Articles

Most of the banks in Israel again did not pass on the full interest rate increases to citizens' deposits, the Bank of Israel published today (Sunday) a first comparison between the average interest rates given by each of the banks in Israel in practice for deposits and for credit. The data is expected to be updated once a month, thus helping the public to compare the conditions given by the various banks and, if necessary, to bargain and even switch banks. However, while the data may help customers compare, it does not present a complete picture

The Supreme Court ruled Sunday that opposition leader Binyamin Netanyahu will be required to return money given to him and his wife by his cousin Natan Milikovski to finance their legal expenses during his tenure as prime minister. The Supreme Court explained that these funds were given in violation of the Public Service Law - known as the "Gift Law" - and therefore Netanyahu must return to the estate of his late cousin $270,000 out of the $300,000 he received from him

The agreement on the demarcation of the northern maritime border between Israel and Lebanon was placed on the Knesset table on Wednesday evening, during the recess. Earlier, the government approved not to vote on the agreement in the Knesset. The cabinet approved the agreement and so did the government. Minister Ayelet Shaked voted against it. Knesset Speaker Miki Levy and Knesset Secretary Dan Marzok presented the agreement to an empty plenary. "I heard the security officials and learned the details of the dispute and understood the importance and necessity of the agreement. During my...

The European low-cost company Wizz Air is coming to Ramon Airport and will offer Israelis direct flights from Ramon to destinations in Europe. The company will start operating two weekly flights to Vienna in Austria and Rome in Italy starting this December. The first flights are scheduled to take off on December 17

The Israeli chip company Banias Labs of Mahod Hasharon, founded by the entrepreneur and investor Avigdor Vilanz, was sold to the Canadian company Alpha wave for $240 million in cash, according to an announcement published today on behalf of the companies

The Israeli defense industry company Elbit Systems is benefiting from the tense geopolitical situation and the increase in defense budgets in many countries around the world following the war in Ukraine and has signed contracts worth hundreds of millions of dollars. The company announced that it is signing another contract with the US Army, in the amount of 107 million dollars, for the supply of night vision systems. These are improved night vision goggles - binocular systems (ENVG-B), spare parts, logistical support, and test equipment, for The army, which is expected to be delivered...

Google has started operating its servers in Israel and Partner has already started gradually connecting its customers to the company's servers, mainly DNS servers. This means: connecting to a local server and not to the servers abroad that the providers use today, which allows faster access to websites and applications (but not a higher browsing speed) as well as less congestion during peak hours. That is, the consumer will enjoy faster updates now, than through the Internet provider His

Minister of Economy and Industry, Orna Barbivay, is leaving this morning for a professional visit to Ankara during which a series of meetings will be held with the aim of strengthening the economic and trade relations between the countries. The visit is being held in cooperation with the Ministry of Foreign Affairs and the Minister will be joined by the Director of Foreign Trade Administration at the Ministry of Economy Mr. Ohad Cohen, Deputy Director of Economics at the Ministry of Foreign Affairs Ms. Yael Rabia Zadok, the Israeli Ambassador to Turkey Ms. Irit Lilian and the Economic...

Four months after Yitzchak Abarkhan returned to Shufersal, this time as chairman, and led to the appointment of Uri Waterman as CEO of the company, in the coming weeks the two intend to lead an aggressive streamlining program for the company. Restoring the operating profitability of the food stores to a level of 3.5%-4% will require a cut of NIS 250-300 million per year in the company's operating expenses in view of the erosion of its market share

The Accountant General's Division in the Ministry of Finance publishes the data of the state's tax revenues for the month of September 2022, which in fact summarizes the state's tax revenues in the first three quarters of the year. In September 2022, the state's tax revenues amounted to NIS 35.1 billion, a fairly high amount, but in the analysis of the revenues for the month of September, it must be taken into account that in September 2021, a collection estimated at approximately NIS 8.2 billion was postponed to October 2021 due to the holidays