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The cost of managing current accounts and holding credit cards saw a noticeable uptick in 2022, with the average expense per current account reaching NIS 26.9 per month, marking a NIS 2.3 per month surge from the previous year. This data comes from a recent periodic report that scrutinized the fees incurred by households and small businesses, issued under the oversight of the local banks

Mimecast which specializes in information security, announced that it has acquired Israeli start-up Solebit. The market estimates that the American company paid $ 88 million for Solebit for $ 88 million in cash. This is the third exit this month, after the deals in Daturma and Redkix. Solbit develops a platform that helps organizations deal with hackers and other cybercriminals using automated security solutions that prevent hacking into the organization. This is done by blocking the malicious code before it attacks the organization. Mimecast Limited announced that it has acquired Solbit,...

The online revolution reaches Zara in Israel: The Spanish fashion giant is opening an online store in Israel. It began running on Wednesday through the app and on Thursday through an online site. The Spanish retailer will provide its customers with home deliveries within three to six days at a cost of NIS 30, or free delivery of more than NIS 200. Zara also allows customers to collect the products ordered from 10 of its 25 physical stores. The app shows women's, men's and children's Zara brand only. Zara has other brands it intends to sell online, among others, Pull and Bear and Barshke

Travel plans for thousands of passengers were disrupted once again as several major European airlines extended their suspension of flights to and from Israel, citing ongoing security concerns

In a detailed economic review released on Monday, S&P Global Ratings assessed the financial risks posed by the escalating war between Israel and Iran, with a focus on the potential impact on regional economies, energy markets, and investor sentiment

Leading candidate for the post of CEO Mizrahi Tefahot, Vice President of the Bank Moshe Larry was officially appointed: Mizrahi-Tefahot Board of Directors today adopted the recommendation of the Detection Committee for the CEO position (chaired by the Chairman of the Board of Directors Moshe Weidman) and decided that VP And Finance Division Manager Moshe Larry will be appointed Mizrahi-Tefahot's next general manager. Weidman said: "The members of the detection committee were very impressed by Moshe Larry's many capabilities, his rich experience and significant contribution to the bank's...

Elta Systems has unveiled a new upgraded version of the Drone Guard radar system to detect and disrupt UAVs and smal multirotor drones. The system has been sold in hundreds of units worldwide. The new and modular configuration includes an upgraded Comnet system that detects the skimmer according to its unique transmission frequency and protocol and is able to "take over" the communications to counteract threats. In addition, the radar, electro-optic system and jamming system have been updated and now offer improved capabilities