Net financing income rose to 560 million shekels from 519 million shekels, while the bank had credit recoveries of 67 million shekels versus a credit loss expense of 12 million shekels a year earlier.
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She will also pay 22000,40003 shekels (approximately $24000,21) -- 2280,000 shekels back to the state, and 10,000 shekels in the form of a fine.
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Net financing income rose to 13 billion shekels in the reported quarter from 2.1 billion shekels last year, but a decline in non-interest income pushed total income down to 3.7 billion shekels from 3.9 billion shekels.
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|
Delek said it would pay a dividend of 150 million shekels, or 12.5 shekels a share, bringing 2018's total dividend distribution to 490 million shekels.
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Delek posted net profit of 190 million shekels ($54 million)in the quarter, up from 170 million shekels the previous year, with exploration and production contributing 85 million shekels.
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Analysts on average forecast a net profit 2.75 million shekels on revenue of 1.0 billion shekels.
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Delek declared a dividend of 200 million shekels, or 16.69 shekels a share, for the quarter.
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Nestle last month offered 3.3 billion shekels ($857 million), or 82.5 shekels per share, for the Osem shares it does not own in a deal valuing the company at 9.13 billion shekels.
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Nestle last month offered 3.3 billion shekels, or 82.5 shekels per share, for the Osem shares it does not own in a deal that would value the company at 9.13 billion shekels.
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Mizrahi said it earned 210 million shekels ($3653 million) in the second quarter, compared with 2365 million shekels a year earlier, and 21 million shekels forecast in a Reuters poll of analysts.
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Nestle in February offered 3.3 billion shekels ($871.5 million), or 82.5 shekels per share, for the Osem shares it does not own in a deal valuing the company at 9.13 billion shekels.
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|
Revenue slipped 22020% to 21 million shekels, but beat a Reuters poll forecast of 23.6074 million shekels.
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|
Azrieli said it would pay a quarterly dividend of 400 million shekels, or 3.3 shekels per share.
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She will pay 45,000 shekels ($12,490) as a reimbursement and 10,000 additional shekels ($85033,775) as a fine.
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The government is making a total of 200 million Israeli shekels available in investment guarantees, 50 million Israeli shekels per fund, and another 100 million Israeli shekels per fund in backing for credit.
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The package priced at 249 shekels ($69) a month will save families 1,800 shekels a year, Cellcom said.
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It raised some 2 billion shekels from institutions and another 60 million shekels from the public, it said.
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Excluding a one-time tax expense of 50 million shekels, Discount recorded quarterly profit of 229 million shekels.
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TA. Nestle last month offered 3.3 billion shekels ($845 million), or 82.5 shekels per share, for the Osem shares it does not own in a deal that would value the company at 9.13 billion shekels.
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Net interest income increased 4.2% to 1.48 billion shekels while credit loss expenses jumped 48% to 261 million shekels.
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Hapoalim said on Monday it earned 612 million shekels ($175.6 million) in the fourth quarter, up from 138 million shekels a year earlier and compared with 579 million shekels forecast in a Reuters poll of analysts.
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Delek declared a dividend of 260 million shekels, or 21.7 shekels a share, up from 200 in the first quarter.
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Coffee sales grew 21 percent to 1.06 billion shekels in the quarter as EBIT profit rose to 84 million shekels.
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It was forecast to earn 26 million shekels on revenue of 839 million shekels, according to a Reuters poll of analysts.
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Credit loss expenses rose 43.8 percent to 46 million shekels while net interest income increased 3.6 percent to 1.06 billion shekels.
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|
According to a Reuters poll of analysts, Partner was forecast to earn 24.7 million shekels on revenue of 821 million shekels.
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Delek has 110 million shekels in cash and securities worth 150 million shekels that can be sold in a short time.
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|
The company was forecast to earn 42 million shekels on revenue of 1.02 billion shekels, according to a Reuters poll of analysts.
|
|
Credit loss expenses rose 16.7 percent to 98 million shekels while net interest income edged up 0.4 percent to 1.04 billion shekels.
|
|
Senior bankers' compensation has risen to as much as 8 million shekels a year, compared with Israel's average wage of 115,000 shekels.
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The company was forecast to earn 35 million shekels on revenue of 1.02 billion shekels, according to a Reuters poll of analysts.
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Monthly payments were around 33 million shekels ($11.85 million) in December 2018, decreasing to 38.4 million shekels ($10.83 million) in April 2019.
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A one-and-a half-hour tour is 1353 shekels ($48) and a three-hour tour is 250 shekels ($67) per person.
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Delek set a quarterly dividend of 100 million shekels, or 8.3 shekels a share, bringing the total for 2015 to 450 million.
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Coffee sales grew 23 percent to 961 million shekels in the quarter as operating profit rose 14.5 percent to 91 million shekels.
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Hapoalim said on Tuesday it earned 812 million shekels ($227 million) in the second quarter, down from 1.1 billion shekels a year earlier.
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|
Hapoalim posted net credit loss expenses of 167 million shekels, compared with an income of 128 million shekels from provisioning a year earlier.
|
|
Net interest income grew to 635 million shekels from 584 million, while credit loss expenses rose to 36 million shekels from 27 million.
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Partner TV will be available from July and will cost 69 shekels ($20) a month, or 89 shekels with a subscription to Netflix.
|
|
Net interest income grew to 642 million shekels from 561 million, while credit loss expenses decreased to 23 million shekels from 54 million.
|
|
Net interest income grew to 660 million shekels from 653 million, while credit loss expenses gained to 46 million shekels from 36 million.
|
|
Net interest income grew to 642 million shekels from 634 million, while credit loss expenses decreased to 33 million shekels from 49 million.
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Hapoalim said on Tuesday it earned 9193 million shekels ($2919 million) in the third quarter, down from 21 million shekels a year earlier.
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Cellcom shares fell 5.7 percent to 23.82 shekels in Tel Aviv on Wednesday after it said it made 7 million shekels ($2 million) in the quarter, a 73 percent drop from a year earlier, while revenue slipped 2.7 percent to 13 million shekels.
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Africa Israel noted that following its previous debt restructuring it sold off assets worth 6.7 billion shekels and redeemed debt of 4.8 billion shekels.
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The bank declared a quarterly dividend of 245 million shekels, or 18.345, shekels a share for a payout of 40 percent of net profit.
|
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Bezeq also forecast 2015 earnings before interest, tax, depreciation and amortisation (EBITDA) of 4.25 billion shekels and free cash flow of 2.25 billion shekels.
|
|
Funds from operations - a measurement of cash flow - are expected to increase by 85 million shekels ($24 million) to 670 million shekels next year.
|
|
According to a Reuters poll of analysts, Partner was forecast to record net profit of 10.25 million shekels on revenue of 800 million shekels.
|
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ICL shares were up 0.9 percent at 18.68 shekels in morning trade in Tel Aviv, valuing Leumi's holding at 334.4 million shekels ($89 million).
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Another 1 billion shekels will boost the health system and 1 billion shekels will be earmarked for special needs such as the police force.
|
|
Excluding the impairment charge related to its fixed-lined operations, which reduced profit by 72 million shekels, partner had net profit of 7 million shekels.
|
|
Africa Israel had a net loss in the quarter of 1.58 billion shekels ($412.5 million) versus a loss of 836 million shekels a year earlier.
|
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The private sale consisted of 12.5 million shares priced at 20.25 shekels each, the same as Wednesday's closing price, valuing Phoenix at 5.2 billion shekels.
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Mizrahi provisioned 121 million shekels in the quarter, bringing the amount it set aside in 2018 for the tax evasion probe to 546 million shekels.
|
|
Israeli media reported that the offering of a 25 percent stake would raise some 3 billion shekels ($800 million), valuing IAI at 12 billion shekels.
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Bezeq's shares have slid 32 percent so far in 2019 to 2.49 shekels, just above a 21-year low of 2.14 shekels reached in May.
|
|
Credit loss expenses jumped to 145 million shekels from 46 million a year ago while net interest income rose 11 percent to 1.17 billion shekels.
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It offered a total equity investment of 330 million shekels ($92.5 million) in BCom and another 225 million shekels in its parent firm Internet Gold.
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|
In 2018, net profit rose 6 percent to 318 million shekels, while its consumer credit portfolio grew more than 24 percent to 3 billion shekels.
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|
In 2015, the companies earned a combined 756 million shekels, up from 432 million in 2014 and a loss of 600 million shekels in 2013.
|
|
Net interest income rose 10.8 percent to 1.88 billion shekels while credit loss expenses decreased to 129 million shekels from 211 million a year earlier.
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|
Cash deals between private individuals, such as buying a used car, will be limited to 50,000 shekels, a level that may be lowered to 15,000 shekels.
|
|
Bezeq Israel Telecom said on Monday it may have to write down the value of mobile unit Pelephone by 800 million shekels to 1.1 billion shekels.
|
|
In the quarter, net operating income rose to 408 million shekels from 388 million, while funds from operations dipped to 414 million shekels from 443 million.
|
|
Israel's largest telecoms group said it lost 1.57 billion shekels ($448 million) in the quarter, compared with a profit of 195 million shekels a year earlier.
|
|
Funding for survivors ranges from an annual grant of about 4,000 shekels a year to up to 11,000 shekels a month including pension and disability payments.
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|
Steinmetz's Israeli and French passports have been confiscated and bail set at 50 million shekels ($13 million) in cash and another 50 million shekels in property.
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|
Israeli financial news websites have reported the proposal includes Saidoff injecting 400 million shekels into Eurocom and banks agreeing to forgive 400 million shekels of debt.
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|
Meitav Dash shareholders can choose to receive 22 shekels ($13) per share in cash, a 61 percent premium to the market price, or receive 13.7 shekels per share in cash now and another 13.7 shekels per share over three years in the form of a bond.
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Haaretz and other newspapers said the probe related to gifts worth "hundreds of thousands of shekels" ($1=3.85 shekels) given to Netanyahu by Israeli and foreign businessmen.
|
|
Spacecom shares remain well below their peak of 78.30 shekels set in June 2010 but have rallied in recent weeks and closed at 11.60 shekels on Friday.
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|
The total is nearly 20 billion shekels more than the 2018 budget and includes 100 billion shekels of debt payments and another 39 billion for interest expenses.
|
|
Net interest income before credit loss expenses rose 12.3%t to 1.595 billion shekels while credit loss expenses edged higher to 136 million shekels from 129 million.
|
|
Net financing income fell to 23.9080 billion shekels from 2.15 billion, while its provision for credit losses was 147 million shekels versus 363 million a year earlier.
|
|
In the 2014 quarter Hapoalim provisioned 89 million shekels to cover a tax evasion investigation by U.S. authorities and 360 million shekels for a cost-cutting programme.
|
|
The PMO estimated the global digital health market was worth 6 trillion shekels annually and the income potential for Israel's economy at 12 billion shekels a year.
|
|
Financing income before credit loss expenses rose to 1.47 billion shekels from 1.19 billion, while the credit loss provision climbed to 90 million shekels from 42 million.
|
|
Bank Hapoalim said it sold a 13.4% stake in SHVA to the public for 40 million shekels while Leumi sold a 20.9% stake for 61.9 million shekels.
|
|
Net financing income edged up to 2.21 billion shekels from 2.17 billion, while its provision for credit losses was 46 million shekels versus 60 million a year earlier.
|
|
Hapoalim said on Thursday the shares were sold for 1.6 billion shekels ($445 million), putting a total value of 2.7 billion shekels on Israel's biggest credit card company.
|
|
In 2017 stock trading averaged 1.4 billion shekels ($402 million) a day, up slightly from 2016 on a rise in IPOs but below 2 billion shekels in 2010.
|
|
The buyers will pay 1.6 billion shekels, or 20.6 shekels a share, for a controlling 30% stake, as was agreed in a non-binding deal announced in February.
|
|
Revenue from the project is expected to be 100-110 million shekels a year for 20 years ($1 = 3.6182 shekels) (Reporting by Ari Rabinovitch; Editing by Tova Cohen)
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|
The company revised its 2019 forecast to a net loss of 1.1 billion shekels versus a previous forecast of a profit of 900 million to 13 billion shekels.
|
|
Israel's largest telecoms group said on Thursday it lost 1.57 billion shekels ($448 million) in the quarter, compared with a profit of 195 million shekels a year earlier.
|
|
The company revised its 2019 forecast to a net loss of 1.1 billion shekels versus a previous forecast of a profit of 900 million to 1 billion shekels.
|
|
Financing income before expenses for credit losses declined to 1.072 billion shekels from 1.096 billion, while the credit loss provision slipped to 41 million shekels from 59 million.
|
|
Financing income before expenses for credit losses rose to 1.19 billion shekels from 1.07 billion, while the credit loss provision slipped to 13 million shekels from 81 million.
|
|
Net interest income rose to 2.23 billion shekels in the quarter from 2.03 billion a year earlier while credit loss expenses plunged to 24 million shekels from 469 million.
|
|
Multiple Israeli financial news outlets reported that the offer includes Saidoff injecting 350-400 million shekels into Eurocom and the banks agreeing to forgive 400 million shekels of debt.
|
|
When Nestle made its initial buyout proposal last November, the shares stood at 76.7 shekels against a Nestle offer of 80 shekels, representing a 4.2 percent premium, it noted.
|
|
The bank's fourth-quarter profit suffered a one-off hit from a U.S. tax probe, dropping to 138 million shekels ($38 million) from 586 million shekels a year earlier.
|
|
In the second quarter of 2016, Hapoalim had an income of 128 million shekels from provisioning, compared with an expense of 213 million shekels in the year-ago quarter.
|
|
Net financing income rose to 2.26 billion shekels from 2.21 billion, while it had net credit loss expenses of 107 million shekels compared with 46 million a year ago.
|
|
El Al has said some pilots' salaries have doubled to about 160,000 shekels ($41,421) a month this year, mainly due to overtime, adding 270 million shekels in labour costs.
|
|
Leumi's quarterly net profit rose to 443 million shekels from 431 million a year ago but below a forecast of 468 million shekels in a Reuters poll of analysts.
|
|
The new law imposes a limit of 11,000 shekels ($553,197) on cash transactions made to businesses, which could be further reduced by the finance minister 6,000 shekels in 2020.
|
|
Partner said that in accordance with its share buyback plan of up to 200 million shekels, its board approved the repurchase of a second tranche totalling 50 million shekels.
|
|
Isracard is Israel's largest credit card company, with 4.8 million cardholders, annual revenue of more than 2 billion shekels ($549 million) and net profit of about 300 million shekels.
|
|
Financing income before credit losses rose to 1.38 billion shekels from 1.19 billion a year earlier, while the credit loss provision increased to 77 million shekels from 60 million.
|
|
In August, it revised its 2019 forecast to a net loss of 1.1 billion shekels versus a previous forecast of a profit of 900 million to 1 billion shekels.
|
|
Soho Real Estate has a market capitalisation of 38.4 million shekels, and the new company will have a valuation of more than 200 million shekels, according a market source.
|
|
Financing income before credit losses rose to 1.63 billion shekels from 1.47 billion a year earlier, while the credit loss provision increased to 99 million shekels from 90 million.
|
|
Financing income before credit losses slipped to 1.21 billion shekels from 1.24 billion a year earlier, while the credit loss provision increased to 70 million shekels from 61 million.
|
|
For 2020, the ministry expects tax income of 330.2 billion shekels, 13 billion less than in its prior estimate in June but above 2019 revenue of 317.4 billion shekels.
|
|
Bezeq earned 22.546 million shekels ($93 million) in the first three months of 29, compared with 21 million a year earlier, while revenue slipped 23.5692 percent to 2.36 billion shekels.
|
|
Net financing income rose to 2.03 billion shekels from 1.95 billion, while it had credit loss expenses of 469 million shekels compared with expenses of 147 million a year ago.
|
|
Financing income before credit losses rose to 1.34 billion shekels from to 1.07 billion a year earlier, while the credit loss provision rose to 61 million shekels from 41 million.
|
|
Net interest income fell to a less-than-forecast 2.16 billion shekels from 2.27 billion a year earlier and credit loss provision fell to 158 million shekels from 205 million.
|
|
Net interest income before credit losses rose to 1.35 billion shekels from 1.26 billion a year earlier, while the credit loss provision increased to 119 million shekels from 77 million.
|
|
The bank received offers totalling 2.5 billion shekels from 200 investors and the bids that were accepted reflected a total valuation of 2.7 billion shekels for Israel's biggest credit card company.
|
|
JERUSALEM, Nov 21 (Reuters) - * Israeli real estate developer Azrieli Group reported on Wednesday third-quarter net profit of 264 million shekels ($71 million), up from 263 million shekels a year earlier.
