Business and Economy
Israel’s employment rate is at 78 percent, having risen by 7 percent among men and 13 percent among women—more than in all other OECD countries.
“The construction of the new production line significantly upgrades IAI’s technological capabilities, automation and robotics, and will enable the company to establish itself as a major player in the military and civilian aerostructures,” a statement from IAI read.
The company will develop a new production line for the next 20 years, which is anticipated to begin producing outer-wing sets in 2019 as a subcontractor for Lockheed Martin, and is expected to generate revenues of $2.5 billion in the next 10 to 15 years.
The new government grant is conditioned on Intel’s commitment to hire 250 new employees, as well as business arrangements with local vendors and retailers to the tune of NIS 2.1 billion ($555 million) a year.
In response to a public outcry, the cost of electricity will not be raised by 8 percent, but is estimated to rise instead by 3 percent.
The Tel Aviv Stock Exchange plummeted to its lowest point in seven years, influenced by American and global downturns.
Knesset members can opt to reject their pay increases. Finance Minister Moshe Kahlon’s Kulanu Party decided that its members would waive the increase.
“We want the people in Gaza to have jobs—real jobs—because where there is prosperity, there can be peace,” said Daniel Birnbaum at the Globes Conference in Jerusalem, without going into detail.
According to former Iranian President Mahmoud Ahmadinejad, the leaders of the regime have become the most hated individuals among the Iranian people—to the extent that none of them right now dare appear in a public place.
Delegation led by vice president of short-term rental firm visits Samaria after vowing to delist rentals over opposition to Jewish settlements • Airbnb denies change of heart, as was earlier reported.
Earlier on Monday, Israel’s Minister of Tourism Yariv Levin, who met with a delegation of officials from the online hospitality service in Jerusalem, claimed that the company would not enact a ban.
“This is an issue that could have a serious impact on almost every charitable institution in the Jewish community—our shuls, our schools and every kind of institution that we have—and cost them thousands of dollars a year,” Nathan Diament, executive director of the Orthodox Union Advocacy Center, told “Jewish Insider.”
