Popular Articles

The Knesset plenum approved on second and third reading the economic assistance program - a one-time grant for each resident. According to the approved plan, every resident over the age of 18 will be entitled to a grant of NIS 750, and an additional grant of NIS 500 for each child up to the fourth child in the family. Starting with the fifth child, a grant of NIS 300 will be received for each additional child. Earlier, Social Security announced that if the law passes today, on Sunday the grants will be transferred only to parents of children under the age of 18, and later the rest of the...

The Israeli fintech company Credorax - which recently changed its name to Finaro - is being sold to the American payment and clearing giant Shift4 for $ 575 million. Cardorex is a clearing company that focuses on international transactions. It was founded in 2007 by Bnei Nachman, currently the company's chairman, Eugene Volkov and Michael Feinstein. It is estimated that the company is expected to end the current year with a clearing of $ 15 billion. Cardorex has raised $ 155.6 million so far, according to startup Nation Central, and its most recent round of funding was in 2016. The...

In a landmark move, the Director General of the Ministry of Defense, Maj. Gen. Eyal Zamir, has officially signed a contract for the sale of Israel's cutting-edge air defense system, "Kele David" (Magic Wand), to Finland. The deal, valued at 317 million euros (1.3 billion shekels), marks the first international sale of Rafael's highly acclaimed missile defense system

Registration for the second lottery for the apartment at a reduced price has ended. 112,625 households registered this time for the lottery, which ended yesterday (Sunday) at 11:59 PM, and which included 5,499 discounted apartments in 25 localities throughout the country. The results of the current lotteries will be announced in August. While apartment prices continue to rise, demand for discounted apartments is also at its peak. The current lottery joins the first lottery in which about 120,000 eligible people registered and won over 10,000 households in the apartment at a discount....

The identities of the two individuals murdered in a missile barrage in Kiryat Shmona have been released. Dvir Sharvit, 43, originally from Kiryat Arba, and Roital Yehud, 45, formerly of Eilat, were struck while walking their dogs near their home. The couple had moved to Kiryat Shmona two years ago

Osem-Nestle has published a document to the food chains about the expected move in which product prices will rise in the various catalogs of the company's brands. In the document, Osem clarified that it intends to raise prices by more than 5% for all products. At the same time, Osem Nestlé clarifies that the "Materna" brand products will not be included in the price change round and will remain at their stated prices today. Osem is one of the three largest companies that hold the largest market shares of food products in the country, with 7.5% of all products marketed in the country. In...

In the summer event of Cisco Israel Together As One - Cisco Summer Celebration Hundreds of customers and business partners who are an inseparable part of Cisco's success and success in Israel attended a festive event at the Beshva Auditorium in Tel Aviv. As part of the event, Cisco Israel CEO Oren Sagi told excitedly about the huge project to restore the moon landing, and when they launched Apollo 11, a team of 400,000 people worked on the project, without the Internet, without mobile phones or personal computers. Today, fifty years later, Cisco's innovative technologies will be used by...

The Israeli buyers do not give up the traditional shopping days. According to the data of the clearing company Automatic Bank Services (SBA), the expenses of Israelis on credit cards amounted to more than NIS 887 million following Black Friday sales in Israel. This is a 19% increase compared to the corresponding expenses last year, which amounted to NIS 745 million. The Sheba company data refers to purchases both in the physical stores and online purchases, last Friday November 25 between the hours of 8:00 and 15:00 (opening hours of the physical stores). At the level of daily spending,...

Amazon has confirmed that it is acquiring Israeli start-up Cloud Andndure, which is developing solutions for the public cloud. It is estimated that the purchase amount is around $ 250 million. Cloud Andor, based in Ramat Gan, was founded six years ago and has since raised $ 20 million. The founders of Cloud Andor are CEO Ofer Gadish, Gil Shai, Ofir Ehrlich and Leonid Feinberg, who have invested in the company's corporate venture capital fund, Magma Venture Capital, Zohar Gilon and the InfoSys fund

Transport Minister Merav Michaeli and Finance Minister Avigdor Lieberman announced at noon (Sunday) a reform that will significantly reduce public transportation prices and take effect this summer. At a press conference, Michaeli accused that "the Ministry of Transportation has neglected public transportation for years - and traffic jams have accumulated." After the reform, a national free-monthly ticket will cost only NIS 225. In the Negev, the Galilee and all localities outside the metropolitan areas of Jerusalem, Gush Dan and Haifa, there will be a free regional ticket for only NIS 99,...