News

Excellence Investment House aquired mutual fund company Alumot

Posted on Jan 10, 2020 by Ifi Reporter

The Excellence Investment House, managed by Hannah Hollander, is expanding: The company has today signed an agreement to acquire the mutual fund company "Alumot". Total assets managed -...

The Bank of Israel interest rate remains at 0.25%

Posted on Jan 9, 2020 by Ifi Reporter

The Bank of Israel interest rate remains at 0.25% - the Bank of Israel announced. This is in line with economists' estimates. While in recent months market estimates have expected the...

]Hapoalim Bank approved: voluntary retirement plan of 900 of the bank's employees

Posted on Jan 8, 2020 by Ifi Reporter

The Board of Directors of Bank Hapoalim approved a huge voluntary retirement plan of 900 of the bank's employees on Wednesday. Under the plan, employees who choose to retire will do so by...

SAP is hiring about 100 Big Data experts, software engineers, and team leaders in Israe

Posted on Jan 7, 2020 by Ifi Reporter

SAP has announced a significant hiring surge of about 100 Big Data experts, software engineers, and team leaders over the coming period. Gigya, which was acquired by SAP in 2017, is primarily...

Teva will pay $ 54 million to settle claims it bribed doctors

Posted on Jan 6, 2020 by Ifi Reporter

Israeli "Teva" pharmaceutical company will pay $ 54 million to settle claims that the company bribed doctors to prescribe copaxone drugs for the treatment of multiple sclerosis and...

Israeli marketing company Tremor has agreed to acquire the video company Unruly from News Corp

Posted on Jan 6, 2020 by Ifi Reporter

Israeli marketing company Tremor International has announced that it has agreed to acquire the video company Unruly from News Corp. in an attempt to thwart its video services by logging in to the...

The highest number of visitor arrivals was from the US- more than a million

Posted on Jan 6, 2020 by Ifi Reporter

Half of the 4.3 million Israelis going abroad in 2019 have flown more than once, according to CBS data for the peak year in Israeli tourism. In total, there has been an 8% increase in Israeli...

P.M Netanyahu decided to appoint MK David Bittan to Minister of Agriculture

Posted on Jan 5, 2020 by Ifi Reporter

Prime Minister Benjamin Netanyahu decided to appoint Deputy Minister Tzipi Hotobli to the Diaspora Minister, Minister Yifat Shaasha Biton  minister for Welfare Minister and Labor Deputy...

The average wage in October: NIS 10,501 - an increase of 2.1%

Posted on Jan 5, 2020 by Ifi Reporter

The average wage in October 2019 was NIS 10,501 - an increase of 2.1% compared to October last year. The Central Bureau of Statistics (CBS) released this on Sunday. Excluding the price index (ie,...

The Free Trade Area Agreement between Israel and Panama is in effect

Posted on Jan 5, 2020 by Ifi Reporter

The Free Trade Area Agreement between the State of Israel and the Republic of Panama comes into effect this weekend in early 2020. The agreement was signed by Minister of Economy and Industry, Mr....

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Newsline

Elbit won a huge contract from the Australian Army in the amount of about 600 million dollars

Feb 26, 2024 by Ifi Reporter

Elbit won a huge contract from the Australian Army in the amount of about 600 million dollars, to supply systems to the Hanwha Defense Australia company for the Land 400 Phase 3 project. The project is designed to provide the Australian Army with about 450 new-generation tracked APCs, which... Continue reading →

Government Salary Gender Gap Narrows Slightly in 2022 New Agreement Aims for Further Improvement

Feb 26, 2024 by Ifi Reporter

  According to the latest reports from the Ministry of Finance's Salary Commissioner, the average gross salary in government offices for 2022 stood at NIS 18,029 per month. However, a notable gender disparity persists, with women earning approximately 17% less than men on average,... Continue reading →

Finance Committee of the Knesset has approved an increase in Israel's Value Added Tax

Feb 22, 2024 by Ifi Reporter

In a move to address the significant deficit in the state budget, the Finance Committee of the Knesset has approved an increase in Israel's Value Added Tax (VAT) rate from 17% to 18%, effective January 1, 2025. This decision marks the first adjustment to the VAT rate since 2015 when it was... Continue reading →


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