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The Consumer Price Index (CPI) for October 2023 surprised analysts by increasing 0.5%, surpassing the anticipated 0.4% rise. The data, released by the Central Bureau of Statistics (CBS) today, reflects the first month of the "Iron Swords" war, defying predictions of a decrease in prices due to reduced consumption during wartime

The accumulated surplus in the last 12 months in the state budget reached 10 billion shekels in July, and the rate of surplus in the state budget in relation to the GDP reached 0.6% of the domestic GDP - this was announced by the Economic Accountant Division of the Ministry of Finance. The surplus in the budget, for the second month in a row, is due to an increase of more than 20% in the state's revenues from the beginning of the year, compared to the corresponding period in 2021, to NIS 280 billion. The chief economist at the Ministry of Finance recently re-evaluated the state's revenue...

The technology and insurance group Wesure Global Tech reports today that the Ayalon transaction has been completed, in which Vishur acquires 67% of the shares of the Ayalon insurance group for approximately NIS 447.6 million. Vishor also reports at this stage on the signing of a financing agreement with a leading banking corporation that will grant it a loan of approximately NIS 90 million, an agreement that expresses an expression of trust in the transaction and its ability to maximize value

The draft law of arrangements presented by the Ministry of Finance includes reference to the issue of public transport, which is of critical importance in view of the exacerbating crisis on the roads, but ignores possible solutions. It should be emphasized that this is a draft that is expected to change until it is approved. Although the law includes reference to enforcement on public transport routes and the Treasury recommends paving more such routes, it does not include increasing the frequency of buses traveling on these routes. Also, the law does not include congestion charges - a...

Leading Israeli cybersecurity company SentinelOne (SentinelOne) is reportedly evaluating potential strategic options, including a possible sale. According to a report published by Reuters, this revelation has led to a surge of 13% in the company's Wall Street trading, characterized by high turnover. Having been traded at a market value of $4.2 billion, SentinelOne has emerged as an acquisition target following an 80% decline in its stock value over the past two years. Insiders familiar with the situation have disclosed that the company has engaged the services of investment bank Qatalyst...

In tens of thousands of homes in Israel, the joy of the holidays on Rosh Hashanah and Sukkot will be replaced this year by worry and feelings of uncertainty against the background of the economic distress caused by the corona crisis. A dive into the economic data paints a gloomy and sad picture of the situation of a large part of Israelis about a month before Rosh Hashanah. Nearly a million employees and the self-employed have lost their jobs, business owners who lose money even when the store and business are open, and tens of thousands staying in isolation, some of whom are sick in...

Three years since the last budget was approved, the Israeli government approved this morning (Monday), after a white night of heated discussions, the state budget for the years 2022-2021 - and later it will have to approve it in the Knesset as well. In light of the narrow coalition, the government is facing a significant problem ahead of the Knesset vote on the budget in mid-November - and in order to obtain a majority it will have to reach various "deals". The government discussed approving the budget from Sunday morning, went out for a break in the afternoon - and returned to discuss it...

The Ministry of Health on Monday updated that no new infections were detected in Israel since Sunday. the number of confirmed patients is 16,621, withno new infectios were detected in Israel since Sunday with 3,335 of them defined as active patients. 57 patients are in serious condition, including 47 respirators. The number of victims remains at 272 and the number of recoverers is 13,041. The Ministry of Health also noted that a total of 2,417 tests were performed last night. The highest number of patients was diagnosed in Jerusalem - 3,670 patients - and 64,231 tests were performed...

The Israeli company Telrad Networks is sold to the Liquid Intelligent Technologies telecom group for about NIS 200 million in cash. The value of the deal is about 27% higher than the value of the company this morning on the Tel Aviv Stock Exchange. The deal is subject to the approval of most of Telrad's shareholders, and the company estimates that it will be completed within a few months. The largest shareholder in Telrad is the Fortissimo Fund, which holds about 41% of the company's shares. The transaction will take place in the format of an inverted triangle merger. The acquiring...

Talon Cyber ​​Security, developer of the first secure browser for enterprises, has completed a $100 million Series A funding round. The round was led by Evolution Equity Partners, with participation from Ballistic Ventures, CrowdStrike's Falcon Fund, Merlin Ventures, SYN, and existing investors George Kurtz, founder and CEO of CrowdStrike, Lightspeed Venture Partners, Sorenson Ventures and Team8 Capital. The round brings the total amount that Talon has raised since its inception to $126 million.The fundraising funds will be used to continue developing and improving the product and speeding...