Ifi Reporter

Ifi Reporter
Member since May 5, 2016
Israir required all 470 employees to take a seven-day forced leave and prepares 5% lay off
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Israir required all 470 employees to take a seven-day forced leave and prepares 5% lay off

Prime Minister Benjamin Netanyahu will hold a special status tomorrow morning on the issue of the Corona virus in the Ministry of Health, with the Minister of Health, Litzman, the government ministers, office managers, hospital CEOs and other senior officials. The Corona crisis is heightening the concern among airlines around the world that there will be a real decline in the volume of business and private flights. Israir required all 470 employees to take a seven-day forced leave, which they will have to take by April, due to a sharp drop in February-March bookings. In addition, the...

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Feb 22, 2020

Corona panic: 180 Be'er Sheva and Afula students in isolation: had contact with infected tourists
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Corona panic: 180 Be'er Sheva and Afula students in isolation: had contact with infected tourists

by Ifi Reporter

Category: Health

Corona panic: 30 students from Be'er Sheva and Afula who were on site at the Mesada National Park where the group from South Korea visited were taken to isolation. Avner Biton, chairman of the Be'er Sheva Municipal Parent Committee, said: "We will follow the guidelines of the Ministry of Health and the Ministry of Education. We need to keep alert and the guidelines. You have to remember not to panic. " The Ministry of Education said: "In the wake of the concern that 30 students were in the vicinity of a group of tourists from the south reading and the Ministry of Health's instructions to...

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Feb 22, 2020

Eldad Fresher, CEO of Mizrahi Tefahot Bank, who announced his intention to terminate his term
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Eldad Fresher, CEO of Mizrahi Tefahot Bank, who announced his intention to terminate his term

by Ifi Reporter

Category: Financial

In less than a year, the four CEOs of the largest banks are retiring or announcing their retirement from the banks. The current entrant is Eldad Fresher, CEO of Mizrahi Tefahot Bank, who announced "his intention to terminate his term in the coming months after seven years in office" The Bank's financials for 2019. The Bank stated that "the date of Fresher's term of office has not yet been determined." The bank said at a meeting of the board of directors that Fresher said that "the bank's exceptional performance in recent years, we have succeeded in meeting the strategic plan's goals two...

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Feb 20, 2020

Kar Shulz: Teva reduced the debt by $ 9 billion since my arrival - share price plunged 9%
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Kar Shulz: Teva reduced the debt by $ 9 billion since my arrival - share price plunged 9%

by Ifi Reporter

Category: Financial

Teva's share price plunged more than nine percent last night following CEO Car Schulz's press conference that expressed optimism about Teva's ability to exit its negative period in recent years and its failures in acquiring Actbis and its huge debts. The CEO said that "2019 was a good financial year, we met all the forecasts we made. Revenues totaled $ 16.9 billion, free cash flow was $ 2.1 billion. Very similar to what we planned earlier this year and we are very pleased." Schulz also said that nature has 35,000 products, "but some of them have a big impact on outcomes, such as ostado for...

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Feb 20, 2020

"The average monthly income of the upper decile is 12 times greater than of the lowest: NIS 66,584"
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"The average monthly income of the upper decile is 12 times greater than of the lowest: NIS 66,584"

by Ifi Reporter

Category: Politics

The average monthly income of the upper decile is 12 times greater than the income of the lower decile - according to a report from the Ripple Center, published Wednesday, which shows an increase in income gaps between the rich and the poor. In addition, the report shows that most rental income goes to the top deciles and that the middle class in Israel is the smallest in the OECD countries. According to the report, in 2018, the average gross income of households headed by an employee was NIS 66,584 in the top decile - compared with 5,501 in the lower decile only. In the last three years,...

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Feb 20, 2020

Cellcom  acquires Golan Telecom for NIS 720 million with 920,000 subscriptions
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Cellcom acquires Golan Telecom for NIS 720 million with 920,000 subscriptions

Just less than a month ago, Avi Gabay signed a collective bargaining agreement with the workers' committee, which his predecessor, Nir Stern, failed to advance in a few months. Gabay realized he had no choice - if he didn't rush to sign a deal, his competitors could be ahead of him and sign a merger deal and weaken Cellcom. The company offered Golan NIS 720 million (including a NIS 130 million debt waiver) and, according to market officials, is expected to return the investment in three years. Cellcom is actually streamlining. Today it spends tens of millions on customer recruitment and...

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Feb 18, 2020

The criminal trial of Israeli Prime Minister Benjamin Netanyahu will begin on March 17th at 1500
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The criminal trial of Israeli Prime Minister Benjamin Netanyahu will begin on March 17th at 1500

by Ifi Reporter

Category: Law

The criminal trial of Israeli Prime Minister Benjamin Netanyahu will begin on March 17, 2020 at 3:00 pm - Jerusalem District Court judges Rebecca Friedman-Feldman, Moshe Bar-Am and Oded Shaham will discuss the prime minister's case. The trial will open with the indictment. However, the evidence process in the case is only expected to begin in about six months. We note that the Knesset elections will be held on March 2, two weeks before the trial opens. According to the decision, the March 17 hearing will be held on the status of the defendants. That is, Netanyahu will have to come to the...

