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Pfizer has announced that the US Food and Drug Administration (FDA) has approved for emergency use the drug it developed for Corona. Upon receipt of the approval, the new drug will be available to tens of millions of Americans, vaccinated and unvaccinated, if infected with the virus. The FDA approved the administration of the drug subject to obtaining a doctor's prescription for diagnosed patients, as long as no more than five days had elapsed from the onset of the first symptoms. According to Pfizer, when the pill was given within three days of the onset of symptoms, the risk of...

Bank Leumi's net profit amounted to NIS 6 billion in 2021, a record profit for the bank, the highest in the sector and almost three times the net profit in 2020, which stood at NIS 2.1 billion (an increase of 285%). The profit reflected a return on equity of 15%, compared to a return on equity of 5.7% in 2020. At the end of the fourth quarter, Leumi earned NIS 1.5 billion, an increase of 67% compared to NIS 900 million in the corresponding quarter. Leumi's annual profit line is higher than NIS 1 billion than that of its major competitor, Bank Hapoalim, which reported an annual profit of...

In the aftermath of a Houthi attack on a vital sea crossing, sea freight prices from China surge by 12%, impacting Israel's economy. In recent developments, the Houthi rebels in Yemen pose a significant threat to Israel, not only through direct missile attacks but also by potentially closing a crucial shipping lane – the Bab al-Mandab strait. This strategic waterway facilitates the passage of 6.2 million barrels of oil per day and 10% of global trade

The aerospace industry will partner with the international accelerator MassChallenge, to launch a path for the development of unique sensor technologies called Future Sensing. This track is designed for startups that develop sensors in high frequency, quantum, photonics, acoustics, ultrasonic and any disruptive technology in the world of sensing, or fusion of information from sensors. The aerospace industry will operate through its subsidiary Elta, offering start-ups a significant collaboration that includes access to customers and markets around the world that Elta operates, and...

In a significant financial move, S&P Global Ratings announced on Wednesday night that it has downgraded Israel's credit rating from A+ to A, now accompanied by a negative outlook. This change suggests that further downgrades could occur in the near future

The director-general of the Ministry of Health, Prof. Nachman Ash, announced on Thursday that from midnight onwards, all countries will be removed from the list of red countries. It is recommended not to fly, "the CEO emphasized," but at the moment there is no point in doing so anymore. " The decision was made following a pre-defined policy, according to which the mechanism of the red states will be suspended in a situation in which the percentage of nationals who entered from abroad falls below 5% of the total morbidity in the country

950,000 of nearly 4 million participants in the labor market in Israel did not return to work in May due to causes related to the Corona virus (IAA or days off). At the same time, the number of temporary workers absent from work all week among persons aged 15 and over was 797.6 thousand, compared with 1.5 million in April. 684,000 were absent all week due to Corona virus-related causes, up from 1.3 million last month. The number of unemployed persons absent from work for part of the week among persons aged 15 and over was 666.1 thousand (compared with 1.011 million in the previous month)....

Israel and Jordan signed an agreement on Monday under which Israel will purchase solar electricity from Jordan and Israel will supply it with desalinated water. Nevertheless, question marks may make it difficult to implement the move - despite Jordan's urgent need for water and Israel's desire to increase its use of solar electricity to meet its electricity generation targets from renewable sources. According to a joint statement to Israel, Jordan, the United States and the United Arab Emirates, where the signing ceremony was held, the Minister of Energy, Karin Elharar, the Minister of...

Interior Minister Ayelet Shaked announced on Thursday that she intends to restrict the work of Ukrainian refugees in 17 cities across the country starting August 1. This restriction is in accordance with the new procedure of the Population Authority regarding the employment of asylum seekers, which was published in Haaretz a month ago. Shaked's announcement comes against the background of the High Court's decision to allow the entry of Ukrainian citizens

Home Front Command and the Ministry of Education have jointly announced plans to allow partial educational activities in areas considered low-risk ("yellow" authorities). This decision, effective immediately, is contingent upon the presence of nearby protected spaces