Articles

Categories

Agriculture — 12
Banking — 36
Capital Market — 198
Communication — 90
Financial — 264
Government — 476
Health — 374
Hitech — 259
Law — 112
Politics — 114
Real Estate — 71
Start Up — 23
Soon: The Tax Authority wants to impose VAT on currency conversion fee for credit cards
83 Views Details

by Ifi Reporter

Category: Financial

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...

Read More

Aug 25, 2022

"Corona crisis did not lead to a wave of resignations and a mass exit from the labor market"
172 Views Details

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...

Read More

Aug 25, 2022

Discount Bank will provide compensation to 25K customers in the amount of NIS 6.5 million
104 Views Details

by Ifi Reporter

Category: Banking

Discount Bank will provide compensation in the total amount of NIS 6.5 million to approximately 25,000 customers, who held accounts defined as "deposits without movement", from February 14, 2011 to July 31, 2022, and whose money was invested in the purchase of index-linked bonds pursuant to the provisions of the Banking Decree. This is according to a compromise recently approved by Judge Iris Rabinowitz Baron in the Central District Court, as part of a class action lawsuit filed against the bank five years ago. "Non-moving deposits" are defined in the banking order as "a deposit whose...

Read More

Aug 26, 2022

OPC's revenues in Q2 grew by 18% to NIS 405 million - Operations in the US rose by 24%
105 Views Details

by Ifi Reporter

Category: Health

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...

Read More

Aug 26, 2022

Commit the leading technology services company expanded: continues to recruit dozens of employees
79 Views Details

by Ifi Reporter

Category: Hitech

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...

Read More

Aug 29, 2022

A marketing manager at Google protested cooperation with Israel claims harassment and resigned
118 Views Details

by Ifi Reporter

Category: Politics

Ariel Koren, a marketing manager at Google who was one of the leaders of the protest against "Nimbus", the company's agreement with Israel, has announced that she is resigning from the company. According to her, Google tried to harass her following her activism. Koren, a 28-year-old American of Jewish origin, feared that the technology that Google would provide to Israel would harm the Palestinians. Koren worked in the field of educational products at Google for seven years. For more than a year, she organized the protest against Nimbos, a $1.2 billion contract under which Google and...

Read More

Aug 31, 2022

Sentinel One revenues more than doubled to $102.5 million in the second fiscal quarter
224 Views Details

by Ifi Reporter

Category: Hitech

The cyber industry is protected from a global slowdown, at least according to the financial reports of the Israeli Sentinel One that were published after the lockdown in New York. The company, which deals with the detection and prevention of cyber attacks, performed better than expected and also raised the forward forecasts - accordingly the stock rose by 4% in late trading. Sentinel's revenue more than doubled to $102.5 million in the second fiscal quarter, which ended in late July. The annual revenue rate (ARR) also jumped 122% to $438.6 million. Sentinel also improved its gross profit...

Read More

Sep 1, 2022

 2,496,000 kindergarten children and school students start the school year this morning
111 Views Details

by Ifi Reporter

Category: Government

The 2,496,000 kindergarten children and school students start the school year this morning. At the last moment, the Ministry of Finance and the teachers' organization reached an agreement, and the high schools will also open this year as a series. The first day will be devoted mainly to festive ceremonies and meetings with the friends and teachers, introduction to the new education teams and disclosure of regulations and the annual timetable. The supervised nurseries will not start the year due to the staff strike. According to the data of the Ministry of Education, 544 thousand children...

Read More

Sep 1, 2022

Aid track to increase research collaborations between manufacturing companies and Universities
121 Views Details

by Ifi Reporter

Category: Government

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

Read More

Sep 2, 2022

The average salary of Israeli workers in June was NIS 12,522 - 3% increase
92 Views Details

by Ifi Reporter

Category: Government

The average salary of Israeli workers in June was NIS 12,522, 3% higher than the average salary in June of last year, according to data from the Central Bureau of Statistics published on Sunday. This is also an increase of about 4%-6% relative to the months of May and April, which indicated a downward trend in the average salary. It should be noted that in the month of June, many workers are paid recovery fees, so it cannot necessarily be concluded from this that there is a change in the trend. In addition, the real average salary - deducted from the monthly consumer price index was NIS...

Read More

Sep 4, 2022

Testimonials

No testimonials. Click here to add your testimonials.