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Kenny Rosenberg owner of El Al wants to increase his holdings in the company by convert part of his loans into El Al's shares
Posted on Dec 12, 2022 by Ifi Reporter
Kenny Rosenberg, the controlling owner of El Al, wants to increase his holdings in the company. The company's board of directors appointed an independent committee to examine the proposal of...
Strauss board of directors ordered the company's management to examine raising a debt of NIS 400 million
Posted on Dec 8, 2022 by Ifi Reporter
Strauss board of directors ordered the company's management to examine raising a debt of NIS 400 million. The debt raised from a bank, other financial institution or by issuing bonds will be...
Israeli cyber company CyCognito laid off about 30 employees - about 15% of the company's workforce
Posted on Dec 8, 2022 by Ifi Reporter
The Israeli cyber company CyCognito (CyCognito) laid off about 30 employees, which make up about 15% of the company's workforce of 185 employees in Israel and the United States. According to...
CloudWize and Kyndryl Israel have entered into a strategic partnership to enables companies to have maximum cloud security
Posted on Dec 8, 2022 by Ifi Reporter
CloudWize and Kyndryl Israel announced today that the companies have entered into a strategic partnership to help bring cloud security and compliance to more businesses in Israel, across the...
In November, a budget deficit of approximately 1.2 billion shekels was measured
Posted on Dec 8, 2022 by Ifi Reporter
In November, a budget deficit of approximately 1.2 billion shekels was measured, and the cumulative budget surplus in the last 12 months is reduced to 0.4% of GDP (approximately 7.5 billion...
Tigo Energy may merge with Spak under the name Roth CH Acquisition IV at a value of 600 million dollars
Posted on Dec 7, 2022 by Ifi Reporter
Zvi Alon's Tigo Energy may merge with Spak under the name Roth CH Acquisition IV at a value of 600 million dollars. Tigo provides solar and energy storage solutions and the merger is expected...
Univo Pharmaceutical that supplies medical cannabis products request to delay proceedings due to 40 million $ debts
Posted on Dec 6, 2022 by Ifi Reporter
The medical cannabis company Univo Pharmaceutical Industries, which manufactures and supplies medical cannabis products in Israel, as well as a number of subsidiaries it owns, submitted an urgent...
About a hundred Israeli importers flew.to Istanbul for meetings with about 400 Turkish exporters
Posted on Dec 5, 2022 by Ifi Reporter
The Association of Chambers of Commerce, in cooperation with the Turkish Exporters Association TIM, organized a delegation of about a hundred Israeli importers to Istanbul for a series of BTB...
Santa Israeli startup lays off most of their employees - A few dozens
Posted on Dec 5, 2022 by Ifi Reporter
Another startup company lays off employees. The CEO of Santa, Roy Adler, announced on Monday evening that the company will lay off most of its employees (a few dozen). In addition, the company is...
The Standards Institute began laying off 150 of the 873 employees
Posted on Dec 5, 2022 by Ifi Reporter
The Standards Institute began laying off 150 of the 873 employees it employs following the standardization reform initiated by the Ministry of Finance and the Ministry of Economy as part of the...
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