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American Snap, the parent company of the social network Snapchat, acquires the Israeli company Voca.ai. The purchase amount of Voca is about $ 70 million, having so far raised only $ 6 million. Its investors include the strategic investment group of American Express, Lool Ventures, Flint Capital and Group11. The company employs about 35 people who will join Snap. Voca was founded in 2017 by Dr. Alan Becker, and Einav Itamar. Its most recent significant acquisition was in 2019, when it invested in the investment fund of the American credit card giant American Express. Mastercard.

Israel's public debt soared in 2021, in absolute terms, and crossed the NIS 1 trillion mark. However, in the main index for examining Israel's financial strength, the debt-to-GDP ratio in the economy has improved, and it dropped from 71.7% in 2020 to 70.3%. The Accountant General of the Ministry of Finance, Yahli Rotenberg, published today (Wednesday) the preliminary debt data for 2021. They show that the improvement in the debt-to-GDP ratio was recorded mainly due to the increase in GDP in the economy in 2021, in light of the economic recovery. The published figure was determined by the...

Prime Minister Benjamin Netanyahu on Wednesday evening declared that all citizens who leave the house "must wear a mask or scarf," also announced a grant to be given to every family with children and the elderly. In addition, the restriction on traffic to and from Bnei Brak was announced. Treasury officials said they were surprised by the promises of special grants and found out just minutes before the statement. PM Olmert asked Israeli citizens to wear masks at every exit from home, or to cover their faces with cloth, two days after Ynet revealed that the Ministry of Health is expected to...

IAI successfully demonstrated the Alta, a division and subsidiary of IAI developed by Drone Guard. The system designed to deal with drone threats has been successfully demonstrated at major international airports in Europe, Latin America and Southeast Asia. The demonstrations were carried out during the normal working hours of the airports to examine how the system would detect and neutralize the skiers without disrupting flights and without frightening passengers in the terminal. The operational need for airports around the world to respond to the threat of terminals in the terminals,...

Hours after the cancellation of the probable cause was approved in the first reading, demonstrations and blockades began throughout the country, among other things at all entrances to Jerusalem, the coastal road, road 4, and the Ayalon routes: "This is just the promo." A vehicle was recorded speeding toward protesters on Route 531 - and running away from the policeman who tried to stop it. MDA: "Significant delays in the movement of the ambulances, they want to allow them to move freely

After a year and a half of partial distance learning, the academic year opened on Sunday and hundreds of thousands of students will fill the campuses and study in classrooms. The studies will take place under the rules of the "green character". Thus, higher education institutions have announced that most of the learning will take place on campuses, but they intend to incorporate distance learning on a limited scale as well. 350,000 students are expected to study in the current academic year at 59 institutions of higher learning. This is an increase of four percent compared to the previous...

El Al lost $ 147 million in the third quarter of 2020 - the quarter that usually earns it the most money per year, compared to a profit of $ 27 million in the corresponding quarter in 2019. This huge loss is not even the most amazing thing in the company's recent financial report. Nine months into the corona crisis, as International Air Transport Organization (IAEA) forecasts for corporate losses in 2020 and 2021 become increasingly pessimistic, the company's accountants from BDO Haft still believe there is no need for a provision for even a dollar depreciation, on An aircraft fleet with a...

The IEC purchased nine liquefied gas (LNG) cargoes, totaling one billion cubic meters (BCM), about 20% of Israel's annual consumption of gas, already starting to arrive in Israel, the company paid $ 100 million. The parties to the agreement may make price adjustments, which will be expressed on two dates: the first of July 2021, with the possibility of a 25% change in both directions; And the second, in July 2024, of 10%. The purchases, under SPOT contracts, were made at an average cost of $ 3 per unit of heat, which is about 50% lower than the price of gas purchased by the electricity...

The historic signing ceremony for the normalization agreements between Israel and the United Arab Emirates and Bahrain ended on the southern lawn of the White House in Washington. The ceremony will be attended by hundreds of guests, and in the presence of Prime Minister Benjamin Netanyahu, US President Donald Trump, UAE Foreign Minister Abdullah Ben-Zayed, and his Bahrain counterpart Abdel-Latif al-Ziani. At the head of the speeches was President Trump. He referred to past relations between Israel and Arab countries in the Middle East, and welcomed the agreement. "In the history of Israel,...

The nurses' strike that began today (Monday) is about to end. In a meeting held tonight between Finance Minister Israel Katz and the chairman of the Nurses' Federation, Ilana Cohen, an outline was agreed for ending the strike. And these are the agreements: 1. An additional 2,000 temporary standards for nurses and 400 for physicians Within three days, a joint team will be set up to make recommendations and conclusions within a month (until August 25) and make a decision - on the scope of the additional additional standard required and the way and date of implementation. 3. The issue of...