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The Antitrust Authority officially disqualified the merger between Union Bank and Mizrahi Tefahot Bank. Acting General Director of the Israel Antitrust Authority, Uri Schwartz, announced his opposition to the merger between Bank Mizrahi-Tefahot and Union Bank. The Authority explained that the move would have harmed competition on private customers in the banking system, a competition that is also limited in the situation before the merger

History at the Electric Corporation. After 22 years of negotiations, the reform was finalized. However, the details of which have not yet been signed. Only the chapter on workers and the retirement of about 1,800 workers was agreed upon and signed. About 1,000 workers have retired from the electricity company recently. The reform will be brought to the cabinet table and the ministers will be asked to approve it. During the eight years of the reform, the IEC will sell five old sites to private hands, with a total capacity of about 4,000 megawatts - about half of its production capacity. In...

Prime Minister Benjamin Netanyahu and Finance Minister Moshe Kahlon announced that they agreed to continue subsidizing kindergartens operating in the afternoon at the end of the school day, in the coming school year. The proposal will be submitted for Cabinet approval. The two claimed that a financial source was found for the continuation of the subsidy, but did not provide explanations as to the effect of the subsidy on the expected cuts in government ministries, in light of the growing deficit. Attorney General Mandelblit confirmed on Sunday that the budgets of government ministries...

Data published by the Bank of Israel in the third quarter of the year negative balance (overdraft) decreased by NIS 700 million to NIS 11 billion - a decrease of 6%. The decrease in the share of overdraft from the total consumer credit. As of the end of September, bank overdrafts Only 5.5% of consumer credit was up, compared to over 7% at the end of October 2016, when the downward trend began. The Bank of Israel raises several options that can explain this trend. The report said, "There is an increase in credit options for households, so that the ability of consumers to borrow neatly - and...

Prime Minister Benjamin Netanyahu (Wednesday) officially filed his request for immunity from prosecution just hours before the deadline for filing. In light of the request for immunity, the legal proceedings against Netanyahu are frozen until the Knesset Committee is formed to discuss the request for immunity. It should be noted that contrary to Netanyahu's assertion that the immunity is temporary, he sought substantial immunity from some of the charges against him, which would grant him a permanent exemption from prosecution for them. Netanyahu's Attorneys wrote at the beginning of...

On Saturday a medical team from Beilinson Hospital flew in to Cyprus to perform 3 translplant operations and returned to Israel. This is part of Israel's cooperation agreement with Cyprus on the issue of organ transplants. Yesterday morning, the National Center for Transplantation staff flew from Beilinson Hospital in Petah Tikva to Cyprus to perform lung and liver transplant surgery. The team included transplant doctors, a lung cardiac machine operator and operating room staff. Two lung and liver transplants were performed in Israeli patients. Dr. Tamar Ashkenazi, director of the...

Arkia wishes to operate direct routes to two new destinations this year: Goa and Sri Lanka. On Thursday, Arkia officially announced that a new flight route to Goa will begin operating in November. The frequency of flights will be once a week, on Wednesdays, on a shortened flight route that will last less than 5.5 hours of flight time. The flights will be on Airbus A320neo planes, a more advanced version of the common passenger plane Airbus A320 - which is also more fuel efficient. Flight prices will start from $549 round trip.

The International Holocaust Forum held in Israel is an event in which more than 50 leaders from around the world came to Israel, although some disagreed with Israeli policy. All this to say in a clear and uncompromising voice of the Holocaust must not happen again. State President Reuben Rabin holds dozens of meetings with the leaders who came to Israel and does the characteristic of the necessary statehood. Among the key leaders who came to Israel, we see French President Emmanuel Macron, Russian President Vladimir Putin, who with all his toughness is very close to the Jewish people and...

A new giant deal for IAI: The company reported that it had signed a $ 550 million deal with an Asian country's ground forces to supply a command and control system known as a "skyscraper." The system will upgrade the batteries of the short-range anti-aircraft systems and will receive payments on the project according to milestones, and over a period of four years