In a promising turn of events for the beleaguered tourism industry in Israel, MSC Cruises, the world’s third-largest cruise company and Europe’s largest, reveals a substantial 70% increase in cruise bookings among Israelis. This surge is observed not only for the immediate end of December and January but also for upcoming festivities like Passover and […]
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Amid the ongoing war between Israel and Hamas, a peculiar financial trend has caught the attention of experts and market observers: the strengthening of the shekel against major currencies. Despite the tumultuous Iron Swords operation in Gaza, the representative shekel-dollar exchange rate unexpectedly fell by 0.47% on Friday to NIS 3.5990/$, reaching its lowest level […]
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Is a decrease in prices on the horizon? Today’s data from the Central Bureau of Statistics suggests that while demand for new and second-hand apartments continues to steadily decline, the supply side is also at a standstill, with a significant drop in construction starts. In October, the number of apartment transactions fell by 54% compared […]
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The horrific events of October 7 and the government’s abysmal initial response to them has starkly underlined the need for substantial reform in Israel’s civil service infrastructure. The lack of effective government response has led to the rise of volunteer initiatives, underscoring Israeli society’s resilience, previously demonstrated during challenges like the COVID pandemic. However, it […]
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Some of the world’s largest shipping firms, including Maersk and CMA CGM, will impose extra charges after they re-routed ships in response to attacks on vessels in the Red Sea, as worries about disruption to global trade grow. The surcharges, designed to cover longer voyages around Africa compared with routes via the Suez Canal, will […]
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There is hardly a dog owner who doesn’t regard his pet as a member of the family. When they want to go on vacation, many want to take their dog with them. The estimate for dog-friendly travel in the world will be $50.1 billion by 2030, but many hotels and other vacation spots don’t allow […]
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German shipping company Hapag-Lloyd said on Thursday it was the latest company planning to avoid the Red Sea after attacks there by Yemen’s Houthi group on merchant vessels, which have disrupted global trade and triggered a multinational naval action. Hapag-Lloyd said it would reroute 25 ships by the end of the year from the key […]
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A “landmark healthcare hub” to promote innovation in the field has been established by Jerusalem’s Shaare Zedek Medical Center (SZMC) and the Arieli Capital, LLC investment firm in Herzliya. They plan to launch an open call for companies by year’s end, targeting worldwide market-ready healthcare startups, to participate in the first SHAAR scale-up group. Scale-up […]
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The compensation plan currently in place for businesses is designed to reflect a decrease in turnover compared to the previous year, but this inadvertently creates an incentive for businesses to underreport their income or conduct transactions off the books. Both of these practices are considered offenses and are subject to scrutiny by the Tax Authority. […]
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As the global economic landscape faced headwinds in 2023, Israeli businesses navigated through a challenging year marked by a slowdown in the tech sector, political unrest, and an unexpected war with Hamas. In light of the country’s current hurdles, Eran Mordechai, CEO of Danal Human Resources at Danel Group, shared his insights on the trajectory […]
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