Financial and economic News from israel - Economic World by Dan Bielski

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Shikun & Binui Swings to NIS 133M Profit in Q2 2025 Amid Overseas Real Estate Boom

Posted on Aug 21, 2025 by Ifi Reporter - Dan Bielski

Shikun & Binui posted a significant turnaround in its second-quarter results for 2025, reporting a net profit of NIS 133 million , compared to a loss of NIS 133...

Delek Group Posts 40% Revenue Surge in Q2 Amid Mergers and Energy Sector Challenges

Posted on Aug 20, 2025 by Ifi Reporter - Dan Bielski

Delek Group, controlled by businessman Yitzhak Tshuva, reported a dynamic and eventful second quarter, with total revenues jumping 40% year-over-year to NIS 3.5 billion. The...

Mitronics CEO Sharon Goldenberg Steps Down Amid Prolonged Revenue Decline and Executive Instability

Posted on Aug 20, 2025 by Ifi Reporter - Dan Bielski

Less than four years after his appointment, Sharon Goldenberg will step down as CEO of Mitronics , the once-dominant manufacturer of robotic pool cleaners. The company stated that his...

Gilat Secures $60 Million Order for Aircraft Internet Antennas, Boosts Backlog and Profitability Outlook

Posted on Aug 20, 2025 by Ifi Reporter - Dan Bielski

Gilat Satellite Networks continues its growth momentum, significantly expanding its order backlog with a $60 million deal to supply electronic antennas for in-flight...

Warning Bells Over Israel’s Gas Market: Price Committee Flags Monopoly Risk Amid Chevron Dominance

Posted on Aug 20, 2025 by Ifi Reporter - Dan Bielski

Israel’s Price Committee — a joint body of the Finance and Energy Ministries — raised serious concerns as early as March over a looming risk in the...

Duolingo Stock Soars 12% as Wall Street Backs AI Strategy and Growth Vision

Posted on Aug 18, 2025 by Ifi Reporter - Dan Bielski

Duolingo shares jumped more than 12% on Tuesday following bullish analyst reports from two major investment firms, which dismissed concerns about the threat of artificial intelligence and set...

Cheers to a Record: Palace Modi'in Resident Exhibits Israel’s Largest Beer Glass Collection

Posted on Aug 17, 2025 by Ifi Reporter - Dan Bielski

A special and spirited exhibition is currently on display at the Palace Modi'in assisted living home , showcasing Israel’s largest beer glass collection — nearly 500 unique...

Cheers to a Record? Palace Modi'in Resident Displays Israel's Largest Beer Glass Collection

Posted on Aug 16, 2025 by Ifi Reporter - Dan Bielski

Residents of the Palace Modi'in assisted living home are raising their glasses in admiration of a unique and spirited exhibition now on display—a collection of approximately 500 beer...

Shfaram's T&E Fashion Complex Begins Exporting Luxury Dresses to UAE

Posted on Aug 15, 2025 by Ifi Reporter - Dan Bielski

The T&E Complex in Shfaram , Israel’s largest fashion complex, has begun exporting luxury evening and wedding dresses to the United Arab Emirates , specifically to high-end...

Israeli Farmers Face Crisis as Drought Compensation Falls Short by NIS 17 Million

Posted on Aug 12, 2025 by Ifi Reporter - Dan Bielski

A historic drought that ravaged Israel’s winter crops in the 2024/25 growing season has left hundreds of farmers in financial peril, as the Agricultural Natural Damage Fund (KENT)...

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El Al Appoints Levi Halevi as New CEO; CFO Yaakov Shahar to Retire

Sep 20, 2026 by Ifi Reporter - Dan Bielski

El Al Israel Airlines announced a major leadership transition this afternoon, with the appointment of Levi Halevi as the airline’s new Chief Executive Officer . The decision was made by El Al’s Board of Directors , following the recommendation of a search committee... Continue reading →

Hadas Water Launches Under-Sink Purified Water System With Special Shabbat Mechanism

Mar 10, 2026 by Ifi Reporter - Dan Bielski

Hadas Water , one of Israel’s leading companies in the development and production of purified water bars, has introduced a new under-sink system that dispenses both hot and cold purified water and includes a unique mechanism designed for use on Shabbat.... Continue reading →

Survey: Majority of Israeli Opinion Leaders Say Rami Levy Offers Cheapest Passover Shopping Basket

Mar 10, 2026 by Ifi Reporter - Dan Bielski

A new survey conducted by the Geocartography Survey Institute found that a majority of Israeli opinion leaders believe the Rami Levy Hashikma Marketing supermarket chain offers the cheapest shopping basket for Passover. According to the survey, 62% of... Continue reading →

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