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Another huge acquisition for Intel in Israel: The company signed a deal with Moovit on Monday. The public transport travel app, with 775 million users worldwide, operates in 45 languages, in 3100 cities located in 102 countries. The value of the transaction is estimated at $ 1 billion. In its early years, Moovit focused on free end-user service, but in recent years its business model has expanded. As part of the new model, Mobit offers its various cities and authorities technology as an infrastructure through which they can map and improve their public transport systems.

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

10 days after US Secretary of State Mike Pompeo warned of winning Chinese Hutchison Group tender for establishment of Sorek 2 Desalination - Joint Committee of Energy and Water Ministry Announces Joint Group of Desalination Company IDE and Bank Leumi in Tender The facility, which is being built near zero from sensitive security facilities, has an output of 200 million cubic meters per year, will be the largest of its kind in the world and increase Israel's desalination capacity by 35%

A huge explosion shook the port area of ​​Beirut, Lebanon. The country's health minister told local media that more than 50 people were killed in the blast, at least 3,000 were injured - and many more are still trapped under the rubble. Testimonies from those present at the scene of the explosion, which was felt even in Cyprus, indicate that this is an event of a magnitude that has not been seen for years in Lebanon. Hospitals are collapsing under congestion, and many injured are receiving medical treatment on the streets. "The firefighters who were called to the scene simply disappeared...

In a significant legal development, the Supreme Court of France has ruled in favor of Israeli defense manufacturers, ordering the cancellation of a ban that had prohibited Israeli companies from participating in the ongoing Eurostory weapons exhibition in Paris. This decision comes after a contentious legal battle that involved multiple French courts and drew international attention

Osem-Nestle has published a document to the food chains about the expected move in which product prices will rise in the various catalogs of the company's brands. In the document, Osem clarified that it intends to raise prices by more than 5% for all products. At the same time, Osem Nestlé clarifies that the "Materna" brand products will not be included in the price change round and will remain at their stated prices today. Osem is one of the three largest companies that hold the largest market shares of food products in the country, with 7.5% of all products marketed in the country. In...

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%

The Prime Minister succeeded in bringing about the removal of the chairwoman of the Corona Committee in the Knesset, MK Yifat Shasha Bitton. This is because it did not align itself with the government's decisions and approved the easing contrary to Netanyahu's opinion. Reminds you of Turkish President Tayyip Erdogan that democracy is not his strong suit? After a stormy faction meeting, shouts and exchanges between MKs and Likud ministers over a breach of coalition discipline - including a vote on the law banning conversion therapy - the sanctions came on Tuesday. Coalition Chairman Miki...

The Israeli company PandoLogic, which assists large companies in recruiting employees through artificial intelligence, is being sold to the American company Veritone for $ 150 million in cash and shares, the American company announced. Veriton, based in Costa Mesa, California, is developing the first artificial intelligence operating system, and the acquisition will allow it to expand into the field of manpower and recruitment. The deal consists of $ 50 million in cash, $ 35 million in Veriton shares, and $ 65 million in cash and shares - another amount that depends on the company's...

The train will return to activity on Monday morning after months of disabling, since the Corona virus erupted. The opening is made possible after the decision of the Corona Cabinet last week, which approved the opening after several rejections. The opening of the train has become imperative, as the economy has returned to activity, traffic jams have increased without a proper public transport alternative, and the need for an effective mobility solution has become critical for the public. The train was run this past week and drafted a plan to run it, under new health ministry restrictions....