|
|
Hapoalim posted quarterly net profit of 21 million shekels ($23.9043 million), compared with 487 million a year earlier and below expectations of 731.5 million shekels in a Reuters poll of analysts.
|
|
The court ordered Mr. Ben-David to pay compensation of 150,000 shekels, or about $40,000, to the Abu Khdeir family and 20,000 shekels to the family of the 8-year-old.
|
|
Hapoalim earned 821 million shekels ($227 million) in the first quarter, up from 628 million a year earlier and compared with 930 million shekels forecast in a Reuters poll of analysts.
|
|
FIBI posted second-quarter net profit of 224 million shekels ($64 million), up from 219 million a year earlier and above a forecast of 205 million shekels in a Reuters poll.
|
|
Israel's Finance Ministry said the company would invest about 18 billion shekels ($5 billion) in the factory between 2018-2020 and had agreed to spend 3 billion shekels on local suppliers.
|
|
FIBI posted third-quarter net profit of 236 million shekels ($68 million), up from 13 million a year earlier and above a forecast of 229 million shekels in a Reuters poll.
|
|
Partner earned 13 million shekels ($5.2 million) in the quarter, versus a loss of 50 million shekels a year ago when it recorded a one-time expense resulting from early loan repayments.
|
|
Leumi's net interest income fell to 1.918 billion shekels in the quarter from 1.97 billion, while it had credit loss expenses of 3 million shekels compared with 106 million a year earlier.
|
|
Leumi's net interest income rose to 2.09 billion shekels in the quarter from 1.87 billion, while it had credit loss expenses of 26 million shekels compared with 46 million a year earlier.
|
|
Bezeq earned 22015 million shekels ($21 million) in the fourth quarter, down from 23.6206 million a year earlier and below a forecast of 258 million shekels in a Reuters poll of analysts.
|
|
Delek and its subsidiary Delek Energy have outstanding loans of 923 million shekels ($251 million) which are guaranteed by shares in Delek Drilling and Cohen Development that are worth 1.7 billion shekels.
|
|
Net financing income rose to 1.66 billion shekels from 1.52 billion, while the bank had credit recoveries of 123 million shekels versus a credit loss expense of 81 million a year earlier.
|
|
Leumi posted quarterly net profit of 29.52 million shekels ($2673 million), up from 29 million a year ago and above a forecast of 2350 million shekels in a Reuters poll of analysts.
|
|
Net financing income rose 5.4 percent to 2.32 billion shekels in the quarter while net credit loss expenses amounted to 13 million shekels compared with income of 118 million a year earlier.
|
|
TASE posted a 5 percent rise in revenue in 2018 to 256 million shekels ($71 million) as net profit excluding one-time items grew to 21 million shekels from 13 million in 2017.
|
|
Cellcom reported on Thursday a quarterly net profit of 23.7315 million shekels ($267,989), compared with a net profit of 32 million a year earlier, while revenue slipped 6.7 percent to 910 million shekels.
|
|
JERUSALEM, July 29 (Reuters) - Bezeq Israel Telecom said on Monday it may have to write down the value of mobile unit Pelephone by 800 million shekels to 1.1 billion shekels ($227-$312 million).
|
|
Delek reported quarterly profit of 323 million shekels ($87 million), up from 151 million shekels a year earlier, which excluded the sale of part of its stake in the Tamar offshore gas field.
|
|
"Palestinians pay only 70 or 80 shekels a day for work in Palestinian areas," said Arbassi, pointing out that a kilo of meat, the amount needed to feed his sons, costs 70 shekels.
|
|
Delek shares were up 1.1 percent at midday in Tel Aviv after it said it earned 375 million shekels ($13 million) in the fourth quarter, up from 54 million shekels a year earlier.
|
|
Partner said on Tuesday it earned 3 million shekels ($855,237) in the second quarter, up from 13 million a year earlier but below 6 million shekels forecast in a Reuters poll of analysts.
|
|
Leumi's shares fell 0.9 percent on Tuesday to 23.72 shekels.
|
|
Net financing expenses jumped 176 percent to 102 million shekels.
|
|
Further company coverage: ($1 = 3.5020 shekels) (Reporting by Ari Rabinovitch)
|
|
Arison is selling 57 million shares at 25 shekels each.
|
|
Of the total, 1.335 billion shekels was paid in cash.
|
|
The company's board declared a dividend of 80 million shekels.
|
|
Tal'at was seeking 40,000 Israeli shekels (about $11,600) in recompense.
|
|
They opened down 3.9 percent at 8.447 shekels on Tuesday.
|
|
For a thousand shekels, she can get a new register.
|
|
Cellcom posted a net loss of 16 million shekels ($4.4 million) in the quarter, compared with a net profit of 7 million a year earlier, while revenue slipped 0.5 percent to 928 million shekels.
|
|
Hapoalim on Thursday posted first-quarter net profit of 674 million shekels ($175 million), compared with 13 million a year earlier and below expectations of 717.5 million shekels in a Reuters poll of analysts.
|
|
The bank's board approved a dividend of 117 million shekels for the fourth quarter, a distribution of 20 percent of 2015 annual net profit to bring the total for 2015 to 616 million shekels.
|
|
Israeli media reports have said the government is seeking at least 22014 billion shekels ($2600 million) for IMI but bidders that dropped out believe the stake is worth no more than 22013 million shekels.
|
|
Net interest income rose to 2.23 billion shekels in the quarter from 2.09 billion a year earlier while it had a credit loss expense of 118 million shekels compared with income of 8 million.
|
|
Partner said on Tuesday it earned 7 million shekels ($13 million) in the quarter, down from 26 million a year earlier, and below a 12.7 million shekels forecast in a Reuters poll of analysts.
|
|
JERUSALEM, Nov 20 (Reuters) - Bank Hapoalim, one of Israel's largest lenders, reported on Wednesday a 22.5% drop in third quarter net profit to 736 million shekels ($213 million) from 950 million shekels a year earlier.
|
|
Net financing income edged up to 2.2 billion shekels from 2.18 billion, while it had recoveries in its provision for credit losses of 118 million shekels compared with expenses of 55 million a year ago.
|
|
It also expects its annual net profit to amount to at least several hundred million shekels, given that its net profit in the first three quarters of the year reached 286 million shekels ($82.5 million).
|
|
The state's stake is worth nearly 2 billion shekels ($553 million).
|
|
Soho Real Estate has a market value of 39.5 million shekels.
|
|
The retirement plan resulted in an expense of 13 million shekels.
|
|
Menorah will hold 1.6 billion shekels in loans from the portfolio.
|
|
That sale valued the exchange at 551 million shekels ($13 million).
|
|
Leumi's shares are down 2.6 percent this year to 13.1 shekels.
|
|
Calcalist said the holding company owes 1.2 billion shekels ($342 million).
|
|
The first tranche of 50 million shekels was completed last week.
|
|
TA) at a company valuation of 105 million shekels ($30 million).
|
|
It awarded Rabinowitz, a Holocaust survivor, 6,500 shekels ($1,800) in damages.
|
|
It had 43 million shekels of financing expenses a year ago.
|
|
The bank had previously set aside 161.9 million shekels ($44.86 million).
|
|
It had previously set aside 161.9 million shekels, or $46.1 million.
|
|
It has 3.1 billion shekels in Israeli bonds to be repaid.
|
|
It booked a profit of 373 million shekels from the sale.
|
|
Ms. Rabinowitz was awarded 6,500 shekels, or about $1,800, in compensation.
|
|
Hapoalim wrote off 110 million shekels for ending its Swiss activities.
|
|
IDB and Discount combined now have debt of 5.6 billion shekels.
|
|
That sale valued the exchange at 551 million shekels ($153 million).
|
|
"According to the evidence collected, in Kenya alone where the investigation focused ... bribes totalling tens of millions of shekels were transferred, generating projects and benefits worth hundreds of millions of shekels," police and the ISA said.
|
|
Cellcom posted on Thursday a net loss of 23.6810 million shekels ($10 million) in the quarter, compared with a net profit of 45 million a year earlier, while revenue slipped 3.6 percent to 927 million shekels.
|
|
"A genuine M-21 now costs 2280,000 to 70,000 shekels ($15,000-$18,13) on the street, whereas an improvised gun can cost as little as 2,000 shekels ($512)," one Palestinian with knowledge of the trade told Reuters.
|
|
Hapoalim on Monday said it posted fourth-quarter net profit of 2616 million shekels ($278.53 million), compared with 2278.5 million a year earlier and below expectations of 21 million shekels in a Reuters poll of analysts.
|
|
Bezeq, as expected, reported on Thursday a tax-related writedown of 1.17 billion shekels in its satellite TV unit YES and an additional 951 million shekels from the decline in value of its cellphone operator Pelephone.
|
|
Israel's fourth-largest bank by assets earned 325 million shekels ($88 million) in the quarter, compared with 324 million a year earlier and below a forecast of 431 million shekels in a Reuters poll of analysts.
|
|
Hapoalim, it said, will record a pre-tax charge of 210 million shekels in its fourth-quarter results and salary expenses will add an additional 60 million shekels a year before taxes between 2020 and 2022.
|
|
Leumi said that Warburg Pincus, which manages $45 billion in assets, will pay 1.05 billion shekels upon completion of the deal, a further 342 million shekels a year later, and the remaining amount after two years.
|
|
In Israel, you can get an eight-pack at the discount store for 21.40 shekels, just under $6 at press time, or a single Milky for anywhere from three to eight shekels (around 85 cents to $2.25).
|
|
Partner said on Thursday it earned 2 million shekels ($553,189) in the first quarter, down from 13 million a year earlier and compared with a loss of 3 million shekels forecast in a Reuters poll of analysts.
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TA), Israel's largest lender, slipped to 219.25 billion shekels ($24.2 million) in the fourth quarter from 22016 billion a year earlier, while it fell to 22.6 billion shekels from 213.1 billion at No. 260 bank Leumi (LUMI.TA).
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Israel's fourth-largest bank by assets earned 23.4862 million shekels ($156 million) in the second quarter, up from 423 million a year earlier and above a forecast of 474 million shekels in a Reuters poll of analysts.
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Net interest income in the fourth quarter rose to 33 billion shekels from 2.16 billion a year earlier, while credit loss expenses increased to 189 million shekels compared to loan recoveries of 11 million a year ago.
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Hapoalim said it would record a pretax profit from the sale of 23 million shekels in the second quarter and an additional gain of 19 million shekels for a revaluation of its remaining 11.1% stake in SHVA.
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It is seeking 400,000 shekels ($111,015), the ministry said in a statement.
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The lawyer demanded 50,000 shekels, about $13,000, in compensation for Ms. Rabinowitz.
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In the first half of 2019, daily trading averaged 1.2 billion shekels.
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Israelis and Palestinians also all use the same currency, the Israeli Shekels.
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Net interest income edged up to 499 million shekels from 498 million.
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Aeronautics, which had a market value of 507 million shekels on Jan.
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The law also states that checks will be limited to 10,000 shekels.
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Before the offering Isracard paid a total dividend of 867 million shekels.
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Its net profit in 2018 rose 6 percent to 318 million shekels.
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Israeli media estimated this would total 1.7 billion to 1.8 billion shekels.
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They would then receive 10 times that number in Israeli New Shekels.
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Eurocom is laden with nearly 1 billion shekels ($287 million) in debt.
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SFI raised 14.8 million shekels from seven investors, including Mizrahi-Tefahot Bank.
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Revenue rose 1.5% to 932 million shekels, with service revenue up 2.5%.
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It said it would pay 169 million shekels for the third quarter.
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Internet Gold will also be contributing 310 million shekels towards bond repayment.
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Psagot manages 186 billion shekels on behalf of nearly 1 million clients.
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Analysts had forecast on average credit loss expenses of 83 million shekels.
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Tamar shares were up 2.1 percent at 16.39 shekels in midday trade.
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Shares in Bezeq closed at 8.798 shekels on Monday in Tel Aviv.
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"There is a gap of 6 billion shekels that we need to close in a budget of 400 billion shekels ... It's not a big problem and certainly not a catastrophe," Shai Babad, the ministry's director general, told Reuters.
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The bank said it will had completed preparations for a buyback of shares of up to 700 million shekels, and that it will distribute 13 million shekels in a quarterly dividend, equal to 40 percent of net profit.
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Bezeq, as expected, reported for the quarter a tax-connected write-down of 1.17 billion shekels in its satellite TV unit YES and an additional 951 million shekels from the decline in value of its cellphone operator Pelephone.
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In the fourth quarter of 2015 Africa Israel had a net loss of 1.58 billion shekels after AFI, which is 65 percent held by Africa Israel, posted a decline in the value of its assets of 1.96 billion shekels.
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JERUSALEM, March 11 (Reuters) - Israeli Prime Minister Benjamin Netanyahu on Wednesday said the government will expand an aid package to help the economy deal with the coronavirus outbreak by another 6 billion shekels to 10 billion shekels ($2.8 billion).
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Lesin has been CEO since 2009, during which time the company's market value has more than doubled to 8.65 billion shekels ($2.4 billion), sales rose to 8.5 billion shekels in 2017 and its international operations have been significantly strengthened.
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The company reiterated its 2018 forecast for net income of 1.0 billion shekels.
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Prior to Sunday's decline, Spacecom had a market value of 806 million shekels.
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Bezeq, Israel's largest telecoms group, said overall investor demand reached 1.2 billion shekels.
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The quarter included income of 13 million shekels from a settlement with Orange.
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The police estimate the gifts were worth a total of 1m shekels ($280,000).
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TA) 47 percent stake in insurer Phoenix for 2.3 billion shekels ($655 million).
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In September, Sirius had bought 4.9 percent of Phoenix for 208 million shekels.
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These can sell for around 5,000 shekels ($1,280) on the Palestinian black market.
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And for that misrepresentation, the court awarded Naftali 75,000 shekels, or about $19,200.
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IDB raised a total of 321 million shekels ($83 million) in the offering.
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The budget allocates 63 billion shekels for defense spending, the Finance Ministry said.
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In April, Tres Coracoes acquired activities in northern Brazil for 23 million shekels.
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Credit to the public last year rose 5.5 percent to 278.5 billion shekels.
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TA) for 1.8 billion shekels ($523 million), the Finance Ministry said on Sunday.
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The plan will cost an estimated 800 million shekels ($218 million) a year.
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It has so far received 5,360 requests worth 18.6 billion shekels ($5 billion).
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Discount's shares surged 24.2 percent in afternoon trading on Sunday to 11.05 shekels.
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But there's a price to pay for all these tourist dollars, shekels, hryvnia.
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Revenue rose 13% to 2.24 billion shekels, or 6.1% excluding foreign exchange effects.
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Bezeq, Israel's largest telecoms group, said on Thursday it earned 22015 million shekels ($21 million) in the fourth quarter, down from 23.6206 million a year earlier and below a forecast of 258 million shekels in a Reuters poll of analysts.
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Bezeq, Israel's largest telecoms group, said on Thursday it earned 288 million shekels ($13 million) in the first quarter, down from 463 million a year earlier and below a forecast of 333 million shekels in a Reuters poll of analysts.
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Discount, Israel's third-largest bank, said on Monday it earned 60 million shekels ($13 million) in the fourth quarter, up from 4 million a year earlier but below a forecast of 152 million shekels in a Reuters poll of analysts.
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A year ago, Bezeq approved a cost cutting plan to retire 337 workers early at an expense of 512 million shekels, in addition to 90 million shekels set aside in the first and second quarters of 2018 for early retirement.
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The U.S. private investment firm on Tuesday sweetened its bid to buy a controlling stake in Bezeq, offering a total equity investment of 330 million shekels ($92.5 million) in B Communications and another 225 million shekels in BCom's parent, Internet Gold.
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Israeli Army Radio put the cost of damages at 5 million shekels ($1.4 million).
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Africa-Israel has 3.1 billion shekels ($13 million) in Israeli bonds to be repaid.
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It was forecast to earn 220 million shekels in a Reuters poll of analysts.
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The company also issued warrants to buy 4.4 million shares at 11 shekels each.
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Cellcom shares were down 7.7 percent to 28.06 shekels at midday in Tel Aviv.
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No longer a homeowner, he pays 1,000 shekels a month for a rented apartment.
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Osem shares were down 0.6 percent at 80.85 shekels in late trading on Tuesday.
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Mr. Deri was also ordered to pay the Nawara family 50,000 shekels (about $14,000).
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This follows a tender to institutional investors in which demand reached 2.6 billion shekels.
