Ifi Reporter

Ifi Reporter
Member since May 5, 2016
The government is expected to approve Sunday a plan to promote and expand economic ties with Egypt
34 Views Details

by Ifi Reporter

Category: Government

The government is expected to approve at its weekly meeting on Sunday a plan to promote and expand economic ties between Israel and Egypt. The plan was formulated following visits by the Prime Minister, the Foreign Minister, the Minister of Economy and the Minister of Energy to Egypt over the past year, as well as the Egyptian Foreign Minister's visit to Israel. Among the goals of the program: assistance to significantly increase long-term and broad-ranging engagements between companies, organizations and governments of the two countries; Significantly increase knowledge exports, civic...

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May 27, 2022

Teva continues to sign compromises in the opioid case: reached an agreement with West Virginia
51 Views Details

by Ifi Reporter

Category: Law

Teva continues to sign compromises in the opioid case - which indirectly caused the deaths of 500,000 drug users in the U.S., amid addiction to these substances - that has plagued the stock in recent years. Acquired by ABBVIE -0.36% in 2019. The two companies will jointly pay $ 161.5 million. In practice, Teva will pay the state $ 75 million over a 15-year period, along with hassle and legal costs of $ 8 million. Teva will also supply the Narcan drug over a 10-year period worth $ 27 million. West Virginia has already reached agreements with Johnson & Johnson, by the way

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May 26, 2022

Israeli Amdocs  has signed a binding agreement to acquire the UK-based MYCOM OSI for $ 188 million
53 Views Details

by Ifi Reporter

Category: Financial

Amdocs, which provides software and services to communications companies, has signed a binding agreement to acquire the UK-based MYCOM OSI for $ 188 million. MYCOM OSI provides software services to subscribers to control and secure services and communication networks in a cloud-based environment for communications companies. Amdocs, managed by Shuki Sheffer, notes that the acquisition will expand its network of products and solutions in the field of network management and optimization of the network resources and services provided on it, including control capabilities and securing...

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May 25, 2022

 Strauss Group profit fell by 73.2% in Q1 due to the  the huge recall of the sweet products
658 Views Details

by Ifi Reporter

Category: Financial

A rise in world coffee prices pushed the Strauss Group's sales by 10.5% in the first quarter, but the salmonella crisis cut the bottom line and net profit fell by 73.2% to NIS 60 million. The severe damage to net profit was caused by the huge recall of the sweet products announced by Strauss - the announcement of the salmonella and closure of its candy factory in Nof Hagalil came out in April, after the reporting period, but due to the fact that products sold in the first quarter and collected Manufactured in the first quarter, Strauss recorded part of the recall, for January-March

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May 25, 2022

"Employment rate of ultra-Orthodox and Arab women in the fourth quarter of 2021 amounted to 81%"
50 Views Details

by Ifi Reporter

Category: Government

Report for 2021 of the employment arm of the Ministry of Economy and Industry: The employment rate of ultra-Orthodox and Arab women in the fourth quarter of 2021 was high compared to 2019, on the eve of the corona crisis, and even reached the employment target set by the government for 2030 - 81%. This is the highest figure in the rate of women among ultra-Orthodox women in Israel, and very close to the employment rate of non-ultra-Orthodox Jewish women, which stood at 83% in the fourth quarter of 2021. However, it is interesting to note that a recently published report by the News...

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May 25, 2022

Histadrut chairman Arnon Bar-David defeated former chair Ofer Eini and won 78% of the votes
75 Views Details

by Ifi Reporter

Category: Politics

Histadrut chairman Arnon Bar-David defeated former Histadrut chairman Ofer Eini in Tuesday's Histadrut elections. Bar-David won 77.78 percent of the vote, while Eini won 22.24 percent, according to the announcement of the Election Commission. The final turnout in the election for the position of chairman was 42.3%, which is 254,000 people - out of 601,000 who have the right to vote. In the elections to the Histadrut conference, Bar-David's faction, Anchors, won 78.6% of the kosher votes, numbering only about 130,000. The All of Us Rock Eye faction won 21.4% of the vote. Bar-David (65) took...

