Category: 6. Business
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A year later: Sharp increase in apartment purchases in July
July 2024 was a hot month in the residential real estate market. Data released today (Thursday) by the chief economist at the Ministry of Finance shows that in the past July, 8,909 apartments were purchased – a sharp 29% increase compared… Continue Reading
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After Peru, Argentina mulls buying Israeli IWI rifles
Argentina’s Ministry of Defense is considering replacing its aging Belgium FN FAL rifles with new Arad 7 assault rifles as Peru is already doing. Argentina’s Ministry of Defense is… Continue Reading
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Recovery in housing sales continues
8,909 homes were sold in July 2024, up 29% from July 2023, mainly due to special discount offers by building contractors, according to the latest survey of the housing market by the Ministry of Finance chief economist. The survey… Continue Reading
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Melisron buys Aviv Development stake for NIS 625m
This is the third real estate exit for Doron Aviv and his sister Dafna Harlev after selling Ocif to Arkady Gaydamak in 2007, and 50% of Aviv Development to Melisron in 2022 for NIS 845 million. … Continue Reading
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Court rules against Coca-Cola Israel in huge tax dispute
The Central Bottling Co. (Coca-Cola Israel), which exclusively markets Coca-Cola products in Israel, has been dealt a major blow and will have to pay hundreds of millions of shekels to the Israel Tax Authority. The Tel Aviv District… Continue Reading
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SNC: Half of startups had investments canceled due to war
Startup Nation Central (SNC) today published its “One Year of Israeli Innovation in War,” report analyzing the impact of the ongoing conflict on Israel’s tech ecosystem including the substantial differences between the country’s… Continue Reading
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WPIC: Platinum deficit to exceed 1 million ounces
The World Platinum Investment Council released its quarterly report Tuesday that forecasts the platinum market deficit to exceed 1 million ounces. Trevor Raymond, CEO of the World Platinum Investment Council, wrote, “(This year) will be the… Continue Reading
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Analyst: Rate cuts good for gold, but not too fast
Precious metals traders are looking less toward whether the Federal Reserve will cut interest rates and have instead begun analyzing how exactly the fed will accomplish economic easing. Phil Streible, chief market strategist at Blue Line… Continue Reading
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Russia’s Silver Supply Strains Market; Gold & Silver Steady on Strong Do
Gold (XAU/USD) and Silver (XAG/USD) prices have struggled to gain significant momentum today. Gold is hovering around $2,512.57, facing resistance near the $2,513 mark. Similarly, Silver is down 0.42%, trading around $28.23. The recent… Continue Reading
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Bioelectronic implantable device co Discure raises $16m
Israeli bioelectronic implantable device for the treatment of degenerative disc disease (DDD) company Discure Technologies has announced that the Company has secured $11 million in an oversubscribed Series A financing round,… Continue Reading
