Articles

The LOTTE Group, one of the five largest corporations in South Korea, with a turnover of about $ 80 billion a year and a profit of about $ 5 billion a year, is looking for investments in Israel. The owner and chairman of the fifth largest corporation in South Korea, is currently visiting the country and meets with Minister of Economy and Industry Eli Cohen Minister of Economy and Industry Eli Cohen: "I welcome the arrival of the LOTTE company in Israel. The arrival of this company is indicative of the strength and quality of the Israeli market that continues to attract large companies...

The Aeronautics deal was approved by the government. The Social Economic Cabinet, led by Finance Minister Moshe Kahlon, approved the deal in which Rafael government company and businessman Avihai Stolero bought Aeronautics for NIS 850 million. The Aeronautics Group is an Israeli company engaged in the development and production of intelligence-based, unmanned systems solutions for the international security market. The company's center is in Yavne. Following the transaction, Aeronautics' stock will be deleted from the stock exchange and will become a private company. The aerospace...

IAI announces its entry into the onshore field and the establishment of an innovative plant in this area in Be'er Sheva. The plant's products will be at the forefront of global technology in areas such as ground autonomous robotics, terrestrial radar systems such as drone guard for disrupting skimmers and border radar protection. The establishment of the onshore plant in Be'er Sheva is part of the new strategy led by the board of directors and management of the aerospace industry. Tens of millions of shekels will be invested in the establishment of the plant to build innovative...

Welfare Minister Haim Katz on Friday announced his resignation and handed his resignation letter to Prime Minister Benjamin Netanyahu. In his resignation letter Katz denied being credited with the indictment in the stock affair and wrote: "In all my actions as a minister and as a Knesset member, I have acted in a matter-of-fact and impartial manner for the benefit of the public, including employees, pensioners and those with whom they fail. The public mission is my life's mission, For the citizens in every way possible. " Attorney General and legal advisor of the governmentl Avihai...

Gross domestic product (GDP) rose by only 1% in the second quarter of 2019, according to the first estimate for the second quarter, published by the Central Bureau of Statistics (CBS). This is a decline in the growth rate of the economy in the quarter, after an increase of 4.7% in the first quarter of the year, and in the fourth quarter of 2018, an increase of 4.2%. This is the first estimate made by the CBS for the second quarter, based on incomplete sources and expected to be updated later - in the estimate that will be published next month and in October. GDP contraction in Israel joins...

Intel on Tuesday evening at the Hot Chips Conference in Silicon Valley, USA, unveiled the first artificial intelligence chip developed in Israel. In large data centers (compared to the training phase, and to chipsets for end devices). The new chip is based on 10-inch Ice Lake cores, capable of handling 3,600 images per second, at 10 watts. Hundreds of Intel's development center employees in Haifa and the manufacturing plant in Kiryat Gat participated in the new chip development. The chip will go into production this year, but according to an Intel message, Facebook has "already announced...

Israel has transferred more than NIS 2 billion to the Palestinian Authority, following a settlement with the resolving authority part of the crisis over the offsetting law. Recall, since February, the authority has been refusing to take from Israel taxpayers it collects, amounting to NIS 8 billion a year. These are customs duties and other taxes collected from Palestinians, mainly merchants and companies that transport goods through Israel

In the new cemetery in Lod, seventeen-year-old Rina Schenarb, seventeen of Lod, was arrested this morning in a terror attack near the Dolev settlement in Benjamin. Hundreds accompanied her in her last way Rina Schnarb was hit by a sabotage while traveling with her father and brother near the spring of Danny. The brother, Dvir, nineteen, sustained severe wounds from shrapnel. He was analyzed this afternoon at Hadassah Ein Kerem Hospital in Jerusalem, and was told that his condition was stable and that his life was not in danger. The father of the family, Ethan, is hospitalized and his...

Kfar Saba and Tel Aviv are the largest cities that lead the most in the satisfaction of their residents. Jerusalem, on the other hand, remains the most indigenous to the city - according to the CBS data from the 2018 Social Survey. Local cleaning. The Social Survey is an ongoing annual survey of living and welfare conditions in Israel, conducted last year and interviewed by some 7,450 people aged 20 and over, representing about 6.5 million people. Among the topics the survey dealt with were switching between cities, commuting (i.e. getting to work and back) and satisfaction with the major...

Partner and Pelephone appealed a fine imposed on them by the Consumer Protection Authority and will receive back the amount of the fine plus court costs, totaling NIS 968,000 - the Jerusalem Magistrate's Court ruled in an appeal filed by the two companies. This is a monetary sanction imposed on the companies in January 2017, claiming to mislead consumers in various publications where consumers were invited to join them and receive advanced "Generation 4" mobile services, free of charge. The Authority claimed that during the relevant period for publications that began in July 2014, the...