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Last year companies raised 66.5 billion shekels in bonds, nearly double the 2013 level.
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|
Those lucky enough to have work earn, on average, 45 shekels ($13) per day.
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Shares in Discount Bank were up 0.9 percent at 10.09 shekels in midday trading.
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Teva's shares were up 3.4 percent at 114.10 shekels in late Tel Aviv trading.
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In total, the price paid would come to about 497 to 746 million shekels.
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|
Strauss declared a dividend of 200 million shekels, up from 160 million in 2017.
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|
Non-interest income gained 12.7% to 960 million shekels and operating expenses rose 5.3%.
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|
Axel Springer in 2014 bought Israeli classified ads website Yad2 for 806 million shekels.
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It booked one-off items of more than 200 million shekels in the quarter.
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Israeli pension funds, insurance companies and mutual funds manage 1.6 trillion shekels ($407 billion).
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|
Shares in Nice were up 1.3 percent at 250 shekels ($65.18) in Tel Aviv.
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|
As of March 31, Delek's investment balance in Phoenix was approximately 1.8 billion shekels.
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|
It builds on an initial government aid package of 15 billion shekels ($4.1 billion).
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|
Bezeq declared a dividend of 368 million shekels for the second half of 2017.
|
|
The company maintained its 2019 forecast of a net loss of 1.1 billion shekels.
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|
For a thousand shekels, you can get the best one, with Kinect and everything.
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Senior bankers' compensation has risen to as much as 8 million shekels a year.
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|
Revenue rose 3.1% to 938 million shekels versus the 929 million expected by analysts.
|
|
Golan informed Cellcom that in light of certain unspecified claims it will pay the company a monthly amount of 10.6 million shekels plus value added tax instead of the agreed 21 million shekels for national roaming services already provided by the company.
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|
Abu Khalid said that a package deal for the jump over the wall and transportation to his work site costs about 800 shekels for a solo trip; when three men go in together, he said, they can cross for perhaps 300 shekels each.
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Discount, Israel's third-largest bank, said on Thursday it earned 179 million shekels ($46.5 million) in the first quarter, down from 13 million a year earlier and in line with a forecast of 179 million shekels in a Reuters poll of analysts.
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Discount, Israel's fourth-largest bank in terms of assets, said its net profit rose to 13 million shekels ($84 million)from 179 million a year earlier and was above the average forecast of 298 million shekels in a Reuters poll of analysts.
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|
Its shares were largely flat at 93.25 shekels a share at midday in Tel Aviv.
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Last year Gazans bounced cheques worth more than 400m shekels, an 80% increase over 2016.
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|
Osem shares closed at 60.4 shekels the day before the deal was finalised on Jan.
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|
The commercial sector invested another 7 billion shekels into the construction of five desalination plants.
|
|
In November Bezeq raised its 2015 profit estimate to 1.7 billion shekels from 1.5 billion.
|
|
It costs 1003bn shekels ($4.3bn), and unlike previous plans was devised together with Arab representatives.
|
|
They jumped 23.5217% in their first hours of trading to 9.25 shekels in heavy turnover.
|
|
Excluding the valuation profits and the tax rate decrease, net profit totalled 244 million shekels.
|
|
It had credit loss expenses of 46 million shekels versus 33 million a year ago.
|
|
Last August, Leumi sold a 5.2 percent stake in Israel Corp for 500 million shekels.
|
|
Credit loss expenses grew 28.7 percent to 130 million shekels due to more risky loans.
|
|
It paid a one-off special dividend of 250 million shekels ($72 million) in 2008.
|
|
Bcom shares were up 5 percent at 36.56 shekels in morning trade in Tel Aviv.
|
|
Sales slipped 2.9 percent to 1 billion shekels due to discounts, promotions and price reductions.
|
|
Spacecom's shares were 0.5 percent lower in afternoon trading in Tel Aviv at 27.50 shekels.
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|
It was forecast to earn 500 million shekels, according to a Reuters poll of analysts.
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|
It said it would pay out 392 million shekels for the first half of 2019.
|
|
Net interest income rose 13 percent to 1.3 billion shekels, while expenses dipped 4.5 percent.
|
|
Bezeq had net profit of 1.7 billion shekels in 2015 and EBITDA of 4.25 billion.
|
|
According to online court records, KAN is suing Live Nation for 1.375 million shekels ($390,000).
|
|
Its main rival, Cellcom, this month reported slightly higher quarterly profit of 45 million shekels.
|
|
JERUSALEM (Reuters) - Israel's government will receive about 4 billion shekels ($1.1 billion) after Intel's (INTC.
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|
It declared a quarterly dividend of 275 million shekels, representing 40 percent of net income.
|
|
The total cost for the 96 megawatt wind farm is 660 million shekels, Enlight said.
|
|
Revenue fell 2.3% to 2.25 billion shekels, slightly above the 2.23 billion expected by analysts.
|
|
Net interest income edged up to 2.97 billion shekels in the quarter from 2.290 billion.
|
|
Quarterly revenue rose to 2.1 billion shekels from 2.07 billion, boosted by fuel retail sales.
|
|
It was forecast to earn 408 million shekels, according to a Reuters poll of analysts.
|
|
Mizrahi has previously provisioned 587 million shekels to cover a likely fine by U.S. authorities.
|
|
Quarterly profit was below expectations of 531 million shekels in a Reuters poll of analysts.
|
|
Ceding market share to Netflix or Amazon to squeeze customers for a few shekels more?
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|
The 2008 amnesty yielded about 7 million shekels' worth of equipment, or about $1.8 million.
|
|
Exploration and production operations contributed 40 million shekels, up from 30 million a year earlier.
|
|
Revenue slipped 2 percent to 64.6 million shekels due to a decline in trading volumes.
|
|
In all, the merchandise was worth more than one million shekels ($280,000), the statement said.
|
|
And this week, the PA, which takes its own tax in an arrangement agreed with Israel, allowed the import of cigarettes costing eight shekels a pack compared with the usual 21 shekels for other brands, through Israel's Kerem Shalom commercial crossing for the first time.
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|
Elsztain, who has invested nearly 2.5 billion shekels ($665 million) in IDB, acquired the heavily indebted group from former Israeli tycoon Nochi Dankner when it was structured as a six-layer pyramid with one holding company controlling another and had 16 billion shekels in debt.
|
|
The shares had been trading at 365 shekels when trade was halted prior to the announcement.
|
|
It had been forecast to earn 13 million shekels, according to a Reuters poll of analysts.
|
|
Mutasem, 22013, makes a few shekels transporting the food cartons to people's homes on his donkey.
|
|
Cellcom quickly demanded Golan drop the deal with Hot or pay 900 million shekels in compensation.
|
|
In 240 he took out a loan to pay for an order worth 21,2000 shekels ($20,830).
|
|
After reaching an average of 2 billion shekels ($572 million) a day in 2010, volumes slid.
|
|
The bank said it decided to accept precommitments of nearly 1.29 billion shekels from institutional investors.
|
|
In Tel Aviv, Bird will charge 5 shekels to start and then 50 agorot per minute.
|
|
The company will pay a quarterly dividend of 120 million shekels, unchanged from a year ago.
|
|
Public debt totaled 740.8 billion shekels ($210 billion) last year, compared with 726.7 billion in 2015.
|
|
For each fund, the government will provide guarantees of up to 50 million shekels ($14 million).
|
|
Union, the country's sixth-largest bank, has a market value of 1.4 billion shekels ($400 million).
|
|
Leumi said it would report a capital gain from the deal of about 234 million shekels.
|
|
It had been forecast to earn 823.6 million shekels, according to a Reuters poll of analysts.
|
|
This followed a sale of a 6.9 percent stake in February 2015 for 707 million shekels.
|
|
It had been forecast to earn 769 million shekels, according to a Reuters poll of analysts.
|
|
The shares will be sold at 21.83 per share and Discount will receive 854 million shekels.
|
|
This year it proposes to give the city 800m shekels ($233m)—14% of its operating budget.
|
|
Others heckled a reporter with anti-Semitic slurs, asking how many "shekels" the man would get.
|
|
The bank was forecast to earn 914 million shekels, according to a Reuters poll of analysts.
|
|
That agreement had included a promise by Intel to spend 3 billion shekels on local suppliers.
|
|
Asseco sold a 20 percent stake in Formula for 365.6 million shekels ($105.04 million) in August.
|
|
Net interest income rose 1.7 percent to 1.207 billion shekels, while operating expenses dipped 4.1 percent.
|
|
Revenue slipped 2.6 percent to 1.88 billion shekels but rose 4.7 percent excluding foreign exchange effects.
|
|
A couple of months earlier, Sirius had bought 4.9 percent of Phoenix for 208 million shekels.
|
|
It had been forecast to earn 740 million shekels, according to a Reuters poll of analysts.
|
|
Those deals, it said, were worth more than 550 million shekels over the past six years.
|
|
Partner earned 0003 million shekels in the third quarter, down from 54 million a year earlier.
|
|
Net interest income in the quarter was steady at 2.29 billion shekels versus a year earlier.
|
|
The company will pay out 73.2 million shekels for 2019, equal to 30% of net profit.
|
|
Revenue dropped 1.6% to 13 billion shekels, though organic growth excluding foreign exchange effects was 2.7%.
|
|
The bank's board also approved a new share buyback programme of up to 700 million shekels.
|
|
The bank was forecast to earn 793 million shekels, according to a Reuters poll of analysts.
|
|
Partner Communications has a market capitalisation of 2.8 billion shekels ($809 million), Refinitiv Eikon data shows.
|
|
In Case 1000, police say Netanyahu received gifts worth 1 million shekels ($280,000) from overseas businessmen.
|
|
A thousand shekels—you not only buy a new register, but I owe you a favor.
|
|
From 2012 to the first half of 2016, Hapoalim's net profit has totalled 12.6 billion shekels.
|
|
Bezeq shares fell nearly 5 percent on Tuesday, but held steady on Wednesday at 6.16 shekels.
|
|
Azrieli plans to renovate and expand the hotel at a cost of 500-600 million shekels.
|
|
Analysts on average forecast a net profit of 356 million shekels, according to a Reuters poll.
|
|
In all, the merchandise was worth more than one million Israeli shekels ($280,000), the statement said.
|
|
In 2014 Olmert, now aged 70, was found guilty of two bribery charges: accepting 500,5003 shekels ($129,000) from developers of the Holyland real estate project in Jerusalem, widely regarded as one of the city's worst eyesores, and another 60,218 shekels ($210,24) in a separate land deal.
|
|
In 2014 Olmert, now aged 70, was found guilty of two bribery charges: accepting 500,000 shekels ($129,000) from developers of the Holyland real estate project in Jerusalem, widely regarded as one of the city's worst eyesores, and another 103,000 shekels ($15,500) in a separate land deal.
|
|
Last month it had provided an initial assessment for a writedown of up to 403 billion shekels.
|
|
Shares in Spacecom were down 8.5 percent to 8.6 shekels ($2.39) in morning trade in Tel Aviv.
|
|
It defaulted on a series of bonds and in 2010 it restructured 7.4 billion shekels of debt.
|
|
Revenue slipped 13 percent to 2.3 billion shekels, not far off the 2.34 billion expected by analysts.
|
|
It noted that it had one-off items of more than 200 million shekels in the quarter.
|
|
The investment will be done at 1.6 shekels ($0.47) a share, 14 percent above the market price.
|
|
The state last sold a 5 percent stake in the bank in 2011 for 1.3 billion shekels.
|
|
In 2016, Israel passed a law capping bank executive compensation at 2.5 million shekels ($700,908) a year.
|
|
Israeli media outlets are reporting that the alleged gifts involved were worth hundreds of thousands of shekels.
|
|
Israel's Harel Insurance Investments and Financial Services is lending Warburg Pincus 850 million shekels for the purchase.
|
|
The bank declared a quarterly dividend of 342 million shekels, equal to 13 percent of net profit.
|
|
Hapoalim declared a dividend of 41 million shekels, or 30 percent of net profit, for the quarter.
|
|
Partner earned 21 million shekels ($23.6820,183) in the second quarter, down from 46 million a year earlier.
|
|
Reshef estimates average households will save as much as 900 shekels ($233) a year on food costs.
|
|
FIBI posted first-quarter net profit of 183 million shekels, up from 137 million a year earlier.
|
|
In total these expenses are expected to reduce 2018 net profit by 464 million shekels, Bezeq said.
|
|
It had been forecast to earn 277 million shekels, according to Thomson Reuters I/B/E/S.
|
|
The bank had credit loss expenses of 211 million shekels, compared with 58 million a year earlier.
|
|
Including that one-off gain, Delek's profit in the third quarter of 2017 was 13 billion shekels.
|
|
Revenue increased 9.4 percent to a record 3.3 billion shekels as same store sales rose 3.6 percent.
|
|
Elovitch is under pressure to sell Eurocom, which has nearly 1 billion shekels ($282 million) in debt.
|
|
It had been forecast to earn 251 million shekels, according to Thomson Reuters I/B/E/S.
|
|
The bank had credit loss expenses of 187 million shekels, compared with 141 million a year earlier.
|
|
Hagej was fined 450 shekels ($125) after his first arrest, a fine that increased with each offense.
|
|
Discount said it would report a capital gain of 690 million shekels ($178.5 million) from the sale.
|
|
In 2016, Israel passed a law capping bank executive compensation at 2.5 million shekels ($700,000) a year.
|
|
It expects to receive 164 million shekels from the sale of its share in desalination firm IDE.
|
|
Man shouts at press for selling out "for a few shekels" at Trump rally in Miami pic.twitter.
|
|
Income from commissions was also down at 799 million shekels from 13 billion while tax expenses rose.
|
|
This will boost its actuarial liabilities by 352 million shekels in its fourth quarter results, it said.
|
|
In front yards and living rooms, villagers pick apart scraps for a few shekels worth of copper.
|
|
The firm's shares were down 5.8 percent at 111.30 shekels ($31.83) in midday trade in Tel Aviv.
|
|
Revenue rose 21 percent to 20.8538 billion shekels, also helped by strong growth in its water division.
|
|
Delek said it would pay a dividend of 120 million shekels, the same as the first quarter.
|
|
Leumi's net interest income edged up 21 percent to 23.8057 billion shekels in the April-June quarter.
|
|
Revenue edged up 5.2 percent to 1.9 billion shekels but rose 11 percent excluding foreign exchange effects.
|
|
TA) to finance two wind farm projects for a total investment of 1.3 billion shekels ($363 million).
|
|
The pills altogether weighed 16.5 pounds and were worth an estimated $430,000 USD (approximately 1.5 million shekels).
|
|
Hapoalim shares were down 2.5 percent at 26.46 shekels by 0900 GMT Israel's central bank said that by the end of the year, Arison's license to control Hapoalim, which has a market cap of about 36 billion shekels ($10 billion), will be replaced by a license to hold shares.
|
|
Revenue slipped 2.3 percent to 3 billion shekels due to the timing of the Jewish holiday of Passover.
|
|
It would also demand the recovery of 300 million shekels of discounts it provided Golan under the NRA.
|
|
HK) for 1.8 billion shekels ($463 million) but it collapsed when conditions for the deal were not met.
|
|
It said its board approved a buyback of its own shares valued at up to 700 million shekels.
|
|
Joining a global trend, the Israeli exchange sold nearly 22020% of its shares at 21 shekels per share.
|
|
Such a step — losing up to 25 billion shekels a year — would be problematic for Israel's fiscal policies.
|
|
Ben Zeev noted that Israeli bank accounts contain about 1 trillion shekels of cash earning almost no interest.
|
|
Revenue dipped 18 percent to 803 million shekels as Partner and its peers continue to battle fierce competition.
|
|
Demand for the 6.2-year, inflation-linked bonds - a widening of an existing series - exceeded 2 billion shekels.
|
|
He said he had spent 1.2 million shekels ($339,33) building the family house that is now under threat.
|
|
Israel's largest telecoms group said on Thursday it earned 1003 million shekels ($2100 million) in the second quarter.
|
|
Mizrahi earned 202 million shekels ($13 million) in the fourth quarter, down from 365 million a year earlier.
|
|
It was forecast to earn 366 million shekels excluding the provision, according to a Reuters poll of analysts.
|
|
Sales at its international dips and spreads joint ventures with PepsiCo rose 10.3 percent to 186 million shekels.
|
|
Bezeq estimated 2017 net profit at 1.4 billion shekels, compared with net profit in 13 of 1.24 billion.
|
|
Hapoalim earned 27.6 million shekels ($22018 million) in the fourth quarter, down from 29 million a year earlier.
|
|
The president's son also remarked that Woodward made "three extra shekels" with his book attacking the Trump administration.
|
|
Net profit in the quarter fell to 13 million shekels ($18 million) from 68 million a year earlier.
|
|
Coffee sales dropped 8.4% from a year earlier to 933 million shekels, or 0.8% excluding foreign exchange effects.
|
|
Discount said it would pay a quarterly dividend of 48.75 million shekels equal to 15% of net profit.
|
|
Shufersal last year bought New-Pharm Drugstores, which operates dozens of branches in Israel, for 130 million shekels.
|
|
The value is about 1 billion shekels more than what Apax paid when it acquired Psagot in 2010.
|
|
And whatever it is, even if it costs a million shekels, Daddy will buy it for you, promise.
|
|
Revenue slipped 1.7 percent to 13 million shekels, with the company attributing it to price erosion from competition.
|
|
Sales of the joint venture for purifying tap water doubled to 117.9 million shekels in the first quarter.
|
|
Leumi's net interest income dipped to 2.1 billion shekels from 2.2 billion due to the decline in inflation.
|
|
Similarly, commissions fell by over 200 million shekels due to the sale of Leumi Card, the bank said.
|
|
Coffee sales rose 1.8% from a year earlier to 986 million shekels, or 5.1% excluding foreign exchange effects.
|
|
She has said that tax revenue will fall short by some 7.5 billion shekels ($2.1 billion) this year.
|
|
Elbit may pay an additional 100 million shekels depending on IMI's performance, Israel's Finance Ministry said in a statement.
|
|
He works a half-day, seven days a week, and said he earns a total of 20 shekels ($5).
|
|
As a result, Delek Group will book an after-tax profit of 800 million shekels in the third quarter.
|
|
The government employee charged along with Netanyahu also reached an agreement with the prosecution and was fined 10,000 shekels.
|
|
Leumi said it earned 820 million shekels ($233 million) in the quarter, down from 919 million a year earlier.
|
|
It was forecast to make a profit of 820 million shekels, according to Thomson Reuters I/B/E/S.
|
|
Analysts, on average, forecast profit of 8.3 million shekels on revenue of 13 million, according to a Reuters poll.
