a Tough Summer as a sharp decline in occupancy and tourist bookings
331 Views Details

In what should have been one of the peak seasons for Israel's hotel industry, hoteliers are now grappling with a sharp decline in occupancy rates and tourist bookings. The imposition of a vacation coupon system, long-standing high room rates, and pricing strategies that raise costs during peak seasons have all contributed to a challenging year for the industry. This trend is evident in the latest data from the Central Bureau of Statistics (CBS), which reveals a low point not seen in eight years

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Sep 2, 2023

Clashes Erupt in Tel Aviv Among Eritrean Asylum Seekers - Police fired gun shots: 170 injured
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by Ifi Reporter

Category: Law

Over the weekend, Tel Aviv witnessed a disturbing outbreak of severe violence involving asylum seekers from Eritrea, underscoring the ongoing tensions between supporters of the Eritrean regime and its opponents. These clashes come against the backdrop of President Isaias Afwerki's lengthy rule since Eritrea declared independence in 1993. Notably, since 2011, Eritrean embassies worldwide have organized special festivals celebrating local culture, which some opponents of the regime view as a display of government power and persecution through these global embassy events

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Sep 2, 2023

Finance Minister's Unprecedented Intervention Raises Concerns Over Israeli Economy
327 Views Details

In an unusual move, Finance Minister Bezalel Smotrich has drawn criticism for his involvement in shaping a key economic report, raising concerns about the independence of professional economic analysis in Israel. The report in question, mandated by a recent amendment to the law, requires the Ministry of Finance to provide a preliminary estimate of economic forecasts in September for years with a two-year budget, such as the current 2023-2024 budget

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Sep 4, 2023

Bank of Israel Maintains Interest Rate at 4.75% Amidst Mixed Economic Signals
510 Views Details

by Ifi Reporter

Category: Financial

The Monetary Committee of the Bank of Israel has chosen, for the second consecutive time, to keep the interest rate steady at 4.75%. This decision aligns with market expectations and comes amid a backdrop of dwindling inflation, which dropped to 3.3% in July, juxtaposed with concerning signs of an economic slowdown

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Sep 4, 2023

Charles Tyrwhitt Brings British Elegance to Israel with Flagship Store in Petah Tikva
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by Ifi Reporter

Category: Government

In an exciting development for fashion-conscious Israelis, the renowned British men's fashion chain, Charles Tyrwhitt, is set to make its grand entrance into the Israeli market with the opening of its first flagship store. Located in the bustling Ofer Mall in Petah Tikva, this inaugural branch is part of an ambitious expansion plan by the brand's importer, the Penguin Group, owned by businessman Eliyahu Klimer

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Sep 4, 2023

  Shlomo Group to Sell 15% Stake inAutomotive and Credit Businesses to Kushner's Affinity Partners
1102 Views Details

by Ifi Reporter

Category: Government

Shlomo Group, a diversified Israeli conglomerate, has announced the signing of a groundbreaking agreement to sell approximately 15% of the share capital of its automotive and credit businesses. The buyer is none other than Affinity Partners, the American investment fund associated with Jared Kushner, the son-in-law of former U.S. President Donald Trump. This transaction is valued at approximately NIS 570 million, effectively valuing the Shlomo Group's vehicle and credit activities at around NIS 3.8 billion

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Sep 6, 2023

Foreign Investment in Israel Plummets in Q1 2023 by 60% - High-Tech Industry Hit Hard
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by Ifi Reporter

Category: Hitech

In the first quarter of 2023, foreign investment transactions in Israel amounted to approximately $2.6 billion, marking a significant decrease of about 60% when compared to the average quarterly figures for 2020 and 2022, according to an annual summary published by the Chief Economist Division at the Ministry of Finance, led by Dr. Shmuel Abramson

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Sep 6, 2023

 Record-Breaking Passenger Traffic at National Airport in August: Staggering 2.9 million passengers
514 Views Details

In a recent monthly report published by the National Airport, it has been revealed that passenger traffic in August soared to new heights, shattering previous records. Last month, a staggering 2.9 million passengers passed through the National Airport, marking a remarkable increase of 24.5% compared to the same period in 2022.

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Sep 7, 2023

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