Articles

The average mortgage amount reached a peak of NIS 975,000 in March - another step up in mortgage activity, which reflects the increase in apartment prices and the leverage of bank customers, in light of the rise in apartment prices. This, is without a corresponding increase in the equity of apartment buyers. Investors finance the increase in total mortgages by increasing repayments and increasing the average duration of the mortgage repayment. Data from the Bank of Israel show that 13,780 mortgages were taken out in March - an increase of 15.5% compared with February, which mainly reflects...

Innoviz from Rosh HaAyin has been chosen to be the official and direct supplier of LIDAR sensors to one of the largest automotive groups in the world. This is a group that holds a share of more than 10% of the global car market and sells millions of cars a year. The deal is worth $ 4 billion. This is the explanation for the surprising jump of its share by 10% on Friday on the Nasdaq stock exchange, a day when most of the shares actually fell. Sales under the current agreement are expected to be spread over eight years and will begin in three years, after the completion of the joint...

Communications Minister Yoaz Handel and the head of the national cyber network, Gabi Portnoy, announced in a joint statement to the media, a series of measures that will require communications companies to prepare and implement cyber defense plans that will first include an orderly and unified system that will strengthen defense levels and actively prepare for cyber attacks. The decision was made after a hearing last August in the Ministry of Communications, according to which the licenses of the communications companies will be amended and provisions and a number of milestones will be set...

The Solaredge company significantly exceeded analysts' forecasts, as well as the forecasts it provided to the market regarding its revenues in the first quarter of 2022, under the auspices of a surge in energy prices in the wake of the Ukraine war. However, the company missed earnings per share forecasts, due to the component crisis and the jump in transportation costs. Solaredge released a second-quarter revenue forecast for 2022 that was higher than market forecasts, and its stock responded with a 2% increase in late trading

The data published by the Central Bureau of Statistics (CBS) show that by narrow definition, the unemployment rate reached only 2.9% in the first half of April, compared with 3.4% in March and 3.8% before the corona crisis. Labor, stood at only 4.4%, compared to 4.8% in March, however, the employment rate was 61.0%, compared to 61.3% in the second half of March

At Mount Herzl in Jerusalem opens tonight (Wednesday) the celebrations of the 74th Independence Day of the State of Israel with the traditional beacon lighting ceremony - which for the first time in two years was held without any corona restrictions, and thousands came to the audience. This year, the ceremony was held under the banner "A hand meets a sister's hand," and 13 Israelis were chosen to light the 12 beacons symbolizing the 12 tribes of Israel. As a sign of consideration with the battle shocks, and as municipalities across the country have done, there will be no fireworks at the...

Sanctions by El Al workers' committees disrupt the company's regular activities on Independence Day. Mechanics at the company abandoned their positions this morning before the civilian flight of the airlines, and following the protest, El Al is not participating in the civilian flight. The EL AL workers' protest took place after the Minister of Transportation, Rabbi Michaeli, spoke this morning at the opening of the launch event of the Israeli Civil Aviation aircraft of Independence Day

The long queues at Ben Gurion Airport where the Israelis stood during the week of Passover are also reflected in the data: in April this year, 685.6 thousand passenger departures were recorded abroad, close to the numbers before the corona eruption in 2019, when 798.7 thousand passengers left the country. On the other hand, despite a significant recovery, the increase in inbound tourism is still far from the data before the crisis and stands at about half of April 2019. Due to the Corona restrictions in 2020 as a whole, 887.1 thousand foreign arrivals to Israel were recorded, and in 2021...

The Israeli company Telrad Networks is sold to the Liquid Intelligent Technologies telecom group for about NIS 200 million in cash. The value of the deal is about 27% higher than the value of the company this morning on the Tel Aviv Stock Exchange. The deal is subject to the approval of most of Telrad's shareholders, and the company estimates that it will be completed within a few months. The largest shareholder in Telrad is the Fortissimo Fund, which holds about 41% of the company's shares. The transaction will take place in the format of an inverted triangle merger. The acquiring...

The Finance Committee of the Tel Aviv-Yafo Municipality has approved the doubling of the hourly parking fee in blue and white for visitors to the city center who are not residents. This will increase the price of parking from NIS 6.30 per hour today to NIS 12.60. The city council is expected to approve the change at its next meeting on May 23, and a month later it will take effect. The change in the tariff was made possible thanks to the "parking reform" that underwent the latest arrangement law, which, among other things, allowed the municipalities to raise the price of parking above NIS...