Articles by November, 2022

Negotiations of a free trade agreement between Israel and Bahrain: Progress has been made
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by Ifi Reporter

Category: Government

The first round of negotiations for the signing of a free trade agreement between Israel and Bahrain has ended and significant progress has been made.The negotiating teams of Israel and Bahrain met this week in Manama, the capital of Bahrain, and discussed various issues including trade in goods, regulation and standardization, customs, trade in services, government procurement, e-commerce and the protection of intellectual property rights. The delegation, led by the Foreign Trade Administration of the Ministry of Economy and the industry and other representatives from the ministry, as...

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Nov 25, 2022

OECD warns Israeli government not increase spending in a broad and a permanent way
691 Views Details

by Ifi Reporter

Category: Health

The Organization for Economic Cooperation and Development (OECD), the organization of developed countries of which Israel is also a member, warns the Israeli government and recommends that it not increase government spending in a broad and permanent way, since such an increase may increase inflationary pressures and result in the need for a tightening of monetary policy, that is to say, Additional interest rate increases - this is what the organization's economists write in an updated global report published today (Tuesday). The organization also estimates that the level of interest in...

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Nov 26, 2022

Black Friday madness in Israel: More than NIS 887 million were spent - 19% increase compared to 2021
603 Views Details

by Ifi Reporter

Category: Financial

The Israeli buyers do not give up the traditional shopping days. According to the data of the clearing company Automatic Bank Services (SBA), the expenses of Israelis on credit cards amounted to more than NIS 887 million following Black Friday sales in Israel. This is a 19% increase compared to the corresponding expenses last year, which amounted to NIS 745 million. The Sheba company data refers to purchases both in the physical stores and online purchases, last Friday November 25 between the hours of 8:00 and 15:00 (opening hours of the physical stores). At the level of daily spending,...

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Nov 27, 2022

Yahoo will cooperate with Israeli Taboola for the next 30 years and will get 25% of it's shares
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by Ifi Reporter

Category: Financial

Taboola, the advertising giant - or, as it usually calls it, recommendations - on the web, announced a little while ago that it signed an agreement with the pioneer of the American network Yahoo, under which it will become the exclusive advertising provider in all of the latter's 'digital assets' - that is, the websites and applications - for 30 years.

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Nov 28, 2022

Israir announced it'st third Quarter: Revenues grew by 209% and amounted to 124 million dollars
597 Views Details

by Ifi Reporter

Category: Financial

Israir reported strong growth in revenues in the third quarter - which helped it to present record results, despite the sharp increase in the price of fuel. The airline achieved the results by implementing a pricing engine based on artificial intelligence, which allowed it to maximize the value of each passenger. Israir, which is managed by Uri Sirkis, earned $15 million in the third quarter of 2022. This is compared to a loss of $10 million in the corresponding quarter in 2021 - which was still affected by the Corona epidemic. Israir's revenues grew by 209% in the last quarter compared to...

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Nov 29, 2022

 Diplomat leads the wave of food price increases -   Profit jumped by 22% to  NIS 26.6 million
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by Ifi Reporter

Category: Financial

The Diplomat company continues to lead the wave of price increases in the food and consumer products market and shows an improvement in sales, gross and operating profitability, alongside a 21.8% jump in net profit which amounted to NIS 26.6 million in the third quarter. The company is working to complete the implementation of the price increase it announced last month and warns that it will raise prices once more, following the price increases demanded by its suppliers. This is according to the company's reports for the third quarter that were published yesterday. Sales of Diplomat, which...

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Nov 29, 2022

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