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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...

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...

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...

Israel is the 30th country in the world with more than 100,000 people infected with corona: About six months after the first carrier of the virus was identified in Israel, in February, the Ministry of Health updated the epidemic data in the country, which shows that Israel now has 100,716 people infected. Yesterday, 1,496 new infections were diagnosed in Israel, and at midnight, another 889 infections were diagnosed today. Another 11 patients have died since midnight, and the total number of deaths now stands at 809. There are currently 22,122 active patients in Israel, 390 of whom are in...

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...

At the International Monetary Fund's annual research conference, Bank of Israel Governor Yaron delivered an optimistic message about the country's economic strength and resilience in the face of ongoing challenges. Governor Yaron asserted that the Israeli economy possesses robust foundations and has historically demonstrated the ability to recover from difficult times. Despite the prevailing skepticism among economists regarding the pace of recovery, Yaron remained confident in a swift return to prosperity

The representatives of the state and the teachers' union signed the new employment agreement with the teachers' union on the night between Wednesday and Thursday, which will include, among other things, an increase in teachers' salaries already now and a change in the vacation schedule starting next year

The Political Security Cabinet decided to establish a foreign investment oversight body for the Israeli economy, as Finance Minister Moshe suggested, as the committee window be the responsibility of the Ministry of Finance. It was decided that the committee would not deal with high-tech investments. The establishment of the commission may be related to the government's pressure on Israel in light of China's investment in infrastructure projects in Israel. The committee will be accompanied by senior representatives from the Ministry of Finance, the Ministry of Defense and the National...

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...

"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...