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At a recent press conference following the release of Check Point's quarterly report, Gil Shvid, one of the founders of Check Point and its longstanding CEO, announced his departure from the CEO position after more than 30 years of service. Shvid will be stepping into the role of chairman, emphasizing his commitment to remain actively involved in the company's future endeavors

El Al Airlines has released its financial results for the second quarter of 2024, showcasing an outstanding performance that aligns with earlier projections and underscores the airline's robust recovery and growth trajectory. The company reported revenues of approximately $839 million, marking a significant 33% increase from the $630 million recorded in the same quarter last year. This surge in revenue is attributed to a $29 million boost in cargo operations and strong passenger demand

In a surprising turn during a recent Supreme Court hearing, judges delivered strong criticisms against the Tel Aviv municipality and residents opposing gender-segregated prayer in public spaces. The judges’ unusual intensity left representatives of the city and their supporters taken aback

The average mortgage taken by Israelis from the banks in May set a new record - NIS 879,000. This is compared to an average mortgage of NIS 866,000 in April and NIS 797,000 in May 2020. In the last five years, the average mortgage has risen by 30%, while the price of an average apartment has risen by only 15%, according to the Central Bureau of Statistics. Data from the Bank of Israel published today (Wednesday) join the report of a record total of mortgages in May, which stood at NIS 9.5 billion. The number of loans for the purchase of an apartment amounted to 10,773 loans in May,...

The Israel Defense Forces (IDF) confirmed today that it has decided to freeze the reserve service of Lt. Col. (res.) Ron Sharf, one of the leaders of the "Brothers in Arms" organization, until July 2025. The decision comes in the wake of Sharf’s vocal opposition to the government's judicial overhaul plan, which has been at the heart of political protests across Israel

Retail giant Amazon is finally making its first move in Israel, and e-mails to Israeli sellers and invites them to start selling products through it. On the night between Monday and Tuesday, Israeli suppliers began to receive an official request from Amazon inviting them to start selling products through it. This marks the beginning of Amazon's official activity in Israel, but at this stage it is not exactly the full activity

Yotpo has announced its acquisition of SMSBump, the most complete SMS marketing solution designed for eCommerce brands, it was announced by Omri Cohen, COO & Cofounder, Yotpo. With this acquisition, Yotpo is the only eCommerce marketing platform to provide integrated solutions for reviews, visual UGC, loyalty, referrals, and SMS in one place, giving brands the unique ability to engage customers with smarter, cohesive, and higher-converting experiences across channels. The single-platform approach meets brands' growing desire to manage their direct-to-consumer (D2C) marketing activities...

Partner and Pelephone appealed a fine imposed on them by the Consumer Protection Authority and will receive back the amount of the fine plus court costs, totaling NIS 968,000 - the Jerusalem Magistrate's Court ruled in an appeal filed by the two companies. This is a monetary sanction imposed on the companies in January 2017, claiming to mislead consumers in various publications where consumers were invited to join them and receive advanced "Generation 4" mobile services, free of charge. The Authority claimed that during the relevant period for publications that began in July 2014, the...

The big party of the gay community: The 23rd Pride Parade in Tel Aviv was launched at noon (Friday) from the gathering stage at Sportek North in the city. More than 80,000 people attended the event. "We are here each and every one of us to celebrate our colorfulness, to demand our right to security in the public space, to show ourselves and our right to full equality of rights in the State of Israel," said Tel Aviv-Yafo Mayor Ron Huldai, who launched the parade with Hila Peer, Yu. R. Partner of the Association for the LGBT. The parade passes through Rokach Boulevard and will reach the show...