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The agreement on the  maritime border between Israel and Lebanon was placed in the Knesset
605 Views Details

by Ifi Reporter

Category: Government

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...

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Oct 12, 2022

The European low-cost company Wizz Air will operate flights from Ramon airport near Eilat
228 Views Details

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

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Oct 12, 2022

UBS: Tel Aviv climbed to 8th place of cities in the red zone of high prices - Bubble will burst soon
747 Views Details

by Ifi Reporter

Category: Government

Every October, the Swiss bank UBS published the annual "Global Real Estate Bubble Index" report, which examines real estate prices in major cities around the world. This year, Tel Aviv climbed to eighth place out of twenty-five cities, and is in the red zone, indicating the Clear formation of a bubble. For comparison, last year Tel Aviv was ranked seventeenth out of twenty-five cities, and was marked in a yellow zone, which means "overestimated". This year it climbed nine places - a particularly steep rise - and one of the analysts who compiled the report, Matthias Holzi, even predicts the...

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Oct 12, 2022

 Israeli chip company Banias Labs was sold to the Canadian Alpha-Wave for $240 million in cash
204 Views Details

by Ifi Reporter

Category: Financial

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

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Oct 13, 2022

Tel Aviv University is ranked first among Israeli universities in the world rankings: 201-250
49 Views Details

Tel Aviv University is ranked first among Israeli universities in the ranking of the best universities in the world by the British magazine Times Higher Education, which deals with education matters. Tel Aviv was ranked between places 250-201 in the ranking - ahead of the Hebrew University in Jerusalem which is ranked between places 350-301. The Technion in Haifa between 500-401, Bar Ilan and Haifa University between 800-601, Ben Gurion and the Interdisciplinary Center between places 1000-801 and Ariel University after place 1201

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Oct 14, 2022

 Annual inflation in Israel remained at a rate of 4.6% - Housing prices rose by 19%
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From data published today (Friday) by the Central Bureau of Statistics (CBS), it appears that the consumer price index for the month of September rose by 0.2% compared to the previous month - slightly higher than forecasts. Thus, the annual inflation in Israel remained at a rate of 4.6%, this after the spike recorded in July , then the inflation rate reached 5.2%. Since the beginning of the year, the consumer price index rose by 4.3%

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Oct 16, 2022

Elbit Systems is signing a contract with the US Army in the amount of107 million dollars
1167 Views Details

by Ifi Reporter

Category: Hitech

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...

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Oct 17, 2022

Google started operating its servers in Israel - Partner started connecting its customers
156 Views Details

by Ifi Reporter

Category: Hitech

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

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Oct 17, 2022

Ministrer of Economy and Industry Orna Orna Barbivay will visit Turkey to promote economic ties
292 Views Details

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...

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Oct 18, 2022

Shufersal intend to lead aggressive cuts of NIS 300 million a year and lay off 250 employees
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by Ifi Reporter

Category: Financial

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

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Oct 18, 2022

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