News

Azrieli real estate will purchase Har Zion Hotel in Jerusalem, for NIS 275 million

Posted on Dec 9, 2019 by Ifi Reporter

Azrieli real estate company signed agreement to purchase Har Zion Hotel in Jerusalem, for NIS 275 million. Azrieli will acquire the hotel from Shlomo Eliyahu (owner of Migdal Group), as part of...

Pelephone and Bezeq International announced a new labor dispute

Posted on Dec 9, 2019 by Ifi Reporter

Pelephone and Bezeq International announced a new labor dispute through the General Histadrut, after the management negatively responded to their request to enter into further negotiations...

Economy ministry helped 59 companies who employed disabled workers

Posted on Dec 7, 2019 by Ifi Reporter

The Ministry of Economy and Industry Investment Authority summarizes the dedicated path for integrating people with disabilities into the free market for 2019. These are people whose participation...

Foreign exchange reserves totaled $ 122.4 billion

Posted on Dec 7, 2019 by Ifi Reporter

Foreign exchange reserves totaled $ 122.4 billion at the end of November 2019, an increase of $ 1,022 million from the end of the previous month. The balances account for 31.9 percent of gross...

The government deficit in the last 12 months amounted to 3.7% of GDP

Posted on Dec 5, 2019 by Ifi Reporter

The Treasury announces that the government deficit in the last 12 months amounted to 3.7% of GDP in the past month, significantly higher than the annual target of 2.9% of GDP. Government...

"Sabbatical pay for private sector employees in 4 election days cost is NIS 6 billion"

Posted on Dec 4, 2019 by Ifi Reporter

The Manufacturing Association's Economic Research Department reports on Wednesday that it will pay sabbatical pay for private sector employees on four sabbaticals. The cost is NIS 6 billion....

Success in the early stage of issuing Cellcom shares and options: chose NIS 300 million

Posted on Dec 3, 2019 by Ifi Reporter

Success in the early stage of issuing Cellcom shares and options. In the institutional tender, demand for NIS 505 million was recorded, of which Cellcom chose to accept NIS 300 million in bids....

Kamada Pharmaceuticals signed a new marketing agreement in Israel for 6 new products

Posted on Dec 2, 2019 by Ifi Reporter

Kamada Pharmaceuticals today announced the signing of a new marketing agreement in Israel for 6 new products, imitations of biological drugs (biosimilers), including osteoporosis drug (bone...

Cellcom will start a capital raising process of NIS 400 million

Posted on Dec 1, 2019 by Ifi Reporter

Cellcom telecommunications company 2.9% reported that the board of directors has ordered the company to start a capital raising process of NIS 400 million through the issuance of shares and...

The Bank of Israel's Supervisor of Banks, Hedva Bar to retire in April 2020

Posted on Dec 1, 2019 by Ifi Reporter

The Bank of Israel's Supervisor of Banks, Hedva Bar, prepares for her retirement in three months and will retire in April 2020 instead of July 2020 at the end of five years. Bar took office...

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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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