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The Lod District Court sentenced former Kfar Saba mayor Yehuda Ben-Hamo to 24 months in prison, who was convicted last October of theft by a public official, receiving anything fraudulently under aggravated circumstances, and fraud and breach of trust. The days of his son-in-law's detention will be deducted from the prison sentence, which he will begin serving on June 19. He was also fined NIS 200,000. The court emphasized in its decision that "this is not a one-time stumble - the goal was to make money. Ben Hamo's part in a major case is the perpetrator of the offenses." The sentence was...

In a move that has raised eyebrows and sparked controversy, the Ministry of Finance has submitted a request to the finance committee for substantial budget transfers, totaling hundreds of millions of shekels. The funds are primarily intended to bolster ultra-Orthodox education and yeshivas, along with other religious initiatives

The Organization for Economic Cooperation and Development (OECD), the organization of developed countries of which Israel is also a member, warns the Israeli government and recommends that it not increase government spending in a broad and permanent way, since such an increase may increase inflationary pressures and result in the need for a tightening of monetary policy, that is to say, Additional interest rate increases - this is what the organization's economists write in an updated global report published today (Tuesday). The organization also estimates that the level of interest in...

Another huge acquisition for Intel in Israel: The company signed a deal with Moovit on Monday. The public transport travel app, with 775 million users worldwide, operates in 45 languages, in 3100 cities located in 102 countries. The value of the transaction is estimated at $ 1 billion. In its early years, Moovit focused on free end-user service, but in recent years its business model has expanded. As part of the new model, Mobit offers its various cities and authorities technology as an infrastructure through which they can map and improve their public transport systems.

Google has started operating its servers in Israel and Partner has already started gradually connecting its customers to the company's servers, mainly DNS servers. This means: connecting to a local server and not to the servers abroad that the providers use today, which allows faster access to websites and applications (but not a higher browsing speed) as well as less congestion during peak hours. That is, the consumer will enjoy faster updates now, than through the Internet provider His

In the first quarter of 2024, Israeli start-up companies raised an amount of approximately $1.6 billion, within 105 fundraising rounds, according to new data from the high-tech report "Tech Review" compiled by Leumitech, the high-tech banking arm of Bank Leumi, and the research company IVC. The total amount of the recruitment is an increase of about 10% compared to the previous quarter. However, compared to the corresponding quarter last year, the total amount raised in the first quarter of this year is approximately 10% lower than that of 2023. \

Teva is stepping up the pace of arrangements to resolve lawsuits hovering over its head regarding its involvement in the narcotics (opioid) painkiller affair, which has resulted in the deaths of 500,000 Americans in the past 20 years. Teva, which is managed by Kor Schultz, has reached an agreement with the Attorney General of the State of Florida and all the arms of the administration, which will settle all the lawsuits filed by the administration against Teva in the opioid case. Under the arrangement, Teva will pay Florida $ 177 million over 15 years, and will provide Florida with the...

The Bank of Israel is unlikely to lower its interest rate shortly, despite expectations of rate reductions in other countries, including the United States and the Eurozone. The central bank recently maintained the interest rate at 4.5%. In an interview with Ynet, Bank of Israel Governor Prof. Amir Yaron indicated that reducing the basic interest rate is improbable even within the first two quarters of 2025, given the current economic and geopolitical situation

After endless discussions between the Ministry of Finance and the Ministry of Public Security, the government approved the export of medical cannabis from Israel. This is the approval of a draft resolution proposed by Minister of Finance Moshe Kahlon to export cannabis products to countries where use is permitted. The decision was approved only after the Ministry of Finance and the Ministry of Public Security reached an agreement, in which the police budget for enforcement of the field will increase in accordance with the expansion of cannabis production in Israel and after the completion...