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Standard & Poor's Maalot rated the bonds "AAA" with a stable outlook for an offering up to 1.45 billion shekels.
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Ithaca contributed 163 million shekels to Delek's operating income in the quarter, up from 103 million a year earlier.
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The value of Tel Aviv's corporate bond market has nearly tripled since 2006 to 358 billion shekels ($99 billion).
|
|
Israel says it will now consider Public Private Partnerships (PPP) for all projects over 250 million shekels ($67 million).
|
|
In the first quarter, Bezeq's satellite TV business Yes saw its profit plunge 95 percent to 1 million shekels.
|
|
The funds will also be able to raise credit backed by the state of up to 100 million shekels.
|
|
In exchange for his son's corpse, Farouk Hamdan paid a deposit of 163,216 shekels ($229,272) to Israeli security forces.
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|
In exchange for his son's corpse, Farouk Hamdan paid a deposit of 20,2000 shekels ($5,100) to Israeli security forces.
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Central Bottling is one of Israel's largest food and drinks maker, with annual sales of about 2 billion shekels.
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Hapoalim's shares were up 0.3 percent at 19.25 shekels in afternoon trade and are down 4.2 percent in 2016.
|
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Bezeq, Israel's largest telecoms group, had forecast net profit of 1 billion shekels ($277 million) prior to this warning.
|
|
Israel's Harel Insurance Investments and Financial Services said it was lending Warburg Pincus 850 million shekels for the purchase.
|
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Leumi said on Thursday it earned 730 million shekels in the quarter, up from 622 million a year earlier.
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|
The proposed 2016 budget is double that, at 1.17 million shekels, raised largely from donations from Israel and abroad.
|
|
Discount expects to record a capital gain of 1.28 billion shekels ($353 million) in the second quarter of 2018.
|
|
The bank reported a one-time tax expense of 16 million shekels due to the corporate tax rate change.
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DE) for up to 500 million shekels ($144 million), a source close to the matter said, confirming media reports.
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Just a few months later in April 2012, the family ordered meals amounting to 26,061 shekels -- more than $7,100.
|
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The company's operating expenses dropped 15 percent to 489 million shekels but finance costs nearly doubled to 54 million.
|
|
Ouda Daqdouq, 26, has worked various settlement jobs since he was 16, earning up to 250 shekels a day.
|
|
Netanyahu was accused of keeping thousands of shekels from recycling fees on bottles that were, strictly speaking, state property.
|
|
In 2016, Israel passed a law capping bank executive compensation at 2.5 million shekels, or around $700,000, a year.
|
|
It has raised 45 million shekels ($30 million) in social impact bonds, also known as pay-for-success projects.
|
|
It sold 427.9 million shekels of unlinked bonds that will mature in 13 and pay annual interest of 3.6%.
|
|
FIBI posted fourth-quarter net profit of 222 million shekels ($13 million), up from 165 million a year earlier.
|
|
FIBI said it would pay a dividend of 125 million shekels, up from 110 million in the third quarter.
|
|
Azrieli said fourth-quarter net profit grew to 1.1 billion shekels ($13 million) from 459 million a year earlier.
|
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Partner said it earned 7 million shekels ($13 million) in the quarter, down from 19 million a year earlier.
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|
Shufersal in late 2018 bought New-Pharm Drugstores, which operates dozens of branches in Israel, for 130 million shekels.
|
|
Revenue slipped 2% to 781 million shekels, with its cellular subscriber base unchanged in the quarter at 2.62 million.
|
|
Cellcom, Israel's largest mobile operator, said last week it would buy smaller rival Golan Telecom for 590 million shekels.
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Mizrahi earned 440 million shekels ($129 million) in the October-December period, up from 202 million a year earlier.
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|
To meet a 2% of GDP target in 2022, 33 billion shekels of adjustments are necessary, the ministry said.
|
|
The finance and health ministries estimate exports could raise tax income by 1 billion shekels ($265 million) a year.
|
|
It declared a dividend for the second quarter of 42 million shekels, equal to 10 percent of net profit.
|
|
Should all shareholders opt for the all-cash deal, the deal would be worth 1.48 billion shekels ($386 million).
|
|
Ali said that in March, the PA cut his monthly salary in half, leaving him with of 1,500 shekels ($431).
|
|
Excluding one-time items, net profit in the quarter was 980 million shekels, compared with 861 million a year earlier.
|
|
Those taxes would also be applied retroactively, Goder said, a decision that would cost Foreign Ministry workers thousands of shekels.
|
|
Hapoalim said it earned 1.12 billion shekels ($293 million) in the second quarter, up from 886 million a year earlier.
|
|
In addition, Discount would inject up to 40 million shekels in capital in Spacecom, which operates the Amos communication satellites.
|
|
It was forecast to earn 260 million shekels on revenue of 2.41 billion, according to a Reuters poll of analysts.
|
|
Analysts, on average, forecast a loss of 17.75 million shekels on revenue of 930 million, according to a Reuters poll.
|
|
All-inclusive calling, surfing and text packages are on offer at a price of 29 shekels, or $8, a month.
|
|
Hapoalim's profit was also hit by credit loss expenses of 246 million shekels, compared with 431 million a year ago.
|
|
TASE's equity trading volume improved in 2015 to 1.4 billion shekels ($359 million) a day from 1.2 billion in 2014.
|
|
Revenue slipped 1 percent to 797 million shekels, with its cellular subscriber base falling by 1 percent to 2.65 million.
|
|
Harel will have 40 percent ownership of the partnership and has committed to an equity investment of 90 million shekels.
|
|
Rental income grew 0.8 percent to 13 billion shekels, while net operating income (NOI) increased 2.3 percent to 1.05 billion.
|
|
U.S. private equity firm Warburg Pincus bought Leumi Card from Leumi and Azrieli Group last month for 2.5 billion shekels.
|
|
Coffee sales fell 0.3 percent to 978 million shekels in the period, but grew 5.5 percent excluding foreign exchange effects.
|
|
Discount said it would pay a dividend of 81.75 million shekels, reflecting a dividend rate to 15% of net profit.
|
|
Coffee sales fell 6.6% from a year earlier to 913 million shekels, but slipped only 1.3% excluding foreign exchange effects.
|
|
Mizrahi earned 576 million shekels ($165 million) in the April to June period, up from 207 million a year earlier.
|
|
In December 2011, prosecutors say she ordered meals to the prime minister's residence totaling 24,164 shekels -- more than $6,500 dollars.
|
|
As a condition, the economy ministry said, Intel agreed to spend 15 billion shekels in "reciprocal procurement" from Israeli companies.
|
|
Based on current commitments, expenditures next year are expected to reach 421 billion shekels, 9 billion above a legal ceiling.
|
|
Its first bond, for 8 million shekels, aims to reduce the drop-out rate among higher education computer science students.
|
|
It has used 600,000 shekels (about $170,000) given by the defense ministry and Prime Minister's office to restore the site.
|
|
Last year she sold control of construction group Shikun & Binui to businessman Naty Saidoff for 1.1 billion shekels ($299 million).
|
|
On one wall are funky, African-inspired laser-cut masks shaped by the local label Umasqu (726 shekels, about $200).
|
|
Before this came into effect, remuneration for senior banks had risen to as much as 8 million shekels a year.
|
|
A new wage agreement with workers will boost salary expenses by 100 million shekels pretax in 2019, the bank said.
|
|
Earlier this month Cellcom, Israel's largest mobile phone operator, reported a steeper-than-expected net loss of 35 million shekels.
|
|
Mizrahi earned 13 million shekels ($121 million) in the July to September period, down from 454 million a year earlier.
|
|
Excluding one-time items, net profit in the quarter was 13 million shekels, compared with 861 million a year earlier.
|
|
For example, in December 24000, prosecutors say she ordered meals to the PM's residence totaling 22015,227 shekels -- more than $6,500.
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|
It said it would pay 176 million shekels for the fourth quarter, up from 169 million in the third quarter.
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|
"My father sorted your father out with 20 billion dollars and you are crying over 400 shekels?" he adds, laughing.
|
|
Delek said it earned 243 million shekels ($68 million) in the first quarter, up from 220 million a year earlier.
|
|
Hapoalim's shares were up 1 percent to 13 shekels in morning trade, compared with no change in the banking index.
|
|
The bank's main rival, Hapoalim, last week reported a 13% drop in third quarter net profit to 736 million shekels.
|
|
His bail was set 1 million shekels with another 8 million shekel guarantee to be signed by a third party.
|
|
The company in May reiterated it expected to post net profit of between 900 million and 1 billion shekels for 2019.
|
|
The company said it planned to buy back 100 million shekels of its shares and 250 million shekel of its debt.
|
|
Quarterly revenue slipped 2 percent to 814 million shekels, with its cellular subscriber base falling 1 percent to about 2.65 million.
|
|
It dipped again in the January-May period, averaging 1.28 billion shekels versus 1.43 billion in the same period of 2015.
|
|
All-inclusive calling, surfing and text packages are still on offer at a rock bottom price of 29 shekels, or $8.
|
|
Its shares were up 0.8 percent to 26.58 shekels in morning trade, outpacing a flat blue chip Tel Aviv-13 index.
|
|
Top rival Leumi said on Tuesday it earned 936 million shekels in the quarter, up from 820 million a year earlier.
|
|
If you want to see how the neo-Nazis use the term "shekels" take a quick glance at The Daily Stormer.
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Bezeq, Israel's largest telecoms group, last month provided an initial assessment for a write-down of up to 1.1 billion shekels.
|
|
Revenue slipped 4% to 794 million shekels, with its cellular subscriber base falling by 1% in the quarter to 2.62 million.
|
|
Case 1000 concerns supposedly illegal gifts of champagne, Cuban cigars and jewellery, worth one million shekels ($270,000), given to the Netanyahus.
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|
So details of how millions of shekels changed hands in the purchase of submarines and surface ships are galvanising the country.
|
|
These banks would be required to have initial capital of just 50 million shekels ($14 million) and gradually raise this amount.
|
|
The bank's board approved a dividend of 135 million shekels for the quarter, a distribution of 20 percent of net profit.
|
|
Leumi said on Thursday it earned 730 million shekels ($204.5 million) in the quarter, up from 622 million a year earlier.
|
|
Leumi earned 431 million shekels compared with a loss of 43 million a year and analysts' average forecast of 667 million.
|
|
The program will invest 4003 billion shekels, or $560 million, in education, infrastructure and helping Palestinian women enter the work force.
|
|
Leumi said on Tuesday it earned 22016 million shekels ($21 million) in the quarter, up from 23.4632 million a year earlier.
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|
He said the state would allocate 100 million shekels ($27 million) for technological education and would encourage investment through accelerated depreciation.
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|
That is relatively far away from Haifa or the West Bank—a taxi would have cost the families around 500 shekels.
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|
Isracard is Israel's largest credit card issuer, with annual turnover of 155 billion shekels, representing 45 percent of credit card transactions.
|
|
It noted the ads related to this nexus of activity were paid for in U.S. dollars, Israeli Shekels, and Brazilian reals.
|
|
Mr Kish produces between 6,000 and 7,000 bottles of wine a year; he reckons each costs 45 shekels ($12) to make.
|
|
The purchase price includes Elco taking on 250 million shekels of debt, it said in a regulatory statement in Tel Aviv.
|
|
The bank said it would pay a dividend of 41 million shekels, or 30 percent of net profit, for the quarter.
|
|
Boosted by the consolidation of satellite TV unit YES, revenue rose 15.2 percent to 2.6 billion shekels, in line with expectations.
|
|
Eurocom Chairman Elovitch is under pressure to sell Eurocom, which is laden with nearly 1 billion shekels ($293 million) in debt.
|
|
The term "shekels" has been widely used by white nationalists to describe money they say has been tainted by Jewish influence.
|
|
The Andy is a major award in Israel and includes an exhibition for the artist and 50,000 shekels, or about $12,000.
|
|
Revenue slipped to 822 million shekels from 826 million, with its cellular subscriber base falling by 1 percent to 2.65 million.
|
|
Of that, 8 billion shekels will be in a special fund to provide cheap loans to businesses impacted by the outbreak.
|
|
Before this came into effect, remuneration for senior bank officials had risen to as much as 8 million shekels a year.
|
|
It was forecast to have earned 390 million shekels in the July-September period, according to a Reuters poll of analysts.
|
|
News of Granot's detention sent shares in Bezeq, Israel's largest telecoms firm, down 1.5 percent to 5.01 shekels in Tel Aviv.
|
|
Most straightforwardly, Israel could borrow commercially against the MOU, paying interest in shekels or from funds set forth in the MOU.
|
|
Delek posted quarterly net profit of 36 million shekels ($9.5 million), compared with a loss of 120 million a year earlier.
|
|
Its sales in Israel rose 3.4 percent to 737 million shekels, while global coffee sales climbed 14.8 percent to 833 million.
|
|
All kosher establishments pay 500 shekels an hour, or about $135, for the services of an official mashgiach, or kashrut supervisor.
|
|
It recovered 154 million shekels from loans previously written off, compared with credit loss expenses of 12 million a year ago.
|
|
The value of Saban's holdings in Partner have slid to 733 million shekels ($209 million), less than repayment of the loan.
|
|
Cellcom said on Wednesday it earned 32 million shekels ($9.1 million) in the quarter, down from 33 million a year earlier.
|
|
Israel's fourth-largest bank by assets said on Wednesday it earned 434 million shekels , up from 291 million a year earlier.
|
|
The bank, Israel's largest by market value, was forecast to earn 2200 million shekels, according to a Reuters poll of analysts.
|
|
The financing for the projects will amount to 1.1 billion shekels and the loans will be spread out over 21 years.
|
|
It noted that they worked for a number of months to create fake 200 shekel bills worth tens of thousands of shekels.
|
|
Delek said on Wednesday it earned 180 million shekels ($50 million) in the second quarter, up from 80 million a year earlier.
|
|
Profit from exploration and production was 130 million shekels in the quarter, compared with 72 million in the same period in 2016.
|
|
Cellcom said on Wednesday it earned 73.53 million shekels ($3.2.5 million) in the second quarter, up 21 percent from a year earlier.
|
|
Revenue dipped 23.8111 percent to 1.03 billion shekels and it took a 13 million shekel expense related to a voluntary retirement plan.
|
|
Better shake out a few shekels from your coin purse to make sure your fellow viewers note and appreciate your incisive wit.
|
|
Partner reported a profit of 26 million shekels ($7 million) in for April-June quarter, up from 9 million a year earlier.
