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American supermarket giant 7Eleven on its way to Israel. The chain is in talks with Electra Consumer, which is controlled by the Zalkind family, to hand over a franchise in which a Fox partner controlled by Harel Wiesel is expected to be a partner. The American company will try - with the help of the Israeli partners - to quickly bite into a share of the Israeli convenience store market, which has a turnover of about NIS 10 billion a year and enjoys growth, according to people close to the negotiations. After the negotiations between the parties were exposed in the media, Fox (-2.05%...

An expanded panel of the Supreme Court judges Thursday overturned a previous ruling in the court, stating that a woman who betrayed her husband should not be denied her entitlement to half the value of the house in which they lived. Were in the minority. The central question in which the judges ruled is whether infidelity could be a consideration in the decision to divide property between divorced spouses. In 2018, the High Court upheld the ruling of the Great Rabbinical Court in the case, thus strengthening its decision to consider treason in the division of property. Until then, the...

The Ministry of Finance announced that agreements in principle had been received for Intel to build a new factory in Kiryat Gat with an investment of 25 billion dollars. According to the ministry's statement, Intel "is expected to hire thousands of additional workers in Kiryat Gat. It was agreed to significantly increase the tax rate that the company will pay to the state from 5% today to 7.5%. As part of its commitments, Intel is expected to finish the investment and start the plant's operations by 2027 and continue to operate it until at least 2035." Intel will receive a grant of 3...

The Industrialist Association of Israel and the Federation of Israeli Chambers of Commerce appealed to Finance Minister Moshe Kahlon against "the intention of the Israel Tax Authority to use a new measurement method (WLTP) as an excuse to raise new vehicle taxes. The two organizations are asking the Finance Minister to refrain from making decisions that lead to an increase in living in Israel and to adjust the measurement method, so that it will not lead to the increase of new vehicles

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...

The Labor Court ordered the nurses' union and representatives of the Ministry of Finance to initiate mediation proceedings, during which the nurses will be able to exercise their right to take sanctions and the Health Ministry will be able to cut their celeries. At the Regional Labor Court in Tel Aviv, the state's requested to issue an order instructing the nurses to stop their strike continued. Health Ministry Director General Moshe Bar-Simantov proposed a timeout for the strike and the parties 'commitment to enter into intensive negotiations with the nurses' demands. The representative...

In a report released today by the Chief Economist Division of the Ministry of Finance, February's real estate transactions depict a nuanced picture of recovery, particularly in the new apartment market. Despite challenges posed by the ongoing war, the data suggests a gradual rebound in certain segments of the housing sector

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