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Start Up — 23
Soon: The Tax Authority wants to impose VAT on currency conversion fee for credit cards
64 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...

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Aug 25, 2022

"Corona crisis did not lead to a wave of resignations and a mass exit from the labor market"
149 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...

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Aug 25, 2022

Discount Bank will provide compensation to 25K customers in the amount of NIS 6.5 million
78 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...

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Aug 26, 2022

OPC's revenues in Q2 grew by 18% to NIS 405 million - Operations in the US rose by 24%
80 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...

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Aug 26, 2022

Commit the leading technology services company expanded: continues to recruit dozens of employees
57 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...

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Aug 29, 2022

Israir announced it's second Quarter revenues amounted to $84 million -  an increase of 42%
157 Views Details

by Ifi Reporter

Category: Financial

Israir airline, controlled by Rami Levy and Shalom Haim, presented in its reports for the second quarter and the first half of 2022 a considerable improvement in results, mainly thanks to the crowds of Israelis who storm the trips to the beach in nearby holiday destinations in the Mediterranean, to which the company flies. ' Revenues in the quarter amounted to $84 million compared to $59 million in the corresponding quarter in 2019 - an increase of 42%. The net profit amounted to 4.5 million dollars, compared to a loss of 2 million dollars in the corresponding quarter. In addition, the...

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Aug 30, 2022

Fuel will be cheaper tonight: Price of Gasoline will be reduced by 0.21 shekel per liter
73 Views Details

by Ifi Reporter

Category: Financial

Fuel will be cheaper on the night between Wednesday and Thursday by 0.21 shekels: the maximum price for a liter of unleaded 95 octane gasoline for a consumer at a self-service station (including VAT) will not exceed NIS 6.37 per liter. The surcharge for full service will be 21 shekels per liter (including VAT) m), unchanged from the previous month. This is the lowest price since August a year ago, when the price per liter was NIS 6.36. The maximum price per liter of unleaded 95 octane gasoline for a consumer at a self-service station in Eilat (without VAT) will not exceed NIS 5.44 per...

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Aug 30, 2022

A marketing manager at Google protested cooperation with Israel claims harassment and resigned
89 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...

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Aug 31, 2022

Sentinel One revenues more than doubled to $102.5 million in the second fiscal quarter
191 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...

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Sep 1, 2022

 2,496,000 kindergarten children and school students start the school year this morning
84 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...

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Sep 1, 2022

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