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

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Former U.S. President Joe Biden Diagnosed with Aggressive Prostate Cancer

Posted on May 18, 2025 by Ifi Reporter - Dan Bielski

Former U. S. President Joe Biden , 82, has been diagnosed with an aggressive form of prostate cancer that has metastasized to the bones ,...

Ashkelon Defense Firm Reports 7% Rise in Q1 Profit Amid Soaring Military Demand

Posted on May 18, 2025 by Ifi Reporter - Dan Bielski

Ashkelon Industries, a key Israeli defense manufacturer controlled by the FIMI Opportunity Fund ( 84%) , reported a 7% increase in net profit for...

Hadas Water Company Launches Spirit-Plus: A Smart Water Bar with Shabbat-Compatible Features

Posted on May 15, 2025 by Ifi Reporter - Dan Bielski

Hadas Water Company, a leader in the Israeli market for purified water systems, has unveiled its latest innovation: the Spirit- Plus water bar....

Brickstone Offers 77% Discount on Safes for Jerusalem Day: New Robotic Safe Deposit Box Complex Set to Launch in Q2 2025

Posted on May 15, 2025 by Ifi Reporter - Dan Bielski

In celebration of Jerusalem Day, which falls on May 25, Brixton CEO Attorney Dvir Indig announced a limited- time offer: Jerusalem residents will...

YALE Launches Smart Home Security Solutions Ahead of Summer Burglary Surge

Posted on May 15, 2025 by Ifi Reporter - Dan Bielski

As the summer season approaches, so does an estimated 30% rise in home burglaries . In response, leading home security brand YALE is unveiling...

Cal Reports Record Q1 Profit Amid Surge in Overseas Transactions and Card Usage

Posted on May 14, 2025 by Ifi Reporter - Dan Bielski

Credit card company Cal concluded the first quarter of 2025 with its highest- ever quarterly net profit , driven by a strong recovery in...

International Bank Reports Q1 2025 Results: Net Profit Down 6.8% Amid Higher Tax Burden

Posted on May 14, 2025 by Ifi Reporter - Dan Bielski

The International Bank became the first Israeli bank to publish its financial results for the first quarter of 2025, reporting a net profit of...

IDF Soldier Killed in Golan Heights Car Accident During Operational Activity

Posted on May 1, 2025 by Ifi Reporter - Dan Bielski

The Israel Defense Forces (IDF) announced today that Sergeant Niv Dayag, 19, a soldier in the 890th Battalion of the Paratroopers Brigade, was killed in a car accident during an operational...

Education Minister Yoav Kish Blocks Israel Prize for Sociology Award to Prof. Eva Illoz

Posted on Mar 24, 2025 by Ifi Reporter - Dan Bielski

Education Minister Yoav Kish has refused to award the prestigious Israel Prize for Sociology to Professor Eva Illoz, as determined by the prize committee, due to her involvement in a 2021 case...

Fuel Prices Set to Rise in April: 95 Octane Gasoline to Reach 7.31 Shekels per Liter

Posted on Mar 23, 2025 by Ifi Reporter - Dan Bielski

Starting at midnight tomorrow, Israeli drivers will face a rise in fuel prices as the Ministry of Energy and Infrastructure announces an 8-agorot increase in the cost...

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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 →

New Jersey Alleges $122 Million Fraud by El Al Controlling Shareholder in U.S. Nursing Homes

Dec 11, 2025 by Ifi Reporter - Dan Bielski

A report by the New Jersey State Comptroller has accused Kenny Rosenberg , the controlling shareholder of El Al Airlines (48%) , and his business partner Darryl Hagler of orchestrating a large-scale fraud scheme involving nursing homes under their ownership in the United States. The... Continue reading →

Israel Mandates Solar Panels on New Homes in Landmark Renewable Energy Reform

Dec 11, 2025 by Ifi Reporter - Dan Bielski

Israel is set to implement one of its most significant renewable energy reforms to date, as a new Ministry of Energy regulation will require solar energy systems on the roofs of all newly built homes with roof areas exceeding 100 square meters. The regulation comes into force on December 12,... Continue reading →

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