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The Chinese-Israeli MRC Group, consisting of China's China Harbor and Israel's Mivtach Shamir and Rafak, is the winner of the giant tender for the purchase of the Alon Tavor power plant. The company beat six competitors and will purchase the station for NIS 1.9 billion. This is the first time a Chinese company has been entering conventional electricity generation in Israel. The station is supposed to be transferred to the group until the end of 2019. There is a large gap between the price offered by the group and the estimated shelf price of the station, which is around NIS 800 million....

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

Elta Systems Israel Aircraft Industries sold the drone guard radar system designed to locate, identify and disrupt UAVs and drills to Argentina. The system has been sold in hundreds of units around the world and includes a variety of sensors - a radar for identifying flying objects, a dedicated komint system that detects the hover according to the transmission frequency and its unique protocol identification (the information is used to verify the target and reduce false alerts) and a camera for final identification of the object in the sky

The Bank of Israel Supervisor, headed by Supervisor Dr. Hedva Bar, and the Bank of Israel, headed by Prof. Amir Yaron, announced that they have approved a new bank in Israel. The Central Bank and the Banking Supervision Authority decided to grant a bank license to Marius Nacht's digital bank Jack Point, to which Amnon Shaashua minority shareholder, founder and manager of Mobilai and Orkam is a member. Alongside them is expected to be appointed bank chairman Shuki Oren, with the appointed CEO being a senior gal who was previously a senior at Leumi Digital Bank. The last bank to receive...

Bank Mizrahi Tefahot published the results of the third quarter of 2020 with a return on equity of 9.5% compared to 11.1% in the corresponding quarter. The net profit was NIS 387 million, despite a provision for credit losses of NIS 317 million as a result of the corona crisis. Based on the results for the quarter, the return on marketable capital is about 9.3%. Net income was NIS 387 million, compared with NIS 422 million in the corresponding quarter last year. The total profit amounted to NIS 403 million, compared with NIS 388 million in the corresponding quarter last year

Harsa - a manufacturer of toilets, sinks and other sanitary equipment from the Hamat group - will close its doors on Monday, April 29. The workers of the 70-year-old factory were not allowed to return to work at the end of the Passover holiday. The workers' committee said that the factory management hired a security company to prevent the workers from entering their work place after a two-week intensive vacation. "The day is a very difficult day for you and me. It has been eight years since I acquired the Hamat Group, during which I tried with all my might to improve it and bring it to...