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Bezeq Group closes the second quarter of 2022 with an adjusted net profit of NIS 310 million, a moderate increase of 3% compared to the corresponding quarter in 2021. Revenues were NIS 2.23 billion, a slight increase of 1.1%. Operating profit decreased by 1.3% to NIS 463 million and EBITDA also decreased by 1.4% to NIS 921 million. The company's free flow increased significantly to NIS 359 million, compared to NIS 85 million in the corresponding quarter. Bezeq reduced the debt in the company by about one billion shekels and now it stands at 5.63 billion

A number of companies in the economy have joined the "Women's strike - women and girls are not no man's land" event, which is scheduled to take place the next day (Sunday) at 12:00. This follows demonstrations all ove r the country following the incident in Eilat, in which about 30 men allegedly raped a 16-year-old girl at a hotel. As part of the event of identification with the victims of sexual assault, the resident is currently working. Among the companies that announced that they would participate in the event: Psagot Investment House, which said that "its employees were shocked to...

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...

The Israeli economy contracted in the first quarter of 2020 by 6.9% at an annual rate, after an increase of 4.6% in the fourth quarter of 2019. This emerges from the third estimate for the first quarter published today (Monday) by the Central Bureau of Statistics (CBS). The negative development of the quarter was affected Directly from the corona crisis and the government's steps to halt the spread of the virus, which slowed economic activity. The CBS 'first estimate predicted a contraction of 7.1% in the quarter and a second estimate of 6.8%. The sharp decline in car imports intensified...

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

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 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

The Israel Police has concluded an investigation into Deputy Health Minister Yaakov Litzman, on suspicion of allegedly exploiting his position and authority in the Ministry of Health, with the aim of improperly influencing the discretion of a variety of professionals subject to him in the ministry. Among other things, Litzman was investigated on suspicion of trying to influence a psychiatric opinion of a suspect in pedophilia. The findings of the interrogation were transferred two weeks ago to the Prosecutor's Office, which will examine whether to indict Deputy Minister Litzman. The...