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A new report from the Manufacturers Association indicates that the downward trend from which Israeli exports are also suffering in the coming quarter, with a further decline of about 2%. This is at the same time as the output of Israeli industrial companies' overseas production lines is projected to jump 17%, after falling in the last quarter of 2019. President of the Manufacturers Association, Shraga Brosh: "The Bank of Israel should concentrate on its goals of strengthening the economy and improving the competitiveness of exports and will not act to introduce uncertainty in the Israeli...

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...

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 average credit to a household in Israel in 2020, the first corona year, amounted to NIS 246.6 thousand, most of which was bank credit. This is an increase of only 2.3% compared to 2019, when the average credit amounted to NIS 240.7 thousand. At the same time, this is a much sharper increase of about 17% compared to 2016, when the average household credit amounted to NIS 219.1 thousand.

The Israeli start-up Innoviz, which develops Lidar sensors that help autonomous vehicles identify their surroundings, announced today (Friday) that it will be listed for trading on NASDAQ in early 2021. The registration will be done by a merger with SPAC called Collective Grot. (Collective Growth) Collective is a content public company that has raised $ 150 million for one purpose - locating a private merger company. In such a merger process, Invis is expected to gain access to the Spock funds and another $ 200 million from investors, including institutional entities such as the Phoenix...

The number of job vacancies in October fell by 2%, from 55.5 thousand in September to 54.5 thousand; This is compared to about 100,000 vacancies at the end of 2019. This is according to data published by the Central Bureau of Statistics. The vacancy rate in October was 2.3%, compared with 2.32% in September. The low number of job vacancies is not just a result of the second closure: even in summer the number of job vacancies did not exceed 60,000. The slump in demand for workers is probably due to the uncertainty of the economy during the Corona period, Another factor is the very little...

Are we exposed to civil rebellion? The Azrieli Malls Group and the Melisron Malls Group (Ofer Malls) plan to open on Friday, contrary to the guidelines, the Ayalon Mall, the Kryon, the BS Grand Mall, the Petah Tikva Grand Mall and the Modiin Mall. Some chains have announced that they will open stores in order to meet the demand for winter clothing and to release inventory. Other chains such as Castro and H&M have announced that they will not open the stores in violation of the guidelines. This is despite the fact that malls undertake to maintain an outline that requires a limited number of...

The Israeli payment company Pioneer (Payoneer) was fined $ 1.4 million by the US Treasury Department for violating 2,260 different sanctions in a large number of countries, including Iran and Syria. Other countries include Ukraine, Sudan and violations of sanctions against individuals who are defined as barriers to money transfers by US authorities. According to the Ministry of Finance report between 2018-2013, Pioneer processed 2,241 payments to entities located in the Crimea, Iran, Saudi Arabia and Syria as well as 19 violations of sanctions by individuals who are blocked by the US...

.148 people were diagnosed with Corona patients in the past day, according to (Tuesday) Health Ministry data released (Tuesday). The data also shows that 32 have recovered in the last day, and the number of active patients is currently 2,722. According to data and a report from the Corona National Information and Knowledge Center, affiliated with the IDF Intelligence Division, 166 patients were added in Tel Aviv as of June 1. According to the Ministry of Health, 18,180 people have contracted corona in Israel, of which 15,159 have recovered. 31 of the active patients are defined as in...