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A new record in the Bank of Israel's foreign exchange reserves rapidly approaching $ 200 billion. Foreign exchange reserves totaled $ 193.996 billion at the end of April 2021, an increase of $ 8.316 billion compared to the end of March. The balances constitute 48.1% of gross domestic product. The increase in balances is explained by foreign currency purchases by the Bank of Israel in the amount of $ 5.266 billion and transfers by the private sector in the amount of approximately $ 186 million. In addition, foreign currency reserves were revalued in the amount of approximately $ 3.129...

The Israeli economy grew by 3.3% in 2019, a slightly higher rate than forecast - the Central Bureau of Statistics published on Tuesday. According to a preliminary estimate for 2019, gross domestic product increased by 3.3% during the year compared to 2018, followed by a 3.4% increase in GDP in 2018 and a 3.6% increase in 2017. The CBS figures also indicate that the government and Social Security deficit stood at 3.54% of GDP in 2019, which is about NIS 50 billion. For example, last year the government deficit reached 3.19% according to the CBS, compared to 2.9% according to the Treasury...

The night curfew planned tonight in about 40 localities defined as "red" due to the high level of morbidity in them will take effect on Tuesday at 19:00, due to a delay in formulating the list of authorities. Yesterday, the Committee of Ministers for Restricted Areas approved a night curfew and transferred the education system to distance learning in red localities, and the ministers were supposed to decide today which localities would be included in the list. Formulation of the list of localities designated for the curfew includes a hearing: The professional teams subordinate to the...

In a powerful display of solidarity, thousands gathered in Tel Aviv on Saturday evening to rally for the release of individuals held captive by Hamas. Emotions ran high as family members, including Maayan Zim, whose daughter Dafna is among the abducted, took the stage to share their anguish and frustration

5 million people have died so far from corona and virus-related complications worldwide. This was reported on Saturday by the Reuters news agency, which noted that with the spread of the delta strain, most of the victims are not vaccinated. According to the news agency, the number of victims worldwide stood at 2.5 million after almost a year after the epidemic broke out, and another 2.5 million died within 236 days. According to Reuters, more than half of the deaths are from the US, Russia, Brazil, Mexico and India. Last week, Reuters noted that an average of 8,000 deaths were reported per...

Only 8,000 students (about half a percent of students in Israel) are studying financial education this year, according to a report by the Knesset's Research and Information Center (KRIC) ahead of a discussion on the subject to be held on Monday in the Knesset's Education Committee. The report, prepared by Dr. Eliran Zard for the committee's chairman, MK Sharan Hashakel, also shows a new hope, that in the 2009-2010 school year, before the Corona crisis, only 24,000 students studied the profession. These numbers are very low, despite That it is a profession that is considered by many to be...

Ministerial Committee on Declaration of Restricted Areas will convene tonight (Thursday) to announce the imposition of restrictions on a number of cities across the country following the rise in morbidity in Corona. The Ministry of Health has narrowed its requirements, leaving the list of cities of Raanana and Bnei Brak subtracted. The restrictions on the issue concern seven cities: Modi'in Illit, where all educational institutions over the age of 10. Beit Shemesh, which will also close educational institutions above these ages, and also complete closure in the Menucha and Nachala...

Significant increase in the number of respirators: According to data from the Ministry of Health, the number of corona patients in hospitals increased by 12 in half a day and reached 118, the most since the end of April, at the height of the first wave. The peak number of respirators was on April 13, when 137 corona patients who were connected to respirators were hospitalized in hospitals across the country. This is a sharp jump in the number of respirators in recent weeks. According to the data on July 1 there were 24 respirators, on August 1 the number jumped to 94 and this morning it...

IAI announces its entry into the onshore field and the establishment of an innovative plant in this area in Be'er Sheva. The plant's products will be at the forefront of global technology in areas such as ground autonomous robotics, terrestrial radar systems such as drone guard for disrupting skimmers and border radar protection. The establishment of the onshore plant in Be'er Sheva is part of the new strategy led by the board of directors and management of the aerospace industry. Tens of millions of shekels will be invested in the establishment of the plant to build innovative...

A recovery arrangement was signed between the Accountant General and the Israel Post in the amount of NIS 1.7 billion, along with a new collective agreement with the Post's workers' council. As part of it, out of the company's 5,000 employees, approximately 1,050 employees will be laid off in two phases - the first of which will be in December. The financing agreement consists of the sale of real estate of the post office - which has 700 branches throughout the country - to the state. The value of the assets to be sold is estimated at NIS 800 million. The state will also finance the...