Latest Articles

Kimberley Workers' Committee: We are leaving the Histadrut after more than 50 years
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About a month after Histadrut Chairman Arnon Bar-David called for a consumer boycott due to the rising prices for Diplomat, Shastovitz, and Kimberly Clark, the response arrived: the employees of Kimberly Clark Israel decided to take revenge: to leave the Histadrut and move to the National Histadrut. There are about 1,000 employees

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Aug 11, 2022

Likud primaries were extended until 10:30 p.m due  to  pressure by the party's chairman Netanyahu
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The Likud primaries were extended until 10:30 p.m. after pressure exerted by the party's chairman, Binyamin Netanyahu. Although the turnout, which stood at 9:00 p.m. at 54%, is similar to the previous primaries, Netanyahu is putting pressure on party members and asked to extend the vote even until midnight - when the goal is to weaken the power of the groups organized in Likud. In the last few hours towards the evening, dozens of SMS messages, recorded messages and videos were sent to the functionaries, after in Netanyahu's opinion too few functionaries voted for the five armors he...

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Aug 10, 2022

Bezeq net profit increased by 3% in 2nd Q and amounted to NIS 310 million - revenues to 2.23 billion
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Bezeq Group closes the second quarter of 2022 with an adjusted net profit of NIS 310 million, a moderate increase of 3% compared to the corresponding quarter in 2021. Revenues were NIS 2.23 billion, a slight increase of 1.1%. Operating profit decreased by 1.3% to NIS 463 million and EBITDA also decreased by 1.4% to NIS 921 million. The company's free flow increased significantly to NIS 359 million, compared to NIS 85 million in the corresponding quarter. Bezeq reduced the debt in the company by about one billion shekels and now it stands at 5.63 billion

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Aug 10, 2022

Cellcom recorded revenues of NIS 1.069 billion in the second Q and a net profit of 39 million
855 Views Details

The cellular company Cellcom, which operates a cell phone network, Internet and telephone services, and controls Golan Telecom, published its financial reports for the second quarter according to which the company recorded revenues of NIS 1.069 billion compared to NIS 1.003 billion in the corresponding quarter last year - an increase of 6.5%. The company's net profit in the second quarter amounts to about NIS 39 million compared to a loss of NIS 14 million in the second quarter last year. The company's operating profit in the current quarter amounted to approximately NIS 95 million...

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Aug 10, 2022

Wix fired 230 employees in Q2  and saved $150 million - 100 more in the 3rd quarter
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A day after it was revealed that it would lay off about 100 of its employees (about 2% of the workforce), Wix Company reports slightly higher revenues than expected in its reports for the second quarter of the year. The company, which developed a system for building websites, shows revenues of $345.2 million - a growth of About 9% compared to the corresponding quarter last year. Market analysts expected revenues of $344.39 million and the company itself predicted revenues of $342-346 million. Excluding exchange rate differences, revenues in the last quarter grew by 11% to the level of 349...

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Aug 10, 2022

The budget surplus in July reached NIS 10 billion due to an increase of 20% in the state's revenues
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The accumulated surplus in the last 12 months in the state budget reached 10 billion shekels in July, and the rate of surplus in the state budget in relation to the GDP reached 0.6% of the domestic GDP - this was announced by the Economic Accountant Division of the Ministry of Finance. The surplus in the budget, for the second month in a row, is due to an increase of more than 20% in the state's revenues from the beginning of the year, compared to the corresponding period in 2021, to NIS 280 billion. The chief economist at the Ministry of Finance recently re-evaluated the state's revenue...

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Aug 8, 2022

Israeli Talon Cyber ​​Security developer has completed a $100 million Series A funding round
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Talon Cyber ​​Security, developer of the first secure browser for enterprises, has completed a $100 million Series A funding round. The round was led by Evolution Equity Partners, with participation from Ballistic Ventures, CrowdStrike's Falcon Fund, Merlin Ventures, SYN, and existing investors George Kurtz, founder and CEO of CrowdStrike, Lightspeed Venture Partners, Sorenson Ventures and Team8 Capital. The round brings the total amount that Talon has raised since its inception to $126 million.The fundraising funds will be used to continue developing and improving the product and speeding...

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Aug 4, 2022

Government price committee recommends: to raise the tuition by NIS 500  per month
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The government price committee recommended on Wednesday evening to raise the price of supervised nurseries by a high amount of NIS 500 per month. Ynet has learned that the ministers of finance and economy will not approve the recommendation: "This is a disproportionate harm to the public of parents." Failure to raise the price may result in at least some nurseries not opening

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Aug 3, 2022

 Israeli cyber giant Check Point presented an increase in revenues of 9% to 571 million dollars
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The Israeli cyber giant Check Point presented its second-quarter report and managed to overtake the analysts' forecasts in the key indicators: the company's revenues jumped by 9% to 571 million dollars, and the diluted earnings per share (the key figure in this article which is Non -GAAP) was $1.64, compared to average expectations for revenues of $560 million and earnings per share of $1.62

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Aug 1, 2022

Midnight: The price of fuel will drop sharply by by NIS 1.5 to a maximum of NIS 6.58 per liter
1100 Views Details

After six consecutive months of increases, fuel prices will drop sharply tonight at midnight - according to the Ministry of Energy announcement. The decrease is recorded following the drop in oil prices in the world in the last month, and after last week the Ministry of Finance published an order that expands the reduction of the excise tax on fuel to NIS per liter. The order that reserves the reduction of the excise tax on fuel will be in effect until the end of the month, after which it will be possible to extend it

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Jul 31, 2022

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