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A fall in potash and phosphate prices resulted in a 57% drop in Israel Chemicals (ICL) 's net profit in the first quarter of 2020, totaling $ 60 million - 5 cents a share. ICL's revenue, managed by Reviv Zoller, fell 7% in the first quarter of 2020 compared to its corresponding quarter in 2019, totaling $ 1.3 billion - 4% more than the analysts' forecasts. The decrease in ICL's revenues (-2.89% 1210) was due to a 15% ($ 44 per tonne) drop in potash prices in the last quarter compared to the corresponding quarter, to $ 250 per ton. ICL was also hit by a fall in the price of green phosphoric...

Health Ministry Director Moshe Bar Siman-Tov announced Tuesday morning to Prime Minister Benjamin Netanyahu and Health Minister Yaakov Litzman about his desire to resign. In a letter he sent to the two, he wrote that "upon the establishment of the government, I would like to announce my resignation from the office of the Director General. The State of Israel service is the greatest privilege. After almost 20 years in public service, of which five years as Director General of the Ministry of Health, it is time to move on. "I am proud of my years as CEO and especially in dealing with the...

Despite the opening of malls and shopping malls, the retail chain industry holds the highest rate of paid leave without leave (ILS): 33% of retail chain employees are still on vacation, compared to an average of 18% in May. The highest among the economic sectors, with the lowest rate recorded in the finance and insurance sectors, where 5.2% of employees are still in the foreign currency. This data comes from a fourth Bezeq survey in May, published by the Central Bureau of Statistics, to examine the state of the business when the Corona virus spread. He has three surveys conducted by the...

US Secretary of State Mike Pompeo comes to Israel for about eight hours to discuss Netanyahu with two key issues: Iran and China. Washington is very unhappy with the acquisition of Israeli infrastructure by China. It is about the two ports of Israel in Haifa and Ashdod and that China is the one that will establish Israel's new ports. Alongside these, the US is unhappy with the acquisition of Beijing's Tnuva and Dor Alon Tabor power plant. In statements by Prime Minister Benjamin Netanyahu; Blue and White chairman Benny Gantz; and designated foreign minister Gabi Ashkenazi, after meeting...

First signs of the impact of the Corona crisis on the housing market: According to the Central Bureau of Statistics, between January and March, 8,090 new apartments were sold, down 11.4% from October to December, where 9,130 ​​apartments were sold. This is the first official figure that reflects the state of the field's sales, following the companies' reports that since the beginning of the restrictions on the sale of apartments, they were almost completely stopped

The Bank Hapoalim published its financial results for the first quarter of 2020, and the Corona crisis was clearly evident with a sharp 76.6% drop in net profit to NIS 192 million. Bank Hapoalim is the first of the banks to publish its Q1 reports. The decrease in net profit is a significant increase in NIS 757 million in credit losses, including a group provision of NIS 603 million due to uncertainty over the effects of the Corona crisis and a preliminary step to the possibility of borrowers, including large borrowers such as a fuel group that will find it difficult to meet payments. The...

The National Institutes of Health said it began a study to evaluate the combination of antibiotic azithromycin and malaria drug hydroxychloroquine, which was previously touted by U.S. President Donald Trump as a "game changer" for the treatment of COVID-19. The study, for which Teva Pharmaceutical Industries Ltd will be donating medicines, will assess whether the combination can prevent hospitalization and death from COVID-19, the coronavirus respiratory disease. The National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health, is sponsoring...

After three election campaigns - Israel has a new government: The Knesset plenary on Sunday approved a majority of 73 Knesset supporters against 46 opposing the 35th state of Israel led by Prime Minister Benjamin Netanyahu and Alternate Prime Minister Benny Gantz. Broadcasts live declaration of allegiance by new government ministers One by one, the new government ministers came up and declared: "I pledge as a member of the government to maintain allegiance to the State of Israel and its laws, to fulfill my role as a member of government and to comply with the Knesset's decisions

The Ministry of Health on Monday updated that no new infections were detected in Israel since Sunday. the number of confirmed patients is 16,621, withno new infectios were detected in Israel since Sunday with 3,335 of them defined as active patients. 57 patients are in serious condition, including 47 respirators. The number of victims remains at 272 and the number of recoverers is 13,041. The Ministry of Health also noted that a total of 2,417 tests were performed last night. The highest number of patients was diagnosed in Jerusalem - 3,670 patients - and 64,231 tests were performed...

A month has passed since the easing of the closure began, but the numbers in the labor market have not yet shown recovery. At the height of the crisis, more than a million and 150,000 jobseekers were registered at the Employment Service at the end of April. The updated Employment Service figures show that since the release of the economy after the Passover began, on April 19, 2020, 94,000 new jobseekers have registered, while the number of reported to the Employment Service for returning to work or eliminating ISA stands at 86,000. Job seekers continue to grow.The Employment Service...