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May 25, 2022

Bank Leumi: Profit of of NIS 1.6 billion in the first quarter - an increase of 23%
335 Views Details

by Ifi Reporter

Category: Banking

A very successful start to the year for Bank Leumi. According to the Bank's report for the first quarter of 2022 published on Tuesday, its net profit amounted to NIS 1.6 billion, an increase of 23% compared to NIS 1.3 billion in the corresponding quarter last year. In light of the profit, Leumi will distribute dividends to shareholders in the amount of NIS 322 million, which constitute 20% of the net profit. Leumi also enjoyed growth in credit portfolios in the business (11.2%), commercial (9.7%) and mortgage (4.2%) sectors. As a result, as well as the index gaps, the Bank's interest...

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May 24, 2022

Knesset approved the law to finance 75% of Academic studies for discharged soldiers
43 Views Details

by Ifi Reporter

Category: Government

At the end of long hours, and after the exchange of attacks between the coalition and the opposition, the proposal to finance studies for discharged soldiers was finally approved tonight (Monday to Tuesday). The Likud agreed to accept a compromise proposal presented at the last minute by Defense Minister Bnei Gantz, according to which the funding will be 75% of the tuition fee, along with an immediate transfer of the money to the fighters. The coalition had a hard time finding the majority for long hours. Ra'am chairman Mansour Abbas pledged to support the vote - but there was no certainty...

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May 23, 2022

Bank Hapoalim concludes the first quarter of 2022 with a profit of NIS 1.65 billion
697 Views Details

by Ifi Reporter

Category: Financial

Bank Hapoalim concludes the first quarter of 2022 with a profit of NIS 1.65 billion, compared to NIS 1.35 billion in the corresponding quarter last year, an increase of 22.2%. Return on equity climbed to 15.6%, compared to 13.5% in the corresponding quarter. Revenues in the quarter climbed 7.5%, "against the background of growth in the Bank's core activity and changes in the index rate" and amounted to NIS 3.84 billion, compared with NIS 3.58 billion in the corresponding quarter in 2021. Net interest income was NIS 2.71 billion, compared to NIS 2.23 billion in the corresponding quarter

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May 23, 2022

Bank of Israel decided to raise the interest rate  in the economy by 0.4 percentage points to 0.75%
87 Views Details

The Monetary Committee of the Bank of Israel decided today (Monday) to raise the interest rate in the economy by 0.4 percentage points, so that the interest rate in the economy will now rise from 0.35% to 0.75%. This is the second rise in interest rates in the economy after a previous rise in April. The relatively sharp rise, contrary to the forecasts of most economists for an increase to 0.6%, signals the intention of the Bank of Israel to fight more resolutely to moderate the rate of inflation in Israel. The last time the interest rate reached 0.75% was in July 2014, about eight years ago

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May 23, 2022

 confrontation between El Al's management and the pilots is intensifying due to salaries cuts
425 Views Details

The confrontation between El Al's management and the company's pilots is intensifying. The company is forced to cancel flights at the last minute because it is unable to man them with pilots, who do not "fit in" for flights. Today the company canceled one flight to Zurich, Switzerland. Also yesterday, six flights were canceled at the last minute. Following this, EL AL's management stopped hiding for the first time the real reason for the cancellations of the company's flights, which has so far been explained in the vague phrase "cancellation of operational reasons", and the company's CEO...

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May 20, 2022

Hospital medical staffs work in limited format in protest of recent violence in medical centers
75 Views Details

by Ifi Reporter

Category: Health

Hospital medical staffs work Thursday morning in a Saturday format in protest of recent cases of violence in medical centers. Protests and demonstrations are taking place in hospitals across the country with the participation of senior Ministry of Health officials. The director general of the ministry, Prof. Nachman Ash, said that this is a "difficult time", but the phenomenon is not new. "We have been dealing with it for a very long time. "In the last few months there have been a number of difficult incidents and there are a lot of small incidents that do not reach the eye of the media and...

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May 19, 2022

Shipping company Zim: revenue of $ 3.7 billion in the first quarter of 2020 - Beating forecasts
61 Views Details

by Ifi Reporter

Category: Financial

The Israeli shipping company Zim, which is controlled by the Canon of the Ofer era, is once again beating analysts' forecasts. The company reported today (Wednesday) revenue of $ 3.7 billion in the first quarter of 2020, and earnings of $ 14.19 per fully diluted share ($ 1.71 billion in total). This is the fourth consecutive quarter in which Zim breaks a record of quarterly profit for an Israeli company. The market expected it to bring in $ 3.47 billion and earnings per full diluted stock would stand at $ 12.53. In accordance with the Company's policy, a dividend of 20% of quarterly...

