IAI opens production line for F-35 wing skins

Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) has launched a new production line for skins for the F-35 wings. The line was established following Lockheed Martin’s decision to select IAI as the subcontractor responsible for…

Gasoline prices in Israel to fall Mon night

The maximum price of 95 octane gasoline at self-service pumps in Israel will fall NIS 0.18 to NIS 5.83 on January 1. The maximum price of government price controlled 95 octane gasoline at self-service pumps…

Apartments sold and rented

Second-hand apartments sold Jerusalem and environs Kiryat Arba: A 150-sq.m. five-room, house with a 283-sq.m. garden on Eretz Hemda St. was sold for NIS 1.285 million. A 85-sq.m., four-room, first floor apartment was sold for…

316 homes planned for Jerusalem youth village land

Israel Land Authority (ILA) and the Israel Goldstein Youth Village of Hanoar Hatsioni in Jerusalem have reached an agreement whereby 19 dunam (4.75 acres or 19,000 square meters) of the village's land will be returned…

Immigration to Israel up 5% in 2018

Over 29,600 immigrants reached Israel in 2018, up from 28,220 in 2017, the Jewish Agency reports. Jewish Aliyah (immigration) to Israel rose 5% in 2018 compared with 2017, the Jewish Agency reports. 29,600 immigrants reached…

F-35 sale boosts reciprocal procurement in Israel

The Ministry of Defense today reported that Israeli companies had signed reciprocal procurement deals totaling $440 million with manufacturers of the F-35 Stealth Fighter, 40% more than the value of reciprocal procurement deals in 2017.…

Phoenix sells Aeronautics stake

The share price of Aeronautics Ltd. (TASE:ARCS) shot up 23% today on a huge turnover during trading on the Tel Aviv Stock Exchange (TASE), after The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) sold its entire holding…