News

Migdal Insurance Company posted a total loss of NIS 563 million in the first quarter

Posted on May 27, 2020 by Ifi Reporter

Migdal Insurance Company posted a total loss (after tax) of NIS 563 million in the first quarter of 2020. This compares with a total profit of NIS 543 million in the corresponding quarter last...

Government water company Mekorot made NIS 83 million in the first quarter

Posted on May 27, 2020 by Ifi Reporter

Government water company Mekorot made NIS 83 million in the first quarter of 2020 - an increase of 13% compared to the same quarter in 2019. Its source, which is managed by Eli Cohen, noted that...

IDB insurance reports: net loss of NIS 9.4 million in the first quarter

Posted on May 27, 2020 by Ifi Reporter

IDB insurance, which operates the "Direct Insurance" brand, reported a 7% decrease in gross premiums, in addition to a net loss of NIS 9.4 million. This is due to a decrease of...

Elbit earned $ 64 million in the first quarter of 2020 - a 26% increase

Posted on May 26, 2020 by Ifi Reporter

Elbit Systems, which is managed by Bezalel Macliss, earned $ 64 million in the first quarter of 2020 - a 26% increase over the same quarter in 2019. Elbit Systems' revenue grew 4.8% in the...

24% of existing mortgages on the market are frozen and unpaid due to the Corona crisis

Posted on May 26, 2020 by Ifi Reporter

Due to the Corona crisis, the Bank of Israel published the data on the volume of mortgages whose payments were frozen. The figures show that the volume of frozen mortgages currently stands at NIS...

Windows manufacturer and aluminum profiles Klil profit amounted to NIS 8.1 million - 50% decline

Posted on May 26, 2020 by Ifi Reporter

Windows manufacturer and aluminum profiles Klil Industries sums up the first quarter of 2020 with a 17.3% decline in revenue and 50% in net profit. The company's revenue was NIS 85.5 million...

23 new patients in Israel were diagnosed with Corona in the past day

Posted on May 26, 2020 by Ifi Reporter

The Ministry of Health announced Tuesday (Tuesday) that 23 new patients were diagnosed with Corona in the last day. According to the ministry's data, 150 patients recovered last night....

Masco Corporation acquired the Israeli startup SmarTap

Posted on May 26, 2020 by Ifi Reporter

Masco Corporation (NYSE: MAS) has acquired the Israeli startup SmarTap, part of the portfolio of venture capital fund Terra Venture Partners. Masco, a Fortune 500 company, is a global leader in...

40 years of US and Israel Biennial Research was invested in 1200 agriculture projects

Posted on May 25, 2020 by Ifi Reporter

The US and Israel Biennial Research and Development Fund was established about 40 years ago. Over the years, the fund has invested about $ 315 million in some 1200 agricultural infrastructure...

64% of the employed were absent from work in whole or in part in April

Posted on May 25, 2020 by Ifi Reporter

More than 2.5 million Israelis - 64% of employed - were absent from work in whole or in part in April. This is evident from the data released by the Central Bureau of Statistics on Monday. The...
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Newsline

Migdal Insurance Company posted a total loss of NIS 563 million in the first quarter

May 27, 2020 by Ifi Reporter

Migdal Insurance Company posted a total loss (after tax) of NIS 563 million in the first quarter of 2020. This compares with a total profit of NIS 543 million in the corresponding quarter last year. The loss in the first quarter was mainly affected by the Group's considerable capital losses... Continue reading →

Government water company Mekorot made NIS 83 million in the first quarter

May 27, 2020 by Ifi Reporter

Government water company Mekorot made NIS 83 million in the first quarter of 2020 - an increase of 13% compared to the same quarter in 2019. Its source, which is managed by Eli Cohen, noted that the Corona crisis did not materially affect its financial results and there were no significant... Continue reading →

IDB insurance reports: net loss of NIS 9.4 million in the first quarter

May 27, 2020 by Ifi Reporter

IDB insurance, which operates the "Direct Insurance" brand, reported a 7% decrease in gross premiums, in addition to a net loss of NIS 9.4 million. This is due to a decrease of approximately NIS 72 million in investment income in the nostro portfolio and a decrease in underwriting... Continue reading →


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