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Israel Chemicals Ltd (ICL), now known as ACL, has witnessed a tumultuous second quarter in 2023, grappling with plunging profits and a sharp decline in product prices. However, recent indicators of price stabilization and increased demand suggest a potential turnaround for the fertilizer and minerals producer. Since the commencement of the third quarter, ACL's stock has surged by 16%, hinting at a potential upswing in the company's financial results for Q3. This comes as a relief after the company faced a severe blow in Q2, when a precipitous fall in fertilizer prices and reduced...

Israeli government tabled the largest state budget in the country's history, totaling 582 billion shekels, before the Knesset, 21 days after its initial approval. This budget marks a significant increase of 68 billion shekels compared to the earlier 2024 budget set in May 2023. Notably, it includes substantial cuts across all government ministries except for defense and yeshiva budgets

In his first public comments since the fall of the Assad regime in Syria, Hezbollah Secretary-General Naim Qassem spoke on Saturday evening, addressing the Lebanese terrorist group's position amid recent regional developments. Qassem acknowledged that while Hezbollah has faced significant challenges, including the loss of its weapons supply route from Iran through Syria, the group remains resolute in its mission

Tragedy struck at the "Hutzot Karmiel" mall on Wednesday when a stabbing incident claimed two lives and left several others injured. The assailant, whose identity remains undisclosed, was swiftly neutralized by security forces at the scene

Two days after the Treasury announced that it was not opposed to the acquisition of Golan Telecom by Cellcom, the competition authority announced on Wednesday that it was approving the deal, three months since it was opened. In 2016, the authority objected to a similar purchase request for fear of damaging the competition. Now, the Ministry of Communications' final approval is required, but it is also likely to see eye to eye with the other regulators. The merged Cellcom will actually return to pre-cellular reform days in 2012 with a 35% market share, which is about 3.7 million...

After the disabling threats have been removed, about 2,354,000 students will return to schools and kindergartens today - and the school year will open: 168,000 first-grade students will enter the school gates for the first time, as well as 190,000 preschoolers and 333,000 preschoolers. Also, 1,074,000 elementary school students, 296,000 middle school students and 461,000 upper secondary students will be attending educational institutions today, of which 132,000 are 12th graders, who will be their last year in the education system. The students have been for almost a full month, as Tishrei...

In a significant move to bolster its budget for 2024, the Ministry of Finance in Israel is contemplating the cancellation of the longstanding VAT exemption on purchases from abroad. The 17% automatic discount on overseas acquisitions is set to expire soon, marking a potential shift in taxation policy. This decision is part of broader efforts to tighten financial belts and raise taxes, but it has sparked a heated debate among stakeholders

A recent survey has revealed a significant decline in American support for Israel, with only 46% of adults expressing more sympathy for Israel over the Palestinians when asked, "Who do you sympathize with more?" This marks the lowest level of support Israel has seen in the 25 years the survey has been conducted and follows a similar downward trend seen in 2024, when support was recorded at 51%, tying with 2001 for the lowest ever recorded

Iranian cyber attackers, linked to the Muddy Water group associated with the Iranian Ministry of Intelligence, have launched targeted phishing campaigns against Israeli journalists and media organizations, according to a report released by Check Point and revealed by PC. The Muddy Water group executed two significant phishing campaigns in recent days, focusing on leading media outlets, prominent journalists, as well as tourism and health organizations in Israel. The attackers utilized hacked legitimate email addresses to send deceptive messages, posing as medical and nursing centers or...

The Israeli astronaut and businessman Eitan Steva, along with members of the AX-1 mission team Dragon, landed on Earth off the coast of Florida. The exciting moment of landing was preceded by a number of stages, when the process of disconnection from the International Space Station began at 03:55 (Israel time). Steva has been in space since April 8, completing a total of 17 days in space, 16 of them at the International Space Station. Just before entering the atmosphere, the spacecraft's crew compartment separated from the service cell (which includes the solar panels) and activated its...