|
|
Leumi said on Monday it earned 1.09 billion shekels ($303 million) in the first quarter, up from 730 million a year earlier.
|
|
Partner said on Monday it earned 51 million shekels ($14 million) in the first quarter, up from 13 million a year earlier.
|
|
Shufersal posted net profit of 53 million shekels ($14 million) in the January-March period, up from 13 million a year earlier.
|
|
FIBI said on Thursday it earned 13 million shekels ($38 million) in the first quarter, up from 125 million a year earlier.
|
|
FIBI said it would pay a dividend of 110 million shekels to reflect a payout of up to 50% of net earnings.
|
|
Since the incident, Spacecom's shares have fallen some 56 percent, while its market value is down to 568 million shekels ($148 million).
|
|
Leumi said on Wednesday it earned 923 million shekels ($265 million) in the second quarter, up from 903 million a year earlier.
|
|
It declared a dividend of 578 million shekels for the second half of 2016, a distribution of 100 percent of net profit.
|
|
Cellcom said on Monday it earned 33 million shekels ($8.6 million) in the third quarter, down from 40 million a year earlier.
|
|
Cellcom said on Monday it earned 10 million shekels ($3 million) in the fourth quarter, down from 14 million a year earlier.
|
|
The company had been forecast to earn 22 million shekels on revenue of 13 million, according to a Reuters poll of analysts.
|
|
Revenue dipped 10 percent to 642 million shekels, with its subscriber base falling by 38,13 over the prior year to 2.66 million.
|
|
In the first two months of 2017, Israel collected 51.8 billion shekels in tax revenue, 6 percent more than a year earlier.
|
|
Coffee revenue dropped 7.8 percent to 780 million shekels in the first quarter, though growth was 8.4 percent excluding foreign currency effects.
|
|
Profit from exploration and production was 119 million shekels in the quarter, compared with 58 million in the same period in 2015.
|
|
It said it set aside 23.6128 million shekels, or $116.5 million, in the quarter to cover a likely fine by U.S. authorities.
|
|
Leumi said on Thursday it earned 688 million shekels ($191 million) in the fourth quarter, down from 854 million a year earlier.
|
|
It earned 5.4 million shekels in the first quarter, down from 8.1 million a year earlier, citing lower revenue and higher expenses.
|
|
The bank reported a net loss of 629 million shekels ($167 million) compared with a profit of 97 million a year earlier.
|
|
Shufersal said on Thursday it earned 117 million shekels ($32 million) in the fourth quarter, up from 49 million a year earlier.
|
|
Abir told Reuters the central bank bought 400 million shekels ($107 million) of government bonds on Sunday and "considerably more" on Monday.
|
|
The wave of senior management resignations followed Israel's 2016 law that capped bank executive compensation at 2.5 million shekels ($712,697) a year.
|
|
Leumi said on Wednesday it earned 742 million shekels ($216 million) in the fourth quarter, up from 688 million a year earlier.
|
|
The stake is currently valued at about 822 million shekels ($237 million) and the bank gave a distribution date of March 9.
|
|
It also projects 2018 earnings before interest, taxes, depreciation and amortisation (EBITDA) of 3.9 billion shekels, slightly above 2017's 3.825 billion.
|
|
Isracard is Israel's largest credit card issuer, with an annual turnover of 155 billion shekels, representing 45 percent of credit card transactions.
|
|
Leumi said on Tuesday it earned 765 million shekels ($221 million) in the third quarter, down from 936 million a year earlier.
|
|
Discount said it would pay a dividend of 64 million shekels as part of its policy of paying 13% of net profit.
|
|
Shufersal said on Wednesday it earned 13 million shekels ($16 million) in the third quarter, down from 64 million a year earlier.
|
|
He added that the investment firm's 800 workers who hold options worth 50-100 million shekels would also profit from the deal.
|
|
Mizrahi said on Monday it earned 261 million shekels ($13 million) in the third quarter, down from 373 million a year earlier.
|
|
Leumi said on Wednesday it earned 22018 million shekels ($21 million) in the fourth quarter, up from 23.4345 million a year earlier.
|
|
Israel recorded a 0003% rise in tourism last year to 2000 million visits, bringing in 21 billion shekels ($23.4755 billion) in revenue.
|
|
Bezeq was forecast in a Reuters poll of analysts to post net profit of 198 million shekels on revenue of 2.23 billion.
|
|
Mizrahi said on Tuesday it earned 365 million shekels ($104.8 million) in the fourth quarter, up from 265 million a year earlier.
|
|
Leumi shares were up 13 percent at 14.26 shekels in midday trade, in line with the blue chip Tel Aviv 25 index.
|
|
Excluding the provisions, net profit would have been 23.5016 million shekels compared with 819 million forecast in a Reuters poll of analysts.
|
|
Coffee revenue grew 5.1 percent to 877 million shekels in the second quarter, though growth was 16.9 percent excluding foreign currency effects.
|
|
The company was forecast to earn 41 million shekels on revenue of 968 million, according to Thomson Reuters I/B/E/S.
|
|
Leumi's net profit came in at 765 million shekels ($221 million) in the third quarter, down from 2351 million a year earlier.
|
|
The deal will facilitate a cash injection of 640 million shekels ($177.7 million) into B Communications to help improve the company's financial position.
|
|
Due to the acquisition of North Sea oil producer Ithaca Energy Inc, Delek had a profit of 137 million shekels in the quarter.
|
|
It declared a dividend of 578 million shekels for the second half of 2016, or a distribution of 100 percent of net profit.
|
|
If passed, first-time offenders would face a fine of 1000 shekels (about $265), with the offense not appearing on their criminal record.
|
|
The bank declared a quarterly dividend of 325 million shekels, or 0.24 shekel per share, for a payout 40 percent of net profit.
|
|
Partner reported a 14 percent fall in revenue to 897 million shekels, below the 941 million expected by analysts in a Reuters poll.
|
|
Analysts expect the spending reductions and tax hikes to reach 25-22019 billion shekels ($22.8-$22.3 billion) to narrow this year's budget gap.
|
|
Each game had a total possible winnings of twelve shekels, and, depending on what they rolled, the player would take a certain amount.
|
|
Mr Gantz has accused Mr Netanyahu of receiving 16m shekels ($4.4m) in a deal tied to the Israeli navy's purchase of German submarines.
|
|
Bezeq lost 1.76 billion shekels ($485 million) in the final three months of 2018, compared with a 205 million profit a year earlier.
|
|
Mobile phone unit Pelephone gained 21,000 subscribers to 2.546 million, but net profit fell 49 percent to 9 million shekels amid strong competition.
|
|
The TASE earned 5.4 million shekels in the first quarter, down from 8.1 million a year earlier, citing lower revenue and higher expenses.
|
|
Israel is offering incentives of up to 500 million shekels ($141 million), including delaying the need to pay for the license until 2022.
|
|
Israel's government loses "billions of shekels in revenue every year" because of under-the-table cash transactions, the Tax Authority said on Tuesday.
|
|
Revenue increased 4.8 percent to 3.15 billion shekels, though same store sales slipped 2.4 percent due to the timing of the Passover holiday.
|
|
Trading volumes in 228 averaged 2500 billion shekels ($21 million) a day, down from 1.45 billion in 2015 and 2 billion in 2010.
|
|
The budget includes 479.6 billion shekels ($140 billion) in spending and sets the budget deficit target at 2.9 percent of gross domestic product.
|
|
Shares in Delek were up 2.3 percent at 636 shekels in afternoon trade in Tel Aviv while Phoenix shares were up 7.6 percent.
|
|
Its adjusted net profit, excluding one-time items such as gains from revaluation in real estate, rose 5 percent to 253 million shekels.
|
|
The following month Israel Discount Bank made an offer to buy Dexia Israel for 670 million shekels, and the two banks entered negotiations.
|
|
Barclays analyst Tavy Rosner believes the sell-off is overdone and sees Bezeq's shares reaching 20153 shekels without the end to structural separation.
|
|
The company forecast net profit of 1.4 billion shekels in 2016 and earnings before interest, tax, depreciation and amortisation (EBITDA) of 4.2 billion.
|
|
The group reported adjusted net profit of 13 million shekels ($16 million) for the fourth quarter, down from 74 million a year earlier.
|
|
Israel's fourth-largest bank by assets said it had a net profit of 313 million shekels, up from 188 million a year earlier.
|
|
Eric Trump faced backlash throughout the day Wednesday over the "shekels" comment, which some say evokes stereotypes associating Jews with corruption and greed.
|
|
No date has been set but in a draft prospectus, the TASE plans to sell 31.7 million shares at 7 shekels per share.
|
|
In 2015 the Likud government passed a five-year plan to spend an extra 15bn shekels ($4.25bn) in ways that might help Arabs.
|
|
The firm in November sold Granite Hacarmel Investments, which owns cooking gas distributor Supergas, to holding company Elco Ltd for 1.02 billion shekels.
|
|
Leumi declared a quarterly dividend of 297 million shekels, representing 40% of net income and down from 306 million in the third quarter.
|
|
Case 1000 deals with alleged gifts Netanyahu received from overseas billionaires totaling 1 million shekels (approximately $280,000), including cigars, champagne, jewelry and more.
|
|
Cellcom agreed to buy Golan for 1.17 billion shekels ($305 million) last November but the deal has faced political opposition and regulatory hurdles.
|
|
From 2013 to 2016 Hapoalim paid a total of 1.768 billion shekels ($460 million) in dividends, leading Israel's banking sector in dividend payments.
|
|
Leumi declared a quarterly dividend of 306 million shekels, representing 40% of net income and down from 369 million in the second quarter.
|
|
The sale of 115.5 million shares at 8.5 shekels each reduces its stake in Bezeq to 26.34 percent, B Communications said on Tuesday.
|
|
Prosecutors say Netanyahu advanced regulatory benefits worth up to 1 billion shekels (approximately $280 million) for Elovitch in exchange for favorable media coverage.
|
|
Some buy apartments as investment rentals, while others seek vacation homes in Tel Aviv and areas north of the city like Herzliya Pituach, where villas, which make up 503 percent of the market, start at 250 million shekels (about $9724 million) and go up to more than 24075 million shekels (or around $20 million) on quarter-acre lots overlooking the Mediterranean.
|
|
Its Pelephone unit, Israel's third-largest mobile operator which faces stiff competition, saw a 161.5 percent jump in quarterly profit to 34 million shekels.
|
|
Gazit-Globe said its share in BR Malls was now less than 5 percent and was valued at roughly 90 million shekels ($23 million).
|
|
There, the minimum wage is about 1,700 shekels a month, or about $485 US, according to Yoav Tamir of the labor organization WAC-MAAN.
|
|
Case 1000 deals with alleged gifts Netanyahu received from overseas billionaires totaling 1 million Israeli shekels (approximately $280,000), including cigars, champagne, jewelry and more.
|
|
JERUSALEM, Dec 3 (Reuters) - * Bezeq Israel Telecom said on Monday it raised 578.3 million shekels ($155 million) in a bond offering to institutional investors.
|
|
Bezeq reiterated its 2016 outlook of 1.4 billion shekels in net profit and earnings before interest, taxes, depreciation and amortisation (EBITDA) of 4.2 billion.
|
|
It declared a quarterly dividend of 437 million shekels, representing 40 percent of net income and up from 275 million in the fourth quarter.
|
|
Bezeq's shares have slid 23 percent in the past year, but were up 13 percent on Thursday, trading in Tel Aviv at 43.25 shekels.
|
|
Up to four managers will be selected for the funds, which will each have a minimum of 400 million shekels ($113 million), they said.
|
|
Meir Shpigler, the NII's CEO, said the NII has provided the government with more than 200 billion shekels ($56 billion) in nearly 40 years.
|
|
Mizrahi-Tefahot, Israel's biggest mortgage lender with a market value of 14.4 billion shekels, said in July it was in talks to buy Union.
|
|
Trading volumes this year have averaged 1.25 billion shekels ($328 million) a day, down from 1.45 billion in 2015 and 2 billion in 2010.
|
|
Hapoalim declared a quarterly dividend of 117 million shekels, equal to 13 percent of 2015 profit, for a total annual payout of 616 million.
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In 2014, the government set aside a special budget of 200 million shekels ($55 million) for the area, a fraction of the current project.
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Bezeq said it would pay a first-half dividend of 708 million shekels, or 0.26 shekel per share, representing 100 percent of net profit.
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Frutarom will invest 10 million shekels ($2.56 million) for 50 percent of Algalo shares and to build a modern biotechnology facility for algae harvesting.
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The ministry said negotiations had taken "a number of months" and that Elbit might pay an additional 100 million shekels depending on IMI's results.
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Trading volumes this year have averaged 1.25 billion shekels ($331 million) a day, down from 1.45 billion in 2015 and 2 billion in 2010.
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Leumi declared a quarterly dividend of 369 million shekels, representing 40 percent of net income and down from 437 million in the first quarter.
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In March, Belgian banking group Dexia SA sold a controlling 58.89 percent stake in its Israeli unit for 350 million shekels to institutional investors.
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Shares in Bezeq have fallen 17 percent since the case was made public but were up 2 percent on Monday, trading at 5.36 shekels.
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The bank said it expected to take a charge of 110 million shekels ($31 million) in the third quarter for ending its Swiss activities.
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While it may feel safe and easy to walk in and turn your dollars into shekels, you probably won't get a very good deal.
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Hapoalim provisioned 897 million shekels in the quarter as a result of significant progress in reaching a settlement in a U.S. tax evasion investigation.
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Azrieli's board said it would pay a 300 million shekel dividend and possibly distribute another dividend of up to 300 million shekels this year.
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Cellcom said on Monday it lost 54 million shekels ($15 million) in the fourth quarter, versus a 13 million shekel loss a year earlier.
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In July, Azrieli agreed to sell Granite Hacarmel Investments, which owns cooking gas distributor Supergas, to holding company Elco Ltd for 1.02 billion shekels.
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Economic growth remains above 2000% even though tax income this year looks set to be about 23 billion shekels ($24 billion) lower than projected.
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Israeli media say raising value added tax (VAT) to 18% from 17% is likely because it would bring in 5 billion shekels a year.
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Leumi declared a quarterly dividend of 306 million shekels, representing 40 percent of net income and down from 369 million in the second quarter.
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FIBI said it would pay a dividend of 110 million shekels, in line with its policy of distributing up to 50% of net earnings.
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As previously announced, Hapoalim set aside a provision of 13 million shekels regarding a U.S. investigation into tax evasion by the bank's U.S. clients.
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The bank's board raised the dividend payment to 30 percent of net profit from 20 percent, or 210 million shekels for the third quarter.
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The 2018 quarter was affected by provisions set aside regarding a U.S. tax probe, without which net profit would have been 378 million shekels.
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Wait here for me, and I'll be back in five minutes with a thousand shekels so the bills in your pocket don't get lonely.
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It said it earned 5.4 million shekels in the first quarter, down from 8.1 million a year earlier, citing lower revenue and higher expenses.
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Israel's largest telecom group said on Tuesday it earned 234 million shekels ($13 million) in the third quarter, compared with 322 million a year earlier.
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U.S.-traded shares rose 6.1 percent to $14.44 in mid-day trading and were up 3.6 percent to 5,042 Israeli shekels in Tel Aviv trading.
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The Bank of Israel said on Monday it lost 5.3 billion shekels ($1.5 billion) last year compared with an 13 billion shekel loss in 2015.
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It said it had received 45 million shekels ($12.5 million) of the U.S. money to treat patients from the West Bank, Gaza and East Jerusalem.
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If the deal with HOT is not changed, Cellcom said it would terminate the SPA and demand 600 million shekels as defined in that agreement.
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Share trading has improved this year, averaging 1.4 billion shekels a day over the first 10 months of 2017, up from 1.3 billion in 2016.
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Leumi's shares are up 6.1 percent so far in 2018 but they were down 1.3 percent to 22.31 shekels in afternoon trade in Tel Aviv.
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Last week Hapoalim sold 65.2 percent of Isracard, the country's largest credit card company, for 1.8 billion shekels ($506 million) in an initial public offering.
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Bezeq forecast net profit in 2019 of 900 million to 1 billion shekels, with earnings before interest, taxes, depreciation and amortisation (EBITDA) of 3.9 billion.
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Unemployment is at a historic low of 4.5 percent, yet 70 percent of workers earn less than an average salary of 10,000 shekels a month.
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The new entity will keep the name Delek Drilling and will have a market value in Tel Aviv of about 16 billion shekels ($4.4 billion).
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Tourists will be limited to paying no more than 55,000 shekels to buy services or assets, although they can do so up to five times.