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Feb 17, 2020

CBS: GDP increased by 4.8% in the 4th quarter of 2019 and 3.5% yearly
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CBS: GDP increased by 4.8% in the 4th quarter of 2019 and 3.5% yearly

New data received from the Central Bureau of Statistics (CBS) led to an update of the GDP in Israel in GDP in 2019 to 3.5%, while the previous CBS publication, as of December 31, estimated The growth by 3.3%. The update shows that the economy grew faster last year than in 2018 - where GDP grew by 3.4%. GDP per capita grew by 1.6% in 2019, compared with 1.4% in 2018 and 1.3% by 2019, according to the December estimate. According to the new CBS data released today, the growth rate in the second half of 2019 was 3.8% (annualized, compared with the previous half). This figure indicates...

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Feb 16, 2020

Seagate a manufacturer of data management solutions opens Lyve Labs Innovation Center in Israel
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Seagate a manufacturer of data management solutions opens Lyve Labs Innovation Center in Israel

by Ifi Reporter

Category: Hitech

Seagate a leading manufacturer of storage and data management solutions in the world, officially opening the Lyve Labs Innovation Center in Israel. The goal of Seagate Lyve Labs in Israel is to collaborate with high-tech companies and enable innovation through simple, secure and effective means of working with databases and large amounts of data. This giant international initiative will enable the smooth flow of information across various systems and optimize their business value in-flight as well as at-rest

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Feb 15, 2020

israeli Cybereason: Arabic speaking attackers seduce Palestinian officials to click malicious links
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israeli Cybereason: Arabic speaking attackers seduce Palestinian officials to click malicious links

by Ifi Reporter

Category: Hitech

In recent months, a series of cyber attacks in the Middle East have been discovered, with the targets being targeted by Palestinian officials. Their purpose is to spy on mobile phones of the authority, to open a camera without the knowledge of the device owner, listening to what is happening in the environment and stealing files and information. The attacks were detected by the Nocturnus research group, the Israeli cyber company, which followed the series of attacks. The data analysis shows parallels to attacks previously made by hackers using the nicknames "MoleRATs" and "The Gaza...

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Feb 15, 2020

Flywire  announced the acquisition of Israeli startup Simplee for about  $ 100 million
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Flywire announced the acquisition of Israeli startup Simplee for about $ 100 million

by Ifi Reporter

Category: Start Up

Flywire has officially announced the acquisition of Israeli startup Simplee. It's Founder and CEO Tomer Shoval will be named Senior Vice President for Sales, Business Development and Strategic Accounts at Flywire. At the same time, Flywire announced the completion of a new $ 120 million round of funding led by Goldman Sachs, which will support the acquisition in part. "The acquisition is accelerating the digitization of payments to address the challenges associated with patient engagement and funding in the medical market," the statement said. "By integrating the Playwire platform with...

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Feb 14, 2020

2019: sharp 42% surge in demand and of new apartments - prices rose 3% in November-December
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2019: sharp 42% surge in demand and of new apartments - prices rose 3% in November-December

by Ifi Reporter

Category: Real Estate

In 2019, there was a sharp 42% surge in demand and sale of new apartments for sale. According to CBS data released, the number of homes wanted - for sale (ie, for self-construction, purchase groups, rental, etc.) - was 50,270 in the past year, while in 2018 only 40,799 - a 23% increase . Over the past decade, in 2015 alone, there was a higher demand for apartments - 51,000. In mid-2015, Finance Minister Moshe Kahlon launched a price plan for the resident, which allows the purchase of an apartment at a discount of hundreds of thousands of shekels to households that do not own an apartment....

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Feb 14, 2020

Israel parted ways with the light rail franchise in Jerusalem, after third of the operating period
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Israel parted ways with the light rail franchise in Jerusalem, after third of the operating period

by Ifi Reporter

Category: Government

The state parted ways with the light rail franchise in Jerusalem, after passing only one-third of the operating period stipulated in the contract between them. The finance and transportation ministries announced yesterday that they have signed an agreement with Citypes to buy the project back into the state. The state has decided it wants a single entity to operate all light rail lines in the city. Therefore, the state will transfer the concession on the lines to the Shafir Group and the Spanish CAF, which were awarded the Green Line tender and now receive the red. Two more lines are now...

