News

Delek Group net loss in 2020 as a whole amounted to NIS 1.87 billion

Posted on Mar 31, 2021 by Ifi Reporter

Delek Group, controlled by Yitzhak Tshuva, published its financial reports for the fourth quarter and the entire 2020. The company's reports show that it ended the fourth quarter of 2020 with...

Expenditure in food chains ahead of Passover this year was lower than in 2020

Posted on Mar 31, 2021 by Ifi Reporter

Expenditure in food chains ahead of Passover this year was, as expected, lower than in 2020, but higher than in 2019. This is according to Sterncast data. The data is based on about 2,600 national...

Increase in fuel prices for the fifth month in a row: will increase to NIS 6.04 per lite

Posted on Mar 30, 2021 by Ifi Reporter

Again an increase in fuel prices, for the fifth month in a row: at midnight between Wednesday and Thursday (31.03.2021-4.4.2021) the maximum price per liter of unleaded 95 octane gasoline per...

Bezeq recently demanded current and former executives at its subsidiary Bezeq International a refund of some of the bonuses

Posted on Mar 30, 2021 by Ifi Reporter

Bezeq recently approached current and former executives at its subsidiary Bezeq International, demanding a refund of some of the bonuses given to them. This follows the unexplained balances case...

Afcon Holdings has acquired a solar project in Poland

Posted on Mar 29, 2021 by Ifi Reporter

Afcon Holdings has acquired a solar project in Poland. The project has a total capacity of 40 megawatts. The initiation fee will be paid to the seller in three milestones. The company expects...

The French Ambassador to Israel and an economic delegation visited the L'Oreal factory in Migdal Haemek

Posted on Mar 29, 2021 by Ifi Reporter

The French Ambassador to Israel, Eric Danon, his wife Marie Christine, and the French economic delegation visited the L'Oreal factory in Migdal Haemek. The delegation met with Mr. Gad Proper...

two and a half years after Libra's launch, the insurance company is reporting a profit

Posted on Mar 29, 2021 by Ifi Reporter

About two and a half years after Libra's launch, the insurance company is reporting a profit. The company's financial report shows that in 2020 Libra's total profit before tax amounted...

Hamat Group reported on Thursday a 420% jump in net profit in 2020: NIS 51 million

Posted on Mar 29, 2021 by Ifi Reporter

The Hamat Group reported on Thursday a 420% jump in net profit in 2020, to NIS 51 million, compared with NIS 9.8 million in 2019. Hamat shares responded today with a jump of 12%. Revenues in 2020...

Castro fashion reports revenues of NIS 282 million in the fourth quarter - a decrease of 40%

Posted on Mar 24, 2021 by Ifi Reporter

The Castro fashion company reports revenues of NIS 282 million in the fourth quarter, compared to revenues of NIS 471 million in the corresponding quarter last year - a decrease of 40%. Operating...

Fox reported revenues of about NIS 3 billion in 2020 and a profit of NIS 409 million

Posted on Mar 24, 2021 by Ifi Reporter

Fox reported revenues of about NIS 3 billion in 2020, a decrease of about 7.4% compared to last year. Operating profit in 2020 amounted to NIS 409 million, compared with NIS 349 million last year....

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Electra Group Secures Lucrative Contract for JFK Airport Terminal 1 Lighting System Construction

May 3, 2024 by Ifi Reporter

Expanding its foothold in the United States, Electra Group has announced a significant milestone as its subsidiary, Gilston (51% owned), clinched a subcontracting deal for the construction of the lighting system in the forthcoming Terminal 1 at JFK Airport in New York. The lucrative contract,... Continue reading →

United Airlines Extends Flight Suspension to Israel Amidst Ongoing Security Concerns

May 1, 2024 by Ifi Reporter

United Airlines has announced an extension of its flight suspension to Israel following the recent missile and drone attack by Iran. The American carrier, which initially halted its operations in Israel until May 2, will now refrain from resuming flights until at least May 9, citing ongoing... Continue reading →

Israeli Mortgage Market Sees Average Decrease in March Despite Recovery in Activity

Apr 30, 2024 by Ifi Reporter

March saw a surprising turn in the Israeli mortgage market, with the average mortgage amount decreasing significantly despite a reported recovery in market activity. Data released by the Bank of Israel indicates a notable decline in the average mortgage compared to previous months, marking the... Continue reading →


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