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

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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...

Bank of Israel announced that it has completed the purchase of the $ 30 billion it planned to purchase this year

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

The Bank of Israel  announced that it has completed the purchase of the $ 30 billion it planned to purchase this year. The Governor of the Bank of Israel, Amir Yaron, said that the bank is...

The employment rate among Arab women reached an all-time high of 40.3%

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

Employment in the Arab sector rose sharply in the third quarter after the opening of the economy and the cessation of unemployment benefit extensions. The employment rate among Arab women reached...

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BRICKSTONE Reports 16% Surge in Safe Deposit Box Rentals by Israelis Living in Western Europe

Oct 16, 2026 by Ifi Reporter - Dan Bielski

 BRICKSTONE, a company operating three private, high-security safe deposit facilities in Israel, has reported an approximately 16% increase over the past month in safe deposit box rentals by Israelis living in France, Germany, the United Kingdom and Belgium. The company attributes... Continue reading →

Finance Ministry Delay Threatens Entry of 50,000 Foreign Workers into Israel

Oct 16, 2026 by Ifi Reporter - Dan Bielski

A dispute over a NIS 10 million budget transfer from Israel’s Finance Ministry is reportedly holding up a government plan to increase the permitted share of foreign workers in the Israeli economy, potentially delaying the arrival of 50,000 additional workers across several key sectors.... Continue reading →

Shoofra Opens New Store at Israel’s Golden Mall, Investing NIS 1 Million

Oct 16, 2026 by Ifi Reporter - Dan Bielski

 Shoofra, the Israeli footwear retailer known for its colorful, original designs and distinctive shoe brands, has opened a new store on the newly inaugurated floor of Golden Mall in Rishon LeZion. The 170-square-meter store represents an investment of approximately NIS 1 million... Continue reading →

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