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Buyers in based neighborhoods pay the lowest average interest rate on the mortgage, while low-income neighborhood buyers pay the highest interest rates on average. This is according to a study published by the Bank of Israel. The study, conducted by Dr. Natalia Pressman and Dr. Nitzan Tzur Ilan of the Bank of Israel Research Division, attempted to examine the impact of various factors on determining the interest rate to reflect the risks posed by regional housing market characteristics. The analysis is based on over 80,000 mortgages provided by the banking system in 2013-2010 and the...

Wissotzky also raises the price of its products. Tnuva, the largest food company in Israel, raised the prices of dairy products not under the price control order by 2.2 percent. Among the unregulated products whose price will rise: salty cheeses, yellow cheeses on the shelf, special cheeses, delicacies, milk drinks and some yogurts

Frutarom, which was acquired by the US IFF last year at a huge exit, made unapproved payments" as part of its operations in Russia and Ukraine, IFF noted with the release of its Q2 2019 financial statements. According to IFF's preliminary findings, one of the top executives allegedly involved in the payments in question is Uri Yehudai, former president and CEO of Frutarom. In the merger deal completed last October, Yehudai was to serve as an outside advisor to the company, but is not yet a consultant. A Jewish response was received

8 people were killed in a serious road accident on Route 90 in a clash between two vehicles. The eighgt, 6 children and 2 adults were trapped among the remains of the burning vehicle, and firefighters who arrived at the scene began rescue operations

Ten teenage boys and girls were killed in the flood disaster in Tsafit river in the southern part of Israel' the Negev. The boys and girls, members of a pre-army preparatory program from central Israel and high school students, were part of a group of 25 travelers. 15 were rescued safely, including a boy and girl of about eighteen who were lightly injured. The two suffer from hypothermia. Air Force choppers and IAF personnel participated in the dark hours in search of the missing and used thermal means for night vision. Late at night the body of the girl was discovered at the age of 17....

The Israel Advanced Industries Association (IATI) has signed a strategic cooperation agreement in China that will serve as a bridge between Israeli and Chinese industries. The cooperation was signed during the Nanjing Techweek 2019 Conference held in China's Jiangzhou Province. The provincial capital of Nanjing is considered one of the three most important cities in China's economy The cooperation will be expressed in promoting and strengthening the economic relationship in the field of innovation between the two countries, developing business relations between Israeli companies with...

The Bank of Israel announced the cessation of the foreign currency purchases program aimed at offsetting the effect of gas production on the exchange rate, which began at the end of the tenure of former Governor Stanley Fischer, coinciding with the end of the term of the Governor, Karnit Flug. The dollar posted a sharp drop, moving from a 0.2% rise to a drop of 0.36% and is now trading around NIS 3.6767