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Elbit Systems reports another huge deal, in which it will provide the European country with intelligence systems for $ 660 million. The contract will be performed over a period of four years and includes a maintenance period of an additional ten years. Most of the revenue will be recognized over the four years of delivery of the orders, and some will be recognized throughout the maintenance period

Petah Tikva Mayor Rami Greenberg is the head of the local authority that was questioned on Monday by the National Fraud Investigation Unit (JHA) in Lahav 433 on suspicion of a case involving offenses of fraud and breach of trust, extortion, abuse of power, bribery and conspiracy to commit a crime. Allowed for publication this morning. Along with Greenberg, who previously served as a police detective, three of his associates were questioned

The total number of mortgages taken out in June 2022 was 11.88. In 2021, the total volume of mortgages crossed the 100 billion mark for the first time and stood at NIS 116.09 billion, with a monthly average of NIS 9.674 billion. This is compared to a total of NIS 78,108 billion in 2020 (a jump of almost 50%). The total mortgages granted so far in 2022 stand at about NIS 60 billion. In 2021, the total volume of mortgages crossed the 100 billion mark for the first time and stood at NIS 116.09 billion, with a monthly average of NIS 9.674 billion. This is compared to a total of NIS 78,108...

U.S. President Joe Biden, pausing from political pressures to bask in the glow of the cosmos, on Monday released the debut photo from NASA's James Webb Space Telescope - an image of a galaxy cluster revealing the most detailed glimpse of the early universe ever seen. Reuters reports that the White House sneak peek of Webb's first high-resolution, full-color image came on the eve of a larger unveiling of photos and spectrographic data that NASA plans to showcase on Tuesday at the Goddard Space Flight Center in suburban Maryland. The $9 billion Webb observatory, the largest and most...

124,000 documents - which reached the British Guardian newspaper and was named The Uber Files. The paper shared the documents with the International Researchers' Organization, ICIJ, and through it with 180 journalists and 44 media outlets around the world including the Washington Post, the French Le Monde, the British BBC, and more. Guards, through journalist Uri Blau, is the Israeli representative in the project. In Israel, the leak raises the curtain over the company's attempts to infiltrate and the extensive array of connections, pressures, and lobbying it has activated

After a long period of internal struggles at the airline that led to the cancellation of over 100 flights since the last Independence Day, the current saga seems to have come to an end. El Al reported on Sunday to the Tel Aviv Stock Exchange that an agreement had been signed between it and the Histadrut and the pilots' committee, which will apply immediately by the end of 2025. The company stated that "as of this date, the company cannot assess the effect of signing the agreement on its business results." After the report: El Al shares rise by about 10%

The chief economist at the Ministry of Finance predicts that 2022 will end with a revenue surplus of NIS 70 billion compared to the projected revenues when preparing the state budget. According to the latest macroeconomic forecast of the Chief Economist, all revenues in 2022 will amount to NIS 456.6 billion, compared to a forecast of revenues of only NIS 387 billion when preparing the state budget. This surplus, mainly due to an increase in tax revenues, led to a significant reduction in the deficit, which in May reached almost 0% relative to GDP. The surplus revenue is what has allowed...

Along with the crisis in high-tech - there is also an exit: in the days when many Israeli high-tech companies are making layoffs and experiencing declines in stock prices and market value, Databand.ai, also Israeli, is being acquired, the acquiring company, IBM, announced today (Wednesday). The companies did not give the amount of the deal, but according to market estimates it is tens of millions of dollars. Databand.ai offers a real-time data monitoring solution that helps organizations fix problems with their data - including errors and failures in data flow, and its poor quality -...

The average wage in public bodies increased slightly in 2020 compared to the increase in the average wage in the economy, but still senior officials in several public bodies earned tens of thousands of shekels a month each - much more than the average wage. Women fill only about 30% of the positions of high-ranking officials and wage earners. This is compared to 27% in the years 2015 to 2019. Gender pay gaps decreased by 0.7% in the five years to 2020 and by only 0.1% in 2020 and stood at 35% in favor of men's wages. Excluding officials and high-wage earners, the gender pay gap was 22%.

The Israeli start-up company Anodot joins Ituro, Verbit, Bizabo, Transmit, Sqream, Leitrix and Nexar in the current wave of layoffs in high-tech and is laying off 35 employees, who make up 27% of the workforce in a company that employs 129 people. The layoffs will be from all parts of the company, which was established in 2014 and has raised about $ 62 million to date, including Intel Capital, Softbank Ventures Asia, Samsung NEXT, La Maison, Keren Alef and Disruptive Technologies