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Historical agreement: Israel and the United Arab Emirates complete negotiations for a free trade area agreement between the two countries The agreement, which is comprehensive and significant, includes, among other things, issues related to trade in goods, including regulation and regulation, customs, trade in services, cooperation, government procurement, e-commerce and protection of intellectual property rights. The issue was discussed at a meeting between Prime Minister Naftali Bennett and heir apparent Sheikh Muhammad bin Zayed in Abu Dhabi last December, where it was agreed to speed...

Rafael announces its financial results for 2021, as approved at the company's board meeting, with sales of NIS 9.931 billion ($ 3.075 billion) and a net profit of NIS 431 million. For the first time, the company consolidated the reports of its subsidiaries Aeronatics and Controp. At the end of the 2021 work year, Rafael CEO Yoav Har-Even said: "2021 was a very successful year in all areas of the company's operations, which were also reflected in the impressive financial results despite objective challenging parameters, such as the continued effects of the corona plague on the economy

Teva is stepping up the pace of arrangements to resolve lawsuits hovering over its head regarding its involvement in the narcotics (opioid) painkiller affair, which has resulted in the deaths of 500,000 Americans in the past 20 years. Teva, which is managed by Kor Schultz, has reached an agreement with the Attorney General of the State of Florida and all the arms of the administration, which will settle all the lawsuits filed by the administration against Teva in the opioid case. Under the arrangement, Teva will pay Florida $ 177 million over 15 years, and will provide Florida with the...

Positive news for Israelis: Disney + will be launched in Israel on June 16 and will be cheaper than Netflix's most expensive package. It is an international streaming platform that offers content such as movies from Disney, Pixar, Marvel, Fox, FX, National Geographic, and Star Wars, among others. The company said that "Disney + subscribers will have access to high quality viewing for up to four devices simultaneously, an unlimited number of downloads for up to ten devices, and the ability to set up to seven different profiles, including a child profile

Starting this May, some 3,600 IEC employees will be allowed to work from home regularly for two days a week. This is according to an agreement signed between the Electric Company, the person in charge of wages at the Ministry of Finance, the Companies Authority and the workers' organization. According to the agreement, those employees whose work allows it will be allowed to work from home (subject to corona status), when one of the two days will be mandatory and the company's sites will be closed for efficiency reasons. On the other working days of the week, the employees will come to the...

When Avigal Soreq was appointed CEO of El Al in January 2021, he explained that as a Zionist, he felt the need to meet the challenge of rescuing the national airline and was even willing to absorb a dramatic drop in his salary compared to the salary he received as VP of US Delek. 14 months have passed since then and when he submitted his resignation today (Monday), other songs were heard from Whistler. Sorek explained that in recent days he has received an offer to be appointed CEO of a US $ 1.5 billion-traded Delek Street company. To Delek US where he grew up and worked for 10 years,...

Israel Post today (Monday) approved the financial statements for 2021, against the background of the advanced negotiations for a recovery plan with the Workers' Committee. The reports show that the company is facing a loss of no less than NIS 175 million, after the company recorded a huge loss of NIS 643 million in 2020, 383 of which were set aside for expenses for retirement

This is the fourth day in a row with over 10,000 verified: 13,603 Israelis were diagnosed on Wednesday as positive for Corona. A total of about 71,300 tests were deciphered and the positive rate was about 19%. At the same time, the infection coefficient continues to rise and stands at 1.42 - indicating a widespread spread of the plague. Data from the Ministry of Health show that the number of patients in critical condition remains stable compared to last night and stands at 301. The data also show that 130 patients in critical condition are connected to respirators. Since the beginning of...

State witness Shlomo Filber testified today for the first time in the trial of opposition leader Benjamin Netanyahu in the Jerusalem District Court. His testimony is considered very central in the 4000 case, and should also affect the 1000 case. Netanyahu himself arrived at the courtroom, as he did on the first day of the testimony of state witness Nir Hefetz, and sat down a few meters away with his son Avner by his side. Filber was asked about the "facilitation meeting" with Netanyahu and described it: "There were also David Sharan and others in the room. We talked for ten minutes and a...

The ratio between the number of jobseekers and the number of job vacancies fell in February to 1.1, the lowest figure since 2009. This is according to the employment market pulse report of the employment service. This means that 1.1 employees applied for each position, and this ostensibly indicates the possibility of almost every employee finding a job. For comparison, at the beginning of 2021, about 12 job seekers competed for each vacancy. This is the best ratio since 2009, and much better than the one recorded in Israel on the eve of the crisis (1.7)