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

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Maxine Fesberg as chairman of Netivei Ayalon was approved by the Public Service Appointments Committee

Posted on Nov 9, 2021 by Ifi Reporter - Dan Bielski

The appointment of Maxine Fesberg as chairman of Netivei Ayalon was approved this evening by the Public Service Appointments Committee headed by Judge Bilha Gilour. Fesberg is the candidate of...

Elbit Systems has won a $ 100 million contract from Babcock, a British Navy supplier

Posted on Nov 9, 2021 by Ifi Reporter - Dan Bielski

Elbit Systems has won a $ 100 million contract from Babcock, a British Navy supplier with new electronic warfare capabilities, as part of the first Maritime Electronic Warfare Integrated...

Dollar is worth NIS 3.1030 - Bank of Israel intervened in trading

Posted on Nov 8, 2021 by Ifi Reporter - Dan Bielski

The strengthening trend of the shekel continues: even on Monday. The major foreign currencies have lost their value against the shekel. The representative exchange rate of the dollar is NIS...

American startup "DeepCure" completed a $ 40 million round of funding and intends to establish a laboratory in Israel

Posted on Nov 8, 2021 by Ifi Reporter - Dan Bielski

DeepCure, a company that specializes in discovering and developing drugs using artificial intelligence (AI), has announced the completion of a $ 40 million round of funding, led by biotech fund...

Tower, the maker of analog chips, surpasses its revenue and earnings forecast: $ 39 million

Posted on Nov 8, 2021 by Ifi Reporter - Dan Bielski

Tower, the maker of analog chips, surpasses its revenue and earnings forecast for the third quarter of 2021 and provides a better-than-average forecast for analysts' forecasts for the fourth...

Tax Authority: In October 2021 imports amounted to 17,500 private cars - an increase of 47.2%

Posted on Nov 8, 2021 by Ifi Reporter - Dan Bielski

The Tax Authority published the data on imports of durable goods in October 2021 and HaMoked revealed that imports amounted to 17,500 private cars compared to 11,891 in October 2020, an increase...

Israelis' daily spending on credit cards increased by 10.1% last October

Posted on Nov 8, 2021 by Ifi Reporter - Dan Bielski

sraelis continue to spend: Israelis' daily spending on credit cards increased by 10.1% last October compared to September, and amounted to NIS 1.136 billion. Total expenditures in October...

Isracard reported a planned investment of $ 15 million in the new fund Monte Capital 2.

Posted on Nov 8, 2021 by Ifi Reporter - Dan Bielski

The credit card company Isracard continues to look for new growth engines, after being separated from Bank Hapoalim. On Monday, the company reported a planned investment of $ 15 million...

The Israeli fintech company HoneyBook raised $ 250 million in Round E

Posted on Nov 7, 2021 by Ifi Reporter - Dan Bielski

The Israeli fintech company HoneyBook raised $ 250 million in Round E, led by Tiger Global Management. The company, which was founded by the couple Oz and Naama Alon together with Dror Shimoni,...

Government approved: 500 Palestinian workers will be allowed in the Israeli high-tech industry.

Posted on Nov 7, 2021 by Ifi Reporter - Dan Bielski

The Israeli government has approved the absorption of 500 Palestinian workers in the high-tech industry. The decision will be implemented gradually: 200 Palestinian workers will join the industry...

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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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