Financial

Sad end to the Emilia Cosmetics factory in Yeruham: after it already seemed that they had managed to save the factory - it was decided to close it. The factory currently employs about 80 workers and the management has formulated a conditional agreement with another company operating in the field that may allow workers to find alternative work. The factory said that despite the streamlining measures taken at the factory, the rise in input prices and increased competition with manufacturers from abroad and the move to imports led to the decision

Another Israeli security company is making its way to the flagship index of Ahuzat Beit Rada. The company that develops and manufactures radars, today announced a huge deal in which it merges with a subsidiary of the Italian Leonardo SpA, which deals with industry and security aviation. The subsidiary that will merge with Rada is Leonardo DRS, which deals with the development of military technologies. , So that Rada will become a wholly owned subsidiary of Leonardo DRS. The transaction does not include cash, but is made through an allotment of shares. Hold at 80.5%. The deal is valued at $...

Perimeter 81, which develops advanced cloud solutions for network management and security, announced the closure of a third round of funding (Round C) worth $ 100 million, at a value of $ 1 billion. The fundraising round was led by the American fund B-Capital, and was attended by ION Crossover Ventures, Toba Capital, Insight Partners and Entree Capital. Among the existing investors in the company: Spring Ventures, led by Aviv Refuah and private investors. The round of funding completed last weekend puts the total capital raised by the company at $ 165 million. Founded in 2018 by Amit...

There is hardly anyone whose snow was not part of his childhood landscape. Even in our adulthood, many of us continued to visit the "For the Kids" brand stores ... and the addicts really did not skip the official stores of the Danish brand when traveling abroad. The first official store of the LEGO brand will open in Tel Aviv and will offer a variety of hundreds of products, including those that can only be found in official Lego stores around the world. The team of so-called "builders" will serve the customers and help with the well-known shopping experience from stores around the world

The technology and insurance group Wesure Global Tech reports today that the Ayalon transaction has been completed, in which Vishur acquires 67% of the shares of the Ayalon insurance group for approximately NIS 447.6 million. Vishor also reports at this stage on the signing of a financing agreement with a leading banking corporation that will grant it a loan of approximately NIS 90 million, an agreement that expresses an expression of trust in the transaction and its ability to maximize value

There has been a 26% decrease in the volume of bond issues since the beginning of the year, according to an analysis conducted by the credit rating company Maalot S&P. The analysis shows that half of the issues were concentrated in 10 companies A total of NIS 42 billion has been raised in the bond market since the beginning of the year, a decrease of 26% compared to the volumes in the second half of 2021 and a jump of 75% compared to the volume of raising in the first half of 2021. The first half of 2022 and the second half of 2021, especially compared to previous periods, came mainly to...

The average wage in public bodies increased slightly in 2020 compared to the increase in the average wage in the economy, but still senior officials in several public bodies earned tens of thousands of shekels a month each - much more than the average wage. Women fill only about 30% of the positions of high-ranking officials and wage earners. This is compared to 27% in the years 2015 to 2019. Gender pay gaps decreased by 0.7% in the five years to 2020 and by only 0.1% in 2020 and stood at 35% in favor of men's wages. Excluding officials and high-wage earners, the gender pay gap was 22%.

After a long period of internal struggles at the airline that led to the cancellation of over 100 flights since the last Independence Day, the current saga seems to have come to an end. El Al reported on Sunday to the Tel Aviv Stock Exchange that an agreement had been signed between it and the Histadrut and the pilots' committee, which will apply immediately by the end of 2025. The company stated that "as of this date, the company cannot assess the effect of signing the agreement on its business results." After the report: El Al shares rise by about 10%

Prime Minister Yair Lapid and Economy Minister Orna Barbibai announced on Monday evening that they had agreed on a more moderate and gradual increase in the price of bread. The price of the uniform sliced ​​bread will increase by 5.5% instead of 11% as previously planned. The price of challah will increase by 8% instead of 21% and the price of flat bread will increase by 5% instead of 36%. Another increase in price will take place in the month of December, when the price of the uniform sliced ​​bread and the price of challah will increase as determined by the price committee, while the...

The price of electricity will increase this Monday at a rate of 8.6%, one percent less than the original decision of the Electricity Authority. This means that the price of electricity will increase on average for a family in two months by about 86 shekels, which is 43 shekels per month and more than 500 shekels per year. The Electricity Authority announced the final price on Wednesday evening after holding an oral hearing procedure for the main parties who challenged the decision to raise the price of electricity at such a high rate, led by the Association of Manufacturers, whose leaders...