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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)

The Arab and mixed cities continue to lead the list of cities with the highest rates of job seekers even in February. This emerges from data published today (Tuesday) by the Employment Service. Of the ten cities with the highest rate of job seekers in Israel, on the second anniversary of the Corona crisis, six are Arab, one mixed (Acre), and three more from the northern and southern periphery - Dimona, Safed and Tiberias. At the top of the list is Umm al-Fahm, which is the only city with a rate of job seekers higher than 10%, with a rate of 10.1% in February. It was followed by Rahat with...

12,869 people were diagnosed yesterday with Corona, the Ministry of Health reported on Monday. The coefficient of infection, which indicates the number of people who infect a patient on average, rose to 1.23. When the infection coefficient is higher than 1, it means that the plague is spreading. According to the data, the number of patients in a stable severe condition: there are 328 severe patients in the hospitals, of which 143 are respirators

The Bank of Israel announced Sunday a number of measures that ostensibly signal an increase in credit risks in the real estate market. The possible significance of this step could be the rise in interest rates that banks will charge on loans to purchase high-leveraged land. The Supervisor of Banks, Yair Avidan, said that "in light of the increase in risk appetite and the banking system's exposure to the construction and real estate industry, we have recently instructed the banks to hold appropriate discussions on the matter with their boards of directors and management

2021 was a record year in the real estate market and not only in terms of prices and sales of apartments. Data published by the Central Bureau of Statistics (CBS) summarizes the number of construction starts in 2021 amounted to 63,330,000 apartments - a record not observed since 1995. This is an increase Of 13% compared to 2020, when construction began on 55,990 apartments. The data are set against the background of statements by Finance Minister Avigdor Lieberman on new measures to cool price increases, the launch of a new lottery for 10,000 discounted apartments funded by the government...

Sunday, when the leader of the ultra-Orthodox community, Rabbi Kanievsky, will be laid to rest, becomes one of the days when the State of Israel descends to an unprecedented low. The entire Gush Dan, which includes the cities of Tel Aviv, Bnei Brak, Petah Tikva, Ramat Gan and the cities of the Sharon, will be blocked and it seems that the Israeli economy will lose billions of shekels tomorrow. The State of Israel does not know how to deal with about a million mourners who want to attend a funeral that will take place in a small cemetery in Bnei Brak. Each road number 4, one of the most...