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

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Rami Levy: Net profit decreased by 12.5% ​​and amounted to NIS 42 million

Posted on Nov 29, 2021 by Ifi Reporter - Dan Bielski

Rami Levy published its report for the third quarter of 2021, and like competitors Shufersal and Freshmarket, which also published their reports earlier, it also shows a decrease in sales and...

Armis is leading the fund's $ 300 million investment - A second round of funding in nine months

Posted on Nov 29, 2021 by Ifi Reporter - Dan Bielski

Israeli cyber company Armis Security today (Monday) officially announced the raising of $ 300 million, led by the Private Equity Fund One Equity Partners (OEP), in cooperation with existing...

Menora Mivtachim reports a total profit of NIS 578 million in the first nine months of 2021

Posted on Nov 29, 2021 by Ifi Reporter - Dan Bielski

Menora Mivtachim reports a total profit of NIS 578 million in the first nine months of 2021 - compared to NIS 285 million in the corresponding period in 2020. The return on capital, in annual...

From Sunday midnight: returnees from abroad need to use their private vehicles and not public transportation

Posted on Nov 28, 2021 by Ifi Reporter - Dan Bielski

The Department of Transportation has announced steps to curb the spread of the new variant of corona virus, Omicron. The measures, which will take effect tonight at midnight (Sunday), encourage...

Price of fuel in Israel will decrease about 20 agorot, to about NIS 6.42 per liter

Posted on Nov 27, 2021 by Ifi Reporter - Dan Bielski

According to estimates, the price of fuel in Israel will decrease by midnight between Tuesday and Wednesday by about 20 agorot, to about NIS 6.42 per liter of self-service octane 95 fuel. This is...

The Israeli fintech company Rapyd announces the completion of a $ 300 million E-fundraising round

Posted on Nov 27, 2021 by Ifi Reporter - Dan Bielski

The Israeli fintech company Rapyd announces the completion of a $ 300 million E-fundraising round led by Target Global. New investors are joining this round, including: Fidelity Management and...

"Omicron" - This is the name of the new African strain of corona that threatens the world

Posted on Nov 26, 2021 by Ifi Reporter - Dan Bielski

"Omicron" - This is the name of the new African strain of corona that threatens the world, according to the World Health Organization. Omicron is the 15th letter in the Greek alphabet....

First reduction in water tariffs after about 4 years: expected to fall in January 2022 by about 1.76%

Posted on Nov 26, 2021 by Ifi Reporter - Dan Bielski

First reduction in water tariffs after about 4 years: Water tariffs for households are expected to fall in January 2022 by about 1.76%, with according to the Water Authority the consumer will...

toiletries giant Sano is expected to raise prices considerably starting on December 1

Posted on Nov 26, 2021 by Ifi Reporter - Dan Bielski

Sano is expected to raise prices considerably. As you may recall, yesterday it was reported that the toiletries giant announced to the chains sharp price increases for its products starting on...

Dan Hotels reports revenues of NIS 321 million, an increase of 32%

Posted on Nov 26, 2021 by Ifi Reporter - Dan Bielski

Dan Hotels, which manages and operates a chain of hotels throughout the country, reports revenues of NIS 321 million, an increase of 32% compared to the same period last year, when revenues...

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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 →

Former NBA Star Omri Casspi Raises $250 Million for Third Venture Fund

Sep 4, 2026 by Ifi Reporter - Dan Bielski

Former NBA player Omri Casspi has raised $250 million for the third fund of his venture capital firm, Swish Ventures, marking another major milestone in his transition from professional basketball to the technology investment world. The new fund brings Swish Ventures' total assets... Continue reading →

Why AI Adoption on the Factory Floor Is Far More Complicated Than a Successful Demo

Aug 25, 2026 by Ifi Reporter - Dan Bielski

The integration of artificial intelligence (AI) has become a major priority for technology companies and startups. Yet when AI solutions move from development environments to the physical factory floor, the reality can be considerably more complex.... Continue reading →

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