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As the fifth week of fighting continues in the region, Israel is facing a high level of uncertainty on the military front, while the home front shows signs of adjusting to a new normal. Despite the ongoing conflict, there has been a notable increase in credit card purchases in the past two weeks, although they remain approximately 20% lower than pre-war levels. Traffic on the roads has also resumed with a partial return to school

The financial closure of the express lanes project has been completed. As part of the financial closure, which is a significant milestone in the project, the franchising company contracted will provide financing for the project's franchise in a total amount of approximately 2.3 billion shekels. Construction, operation and maintenance of the set of express lanes in Gush Dan will last for a concession period of 14 years. As part of the project, Dania and Electra will build high-capacity park and ride parking lots (for about 11,000 vehicles) at the Ayalon interchange (Rishon Lezion), and the...

Intel has revealed a comprehensive investment plan in collaboration with the Israeli government to bolster its production capabilities in Kiryat Gat. This development involves an additional $15 billion investment in the plant, supplementing the $10 billion commitment made in 2019. The multinational corporation will construct a new chip factory, supported by a substantial $3.2 billion grant disbursed over several years, constituting 12.8% of the total investment

The European Union's budget program for innovation development is expected to introduce innovations that could harm the research budgets of Israeli high-tech. This is a new outline for the Horizon Europe program, the Horizon 2020 sequel. The new plan was submitted two weeks ago to the European Parliament, and includes new emphasis on allocating a research and development budget of about 100 billion euros for the years 2027-2021

The Ministry of Finance's official in charge of salaries in the Ministry of Finance, Kobi Bar-Natan, published today (Tuesday) the report on wage expenditures in the civil service and the defense bodies for 2019. The report focuses on government ministries, the government health system, the government education system and the defense system. The average monthly salary in government ministries in the past year was almost 60% higher than the average salary in the economy. The average salary in government ministries in 2019 was NIS 16,991, compared to the average salary in the economy that...

The murder on Friday morning of businessman Eldad Perry, 44, caught the residents of Rehovot by surprise. Some residents were in the middle of a morning run, and others were praying in the synagogue when they suddenly heard the sounds of gunfire. Police are continuing efforts to clarify the circumstances of the murder, with all directions of the investigation still open. 06:10 - Businessman Eldad Perry leaves his house for the neighborhood synagogue located in the Faculty of Agriculture, where he used to pray every morning. 06:17 - Perry stops in the parking lot and gets out of the car. A...

Between Sunday and Monday, the price of fuel will increase by 23 agorot compared to the previous month and will be a maximum price of NIS 6.62 per liter of unleaded 95-octane gasoline for the consumer at the self-service station. The supplement for full service will be 21 cents per liter. This is an increase of about 24% compared to November last year when the price was NIS 5.34 per liter

Bank Leumi ended 2020 with a net profit of NIS 2.1 billion, compared with NIS 3.5 billion in the corresponding period in 2019 - a decrease of 40%. The decrease in profit is mainly due to the significant increase in expenses for credit losses, mainly in the group provision, and a decrease in non-interest financing income, which in 2019 also included income from the sale of Leumi Card, in the amount of NIS 314 million. The return on equity for 2020 amounted to 5.7%, compared with a return of 9.8% in 2019 (9.2% excluding the effect of the sale of Leumi Card in 2019), mainly due to the...