Articles by March, 2024

Discount Bank, despite navigating through challenging times, wrapped up 2023 on a positive note, with a net profit for shareholders totaling 4.2 billion shekels, marking a notable 20% increase from the previous year's figure of 3.5 billion shekels

Amidst the turmoil of the 2023 war, Israel's banking sector has shown remarkable resilience, with profits soaring to new heights. The net profit of the four largest banks in Israel surged by 15% compared to the previous year, reaching a staggering NIS 25.5 billion. Despite the challenges posed by the conflict, profits remained steady, underscoring the strength of the banking system

In a recent review published by the Division of the Chief Economist in the Ministry of Finance, the residential real estate market in January 2024 displayed significant signs of recovery, particularly in the segment of new apartments

In a recent development impacting travel plans for many Israelis, Rainier, the Irish low-cost airline, has announced the cancellation of all flights to and from Israel until after October. The decision coincides with the onset of the airline's summer season, a period when many Israelis opt for budget-friendly travel options to Europe

The Aerospace Industry has published its reports for 2023, from which it appears that this is the most successful year since the establishment of the company. The global demand for military equipment that has soared since the war in Ukraine and the war in Israel in the last quarter of the year has arranged for the aerospace industry to accumulate orders totaling 18 billion dollars in 2023, compared to 15.6 billion dollars the previous year

Zim, which in 2022 presented the highest net profit in history for an Israeli company, sadly closes 2023, while showing a loss in each of the quarters of the past year. Zim shares lose about 14% in New York trading. The shipping and maritime transport company concluded 2023 with a loss of $2.69 billion, while it concluded 2022 with a profit of $4.63 billion - slightly lower than the net profit of 2021, which was $4.65 billion and was the highest in the history of any Israeli company

In a rare and bold move, Brigadier General Dan Goldfuss, commander of the 98th Division of the IDF, delivered a scathing rebuke to the political leadership, sending shockwaves through the Israeli political landscape

In the backdrop of heightened political tensions surrounding the conscription law, approximately 10,000 individuals gathered on Thursday evening for a rally advocating for equal military service at Tel Aviv's Hamima Square

The head of the Mossad, David (Dadi) Barnea, last night (Thursday) received from the Prime Minister of Qatar, Muhammad al-Thani, the official response paper of Hamas, after many delays. The document from the terrorist organization was received hours after an Israeli official claimed in a conversation with Ynet that there are "positive indications" of some progress in talks for another hostage deal, but it is too early to know if this will lead to the start of negotiations