Articles

The state of Israel is not properly prepared for an earthquake. Most hospitals in the north are not earthquake-resistant; 2,350 schools operate in buildings that are not earthquake-resistant; 99% of the public buildings that require reinforcement have not yet been strengthened. In fact, only 52 public buildings have been reinforced in the past decade, 50 schools and two hospitals have been partially renovated. State Comptroller Joseph Shapira's report on "preparedness for earthquakes - buildings and infrastructure" published revealed the enormous destruction expected in Israel during a...

From August 7 to 9, a team of Ford Motor Company developers will visit Tel Aviv, Nazareth, Jerusalem and Haifa and meet start-ups. The company will invite the best developers to participate in the September Challenge. Ford is looking for Israel's leading mobile application developers and service providers and invites them to take part in the company's Make it Driveable Challenge event, which will be held in Tel Aviv in September. The event will give mobile application developers and digital service providers access to Ford's development team and enable them to work with AppLink on the SYNC...

A ministerial committee for reserve soldiers has approved a plan that includes benefits for reservists who own small and medium-sized businesses. Benefits include: - The Ministry of Economy and Industry, through the Small and Medium Enterprises Agency, will promote and encourage businesses owned by active reservists. Preference shall be given to the employment track of the Ministry operated by the Investment Authority. - A dedicated business technological accelerator will be established for active reservists, who will be budgeted jointly by the Ministries of Defense and Economics at a...

The Authority for Industrial Cooperation and Promotion of Foreign Investment in the Ministry of Economy and Industry publishes a detailed report presenting the contribution of multinational corporations to the Israeli economy, which was conducted in cooperation with the CBS, including a series of personal interviews with six CEOs and senior executives Leading multinational companies in Israel, Intel, IBM, Philips and GM, Flex and Unilever, are presenting for the first time an innovative quantitative study on the contribution of foreign companies to the Israeli economy

Facebook, the largest and most successful social network in the world, announced that it is acquiring the Israeli start-up Redkix. The acquisition price was not disclosed, but the market believes it is a $ 100 million deal. Following the acquisition,Redkix employees will become Facebook employees and join the giant social network

Takeaway.com, whose shares are traded on the Amsterdam Stock Exchange, has announced that it has signed an agreement to acquire Ten-Bis from co-founder Tamir Carmel for a cash payment of 135 million euros (NIS 575 million). This is a multiple of 10 on the company's revenues

Mimecast which specializes in information security, announced that it has acquired Israeli start-up Solebit. The market estimates that the American company paid $ 88 million for Solebit for $ 88 million in cash. This is the third exit this month, after the deals in Daturma and Redkix. Solbit develops a platform that helps organizations deal with hackers and other cybercriminals using automated security solutions that prevent hacking into the organization. This is done by blocking the malicious code before it attacks the organization. Mimecast Limited announced that it has acquired Solbit,...

The S&P credit rating company announced that it has upgraded Israel's credit rating from A + to AA -, the highest rating Israel has ever won. Raising the rating is a very significant achievement for the Israeli economy and expresses confidence in the ability of the economy to grow and the government's ability to maintain a responsible fiscal policy. On the practical level, it will allow the government to raise funds under better conditions

The Finance Committee of the Knesset approved the plan of the Government Companies Authority to sell 20% of the shares of the Israel Postal Company from the government to a private strategic investor, and another 20% to the public. However, the committee demanded that the Authority and the Ministry of Finance report to the Knesset in the future in order to obtain its approval of the order of vital interests that the Minister of Finance will issue prior to privatization

Wissotzky also raises the price of its products. Tnuva, the largest food company in Israel, raised the prices of dairy products not under the price control order by 2.2 percent. Among the unregulated products whose price will rise: salty cheeses, yellow cheeses on the shelf, special cheeses, delicacies, milk drinks and some yogurts