Government

In a significant move, the government has given the green light to a comprehensive plan for the rehabilitation and development of settlements surrounding Gaza and Sderot. The strategic five-year plan, devised by the Takuma administration, addresses key areas such as education, infrastructure, business, and agriculture, with a budget exceeding NIS 18 billion

In a groundbreaking development today, the Israel Electric Corporation (IEC) finalized the sale of the Eshkol power station to "Dalia Energy" and George Horesh's "Union" group for an impressive NIS 9 billion. This marks one of the largest deals in the nation's economy, with the exact amount, 9,001,181,818 NIS, set to be transferred to the Electric Company upon the completion of the transaction, expected within the next 5-6 months

US Army's Central Command reported that the commercial tanker "STRINDA" was targeted in the Red Sea by what is believed to be an anti-ship cruise missile. The attack occurred approximately 100 kilometers north of the Bab al-Mandab strait, an area controlled by Houthi rebels in Yemen. The vessel was en route through the strategic strait when the incident unfolded

In October, Israel's official unemployment rate stood at a seemingly low 3.0%, reflecting 133,000 unemployed individuals. However, the recent conflict has drastically altered the employment landscape, leading to a surge in job losses. Despite the reported decrease to 3.4% in the previous month, the true impact reveals a different story

In a recent communication to its customers, global shipping giant Maersk revealed that it is contemplating a return to sailing in the Red Sea. This potential policy shift follows the company's earlier decision to cease operations in the region due to Houthi attacks. The catalyst for Maersk's reconsideration is the establishment of an international force, announced last week, aimed at countering Houthi threats and ensuring maritime security

In a pivotal development ahead of the war cabinet's discussion on the Egyptian proposal for hostage negotiations, Israel expresses readiness for significant concessions while firmly rejecting the possibility of a ceasefire

In a significant development, Wissam Tawil, a senior Hezbollah official recently appointed as the commander of the Radwan Force, the elite unit of the Lebanese terrorist organization, was killed on Monday. The attack, reportedly attributed to Israel, targeted Tawil's car in the town of Hirbat Salem in southern Lebanon

The Israel Defense Forces (IDF) reported ongoing clashes in the Khan Yunis area, with Division 98 fighters actively engaged in eliminating terrorists and uncovering weapons and military equipment. A military warehouse was discovered deep in Khan Yunis, housing a significant amount of ammunition, weapons, and advanced technological means

In a move reflective of the challenging economic landscape, Osem Nestlé and Unilever have announced price hikes on a range of products starting March 1. Osem Nestlé's price adjustments will affect popular items such as Sabar salads, Tivol products, Bonjour pastries, Osem ketchup, noodles for soup, sauces, cookies, and chocolate-based products like Apropos and Kitkat. The increases vary between 3% and 9%, with some products seeing an 8%-5% rise. Osem Nestlé emphasized that this adjustment pertains to around 14% of its total product offerings, primarily those produced in industrial plants...

In a significant move, President Joe Biden signs an order targeting individuals deemed to "act against stability and security" in the ongoing conflict in Judea and Samaria. The sanctions are not limited to Israelis but include anyone engaging in violent actions, irrespective of nationality