Financial

The struggle over the cost of living intensifies close to the establishment of a new government in Israel. Binyamin Netanyahu is making efforts to establish his government very quickly, but the marketing chains are not interested in fighting the angry public over the price increase. The question being asked now is whether the marketing chains are boycotting Unilever or is Unilever boycotting the chains? From the beginning of the month, Shufersal, Osher Ed, Bitan Wines, Yohannoff, Half Free, Victory and Rami Levy do not accept products from the European giant company that imports Dove, Sif,...

The net profit of the aerospace industry in the nine months of 2022 jumped by 54% compared to the corresponding period last year and was about 202 million dollars. In this way, this is the most profitable period in the history of the company, which published its financial statements this morning (Thursday). Referring to the third quarter alone, the company's net profit jumped by about 135% compared to the corresponding quarter last year and amounted to about 73 million dollars

RISE, Assuta's innovation arm launched with US in collaboration with University City Science Center from Philadelphia - a program that equips startup companies to successfully break into the global health market. 101 companies applied to participate in the program, all with an emphasis on digital health solutions, computational technology, artificial intelligence and big data, from which the six most promising companies that qualified for the program were selected. Thanks to the partnership with the University City Science Center, which has accumulated 50 years of experience in introducing...

Today in the early evening the controversial World Cup will kick off despite everything, in the opening match between Ecuador and the host Qatar, at Al-Bayt Stadium in the city of Al-Khor. The decision to host the 2022 World Cup already in 2010, along with that of 2018, created a cauldron of intrigue and deals behind the scenes. A huge amount of fans from around the world are expected to come to the tournament, but Qatar does not have enough hotel rooms, which has increased the price of the existing ones. The organizers thought of several possible solutions: three luxury ships were built...

The profits of New-Med Energy (formerly Delek Drilling), Yitzhak Tshuva's gas company that owns about 45% of the Leviathan reservoir, soared in the third quarter of the year. The partnership also reported record profits in the third quarter of the year thanks to record production of gas from the reservoir, and the increase in natural gas prices over the past year following the war waged by Russia in Ukraine. It recorded record profits in the third quarter of NIS 123 million. The company will distribute a dividend of NIS 50 million.

The Israeli buyers do not give up the traditional shopping days. According to the data of the clearing company Automatic Bank Services (SBA), the expenses of Israelis on credit cards amounted to more than NIS 887 million following Black Friday sales in Israel. This is a 19% increase compared to the corresponding expenses last year, which amounted to NIS 745 million. The Sheba company data refers to purchases both in the physical stores and online purchases, last Friday November 25 between the hours of 8:00 and 15:00 (opening hours of the physical stores). At the level of daily spending,...

Taboola, the advertising giant - or, as it usually calls it, recommendations - on the web, announced a little while ago that it signed an agreement with the pioneer of the American network Yahoo, under which it will become the exclusive advertising provider in all of the latter's 'digital assets' - that is, the websites and applications - for 30 years.

Tnuva will increase the price of products by up to 4.9% - and most of the marketing chains will line up and pass on the price increase to the consumer. Some of the products became more expensive for consumers by nearly 13% beyond Tnuva's rate of increase. The company stated in response that the company sells and delivers according to the new price list starting November 22." Among the chains that raised the prices of many of the products: Victory, Beitan wines and SUPER (Carrefour), Keshet Tamim, AM:PM, Elonit, yellow, Shuk Mehdrin, the Shuk warehouses, Cheap and Big and more. "Osher ad"...

The wave of layoffs in the economy is expanding. High-tech companies are not the only ones that are laying off workers, and it turns out that other companies on the fringes of technology are also parting ways with hundreds of workers. The Bezeq management signed a collective agreement with the representation of the 3,000 employees of the subsidiaries Pelephone and Bezeq International - the parties announced. Along with enshrining various benefits for employees, including general wage increases and unique wage increases for low wage earners, it was agreed that within the framework of the...

Today, January 1st, every Israeli citizen will feel a wave of price increases for products and services that has not been seen in years, such as at the beginning of the civil year. Today, the salaries of Knesset members and other senior officials are also expected to increase, at a high rate of up to 15%. The final rate will be determined at the beginning of the month, after the publication of the average wage in the economy in the relevant months. The Public Dress Committee recommended raising the salaries of Knesset members by only 2% and attaching all senior public sector officials to...