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In the midst of a tumultuous period marked by conflict and tension, the Supreme Planning Council in the Civil Administration has given the green light for the promotion of approximately 3,000 housing units in Israeli settlements. The decision, approved amidst ongoing hostilities, underscores a significant move in the contentious Israeli-Palestinian landscape

Facebook announced that the conduct of Prime Minister Benjamin Netanyahu's Facebook page violated the company's rules and therefore suspended the page's chat bot activity for twenty-four hours. Facebook explains that all chat activity will stop for a day regardless of the content being distributed. That means all Likud campaign content will be blocked in Messenger, and not just texts that violate company rules. The company statement said that the texts posted on Netanyahu's Facebook page were "hate speech" and therefore violated the company's policy. According to the company announcement...

The American company Rapid 7 announced Monday the acquisition of the Israeli cyber intelligence company IntSights. The amount of the transaction will be close to $ 400 million and includes a component of the purchase of shares, cash existing in the company's coffers and an amount for employee retention. Following the acquisition, Insights is expected to become the development center of Rapid 7, in Israel. Insights was established in 2015 by Guy Nitzan (CEO), Gal Ben David (CTO) and Alon Arbetz (Director of the Development Center), all three graduates of various technology units in the IDF....

Veteran Veteran communications equipment company ECI, controlled by Shaul Shani, reports a merger agreement with Ribbon Communications for 32.5 million shares of Ribbon, plus $ 324 million in cash. In addition, as part of the agreement, ECI's shareholders will receive up to $ 31 million for real estate assets owned by the company. Sovereign investors, who operate in the field of secure cloud communications, are responding harshly to the move. Its stock (NYSE: RBBN) plunged NASDAQ by about 25%, reflecting a market cap of $ 347 million. The deal, including the stock component, reaches $ 486...

Israel Aerospace Industries has signed a NIS 1.2 billion ($ 350 million) contract with a major European state to sell intelligence aircrafts. Intelligence aircrafst are developed in the Elta division of Israel Aerospace Industries, the radar and intelligence house of Israel, a world leader in the field. Aerospace intelligence aircraft operate in Israel and many countries of the world and are considered to be strategically important. The aerospace industry is one of the few companies in the world with the ability to develop these unique technologies. The company's breakthrough in the field...

The new Prime Minister's plane took off this morning for a first test flight, a plane held by the pilot of the IAA pilot. The flight lasted between two and three hours, during which time the airplane systems were examined. This is the first test flight of a series of flights and further tests to be conducted later. Last Thursday, the plane, worth NIS 729 million, performed a convection test according to the test flight preparation protocol. In this convection test, hydraulic systems, brake systems, and ground steering systems were examined. During the preparation for the first run, light...

The crisis at El Al. Kenny Rosenberg, the controlling owner of the airline, is demanding $ 100 million in compensation from the state. In addition, it rejects the Treasury's claim that it did not meet the previous aid conditions and did not alienate the company with $ 43 million as part of the issuance of EL AL shares for $ 105 million, which did not materialize due to the fourth wave of the corona. El Al, which in its financial reports carries a living business note due to its debts, applied to the state following the fourth wave for additional assistance in the amount of $ 150 to 200...

Israel Natural Gas Lines Company inaugurated the natural gas pipeline to Jerusalem in a ceremony attended by Energy Minister Yuval Steinitz and Jerusalem Mayor Moshe Leon.This is an 18-inch, 34-kilometer-long pipe, costing NIS 290 million. The construction was done in two sections. The first part, the western one, starts close to the Sorek interchange on the Trans-Israel Highway and the second begins at the Zion Railroad station near Sha'ar Hagai. It ends at Beit Zayit. Only when this facility is completed can the gas flow to factories and consumers in the Jerusalem area. In 2020, the...

Education Minister Yoav Kish has declared a complete return to routine in the education system for schools located in green areas with no significant restrictions from the Home Front Command. Minister Kish expressed confidence that, barring any deterioration in the situation, the education system will resume normal operations starting next Sunday in these green zones

No less than 52% of the companies in the high-tech service industries reported in the first half of 2023 a reduction in personnel compared to the first half of 2022. This is according to the data of the Central Bureau of Statistics published on Monday. The company managers were also asked about the main cause of the economic damage to their company in the last six months. According to the CBS, the most significant cause of the damage was a decrease in demand for their company's product (about 36% of the companies defined it as such), followed by difficulties in raising venture capital...