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The Ministry of the Environment protection has summoned "Oil Industries" executives to a hearing on September 15 before the Haifa District Manager to voice their claims before revoking flammable hazardous materials and before issuing a administrative restraining order. This is in order to avoid a real danger and a significant fear of harming the public from the factory at risk from the warehouses that have been burnt and contain crisp asbestos deposits. The Ministry of Environmental Protection issued a warning this week to Oil Industries and its managers, warning of engaging in hazardous...

The tender for new frequencies, including frequencies for the 5th generation of cellular phones, ended on Wednesday evening without any significant surprises. The cellular companies will pay a total of NIS 265 million for the new frequencies, but will later be reimbursed according to the network's deployment rate. The concern that arose at the beginning of the tender, according to which some of the companies would remain without frequencies, was removed with the publication of the results of the tender. All companies will receive frequencies that will allow the expansion of the 4th...

The Bank of Israel has decided to maintain its key interest rate at 4.5% for the seventh consecutive time, reflecting the ongoing economic uncertainty and geopolitical challenges. The decision follows an upward revision of the state budget deficit for 2025 and persistent inflationary pressures within the Israeli economy

The Taub Institute's State of the Nation Report of 2019 shows that the situation in the State of Israel is certainly relatively good, but various data indicate that there is a fear of economic and social deterioration and that it is very difficult to break out of poverty. The report shows that the levels of poverty and inequality have declined in recent years and that social investment has increased, but that it is much more difficult to exit the cycle of poverty in Israel than in OECD countries. To get out of poverty, a couple with two children has to work about 70 hours a week (each),...

A woman who has recovered from the corona virus has donated plasma, the blood component in which the antibodies to the corona virus are found, to save the life of a 29-year-old corona patient who is in serious condition. MDA calls Corona patients who have recovered from donating plasma through a simple procedure after at least 14 days of complete recovery. A call for a plasma donation was received yesterday at Magen David Adom's blood services. Found a donor - a resident of Jerusalem who recovered from the virus. MDA then began a Bezeq operation to bring an ambulance to the blood services...

In a recent report by StartupBlink, a renowned international organization that monitors global startup ecosystems, Tel Aviv has taken an alarming lead as the city witnessed the highest number of startup companies leaving its once flourishing entrepreneurial landscape. The findings reveal that the entire startup nation is experiencing a mass migration to other locations, signaling a troubling downward trend for Israel's once vibrant startup ecosystem

The government-approved emergency restrictions last Thursday, as part of the fight against the spread of the Corona virus, will officially take effect as of Sunday at 8 a.m., which includes some changes from the document released this past week. Before the official document, Prime Minister Benjamin Netanyahu discussed Saturday's need to tighten restrictions in order to reduce house exits. This, after hundreds of civilians in the middle of the country took to the streets, and spend the beach and municipal parks - despite the Ministry of Health's anti-rallying guidelines. At present,...

Gross domestic product (GDP) rose by only 1% in the second quarter of 2019, according to the first estimate for the second quarter, published by the Central Bureau of Statistics (CBS). This is a decline in the growth rate of the economy in the quarter, after an increase of 4.7% in the first quarter of the year, and in the fourth quarter of 2018, an increase of 4.2%. This is the first estimate made by the CBS for the second quarter, based on incomplete sources and expected to be updated later - in the estimate that will be published next month and in October. GDP contraction in Israel joins...

Today, all malls will close and, following their closure, the fashion companies have started taking workers on vacation without pay The Castro chain announced a complete shutdown of its operations except for online sales. Six thousand network workers were taken on leave pending a new announcement Hamashbir Consumer Network will also suspend its operations in the branches until after Passover. Hamashbir's employees will also go on vacation without pay. Our correspondent Amit Tomer says that the industry estimates that today more companies will announce a similar move

At its press conference at the CES, Intel announced a new collaboration between Israel's Mobilay and Ordnance Survey, the UK government mapping agency. As part of the collaboration, the high-resolution mapping and positioning data of the vehicles produced by the cameras installed in vehicles will be combined with the mapping data of the British government