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Start Up — 23
Israel Bank: The volume of mortgages taken out by home buyers in October dropped by 21%
296 Views Details

by Ifi Reporter

Category: Real Estate

The volume of mortgages taken out by home buyers in October dropped by 21% compared to September - according to data published today (Sunday) by the Bank of Israel. The banks marketed mortgages amounting to only NIS 6.089 billion, compared to NIS 7.7 billion in September. Compared to October 2021, this is a decrease of 43%

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Nov 13, 2022

 Netanyahu received the mandate to form a government:  I'll be everyone's prime minister
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by Ifi Reporter

Category: Politics

The battle for the government offices continues, and at the same time in the President's house, Netanyahu received the mandate: President Yitzhak Herzog assigned the job of forming the government to Prime Minister-elect Benjamin Netanyahu, who is expected to soon form a sixth government under his leadership. In the "parade of recommenders" held last week at the president's residence, the Likud chairman obtained 64 recommenders, and these are also expected to be his future partners in the 37th government and the Knesset.

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Nov 13, 2022

Annual inflation rose to over 5% - CPI in  October rose surprisingly by 0.6% and housing by 20%
242 Views Details

The consumer price index was a surprise, rising by 0.6% compared to expectations of 0.5-0.4% and sending annual inflation to over 5%, 3.1 percentage points above the price stability target set by the government. In a properly functioning economy that is growing, the desired annual inflation (the rate of price increase) must range between 1% and 3%, so the governor of the Bank of Israel is not really smiling at the data. The increase in the index was expected since in October the promotions ended for both fresh vegetables and fruits (which increased by 4.1%), and for clothing and footwear...

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Nov 15, 2022

 The 25th Knesset members Pledge of Allegiance and right away enjoyed a salary raise of 1,800 NIS
463 Views Details

by Ifi Reporter

Category: Government

The salary of the president, the prime minister, the ministers, the deputy ministers, the members of the Knesset, the judges and all those close to them will be updated in the January 2023 salary according to estimates by about 4%. The MKs will receive an additional NIS 1,810 gross per month, the ministers will receive an additional NIS 2,027, the Prime Minister and Speaker of the Knesset will receive an additional NIS 2,253 and the President will receive an additional NIS 2,586. On Tuesday, the 25th Knesset was sworn in. All members of the Knesset swore allegiance. State President Yitzhak...

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Nov 15, 2022

The rate of growth in Israel is slowing:  GDP the in 3rd quarter grew at an annual rate of only 2.1%
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The rate of growth in Israel is slowing: the domestic product grew in the third quarter of 2022 at an annual rate of only 2.1%. This, compared to growth at an annual rate of 7.3% in the second quarter - this is what the Central Bureau of Statistics announced today. The more alarming figure appears when you take into account the growth in Israel's economy in relation to the rate of local population growth: the growth per capita in Israel - dividing the total growth by the number of people - actually shrank in the third quarter by 0.2% on an annual basis

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Nov 16, 2022

Palo Alto Networks acquires Cider Security for $300 million in a cash and stocks
785 Views Details

by Ifi Reporter

Category: Hitech

Palo Alto Networks acquires Cider Security for $300 million in a cash and stock deal. The transaction amount also includes a retention package for employees that will ensure that they remain with the company after the acquisition. According to sources involved in the transaction, it will be carried out in a combination of shares and cash, with the cash component amounting to $200 million, and $100 million in shares. This is Palo Alto's eighth acquisition in Israel, and the most prominent of them is the acquisition of the Israeli startup Demisto - in a huge deal of 560 million dollars in...

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Nov 17, 2022

profit of the aerospace industry in the nine months of 2022 jumped by 54% to 202 million dollars
173 Views Details

by Ifi Reporter

Category: Financial

The net profit of the aerospace industry in the nine months of 2022 jumped by 54% compared to the corresponding period last year and was about 202 million dollars. In this way, this is the most profitable period in the history of the company, which published its financial statements this morning (Thursday). Referring to the third quarter alone, the company's net profit jumped by about 135% compared to the corresponding quarter last year and amounted to about 73 million dollars

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Nov 17, 2022

Record results for Camtech: earned $21 million in the 3rd quarter - an increase of 12%
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by Ifi Reporter

Category: Hitech

Camtech, which develops and manufactures test and measurement equipment for chip manufacturers, also presented record results in the third quarter of 2022 - in which it met the revenue forecast and exceeded the earnings per share forecast. In the third quarter of 2022, Camtech earned $21 million, which is 43 cents per share based on US GAAP, an increase of 12% compared to the corresponding quarter in 2021. Camtech's revenue, which is managed by Rafi Amit, grew by 16% compared to the corresponding quarter in 2021 - lower than the growth rate of 18% in the second quarter of the year - and...

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Nov 17, 2022

Israel is a start-up nation in smart cities but in many of them innovation is not implemented
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by Ifi Reporter

Category: Hitech

"Israel is a start-up nation also in the field of smart cities, with many technologies being developed there, but in many cities in the country, especially in the periphery, this innovation is not implemented - and they are left behind. There is a big gap between innovation in general, and Israeli innovation in particular, in the field of smart cities and Its implementation in Israel," said Haim Bibbs, chairman of the Local Government Center. Biebs said the words at a reception held by the Israeli delegation to the international conference and exhibition of the smart cities at the Fira de...

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Nov 18, 2022

Demand for software developers has been cut by 37% within 6 months
239 Views Details

by Ifi Reporter

Category: Hitech

The demand for software developers has been cut by 37% within six months, according to the vacancy survey published by the Central Bureau of Statistics (CBS). The survey shows a continued downward trend in the overall scope of demand for workers in Israel, possibly due to preparations for an economic slowdown. The number of vacancies in Israel in October 2022 reached 147 thousand jobs - a decrease compared to 151 thousand vacancies in September. The rate of vacancies out of all jobs in the economy reached 4.7% in October, compared to 4.8% in September - and after a record of 5% in February...

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Nov 19, 2022

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