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Calcalist

The Calcalist website is Israel’s leading economic news website. It publishes all the latest economic news from Israel and around the world, including stock markets, technology, real estate, law, and marketing.

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2024-11-17 18:12:39

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Despite the opposition from environmental professionals in the Ministry of Environmental Protection, Netanyahu continues to pressure Minister Silman to increase the quantities of oil that her ministry allows the Israel National Oil Company to extract in the Eilat Bay. A discussion on the topic took place today, and next week, after the relevant government ministries submit their positions, the next steps will be decided.
https://www.calcalist.co.il/local_news/article/s1bghivfkg

2024-11-16 21:54:08

@nprofile…6acy
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According to the proposal added to the government's daily schedule last night, legal advisors who completed their seven-year term will resign from their position by the end of 2024; among other things, the arrangement will also apply to the State Comptroller, Asnat Massing, who has made it difficult to transfer coalition funds
https://www.calcalist.co.il/local_news/article/on0wz2bir

2024-11-13 11:03:24

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The Bank of Israel data reveals that the public receives an average interest rate of only 0.1% on excess funds – while banks profit from them at an average of 4.4%. The public's cash in overdraft in September totaled 9.6 billion shekels, a 3% increase from August.
https://www.calcalist.co.il/investing/article/skwr4wmfyx

2024-11-13 11:01:09

@nprofile…6acy
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Bank of Israel data reveals that the public receives an average interest rate of 0.1% on excess funds – while banks earn an average of 4.4% on them. Public funds in the overdraft account totaled NIS 9.6 billion in September, a 3% increase from August
https://www.calcalist.co.il/investing/article/skwr4wmfyx

2024-11-13 10:47:41

@nprofile…6acy
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The Jerusalem District Court has denied the Prime Minister's request to postpone his testimony in a case that has been pending for more than 4 years. Attorney Chadad refused to commit that Netanyahu would be willing to testify, even after the postponement, if the request is accepted: There has been no trial that has been conducted with such efficiency. So, he replied from the prosecution office
https://www.calcalist.co.il/local_news/article/hyiqzbgf1l

2024-11-13 10:28:19

@nprofile…6acy
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After three weeks, WeMo, the autonomous vehicle project, has raised $5.6 billion and is expanding its operational area to 130 square kilometers. The service is also operating in San Francisco and Phoenix with around 150,000 bookings per week.
https://www.calcalist.co.il/calcalistech/article/bjle5ezgyx

2024-11-13 10:27:38

@nprofile…m2lw
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After three weeks, the autonomous taxi project Weimo has raised $5.6 billion and is expanding its operating area to 130 square kilometers. The service is also operating in San Francisco and Phoenix with around 150,000 bookings per week.
https://www.calcalist.co.il/calcalistech/article/bjle5ezgyx

2024-11-13 09:58:49

@nprofile…6acy
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The gap between the advance payments of reserve soldiers and their actual income created significant debts for many of them. Finance Minister Smotrich waited 9 months before proposing a solution. Even now, they are only freezing the debts and it will take time until the problem is resolved through legislation
https://www.calcalist.co.il/investing/article/hkhrfezzyl

2024-11-13 09:57:18

@nprofile…m2lw
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The gap between the pensions of reserve soldiers and their actual income has created significant debts for many of them. Finance Minister Smotrich waited 9 months before proposing a solution. Even now, they are only freezing the debts and it will take time until the problem is resolved through legislation.
https://www.calcalist.co.il/investing/article/hkhrfezzyl

2024-11-13 09:49:18

@nprofile…m2lw
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The founder of the e-commerce giant sold some of his shares as part of a pre-planned plan, and now holds shares worth $220 billion; since July, he has sold shares worth $4.4 billion; last year he moved from Seattle to Miami, and it is possible that the sale of shares was intended to save hundreds of millions of dollars in taxes, since in Florida there is no capital gains tax on profits.
https://www.calcalist.co.il/world_news/article/hjnyjxfgjg

2024-11-13 09:48:10

@nprofile…6acy
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The founder of a giant online merchant sold his shares as part of a plan that was set in advance, and now holds shares worth $220 billion; since July, he sold shares worth $4.4 billion; last year he moved from Seattle to Miami, and it is possible that the sale of shares was intended to save hundreds of millions of dollars in taxes, since in Florida there is no tax on capital gains
https://www.calcalist.co.il/world_news/article/hjnyjxfgjg

2024-11-13 09:39:18

@nprofile…m2lw
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The terminal, intended to be a central entry point for tourism and passenger ship docking, is planned to open in 2028. The project is a significant part of the Haifa Bay Plan, which was approved by the Cabinet of Ministers in 2017 and spans approximately 1,300 dunams.
https://www.calcalist.co.il/real-estate/article/b1a03jgfjl

