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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

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

The State of Israel ended January with a budget surplus of NIS 5.9 billion. That's how the Treasury published. Among the reasons for the big surplus - managing the state through a temporary budget and higher than expected tax revenues. According to the Treasury announcement, government spending in January reached NIS 27.7 billion. January's state revenues were pleasantly surprised and reached NIS 33.6 billion, a figure that reflects a nominal increase of 11.9% compared to January 2019. This is a figure that could indicate improvement in economic activity, however, as today's senior deficit...

The Ministry of Communications imposes a high fine on Hot after it thwarted the wholesale market reform. The ministry imposed an unusual fine of NIS 6 million on the cable company. The fine was imposed after the Ministry of Communications, according to the Ministry of Communications, prevented the implementation of the reform for about a year, and made it difficult for Internet providers without infrastructure to lease infrastructure segments and market them to consumers. The wholesale market reform required Bezeq and Hot to allow competitors to ride on their infrastructure. The reform...

Finance Minister Moshe Kahlon and the head of the Federal Finance Division (FDF), Swiss Confederation Minister of Finance, Mr. Oli Morer, met in Jerusalem to discuss various financial and fiscal issues of mutual interest. The ministers met after a second round of economic dialogue in Switzerland, in which the parties identified areas of mutual interest and undertook commitments to deepen cooperation on a number of issues, including access to the market and the industry

The highest payed in government companies in 2018 was Rafael's CEO, Yoav Har Even, with gross salary of NIS 113,127 a month, followed by CEO of Electric Company Ofer Bloch with gross monthly salary of NIS 97,365. This is according to the annual report released this morning by the CEO of the government corporation, Yankee Quint, which includes 49 government companies. Other notable highlights: CFO of the aerospace industry earned NIS 94,380, chief labor officer at Haifa Port earned NIS 86,629, CEO of Aerospace Industries earned NIS 82,583 and a router at Ashdod port earned NIS 78,744 in...

After the government approved last night (Sunday) the proposal for the establishment of metropolitan transportation authorities by the Minister of Transportation, MK Merav Michaeli, which should allow, with the advancement of the legislation, the delegation of powers to the authorities to run public transportation tenders on Shabbat, the question arises whether the heads of the local authorities who will head the metropolitan areas are even interested in this.

The Central Bureau of Statistics (CBS) publishes data for August, according to which the unemployment rate in the labor force is about 5.4%, compared with 5.1% in July. The labor force rate of employed persons who were temporarily absent from work all week for reasons related to the Corona virus, plus the unemployed stands at 9.8% (10.3% in the previous month). The proportion of non-employed people who stopped working due to dismissal or job closure from March 2020, plus the employed who were temporarily absent from work all week due to Corona virus-related causes, along with the...

Just before 2018, last year's 4 million tourist visit to Ben Gurion Airport ended this week, an 11% increase over the number of tourists who entered Israel in 2017. Direct revenues from tourism in 2018 amount to about $ 22 billion A rise of about 13% in revenues compared with the previous year According to Ministry of Tourism data, most of the countries have seen an increase in the number of entries to Israel, especially China and Russia, two countries that are in the top ten countries in incoming tourism in Israel, According to the ministry's data, in the first 11 months of the year there...