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Feb 13, 2020

"Israelis were most motivated to travel for nature (63%), beach (54%) and shopping (52%)"
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"Israelis were most motivated to travel for nature (63%), beach (54%) and shopping (52%)"

Global travelers took on average six trips in the last year according to Agoda, one of the world’s fastest growing digital travel platforms. Agoda unveils insights from its Global Travel Usage and Attitude Survey, as it announces plans to expand in Israel ahead of its participation in the 26th International Mediterranean Tourism Market (IMTM) event in Tel Aviv. In Southeast Asia, where Agoda is headquartered, the number of trips annually is seven, compared to travelers from United Kingdom, United States and Australia who traveled four times in the past year. Meanwhile in Israel, people...

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Feb 13, 2020

The UN published a report listing the names of West Bank-based settlements companies
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The UN published a report listing the names of West Bank-based settlements companies

by Ifi Reporter

Category: Government

The United Nations Human Rights Council has published a report listing the names of West Bank-based settlements companies in accordance with the UN Security Council resolution passed in 2016. According to the UN, 112 businesses appear to have a reasonable basis for There are connections to settlements - 94 of them in Israel and 18 in six other countries. The report is for public knowledge, and it is not a UN sanctions on Israel and the settlements. The list may be used by anti-settlement activists around the world to exert pressure on their governments not to invest in companies listed...

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Feb 12, 2020

Teva published encouraging  financial statements: It's stock jumped at Wallstreet 9.2%
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Teva published encouraging financial statements: It's stock jumped at Wallstreet 9.2%

by Ifi Reporter

Category: Financial

Teva presents encouraging results for the fourth quarter of 2019. The company's revenue was $ 4.6 billion, compared to an average analyst forecast of $ 4.35 billion. Net profit reached 62 cents a share, one cent above expectations. The forecast assumes another $ 1.2 billion contraction in Copaxone sales. Ostado sales are expected to rise from $ 412 million to $ 650 million by 2020, while Ajobi will reach $ 250 million after barely scrapping $ 100 million in 2019 (and disappointing investors, who expected $ 150 million in revenue ). Teva's business results impressed investors on both the...

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Feb 12, 2020

 Corona virus threat:  El Al estimated the damage it would suffer  would amount to $ 30 million
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Corona virus threat: El Al estimated the damage it would suffer would amount to $ 30 million

by Ifi Reporter

Category: Health

The aviation world is experiencing a severe upheaval due to the Corona virus. This week, Globes reported a 19% drop in worldwide orders, a double drop reflecting the Asian airline market. Airlines operating east flights are the first to be hit. In a statement to the El Al stock exchange, it estimated that the damage it would suffer from the Corona virus would reach $ 30 million. The airline reported to the stock exchange that it "regularly monitors developments in the world in connection with the Corona virus and examines the implications for its operations." The company estimates that in...

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Feb 11, 2020

 Ministry of Finance: purchase of apartments at a price lottery for consumers recorded an increase
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Ministry of Finance: purchase of apartments at a price lottery for consumers recorded an increase

by Ifi Reporter

Category: Real Estate

A review of the residential real estate industry in December 2019, conducted by the Chief Economist at the Ministry of Finance, showed that the purchase of apartments at a price lotary for the consumer recorded an increase - compared with a decrease recorded in the purchase of second-hand apartments. Investors also purchased apartments in the Tel Aviv area, mainly due to a large sales operation of New apartments, but decreased in apartments in other areas. The survey shows that in December 2019, there was a 6% increase in apartment purchases compared to December 2018, while the new...

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Feb 10, 2020

 Taub Center: achievements of school children from wealthy Arab sectors in some cases exeed the Jews
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Taub Center: achievements of school children from wealthy Arab sectors in some cases exeed the Jews

by Ifi Reporter

Category: Government

The large gaps between Jews and Arabs in educational attainment are not due to sectoral or cultural differences but to income differences. This is evident from a study published by Nahum Blass of the Taub Center for Policy Studies. It turns out that the big gaps stem mainly because the Arab sector is much poorer than the Jewish sector. When comparing the achievements of the same economic strata, the achievements of the Arabs are compared to the Jews, and in some cases even exceed them. Blass points out that the gap between Jews and Arabs in the Mitzvah and even adulthood tests has narrowed...

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Feb 10, 2020

Corona: Extended the stay of 1,700 Chinese construction workers, El Al stops flying to Hong Kong
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Corona: Extended the stay of 1,700 Chinese construction workers, El Al stops flying to Hong Kong

by Ifi Reporter

Category: Government

The government approved the construction and housing minister Yifat Shasha Biton's proposal to extend his stay in Israel to 1,700 Chinese construction workers. According to the decision, which is intended to prevent damage to construction and infrastructure projects in Israel. The workers' residence permit will be extended until the end of June 2020 following the postponement of the arrival of new workers from China following the virus. The worrying outbreak in China of the Corona virus that has infested thousands of people and has already taken the lives of hundreds of victims,...

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Feb 9, 2020

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