Articles

The use of credit cards abroad will soon be added to the list of products that are becoming more expensive in Israeli life: a six-year dispute between the credit card companies and the tax authority may soon end in a compromise, the consequences of which could make the fees for using credit cards abroad more expensive. In December 2016, the Tax Authority issued an assessment to the credit card companies that mainly deals with the payment of VAT for income from credit card transactions carried out abroad, as well as online purchases on websites abroad. When a customer carries out such...

A review by the chief economist at the Ministry of Finance indicates that in Israel, the corona crisis did not lead to a wave of resignations and a mass exit from the labor market. According to the review, as of June 2022, the employment and participation rates in Israel have somewhat exceeded their pre-crisis level. The employment rate of those aged 15 and over in June 2022 was 61%, 0.1 percentage point higher than before the crisis, and the participation rate (63.4%) exceeded its pre-crisis level by half a percentage point. Nominally, the number of participants in the labor market in June...

Prolonged shutdown of three power plants, for the purpose of carrying out maintenance and renovation work, resulted in a decrease in the operating profit of the OPC company controlled by the Canon company of the Idan Ofer group. OPC, which is managed by Giora Almogi, lost NIS 11 million in the second quarter of 2022, an 85% decrease in loss compared to the corresponding quarter in 2021. The second quarter, which is a transition season in Israel and the US, is the seasonally weakest quarter in OFC's operations. The company operates two power plants in Israel and controls (70%) the American...

Commit, the leading technology services company in Israel, is expanding to new offices, and continues to recruit dozens of employees, who will join its 600 employees worldwide. Commit is a global technology services company with offices in Israel, New York and Europe. The company was established in 2005 and has about 600 multidisciplinary innovation experts, who serve a wide range of companies, from startups in their infancy to product companies and large organizations. Commit is the only one in Israel that provides a comprehensive answer to all the technological needs of its customers and...

The Innovation Authority and the Ministry of Economy and Industry are launching an innovative aid track to increase research collaborations between manufacturing companies and academic institutions, to the extent of NIS 4 million The track will allow manufacturing-oriented industrial companies to order studies from the leading research institutions in Israel in a way that will allow the local industry to incorporate groundbreaking knowledge into products and production processes, advance to the forefront of industrial innovation and take leading positions in global markets

Less than half a year after he started a tender process for the sale of the company he founded, Haim Monheit, an almost unknown entrepreneur, his Elmo from the city of Petah-Tikva for more than 700 million dollars to the giant German concern Bosch. Bosh agreed to pay more than the American company Rockwell Automation and beat it in the tender. One of the biggest exits of a private shareholder in recent years. Elmo is owned by Haim Monheit who founded it in 1988 together with two friends who have since retired. Elmo develops advanced traffic controllers and employs 330 people in Petah...

Apple unveiled the iPhone 14. At its fall event, the technology giant presented the Apple Watch for extreme athletes, AirPods headphones that cancel out even more noise than before, and the iPhone 14 models that for the first time include support for satellite communication and real-time accident detection; All models sold in the US will now only support eSim - what will happen to them in Israel? Just yesterday they were announced at a festive event and already today we are informed of the prices in Israel of the 4 new Apple devices: iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14...

In August, a budget deficit of about one billion shekels was measured, but the accumulated budget surplus in the last 12 months remained at 0.6% of GDP. Everything emerges from data published today (Thursday) by the Accountant General of the Ministry of Finance, CPA Yali Rotenberg. The cumulative surplus since the beginning of the year has dropped to the amount of NIS 34.4 billion - still unprecedented since the state has never had a situation where after eight months there is a surplus of funds in the state budget. What's more, the surplus is about 8% of the annual state budget

As part of the Histadrut's ongoing struggle against the cost of living in Israel, representatives of the Histadrut, social activists, and citizens came Friday afternoon to protest the cost of living in front of the house of the president of the Union of Chambers of Commerce Uriel Lin in north Tel Aviv. The activists waved signs that read, among other things, "The workers are the solution - not the problem", "The tycoons are the engine of the cost of living" and "The state belongs to the workers and not to the tycoons"

A new scientific development may lead to blood tests for cancer diagnosis: Weizmann Institute researchers have located genetic changes in the blood of cancer patients, which may represent a "seal" that will enable early diagnosis of various diseases and cancerous tumors - with a simple blood test. The research findings are published in the scientific journal Nature Biotechnology. Cancer is the world's leading cause of death, even before heart disease, and the diagnosis is often made too late, when the tumor has already spread and the metastases cannot be destroyed. The currently accepted...