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Data released by the Central Bureau of Statistics (CBS) reveals a robust performance in Israel's real estate sector, with April witnessing a notable surge in apartment sales despite a seasonal slowdown attributed to the Passover holiday. While the month recorded 6,892 apartment sales, marking a 13% decline from March figures, analysts assert that when adjusted for seasonal effects, April actually witnessed a 3.7% increase in sales compared to the previous month. Market Adaptation to New Interest Rates Spurs Growth A stark contrast is drawn to April 2023, where only 3,863 apartments...

In response to a petition seeking to compel Israel's largest airline, El Al, to operate flights on Saturdays (Shabbat) during the ongoing war, the Israeli government, including Defense Minister Yoav Galant and Transportation Minister Miri Regev, has issued a joint response. The petition was submitted to the High Court, and the government's response seeks to reject it outright

Winter time will begin tonight on October 30, 2022, Thursday in Sheshon Tashpag, the night between Saturday and Sunday. At 2:00 in the morning the hands must be moved back one hour to 1:00. With this, summer time will end, which lasts 219 days this year. Winter and summer time were determined according to the latest version of the "Time Law" from 1992, which was amended in 2013. The law states that "every year, during the period from the Friday before the last Sunday of March at 2:00 a.m. to the last Sunday of October at 2:00 a.m., the time in Israel will be advanced by one additional...

Cyber ​​company Varonis lays off 5% of its workforce. It is about 110 employees, with less than half being fired from the company's Israeli development center. Varonis' workforce swelled during the tidal period and the company currently employs 2,270 people while its annual revenue rate stands at approximately $470 million.

Israel's largest renewable energy project and one of the largest and most complex in the world, has completed the construction stage and is starting to operate commercially. From tomorrow, Negev Energy's thermal power plant at Ashalim will supply clean electricity to the national grid. Negev Energy received all the necessary approvals, including a permanent license for the generation of electricity from the Israel Electric Corporation, and it will begin tomorrow at the commercial operation stage of the nearby solar thermal power plant To Ashalim in the Negev. Negev Energy (50%), the Noy...

This morning (Saturday), a UAV launched from Lebanon struck a house in Caesarea, reportedly targeting the residence of Prime Minister Benjamin Netanyahu. Fortunately, the Prime Minister and his wife were absent during the attack. Two IDF soldiers sustained injuries—one moderately and one lightly—while two terrorists involved in the attack were neutralized

Tuesday, the jury's selection phase for New York State's opioid lawsuit against Teva and another line of pharma giants, including Johnson & Johnson (JNJ) and Maxon (MCK), is set to begin. The purpose of the lawsuit is to prove that the companies took an active part in a false business conduct to make money, with the aim of receiving monetary compensation. Returning to the continuation of the legal proceedings is a turning point, which began with the plague, so quite a few proceedings stopped. Now that the U.S. is starting to get back to normal, not only will the trial in New York begin,...

The fares for travel in public transportation - buses and trains, are expected to become more expensive in July by about 12%, this is due to the increase in the input basket index of public transportation. Although the travel rates were always linked to the index and the increase was expected, the Ministry of Transport did not act to prevent it until now and even blame the previous government

In a surprising turn of events, cloud cybersecurity startup Wiz is reportedly considering the acquisition of Sentinel One, an established Israeli cybersecurity company, according to a recent Bloomberg report. This potential acquisition marks an unusual move in the tech industry, as startups typically do not acquire publicly traded companies. Sentinel One's shares experienced a 3.2% surge in Wall Street trading following the news