Articles

Ahead of the formation of a new government in Israel, Knesset Speaker Yariv Levin announced that Yair Lapid had managed to form a government with Naftali Bennett, but so far has not determined when the vote will take place to approve the formation of a new government. Meanwhile, the coalition agreements between the parties are revealed. The cost of forming a new government, as reflected in the clauses of the coalition agreements published so far, is estimated at around NIS 20 billion a year for the state budget. The full agreements will only be revealed when they are laid on the Knesset...

The new government has not yet been formed and the wave of prices is already being felt in Israel. The price increases are mainly reflected in the supermarket: egg prices will rise by 6.5%, according to the joint price committee of the Ministries of Finance and Agriculture. This is an increase of 6.25 agorot (the Israeli cent) for a large-sized egg (L) and 75 ag, an addition to a mold of a dozen eggs, which will cost from NIS 11.30 to NIS 12.05. This size makes up 50% of the market. The price of a mold of a dozen eggs of medium size (M) will increase by 75 ag from NIS 10.40 to NIS 11.15,...

The Israeli high-tech industry does not stop breaking records. According to Start Up Nation Central (SNC), a company that connects the Israeli high-tech industry to organizations and investors from around the world, start-up companies in Israel have raised over $ 10.5 billion since the beginning of the year - the amount raised in 2020 as a whole. In the last few days alone, Gong and Verbit have announced huge fundraisers of $ 250 million and $ 157 million, respectively. The huge fundraising phenomenon of high-tech companies coming close to their other fundraisers is another feature of the...

The largest Israeli IPO on Wall Street is underway. Monday has completed its initial round of funding and will begin trading today in New York at a value of $ 6.8 billion. The IPO closed at $ 155 a share, above the original range, promising a $ 573 million raise for the company. The stock is expected to be traded on NASDAQ under the symbol "MNDY". Monday is a work OS, through which organizations of all sizes can create the tools and processes they need to manage every aspect of their work. Monday enables an efficient and intuitive way to manage teams, projects, business processes, complex...

AWS (Amazon Web Services) will set up local server farms in Israel in 2023, the company announced, which recently won the cloud tender (Nimbus project) of the State of Israel. It will probably be the last supplier to silence local infrastructure in Israel. This is after Microsoft, Oracle and Google, which also won the tender, will also have local infrastructure. According to the announcement by AWS, which is the arm of Amazon that deals with cloud services, the computing infrastructure it will establish will allow the government, educational institutions and nonprofits to run and run their...

About 1,500 people came to demonstrate Saturday night near the prime minister's residence in Jerusalem, on the evening of the last Saturday before the expected inauguration of the new government. The demonstrators came to the weekly demonstration in Paris Square as part of a protest against Netanyahu. The designated prime minister, Naftali Bennett, said in a press release: "This is not the time for demonstrations and provocations. I call for Netanyahu and his family to be treated with respect." In another demonstration held by the organization of black flags at the Nahariya junction, a man...

The volume of mortgage performance soared in May to a peak of NIS 9.473 billion. This emerges from data published by the Bank of Israel. In May, there was a 14% increase compared to the amount of mortgages marketed by the banks in April, and an increase of 82% compared to May 2020 - which was affected by the corona closures. The increase in the amount of mortgages reflects the increase in the marketing of apartments, the prices of apartments and the upward trend in the rates of leverage and risk that buyers take on in the effort to purchase apartments