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Signed in Dubai: A free trade  agreement with the UAE: trade will rise to about $ 3 billion a year
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Economy Minister Orna Barbibai and Emirati Economy Minister Abdullah bin Tok al-Marie signed a free trade agreement with the United Arab Emirates in Dubai. The Ministry of Economy estimates that the volume of trade between the two countries, which now reaches almost $ 900 million a year, is expected to grow in the coming years to about $ 3 billion a year. The United Arab Emirates is the first Arab country with which Israel has signed a full free trade agreement. The free trade agreement was made possible after the normalization between the two countries under the Abrahamic Agreements in...

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May 31, 2022

 Bank of Israel increased the basic interest rate by 0.25% to 0.35% for the first time in 3.5 years
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The Bank of Israel, headed by the Governor, Prof. Amir Yaron, announced today (Monday) an increase in the basic interest rate in the economy from 0.1% to 0.35%. In doing so, the predictions were confirmed that the Monetary Committee is expected to raise interest rates for the first time in three and a half years. Some experts even thought that the bank might raise the interest rate to 0.5% at once, but this forecast did not materialize. Following the increase in the basic interest rate, the prime interest rate will also rise this coming Thursday, after the banks are preparing for a change,...

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Apr 11, 2022

Fourth-12th graders will return to school Sunday, May 17th but only for part of the week
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Education and health ministries on Monday concluded an outline for a gradual return to elementary, middle and high school studies. The ministry has concluded that fourth-12th graders will return to school this Sunday, May 17, but only for part of the week and in a limited format. All classes will be divided into separate groups of 20 students. According to the layout, students will not be required to wear a mask, but will keep two meters apart. The teacher will also keep a similar distance from the students, and if he travels between them, they will be required to wear masks. It was...

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May 11, 2020

Israel at the forefront enforcing restrictions: 30,000 reports in Britain compared to 522,000 here
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Israel is at the forefront of enforcing restrictions as part of the fight against the corona virus. This is according to data collected by the Israel Police from its partners around the world. For comparison, 30,000 reports have been distributed in the UK so far, compared to 522,000 reports distributed in Israel. This emerges from data presented by the Israel Police. In recent months, the Israel Police has been holding online meetings with police around the world in order to learn about their challenges there, and try to find solutions to local challenges. Among other things, the police...

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Jan 18, 2021

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Israeli and Egyptian energy ministers announced Wednesday the start of natural gas flow from Israel to Egypt. According to the Energy Ministry's announcement, this is an important development that will serve the economic interests of both parties. The Ministry of Energy added that this move would also allow Israel to export some of its natural gas to Europe through Egypt's LNG facilities, promoting Egypt's status as a regional gas hub. It is also a historic landmark for Israeli gas entrepreneurs, who began contacts with Egypt after the Australian Woodside company canceled its intention to...

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Jan 15, 2020

Two young men were injured in a stabbing attack in Jerusalem one of them seriously
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Two young men in their 20s were injured in a stabbing attack, one of them seriously and the other lightly. They were stabbed on Haim Bar Lev Boulevard in Jerusalem, near the light rail station not far from the national police headquarters. MDA staff arrived at the scene and treated the two and evacuated them to Hadassah Hospital on Mount Scopus. Police officers who arrived at the scene began investigating the circumstances of the case, at the same time the terrorist was shot and neutralized. MDA paramedic Sigalit Mizrahi said: "We arrived at the scene and saw two wounded with stab wounds...

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May 24, 2021

P.M Naftali Bennett invited US President Joe Biden to visit Israel: The meeting was "excellent"
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On Friday evening, Prime Minister Naftali Bennett described the meeting with US President Joe Biden as "excellent" - and invited him to visit Israel after overcoming the spread of the Delta strain. "It felt like we had known each other for a long time," Bennett said. "I found a leader who loves Israel, knows exactly what he wants - and is also attentive to our needs." The prime minister said that along with him, Biden was also determined that Iran would never be able to reach nuclear weapons, and said he was happy that the target had been agreed on by both sides to work in the near future...

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Aug 27, 2021

Most Israelis spend 12 hours a day in front of screens and 2.4 hours are surfing the web
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Another corona year has passed and the patterns of Internet use in Israel continue to surprise: The screen managed us this year as well - in one day we spend an average of 3.2 hours in front of the TV, 2.4 hours surfing the net, 2.1 gaming, and another 2.8 hours in which we scroll endlessly on social networks. WhatsApp is the undisputed queen - 90% of Israelis over the age of 18 are not willing to give up using the messaging app. At the time of the international glitch on meta servers (formerly Facebook, which owns WhatsApp), 25% of respondents chose not to communicate with other people....

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Jan 29, 2022

Cellcom recorded revenues of NIS 1.069 billion in the second Q and a net profit of 39 million
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The cellular company Cellcom, which operates a cell phone network, Internet and telephone services, and controls Golan Telecom, published its financial reports for the second quarter according to which the company recorded revenues of NIS 1.069 billion compared to NIS 1.003 billion in the corresponding quarter last year - an increase of 6.5%. The company's net profit in the second quarter amounts to about NIS 39 million compared to a loss of NIS 14 million in the second quarter last year. The company's operating profit in the current quarter amounted to approximately NIS 95 million...

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Aug 10, 2022

P.M Lapid and Economy Minister Barbivai agreed on a more moderate increase in the Bread price
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Prime Minister Yair Lapid and Economy Minister Orna Barbibai announced on Monday evening that they had agreed on a more moderate and gradual increase in the price of bread. The price of the uniform sliced ​​bread will increase by 5.5% instead of 11% as previously planned. The price of challah will increase by 8% instead of 21% and the price of flat bread will increase by 5% instead of 36%. Another increase in price will take place in the month of December, when the price of the uniform sliced ​​bread and the price of challah will increase as determined by the price committee, while the...

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Jul 25, 2022

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