2024-11-13 09:38:00

@nprofile…6acy
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83 lawsuits were filed against the district court for a total of 63.5 million shekels; according to the lawsuit, Discount was grossly negligent in allowing a company's personnel, through the proxy, to drain the trust accounts contrary to the terms; 'The bank accounts were drained and looted, and the lenders suffered damage amounting to hundreds of millions of shekels and more'; the controlling shareholders of the personnel are Alon, Moran, and Eli Eliav
https://www.calcalist.co.il/real-estate/article/rj0opjgz1l

2024-11-13 09:38:00

@nprofile…6acy
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The terminal, intended to be a main entry point for tourism and passenger ship docking, is planned to open in 2028. The project is a significant part of the Haifa Bay Plan, which was approved by the Cabinet of Ministers in 2017 and covers an area of approximately 1,300 dunams.
https://www.calcalist.co.il/real-estate/article/b1a03jgfjl

2024-11-13 09:35:14

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https://www.calcalist.co.il/calcalistech/article/ry00xkxfgke

2024-11-13 09:31:59

@nprofile…6acy
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https://www.calcalist.co.il/calcalistech/article/ry00xkxfgke

2024-11-13 09:27:48

@nprofile…m2lw
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Danny Levy arrived at the first discussion in the National Security Committee, refuting MKs' claims of harm to the police's independence, lack of transparency, and police officers' treatment of protests: 'We cannot let Ayalon burn for four hours - democracy has rules.' He also updated on his plan to establish a special unit, similar to Lahav 433, to combat crime in the Arab society - a police budget request that was rejected.
https://www.calcalist.co.il/local_news/article/hyxy9kzfye

2024-11-13 09:27:48

@nprofile…m2lw
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OPF has ended the quarter with a slight improvement of 3% in revenues - the expansion of the American subsidiary offset the decline in Israeli website results
https://www.calcalist.co.il/market/article/4qywxjete

2024-11-13 09:25:49

@nprofile…6acy
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OPSC ended the quarter with a slight improvement of 3% in revenues - the expansion of the American subsidiary offset the decline in Israeli website results
https://www.calcalist.co.il/market/article/4qywxjete

2024-11-13 08:59:00

@nprofile…6acy
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Those close to the elected president claim that he will stand by his election promises and work to repeal the order requiring the sale of the short video application to non-Chinese owners or those with ties to the US. The options available to him include extending the deadline for the sale, applying pressure on Congress to repeal the order, or instructing the Attorney General not to enforce it.
https://www.calcalist.co.il/world_news/article/s1ejikzgkg

2024-11-13 08:56:47

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The candidates close to the elected president claim that he will stand by his election promises and act to cancel the order requiring the sale of the short video app to non-Chinese owners or those with ties to the US. The options available to him include extending the deadline for the sale, applying pressure on Congress to repeal the order, or requiring the Attorney General not to enforce it.
https://www.calcalist.co.il/world_news/article/s1ejikzgkg

2024-11-13 08:42:39

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https://www.calcalist.co.il/local_news/article/hyyi41zmyl

2024-11-13 08:41:51

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https://www.calcalist.co.il/local_news/article/hyyi41zmyl

2024-11-13 08:33:20

@nprofile…6acy
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Liora Schecter, Head of Information and Digital Division for the past four years, will join the management team of the International Technology Corps - she will also join the management of the bank
https://www.calcalist.co.il/local_news/article/r1ze2azmjg

2024-11-13 08:31:37

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Liora Schecter, Head of Information and Digital Division for the past four years, will join the management team of the International Technology Arm of the Bank.
https://www.calcalist.co.il/local_news/article/r1ze2azmjg

2024-11-13 08:29:29

@nprofile…6acy
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The Israel Tax Authority and the General Income Tax Authority are launching a new system that will simplify the process of receiving a tax refund for employees who donate to non-profit organizations - without the need for a manual request for a tax refund. Initially, the system will operate only in a limited number of government offices and will later be expanded to the entire system. The government collects over a billion shekels in excess taxes from the public every year.
https://www.calcalist.co.il/investing/article/r1ahkkmz1x

2024-11-13 08:01:56

@nprofile…6acy
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Summary of the discussion with the government's legal advisor on the issue of drafting ultra-Orthodox Jews, including a series of important innovations: The dramatic decision: from now on, all 16.5-year-old ultra-Orthodox Jews will receive a draft notice, most of the 7,000 notices issued in the coming months will be sent to yeshiva students and not to dropouts, and steps will be taken against those who do not report for duty.
https://www.calcalist.co.il/local_news/article/bk7vfrbzkx

