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The Supreme Court ruled Sunday that opposition leader Binyamin Netanyahu will be required to return money given to him and his wife by his cousin Natan Milikovski to finance their legal expenses during his tenure as prime minister. The Supreme Court explained that these funds were given in violation of the Public Service Law - known as the "Gift Law" - and therefore Netanyahu must return to the estate of his late cousin $270,000 out of the $300,000 he received from him

Most of the banks in Israel again did not pass on the full interest rate increases to citizens' deposits, the Bank of Israel published today (Sunday) a first comparison between the average interest rates given by each of the banks in Israel in practice for deposits and for credit. The data is expected to be updated once a month, thus helping the public to compare the conditions given by the various banks and, if necessary, to bargain and even switch banks. However, while the data may help customers compare, it does not present a complete picture

A record in shopping ahead of Rosh Hashanah: this year in September we spent over NIS 38.811 billion on credit cards within Israel - an increase of 21.4% compared to 2021. For comparison, in September 2021 expenditures totaling NIS 31.961 billion were recorded, according to data from the Automated Bank Services Company, which manages and develops The national credit card payment system. The data does not include online purchases from websites abroad and does not include shopping overseas

The company IBC Unlimited launched a home internet infrastructure on optical fibers that can reach a speed of up to 10 gigabytes thanks to XGS-PON technology. In the first phase, consumers will be offered a speed of up to 5 gigabytes. The move will require customers to replace end equipment (router)

The rate of population growth in Israel is harming the attempt to improve the education system. Between 2012 and 2019, the budget of the Ministry of Education increased by 67%, but the increase in the number of students eroded the increase so the budget per student increased by only 21%. This is according to the annual education report of the Organization for Economic Cooperation and Development (OECD) published today (Monday) and referring to the 2019 budget data

The Consumer Protection Authority imposed a fine of NIS 5,598,720 on Domicar Ltd. (Budget Car Rental) for misleading consumers under aggravating circumstances: concealing a material detail in the transaction. It is alleged that Budget sold 93 vehicles that were used as rental vehicles, which it presented as vehicles that were used as leasing vehicles to 93 different consumers. In addition, the company published 28 cars on the company website and on the Focus website, presenting them as leasing vehicles, while in practice they were used as rental vehicles, and sometimes even as leasing...

The financial closure of the express lanes project has been completed. As part of the financial closure, which is a significant milestone in the project, the franchising company contracted will provide financing for the project's franchise in a total amount of approximately 2.3 billion shekels. Construction, operation and maintenance of the set of express lanes in Gush Dan will last for a concession period of 14 years. As part of the project, Dania and Electra will build high-capacity park and ride parking lots (for about 11,000 vehicles) at the Ayalon interchange (Rishon Lezion), and the...

The Ministry of Finance announced that the committee for examining Israeli food standards reached agreements regarding the cancellation and modification of the standards. In recent months, the committee examined the Israeli food standards, and its goal was to balance as much as possible the Israeli regulation in the field of food with that practiced in other developed countries, thereby facilitating both the import of food to Israel and its local production in the Israeli food industry. According to the announcement of the Ministry of Finance, the standards that will be canceled will...

South Korea's parliament approved a trade agreement with Israel and it is expected to enter into force in December. This is Israel's first free trade area agreement with an Asian country. With the entry into force of the agreement, mutual tariff reductions will apply to imported and exported products, alongside the improvement and facilitation of trade in a variety of other areas such as services, investments, and standardization. The agreement will give Israeli companies a competitive advantage in the Korean market and is expected to increase and diversify Israeli exports to Korea, as...

The Elis plane is designed for regional flights, as a passenger plane with 9 passengers and 2 crew members, an aircraft carrier, or a cargo plane. It is capable of flying a range of up to 830 km, at a speed of up to 460 km, and carrying a weight of 1.1 tons. It has two engines with a power of 850 hp each, and batteries with a capacity of 900-kilowatt hours, like 15 popular electric cars. But the batteries make up about 60% of the plane's weight at takeoff, which currently makes it difficult to build an electric plane for longer ranges