The Teva plant in Netanya will be closed by the end of next year, and about two hundred and forty workers will be fired. This was the decision of the Company's management. The laid-off employees are part of the 1,700 employees the company decided to lay off at the end of last year. The Nature Plant of Netanya produces the active part of various drugs, and is considered less profitable. Shaul Amsterdsky writes that this production activity is expected to be pressured into Israel Billionaire Warren Buffett is investing in the Israeli drug manufacturer Teva. Buffett's investment company,...
Orkam's founders Amnon Shashua and Ziv Aviram announced a $ 30 million financing round. This round turned Orckem's value to $ 1 billion. The company has developed glasses for the blind, and they have a unique camera that scans and reads to the one that each text contains, and even recognizes faces and products. In anticipation of the expected IPO in the coming year, the company is interested in raising another $ 100 million and reaching a company value of $ 2 billion. "I think the potential of the company is far greater than that of Mobily," said CEO and founder Ziv Aviram after the...
Intel will invest 5 billion $ in it's plant in Kiriat Gat. In a meeting held at the Ministry of Economy with the participation of Industry and Trade Minister Eli Cohen, Director General Shai Rinsky, Investment Authority Director Nahum Itzkovich and Chief Scientist Ami Appelbaum and representatives of Intel, CEO Yaniv Garti and plant manager Danny Ben Attar, The company intends to expand the production activity at its plant in Kiryat Gat, already during the current year, with an investment of $ 5 billion, which will be completed by 2020.
The investigation of the downing of the Israeli plane by a Syrian missile shows that the pilot was wrong and did not act as required. The pilot's actions were not in the order of priorities that had to be taken when he was shot down. The pilot had to operate defense systems that were apparently preventing the missile from being hit, but he chose to continue the attack and was injured. As a result of the injury, the pilot activated the exhaust seats. He was badly injured and the navigator was lightly injured.
The government unanimously approved the Finance Minister's proposal for the State Budget and the 2019 Economic Plan * The state budget in 2019 will amount to NIS 397.3 billion, the education budget will amount to NIS 60 billion,