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The company IBC Unlimited launched a home internet infrastructure on optical fibers that can reach a speed of up to 10 gigabytes thanks to XGS-PON technology. In the first phase, consumers will be offered a speed of up to 5 gigabytes. The move will require customers to replace end equipment (router)

The total number of new mortgages granted by the banks in Israel in November is NIS 10.98 billion, an increase of 2.5% compared to NIS 10.7 billion in October, according to data from the Bank of Israel. Since the beginning of 2021, NIS 104 billion in mortgages have been taken out - further evidence that 2021 is a particularly strong year in the real estate market. During the third quarter. If in 2020 the total monthly mortgage taking averaged about NIS 6.5 billion, then 2021 is expected to end with a monthly average of NIS 9.45 billion in taking out mortgages. This is despite the fact that...

"The Bank of Israel has decided to accelerate its study, research and preparation for the possible issuance of a future digital currency, while providing a proper response to the various risks," said Governor Prof. Amir Yaron at a conference held by the Supervisor of Banks. However, he noted that "like many other central banks, the Bank of Israel has not yet decided whether it intends to issue digital currency, and we are still examining the issue. We are committed to being at the forefront of economic and technological knowledge on this issue." The governor said, "It is important to note...

The Bank of Israel has published an analysis of the housing market in Israel. Expenditure on housing services is the largest expenditure component of households, buying an apartment is the largest expenditure of most households during their lifetime, and apartments make up about 50 percent of their asset portfolio. Therefore, the rise in housing prices over the past decade has placed the housing market at the center of public discourse and government policy. All of these point to the importance of understanding developments in the housing market and the need for tools to analyze it. A...

The restrictions on Ben Gurion Airport are lifted after two months. But two days before the election the number of departures from Israel is expected to be greater than the number entering the country: midnight the restrictions on Ben Gurion Airport will expire. Departure to Israel for those who are not vaccinated or recovering. On Saturday evening, members of the Corona Cabinet approved the amendment of Ben Gurion Airport regulations following the High Court ruling, so that the limit of 3,000 passengers a day at Ben Gurion Airport will be abolished in accordance with the High Court...

After quite a few rejections, the Israeli astronaut Eitan Steva was sent into space tonight (Friday) together with three other astronauts from the space base at Cape Canaveral in Florida. Tomorrow, the four are expected to arrive at the International Space Station on a 200-hour mission. A few minutes before the launch, Steve said in Hebrew: "A few days before we celebrate Independence Day, we take off. Good luck AX-1, good luck 'Sky'." A SpaceX broadcast said that the first stages of the launch were successfully completed, including the separation of the first stage launcher from its...

In a rare and contentious press conference on Monday, Israeli Prime Minister Benjamin Netanyahu launched a vehement attack on the country’s legal system, using the occasion to frame himself as a victim of political persecution. His remarks, made just hours before his highly anticipated testimony in his ongoing corruption trial, sought to rally his supporters by portraying the legal process as a “hunting expedition” against him

The HMOs received incorrect results for Corona tests, which were caused by manual typing errors in the laboratories. As a result, some subjects received results obtained from samples from other subjects. The extent of the malfunction is still unknown, and the Health Ministry said the mistake was discovered before the results were delivered to the subjects. The office is now trying to recreate the process to match the results to the right subjects. Due to the malfunction, the ministry yesterday ordered a freeze on the results of the tests

The government has given the green light to a comprehensive five-year plan aimed at reducing social and economic disparities and driving economic growth in East Jerusalem. The ambitious initiative, spanning from 2024 to 2028, will receive approximately NIS 3.2 billion in funding. The decision follows collaborative efforts between the Minister of Jerusalem and Israeli Traditions, Meir Parosh, the Ministry of Finance, the Jerusalem Municipality, and various government ministries

When Avigal Soreq was appointed CEO of El Al in January 2021, he explained that as a Zionist, he felt the need to meet the challenge of rescuing the national airline and was even willing to absorb a dramatic drop in his salary compared to the salary he received as VP of US Delek. 14 months have passed since then and when he submitted his resignation today (Monday), other songs were heard from Whistler. Sorek explained that in recent days he has received an offer to be appointed CEO of a US $ 1.5 billion-traded Delek Street company. To Delek US where he grew up and worked for 10 years,...