Articles by March, 2024

Chief Rabbi Yitzhak Yosef: "If the ultra-Orthodox are forced to enlist - we will leave abroad."
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by Ifi Reporter

Category: Government

Chief Rabbi Yitzhak Yosef's recent remarks during a lesson with his students have ignited a firestorm of controversy amid the ongoing debate over the draft law in Israel. In a recording of the lesson, Rabbi Yosef was heard stating, "If the ultra-Orthodox are forced to enlist - we will leave abroad

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Mar 9, 2024

Protests Erupt Across Israel Demanding Change and Elections - occurred in over 30 locations
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by Ifi Reporter

Category: Law

In a widespread display of dissatisfaction with the current government, demonstrators took to the streets in various cities across Israel, calling for immediate elections and addressing a range of grievances

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Mar 9, 2024

Over the past 12 months the budget deficit expanded by 0.8% reaching an alarming 5.6% of GDP
631 Views Details

by Ifi Reporter

Category: Financial

The ongoing conflict has exacerbated Israel's economic challenges, with the state budget deficit swelling, according to a recent report by the Accountant General of the Treasury, Yahli Rotenberg. Over the past 12 months, the deficit expanded by 0.8%, reaching approximately 5.6% of GDP. Projections from the Ministry of Finance paint a grim picture, anticipating a further increase in the deficit to 6.6% by year-end. However, concerns persist among government officials and economic organizations, both domestically and internationally, suggesting the deficit could soar even higher, possibly...

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Mar 11, 2024

Discount bank wrapped up 2023 on a positive note: Net profit  totaling 4.2 billion shekels
443 Views Details

by Ifi Reporter

Category: Financial

Discount Bank, despite navigating through challenging times, wrapped up 2023 on a positive note, with a net profit for shareholders totaling 4.2 billion shekels, marking a notable 20% increase from the previous year's figure of 3.5 billion shekels

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Mar 11, 2024

Israeli Banks Report Robust Profits Despite War: Mizrahi Tefahot and International Bank Lead Growth
376 Views Details

Amidst the turmoil of the 2023 war, Israel's banking sector has shown remarkable resilience, with profits soaring to new heights. The net profit of the four largest banks in Israel surged by 15% compared to the previous year, reaching a staggering NIS 25.5 billion. Despite the challenges posed by the conflict, profits remained steady, underscoring the strength of the banking system

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Mar 12, 2024

Real Estate Market Shows Strong Recovery in January 2024:  8,053 housing units have been sold
364 Views Details

by Ifi Reporter

Category: Real Estate

In a recent review published by the Division of the Chief Economist in the Ministry of Finance, the residential real estate market in January 2024 displayed significant signs of recovery, particularly in the segment of new apartments

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Mar 12, 2024

MK Gideon Saar announced he was leaving partnership with the Blue and White party
601 Views Details

by Ifi Reporter

Category: Politics

The state camp party is disintegrating - and Gideon Sa'ar is establishing the "state right wing": Minister Sa'ar announced on Tuesday evening that he has decided to end the partnership with the Blue and White party and said that he has contacted the chairman of the Knesset committee in order to immediately re-establish the New Hope faction - the state right wing in the Knesset "As an independent faction, which will clearly express the national and state worldview." Tomorrow the Knesset committee will meet to approve the request

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Mar 13, 2024

 Irish Low-Cost Carrier Ryanair Cancels Flights to Israel until October 2024 Amidst Dispute
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by Ifi Reporter

Category: Government

In a recent development impacting travel plans for many Israelis, Rainier, the Irish low-cost airline, has announced the cancellation of all flights to and from Israel until after October. The decision coincides with the onset of the airline's summer season, a period when many Israelis opt for budget-friendly travel options to Europe

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Mar 13, 2024

Israel Aerospace Industry net profit rose by 49% and totaled  approximately 318 million dollars
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by Ifi Reporter

Category: Government

The Aerospace Industry has published its reports for 2023, from which it appears that this is the most successful year since the establishment of the company. The global demand for military equipment that has soared since the war in Ukraine and the war in Israel in the last quarter of the year has arranged for the aerospace industry to accumulate orders totaling 18 billion dollars in 2023, compared to 15.6 billion dollars the previous year

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Mar 13, 2024

Zim shipping and maritime transport company concluded 2023 with a loss of $2.69 billion
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by Ifi Reporter

Category: Financial

Zim, which in 2022 presented the highest net profit in history for an Israeli company, sadly closes 2023, while showing a loss in each of the quarters of the past year. Zim shares lose about 14% in New York trading. The shipping and maritime transport company concluded 2023 with a loss of $2.69 billion, while it concluded 2022 with a profit of $4.63 billion - slightly lower than the net profit of 2021, which was $4.65 billion and was the highest in the history of any Israeli company

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Mar 13, 2024

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