Articles

Rav Bariach, controlled by Shmuel Donnerstein (60%), announced today (Wednesday) that it is joining the solar trend. Rav Briach Energy, a subsidiary of Rav Briach, will, together with Golan Solar, establish a company for the marketing and sale of components of solar systems - which will probably be called "Golan Latch". The initial investment is about NIS 15 million. Golan Solar is a consulting company in the solar field, which is owned by the entrepreneurs Boaz Presler, Eyal Bahrav and Uri Lieberman, and is involved in solar projects worth NIS 300 million. Rav Barih will hold about 66% of...

The General Security Service will re-examine the security interrogation processes of workers in the vicinity of secure persons. This follows the filing of the indictment today (Thursday) against a cleaning worker at the home of Defense Minister Bnei Gantz for espionage. According to a GSS statement, the worker - an Israeli citizen named Omri Goren Gurochovsky, 37, from Lod with a criminal record - "turned on his own initiative, via a social network, to an entity affiliated with Iran and offered to assist him in various ways, given his access to the minister's house." The General Security...

Exactly 11 months after former Prime Minister Benjamin Netanyahu was the first Israeli to be vaccinated against Corona, his successor, Prime Minister Naftali Bennett, announced that the children's vaccines will be launched next Tuesday and that 5 to 11 year olds will be able to defend themselves against Corona with Pfizer's vaccine dose. In his weekly post, Bennett wrote about children's vaccines: "I know there is a certain sensitivity around this matter. There are a lot of people who are afraid to vaccinate children, and they are not necessarily 'vaccine opponents' or those who buy...

Israel and Jordan signed an agreement on Monday under which Israel will purchase solar electricity from Jordan and Israel will supply it with desalinated water. Nevertheless, question marks may make it difficult to implement the move - despite Jordan's urgent need for water and Israel's desire to increase its use of solar electricity to meet its electricity generation targets from renewable sources. According to a joint statement to Israel, Jordan, the United States and the United Arab Emirates, where the signing ceremony was held, the Minister of Energy, Karin Elharar, the Minister of...

After a postponement of about a week, Nir Hefetz, who was the spokesman and communications adviser to opposition leader Benjamin Netanyahu and his family, appeared for the first time in the Netanyahu trial on Monday morning. Hefetz's testimony in the Jerusalem District Court is considered key testimony - Regarding the 4000 case, in which Netanyahu is accused of bribery of fraud and breach of trust, however, parts of his testimony are also expected to touch on cases 1000 and 2000. Hefetz is expected to testify at trial for many weeks. Nir Hefetz is a key state witness. The chairman of the...

Experts advising the Ministry of Health and the Corona Cabinet claim that since the beginning of November there has been a decline in the level of vaccine effectiveness, and that there are clear signs of another outbreak of the disease. At the Corona Cabinet hearing held tonight (Tuesday), Prime Minister Naftali Bennett instructed to promote an antigen test operation in the education system ahead of returning to school after the Hanukkah holiday. It was also decided at the hearing to extend the green label regulations for another two weeks, subject to the approval of the Knesset's...

A recovery in demand for executive jets, maintenance services, and aircraft conversion led to a further increase in IAI's revenues and operating profit in the third quarter of 2021. IAI, which is managed by Boaz Levy, earned $ 28 million in the third quarter of 2021, a decrease of 3% compared to the same quarter in 2020. IAI's revenues grew by 3.5% in the last quarter compared to the same quarter in 2020 and amounted to $ 1.04 billion. The increase in the Company's revenues was due, among other things, to an increase in the revenues of the Military Aircraft Division, which develops and...

The improvement trend in El Al's results was halted in the third quarter of the year following the outbreak of the Delta strain in July and the rise in the price of jet fuel. El Al lost $ 136 million in the third quarter of 2021 compared to a loss of $ 147 million in the corresponding quarter in 2020, which was the low point in the company's operations. The loss in the last quarter was affected by a $ 43 million provision made by EL AL for the impairment of two Boeing 777 aircraft that are about to go out of service and be sold. El Al's revenues increased by 546% in the third quarter of...

"Omicron" - This is the name of the new African strain of corona that threatens the world, according to the World Health Organization. Omicron is the 15th letter in the Greek alphabet. According to the organization in its announcement today (Friday), there is evidence that this strain causes increased infection and is considered a "cause for concern". This is the fifth variant of the virus that has been defined as such since the outbreak of the plague

The law to increase the purchase tax on apartments went into effect on Sunday. Under the new law, purchase tax brackets on investors will be changed from three to two. The tax rate will increase from 5% to 8%. The tax for apartment buyers worth up to NIS 5.348 million will be 8%, instead of 5% -7% to date. Buyers of a higher value investment apartment will pay 10%, as has been the case so far. The Ministry of Finance now hopes that raising the tax will curb the purchases of real estate investors. The tax increase was approved in the Knesset without significant changes from the bill...