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A recovery in demand for executive jets, maintenance services, and aircraft conversion led to a further increase in IAI's revenues and operating profit in the third quarter of 2021. IAI, which is managed by Boaz Levy, earned $ 28 million in the third quarter of 2021, a decrease of 3% compared to the same quarter in 2020. IAI's revenues grew by 3.5% in the last quarter compared to the same quarter in 2020 and amounted to $ 1.04 billion. The increase in the Company's revenues was due, among other things, to an increase in the revenues of the Military Aircraft Division, which develops and...

Three months ago, Israel was among the leading countries in morbidity in Corona and at one point was in the first place in the world in morbidity per million inhabitants. But now, almost four months after the start of the vaccination campaign, when 85% of the target population has already been vaccinated - the situation is completely different. According to data collected by a research body belonging to Oxford University, Israel is ranked 97th in the world in the ranking of new infections in the last week per million inhabitants - lower than the world average at the time. The morbidity...

2,393 corona patients have died in Israel since the beginning of the year - 1,459 of them in January and 934 in February. There are more than 40 deaths every day. It should be emphasized that the data for the month ended yesterday (Sunday) are not final, as late data on deaths are still coming to the Ministry of Health. There is no doubt that the extensive vaccination campaign is the significant factor in the decrease in the number of deaths from corona in Israel. An analysis of data from the Ministry of Health shows that in the first half of last month, an average of 40 patients died...

The holes in Israel's social security network widened even before the corona crisis, according to data from the April edition of the publication "Social Security in the World" in the National Insurance Institute. According to the document, public welfare expenditure in Israel in 2019 was among the lowest in the OECD and stood at 16.3% of gross national product (GDP). This figure places Israel in 30th place out of 37 countries. 17% of GDP in 2017. In the Corona crisis itself, public spending increased at a rate similar to the OECD average, but it cannot be concluded that Israel has bridged...

324 Israelis were diagnosed yesterday (Saturday) as positive for Corona - the lowest daily number diagnosed since July 10. By comparison, last Saturday 740 positive for the virus were diagnosed and two weeks ago 1,039. The coefficient of infection decreased slightly and stands at 0.73. According to data from the Ministry of Health, about 33,500 corona tests were performed yesterday and the positive rate is 0.98%. This is the first time since July 10 that the positive rate is less than 1%. It should be emphasized that the low number of tests is also due to a sharp decline in the demand for...

The Israeli high-tech industry does not stop breaking records. According to Start Up Nation Central (SNC), a company that connects the Israeli high-tech industry to organizations and investors from around the world, start-up companies in Israel have raised over $ 10.5 billion since the beginning of the year - the amount raised in 2020 as a whole. In the last few days alone, Gong and Verbit have announced huge fundraisers of $ 250 million and $ 157 million, respectively. The huge fundraising phenomenon of high-tech companies coming close to their other fundraisers is another feature of the...

Nearly 50,000 daycare children in kindergartens and lower grades of elementary schools will return to activity on Wednesday morning after the Sukkot holiday - and tomorrow Thursday the entire education system will return after long weeks of the holiday season. The daycare principals were instructed not to allow the entry of the children who would not present a signed parent declaration of a negative result in the antigen tests, as well as in the schools that would welcome the pupils and pupils tomorrow. Data from the Ministry of Education show that so far 1.15 million home tests have been...

The number of unemployed dropped to 292.2 thousand - still almost double the number on the eve of the corona crisis, at the beginning of 2020, which amounted to only about 160,000 unemployed. New data published by the Central Bureau of Statistics shows that in the first half of November the number of unemployed decreased, by broad definition, compared with the second half of October, by about 16.4 thousand. This is a particularly high rate of return to work - from 308.6 thousand in the second half of October to 292.2 thousand in the first half of November. The rate decreased from 7.3% for...

The Corona Cabinet has decided not to further ease the restrictions at this stage, and to discuss this again next week in accordance with the updated morbidity data. According to the position of the Ministry of Health, it is not possible to bring forward the opening of the stores, which is scheduled for November 15. At the hearing, Finance Minister Israel Katz called on ministers to allow small businesses and shops on the street, hairdressers and beauty and cosmetics salons to resume their activities as early as Sunday, to allow self-collection from all businesses from tomorrow and to...

The Ministry of Health updated this morning (Wednesday) that 815 people have been diagnosed with Corona in the past day. This increased the number of verified infections in Israel to 325,845. Yesterday, results were obtained for 55,202 tests, with the percentage of positive for the virus being 1.5%. The test data and their results are not final and may change in subsequent updates from the Ministry of Health. The number of active patients is 8,293. The hospitals hospitalize 502 patients, of whom 131 are respirators and 307 are seriously ill. To date, 2,735 people have died from the corona...