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In a recent OECD report, Israel has claimed the unenviable top spot for the highest cost of living among member countries, with prices soaring 38% above the OECD average. Despite efforts to mitigate the impact through compensatory measures targeting specific voter groups, experts argue that the underlying issue of economic centralization remains largely unaddressed

McDonald's Israel will soon offer customers a free product with their online orders, following a class action settlement approved today (Tuesday) by the Central District Court in Lod. The settlement, which resolves claims of misleading pricing, will allow online orderers to select one free item from three options: a half-liter bottle of water (NIS 13), a 330 ml can of Coke Zero (NIS 10), or regular-sized fries (100 grams, NIS 18)

The state of Israel is not properly prepared for an earthquake. Most hospitals in the north are not earthquake-resistant; 2,350 schools operate in buildings that are not earthquake-resistant; 99% of the public buildings that require reinforcement have not yet been strengthened. In fact, only 52 public buildings have been reinforced in the past decade, 50 schools and two hospitals have been partially renovated. State Comptroller Joseph Shapira's report on "preparedness for earthquakes - buildings and infrastructure" published revealed the enormous destruction expected in Israel during a...

Bombardier, the Canadian railway and aircraft giant, held a conference for the local aerospace industries at the Manufacturers' Association in Tel Aviv, in order to find new collaborations for the purpose of realizing reciprocal purchasing and increasing its investments in Israel. The conference was held in cooperation with the Industrial Cooperation Authority of the Ministry of Economy and Industry, the Manufacturers' Association and the Israel Export Institute

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

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

In its semi-annual financial stability report, the Bank of Israel has issued a warning regarding potential adverse effects on Israel's economy in the medium term. The report highlights two main factors impacting the country's financial system: the continuous tightening of monetary policy through interest rate hikes, and a slowdown in global economic growth alongside difficulties in the global banking system