2024-11-13 08:01:37

@nprofile…m2lw
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Summary of the discussion with the Government Advisor on the topic of drafting ultra-Orthodox men, including a series of important innovations: The dramatic decision: from now on, all 16.5-year-old ultra-Orthodox men will receive a draft notice. Most of the 7,000 draft notices that will be issued in the coming months will be sent to yeshiva students and not to those who have dropped out, and steps will be taken against draft dodgers who do not show up.
https://www.calcalist.co.il/local_news/article/bk7vfrbzkx

2024-11-13 07:28:27

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Chinese automakers, who led the electric vehicle revolution, are shifting direction: they are presenting flagship models with impressive range in electric propulsion - but also gasoline engines. The implication for the Israeli market: an attractive solution for the rise of electric vehicles.
https://www.calcalist.co.il/local_news/car/article/rkx9otzmjx

2024-11-13 07:28:16

@nprofile…6acy
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Chinese automakers, who led the electric vehicle revolution, are shifting direction: they present plug-in hybrid models with impressive range in electric drive - but also gasoline engines. The implication for the Israeli market: an attractive solution for the rise of electric vehicle prices.
https://www.calcalist.co.il/local_news/car/article/rkx9otzmjx

2024-11-13 07:07:49

@nprofile…6acy
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The President of the United States has announced that Musk will head the 'Government Efficiency' office, together with entrepreneur and Yahoo co-founder Jerry Yang. Additional appointments include Fox News anchor Pete Hegseth as Defense Secretary, Congressman John Ratcliffe as CIA Director, and American real estate investor Stephen Witkoff as Special Envoy to the Middle East
https://www.calcalist.co.il/world_news/article/skwoypwz1x

2024-11-13 06:21:56

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The strongest cryptocurrency in the world loses almost 2% - after hitting $90,000 yesterday and completing a 30% rise since Trump's election victory; the Altium falls by 5.5% to $3,150
https://www.calcalist.co.il/market/article/2resmi222

2024-11-13 06:20:49

@nprofile…6acy
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The strongest cryptocurrency in the world loses almost 2% - after touching $90,000 yesterday and completing a 30% rally since Trump's election victory; Ethereum drops 5.5% to $3,150
https://www.calcalist.co.il/market/article/2resmi222

2024-11-13 05:57:27

@nprofile…m2lw
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The Dow Jones index fell by 0.9% yesterday, the Nasdaq index fell by 0.1%, and the S&P 500 index fell by 0.3%. Market analysts are predicting slight declines in the indices ahead of the publication of US inflation data. The OFC reported growth in sales and stability in the profit line.
https://www.calcalist.co.il/market/article/dgnruzq0m

2024-11-13 05:55:59

@nprofile…6acy
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The Dow Jones index fell by 0.9%, the Nasdaq fell by 0.1%, and the S&P 500 fell by 0.3%. Analysts are forecasting slight declines in the indices ahead of the release of US inflation data. The OFC reported growth in sales and stability in the profit line.
https://www.calcalist.co.il/market/article/dgnruzq0m

2024-11-13 05:41:56

@nprofile…6acy
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The euro is trading at 3.99 shekels in the local market; the European currency is weakening in global markets for almost a year, against the backdrop of the political crisis in Germany; according to the forecasts in the US, the annual inflation rate in October will stand at 2.6% - the data will be published at 15:30
https://www.calcalist.co.il/market/article/1aru9frcm

2024-11-13 05:40:21

@nprofile…m2lw
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The euro is trading at 3.99 shekels in the local market; the European currency has weakened in global markets to a slump of almost a year, on the backdrop of the political crisis in Germany; according to US forecasts, the annual inflation rate in October will stand at 2.6% - the data will be published at 15:30
https://www.calcalist.co.il/market/article/1aru9frcm

2024-11-13 05:32:26

@nprofile…m2lw
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Lebanon reported a series of attacks in a neighborhood associated with Hezbollah, after Israel revealed that it had destroyed most of the missile production sites there; an Israeli drone was shot down in the Golan Heights; families of kidnapped persons will meet with Biden, an attempt to meet Trump failed: 'ILZL'
https://www.calcalist.co.il/local_news/article/bjg4hnbmyx

2024-11-13 05:31:08

@nprofile…6acy
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Lebanon reported a series of attacks in the area identified with Hezbollah, after Israel revealed that it had destroyed most of the missile production sites there; an Israeli drone was shot down in the Golan Heights; families of the hostages will meet with Biden, an attempt to meet Trump failed: 'IZL'
https://www.calcalist.co.il/local_news/article/bjg4hnbmyx

