Government

The government has given the green light to a comprehensive five-year plan aimed at reducing social and economic disparities and driving economic growth in East Jerusalem. The ambitious initiative, spanning from 2024 to 2028, will receive approximately NIS 3.2 billion in funding. The decision follows collaborative efforts between the Minister of Jerusalem and Israeli Traditions, Meir Parosh, the Ministry of Finance, the Jerusalem Municipality, and various government ministries

local government center has announced a suspension of public reception services until 10:00 and a refusal to answer incoming phone calls. This move comes in response to the Ministry of Finance's decision to freeze crucial budgets for the Arab community, sparking outrage and concern within local authorities. The Ministry of Finance's decision revolves around the allocation of 550 million shekels, amounting to a billion shekels over five years, as compensation for perceived imbalances in the grant formula. Intended to bolster the current budgets of local authorities, these funds have been...

In a distressing terrorist incident that has left a woman dead and a man seriously injured, gunfire erupted on Route 60, near the Sheep Crossing in Mount Hebron. The attack, suspected to be the result of a passing vehicle opening fire on an Israeli car, has sent shockwaves through the community. Tragically, a six-year-old girl was also in the car during the attack. The injured were swiftly evacuated to Soroka Hospital by Magen David Adom (MDA) teams

In an ongoing standoff between the teachers' organization and representatives of the Ministries of Finance and Education, the prospects of a smooth start to the upcoming school year are looking increasingly uncertain. The parties are set to reconvene this Wednesday for another round of negotiations, following a meeting held last Sunday that failed to bridge the substantial gaps in their positions

Israel's revenues from natural gas royalties witnessed a substantial surge during the first half of 2023, reaching over NIS 1 billion. This marks a remarkable 23% increase compared to the same period in the previous year. reports the Natural Resources Administration at the Ministry of Energy. A significant contributor to this impressive growth was the initiation of natural gas production from the Harish reservoir in October 2022. This addition not only led to a boost in gas production volumes by approximately 13%, with 12.32 billion cubic meters (BCM) produced in the first half of 2023...

After overcoming a significant obstacle in the form of a teacher's union strike, an estimated 2,535,000 students from kindergarten to 12th grade are back in schools today, marking the start of the new academic year. This includes a cohort of 181,000 first-grade students, embarking on a 12-year educational journey with great anticipation

In an exciting development for fashion-conscious Israelis, the renowned British men's fashion chain, Charles Tyrwhitt, is set to make its grand entrance into the Israeli market with the opening of its first flagship store. Located in the bustling Ofer Mall in Petah Tikva, this inaugural branch is part of an ambitious expansion plan by the brand's importer, the Penguin Group, owned by businessman Eliyahu Klimer

Shlomo Group, a diversified Israeli conglomerate, has announced the signing of a groundbreaking agreement to sell approximately 15% of the share capital of its automotive and credit businesses. The buyer is none other than Affinity Partners, the American investment fund associated with Jared Kushner, the son-in-law of former U.S. President Donald Trump. This transaction is valued at approximately NIS 570 million, effectively valuing the Shlomo Group's vehicle and credit activities at around NIS 3.8 billion

Israeli Prime Minister Benjamin Netanyahu's visit to the United States took an unexpected turn as he publicly criticized Justice Minister Yariv Levin's original proposal for legal legislation, sparking controversy within the Likud party. During his visit, Netanyahu met with Elon Musk, the richest man in the world, at the Tesla factory in Fremont, California. In response to Musk's questions about the legal revolution in Israel, Netanyahu expressed his concerns about Levin's legislative plan presented in January