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Lt. Col. Yossi Shariel, commander of Israel’s elite Unit 8200, announced his resignation today (Thursday) following the unit’s failure to foresee the October 7 attack. In a letter to unit members, Shariel expressed deep regret over the incident, stating, "At 06:29 on October 7, I did not fulfill the task as expected of me, by my subordinates, commanders, and the citizens of the country that I love so much

Amid reports of an imminent end to the cease-fire and the tragic shooting attack in Jerusalem claiming three lives and injuring seven, the shekel experiences a downward trend today. The dollar responds by surging 0.9%, reaching approximately NIS 3.71, while the euro climbs 0.3%, trading near NIS 4.05

Over the past few years, about 40% of all companies traded on the Tel Aviv Stock Exchange have distributed dividends to their shareholders, according to a survey conducted by analyst Yuval Tzuk of the TASE Research Department for 2014 to 2019. Of all companies that distributed a dividend, more than 80% (164 companies) Dividend classes regularly. Dividend distribution is a positive signal for investors about the company's profitability and transmits expectations about the future, while strengthening its position and image among investors. A situation where a dividend-dividing company does...

In a second and third reading, the Knesset approved the amendment to the State Basic Law, which would allow the government to increase its spending in the current fiscal year to budget the treatment of the Corona crisis. Without their support, the amendment would not have been approved. Right-wing members were absent from the vote, so the government initially had trouble recruiting sixty-one Knesset members required to approve a Basic Law amendment. Knesset Speaker Benny Gantz congratulated Knesset members on approving the amendment to the Budget Fundamentals Law

In a recent report from the Chief Economist Division at the Ministry of Finance, November 2023 witnessed a partial rebound in housing market activity compared to the previous month. However, the numbers remain alarmingly low, marking the lowest level of transactions recorded in November over the past two decades

Following the anger of the US administration and the official complaint forwarded to the Israeli government - US airlines will participate in the US flight schedule. The arrangement that has been found is that the three companies that operate on the line, United, Delta and El Al, will operate a schedule that will be divided between the three: every day a different company will operate a flight on the line from the US to Tel Aviv. However, Delta and United will be allowed to board passengers on flights departing from Tel Aviv every day. As part of the division of the flight schedule, Delta...

Prime Minister Benjamin Netanyahu does not withstand the pressure and crashes. He decided to appoint blue-and-white chairman Beni Gantz as justice minister in the transitional government - three hours before the High Court was due to discuss the appointment of Ophir Akunis to the post. A statement from Netanyahu said the appointment would be approved by the government today. "The prime minister has submitted a detailed response to the Supreme Court that completely rejects the argument that yesterday's debate in the government was against the law," it said, "nevertheless, after the prime...

The crisis in the communications industry. Government ministries are exploring the possibility of completely eliminating consumer debts imposed on cellular companies to make it easier for them to cope with competition in the market. Today, companies are required, among other things, to operate a customer service center ten hours a day, provide technical service 24 hours a day, and are prohibited from offering customers a preferred service. Government ministry officials say these were relevant requirements at a time when there were three companies Mobile only, but today companies can be...