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Category: Capital Market
The opening of IKEA branches on Wednesday is questionable: Hours after the Swedish furniture chain announced yesterday that it would open all branches today, the Ministry of Health announced that it would not allow it. 'The Ministry of Health did not give permission for the shops to open. The ministry's position is that a furniture store, including IKEA, is not a place whose main business is selling essential products for home maintenance, "the ministry said. In the IKEA environment, it is said that the Ministry of Health does not have the authority to determine this, and the chain's...
Nov 10, 2020
Category: Hitech
American Snap, the parent company of the social network Snapchat, acquires the Israeli company Voca.ai. The purchase amount of Voca is about $ 70 million, having so far raised only $ 6 million. Its investors include the strategic investment group of American Express, Lool Ventures, Flint Capital and Group11. The company employs about 35 people who will join Snap. Voca was founded in 2017 by Dr. Alan Becker, and Einav Itamar. Its most recent significant acquisition was in 2019, when it invested in the investment fund of the American credit card giant American Express. Mastercard.
Nov 11, 2020
Category: Real Estate
A 68% jump in the number of new dwellings sold in September this year, which stood at 3,459 compared to 2,050 sold last September; This emerges from data from the annoying bureau of statistics published on Thursday. According to the data in total in the third quarter of 2020 (July-September 2020), 10,140 new apartments were sold - a jump of about 19% compared to the corresponding quarter last year, in which 8,467 new apartments were sold. The CBS data is similar to the analysis of the chief economist at the Ministry of Finance, Shira Greenberg, published on Sunday. According to Greenberg,...
Nov 12, 2020
Category: Health
The reproduction number R, the way of rating coronavirus or any disease's ability to spread, which is the essential figure for determining the following reliefs, reached 1 Friday for the first time since leaving the quarantine. The last time this level of R was recorded was at the end of September. Data from the Ministry of Health show that the overall R is 1.0. The figure in general society is 0.94, among the ultra-Orthodox - 0.92, while among Arabs it is higher - 1.07. According to the outline of the head of public health services at the Ministry of Health, Dr. Sharon Elrai Price, the...
Nov 13, 2020
Category: Health
Prime Minister Benjamin Netanyahu and Health Minister Yuli Edelstein announced on Friday afternoon in the Kirya in Tel Aviv the completion of the deal with the pharmaceutical giant Pfizer to supply vaccines against Corona to Israel. The agreement relates to the purchase of eight million portions to be given to four million Israelis - two portions per person. Netanyahu also said that he was working to obtain vaccines for all citizens and noted that he was trying to promote Israel as a global leader. However, he clarified that the vaccines have not yet been approved by the US and Israeli...
Nov 13, 2020
Category: Government
The Labor and Welfare Committee today (Sunday) approved for the second and third reading the outline proposed by the committee's chairman, MK Haim Katz,for the government to finance most of the isolation days of the workers. According to the outline, workers will bear the cost of only one day and will be deducted up to four sick days. The state will reimburse the employer for 75% of the cost of isolation for employers up to 20 workers, and 50% of the cost for the rest. The indemnity will be provided through the National Insurance Institute
Nov 15, 2020
Category: Government
The Corona Cabinet on Monday approved the return of fifth, sixth- and eleventh-twelfth-grade students in green and yellow localities to school, and the immediate opening of open shopping centers in green localities. According to the cabinet decision, students in grades 5-6 will return to classes next Tuesday (November 24), while students in grades 11-12 will return on Tuesday in the following week (December 1). In addition, the "Green Tourism Islands" program has been approved. At the beginning of the discussion, Prime Minister Netanyahu and Defense Minister Ganz presented a draft...
Nov 16, 2020
Category: Government
The government and the student union have agreed on an economic plan for students affected by the corona crisis, amounting to NIS 800 million. The program consists of three main components of assistance - expanding the system of scholarships for students, promoting youth employment and a one-time reduction in the payment of security fees to academic institutions. This is in fact the addition of scholarships and discounts amounting to about 300 million, and the consolidation of budgets for professional training and employment into the program. This assistance is in addition to the NIS 100...
Nov 16, 2020
Category: Government
The number of job vacancies in October fell by 2%, from 55.5 thousand in September to 54.5 thousand; This is compared to about 100,000 vacancies at the end of 2019. This is according to data published by the Central Bureau of Statistics. The vacancy rate in October was 2.3%, compared with 2.32% in September. The low number of job vacancies is not just a result of the second closure: even in summer the number of job vacancies did not exceed 60,000. The slump in demand for workers is probably due to the uncertainty of the economy during the Corona period, Another factor is the very little...
Nov 17, 2020
Category: Capital Market
American supermarket giant 7Eleven on its way to Israel. The chain is in talks with Electra Consumer, which is controlled by the Zalkind family, to hand over a franchise in which a Fox partner controlled by Harel Wiesel is expected to be a partner. The American company will try - with the help of the Israeli partners - to quickly bite into a share of the Israeli convenience store market, which has a turnover of about NIS 10 billion a year and enjoys growth, according to people close to the negotiations. After the negotiations between the parties were exposed in the media, Fox (-2.05%...
Nov 17, 2020