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The Supreme Court, headed by Justice Noam Solberg, granted a petition seeking an amendment to regulations to prevent essential stores, which may operate on closing days, from selling non-essential products. The petitioners are companies that operate through franchisees businesses around the country, selling toys and similar products - they argued that the current policy, which allows the sale of non-essential products, while selling essential products, violates equality, without justification, and without achieving a proper purpose

In an urgent response to the impending cessation of insurance coverage by international companies, the Israeli government is set to extend a financial lifeline to El Al and Israel Airlines. The move aims to secure vital insurance against the risks of war, following the recent announcements of international insurers discontinuing their services within seven days

The average mortgage amount given by the banks to the public decreased in June by about 0.7%, to NIS 988,000 compared to NIS 995,000 in May of this year. In June, banks made 12,024 mortgages and marketed a total of 11.9 billion shekels - according to data published by the Bank of Israel. The decrease in the average mortgage amount occurs at the same time as the decrease in apartment sales and the stagnation in the increase in the volume of mortgages in recent months, after the record recorded in March of this year - NIS 13.4 billion. The decrease in the amount of the mortgage does not...

In the wake of the ongoing conflict in the region, several Western fast-food chains, including McDonald's, KFC, and Starbucks, are facing a significant boycott across various Arab countries. The boycott, primarily driven by social media movements, has gained traction in countries such as Egypt, Jordan, Kuwait, and Morocco

In the first half of August, the sixth month of the corona crisis, the consumer confidence index rose, referring to the expected change in the economic situation in the country in the coming year. Consumers do not seem to be considering the possibility of another closure this time and a predicted outbreak of the flu pandemic ahead of winter. Data released by the Central Bureau of Statistics (CBS) shows that in the first half of August, the balance sheet relating to the expected change in the economic situation in the coming year rose to 29, compared with 45 in the second half of July and 40...

The Bank of Israel has announced a reform designed to increase information transparency and competition in the mortgage market. The new reform is expected to facilitate borrowers in three key aspects: transparency and the ability to compare, simplicity and the ability to understand and efficiency in carrying out the process. It is estimated that the reform is expected to take full effect towards the middle of 2022 and there may be further changes. The Bank of Israel actually takes competition in the banking system one step further and requires the banking system to present uniform mortgage...

The Teva Company announced that it has decided to appoint Richard Francis as President and CEO of the company. The appointment will take effect on January 1, 2023. In order to ensure an orderly transition of the position of CEO, the members of the Board of Directors together with outgoing CEO Kor Schultz decided that He will finish his term at the end of December 2022

The hacker group Pay2Key, which is suspected to be linked to Iran, released a database on Sunday evening that it said was stolen from the computers of IAI's Elta Division. The aerospace industry said the issue was under investigation. At least some of the names on the list do belong to Elta employees. For example, one employee whose name appeared on the list even appeared before a committee in the Knesset and whose name was published in the minutes of the same committee that is available on the Internet. The Iranian hacker group has already revealed last week that it has managed to break...