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ICL Navigates Challenges in 2023 - Eyes Stabilization and Growth in 2024
Posted on Feb 28, 2024 by Ifi Reporter
Israel Chemicals Ltd. (ICL) faced a tumultuous year in 2023, encountering various challenges across its sectors. However, amidst difficulties, signs of stabilization in the potash market emerged,...
Knesset Extends Age of Exemption from Reserve Service Amid Controversy
Posted on Feb 28, 2024 by Ifi Reporter
Knesset has approved a bill to raise the age of exemption from reserve service, passing it in second and third readings as part of a temporary order. The proposal garnered support from coalition...
Elbit won a huge contract from the Australian Army in the amount of about 600 million dollars
Posted on Feb 26, 2024 by Ifi Reporter
Elbit won a huge contract from the Australian Army in the amount of about 600 million dollars, to supply systems to the Hanwha Defense Australia company for the Land 400 Phase 3 project. The...
Government Salary Gender Gap Narrows Slightly in 2022 New Agreement Aims for Further Improvement
Posted on Feb 26, 2024 by Ifi Reporter
According to the latest reports from the Ministry of Finance's Salary Commissioner, the average gross salary in government offices for 2022 stood at NIS 18,029 per month. However, a...
Finance Committee of the Knesset has approved an increase in Israel's Value Added Tax
Posted on Feb 22, 2024 by Ifi Reporter
In a move to address the significant deficit in the state budget, the Finance Committee of the Knesset has approved an increase in Israel's Value Added Tax (VAT) rate from 17% to 18%,...
Volume of mortgages secured by apartment buyers in Israel experienced a notable decline
Posted on Feb 22, 2024 by Ifi Reporter
In 2023, the volume of mortgages secured by apartment buyers in Israel experienced a notable decline, reaching NIS 71.3 billion, as per recent data released by the Bank of Israel. This marks a...
Unilever Postpones Planned Price Increases for Ice Cream and Chocolate Products
Posted on Feb 18, 2024 by Ifi Reporter
Unilever has decided to postpone the price increases it had previously planned, notably for its ice cream and chocolate products, until after the holidays. The decision comes following...
Nature and Parks Authority in Crisis: Budget Cuts Threaten Conservation Efforts
Posted on Feb 13, 2024 by Ifi Reporter
The aftermath of the recent war coupled with government budget slashes has plunged Israel's Nature and Parks Authority into a dire financial crisis. Severe cuts have forced the organization...
Roladin Coffee Chain Joins Trend of Price Hikes Amidst Economic Challenges
Posted on Feb 1, 2024 by Ifi Reporter
In the wake of rising import costs, supply chain disruptions, and increased operational expenses, Roladin, a prominent coffee chain, has decided to implement price hikes across its menu,...
Affinity Fund Led by Jared Kushner Completes 15% Acquisition of Shlomo Group's Automotive Operations
Posted on Feb 1, 2024 by Ifi Reporter
Shlomo Group has successfully concluded a deal to sell 15% of its automotive operations to the Affinity Fund, headed by Jared Kushner. The completion of this transaction marks Affinity Fund's...
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