Financial
by Ifi Reporter
Category: Financial
In a recent survey conducted by the Organization for Economic Cooperation and Development (OECD), Israel emerged as one of the countries with the highest rate of support for government intervention in dealing with the cost of living crisis. Among the 27 member countries of the OECD, Israel ranked fourth, with a staggering 83% of participants believing that the government should play a role in addressing the rising costs of living
Jul 20, 2023
by Ifi Reporter
Category: Financial
In a dramatic move, the "Business Forum," comprising executives managing around 150 of the largest companies in the economy, including banks and high-tech firms, has taken the emergency measure of disabling their company activities. Dozens of high-tech companies have also joined this shutdown. The decision comes amidst an ongoing dispute with the Histadrut over potential economic shutdowns
Jul 24, 2023
by Ifi Reporter
Category: Financial
In a significant development within the cybersecurity industry, the French Thales Group has reached an agreement to acquire the Israeli information security company Imperva for an impressive $3.6 billion. The deal, expected to be finalized by the end of the year, will mark a remarkable turn of events for Imperva, which had been purchased by the American Thoma Bravo Fund for $2.1 billion in 2018
Jul 25, 2023
by Ifi Reporter
Category: Financial
Israel Aerospace Industries (IAI) successfully concluded the sale of a cutting-edge spy satellite to Singapore on Sunday. The transaction, which is estimated to be worth approximately 200 million dollars, marks a milestone in Israel's satellite export program. Earlier today, the satellite, named "DS-SAR," was launched from India with resounding success. Unlike traditional camera-equipped satellites, this observation satellite is equipped with advanced radar technology, enabling it to gather crucial intelligence even in adverse weather conditions and during nighttime hours
Jul 30, 2023
by Ifi Reporter
Category: Financial
Solaredge, a leading manufacturer of solar panel converters and power amplifiers, disappointed investors with a weak forecast for its revenues and profitability in the third quarter of 2023. As a result, its shares plummeted by 12% in late trading. The company reported earnings of $120 million, equivalent to $2.12 per share based on US GAAP, for the second quarter of 2023. This was a decline from the $138 million profit in the first quarter of the year and $15 million in the same quarter in 2022.
Aug 1, 2023
by Ifi Reporter
Category: Financial
Oppenheimer, known for its strong research department, has maintained an "outperform" recommendation for Amdocs (DOX) stock while raising its target price from $99 to $109. The decision comes after Amdocs posted strong fiscal third-quarter results, showcasing annual revenue growth of 6.9% at constant exchange rates. Although the growth rate slightly decelerated compared to the previous quarter, the company remains strategically well-positioned in the cloud services sector, particularly among leading telecom companies undergoing digital transformation
Aug 4, 2023
by Ifi Reporter
Category: Financial
The Automated Bank Services Company has released its data on credit card expenses for the month of July, revealing a remarkable surge of approximately 6.2% compared to the same period last year. With credit card spending reaching an impressive NIS 41.17 billion, July has claimed its spot as the second-highest month of the year for credit card expenditure
Aug 7, 2023
by Ifi Reporter
Category: Financial
The American company Rubrik announced the purchase of the Israeli cyber startup Laminar. The amount of the purchase is estimated at 200-250 million dollars. According to the announcement, Laminar will continue to operate from its offices in Tel Aviv and will form the basis for Rubric's R&D center in Israel
Aug 8, 2023
by Ifi Reporter
Category: Financial
Bezeq Group, a leading telecommunications company in Israel, has announced its financial results for the second quarter of 2023, showcasing impressive growth in revenues and achieving its highest adjusted net profit since 2017. The company's robust performance has led to positive market sentiment, with its shares rising by 1.8% at the opening of trading on Wednesday
Aug 9, 2023
by Ifi Reporter
Category: Financial
Israel Chemicals Ltd (ICL), now known as ACL, has witnessed a tumultuous second quarter in 2023, grappling with plunging profits and a sharp decline in product prices. However, recent indicators of price stabilization and increased demand suggest a potential turnaround for the fertilizer and minerals producer. Since the commencement of the third quarter, ACL's stock has surged by 16%, hinting at a potential upswing in the company's financial results for Q3. This comes as a relief after the company faced a severe blow in Q2, when a precipitous fall in fertilizer prices and reduced...
Aug 10, 2023