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A heated debate took place on Monday in the Knesset's Finance Committee, when the Minister of Finance, Avigdor Lieberman, presented to the committee members "the most social budget ever approved in the Knesset," while the former chairman of the committee, MK Moshe Gafni, claimed that it was "The most anti-social budget that has ever been here." Lieberman emphasized in his remarks that "interest rates should be taken into account. There may be an increase in interest rates and this is a significant event for us." In the first discussion of the presentation of the state budget in the Finance...

Israel's flagship airline, El Al, is celebrating its 20th anniversary since its listing on the stock exchange by unveiling remarkable financial performance in the second quarter of 2023. The company's published reports reveal a substantial surge in profits and a strategic business roadmap geared towards fleet expansion and upgrading narrow-body aircraft

Kfar Saba and Tel Aviv are the largest cities that lead the most in the satisfaction of their residents. Jerusalem, on the other hand, remains the most indigenous to the city - according to the CBS data from the 2018 Social Survey. Local cleaning. The Social Survey is an ongoing annual survey of living and welfare conditions in Israel, conducted last year and interviewed by some 7,450 people aged 20 and over, representing about 6.5 million people. Among the topics the survey dealt with were switching between cities, commuting (i.e. getting to work and back) and satisfaction with the major...

Five months after the agreement reached between Channel 10 and Channel 13 regarding the merger, members of the Second Authority Council approved the merger. Eight council members supported the merger, and only the head of the Second Authority, Yulia Shamalov-Berkovitz, objected

Teva is stepping up the pace of arrangements to resolve lawsuits hovering over its head regarding its involvement in the narcotics (opioid) painkiller affair, which has resulted in the deaths of 500,000 Americans in the past 20 years. Teva, which is managed by Kor Schultz, has reached an agreement with the Attorney General of the State of Florida and all the arms of the administration, which will settle all the lawsuits filed by the administration against Teva in the opioid case. Under the arrangement, Teva will pay Florida $ 177 million over 15 years, and will provide Florida with 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

Israeli Prime Minister Binyamin Netanyahu was rushed to Sheba Hospital - Tel Hashomer on Sunday night after experiencing a severe health scare. Hila Elroy of News 13 reported that Netanyahu felt unwell and dizzy, prompting him to activate a monitoring device that had been recently placed on him. Contrary to his initial statement, the device did not beep; instead, it was activated by Netanyahu himself, revealing a critical 12-second arrhythmia that put his life in danger

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...

The Supervisor of Banks has approved an extension and further expansion of the comprehensive outline for deferring payments on bank loans. On May 7, 2020, the Supervisor formulated an outline, adopted by the banking system, that allows customers to defer loan payments in three operating segments: mortgages, consumer credit and business credit. The goal is to continue to assist customers in dealing with the cash flow difficulties following the consequences of the crisis, while managing risk wisely and responsibly, the Supervisor of Banks announced on 13.7.2020 the extension and expansion of...

After a long period of internal struggles at the airline that led to the cancellation of over 100 flights since the last Independence Day, the current saga seems to have come to an end. El Al reported on Sunday to the Tel Aviv Stock Exchange that an agreement had been signed between it and the Histadrut and the pilots' committee, which will apply immediately by the end of 2025. The company stated that "as of this date, the company cannot assess the effect of signing the agreement on its business results." After the report: El Al shares rise by about 10%