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

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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...

* 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...

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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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