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

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Bank of Israel intervened in foreign exchange trading on Thursday, causing the dollar to rise

Posted on Sep 3, 2021 by Ifi Reporter - Dan Bielski

Just before the dollar exchange rate crossed the NIS 3.20 threshold for the first time since mid-January, the Bank of Israel intervened in foreign exchange trading on Thursday, causing the dollar...

Tel Aviv Stock Exchange sums up the past year: 94 new companies were issued in an initial public offering

Posted on Sep 1, 2021 by Ifi Reporter - Dan Bielski

The Tel Aviv Stock Exchange sums up the past year ahead of Rosh Hashanah next week with a flood of technology and optimism issues mixed with fears of the development of the corona plague -...

OwnBackup, a developer of a leading cloud data protection platform acquires american RevCult

Posted on Sep 1, 2021 by Ifi Reporter - Dan Bielski

OwnBackup, a developer of a leading cloud data protection platform, announces the acquisition of RevCult, a software company that provides security solutions for the California-based Salesforce...

Playtica acquires the Finnish company Reworks for about $ 600 million

Posted on Sep 1, 2021 by Ifi Reporter - Dan Bielski

The gaming company Mobile Playtica has announced the acquisition of the Finnish Home Design company Reworks for about $ 600 million. Through the acquisition, the company is expected to leverage...

Elco Group: Revenues increased by 36% to NIS 3.49 billions

Posted on Sep 1, 2021 by Ifi Reporter - Dan Bielski

The Elco Group today published the financial statements for the second quarter and the first half of 2021. Main results for this quarter: Revenue: Revenue increased by 36% to NIS 3.49 billion,...

Entry by private car in the morning to most cities in the center of the country Entry by private car in the morning to most cities in the center of th

Posted on Aug 31, 2021 by Ifi Reporter - Dan Bielski

Entry by private car in the morning to most cities in the center of the country - including Rishon Lezion, Herzliya, Petah Tikva and Or Yehuda - and departure in the afternoon, will result in...

The US dollar weakened against the Shekel - fell to NIS 3.11

Posted on Aug 31, 2021 by Ifi Reporter - Dan Bielski

The US dollar weakened today (Tuesday) in foreign currency trading until it kissed a rate of NIS 3.20, the lowest since January this year. Then the Bank of Israel announced, when the dollar fell...

Israeli DSPG is sold to Synaptics for $ 538 million at a share price of $ 22

Posted on Aug 30, 2021 by Ifi Reporter - Dan Bielski

The Israeli company DSPG, which is engaged in chip development, is sold to Synaptics for $ 538 million. The deal was executed at a share price of $ 22, a premium of 18% over the share price at...

Prime Minister Naftali Bennett decided to open the school year on September 1 in most parts of the country

Posted on Aug 30, 2021 by Ifi Reporter - Dan Bielski

Prime Minister Naftali Bennett has announced that he has decided to open the school year on September 1 in most parts of the country, with some adjustments in the outline for the renewal of the...

Fox Group,: record revenues in Q2 of NIS 995.9 million - Increase of 57.3%

Posted on Aug 30, 2021 by Ifi Reporter - Dan Bielski

The Fox Group, controlled by Harel Wiesel, publishes the second quarter reports for 2021, which show record profits for the group, which generated almost NIS 1 billion in this quarter. The...

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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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