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The mortgage market continues to boil: Bank of Israel data show that the volume of new mortgages taken out in February was NIS 7.3 billion, a jump of 19% compared to February last year, and of 11% compared to the average in the last 12 months. Similar to January, the average mortgage amount reached NIS 800,000 in February. The banking system notes that the strong data are due to high demand, for fear of continued price increases, and the lack of a plan to address the supply in the housing market on the horizon. In addition, economic uncertainty diminished with the gradual return to...

"The ongoing uncertainty surrounding the legal reform constitutes a significant negative risk to Israel's economy." This is what the report of the International Monetary Fund claims. According to the organization's economists, in the case of a pessimistic scenario surrounding the reform, growth per capita is expected to be reduced to only 1.5%-1.6% in the next two years (2023-2024), which reflects negative economic growth per capita (the natural increase in Israel stands at 2%). According to the report, "Protests and social conflicts have accompanied the economic uncertainty, which, if it...

A day after the announcement of the signing of a memorandum of understanding between El Al and Arkia, it seems that the completion of the move faces significant obstacles. Among EL AL employees, there was unequivocal opposition to the outline of the emerging agreement that would allow Arkia employees to hold EL AL shares. According to the agreement, the merger between El Al and Arkia will be done by an exchange of shares, so Ask Al will acquire full ownership in Arkia in exchange for allocating 10% -14% of its shares after the merger to Arkia owners: the Nakash family (70%) and a strawberry...

43 people have been diagnosed as positive for the Corona virus in the last day. This is according to the Ministry of Health data released on Tuesday evening. This represents an increase of 0.26%. Since Saturday night, only 104 new patients have been diagnosed. It has been over a week that the daily growth rate does not exceed one percent. 5,586 people are now defined as active patients, and 10,465 have recovered. In the last day, there was also a 4% increase in the number of recoverers. 91 of the patients are in a difficult situation - only one patient increase compared to yesterday....

Representatives of Israel abroad begin voting - for the second time in 5 months: 13 days before Election Day in Israel, and there are those who are already throwing a ballot. Over 5,000 Israeli voters who are abroad due to their work will elect their representatives for the 22nd Knesset. The last time they took part in the democratic process was only last April, so the elections were held for the 21st Knesset. State employees and representatives of national institutions serving abroad may elect to represent the country in which they serve. Among the voters: civil servants (including...

Shikun VeBinui is the winner of the tender for the construction of the intelligence complex in Likit, whose construction cost is estimated at NIS 3-2.5 billion. This was announced by the director of the move south to the Ministry of Defense. This is a PFI tender in which the winning company will finance, plan, build, operate and maintain the complex - which is expected to contain 350,000 square meters that will be built on an area of ​​2,500 dunams - for 26 years. The Blikit Intelligence Campus is the latest and most complex tender issued by the defense establishment as part of the IDF's...

The households of the Arabs in Israel are very vulnerable in relation to the households of the Jews, and accordingly suffered more severe damage during the Corona period, according to a report published by the Bank of Israel. The main reasons for this are low income and savings and lack of adequate infrastructure. The report noted that even before the corona, the Arab household was vulnerable: its average monthly income in 2018 was NIS 12,000 on average, compared with 18,000 in a Jewish household - a gap of 32%. 45% of Arab households are below the poverty level. Only in 29% of Arab...

After the government approved last night (Sunday) the proposal for the establishment of metropolitan transportation authorities by the Minister of Transportation, MK Merav Michaeli, which should allow, with the advancement of the legislation, the delegation of powers to the authorities to run public transportation tenders on Shabbat, the question arises whether the heads of the local authorities who will head the metropolitan areas are even interested in this.

Intel's suppliers recently received notices of contract cancellations, halting equipment and material supplies for the expansion of the company's new factory. The Ministry of Finance was aware of Intel's decision to halt the expansion