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In 2021, the average wage in the economy was NIS 11,773. An increase of 2.3% compared to the same period last year and an increase of 9.2% compared to 2019 before the outbreak of the corona crisis. On the other hand, in the high-tech field, the average salary was NIS 26,494 - 2.25 times, according to data from the Central Bureau of Statistics published on Thursday. In December, the average wage in the economy was NIS 12,142, an increase of 7% compared to the previous month. This concludes a year with great volatility in the average wage resulting from changes in the labor market following...

The General Security Service announced on Friday that it had reached agreements with the security authorities in the United Arab Emirates that would allow Israeli companies to continue flying to Dubai. Last month, there was concern that the activity of Israeli airlines on the Israel-Dubai route would be stopped next week, due to a security dispute between the security authorities in Dubai and the Israeli aviation security system.

The International Bank concludes 2021 with a profit of NIS 1.4 billion, a jump of almost twice that of the profit in 2020, which amounted to NIS 750 million. The return on capital amounts to 14.7% in 2021 compared to 8.6% in 2020. The Bank's revenues amounted to NIS 3.15 billion in 2021, compared with NIS 2.9 billion in 2020. Net interest income amounted to NIS 2.8 billion, compared with NIS 2.6 billion. International's revenue from interest amounted to NIS 1.44 billion, compared with NIS 1.37 billion in 2020, an increase of 5.3%. The fees charged by the bank last year amounted to NIS...

A report by the Innovation Authority shows that the participation rate of women in high-tech is low - about a third of the employees. Only about nine and a half percent of the CEOs who have set up start-up companies are women and in fifty-seven percent of the major venture capital funds in recent years there is no woman appointed as a partner. The report also shows that forty-nine percent of all students in five units in mathematics are women and only about a third of those who take matriculation exams in computer science are women

Bank Leumi's net profit amounted to NIS 6 billion in 2021, a record profit for the bank, the highest in the sector and almost three times the net profit in 2020, which stood at NIS 2.1 billion (an increase of 285%). The profit reflected a return on equity of 15%, compared to a return on equity of 5.7% in 2020. At the end of the fourth quarter, Leumi earned NIS 1.5 billion, an increase of 67% compared to NIS 900 million in the corresponding quarter. Leumi's annual profit line is higher than NIS 1 billion than that of its major competitor, Bank Hapoalim, which reported an annual profit of...

ZIM sums up a tremendous year: The sharp rise in global transportation prices jumped the profit of the transportation shipping company by 787% to $ 4.65 billion in 2021, compared to $ 524 million in 2020. Zim is controlled by Idan Ofer's Canon holding company - the company ended the fourth quarter with a net profit of $ 1.71 billion, compared to only $ 366 million in the corresponding quarter - an increase of 366%

The government committee that examined the brokerage gaps concluded that the reason the Israeli consumer pays much more for fruits and vegetables is the fault of the farmers and not the marketing chains. As of 2020, the total consumption market for fruits and vegetables in Israel was NIS 29.1 billion per year. Of this amount, the volume of consumption of fresh fruits and vegetables was about NIS 24.7 billion. According to the results of the joint government committee for the director general of the Ministry of Economy and Industry, Dr. Ron Malka, the director general of the Ministry of...

Prime Minister Naftali Bennett is consulting with Health Minister Nitzan Horowitz and senior officials of his ministry following the increase in infection rates. The discussion presented the morbidity data in Israel as well as the morbidity situation in the world, with an emphasis on the focal points of the outbreak in China and Hong Kong. The discussion presented the information currently available on the BA2 strain and the combined strain of the Omicron. At the end of the discussion, it was decided that the obligation to wear masks in closed spaces would continue at this stage and be...

A new era began tonight in the financial world. After a long period in which most countries around the world had a particularly low level of interest rates, the US Federal Reserve raised the interest rate from 0 to 0.25% - to 0.25% to 0.5%, for the first time since December 2018. Despite previous estimates that the war in Ukraine could delay interest rate hikes - high inflation, resulting from rapidly growing consumption as the Corona crisis subsided, overcame the war and led to the beginning of US interest rate hikes. The implication of raising interest rates tonight in the leading...

Israel is among the ten happiest countries in the world, according to the World Happiness Report published today, this is the tenth year. Israel was ranked ninth in the ranking, compared to 11th place in 2021 and 14th place in 2020. Finland is the happiest country in the world for the fifth year in a row in the ranking, where more than 150 countries are ranked. The ranking is published by a body called the UN Sustainable Development Solutions Network, and is based on data from a Gallup global survey, along with other variables such as per capita GDP and life expectancy. Finland's...