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by Ifi Reporter
Category: Capital Market
In a heartfelt response to the ongoing challenges faced by children and teenagers affected by the recent conflict in Israel, Discount Bank has announced the establishment of the "Keren Or" fund. This dedicated aid fund, established in partnership with a mercantile bank, will provide NIS 50 million to address the complex needs of these young individuals, focusing on physical and emotional healing and community security
Oct 14, 2023
by Ifi Reporter
Category: Government
Home Front Command and the Ministry of Education have jointly announced plans to allow partial educational activities in areas considered low-risk ("yellow" authorities). This decision, effective immediately, is contingent upon the presence of nearby protected spaces
Oct 14, 2023
by Ifi Reporter
Category: Financial
Bank of Israel has unveiled a comprehensive plan aimed at providing financial relief to the public in the wake of ongoing regional conflict. This plan, set to be in effect for at least three months, divides the population into two groups with varying levels of support
Oct 15, 2023
by Ifi Reporter
Category: Capital Market
Israel's consumer price index for September has dropped by 0.1% compared to August, leading to a decrease in the annual inflation rate from 4.1% in August to 3.8%. The unexpected drop in inflation is bolstering expectations that the Bank of Israel will not raise interest rates at its upcoming October meeting, taking into account the slowing inflation and the economic impact of the recent conflict.
Oct 15, 2023
by Ifi Reporter
Category: Law
In response to a petition seeking to compel Israel's largest airline, El Al, to operate flights on Saturdays (Shabbat) during the ongoing war, the Israeli government, including Defense Minister Yoav Galant and Transportation Minister Miri Regev, has issued a joint response. The petition was submitted to the High Court, and the government's response seeks to reject it outright
Oct 17, 2023
by Ifi Reporter
Category: Government
The Ministry of Education has confirmed that starting tomorrow, Wednesday, a gradual return to kindergartens will also be possible in the Gush Dan area, the Shefala, the Dead Sea and the Bekaa, according to the defense instructions of the Home Front Command. At the same time, today the Ministry of Education announced the resumption of classes in after-school and long-day education settings in localities where there is educational activity
Oct 17, 2023
by Ifi Reporter
Category: Capital Market
In a joint initiative spearheaded by the Ministry of Economy, Industry, and the Association of Industrialists, along with the Employment Service, Israel has launched a nationwide campaign urging citizens to step up and enlist for essential roles within the industrial and commercial sectors. The primary goal of this initiative is to ensure a continuous supply of food and vital products to both civilians and soldiers, addressing a severe shortage of workers caused by multiple factors
Oct 18, 2023
by Ifi Reporter
Category: Real Estate
Rublic transportation in Israel is set to operate in an emergency mode over the upcoming weekend, with limited details available, as confirmed by the Ministry of Transportation. Last week, the Ministry announced a limited schedule for the weekend just hours before services began. It is expected that the public transportation services for this Friday and Saturday will resemble the ones provided last weekend, where certain bus lines extended their hours until 10:00 p.m. on Fridays and began operations at 6:00 a.m. on Saturdays
Oct 19, 2023
by Ifi Reporter
Category: Banking
In a response to the recent conflict in the Gaza Strip, two major Israeli banks have unveiled plans to provide relief to homeowners located in areas near the border. Bank Hapoalim and Mizrahi Tefahot Bank are offering mortgage payment exemptions to residents affected by the hostilities, in addition to the broader outline provided by the Bank of Israel earlier this week
Oct 20, 2023
by Ifi Reporter
Category: Financial
Since the outbreak of the war, nearly 7,000 foreign workers have left Israel, posing a significant challenge to the country's labor force. According to data collected by the Administration of Foreign Workers at the Population and Immigration Authority, the departure of foreign workers is affecting various sectors of the economy
Oct 21, 2023