Category: 6. Business
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Economic Crisis? The mortgage market in September – activity over the Palestinian Authority
Data published on October 15 by the Bank of Israel indicates that the mortgage market continues to operate at a high pace. In September, mortgages amounting to 8.53 billion shekels were taken, a figure 22% higher than the mortgages taken in… Continue Reading
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Credit card payments in Israel disrupted
Credit card payments broke down around Israel this morning. Shva (Automatic Bank Services Ltd.), which provides the communications between the various payment clearers for credit card transactions, experienced disruptions and… Continue Reading
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The Silver Short Squeeze: A Historic Market Battle in the Making
In the shadowy world of precious metals trading, a storm is brewing. The silver market, long considered the neglected cousin of gold, stands on the precipice of what could become one of the most spectacular short squeezes in financial… Continue Reading
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Businessman Yitzhak Tshuva’s new hotel, business, and leisure project in Ir Yamim is underway
Yitzhak Tshuva, controlling shareholder of Tshuva Group and Delek Group, laid the cornerstone today, Monday, October 28, 2024, for a new hotel, business, and conference complex in Ir Yamim at Poleg Beach in Netanya, in an emotional and… Continue Reading
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Shekel sharply stronger after attack on Iran
Poria Finance: The dollar continues to trade in the familiar range of NIS 3.55-3.85/$ but in the longer term the shekel should strengthen. The shekel was sharply stronger today after… Continue Reading
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Terminal 1 closes as low-cost airlines stay away
Israel Airports Authority (IAA) has announced that Terminal 1 at Ben Gurion airport will close this Friday until the end of March 2025. All international flights will use Terminal 3 throughout the winter although domestic flights to… Continue Reading
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Gold/Silver: Oil & Precious Metals Drop Overnight! – Phil Streible
In a recent market commentary, seasoned commodities analyst Phil Streible of Blue Line Features LLC shared his insights on the overnight price action in the oil and precious metals markets. “The big mover and shaker in the overnight session… Continue Reading
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Treasury short of NIS 30b as budget deadline nears
Two and a half months late, assuming no further delays, the state budget for 2025 will be presented to the government for approval this Thursday. Despite the fact that little time is left, Minister of Finance Bezalel Smotrich’s… Continue Reading
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Unpopular videos on Instagram to have reduced quality
Instagram recently announced changes in video quality on the platform, noting a reduction in resolution for older and less popular videos. Adam Mosseri, head of the Meta-owned platform, said Sunday, “We tend to prefer higher quality for… Continue Reading
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Israeli co Armis Security raises $200m at $4.3b valuation
Israeli cybersecurity company Armis Security has today announced the completion of a $200 million Series D financing round, which increases its valuation to $4.3 billion. This is $900 million higher than its previous financing round… Continue Reading