2024-11-13 04:48:09

@nprofile…6acy
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Before the war arrived and the tourists disappeared, then the missiles from Iran and then the bombing in Jerusalem's streets that turned Jaffa into a ghost town. Restaurant owners report a 90% drop in income, 'and we can't even close, because it's still expensive.' Some of them are turning to crowdfunding, and still believe that the partnership of Jewish and Arab merchants is what will strengthen the coexistence in the city, and also bring back the customers
https://www.calcalist.co.il/style/article/hjdnzr11fkx

2024-11-13 04:48:08

@nprofile…6acy
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Trump's tariffs are expected to harm Samsung, which operates closely with Chinese customers. This is in addition to Samsung's relative lag behind competitors in the artificial intelligence field - Samsung's stock has lost 34% since the beginning of the year; the Nikkei index has fallen by 1%, the Hang Seng index has fallen by 0.6%, and the Shanghai index is stable.
https://www.calcalist.co.il/market/article/guhv7zi9e

2024-11-13 04:47:16

@nprofile…m2lw
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Before the war came and the tourists disappeared, then the rockets from Iran and then the bombing in Jerusalem's streets, which turned Jaffa into a ghost town. Restaurant owners report a decline in income of up to 90% and say that even if we wanted to close, it's not possible because it's still expensive. Some of them are turning to crowdfunding, and still believe that the shared fate of Jewish and Arab merchants is what will strengthen the coexistence in the city, and also bring back the customers.
https://www.calcalist.co.il/style/article/hjdnzr11fkx

2024-11-13 04:47:16

@nprofile…m2lw
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Trump's tariffs are expected to harm Samsung, which operates closely with Chinese customers. This is in addition to the relative decline of the giant in the artificial intelligence field - Samsung's stock has lost 34% since the beginning of the year; the Nikkei index has fallen by 1%, the Hang Seng index has fallen by 0.6%, and the Shanghai index has stabilized
https://www.calcalist.co.il/market/article/guhv7zi9e

2024-11-13 04:17:41

@nprofile…m2lw
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Economists warn that Trump's plan to limit immigration will harm the construction, manufacturing, and agriculture sectors and shrink the GDP. Nobel Prize winner in Economics: 'With mass deportation, Trump will worsen the economic output, inflate the deficits, and bring back inflation.'
https://www.calcalist.co.il/world_news/article/bjb9s4wzye

2024-11-13 04:17:41

@nprofile…m2lw
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The Chairman of the Finance Committee is blocking the extension of the tax exemption on purchasing shares to 8% for investors. If it is not approved by the end of the year, the state's revenues will decrease by hundreds of millions of shekels in 2025. However, the consequences for the real estate market could be even more severe.
https://www.calcalist.co.il/real-estate/article/ryjjkgwgyx

2024-11-13 04:17:41

@nprofile…m2lw
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According to the latest report published by the Israel National Real Estate Agents Association, in 87% of urban areas, price increases were recorded in the third quarter, with only 7% being double-digit.
https://www.calcalist.co.il/real-estate/article/rjywkhwfke

2024-11-13 04:17:23

@nprofile…6acy
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According to the latest report published by the National Association of Real Estate Agents, in 87% of urban areas, price increases were recorded in the third quarter, with only 7% being double-digit.
https://www.calcalist.co.il/real-estate/article/rjywkhwfke

2024-11-13 04:17:23

@nprofile…6acy
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The Chairman of the Finance Committee is blocking the extension of the tax exemption on the purchase of securities to 8% for investors. If it is not approved by the end of the year, the state's revenues are expected to decrease by hundreds of millions of shekels in 2025. However, the consequences for the real estate market could be even more severe.
https://www.calcalist.co.il/real-estate/article/ryjjkgwgyx

2024-11-13 04:08:01

@nprofile…6acy
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According to a study by researcher Otniel Aflalo of Exor, 88 partners of the investment house Walton, which is under the control of Neto Insurance Agency, accumulated a debt of 554.8 million shekels. According to the expected agreement, 194 million shekels from the investors' funds will not be returned to them.
https://www.calcalist.co.il/market/article/mcl9dj2dm

2024-11-13 04:08:01

@nprofile…6acy
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The Netanyahu-Smotrich government, which rose to power by announcing a plan to address the cost of living, has completely failed: Israel's consumer basket is one of the most expensive in the OECD. By 2024, households are likely to be plunged into financial distress.
https://www.calcalist.co.il/local_news/article/hj87iz11fye

