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

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* General strike announced in Pelephone and Bezeq International *:

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

* General strike announced in Pelephone and Bezeq International *: Following the explosion of negotiations and what is defined by the workers' committee: "Alpha management's attempt...

15.2% increase in total credit card purchases by private consumers in May-July 2021

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

The Central Bureau of Statistics published data on credit card purchases by private consumers in May-July 2021 and revealed that there was a 15.2% increase in total credit card purchases. In...

Intention: grants paid to athletes by the Israel Olympic Committee for winning a medal at the Olympic or Paralympic Games will be tax-free

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

The Minister of Finance, Avigdor Lieberman, issued a memorandum amending the Income Tax Ordinance, according to which the grants paid to athletes by the Israel Olympic Committee for winning a...

Policy change of entering Israel from abroad, and granting an exemption from isolation led to an increase in traveling abroad

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

Policy change by senior Ministry of Health officials of entering Israel from abroad, and granting an exemption from isolation for the third-degree vaccinated returning from orange countries, has...

Hamashbir: Sales in the second quarter grew by 83% to NIS 220 million

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

Hamashbir reports good but exceptional reports for the quarter, but it is not certain that the results for the quarter justify the value at which the company is traded (NIS 314.7 million)....

Delek Group net profit in the first half of 2021 jumped to about NIS 581 million

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

Delek Group published its financial statements for the second quarter of 2021, which show that the net profit in the first half of 2021 jumped to about NIS 581 million, compared with a loss of...

The Histadrut has declared a labor dispute in the religious councils

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

The Histadrut has declared a labor dispute in the religious councils, against the background of the mass layoffs expected as part of the reform of the kashrut system. This is about 4,000...

Dr. Tal Zacks, who serves as the medical director of Moderna will join the board of Teva Pharmaceuticals

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

One of the well-known figures in the field of corona vaccines, Dr. Tal Zacks, who serves as the medical director of Moderna, the pioneer of the vaccine against the virus, who recently announced...

Isracard is allowed to market savings policies and investment provident funds

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

Isracard has received approval from the Capital Market Authority to market savings policies and investment provident funds. This is an extension of the existing credit card company's license...

A man was arrested on suspicion of concealing income of more than NIS 11 million generated from virtual currency

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

A Jerusalem resident was arrested on suspicion of concealing income of more than NIS 11 million allegedly generated from virtual currency exchange transactions. According to the suspicion, he did...

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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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