Articles by March, 2022

 Israeli fintech company Finaro  is being sold to payment giant Shift4 for $ 575 million
556 Views Details

by Ifi Reporter

Category: Financial

The Israeli fintech company Credorax - which recently changed its name to Finaro - is being sold to the American payment and clearing giant Shift4 for $ 575 million. Cardorex is a clearing company that focuses on international transactions. It was founded in 2007 by Bnei Nachman, currently the company's chairman, Eugene Volkov and Michael Feinstein. It is estimated that the company is expected to end the current year with a clearing of $ 15 billion. Cardorex has raised $ 155.6 million so far, according to startup Nation Central, and its most recent round of funding was in 2016. The...

Read More

Mar 1, 2022

TERA PARK will be built in Ashkelon -  The largest high-tech park will offer thousands jobs
1508 Views Details

by Ifi Reporter

Category: Hitech

Work has begun on establishing TERA PARK Ashkelon - the largest high-tech park in Israel. The park will offer thousands of new jobs, a new and advanced transportation center and a vibrant urban axis of recreation and leisure; Ashkelon's new flagship project is launched and turns a vision into reality. The Ashkelon Municipality, through the Ashkelon Economic Company and with the support of the Israel Land Authority, has begun work to establish TERA PARK Ashkelon - the largest high-tech park in Israel that will serve as a center for innovation, science and business and change the employment...

Read More

Mar 2, 2022

the average wage in February increased by 9.2% and amounted to NIS 11,773
347 Views Details

by Ifi Reporter

Category: Financial

In 2021, the average wage in the economy was NIS 11,773. An increase of 2.3% compared to the same period last year and an increase of 9.2% compared to 2019 before the outbreak of the corona crisis. On the other hand, in the high-tech field, the average salary was NIS 26,494 - 2.25 times, according to data from the Central Bureau of Statistics published on Thursday. In December, the average wage in the economy was NIS 12,142, an increase of 7% compared to the previous month. This concludes a year with great volatility in the average wage resulting from changes in the labor market following...

Read More

Mar 3, 2022

The Israeli General Security Service reached agreements with UAE that enables flights
360 Views Details

by Ifi Reporter

Category: Government

The General Security Service announced on Friday that it had reached agreements with the security authorities in the United Arab Emirates that would allow Israeli companies to continue flying to Dubai. Last month, there was concern that the activity of Israeli airlines on the Israel-Dubai route would be stopped next week, due to a security dispute between the security authorities in Dubai and the Israeli aviation security system.

Read More

Mar 4, 2022

P.M Bennett flew to Moscow met Putin in the Kremlin and flies to Germany to mediate
430 Views Details

by Ifi Reporter

Category: Politics

Prime Minister Naftali Bennett flew secretly to Moscow early Saturday morning, and is currently in the Kremlin with Russian President Vladimir Putin as part of his attempt to mediate a diplomatic solution to end the war in Ukraine. Bennett is the first Western leader to meet with Putin since the beginning of the Russian invasion ten days ago, although some of them did talk to him on the phone. The report of the meeting was first published by the Reuters news agency, quoting a Kremlin spokesman. About half an hour later, Bennett's office issued an official statement confirming the report

Read More

Mar 5, 2022

 International Bank concludes 2021 with a profit of NIS 1.4 billion - Twice the profit in 2020
379 Views Details

by Ifi Reporter

Category: Financial

The International Bank concludes 2021 with a profit of NIS 1.4 billion, a jump of almost twice that of the profit in 2020, which amounted to NIS 750 million. The return on capital amounts to 14.7% in 2021 compared to 8.6% in 2020. The Bank's revenues amounted to NIS 3.15 billion in 2021, compared with NIS 2.9 billion in 2020. Net interest income amounted to NIS 2.8 billion, compared with NIS 2.6 billion. International's revenue from interest amounted to NIS 1.44 billion, compared with NIS 1.37 billion in 2020, an increase of 5.3%. The fees charged by the bank last year amounted to NIS...

Read More

Mar 6, 2022

Ukrainian Foreign Minister on El Al using  Russian payment system - money soaked in Ukrainian blood
476 Views Details

by Ifi Reporter

Category: Politics

Ukrainian Foreign Minister Dmitry Kolba has attacked El Al over a payment option through a Russian payment system provided on the company's website. Kolba posted a photo from the site, which marked the possibility of paying through the "Mir" payment system set up by the Central Bank of Russia. "While the world imposes sanctions on Russia for its barbaric actions in Ukraine, others prefer to make money absorbed in Ukrainian blood," Kolba wrote. "Here, El Al is receiving payments from the 'Mir' payment system, which was designed to circumvent sanctions." This is an immoral act and a...

Read More

Mar 7, 2022

33.4% of employees in high-tech - are women and 9.4% of the  CEOs who have set up start-ups
364 Views Details

by Ifi Reporter

Category: Hitech

A report by the Innovation Authority shows that the participation rate of women in high-tech is low - about a third of the employees. Only about nine and a half percent of the CEOs who have set up start-up companies are women and in fifty-seven percent of the major venture capital funds in recent years there is no woman appointed as a partner. The report also shows that forty-nine percent of all students in five units in mathematics are women and only about a third of those who take matriculation exams in computer science are women

Read More

Mar 7, 2022

Bank Leumi's net profit amounted to NIS 6 billion in 2021 - Record profit the highest in the sector
390 Views Details

by Ifi Reporter

Category: Financial

Bank Leumi's net profit amounted to NIS 6 billion in 2021, a record profit for the bank, the highest in the sector and almost three times the net profit in 2020, which stood at NIS 2.1 billion (an increase of 285%). The profit reflected a return on equity of 15%, compared to a return on equity of 5.7% in 2020. At the end of the fourth quarter, Leumi earned NIS 1.5 billion, an increase of 67% compared to NIS 900 million in the corresponding quarter. Leumi's annual profit line is higher than NIS 1 billion than that of its major competitor, Bank Hapoalim, which reported an annual profit of...

Read More

Mar 9, 2022

SHARP RISE IN GLOBAL TRANSPORTATION PRICES LED TO A YEARLY PROFIT OF $ 4.65 BILLION - 787% INCREASE
361 Views Details

by Ifi Reporter

Category: Financial

ZIM sums up a tremendous year: The sharp rise in global transportation prices jumped the profit of the transportation shipping company by 787% to $ 4.65 billion in 2021, compared to $ 524 million in 2020. Zim is controlled by Idan Ofer's Canon holding company - the company ended the fourth quarter with a net profit of $ 1.71 billion, compared to only $ 366 million in the corresponding quarter - an increase of 366%

Read More

Mar 9, 2022

  • Page 1 / 4
  • 1
  • 2
  • 3
  • 4

ABOUT IFI TODAY

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum

Testimonials

No testimonials. Click here to add your testimonials.