2024-11-13 04:08:01

@nprofile…6acy
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From the beginning of October, the flows to the credit card and to the imitations on the leading indices 1.3 billion shekels, which erased most of the annual premiums - mostly those of institutions that do not want to miss a possible correction in case the war ends
https://www.calcalist.co.il/market/article/syssmagg1g

2024-11-13 04:08:01

@nprofile…6acy
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Bank of Israel: A 30% drop in the stock market index, as happened during the Corona crisis, could lead to a demand of $25 billion from institutions. The bank warns that the improvement in foreign exchange reserves made by institutions will be sufficient to absorb a decline of up to 10% in the American stock market index.
https://www.calcalist.co.il/market/article/byhro11wfyg

2024-11-13 04:08:01

@nprofile…6acy
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The change in the law, which allows retailers to hire shelf stockers in branches, will increase exposure to the public of small manufacturers and intensify competition in the field. However, it will lead to the dismissal of 3,000 in the first wave and many more in the future, and may even lead to a shortage of shelves.
https://www.calcalist.co.il/shopping/article/hjvau411zkx

2024-11-13 04:08:01

@nprofile…6acy
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The proposal for the law on trapped profits will need to pass by the end of December in order for the amount allocated by the Treasury to be included in the state budget. Just before the final reading, there is concern that the powerful groups in the market holding 143 billion shekels in trapped profits will succeed in watering down the law or avoiding it through creative tax planning.
https://www.calcalist.co.il/local_news/article/rypsefzfkg

2024-11-13 04:08:01

@nprofile…6acy
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Bank of Israel warned yesterday about balloon loans, in which only a small amount is paid at the time of purchase, despite warnings that this phenomenon is likely to expose the real estate sector and banks to risk, entrepreneurs are increasing their pursuit of customers
https://www.calcalist.co.il/real-estate/article/rktzkn11fyl

2024-11-13 04:05:46

@nprofile…m2lw
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Bank of Israel warned yesterday about balloon loans, in which only a small part of the payment is made at the time of purchase. Despite the warnings about the phenomenon, which is likely to expose the real estate sector and banks to risk, entrepreneurs are increasing their pursuit of customers
https://www.calcalist.co.il/real-estate/article/rktzkn11fyl

2024-11-13 04:05:46

@nprofile…m2lw
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The proposal for the law on enclosed profits will need to pass by the end of December in order for the amount that the Treasury is building to be able to enter the state's coffers. Just before the final vote, concerns are rising that the powerful groups in the market that hold 143 billion shekels in enclosed profits will be able to put pressure on the law's wheels and derail it, or avoid it through creative tax planning
https://www.calcalist.co.il/local_news/article/rypsefzfkg

2024-11-13 04:05:46

@nprofile…m2lw
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According to a study by researcher Otniel Aflalo from Experian, 88 partnerships of the investment house Walton, which is under the control of Neto Insurance, accumulated a debt of 554.8 million shekels. According to the expected arrangement, 194 million shekels from the investors' funds will not be returned to them.
https://www.calcalist.co.il/market/article/mcl9dj2dm

2024-11-13 04:05:46

@nprofile…m2lw
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From the beginning of October, the funds flowed into the accounts of the leading indices, 1.3 billion shekels, which erased most of the year's premiums - mostly those of institutions, which do not want to miss a possible fix in case the war ends
https://www.calcalist.co.il/market/article/syssmagg1g

2024-11-13 04:05:46

@nprofile…m2lw
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The Netanyahu-Smotrich government, which rose to power by announcing a plan to address the cost of living, has completely failed: Israel's basket of consumption is one of the most expensive in the OECD. By 2024, households are likely to fall into financial distress.
https://www.calcalist.co.il/local_news/article/hj87iz11fye

2024-11-13 04:05:46

@nprofile…m2lw
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Bank of Israel: A 30% drop in the stock market index, similar to what happened during the Corona crisis, could lead to a demand of $25 billion from institutional investors. The bank warns that the improvement in liquidity in the foreign exchange market made by institutional investors will only be enough to offset a decline of up to 10% in the American stock market index.
https://www.calcalist.co.il/market/article/byhro11wfyg

2024-11-13 04:05:46

@nprofile…m2lw
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The change in the law, which allows store owners to hire cashiers in branches, will increase exposure to the public of small manufacturers and intensify competition in the field. However, it will bring about 3,000 layoffs in the first wave and many more in the future, and may even lead to a shortage of shelves.
https://www.calcalist.co.il/shopping/article/hjvau411zkx

