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NICE, a prominent developer of software systems for customer service centers, fraud prevention, and money laundering detection, has strategically invested $1.7 billion in cash to bolster its AI capabilities and broaden its customer base. This move is set to not only enhance its market position but also allay concerns within the industry about the potential impact of advanced AI technologies like ChatGPT on NICE's future growth prospects

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...

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

After the mandate for the formation of the government was given to chairman Yesh Atid Yair Lapid, Netanyahu's opponents are preparing for the implementation of the most complex stage to date - a real and public attempt to form a government and prevent a fifth election. From the moment the possibility of forming a government with Netanyahu was dropped, among other things in light of Smutrich's opposition to joining the government with RAAM and Gideon Saar's opposition to joining a government in which Netanyahu will serve as prime minister at some point, Naftali Bennett announced Wednesday...

The average mortgage amount decreased in September by about 3% compared to August to NIS 914,000. This is according to data from the mortgage market published by the Bank of Israel. This is the second month in a row that the average loan for the purchase of an apartment has decreased, after the peak recorded in July and stood at NIS 954.2 thousand. However, the average mortgage amount in September 2021 was 19.7% higher than in September 2020, when it stood at NIS 763,000

Attorney General Avichai Mandelblit informed the High Court that the loan received by Prime Minister Benjamin Netanyahu from his cousin, the American businessman Natan Milikovsky, in the amount of $ 300,000, is a prohibited gift. This is after the ombudsman ruled two years ago that this is a gift that requires the approval of the permits committee. The ombudsman explains the change in position in exposing the business ties between Netanyahu and Milikowski in the stock affair, which the ombudsman decided to close in October. A decision published on Tuesday evening in response to a petition...

The law to increase the purchase tax on apartments went into effect on Sunday. Under the new law, purchase tax brackets on investors will be changed from three to two. The tax rate will increase from 5% to 8%. The tax for apartment buyers worth up to NIS 5.348 million will be 8%, instead of 5% -7% to date. Buyers of a higher value investment apartment will pay 10%, as has been the case so far. The Ministry of Finance now hopes that raising the tax will curb the purchases of real estate investors. The tax increase was approved in the Knesset without significant changes from the bill...