Popular Articles

The hot and dry weather, almost stormy, and the fear of fires is coming true: in the locality of Gita in the Western Galilee, near the city of Maalot Tarshiha, at least 20 families were evacuated on Saturday following a fire raging tens of meters from the locality. The fire brigade said that there was a "real danger" to the settlement, and that the evacuation had taken place on its first line of houses. Many crews have been called to the scene from across the north, and five firefighting planes are assisting from the air. Another forest fire has been raging since nightfall near the...

The International Bank concludes 2021 with a profit of NIS 1.4 billion, a jump of almost twice that of the profit in 2020, which amounted to NIS 750 million. The return on capital amounts to 14.7% in 2021 compared to 8.6% in 2020. The Bank's revenues amounted to NIS 3.15 billion in 2021, compared with NIS 2.9 billion in 2020. Net interest income amounted to NIS 2.8 billion, compared with NIS 2.6 billion. International's revenue from interest amounted to NIS 1.44 billion, compared with NIS 1.37 billion in 2020, an increase of 5.3%. The fees charged by the bank last year amounted to NIS...

Food giant Osem is not content with raising consumer prices to improve profitability. The company plans to reduce the salaries of the sales force division. This is a division of more than 100 employees and is responsible for sales in the amount of NIS 4 billion. Yesterday morning, the brigade's workers decided to strike a warning strike with the approval of the Histadrut and did not go to work in the field. Chairman of the Trade Division Workers' Committee, Shlomi Aviv, said that "the company wants to cut our sales component by 20%, so we stopped the work. For years we have hired including...

The latest data from the Central Bureau of Statistics underscores the severe challenges faced by the real estate sector, pointing to a historic low in new apartment sales. In October, amidst the outbreak of war, a mere 930 new apartments were sold, with only 89 benefiting from government housing programs and discounted rates per resident

The average wage in the economy in August increased significantly relative to the corresponding period last year and the main reason for this is layoffs and expenses for low-wage workers. In August, the average wage reached NIS 11,578, an increase of 7.3% compared to August 2019. CBS) published today (Wednesday). Such a high increase in the average salary in the economy is expected to result in an increase of thousands of shekels in the salaries of ministers, Knesset members and senior officials in the economy, if there is no legislation on the temporary order proposed by Finance Minister...

Following the weather, the Finance Committee has decided that it will work to determine compensation for natural damage under the law. This is in the wake of the damage done to business owners and private individuals in the intense wave of rains that hit Israel. The Capital Market Authority said about 4,500 applications were submitted to the insurance companies. The company's estimate indicates weather damage totaling NIS 130 million. The Deputy Commissioner of Fire said: We warned in advance that the systems would collapse. We need NIS 30 million, and the political situation paralyzes us...

The data published by the Central Bureau of Statistics (CBS) show that by narrow definition, the unemployment rate reached only 2.9% in the first half of April, compared with 3.4% in March and 3.8% before the corona crisis. Labor, stood at only 4.4%, compared to 4.8% in March, however, the employment rate was 61.0%, compared to 61.3% in the second half of March

About a month after Histadrut Chairman Arnon Bar-David called for a consumer boycott due to the rising prices for Diplomat, Shastovitz, and Kimberly Clark, the response arrived: the employees of Kimberly Clark Israel decided to take revenge: to leave the Histadrut and move to the National Histadrut. There are about 1,000 employees

Teva pharmaceutical company held a press conference Sunday at its new headquarters in Tel Aviv, where it presented its goals for the coming years, which it provided with the publication of the latest reports. In 2027, Teva expects to reach an operating profitability rate of 30%, a debt-to-EBITDA ratio of 2, a cash-to-earnings ratio of 80%, and to return to growth, after several years of revenue erosion. Carr Schultz, Teva's president and CEO, presented Teva's progress since 2017, when he took office. "In 2017, we set goals. One of them was business optimization. 80 production sites - we...

The Elis plane is designed for regional flights, as a passenger plane with 9 passengers and 2 crew members, an aircraft carrier, or a cargo plane. It is capable of flying a range of up to 830 km, at a speed of up to 460 km, and carrying a weight of 1.1 tons. It has two engines with a power of 850 hp each, and batteries with a capacity of 900-kilowatt hours, like 15 popular electric cars. But the batteries make up about 60% of the plane's weight at takeoff, which currently makes it difficult to build an electric plane for longer ranges