2024-11-12 19:57:57

@nprofile…6acy
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Galit Barav-Miah wrote the things in the summary of the discussion that took place today under her chairmanship regarding the issuance of the decrees - this is 'to comply with the court's instructions and the state's commitments in the Supreme Court'
https://www.calcalist.co.il/local_news/article/bkrtj411mjg

2024-11-12 19:46:38

@nprofile…6acy
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Afi Sandro, the authorized manager of the investment company, submitted a restructuring plan for the SLS victims. According to the plan, 130 million shekels from the white funds will be allocated to investors by June 2025 - but the main problem remained with the red external funds, to which more than 800 million shekels were transferred. The plan reveals how the fund managers removed the investors' money.
https://www.calcalist.co.il/investing/article/r1std711fyl

2024-11-12 19:46:20

@nprofile…m2lw
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Afi Sandberg, the authorized manager of the investment company, submitted a restructuring plan for Sela's victims. According to the plan, 130 million shekels from the white funds will be allocated to investors by June 2025 - but the main problem remained with the red foreign funds, to which more than 800 million shekels were transferred. The restructuring plan reveals how the fund managers removed investors' money.
https://www.calcalist.co.il/investing/article/r1std711fyl

2024-11-12 18:32:47

@nprofile…6acy
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The rating agency publishes its semi-annual report and expects the war with Hamas and Hezbollah to continue until 2025; 'We expect the Israeli economy to stagnate in 2024', they write, and add that the deficit will continue to be very high.
https://www.calcalist.co.il/local_news/article/s1jfsm11myx

2024-11-12 18:32:47

@nprofile…6acy
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Documents leaked revealed a plan that was supposed to come into effect in September 2026 and would have doubled the cost of travel in London, but London Mayor Sadiq Khan ultimately abandoned the initiative, despite having already invested £150 million in technology that would enable a mileage-based charging system.
https://www.calcalist.co.il/world_news/article/sy37vfwgkx

2024-11-12 18:31:58

@nprofile…m2lw
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Documents leaked revealed a plan that was supposed to take effect in September 2026 and was intended to double the cost of travel in London, but Mayor Sadik Kan ultimately gave up on the initiative, despite having already invested £150 million in technology that would enable the charging mechanism for every mile of travel.
https://www.calcalist.co.il/world_news/article/sy37vfwgkx

2024-11-12 18:31:58

@nprofile…m2lw
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The rating agency publishes its semi-annual report and expects the war with Hamas and Hezbollah to continue until 2025; 'We expect Israel's economy to stagnate in 2024', they write, adding that the deficit will continue to be very high.
https://www.calcalist.co.il/local_news/article/s1jfsm11myx

2024-11-12 16:59:13

@nprofile…6acy
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This lawsuit joins the lawsuit against MK Almog Cohen, alleging that he made false connections between the organization and the espionage affair that was exposed at the beginning of the war. The lawsuit against Channel 14 claims that the channel echoed Cohen's false claim: 'He conducted a well-planned and well-designed operation to incite against the organization.'
https://www.calcalist.co.il/local_news/article/bymrf11zm1l

2024-11-12 16:42:57

@nprofile…6acy
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According to the Israeli Automobile Association, the new regulation restricts consumers to only dealing with licensed garages and may harm unlicensed garages. The financial market expects the change to address market distortions and curb insurance premiums for vehicles.
https://www.calcalist.co.il/investing/article/rkm5z11bfyg

2024-11-12 16:42:49

@nprofile…m2lw
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According to the Association of Insurers, the new regulation limits consumers to only insured garages and may harm uninsured garages. The capital market is expected to argue that the change is intended to address market distortions and curb the rise in insurance premiums for vehicles.
https://www.calcalist.co.il/investing/article/rkm5z11bfyg

2024-11-12 16:36:49

@nprofile…m2lw
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The Council for Higher Education has approved the establishment of Israel's first private medical school. The move is expected to contribute to increasing the number of medical students to the target set by the Ministry of Health.
https://www.calcalist.co.il/local_news/article/sjzr11zzgyg

2024-11-12 16:36:37

@nprofile…6acy
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The Council for Higher Education has approved the establishment of the first private medical school in Israel. The move is expected to contribute to increasing the number of medical students to the target set by the Ministry of Health.
https://www.calcalist.co.il/local_news/article/sjzr11zzgyg

2024-11-12 16:33:52

@nprofile…6acy
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The court dismissed Niv Shoval's request for an injunction against the company he founded and ordered him to pay 50,000 shekels in expenses. The main reason for dismissing the request is that Shoval concealed an email he sent to the board of directors in which he agreed to step down as manager of the company in exchange for rapid execution of his shares and options.
https://www.calcalist.co.il/calcalistech/article/rjx00igwgyl

