Financial

Social Economic Cabinet approved the deal in which Rafael aquires Aeronautics for NIS 850 million
414 Views Details

by Ifi Reporter

Category: Financial

The Aeronautics deal was approved by the government. The Social Economic Cabinet, led by Finance Minister Moshe Kahlon, approved the deal in which Rafael government company and businessman Avihai Stolero bought Aeronautics for NIS 850 million. The Aeronautics Group is an Israeli company engaged in the development and production of intelligence-based, unmanned systems solutions for the international security market. The company's center is in Yavne. Following the transaction, Aeronautics' stock will be deleted from the stock exchange and will become a private company. The aerospace...

Read More

Aug 13, 2019

Israeli Fox  will open at a mall in Toronto a  Niketown store in an investment of  $ 12 million
1164 Views Details

by Ifi Reporter

Category: Financial

The huge Niketown store that Fox will set up at the Yorkdale Mall in Toronto will span two floors of approximately 3,000 square feet. At its establishment, a sum of about $ 12 million (about NIS 42 million) will be invested, with a substantial portion estimated to be funded by the mall. The store is slated to open in November 2020, with the store's lease agreement for 10 years and includes an option to extend it for another 5 years. It is estimated that sales at such a store are expected to exceed $ 20 million per year. Niketown is a concept of huge stores spread over several floors in...

Read More

Sep 2, 2019

 State Comptroller approves Netanyahu to get a loan from a friend to cover legal expenses
440 Views Details

by Ifi Reporter

Category: Financial

Netanyahu insisted, and succeeded: After the permit committee repeatedly rejected his request for funding for his legal protection from his associates, Prime Minister Benjamin Netanyahu received the long-sought approval from the new State Comptroller, Netanyahu Engelman. Englishman approved Netanyahu to take out $ 300,000 loan from Spencer Partridge businessman, "on market terms." In effect, an Englishman bypassed the permit committee next to his office, which refused to allow Netanyahu to receive donations from Partridge and his cousin Nathan Milikowski. The State Comptroller's Office...

Read More

Sep 4, 2019

El Al  LY008 which will land in Ben Gurion afternoon marks an end of El Al's jumbo fleet
832 Views Details

by Ifi Reporter

Category: Financial

El Al Flight LY008, which will land in Tel Aviv this afternoon, marks the end of El Al's jumbo fleet operation on the New York route. Since 1971, the company has operated tens of thousands of flights on this route on jumbo jets. The closure of El Al's jumbo fleet is part of the company's strategic move to take out old aircraft from service and replace it with new and advanced aircraft. This week, El Al will join its new Dreamliner fleet, the Boeing 787-9 12th, called "Jerusalem of Gold." By March 2020, another 4 additional planes of 787-8 are expected to enter the service. Since 1971, a...

Read More

Sep 15, 2019

Taboola and Outbrain, which specialize in content recommendations decided to merge
776 Views Details

by Ifi Reporter

Category: Financial

Taboola and Outbrain, which specialize in content recommendations at the bottom of online articles and sometimes on the pages of the site, report a merger agreement between them, subject to regulatory approvals. These are the top two content recommendations companies. Under the agreement, Outbrain shareholders will receive 30% of the subsidiary's shares and $ 250 million in cash. The profits of the two companies are estimated at $ 50-70 million a year. Adam Singolda, founder and CEO of Taboola, will run the merged company that operates under the Tabula brand. The subsidiary will employ...

Read More

Oct 3, 2019

IAI will convert for General Electric 15 Boing 777 passenger aircrafts  to a cargo configuration
403 Views Details

by Ifi Reporter

Category: Financial

The aerospace industry is expanding its operations in the field of aircraft conversion: Under a new agreement it signed with GECAS, it will convert 15 Boeing 777 aircraft from a passenger aircraft configuration to a cargo configuration. The IAI does not specify the amount of the deal, but notes that the amount is several hundred million dollars. The company also said that under its agreement with GECAS, an option to convert 15 additional aircraft was agreed in the future. GE Capital Aviation Services (GECAS) is a subsidiary of General Electric and is considered one of the world's largest...

Read More

Oct 17, 2019

American software vendor EPAM: we have acquired the Israeli startup Naya
884 Views Details

by Ifi Reporter

Category: Financial

EPAM Systems, a digital platform engineering and software development solution provider, Software announced Wednesday the acquisition of Israeli company Naya Technologies (NAYA Technologies) for an undisclosed amount. As part of the deal, EPAM acquires both Israeli company 80 employees in Herzliya and American subsidiary NAYA Tech. EPAM employs around 30,000 employees and trades on NASDAQ at $ 9.75 billion. The company carries out projects for leading global companies of all disciplines, including prominent Google. Naya Technologies was founded in 2009 by June Okon and Yair Rosilio and...

Read More

Nov 6, 2019

39 technological collleges will open this morning with disruptions due to budget conflict
478 Views Details

by Ifi Reporter

Category: Financial

About thirty technology colleges will open in disruptions this morning due to budgetary hardship that threatens to continue their operations. Political controversy delays transfer of NIS 146 million budget promised in favor of technology college reform and another sixty-one NIS dictionary approved for colleges a year for college budget, lecturer money, vendor pay and ongoing management. Speaker of the Finance Committee Knesset Member Moshe Gaffney last week refused to transfer the money to the committee on the grounds that the money would drive reform in the technology colleges, a reform...

Read More

Nov 9, 2019

2017 Wage and Income Survey reveals: Jerusalem residents are at the bottom of the list
448 Views Details

by Ifi Reporter

Category: Financial

The National Insurance Institute publishes the 2017 Wage and Income Survey and it turns out that Jerusalem residents are at the bottom of the list when it comes to earning a job. Of the major cities defined as cities with more than 200,000 residents, Jerusalem is at the bottom of the list. The average wage of workers in the capital of Israel reaches eighty-one and a half percent of the average wage in the economy. The average wage in August totaled NIS 10,808, an increase of 2.5% compared to last year. Since the beginning of 2018, the average wage in the economy is higher than NIS 10,000...

Read More

Nov 11, 2019

Black Friday madness: until 15:00 Isreli buying totaled over NIS 750 million
421 Views Details

by Ifi Reporter

Category: Financial

Black Fiday sales have started in the world. The Israelis are attacking the eBay and Amazon online sales sites, but the Chinese sites are also the focus of sales. The postal company is preparing for mass shopping which will reach hundreds of thousands of packages. Israelis are known for online shopping. They are not only interested in electronic products as in the past. The Israelis attack the fashion brands and are exposed to all the most prestigious brands. They are no longer afraid to buy previously unpowered fashion items Automatic bank services data, which operates the national...

Read More

Nov 29, 2019

  • Page 4 / 25
  • 2
  • 3
  • 4
  • 5
  • 6

Testimonials

No testimonials. Click here to add your testimonials.