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The Bank of Israel is on its way to becoming the "big brother" of Israeli citizens: it requires banks and credit card companies to provide it with comprehensive information on the consumer behavior of their customers, which it will centralize in a special database. The database will centralize the expenditure on each citizen's credit cards, the use he made of checks and the amount of cash he withdrew and how he conducted himself with the "grant per citizen" he received. In a letter sent by the Governor's Chief of Staff, Dr. Golan Benita, to the banks and credit card companies, he demanded...

Shufersal, a prominent player in the food retail sector, reported a remarkable 68% surge in operating profit for the second quarter of 2023 when compared to the same period in 2022. The figure stood at a staggering NIS 89 million. Despite this noteworthy profitability upswing, Yitzhak Abarkhan, the Chairman of Shufersal, has emphasized that the company is far from content. Sources indicate that the retail giant is embarking on another sweeping efficiency program, poised to significantly impact its financial landscape throughout 2024 and 2025

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...

In New Delhi, the capital of India, this week a unique activity was held jointly with the Ministry of Economy and Industry, Cyber ​​Array and Export Institute. As part of the activity, which is taking place in India for the first time, a delegation of Israeli companies conducted training, enrichment and knowledge sharing in the field of defensive cyber with government and private sector officials from all over India. Israeli companies have introduced solutions to the financial sector and critical infrastructure, such as companies 'and services' computing systems in the fields of transport,...

In the coming years, government agencies are expected to contract with many foreign companies through 100 infrastructure and energy tenders, whose total value is estimated at NIS 200 billion. The Ministry of Economy said today that the call made by Minister Cohen to his colleagues in the government that the need to require government-awarded companies to implement reciprocal procurement in these auctions stems from the evasion of government entities from the obligation on foreign suppliers to reciprocate in the Israeli economy. During the cabinet meeting, the head of the Industrial...

In a recent report released by the Central Bureau of Statistics (CBS) on Thursday, the number of job vacancies in the economy for July totaled approximately 116,948. This figure marked a slight decline from June, which had recorded about 122,228 vacancies. The vacancy rate continued its downward trend, currently standing at 3.7%

The National Poverty Report published by the National Insurance Institute shows data on an increase in the poverty rate in Israel in 2018 - among the general population as well as among children and families. The couple employed - rose. For the first time after years in which inequality in Israel was reduced, in 2018 it began to expand. Internationally, the poverty rate among children in Israel remains higher in the OECD - more than in Chile and Mexico - when only in Turkey is the poverty rate among children higher.

US cyber giant Proofpoint acquires Israeli cyber company ObserveIT for $ 225 million. To date, ObserveIT has raised more than fifty million dollars.Observer develops solutions to address enterprise security threats. The company was founded in 2007 by Gabi Friedlander and Avi Amos and in 2013 the American venture capital fund Bain Capital acquired a significant stake in the company. The company's headquarters are in Boston and the main development center - in Tel Aviv. The company's CEO, Mike McKee, sits in Boston. The director of the company's development center in Israel is Tal Tikotsky....

The Knesset's Finance Committee approved the law to reduce gender gaps in the labor market and raise the retirement age for women. Under the bill, the retirement age for women from age 62 to age 65 will be raised, over 11 years. The committee has approved a number of tools to make it easier for women to integrate into the labor market or reduce harm. The total cost will amount to about NIS 1 billion. The following are the various measures set forth in the law that will enter into force in January 2022 and were approved by the committee and the Knesset members who dealt with the issue, in...

About 27,000 PCR tests were conducted at Ben Gurion Airport on September 9-10, 16,388 of which were returned from Uman in Ukraine - and now the results are flowing: Returned on flights from Uman. On Friday, it was reported that the number of Israelis verified in Corona who returned from Uman was 156, but on Saturday evening it turned out to be a much higher and more serious figure. 117 of them were summoned for questioning on suspicion of falsifying the test results. The tests are performed by Pemi Premium, and are performed immediately upon the arrival of all those returning to Israel...