News

El Al has begun the process of dismissing 71 pilots based on seniority

Posted on Feb 23, 2021 by Ifi Reporter - Dan Bielski

El Al has begun the process of dismissing 71 pilots. The move is based on seniority, meaning the 71 candidates for dismissal are the pilots with the lowest seniority. The dismissals of 71 pilots...

Phoenix Insurance Company has decided to dissolve Hellman Aldubi

Posted on Feb 23, 2021 by Ifi Reporter - Dan Bielski

The Phoenix Insurance Company has decided to dissolve Hellman Aldubi. After acquiring the investment house, the company agreed to sell the pension funds managed by Hellman Aldubi to Meitav Dash...

Histadrut chairman Arnon Bar-David initiated vaccinations at work places

Posted on Feb 22, 2021 by Ifi Reporter - Dan Bielski

The rate of vaccination among the general public is still unsatisfactory, and it has not yet reached the desired levels. Histadrut chairman Arnon Bar-David ordered cooperation with the Ministry of...

As expected: the interest rate stayed unchanged at 0.1%

Posted on Feb 22, 2021 by Ifi Reporter - Dan Bielski

Bank of Israel left, as expected, the interest rate unchanged at 0.1%, the Monetary Committee headed by the Governor of the Bank of Israel, Prof. Amir Yaron, announced today (Monday). Background...

El Al is preparing to lay off about a third of its employees

Posted on Feb 21, 2021 by Ifi Reporter - Dan Bielski

El Al is preparing to lay off about a third of its employees. The company's human resources department will inform employees who are candidates for dismissal on Monday about the intention to...

Enforcement and Collection Authority report: Sharp increase of 80% in public complaints

Posted on Feb 21, 2021 by Ifi Reporter - Dan Bielski

The Enforcement and Collection Authority published today (Sunday) the Public Complaints Report for 2020, which shows that there was a sharp increase of 80% in public complaints compared to the...

IAI is expanding its family of electro-optical payloads: MegaPOP system

Posted on Feb 18, 2021 by Ifi Reporter - Dan Bielski

The aerospace industry is expanding its family of electro-optical payloads (EO / IR): the company presents the MegaPOP system - an advanced, state-of-the-art electro-optical payload system, the...

Tower reports revenue of $ 345 million with a forecast range of 5% up or down

Posted on Feb 17, 2021 by Ifi Reporter - Dan Bielski

Tower reports earnings of 28 cents a share compared to analysts' earnings of 33 cents a share. On the top line, the company reports revenue of $ 345 million compared to expectations of $ 340.9...

Palo Alto networks acquires the Israeli start-up BridgeCrew for $ 200 million

Posted on Feb 16, 2021 by Ifi Reporter - Dan Bielski

The American cyber company Palo Alto acquires the Israeli start-up BridgeCrew for $ 200 million, the company announced today (Tuesday). Palo Alto will pay $ 156 million in cash and another $ 44...

El Al raised NIS 250 million in an options issue to reimburse flight ticket buyers whose flights were canceled

Posted on Feb 16, 2021 by Ifi Reporter - Dan Bielski

El Al raised NIS 250 million ($ 77 million) in an options issue. Eagles Wings, controlled by Eli Rosenberg, bought options for $ 50 million and institutional investors bought options for $ 27...

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