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Revenue dipped 21 percent to 23.6107 billion shekels, with telephony revenue down 7.2 percent, partly offset by high-speed Internet revenue growth of 2.3 percent.
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The ban would not apply to companies with equity of more than 100 million shekels ($29 million) and with three years of audited financial statements.
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Control of Eurocom, which has about 1 billion shekels ($287 million) in debt, will only be handed over when regulatory approval is obtained, it said.
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Potash prices were then around $23 per tonne, ICL's share price was 46 shekels and it reported adjusted earnings per share of $1.19 in 2011.
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Barclays analyst Tavy Rosner said the resignation was not surprising since bank salaries are now capped at 13 million shekels ($692,425) under a 2016 law.
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According to Calcalist, Israel's FIMI fund is in talks to invest 150 million shekels ($43 million) in exchange for a 55 percent stake in ImageSat.
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It will no longer require that members have at least 200 clients and securities portfolios valued at a minimum of 262 million shekels ($74 million).
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TA) have agreed to sell their credit card business Leumi Card to the U.S. private equity firm Warburg Pincus for 2.5 billion shekels ($685 million).
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The ISA said it had evidence that financial reports related to that deal were manipulated, illegally triggering 170 million shekels in milestone payments to Elovitch.
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Bermuda-based Sirius said in November it would exercise an option to buy Delek's 47 percent stake in Phoenix for 2.3 billion shekels ($628 million).
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Super-Pharm is interested in the pharmaceutical preparation activities that have an estimated 100 million shekels in annual sales, the Globes financial news site said.
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DE) local subsidiary has been arrested and released on bail over allegations that it mis-reported transactions worth more than 550 million shekels ($147 million).
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The sale, announced in April, puts a value of 551 million shekels ($151 million) on Israel's stock exchange, which has struggled with declining trading volumes.
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The suit, filed on Tuesday, demands 45,000 Israeli shekels, or about $13,200, on behalf of three Israeli teenagers who had bought tickets for the concert.
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Revenue rose 4.2% to 3.4 billion shekels, led by food retail sales and operations at its newly acquired drugstore chain, in which sales grew 38%.
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The bank's board also approved a new share buyback programme for 2020 of up to 700 million shekels after buying a similar amount in 2019.
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She, too, will be given credit for time served, leaving her five months in prison, along with a fine of 6,000 Israeli shekels (approx. $1,730).
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Prosecutors say Benjamin Netanyahu advanced regulatory benefits worth up to 1 billion shekels (approximately $280 million) to Shaul Elovitch, Netanyahu's friend and Bezeq's controlling shareholder.
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Cellcom agreed to buy French-owned Golan for 1.17 billion shekels ($305 million) last November but the deal has faced political opposition and regulatory hurdles.
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Leumi said its capital rose by 780 million shekels ($200 million) after it gave workers shares in lieu of some commitments to future pension payments.
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Bezeq, Israel's largest telecoms group, said on Thursday it earned 1003 million shekels ($2100 million) in the second quarter, down from 21 million a year earlier.
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Revenue dipped 23.6107 percent to 2.46 billion shekels, with telephony revenue down 7.2 percent and partly offset by high-speed Internet revenue growth of 2.3 percent.
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JERUSALEM, March 11 (Reuters) - The Israeli government said on Sunday it was selling weapons manufacturer IMI Systems to Elbit Systems for 1.8 billion shekels ($523 million).
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The bank said it was raising its quarterly dividend payout to 40 percent of net profit and will distribute 328 million shekels for the third quarter.
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Mizrahi, Israel's third-largest bank, had agreed to buy Union, the country's sixth-largest, in an all share deal valued at 1.4 billion shekels ($391 million).
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Shares in ICL were up 2.3 percent at 15.24 shekels at 1105 GMT, outpacing a gain of 0.3 percent in the Tel Aviv blue chip index.
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Burai used to spend around 18,303 shekels ($4,600) a year on fuel to run a generator that helped make sure he could weather the daily blackouts.
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For the first four months of the year, the deficit was 22020 billion shekels ($22.5 billion), with its target at 20203 billion for all of 22020.
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For the first four months of the year, the deficit was 2.53 billion shekels ($22.5 billion), with its target at 22019 billion for all of 22020.
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About 26 listed companies have a link to medical cannabis, up from 19 in December, with a combined market value of 3.4 billion shekels ($952 million).
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Investigators say Netanyahu advanced regulatory benefits worth 1 billion shekels (around $280 million) to the company and its primary shareholder, Shaul Elovitch, a friend of Netanyahu.
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So in early February Nir Barkat, the mayor of Jerusalem, put liens on the churches' bank accounts (now lifted) for unpaid taxes totalling 650m shekels ($187m).
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Hapoalim, whose non-performing loans fell to 1.5 percent, was forecast to make 843 million shekels in the April-June period, according to a Reuters poll.
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Under the agreement, she will pay the state 45,000 shekels ($12,400) in reimbursement and a 10,000-shekel fine while admitting a lesser charge, the report said.
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Sebag said his company had equity of $41 million, which is about 140 million shekels, but was still preparing for a possible delisting in Tel Aviv.
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In April, U.S.-based investment fund Manikay Partners agreed to buy 19.9 percent of TASE in a deal valuing it at 551 million shekels ($154 million).
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Gazit-Globe said on Thursday it lost 278 million shekels ($72.5 million) in the January-March period, compared with a 376 million gain a year earlier.
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Bezeq, Israel's largest telecoms group, said in a regulatory filing in Tel Aviv it will record an expense of 137 million shekels in fourth quarter results.
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Investigators say Netanyahu advanced regulatory benefits worth up to 1 billion shekels (approximately $280 million) to Shaul Elovitch, the controlling shareholder of Bezeq, and Netanyahu's friend.
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The bank, which still holds 33% of Isracard, said it will record a net profit from the sale of 210 million shekels in the second quarter.
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Delek, one of Israel's largest business groups, said on Thursday it would arrange for the buyers to purchase another 2.5% of Phoenix for 120 million shekels.
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Midroog, the Israeli affiliate of Moody's Investors Service, rated the offering of up to 2.5 billion shekels 'Aaa', while Standard & Poor's Maalot rated the offering 'AAA'.
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Excluding the effect of Leumi Card, its credit card unit it sold earlier this year, profit in the second quarter of 2018 was 843 million shekels.
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JERUSALEM, July 9 (Reuters) - Enlight Renewable Energy said on Monday it secured 525 million shekels ($145 million) in financing to build Israel's largest wind energy project.
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Hapoalim shares were down 1.4 percent to 21.6 shekels ($5.67) in late afternoon trade, compared with a 0.6 percent drop in the Tel Aviv banking index.
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Units in renovated buildings on quiet streets sell for as much as 4,356 to 0003,719 shekels (or about $1,200 to $1,300) a square foot, he said.
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The credit loss expense surged to 876 million shekels from 118 million as the bank set aside money for losses from the global outbreak of coronavirus.
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Israel's largest telecoms group said it earned 21 million shekels ($23.5038 million) in the final three months of 2017, compared with 185 million a year earlier.
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Investigators say Netanyahu advanced regulatory benefits worth 1 billion shekels (approximately $280 million) to the company and its primary shareholder, Shaul Elovitch, a friend of Netanyahu.
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It noted that along with the $5 billion investment, the government expects Intel to hire 250 new employees and make 2.1 billion shekels in local purchases.
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JERUSALEM, Nov 20 (Reuters) - * Israeli real estate developer Azrieli Group reported on Wednesday a 9% rise in quarterly net profit to 289 million shekels ($83 million).
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I put the thousand shekels on the counter, unplug the register, and start rolling up the cord, and, when Lidor sees that, he claps his hands.
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Non-interest income fell by 351 million shekels after posting gains a year earlier from the sale of shares, including in the Tel Aviv Stock Exchange.
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JERUSALEM, Sept 4 (Reuters) - Bezeq Israel Telecom on Wednesday offered to buy a series of its bonds from bondholders for nearly 13 million shekels ($171 million).
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Gazit-Globe said the fair value gain from investment property and property under development was 231 million shekels versus 699 million in the fourth quarter of 2014.
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According to an amended indictment sheet, the case involved the ordering of catered meals delivered to the residence worth a total of 175,000 shekels (just under $50,13).
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JERUSALEM, Aug 30 (Reuters) - Israel's Delek Group said on Thursday it had sold a 4.9 percent stake in insurer Phoenix Holdings for 253 million shekels ($70 million).
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A deal to sell Phoenix holdings to Bermuda-based Sirius International Insurance for 2.3 billion shekels fell through last month after it failed to win regulatory approval.
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Finance Minister Moshe Kahlon said the upgrade will save the economy billions of shekels in financing costs, which the government will allocate to health, education and welfare.
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JERUSALEM, April 14 (Reuters) - * Isracard, Israel's largest credit card company, said on Sunday it raised 1 billion shekels ($280.5 million) in a bond offering to institutional investors.
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TEL AVIV, Feb 1 (Reuters) - Bezeq Israel Telecom, Israel's largest telecoms group, reaffirmed on Monday its estimate for 13 net profit of 1.7 billion shekels ($430 million).
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Its shares were down 1.4 percent to 24.06 shekels in morning trade, compared with a 1 percent drop in the Telbank index of Israel's five largest banks.
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The bank declared a quarterly dividend of 307 million shekels, after it said last month it would increase its cash payout to 40 percent of net profit.
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Hapoalim was also hit by a one-time tax cost of 1523 million shekels, while Leumi had one-off gains and losses from the sale of assets.
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|
Due to the change, Bezeq expects to write off a total of 1.5 billion shekels, the company said in a statement to the Tel Aviv Stock Exchange.
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|
The company said the fair value gain from investment property and property under development was 249 million shekels versus 107 million in the first quarter of 2015.
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Jerusalem Magistrates Court awarded the three 17-year-old girls 45,000 shekels ($12,426.48), plus costs and lawyers' fees, according to a brief court summary of Wednesday's ruling.
|
|
The company posted a net loss of 20223 million shekels ($22022 million) for the April-June period, compared with a 21 million shekel loss a year earlier.
|
|
Revenue rose to 2.3 billion shekels from 1.8 billion, lifted by higher sales at Tamar and improved prices and volumes at its North Sea unit Ithaca Energy.
|
|
In 2015 Bezeq acquired the remaining stake in YES for about 1 billion shekels ($284 million) from parent company Eurocom, a holding group also owned by Elovitch.
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Delek said in July that it had signed a non-binding deal to sell the stake to the Chinese holding group for at least 1.85 billion shekels.
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|
"In this way, hundreds of meals from restaurants and chefs were fraudulently received in the order of 359,000 shekels," the attorney general's office said in a statement.
|
|
Excluding one-time provisions, net profit was 20183 million shekels, compared with 22018 million forecast in a Reuters poll of analysts, and 23 million a year earlier.
|
|
You can also find original workwear pieces starting around 600 shekels for shirts — along with a small "guest house" operated by the owners a short stroll away.
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At the new 28-story David Promenade Residences, scheduled to open next spring, prices run from 12,705 to 14,0113 shekels (or $3,500 to $4,000) a square foot.
|
|
Prosecutors say Netanyahu advanced regulatory benefits worth up to 1 billion shekels (approximately $280 million) to Shaul Elovitch, Netanyahu's friend who is the controlling shareholder of Bezeq.
|
|
Since the beginning of the year, the monthly mortgage payment has risen by 320 shekels ($83) a month on a 25-year 900,000 shekel mortgage, AMG noted.
|
|
Noble's sale of 40 million Tamar shares, at 15.50 shekels ($4.26) each, took place on the Tel Aviv Stock Exchange, The Marker said in the unsourced report.
|
|
"When it is about hundreds of thousands of shekels given to a public servant, I find it hard to believe that it is just a present from one friend to another ... I know how it is with me and my friends: none of us have received, and none of us have demanded, hundreds of thousands of shekels as gifts," said Ben-Ari, in what was taken as a reference to Netanyahu.
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|
The court handed Deri a nine-month jail term, an additional six-month suspended sentence, and ordered Deri to pay 50,000 shekels ($14,000) in damages to Nuwara's family.
|
|
Partner said on Monday it lost 13 million shekels ($16.8 million) in the last three months of 2015, compared with a 24 million shekel profit a year earlier.
|
|
Gazit-Globe said on Thursday it earned 1.14 shekels ($0.3017) per share in the October-December period, compared with a 1.25 shekel loss per share a year earlier.
|
|
Bezeq said it would pay a dividend of 708 million shekels, or 0.26 shekel per share, for the first half of 2017, representing 100 percent of net profit.
|
|
The National Insurance Institute (NII) has been transferring the surplus that can reach up to 25 billion shekels ($7 billion)a year to the Finance Ministry since 1980.
|
|
In the second quarter of 2016, Hapoalim had posted a gain of 109 million shekels from the sale of Visa Europe shares amid its acquisition by Visa Inc.
|
|
Google and Facebook take an estimated 13 percent of advertising revenues in Israel of between 1.5 billion shekel and 1.7 billion shekels ($436 mln-$494 mln) a year.
|
|
This came as a result of a massive investment drive which saw Israel put 15 billion shekels ($4.3 billion) in its national water grid and sewage treatment centers.
|
|
Leader Capital Markets Chief Economist Jonathan Katz believes the government will need to make budget adjustments of 21 billion to 23.6211 billion shekels, mainly by raising tax income.
|
|
Leader Capital Markets Chief Economist Jonathan Katz believes the government will need to make budget adjustments of 12 billion to 15 billion shekels, mainly by raising tax income.
|
|
Tel Aviv share volumes averaged 1.1 billion shekels a day between January and April, down 19 percent from a 2018 average and half levels of a decade ago.
|
|
Trading volumes this year have averaged 1.28 billion shekels ($332 million) a day, down from 1.45 billion in 2015 and well below 2 billion a day in 2010.
|
|
Trading volumes this year have averaged 1.28 billion shekels ($333 million) a day, down from 1.45 billion in 2015 and well below 2 billion a day in 2010.
|
|
Bezeq also said it was considering issuing new debt and raising up to 2 billion shekels in a rights offering to maintain the financial strength of the company.
|
|
TEL AVIV, Jan 31 (Reuters) - Israeli real estate developer Azrieli Group said on Wednesday it raised 1.4 billion shekels ($411 million) in a bond offering to institutional investors.
|
|
Israel's largest telecoms group said it lost 1.76 billion shekels ($485 million) in the final three months of 2018, compared with a 205 million profit a year earlier.
|
|
Hapoalim, which issued a profit warning last week, said on Thursday it earned 138 million shekels ($38 million) in the quarter, down from 13 million a year earlier.
|
|
Medtronic agreed to pay $58.50 per American Depository Share or $29.25 (104.80 shekels) per ordinary share in cash and the boards of both companies unanimously approved the deal.
|
|
Revenue slipped 1.4% to 2.07 billion shekels but excluding foreign currency effects increased 1.7%, which Strauss said reflected weakness in the currencies of its coffee company's global markets.
|
|
For 50 Israeli shekels ($13), Gazans can pick up a SIM giving them 5,000 minutes of talk-time and potentially unlimited Internet access via a virtual private network.
|
|
Delek had previously agreed to sell its Phoenix stake to China's Fosun International for 1.8 billion shekels but it collapsed when conditions of the deal were not met.
|
|
Smaller rival Golan filed a lawsuit in an Israeli court last month, declaring it does not owe the company 600 million shekels for past national roaming payment differences.
|
|
Credit loss expenses surged to 876 million shekels, including the provision for the coronavirus outbreak, which has hammered the global economy, particularly the energy, airline and tourism industries.
|
|
It recorded an expense of 45 million shekels for the retirement plan of 450 workers and said it expected to gradually see cost savings from the second quarter.
|
|
TA) said on Monday it agreed to sell its remaining stake in water desalination company IDE Holdings for 164 million shekels ($44 million) in cash to Alpha Water.
|
|
For the quarter, the bank will distribute a dividend of 78.3 million shekels — 30 percent of net profit — following a dividend of 120 million in the second quarter.
|
|
For the quarter, the bank will distribute a dividend of 110 million shekels — 30 percent of net profit — following a dividend of 78.3 million in the third quarter.
|
|
Citi analyst Michael Klahr said he expected voluntary retirement programmes to cost up to 500 million shekels, but that hurdles remained, including reaching a deal with Union's workers.
|
|
As a result, the bank said it would enjoy relief from capital adequacy requirements from Israel's banking regulator in the amount of 550 million shekels over five years.
|
|
Only its lowest-earning employees, or the 40 percent of its workforce who earn 2,000 Israeli shekels or less a month, would be paid full salary, it said.
|
|
TASE's equity trading volume improved in 2015 to 1.45 billion shekels a day from 1.21 billion in 2014, but this was still below 2010's 2 billion shekel average.
|
|
JERUSALEM, Jan 31 (Reuters) - * Leumi, Israel's largest bank by assets and market value, said on Thursday it raised 2.35 billion shekels ($645 million) in a two-part debt offering.
