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Bank of Israel Halts Dollar Sales as Shekel Strengthens; Exporters Face Challenges Amid Economic Shifts
Posted on Dec 30, 2023 by Ifi Reporter
Bank of Israel announced a cessation of foreign currency sales in November 2023, as the shekel experienced a notable strengthening trend. The foreign currency balances at the end of the month...
Government Companies Authority Director Resigns Amidst Struggles with Minister Amsalem
Posted on Dec 30, 2023 by Ifi Reporter
Michal Rosenbaum, the Director of the Government Companies Authority, has submitted her resignation to Prime Minister Binyamin Netanyahu, citing her inability to perform her duties properly. The...
Israeli Businessman Abramovich Files Lawsuit Against Mizrahi Tefahot Bank Over Blocked Donation to Zaka Organization
Posted on Dec 27, 2023 by Ifi Reporter
In a legal battle that has unfolded in the midst of the ongoing conflict in Ukraine, prominent Israeli businessman Roman Abramovich, alongside the Zaka organization, has initiated legal...
Israeli Economy Shows Resilience Amidst Challenges: CBS Reveals Revenue Trends
Posted on Dec 27, 2023 by Ifi Reporter
Central Bureau of Statistics (CBS) unveiled the revenue indices reflecting the economic performance of various sectors in Israel. The data, covering the period from August to October of the...
Government Unveils "Recruited for Reserves" Program: NIS 9 Billion Aid Package for Reserve Servants and Families
Posted on Dec 27, 2023 by Ifi Reporter
In a significant move aimed at supporting reserve soldiers and their families affected by the ongoing conflict, Finance Minister Bezalel Smotrich and Defense Minister Yoav Galant unveiled the...
Finance Committee Reveals Controversial Taxation Measures Amidst 2024 Budget Discussions
Posted on Dec 25, 2023 by Ifi Reporter
In a heated session chaired by MK Moshe Gafni, the Finance Committee engaged in discussions surrounding proposed taxation measures to accompany the 2024 budget. The committee disclosed that...
Banking Supervision Extends Relief Measures Amidst Ongoing Conflict in Gaza
Posted on Dec 25, 2023 by Ifi Reporter
In response to the evolving situation and the recent announcement by the Bank of Israel, the Banking Supervision has declared an extension of the temporary order, Proper Banking Management 251,...
Halal Communications Soars in Q3 with Robust Profits and Strategic Investment
Posted on Dec 25, 2023 by Ifi Reporter
Halal Communications, led by CEO Dan Zicek, has closed the third quarter of the year with a significant surge in operating profit. This follows a strategic move in November, when the company...
Strong Demand for Mizrahi Tefahot's Latest Bond Offering Signals Confidence in Bank's Position
Posted on Dec 21, 2023 by Ifi Reporter
In a notable financial development on Wednesday night, institutional bodies demonstrated robust demand, injecting approximately NIS 4 billion into the market, with Bank Mizrahi Tefahot securing a...
Major Technology Giant to Invest $800-900 Million in Energix's Renewable Energy Projects in the US
Posted on Dec 18, 2023 by Ifi Reporter
In a groundbreaking collaboration, Energix, a leading player in the renewable energy sector from the Amot Investment Group, has inked a non-binding memorandum of understanding with one of the...
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