News

Bank of Israel intervened in foreign exchange trading on Thursday, causing the dollar to rise

Posted on Sep 3, 2021 by Ifi Reporter

Just before the dollar exchange rate crossed the NIS 3.20 threshold for the first time since mid-January, the Bank of Israel intervened in foreign exchange trading on Thursday, causing the dollar...

Tel Aviv Stock Exchange sums up the past year: 94 new companies were issued in an initial public offering

Posted on Sep 1, 2021 by Ifi Reporter

The Tel Aviv Stock Exchange sums up the past year ahead of Rosh Hashanah next week with a flood of technology and optimism issues mixed with fears of the development of the corona plague -...

OwnBackup, a developer of a leading cloud data protection platform acquires american RevCult

Posted on Sep 1, 2021 by Ifi Reporter

OwnBackup, a developer of a leading cloud data protection platform, announces the acquisition of RevCult, a software company that provides security solutions for the California-based Salesforce...

Playtica acquires the Finnish company Reworks for about $ 600 million

Posted on Sep 1, 2021 by Ifi Reporter

The gaming company Mobile Playtica has announced the acquisition of the Finnish Home Design company Reworks for about $ 600 million. Through the acquisition, the company is expected to leverage...

Elco Group: Revenues increased by 36% to NIS 3.49 billions

Posted on Sep 1, 2021 by Ifi Reporter

The Elco Group today published the financial statements for the second quarter and the first half of 2021. Main results for this quarter: Revenue: Revenue increased by 36% to NIS 3.49 billion,...

Entry by private car in the morning to most cities in the center of the country Entry by private car in the morning to most cities in the center of th

Posted on Aug 31, 2021 by Ifi Reporter

Entry by private car in the morning to most cities in the center of the country - including Rishon Lezion, Herzliya, Petah Tikva and Or Yehuda - and departure in the afternoon, will result in...

The US dollar weakened against the Shekel - fell to NIS 3.11

Posted on Aug 31, 2021 by Ifi Reporter

The US dollar weakened today (Tuesday) in foreign currency trading until it kissed a rate of NIS 3.20, the lowest since January this year. Then the Bank of Israel announced, when the dollar fell...

Israeli DSPG is sold to Synaptics for $ 538 million at a share price of $ 22

Posted on Aug 30, 2021 by Ifi Reporter

The Israeli company DSPG, which is engaged in chip development, is sold to Synaptics for $ 538 million. The deal was executed at a share price of $ 22, a premium of 18% over the share price at...

Prime Minister Naftali Bennett decided to open the school year on September 1 in most parts of the country

Posted on Aug 30, 2021 by Ifi Reporter

Prime Minister Naftali Bennett has announced that he has decided to open the school year on September 1 in most parts of the country, with some adjustments in the outline for the renewal of the...

Fox Group,: record revenues in Q2 of NIS 995.9 million - Increase of 57.3%

Posted on Aug 30, 2021 by Ifi Reporter

The Fox Group, controlled by Harel Wiesel, publishes the second quarter reports for 2021, which show record profits for the group, which generated almost NIS 1 billion in this quarter. The...

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Electra Group Secures Lucrative Contract for JFK Airport Terminal 1 Lighting System Construction

May 3, 2024 by Ifi Reporter

Expanding its foothold in the United States, Electra Group has announced a significant milestone as its subsidiary, Gilston (51% owned), clinched a subcontracting deal for the construction of the lighting system in the forthcoming Terminal 1 at JFK Airport in New York. The lucrative contract,... Continue reading →

United Airlines Extends Flight Suspension to Israel Amidst Ongoing Security Concerns

May 1, 2024 by Ifi Reporter

United Airlines has announced an extension of its flight suspension to Israel following the recent missile and drone attack by Iran. The American carrier, which initially halted its operations in Israel until May 2, will now refrain from resuming flights until at least May 9, citing ongoing... Continue reading →

Israeli Mortgage Market Sees Average Decrease in March Despite Recovery in Activity

Apr 30, 2024 by Ifi Reporter

March saw a surprising turn in the Israeli mortgage market, with the average mortgage amount decreasing significantly despite a reported recovery in market activity. Data released by the Bank of Israel indicates a notable decline in the average mortgage compared to previous months, marking the... Continue reading →


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