Financial
by Ifi Reporter
Category: Financial
The Israeli chip company Banias Labs of Mahod Hasharon, founded by the entrepreneur and investor Avigdor Vilanz, was sold to the Canadian company Alpha wave for $240 million in cash, according to an announcement published today on behalf of the companies
Oct 13, 2022
by Ifi Reporter
Category: Financial
Four months after Yitzchak Abarkhan returned to Shufersal, this time as chairman, and led to the appointment of Uri Waterman as CEO of the company, in the coming weeks the two intend to lead an aggressive streamlining program for the company. Restoring the operating profitability of the food stores to a level of 3.5%-4% will require a cut of NIS 250-300 million per year in the company's operating expenses in view of the erosion of its market share
Oct 18, 2022
by Ifi Reporter
Category: Financial
Pepper, the digital bank from Beit Leumi, received official approval from the Bank of Israel this weekend to allow its customers to trade in virtual currencies. The service, which was announced about six months ago, will be available to customers through the Pepper INVEST capital market trading application and is expected to be launched within the next month, when the waiting list for the service will open in the coming days. In addition, in the future the service is expected to be extended to Bank Leumi customers as well
Oct 29, 2022
by Ifi Reporter
Category: Financial
The rate of average wage increase in the economy is starting to accelerate. In August, the average wage in the economy for Israeli workers reached NIS 12,258 per month - a nominal increase of 4% compared to August 2021. For comparison, in July the rate of the wage increase was moderate and reached a level of 3.4% per year. This is according to the wage and income data in the economy published today (Thursday) by the Central Bureau of Statistics (CBS). The Central Bureau of Statistics today also publishes partial data regarding the forecast of the average salary in the economy in September,...
Nov 3, 2022
by Ifi Reporter
Category: Financial
The struggle over the cost of living intensifies close to the establishment of a new government in Israel. Binyamin Netanyahu is making efforts to establish his government very quickly, but the marketing chains are not interested in fighting the angry public over the price increase. The question being asked now is whether the marketing chains are boycotting Unilever or is Unilever boycotting the chains? From the beginning of the month, Shufersal, Osher Ed, Bitan Wines, Yohannoff, Half Free, Victory and Rami Levy do not accept products from the European giant company that imports Dove, Sif,...
Nov 7, 2022
by Ifi Reporter
Category: Financial
The net profit of the aerospace industry in the nine months of 2022 jumped by 54% compared to the corresponding period last year and was about 202 million dollars. In this way, this is the most profitable period in the history of the company, which published its financial statements this morning (Thursday). Referring to the third quarter alone, the company's net profit jumped by about 135% compared to the corresponding quarter last year and amounted to about 73 million dollars
Nov 17, 2022
by Ifi Reporter
Category: Financial
RISE, Assuta's innovation arm launched with US in collaboration with University City Science Center from Philadelphia - a program that equips startup companies to successfully break into the global health market. 101 companies applied to participate in the program, all with an emphasis on digital health solutions, computational technology, artificial intelligence and big data, from which the six most promising companies that qualified for the program were selected. Thanks to the partnership with the University City Science Center, which has accumulated 50 years of experience in introducing...
Nov 19, 2022
by Ifi Reporter
Category: Financial
Today in the early evening the controversial World Cup will kick off despite everything, in the opening match between Ecuador and the host Qatar, at Al-Bayt Stadium in the city of Al-Khor. The decision to host the 2022 World Cup already in 2010, along with that of 2018, created a cauldron of intrigue and deals behind the scenes. A huge amount of fans from around the world are expected to come to the tournament, but Qatar does not have enough hotel rooms, which has increased the price of the existing ones. The organizers thought of several possible solutions: three luxury ships were built...
Nov 20, 2022
by Ifi Reporter
Category: Financial
The profits of New-Med Energy (formerly Delek Drilling), Yitzhak Tshuva's gas company that owns about 45% of the Leviathan reservoir, soared in the third quarter of the year. The partnership also reported record profits in the third quarter of the year thanks to record production of gas from the reservoir, and the increase in natural gas prices over the past year following the war waged by Russia in Ukraine. It recorded record profits in the third quarter of NIS 123 million. The company will distribute a dividend of NIS 50 million.
Nov 24, 2022
Black Friday madness in Israel: More than NIS 887 million were spent - 19% increase compared to 2021
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,...
Nov 27, 2022
