Financial

Israeli Fox  will open at a mall in Toronto a  Niketown store in an investment of  $ 12 million
1215 Views Details

by Ifi Reporter

Category: Financial

The huge Niketown store that Fox will set up at the Yorkdale Mall in Toronto will span two floors of approximately 3,000 square feet. At its establishment, a sum of about $ 12 million (about NIS 42 million) will be invested, with a substantial portion estimated to be funded by the mall. The store is slated to open in November 2020, with the store's lease agreement for 10 years and includes an option to extend it for another 5 years. It is estimated that sales at such a store are expected to exceed $ 20 million per year. Niketown is a concept of huge stores spread over several floors in...

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Sep 2, 2019

 State Comptroller approves Netanyahu to get a loan from a friend to cover legal expenses
498 Views Details

by Ifi Reporter

Category: Financial

Netanyahu insisted, and succeeded: After the permit committee repeatedly rejected his request for funding for his legal protection from his associates, Prime Minister Benjamin Netanyahu received the long-sought approval from the new State Comptroller, Netanyahu Engelman. Englishman approved Netanyahu to take out $ 300,000 loan from Spencer Partridge businessman, "on market terms." In effect, an Englishman bypassed the permit committee next to his office, which refused to allow Netanyahu to receive donations from Partridge and his cousin Nathan Milikowski. The State Comptroller's Office...

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Sep 4, 2019

El Al  LY008 which will land in Ben Gurion afternoon marks an end of El Al's jumbo fleet
881 Views Details

by Ifi Reporter

Category: Financial

El Al Flight LY008, which will land in Tel Aviv this afternoon, marks the end of El Al's jumbo fleet operation on the New York route. Since 1971, the company has operated tens of thousands of flights on this route on jumbo jets. The closure of El Al's jumbo fleet is part of the company's strategic move to take out old aircraft from service and replace it with new and advanced aircraft. This week, El Al will join its new Dreamliner fleet, the Boeing 787-9 12th, called "Jerusalem of Gold." By March 2020, another 4 additional planes of 787-8 are expected to enter the service. Since 1971, a...

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Sep 15, 2019

Taboola and Outbrain, which specialize in content recommendations decided to merge
828 Views Details

by Ifi Reporter

Category: Financial

Taboola and Outbrain, which specialize in content recommendations at the bottom of online articles and sometimes on the pages of the site, report a merger agreement between them, subject to regulatory approvals. These are the top two content recommendations companies. Under the agreement, Outbrain shareholders will receive 30% of the subsidiary's shares and $ 250 million in cash. The profits of the two companies are estimated at $ 50-70 million a year. Adam Singolda, founder and CEO of Taboola, will run the merged company that operates under the Tabula brand. The subsidiary will employ...

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Oct 3, 2019

IAI will convert for General Electric 15 Boing 777 passenger aircrafts  to a cargo configuration
454 Views Details

by Ifi Reporter

Category: Financial

The aerospace industry is expanding its operations in the field of aircraft conversion: Under a new agreement it signed with GECAS, it will convert 15 Boeing 777 aircraft from a passenger aircraft configuration to a cargo configuration. The IAI does not specify the amount of the deal, but notes that the amount is several hundred million dollars. The company also said that under its agreement with GECAS, an option to convert 15 additional aircraft was agreed in the future. GE Capital Aviation Services (GECAS) is a subsidiary of General Electric and is considered one of the world's largest...

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Oct 17, 2019

American software vendor EPAM: we have acquired the Israeli startup Naya
930 Views Details

by Ifi Reporter

Category: Financial

EPAM Systems, a digital platform engineering and software development solution provider, Software announced Wednesday the acquisition of Israeli company Naya Technologies (NAYA Technologies) for an undisclosed amount. As part of the deal, EPAM acquires both Israeli company 80 employees in Herzliya and American subsidiary NAYA Tech. EPAM employs around 30,000 employees and trades on NASDAQ at $ 9.75 billion. The company carries out projects for leading global companies of all disciplines, including prominent Google. Naya Technologies was founded in 2009 by June Okon and Yair Rosilio and...

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Nov 6, 2019

39 technological collleges will open this morning with disruptions due to budget conflict
520 Views Details

by Ifi Reporter

Category: Financial

About thirty technology colleges will open in disruptions this morning due to budgetary hardship that threatens to continue their operations. Political controversy delays transfer of NIS 146 million budget promised in favor of technology college reform and another sixty-one NIS dictionary approved for colleges a year for college budget, lecturer money, vendor pay and ongoing management. Speaker of the Finance Committee Knesset Member Moshe Gaffney last week refused to transfer the money to the committee on the grounds that the money would drive reform in the technology colleges, a reform...

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Nov 9, 2019

2017 Wage and Income Survey reveals: Jerusalem residents are at the bottom of the list
492 Views Details

by Ifi Reporter

Category: Financial

The National Insurance Institute publishes the 2017 Wage and Income Survey and it turns out that Jerusalem residents are at the bottom of the list when it comes to earning a job. Of the major cities defined as cities with more than 200,000 residents, Jerusalem is at the bottom of the list. The average wage of workers in the capital of Israel reaches eighty-one and a half percent of the average wage in the economy. The average wage in August totaled NIS 10,808, an increase of 2.5% compared to last year. Since the beginning of 2018, the average wage in the economy is higher than NIS 10,000...

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Nov 11, 2019

The Castro - Hoodies fashion group has concluded its collaboration with Kim Kardashian
4689 Views Details

by Ifi Reporter

Category: Financial

Now it's official. The Castro - Hoodies fashion group has concluded its collaboration with Kim Kardashian. Kardashian was recruited a year ago to promote the Carolina Laminated Glasses brand in the US. The collaboration with Instagram has been signed for two years and the company has been hoping that Kardashian will bring high traffic to the brand in the form of exposure to some of its 152 million followers on Instagram. However, the activity did not produce the expected results and Castro was not satisfied with the cooperation. Kardishan received $ 6 million from Castro and as the...

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Dec 5, 2019

The gap in salaries between men and women increased slightly to 31.6%
574 Views Details

by Ifi Reporter

Category: Financial

The average monthly gross income per employee from hired employment was NIS 10,584 in 2018, up 4% compared to 2017. Median income per employee is NIS 7,988, a real increase of 6.3% compared to 2017, according to data released on Monday by the Central Bureau of Statistics. . The average number of working hours per week is 40.9, and the average gross income per working hour is NIS 61.7. According to gender, 51.6% of employees are men and 48.4% are women. The average gross income per employee male is NIS 12,498 per month (and NIS 66.3 per hour). The average gross income per hired woman is...

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Dec 9, 2019

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