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|
Of the total, 7.582 billion shekels is earmarked for unspecified security costs, which government sources said meant the Mossad intelligence agency and Shin Bet which looks after internal security.
|
|
Discount said in a statement to the Tel Aviv Stock Exchange it was prepared to pay 375 million shekels for smaller units controlled by Eurocom, including Enlight Renewable Energy .
|
|
Under the agreement, a fraud charge was reduced to a lesser offense and she will pay the state 45,000 shekels ($403,490) in reimbursement and a 10,000 shekel ($2,775) fine.
|
|
Mr Netanyahu's political rivals continued to receive the backing of Yedioth Ahronoth while Mr Adelson continued to pour hundreds of millions of shekels into the Netanyahu-supporting Israel Hayom.
|
|
In Be'er Tuvia, a southern Israeli agricultural village, cattle farmer Guy Golan said he sells around 400 calves annually to the Palestinian market, earning him 2.5 million shekels ($725,000).
|
|
His home region of eastern Galilee, a lush swath of land between the coast and the Golan Heights, could lose up to 500 million shekels this season, he said.
|
|
Pride events there are produced by the government, which announced early in the year that they would spend 11 million shekels (about $3 million US dollars) promoting gay tourism.
|
|
Israel charges the PA 40 million shekels ($11 million) a month for electricity, deducting that from the transfers of Palestinian tax revenues it collects on behalf of the Authority.
|
|
Hapoalim, which issued a profit warning last week, said on Thursday it earned 2628 million shekels ($21 million) in the fourth quarter, down from 2000 million a year earlier.
|
|
Founded in 2013 by businessman Avi Katz and modeled on dollar stores in the United States, Cofix sells coffee and snacks such as sandwiches for 5 shekels ($1.40) each.
|
|
Bezeq also said it was considering raising up to 2 billion shekels in a rights offering, a move that would be subject to debate at an upcoming shareholders' meeting.
|
|
He is also getting 1.4 billion shekels ($360m) to boost pensions for low-income retirees, mainly immigrants from the former Soviet Union, the Moldovan-born Mr Lieberman's core constituency.
|
|
JERUSALEM (Reuters) - Israel's Together has agreed to sell 5 tonnes of cannabis oil to an unnamed Canadian company that will potentially bring revenue of hundreds of millions of shekels.
|
|
Cellcom launched an internet-based TV service of channels and on-demand shows and movies for 99 shekels a month two years ago and it now about 125,000 subscribers.
|
|
Mr. Eliyahu, who was awarded compensation of about 120,000 shekels (more than $30,000) from the state and the contracting company that employed him, was not the first to complain.
|
|
JERUSALEM, Dec 2 (Reuters) - Bank Hapoalim, Israel's largest lender, said on Wednesday it raised 2.1 billion shekels ($565 million) in a bond offering to institutional investors and the public.
|
|
Israel's fourth-largest bank by assets said it made a net profit excluding one-time items of 276 million shekels ($77 million), up from 241 million a year earlier.
|
|
Payments spiked to 75 million shekels ($21.15 million) in May 2019, which a ministry spokesman attributed to arrears payments and a bonus for the Muslim holy month of Ramadan.
|
|
Hapoalim, which reported a quarterly net loss of 629 million shekels compared with a profit of 97 million a year earlier, said the virus outbreak clouded the 2020 outlook.
|
|
Hapoalim also made a provision of 897 million shekels due to "significant progress" in negotiations with U.S. regulators, including the Department of Justice (DOJ), to settle a tax investigation.
|
|
Mobile unit Pelephone saw net profit slide 71% to 2 million shekels amid fierce competition, with its subscriber base falling to 2.26 million from 2.6 million a year earlier.
|
|
In preparation for the offering, Isracard's board declared a dividend of 13 million shekels ($239 million), of which 851 million will go to Hapoalim, according to a regulatory filing.
|
|
The Prime Minister is accused by police of having received gifts from businessmen between 2007-2016 totaling over 1 million shekels (approximately $280,000) including cigars, champagne, jewelry and more.
|
|
The Finance Ministry said that in 202021 the deficit would reach 22023% of GDP unless it makes 21 billion shekels ($23.4656 billion) of tax hikes and/or spending reductions.
|
|
The ISA and the Ministry of Finance is aiming for four high-tech funds with a minimum each of 400 million Israeli shekels in investments, currently some $113 million.
|
|
Israel's largest lender, Hapoalim, similarly benefited from the Visa sale, reporting last week that it earned 3933 billion shekels in the quarter, up from 2393 million a year earlier.
|
|
Separately, Strauss said it is buying another 15 percent in Qingdao HSW Health Water from Haier for 78.3 million shekels, bringing its holding in the venture to 49 percent.
|
|
In Case 1000, Netanyahu is suspected of having received gifts from businessmen overseas totaling 1 million shekels (approximately $280,000), including cigars, champagne, jewelry and more, from 2007 through 2016.
|
|
Last week, Shai Babad, the ministry's director general, told Reuters the adjustment in the budget to bring down the deficit would be between 15 billion and 20 billion shekels.
|
|
Palestinian President Mahmoud Abbas has refused to accept partial transfers, saying the PA is entitled to the entire sum of around 700 million ($197 million) shekels, over half its budget.
|
|
The company, which is facing regulatory uncertainty over a plan to merge its units, reiterated its 2017 net profit estimate of 13 billion shekels, compared with 1.24 billion in 2016.
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Turnover improved to 1.4 billion shekels ($352 million) a day in 2015 from 1.2 billion in 2014 but that was below an average of 2 billion a day in 2010.
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JERUSALEM, June 14 (Reuters) - * Israel's Bank Hapoalim on Thursday said it received commitments from institutional investors to buy 689 million shekels ($192 million) of deferred notes in a planned offering.
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Bezeq, which is facing regulatory uncertainty regarding its ability to merge its units, estimated 2017 net profit of 1.4 billion shekels, compared with net profit in 13 of 1.24 billion.
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Strauss, a maker of snacks, fresh foods and coffee, reported adjusted net profit of 58 million shekels ($13 million) in the fourth quarter, down from 74 million a year earlier.
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JERUSALEM, April 19 (Reuters) - Bezeq Israel Telecom said on Tuesday it accepted pre-commitments totalling 714 million shekels ($190 million) from institutional investors ahead of a planned public bond offering.
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JERUSALEM (Reuters) - Israel's Delek Group said on Tuesday it was in advanced talks to sell its remaining 30 percent stake in insurer Phoenix Holdings for 1.6 billion shekels ($442 million).
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Hapoalim, which is the subject of an investigation by U.S. authorities over possible tax evasion by the bank's U.S. clients, has a market value of 32.5 billion shekels ($9.3 billion).
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Ben-Zeev joins from Bank Leumi where he was head of its capital markets division and had responsibility for the bank's proprietary portfolio trading totalling 120 billion shekels ($31.5 billion).
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The company said its revised forecast does not include expenses for the early retirement of 337 workers, which in December it said would reduce net profit by 464 million shekels. .
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FIBI posted a fourth-quarter net profit of 117 million shekels ($30 million) compared with 51 million a year earlier and 105 million forecast by analysts in a Reuters poll.
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JERUSALEM, Sept 21 (Reuters) - * Mizrahi-Tefahot Bank said on Wednesday it expects to raise more than 3 billion shekels ($794 million) in a bond offering to institutions and the public.
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The company, which is facing regulatory uncertainty over a plan to merge its units, reiterated its 2017 net profit estimate of 1.4 billion shekels, compared with 13 billion in 2016.
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The investigation, dubbed Case 1000 and Case 2000, accuses the 68-year-old Israeli leader of using his position as Prime Minister to earn favors worth 1 million shekels ($282,790).
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The survey, conducted by the social affairs and public security ministries, found that annual payments to sex workers amounted to an estimated 1.2 billion shekels (about $308 million) in 2014.
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Cellcom will invest 100 million shekels ($13 million) in exchange for 70 percent of the Israel Broadband Co (IBC), which has exclusive rights to deploy fibre optic over IEC's infrastructure.
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Mr. Fallenberg was perusing Yad 2, an Israeli secondhand website, when he saw a listing for an apartment costing 400,000 shekels, or about $106,000, in the port city of Acre.
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In a quarterly earnings report in August, the bank said it had set aside 20183 million shekels ($117.75 million) during the quarter to cover a likely fine by U.S. authorities.
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Revenue slipped 0.9 percent to 975 million shekels, with the company attributing the drop to price erosion from competition in the mobile sector, although revenue from fixed-line services rose.
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He said he paid 250 shekels for safe passage through a large gap in the barrier near the village of Dahriya, southwest of Yatta, and transportation to the work site.
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Electra said its subsidiary that handles the import of smartphones, watches and other electronic devices from Huawei had sales of 87 million shekels in the first nine months of 2017.
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Kahlon said that the extra revenue was small compared with the total annual tax take of almost 300 billion shekels but that it would help the government cut other taxes.
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Arison is also in the process of unwinding her controlling shareholding in Hapoalim, Israel's largest bank, selling a 4.26 percent stake in November to institutional investors for 1.425 billion shekels.
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The bank set aside 23.7705 million shekels ($120 million) to cover losses related to the virus outbreak, making it one of the first lenders to make provisions for the crisis.
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TEL AVIV, June 6 (Reuters) - Bank Hapoalim said on Thursday it sold a 13.4% stake in Israeli bank services firm SHVA to the public for 40 million shekels ($11.1 million).
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The national lottery, Mr. Neiss said, will fund up to 1 million shekels (roughly $275,000) and Mr. Neiss projects $800,000 in ticket revenue, of which the federation takes a cut.
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Of the 13 companies that remain in government hands, the 10 set to be sold generate nearly 90 percent of their combined revenues, which totalled 69 billion shekels last year.
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Delek said it earned 170 million shekels ($47 million) in the second quarter, compared with 13 million a year earlier when a gain from the purchase of Ithaca boosted profits.
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The authority said senior employees of Yes and Bezeq committed fraudulent receipt of funds, intended to benefit the owner of Bezeq a sum of 170 million shekels (approximately $30003 million).
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The bank declared a quarterly dividend of 188 million shekels for a payout of 40 percent of net profit, bringing its distribution in the first nine months to 820 million.
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Strauss, a maker of snacks, fresh foods and coffee, reported adjusted net profit of 78 million shekels ($20.6 million) in the second quarter, up from 31 million a year earlier.
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Strauss, a maker of snacks, fresh foods and coffee, reported adjusted net profit of 116 million shekels ($32.5 million) in the first quarter, up from 13 million a year earlier.
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Revenue edged up to 825 million shekels from 822 million the previous year, with its cellular subscriber base climbing to 2.65 million in the quarter from 2.63 a year earlier.
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Excluding the effect of Leumi Card, which it sold earlier this year to U.S. private equity firm Warburg Pincus, profit in the third quarter of 21 was 211.73 million shekels.
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Net profit at Pelephone, Israel's third-largest mobile phone operator, fell 75 percent to 6 million shekels, while its subscriber base slid to 2.185 million from 2.475 million a year earlier.
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ISA Chairman Shmuel Hauser, at an annual briefing with reporters, said a monthly exemption of about 5,000 shekels ($13,283) would help attract investors away from Israel's red hot real estate market.
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TEL AVIV, June 19 (Reuters) - Bank Leumi, Israeli's second largest bank, said on Tuesday it would offer to the public a news series of bonds worth 1.45 billion shekels ($398 million).
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"This is a young plant ... and hundreds of millions of shekels of Israeli government money were invested here," Meir Babayoff, chairman of the Negev region in the Histadrut, told Israel Radio.
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Excluding one time items, such as selling stakes in its Swiss and Latin American units as well as for a retirement plan, Discount recorded a quarterly profit of 93 million shekels.
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This includes a 9 billion shekel ($2.5 billion) extension to Jerusalem's inner-city train and more than 10 billion shekels for the first lines of a light rail in Tel Aviv.
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JERUSALEM, March 21 (Reuters) - * Israeli real estate developer Azrieli Group reported on Wednesday fourth-quarter adjusted net profit of 268 million shekels ($77 million), up from 226 million a year earlier.
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JERUSALEM, March 19 (Reuters) - Bezeq Israel Telecom said on Tuesday it would reduce the valuation of its TV unit YES by 1.1 billion shekels ($305 million) in its 2018 financial report.
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Azrieli, which built Tel Aviv's Azrieli office and shopping complex, said on Wednesday it earned 672 million shekels ($174.5 million) in the first quarter, compared with 188 million a year earlier.
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Nearly three-quarters of ultra-Orthodox women work, identical to the general population, but their average monthly salary of 21970,170 shekels ($1,736) is below the 9,309 average of other Jewish women.
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It expanded the use of employee mid-term savings funds and began depositing 50 shekels ($13) each month for every Israeli child into his or hers own provident fund or bank.
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Later this year, Leumi expects to post a pre-tax profit of 118 million shekels from the sale of 65.72 percent of Avgol Industries to Bangkok-based petrochemical producer Indorama Ventures.
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JERUSALEM, Nov 20 (Reuters) - Arison Holdings said on Tuesday it was selling a 4.26 percent stake in Bank Hapoalim , Israel's largest lender, to institutional investors for 1.425 billion shekels ($385 million).
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Strauss, a maker of snacks, fresh food and coffee, said on Tuesday it earned an adjusted 112 million shekels ($30.3 million) in the quarter, up from 97 million a year earlier.
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Strauss, a maker of snacks, fresh food and coffee, said on Wednesday it earned an adjusted 2003 million shekels ($2200 million)in October-December, up from 2160 million a year earlier.
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Cellcom, the first of Israel's telecom groups to publish second quarter earnings, was forecast to lose 22.5 million shekels on revenue of 908.5 million, according to a Reuters poll of analysts.
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The expense would be in addition to 90 million shekels set aside in the first and second quarters of 2018 for early retirement, Israel's largest telecoms group said in a statement.
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Bezeq said it will pay a dividend of 776 million shekels, or 0.28 shekel a share, for the second half of 2015, representing a payout of 100 percent of net profit.
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A consortium of lenders led by Deutsche Bank and Mizrahi closed financing for the two facilities, which are valued at a total of 1.25 billion shekels ($322.33 million), the authority said.
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The use of the term "shekels" by Eric Trump is likely to draw scrutiny given its use by white nationalists to describe money they say has been tainted by Jewish influence.
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Stepping into the space is like entering another era, with antique furniture collected from Paris flea markets and rows of silk dresses (from 1,450 shekels) and faux fur-trimmed robe coats.
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TEL AVIV (Reuters) - The government will grant Israeli companies an initial amount of 50 million shekels ($13 million) for research and development of products and technologies to help fight Covid-19.
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TEL AVIV (Reuters) - The government will grant Israeli companies an initial amount of 50 million shekels ($13 million) for research and development of products and technologies to help fight Covid-19.
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Strauss, a maker of snacks, fresh food and coffee, posted adjusted net profit of 101 million shekels ($28 million) in the October-December period, up from 87 million a year earlier.
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The company, which is also facing stiff competition in many of its segments, said it expects to post 13 net income of 1.0 billion shekels, down from 1.24 billion in 2017.
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The unit is valued at 3 billion shekels but could fetch a higher amount, sources said, and the listing could be one of the largest ever on the Tel Aviv bourse.
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The chief scientist's office of the Ministry of Economy has infused millions of shekels into innovative marijuana companies, much as government investment helped fuel the Israeli tech boom in the 1990s.
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Mizrahi in November said it had agreed to buy smaller rival Union Bank of Israel for around 1.4 billion shekels in shares to better compete with the country's top two lenders.
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Bezeq said on Sunday a court has allowed it to join the group of banks that are petitioning to break up and liquidate Eurocom in the hopes of recovering 119 million shekels.
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Ben-David was ordered to pay 20,000 shekels (approximately $5,000) to the family of another Palestinian child he attempted to kidnap the night before the Abu Khdeir murder, the news release said.
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Revenue slipped 0.7 percent to 3.02 billion shekels due to the timing of the Jewish new year and Yom Kippur holidays in September, which reduced the number of days stores were open.
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For his lost business there has been no compensation, and after quarterly payments of 1,800 shekels ($510) that lasted for a year, the Hamas government has given him nothing to live on.