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May 18, 2022

the cellular company Cellcom reported  the highest profit in the last 20 quarters: NIS 28 million
72 Views Details

by Ifi Reporter

Category: Financial

Cellcom reported the results of the first quarter of 2022, in which it continues the positive trend and shows the highest profit in the last 20 quarters - NIS 28 million, this is the first report under the new CEO Daniel Sapir. Available foreign cash amounted to NIS 52 million, with a growth of 31,000 mobile subscribers in the first quarter compared to the previous quarter, a growth of 6,000 Internet infrastructure subscribers in the first quarter compared to the previous quarter, and a growth of 2,000 TV subscribers in the first quarter compared to the previous quarter

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May 18, 2022

El Al presents: Sixth consecutive quarter of an increase in revenue - loss shrinked to $ 66 million
71 Views Details

by Ifi Reporter

Category: Financial

El Al closes a consecutive sixth quarter of an increase in revenue, with the termination of the position of outgoing CEO Avigal Soreq - the company reduced its loss in the first quarter of the year to $ 66 million, compared to a loss of $ 86 million in the first quarter of 2021. Tomorrow, Soreq will officially end his position at the company, and he will be replaced by the new CEO, Dina Ben-Tal Genesia. This is in the days when El Al is dealing with employee sanctions that have also led to the cancellation of several flights

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May 18, 2022

Transportation ministry will invest NIS 1 billion in public transportation routes in Netanya
75 Views Details

In the next five years, the Ministry of Transportation will invest about NIS 1 billion in the network of public transportation routes and bicycle paths in Netanya. This was announced by Minister of Transportation Merav Michaeli and Netanya Mayor Miriam Feierberg, after signing the agreement. The project will be completed only in 2027. In the coming year, the Ministry of Transportation and the municipality will complete the preparation, and only then will the actual work begin. The Ministry of Transportation was proud today that Netanya will be the first city in Israel to offer maximum...

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May 17, 2022

 a new dedicated center will be opened next week for the issuance of temporary passports
77 Views Details

by Ifi Reporter

Category: Government

Ahead of a discussion to be held Wednesday in the Knesset's Interior Committee on the lack of queues at the Population Authority last year, the PA announced that a new dedicated center will be opened next week that will add hundreds of queues a day for the issuance of temporary passports. The temporary passport center will operate in the center of the country (near the Ayalon Mall, in Bnei Brak) and will be a center for anyone who has not had time to renew a passport before their expected trip. The center will issue temporary passports for a period of two years, at the same cost as a...

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May 17, 2022

Pricing committee recommended that the price of bread be permanently abolished - price will rise
66 Views Details

The inter-ministerial pricing committee, jointly with the Ministry of Economy and Industry and the Ministry of Finance, recommended that the price of bread be permanently abolished. The issue of the removal of bread control was raised by the committee a year ago, but a hearing procedure and a final recommendation were now required - which has now been accepted. However, the required approvals have not yet been received from Finance Minister Avigdor Lieberman and Economy Minister Orna Barbibai

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May 16, 2022

First quarter of 2022: GDP contracted by 1.6% compared to the fourth quarter of 2021
59 Views Details

After the recovery from the corona crisis, which led to sharp growth in the Israeli economy, the data published indicate a contraction of 1.6% in GDP in the first quarter of 2022 compared to the fourth quarter of 2021, in annual terms (ie, the result would be . The decline is in contrast to some of the preliminary estimates, which predicted a 2% increase in GDP in the first quarter. The decline in GDP may affect a series of policy decisions that are due to be made soon. The closest decision is that of the Bank of Israel's Monetary Committee next Monday regarding the interest rate in the...

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May 16, 2022

 strong winds hit the north of Israel: Damage to farmers is estimated at ten million shekels
48 Views Details

by Ifi Reporter

Category: Financial

On the night between Saturday and Sunday (May 14/15), very strong winds hit the north of the country, reaching speeds of over 100 km / h in many areas, including the Hula Valley, the mountain area, and the southern Golan Heights, and Beit She'an Valley. "The damage to farmers is estimated at ten million shekels

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May 15, 2022

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