2024-11-12 16:33:48

@nprofile…m2lw
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The court rejected Niv Shoval's request for an injunction against the company he founded and ordered him to pay 50,000 shekels in expenses. The main reason for rejecting the request was that Shoval concealed an email he sent to the board of directors in which he agreed to step down from managing the company's website in exchange for rapid realization of his shares and options.
https://www.calcalist.co.il/calcalistech/article/rjx00igwgyl

2024-11-12 16:07:43

@nprofile…6acy
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The Israeli startup, with clients including giants such as Google and Meta, has developed an artificial intelligence system for creating personalized advertisement videos based on data and performance metrics from previous campaigns.
https://www.calcalist.co.il/calcalistech/article/bkqcn3gfjl

2024-11-12 16:05:39

@nprofile…m2lw
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The Israeli startup, with clients including giants such as Google and Meta, has developed an artificial intelligence system for creating personalized advertising videos based on data and performance metrics from previous campaigns.
https://www.calcalist.co.il/calcalistech/article/bkqcn3gfjl

2024-11-12 15:52:07

@nprofile…6acy
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Despite the changes in the Ministry of Defense, no decision was made at the government level to change the policy of drafting ultra-Orthodox Jews, and the IDF announced that they would implement the Glant directive, and from tomorrow they will gradually send out the summons.
https://www.calcalist.co.il/local_news/article/bkozbgwfje

2024-11-12 15:51:39

@nprofile…m2lw
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Despite changes in the Ministry of Defense, no decision was made at the ministerial level on changing the policy of drafting Haredim, and the IDF announced that they would implement the Galant guidance and gradually send out summonses starting from tomorrow. The new Defense Minister's office is expected to hold meetings with the Attorney General to understand how to handle the decision of Galant on the issuance of orders, and whether it can be changed
https://www.calcalist.co.il/local_news/article/bkozbgwfje

2024-11-12 15:48:19

@nprofile…m2lw
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Netanyahus attack on the judiciary in the matter of the investigations of his office staff is connected to the prosecutor's refusal to dismiss the charges and it seems also to his expected response to the Attorney General's appeal to dismiss Itamar Ben-Gvir's case.
https://www.calcalist.co.il/local_news/article/sjlozxwmyx

2024-11-12 15:48:13

@nprofile…6acy
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Netanyahus attack on the judiciary regarding the investigations of his office staff is linked to the prosecution's refusal to dismiss his case and it seems also to his expected response to the Attorney General's decision to fire Itamar Ben-Gvir
https://www.calcalist.co.il/local_news/article/sjlozxwmyx

2024-11-12 15:31:52

@nprofile…6acy
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The airline sent a letter to ministers in the government and the economic committee demanding that they pass a law that tightens the policy of compensating passengers for flight delays and cancellations. Otherwise, it will turn to the courts. Since the outbreak of the war, Israeli passengers have filed over 100 lawsuits worth approximately 2.2 million shekels.
https://www.calcalist.co.il/local_news/article/bjqllewz1l

2024-11-12 15:31:38

@nprofile…m2lw
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The airline sent a letter to government ministers and the Economic Committee, demanding that they pass a law that would tighten the compensation policy for passengers due to flight delays and cancellations. Since the outbreak of the war, Israeli passengers have filed over 100 lawsuits worth approximately 2.2 million shekels.
https://www.calcalist.co.il/local_news/article/bjqllewz1l

2024-11-12 15:22:38

@nprofile…m2lw
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The new faculty of medicine at Reichman University may not necessarily improve medicine in Israel and it is fraught with systemic risks that need to be monitored.
https://www.calcalist.co.il/local_news/article/hkq115k11m1l

2024-11-12 15:22:12

@nprofile…6acy
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The new faculty of medicine at Reichman University may not necessarily improve medicine in Israel and it harbors several systemic risks that need to be monitored.
https://www.calcalist.co.il/local_news/article/hkq115k11m1l

2024-11-12 15:18:37

@nprofile…6acy
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The company, which has been operating for approximately 30 years in the development and supply of computer systems to the public sector and government agencies, has accumulated debts of approximately 118 million shekels. According to the decision, the restructuring plan provides for a settlement of 100% of all its debts in a period of five years.
https://www.calcalist.co.il/local_news/article/h16saj11g1x

2024-11-12 15:18:37

@nprofile…6acy
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The judge ruled in the verdict, stating that there is a concern that the request for technical details led to the Ministry of Welfare not considering the central goal of the tender, which is the welfare of the girls and boys residing in these institutions and their well-being. The Ministry of Welfare is considering appealing.
https://www.calcalist.co.il/local_news/article/h1nsjj11fkg

