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by Ifi Reporter
Category: Financial
El Al closes a consecutive sixth quarter of an increase in revenue, with the termination of the position of outgoing CEO Avigal Soreq - the company reduced its loss in the first quarter of the year to $ 66 million, compared to a loss of $ 86 million in the first quarter of 2021. Tomorrow, Soreq will officially end his position at the company, and he will be replaced by the new CEO, Dina Ben-Tal Genesia. This is in the days when El Al is dealing with employee sanctions that have also led to the cancellation of several flights
May 18, 2022
by Ifi Reporter
Category: Financial
Cellcom reported the results of the first quarter of 2022, in which it continues the positive trend and shows the highest profit in the last 20 quarters - NIS 28 million, this is the first report under the new CEO Daniel Sapir. Available foreign cash amounted to NIS 52 million, with a growth of 31,000 mobile subscribers in the first quarter compared to the previous quarter, a growth of 6,000 Internet infrastructure subscribers in the first quarter compared to the previous quarter, and a growth of 2,000 TV subscribers in the first quarter compared to the previous quarter
May 18, 2022
by Ifi Reporter
Category: Health
Hospital medical staffs work Thursday morning in a Saturday format in protest of recent cases of violence in medical centers. Protests and demonstrations are taking place in hospitals across the country with the participation of senior Ministry of Health officials. The director general of the ministry, Prof. Nachman Ash, said that this is a "difficult time", but the phenomenon is not new. "We have been dealing with it for a very long time. "In the last few months there have been a number of difficult incidents and there are a lot of small incidents that do not reach the eye of the media and...
May 19, 2022
by Ifi Reporter
Category: Capital Market
The Monetary Committee of the Bank of Israel decided today (Monday) to raise the interest rate in the economy by 0.4 percentage points, so that the interest rate in the economy will now rise from 0.35% to 0.75%. This is the second rise in interest rates in the economy after a previous rise in April. The relatively sharp rise, contrary to the forecasts of most economists for an increase to 0.6%, signals the intention of the Bank of Israel to fight more resolutely to moderate the rate of inflation in Israel. The last time the interest rate reached 0.75% was in July 2014, about eight years ago
May 23, 2022
by Ifi Reporter
Category: Government
At the end of long hours, and after the exchange of attacks between the coalition and the opposition, the proposal to finance studies for discharged soldiers was finally approved tonight (Monday to Tuesday). The Likud agreed to accept a compromise proposal presented at the last minute by Defense Minister Bnei Gantz, according to which the funding will be 75% of the tuition fee, along with an immediate transfer of the money to the fighters. The coalition had a hard time finding the majority for long hours. Ra'am chairman Mansour Abbas pledged to support the vote - but there was no certainty...
May 23, 2022
by Ifi Reporter
Category: Banking
A very successful start to the year for Bank Leumi. According to the Bank's report for the first quarter of 2022 published on Tuesday, its net profit amounted to NIS 1.6 billion, an increase of 23% compared to NIS 1.3 billion in the corresponding quarter last year. In light of the profit, Leumi will distribute dividends to shareholders in the amount of NIS 322 million, which constitute 20% of the net profit. Leumi also enjoyed growth in credit portfolios in the business (11.2%), commercial (9.7%) and mortgage (4.2%) sectors. As a result, as well as the index gaps, the Bank's interest...
May 24, 2022
by Ifi Reporter
Category: Government
Report for 2021 of the employment arm of the Ministry of Economy and Industry: The employment rate of ultra-Orthodox and Arab women in the fourth quarter of 2021 was high compared to 2019, on the eve of the corona crisis, and even reached the employment target set by the government for 2030 - 81%. This is the highest figure in the rate of women among ultra-Orthodox women in Israel, and very close to the employment rate of non-ultra-Orthodox Jewish women, which stood at 83% in the fourth quarter of 2021. However, it is interesting to note that a recently published report by the News...
May 25, 2022
by Ifi Reporter
Category: Politics
Histadrut chairman Arnon Bar-David defeated former Histadrut chairman Ofer Eini in Tuesday's Histadrut elections. Bar-David won 77.78 percent of the vote, while Eini won 22.24 percent, according to the announcement of the Election Commission. The final turnout in the election for the position of chairman was 42.3%, which is 254,000 people - out of 601,000 who have the right to vote. In the elections to the Histadrut conference, Bar-David's faction, Anchors, won 78.6% of the kosher votes, numbering only about 130,000. The All of Us Rock Eye faction won 21.4% of the vote. Bar-David (65) took...
May 25, 2022
by Ifi Reporter
Category: Law
Teva continues to sign compromises in the opioid case - which indirectly caused the deaths of 500,000 drug users in the U.S., amid addiction to these substances - that has plagued the stock in recent years. Acquired by ABBVIE -0.36% in 2019. The two companies will jointly pay $ 161.5 million. In practice, Teva will pay the state $ 75 million over a 15-year period, along with hassle and legal costs of $ 8 million. Teva will also supply the Narcan drug over a 10-year period worth $ 27 million. West Virginia has already reached agreements with Johnson & Johnson, by the way
May 26, 2022
by Ifi Reporter
Category: Government
The government is expected to approve at its weekly meeting on Sunday a plan to promote and expand economic ties between Israel and Egypt. The plan was formulated following visits by the Prime Minister, the Foreign Minister, the Minister of Economy and the Minister of Energy to Egypt over the past year, as well as the Egyptian Foreign Minister's visit to Israel. Among the goals of the program: assistance to significantly increase long-term and broad-ranging engagements between companies, organizations and governments of the two countries; Significantly increase knowledge exports, civic...
May 27, 2022