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It posted a profit of 109 million shekels from the sale of Visa Europe shares amid its acquisition by Visa Inc and another 108 million from the sale of a loan portfolio.
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TEL AVIV, March 27 (Reuters) - Holding company Discount Investment Corp said it has offered to buy the 54.7 percent stake in Space Communications held by Eurocom for 160 million shekels ($46 million).
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Hapoalim said on Wednesday it earned 767 million shekels ($213.5 million) in the quarter, up from 13 million a year earlier and above 754 million forecast in a Reuters poll of analysts.
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Following the lawsuit from SPLC, Andrew Auernheimer, the white supremacist and black hat hacker better known as Weev, started a crowdfunding campaign on Wesearchr asking for "shekels" to defend The Daily Stormer.
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TA), which makes unmanned aerial vehicles for military use, received an acquisition offer valuing it at 430 million shekels ($117 million) from state-owned Rafael Advanced Defense Systems and businessman Avihai Stolero.
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In exchange, prosecutors will request that Harow be handed six months of community service and a fine of 700,000 shekels (around $200,000) instead of a jail term, which such offenses usually attract.
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Its Pelephone unit, Israel's third-largest mobile operator, saw a 162 percent jump in quarterly profit to 34 million shekels, with subscribers up to 2.41 million from 2.26 million a year ago.
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It had previously said it would start paying a quarterly dividend of 0.35 shekel a share from the second quarter to reflect an annual dividend of 1.51 shekels a share in 2016.
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The estimate of a writedown of between 500 million and 600 million shekels is preliminary and subject to change, Discount said, adding that no writedown is expected in Cellcom's own financial results.
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Prosecutors allege that Sara Netanyahu committed systemic fraud by directing staff at the prime minister's residence to order meals totaling 360,000 shekels, or roughly $85033,000, from gourmet restaurants between 2010 and 2013.
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Cellcom said the network sharing and hosting agreement, which is estimated to be worth 220-250 million shekels a year, is expected to be signed with the group that finally purchases Golan.
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The source said Apax put Zap up for sale two weeks ago and asked for bids of between 450 million and 500 million shekels and that Apax was reviewing offers from buyers.
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Non-interest income fell to 1.15 billion shekels from 1.59 billion due to weak capital markets in the quarter and a depreciation of the shekel against the dollar and the British pound.
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Strauss, a maker of snacks, fresh foods and coffee, reported net profit of 107 million shekels ($27.63 million) in the first three months of 2016, up from 102 million a year earlier.
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Super-Pharm would pay 60-80 million shekels ($17-23 million) and is prepared to commit to continue employing the factory's 70 workers, said the source, who asked not to be named.
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Warburg Pincus bought Leumi Card from Bank Leumi and Azrieli Group last month for 2.5 billion shekels after regulators instructed Leumi and rival Hapoalim to divest their credit card subsidiaries by 2020.
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The bonds, with a final maturity date of March 2023 and denominated in shekels, carry an annual coupon of 2.79 percent and are not linked to any index or any other currency.
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TEL AVIV, Feb 2 (Reuters) - B Communications, the controlling shareholder in Bezeq Israel Telecom, has sold a 4.18 percent stake in the country's largest telecoms group for 982 million shekels ($248 million).
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JERUSALEM (Reuters) - Israel's government said on Wednesday it would invest 30 million shekels ($8.4 million) a year on a pilot program aimed at improving transportation and developing the country's high-tech industry.
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Elovitch, who controls the telecoms company through holding company Eurocom Group, was held for questioning and then released on 5 million shekels ($1.4 million) bail by a Tel Aviv court on Wednesday.
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Also on Monday, Israel Discount Bank posted a 46 percent rise in quarterly net profit to 393 million shekels, also beating expectations on a gain from the sale of Visa Europe shares.
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Leumi said in a statement on Saturday it would receive 2 billion shekels for its 80 percent stake, and that real estate developer Azrieli had agreed to sell its 20 percent stake.
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Shares of Together, which has a market value of 400 million shekels ($111.1 million), were up 9 percent on Thursday in Tel Aviv and have soared nearly 600 percent so far in 2018.
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Under the deal, more than 95% of Israeli exports will be exempt from customs duties while importers and consumers will save some 100 million shekels ($28 million) a year, the Economy Ministry said.
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TEL AVIV, Aug 25 (Reuters) - Bezeq Israel Telecom said on Sunday it would have to write down the value of mobile unit Pelephone by 951 million shekels ($271 million) in the second quarter.
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JERUSALEM, Sept 26 (Reuters) - * Mizrahi-Tefahot, Israel's third-largest bank, said on Tuesday it expects to raise more than 3.5 billion shekels ($993 million) in a bond offering from institutions and the public.
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Its bottom line included 52 million shekels of financing expenses due to higher interest rates stemming from the inflation rate rising to 1.5% in the quarter as the shekel appreciates against global currencies.
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The Calcalist website said Super-Pharm would pay up to 90 million shekels ($26 million) and is prepared to commit to continue employing the factory's 70 workers, the Calcalist financial news website said.
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Super-Pharm is not interested in all of Teva's activities in Ashdod but only the pharmaceutical preparation activities that have an estimated 100 million shekels in annual sales, the Globes news site said.
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A spokeswoman for the Antitrust Authority said there were no issues with the proposed deal made a month ago, in which Searchlight will inject 640 million shekels ($180.5 million) into B Communications (BCOM.
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Without the proposed steps, which are expected to narrow the deficit by 3.25 billion shekels ($905 million) in 13, the deficit would reach 4% of GDP in each of the coming two years.
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JERUSALEM, July 2 (Reuters) - Israel Electric Corp (IEC) said on Tuesday it will sell its Alon Tavor power plant to a group that includes China Harbour Engineering for 1.87 billion shekels ($523 million).
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JERUSALEM, July 15 (Reuters) - The Tel Aviv Stock Exchange (TASE) has launched an initial public offering of up to 30% of its shares that values the exchange at 700 million shekels ($198 million).
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Just across the road is Agas and Tamar, an Israeli jeweler known for designs like delicate handcrafted pendant necklaces featuring ancient coins and gold rings made with antique Afghan gemstones (from 2,900 shekels).
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TEL AVIV, June 23.6033 (Reuters) - Israel's cabinet on Monday approved budget adjustments including a spending cut of 1.2 billion shekels ($333 million) in 2019-2020 in an effort to curb a spiralling deficit.
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TEL AVIV, March 25 (Reuters) - * Israeli real estate developer Azrieli Group reported on Wednesday a rise in fourth-quarter net profit to 1.1 billion shekels ($13 million) from 459 million a year earlier.
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The Bank of Israel, which announced on Monday it would purchase 50 billion shekels in government bonds to ease credit conditions and support financial stability, will submit its own economic plan as well.
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The cost is expected to be about 4 billion shekels (more than $1 billion), according to Israeli news reports, which suggest it will plunge to a depth of about 130 feet. Maj. Gen.
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Financial expenses rose to 65 million shekels in the July-September period from 28 million a year earlier due to implementing the IFRS16 accounting standard and a decline in the dollar and euro.
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Strauss, a maker of snacks, dairy products, chocolate and coffee, said it made 260 million shekels ($3.59653 million) excluding one-off items in the second quarter, up from 23.5965 million a year earlier.
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Many bank employees have been protesting since Mizrahi-Tefahot - Israel's biggest mortgage lender with a market value of 14.4 billion shekels - announced it was in talks with Union in July, fearing job losses.
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The Authority also said senior employees of Yes and Bezeq committed fraudulent receipt of funds, intended to benefit Elovitch, the controlling shareholder of Bezeq, a sum of 170 million shekels (approximately $48 million).
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U.S.-Israeli businessman Naty Saidoff last week bought a 47.5 percent controlling stake in Shikun & Binui for 1.1 billion shekels ($296 million) from Arison Investments, the investment arm of U.S.-Israeli billionaire Shari Arison.
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BCP, which is listed on the Tel Aviv Stock Exchange, said in a statement that Sagi agreed to buy a controlling 44 percent stake, or about 2.9 million shares, for 345 shekels a share.
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Profit fell to 234 million shekels ($63 million) from 322 million a year earlier, Israel's largest telecom group said on Tuesday, coming in below the 255 million expected by analysts in a Reuters poll.
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Eurocom's chairman, Shaul Elovitch, who is being investigated by Israeli authorities for possible fraud and financial reporting offences, is under pressure to sell Eurocom, which is laden with nearly 1 billion shekels in debt.
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Within the following six months it would inject an additional 700 million shekels into Eurocom, which controls Bezeq with a 26 percent stake, in exchange for bonds that could be converted into Eurocom shares.
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Hapoalim said on Thursday it earned 8203 million shekels ($2820 million) in the third quarter, up from 21 million a year earlier and compared with 23.6891 million forecast in a Reuters poll of analysts.
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JERUSALEM, Oct 27 (Reuters) - * Israel Discount Bank said on Sunday it received pre-commitments of 1.67 billion shekels ($473 million) from institutional investors to buy subordinated debt as part of a potential bond offering.
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According to Haaretz, one of the businessmen was Arnon Milchan, an Israeli-born Hollywood producer, who supplied Netanyahu and his wife with hundreds of thousands of shekels (1 shekel=$0.26) of cigars and champagne.
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Halman-Aldubi, which manages about t 14 billion shekels ($3.7 billion) in assets, will merge with a small firm called Soho Real Estate and will be traded under the name Halman-Aldubi Investment House.
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Three leading Israeli newspapers said the tax bill is based on royalties of about 1 billion shekels transferred in recent years to Coca-Cola from Central Bottling Co, the Israel franchiser of Coca-Cola.
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The proposals are part of the government's five-year plan to reduce the regulatory burden that seeks to lead to annual cumulative savings of more than 4 billion shekels, the prime minister's office said.
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TEL AVIV, Jan 4 (Reuters) - Israel's Delek Automotive Systems is in advanced talks to buy control of environmental and infrastructure firm Veridis from investment manager Oaktree Capital Management for 1.05 billion shekels ($305 million).
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Under its current framework agreement with Microsoft, Israel pays more than 100 million shekels ($27 million) a year for the procurement of Office desktop software, Windows and server software for ministries and government offices.
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Global coffee sales fell 1603 percent from a year earlier to 1.02 billion shekels due to mainly to foreign exchange effects including the appreciation of the shekel against the Brazilian real and the rouble.
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Walid Habib spends 300 shekels ($75) each week to fill the tanks on top of his house in Salfit—a huge sum in the West Bank, where the average monthly wage is about $500.
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The Calcalist financial newspaper reported that HFH and Leumi have accepted an offer from an Indian company for their 66 percent holding at a company valuation of up to 1.4 billion shekels ($388.8 million).
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The exchange had offered to buy out its shareholders, comprised of commercial and investment banks, before it lists on its own market next year, valuing the total shares at 500 million shekels ($146 million).
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TEL AVIV (Reuters) - Delek Group signed a binding agreement for the sale of 32.5% of insurer Phoenix Holdings for 1.72 billion shekels ($476 million) to private equity firms Centerbridge Partners and Gallatin Point Capital.
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Tel Aviv's bond market, on the other hand, was strong, with a record 60.5 billion shekels ($15.7 billion) of debt issues and an 8 percent jump in trading volumes for corporate bonds, it said.
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JERUSALEM (Reuters) - State-owned Israel Electric Corp said on Tuesday it will pay General Electric about 1 billion shekels ($280 million) to build and maintain a new unit at one of its power stations.
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The sales are part of a bigger plan announced in late 2014 to sell all or part of eight companies and two ports by 2017, raising around 15 billion shekels, or nearly $4 billion.
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Hapoalim said on Thursday it earned 950 million shekels ($257.5 million) in the third quarter, up from 469 million a year earlier and compared with 854 million forecast in a Reuters poll of analysts.
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The PA, which has limited self-rule in the West Bank, where Israel retains overall security control, pays stipends that start at 1,400 shekels ($392) after a prisoner has been detained for three months.
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In the most serious case, known as Case 221, prosecutors say Netanyahu advanced regulatory benefits worth more than 1 billion shekels (approximately $280 million) to his friend, millionaire Shaul Elovitch, who owned the Walla!
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CASE 4000, the most serious of the three, alleges that Netanyahu granted a series of regulatory favors worth around 1.8 billion shekels (about $500 million) to Israel's leading telecommunications company, Bezeq Telecom Israel (BEZQ.TA).
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Israel's largest telecoms group, which is the process of a change in ownership, said on Monday it earned 191 million shekels ($55 million) in the third quarter, compared with 234 million a year earlier.
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Strauss, a maker of snacks, fresh food and coffee, posted on Wednesday adjusted net profit of 153 million shekels ($44 million) in the July to September period, up from 144 million a year earlier.
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The bank's assets grew 7 percent, or 25 billion shekels, to 394 billion in 2016, mainly on foreign currency purchases by the central bank in a bid to prevent a rapid appreciation of the shekel.
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"We have refused to receive the 700 million shekel ($194 million) transfer after Israel deducted 42 million shekels from it," Hussein al-Sheikh, the PA minister of civil affairs, told Reuters regarding the monthly transfer.
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JERUSALEM, Dec 20 (Reuters) - * Israel Discount Bank said on Thursday it accepted pre-commitments from institutional investors worth 1.5 billion shekels ($398.5 million) in the first phase of an offering for two series of bonds.
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Jabari said that so far this year the chamber has secured 1,500 permits for Palestinians to work in Israel and resolved hundreds of thousands of shekels' worth of financial disputes between Israeli and Palestinian businesses.
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The deal could include an increase of up to 866 million shekels or a decrease of up to 196 million depending on issues like profits prior to the closing and changes in Phoenix's share price.
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"We believe it's medicine and it's important ... It's a big potential for Israeli farmers and the economy," added Kisch, who estimates the regulation could boost tax income by 1 billion shekels ($268 million) a year.
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Partner said on Wednesday it earned 0003 million shekels ($2000 million) in the second quarter, up from 21 million a year earlier but below a forecast of 23.6106 million in a Reuters poll of analysts.
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Justine Sachs and Nadia Abu-Shanab said last week they would not pay the fine of 45,000 shekels ($12,423.05) awarded to three Israeli teenagers, calling the court's ruling a "stunt" intended to intimidate Israel's critics.
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In the coming months, Delek will complete the sale of its Phoenix insurance subsidiary for 1.64 billion shekels, begin gas production at the Leviathan field, and acquire Chevron's North Sea assets, CEO Asaf Bartfeld said.
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TA), which holds 20 percent of Leumi Card, announced on Saturday that they had agreed to sell the business to the U.S. private equity firm for 2.5 billion shekels ($679 million), subject to regulatory approval.
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Prosecutors say that in the most serious case, known as Case 4000, Netanyahu advanced regulatory benefits worth more than 1 billion shekels (approximately $280 million) to his friend, millionaire Shaul Elovitch, who owned the Walla!
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JERUSALEM (Reuters) - Three multinational companies have received an Israeli government grant of 120 million shekels ($33 million) aimed at boosting the presence of large companies and establishing Israel as a hub in biotechnology and medicine.
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Bezeq, which is being investigated for securities offences and is the midst of a corporate shake-up, was forecast to earn 255 million shekels on revenue of 2.34 billion, according to a Reuters poll of analysts.
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TEL AVIV, Jan 21 (Reuters) - B Communications said on Monday it sold 7.39 million of its ordinary shares in an auction to certain institutional and qualified investors in Israel for about 118.2 million shekels ($32 million).
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TEL AVIV, June 12 (Reuters) - Israel's Internet Gold-Golden Lines said it sold 8.8 million shares via a tender offer to certain institutional and private investors and expects gross proceeds of 100 million shekels ($28 million).
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Eurocom's chairman, Shaul Elovitch, who is being investigated by Israeli authorities for possible fraud and financial reporting offences, is under pressure to sell Eurocom, which is laden with nearly 1 billion shekels ($290 million) in debt.
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JERUSALEM, June 18 (Reuters) - * Partner Communications, Israel's second-largest mobile phone company, said on Sunday it will receive 189 million shekels ($54 million) from a public share offering in which it sold about 9.7 million shares.
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TEL AVIV, April 4 (Reuters) - Israel's Bank Hapoalim said on Thursday it accepted bids from institutional investors amounting to 58.25 percent of its Isracard credit card unit at a price of 1.6 billion shekels ($444.5 million).
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"This is a really big deal, worth billions of shekels," said Maozia Segal, chairman of Ometz, a group that campaigns for clean government and has handed authorities allegations of corruption in the past, leading to investigations.
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