2024-11-12 15:16:58

@nprofile…m2lw
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The company, which has been developing and supplying computer systems to the public sector and government agencies for about 30 years, has accumulated debts of approximately 118 million shekels. According to the decision, the restructuring plan provides for a 100% haircut on all its debts within a five-year period.
https://www.calcalist.co.il/local_news/article/h16saj11g1x

2024-11-12 15:16:58

@nprofile…m2lw
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The judge ruled in the verdict that there is a concern that the request for technical details led to the Ministry of Welfare not considering the main objective of the tender, which is the well-being of the girls and boys placed in these institutions and their well-being. The Ministry of Welfare is considering appealing.
https://www.calcalist.co.il/local_news/article/h1nsjj11fkg

2024-11-12 14:47:58

@nprofile…6acy
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The Electricity Company completed the agreement it signed in 2018 with the Tel Aviv Municipality and Ramat Gan, under which it transferred 21 assets in exchange for the cancellation of a debt of approximately 2.5 billion shekels. The Givat HaMivtar complex, which was handed over today, is located on the future route of the light rail and metro, and it will be possible to build an office tower there in the future.
https://www.calcalist.co.il/real-estate/article/bj4f8111zkl

2024-11-12 14:07:41

@nprofile…6acy
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The State Comptroller's report on the state-owned company states that 'shortcomings were found in the physical security of certain infrastructure' and among other things that Raphael did not investigate the management of cyber events that occurred in 2020-2022 in certain aspects, and did not draw lessons. Notably, the report highlights the lack of insurance against cyber attacks.
https://www.calcalist.co.il/local_news/article/bkmeaqlgyl

2024-11-12 14:07:41

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The company's fundraising round brings the total investment in the company since its inception in 2022 to $80 million. The company estimates that in the next round, it will reach a value of over $1 billion.
https://www.calcalist.co.il/calcalistech/article/rka11mfxzjl

2024-11-12 14:07:41

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According to the State Comptroller's report on the subject of cyber and information systems, the company uses outdated computer equipment and is prone to frequent malfunctions, which is replaced at a slow pace. Additionally, there is no procedure for formulating annual and multi-year work plans in the field of information systems.
https://www.calcalist.co.il/local_news/article/byxi2ujgjx

2024-11-12 14:07:41

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The State Comptroller points out that between 2019-2024, Israel's ranking in international rankings related to AI investments decreased. The government is working too slowly in this field, and 'there is no long-term strategy for artificial intelligence in Israel.' According to the critic, 'there is no government ministry that sees itself responsible for the field.'
https://www.calcalist.co.il/local_news/article/rkakbygmke

2024-11-12 14:07:41

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Simon Abovraham is optimistic about the recovery in the office market; meanwhile, the expiring lease agreements continue to reflect a decline in prices, but their profitability is higher; the real estate company reported a further improvement in operational metrics in the third quarter; it will distribute a dividend of 127 million shekels in early December.
https://www.calcalist.co.il/market/article/byvoiremyl

2024-11-12 14:07:41

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The companies did not disclose the deal's value, but reported that the payment will be based on a per-customer payment. Recently, Partner and Yes announced a similar deal, which is currently being examined by the Competition Authority.
https://www.calcalist.co.il/local_news/article/hypg0cgf1x

2024-11-12 14:07:41

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According to the auditor's report, tens of thousands of cyber attacks are carried out every day against the national insurance systems. The national insurance has not updated its data security and cybersecurity policy in over ten years, since 2014, despite the growing risks. A cyber event could cause severe damage to the privacy of millions of citizens and residents - and disrupt the ability to pay benefits
https://www.calcalist.co.il/local_news/article/hktebklfjl

2024-11-12 14:07:41

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According to the State Comptroller's report on cybersecurity and information systems, in addition to the 8 government ministries without appointments, no risk assessments were conducted in recent years and a comprehensive situation picture was not developed: 'Government ministries are exposed to various risks, including cyber risks that can impact their operations and ability to achieve their goals'
https://www.calcalist.co.il/local_news/article/b1tdev1mke

2024-11-12 14:07:41

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It seems that the Prime Minister's Office does not have enough tasks, so the Director-General has been tasked with setting up a national team to manage the artificial intelligence issue in the public sector. There is no doubt that the field is taking off, but there is already an organization that deals with it and there is no need for an additional body.
https://www.calcalist.co.il/calcalistech/article/b1pmx0ezkx