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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...

Cyber ​​company Orca Security closed a $ 550 million capital raising round, valued at $ 1.8 billion. This is an extension of a series C round that was announced earlier this year in the amount of $ 210 million. The company has since expanded its round by raising an additional $ 340 million, which has increased the company's value by about 50%. In total, Orca has raised $ 640 million since its inception, $ 605 million of which has been raised in less than a year. The round was led by the Singapore Government Investment Fund Temasek. Which is one of the largest investors in the world,...

The Omicron variant could jeopardize the global growth trend and lead to a continuation and worsening of inflation, the OECD report published today (Wednesday) states. Total government and domestic product. According to OECD forecasts, the debt-to-GDP ratio will improve more rapidly relative to previous forecasts by local bodies. The organization expects that the ratio of public debt to GDP will decrease. According to the OECD, following the jump in debt raising, the ratio reached 71.5% in 2020, and it remained the same in 2021. However, as early as 2022, the debt-to-GDP ratio will begin...

118 new corona patients have been diagnosed in Israel in the last 24 hours, 93 of them since midnight. This is according to the Ministry of Health data released this evening (Thursday). According to city data, the new patients were found in dozens of localities and not in a small number of localities, as they were in recent weeks. The number of infections in Israel stands at 17,495, of which 15,013 have recovered and 291 have died - so the number of active patients is 2,191

In a surprising move, the Israeli Defense Forces (IDF) announced late last night the lifting of restrictions on educational activities imposed by the Home Front Command. The decision, made without advance warning to authorities, sparked chaos across the country, leaving schools and summer camps unprepared for a sudden return to normalcy. Education Ministry Caught Off Guard The Ministry of Education, caught off guard by the abrupt announcement, struggled to implement the directive. Despite plans for a gradual return to activities, most educational institutions remained closed as...

Israel's consumer price index for September has dropped by 0.1% compared to August, leading to a decrease in the annual inflation rate from 4.1% in August to 3.8%. The unexpected drop in inflation is bolstering expectations that the Bank of Israel will not raise interest rates at its upcoming October meeting, taking into account the slowing inflation and the economic impact of the recent conflict.

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...

Israel has a budget for next year and 2022. The Knesset approved the Budget Law on second and third reading. Sixty-one MKs supported the budget law and fifty-nine opposed yesterday. Friday's vote for the 2022 budget 59 MK supported and 56 MK opposed. Thus, the possibility of overthrowing the government was avoided due to the failure to transfer the budget on time. Knesset members from the coalition hugged at the end of the vote and some of them were photographed on their mobile phones. This morning, the plenum will continue to vote on the other budget laws: the budget law for the year...

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...