Articles

Encouraging data on the acceleration in the pace of apartment construction. Data from the Central Bureau of Statistics published today (Monday) show that the first quarter of 2022 was a record quarter in the rate of construction starts. The number of dwellings that began to be built in the quarter was 19,943 - an increase of 3% compared to the previous quarter and a jump of 40% compared to the corresponding quarter last year. This is the second consecutive quarter in which apartments are being built at a rate approaching 80,000 apartments per year, a record of 20 years

The Bennett-Lapid government has come to an end. The announcement by Prime Minister Naftali Bennett and Yair Lapid that they had decided to advance the election put the political system in a spin. The bill to dissolve the Knesset will go to a preliminary reading next week. It will then be submitted for preparation to one of the Knesset committees in preparation for the vote in the second and third readings. The Knesset has the option of advancing the vote to final approval within a day or at most a week, and this also depends on agreements on the election date

Another Israeli security company is making its way to the flagship index of Ahuzat Beit Rada. The company that develops and manufactures radars, today announced a huge deal in which it merges with a subsidiary of the Italian Leonardo SpA, which deals with industry and security aviation. The subsidiary that will merge with Rada is Leonardo DRS, which deals with the development of military technologies. , So that Rada will become a wholly owned subsidiary of Leonardo DRS. The transaction does not include cash, but is made through an allotment of shares. Hold at 80.5%. The deal is valued at $...

The cost of the elections to the 25th Knesset, which was announced yesterday (Monday), is estimated at NIS 2.7 billion. It consists of the cost of the Sabbath, which stands at about NIS 1.5 billion, and an estimated cost of the Central Election Commission budget that will be NIS 1-0.8 billion (compared to about NIS 700 million in the elections to the 24th Knesset) and party funding that will stand at about NIS 200 million. . For comparison, the total cost of the previous elections was NIS 2.4 billion

The government is expected to approve a plan by the Ministries of Science, Energy and Environmental Protection to promote climate technologies, even though Prime Minister Naftali Bennett has already decided to dissolve the Knesset. The scope of the program, which is based on team recommendations between ministries to promote technological innovation in the field of climate, is NIS 3 billion - and it will be submitted to the government for approval on Sunday. The budget of the program comes from the budgets of the offices involved. The work of the headquarters is an initiative of the...

Members of the Association of Retail, Fashion and Catering chains join Max and others and call on the Ministry of Finance to allow all credit card companies in Israel to clear these brands. Today, American Express is eliminated exclusively by Isracard, and Diners is eliminated exclusively by Visa Cal. "The average clearing fee in Israel is less than 0.9%, while the clearing fees of Diners and Amex are higher than 2%. "Refuse to accept your credit card from you? Suddenly he does not pass at the checkout? This may be because you have American Express (Amex) or Diners. Due to the high fee...

Perimeter 81, which develops advanced cloud solutions for network management and security, announced the closure of a third round of funding (Round C) worth $ 100 million, at a value of $ 1 billion. The fundraising round was led by the American fund B-Capital, and was attended by ION Crossover Ventures, Toba Capital, Insight Partners and Entree Capital. Among the existing investors in the company: Spring Ventures, led by Aviv Refuah and private investors. The round of funding completed last weekend puts the total capital raised by the company at $ 165 million. Founded in 2018 by Amit...

Yes has received an Internet provider license, and will begin selling combined packages of Bezeq's TV, provider and Internet infrastructure, Bezeq announced today (Thursday) to the stock exchange. The move will further shrink the customer base of Bezeq International (750,000 customers), which has already lost tens of thousands of customers in favor of Bezeq following the reform to abolish the separation between supplier and infrastructure. The reform actually helped Bezeq increase its power at the expense of its subsidiary

Ben & Jerry's announcement almost a year ago that it would no longer sell ice cream in alleged "occupied Palestinian territories" continues to provoke outrage, as it finds itself a target. Ben & Jerry's initial announcement caused a large number of state pension funds and other sources to get rid of the company while devaluing its investment potential. According to some estimates, Unilever lost about 8% of its value of more than $ 4 billion in the six days following the Israeli announcement. It is unclear whether the argument will have weight in court. Unilever acquired Ben & Jerry's in...

Kindergarten children and elementary school students will arrive at the educational institutions in the last two days of the school year: The Teachers' Union announced today (Tuesday) - in the midst of the strike - that in the next two days of the year for kindergarten and elementary school students, studies will take place. They noted that the reason for this is the announcement by Finance Minister Avigdor Lieberman that there is no legal restriction on reaching a new wage agreement with teaching staff