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Category: Government
Minister Benny Gantz, chairman of the state camp, announced his resignation from the emergency government, citing failures in addressing critical issues and the need for a renewed political direction. Gantz's departure comes after his ultimatum for implementing a new action plan went unmet. Addressing Failures and Vision for the Future In a poignant statement, Gantz reflected on the challenges faced during his tenure, particularly following the events of October 7th. He emphasized the necessity of prioritizing the good of the State of Israel above political considerations and...
Jun 10, 2024
Category: Financial
After extensive negotiations spanning over a year with both Airbus and Boeing, El Al Airlines, controlled by the Rosenberg family, has decided to exclusively negotiate with Boeing for its new aircraft fleet. The decision marks a significant milestone for the company, leading to the largest strategic agreement in its history. Boeing Deal Details El Al plans to purchase and lease approximately 30 Boeing 737 Max narrow-body aircraft, with an estimated value of $2-2.5 billion. Deliveries are expected to commence in 2027 and span several years, rejuvenating and expanding the airline's...
Jun 10, 2024
Category: Government
Hours after Hamas submitted its response to the proposal for a hostage deal and a cease-fire, Israel made it clear: the terrorist organization actually rejected the Israeli outline, as presented by US President Joe Biden in his speech at the end of last month
Jun 10, 2024
Category: Politics
In a late-night session, the Knesset approved, by a majority of 63 consecutive legal application votes, the draft law for the security service, effectively endorsing Prime Minister Benjamin Netanyahu's proposal for an exemption from conscription. The vote saw Defense Minister Galant opposing the proposal, drawing applause from the opposition
Jun 10, 2024
Category: Real Estate
Data released by the Central Bureau of Statistics (CBS) reveals a robust performance in Israel's real estate sector, with April witnessing a notable surge in apartment sales despite a seasonal slowdown attributed to the Passover holiday. While the month recorded 6,892 apartment sales, marking a 13% decline from March figures, analysts assert that when adjusted for seasonal effects, April actually witnessed a 3.7% increase in sales compared to the previous month. Market Adaptation to New Interest Rates Spurs Growth A stark contrast is drawn to April 2023, where only 3,863 apartments...
Jun 13, 2024
Category: Capital Market
A big surprise with the publication of the consumer price index: the index for the month of May rose by only 0.2%, just like in May last year, and below the forecasts of the analysts who expected it to be between 0.5% and 0.7%. Because of this, the annual inflation rate remains at 2.8%, and still meets the target set by the government (1%-3%)
Jun 14, 2024
Category: Government
The IDF has released the names of two soldiers who lost their lives in the northern Gaza Strip, identified as Capt. (res.) Eitan Koplowitz, 28, from Jerusalem, and Sergeant Major (res.) Ilon Weiss, 49, from Psagot. Two additional fighters from the 129th Battalion of the 8th Armored Brigade were seriously injured during the operation
Jun 16, 2024
Category: Government
Another disaster in the Gaza Strip: Sergeant Zur Avraham was killed on Sunday and three other fighters were seriously and moderately injured, after the building he was searching collapsed in part after an explosive device was activated. Also, the name of Sergeant Shalom Menachem who fell in the NMR disaster in Rafah was allowed to be published
Jun 16, 2024
Category: Law
In a significant legal development, the High Court of Justice has temporarily halted State Comptroller Matanyahu Engelman's audit procedures concerning the IDF and Shin Bet's actions before and after the October 7 Hamas attack. The decision, pending a forthcoming hearing next month, was reasoned by Judge Gila Knafi-Steinitz citing concerns over the audit's potential impact on national security and operational readiness during a complex security climate.
Jun 16, 2024