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

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Approved: A transfer from bank to bank at no cost within a maximum of 7 days

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

The Ministerial Committee on Legislation approved the bill of the Minister of Finance, Avigdor Lieberman, "to promote competition in banking", which will allow a transfer from bank to...

he director general of the Ministry of Health, Prof. Hezi Levy, announced his resignation

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

The director general of the Ministry of Health, Prof. Hezi Levy, announced his resignation today (Sunday). Levy, who was appointed to the position in June 2020 by former Minister Yuli Edelstein,...

Cellcom has raised prices on the high-speed Internet and charges for the router

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

The trend of rising prices for fiber optics continues: Cellcom has raised prices on the high-speed Internet and started to charge for a router: NIS 25 per month, compared to zero shekels so far....

Claroty the Israeli cyber security company has completed a $ 140 million funding

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

Claroty, the global Israeli company for industrial cyber security, has announced the completion of a $ 140 million round of funding, this is the largest investment round ever in an industrial...

Vaccinated parents who are staying with the children in isolation will receive payment from the employer

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

The Ministry of Finance has issued a memorandum of law extending the outline for "financing the absence of an employee due to a requirement for isolation", so that the arrangement will...

Innovid nnounced it has entered into a definitive merger agreement with ION Acquisition Corp 2

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

 Innovid, the world’s largest independent ad delivery and measurement platform for connected TV, today announced it has entered into a definitive merger agreement with ION Acquisition...

Denal reports a 21.57% acquisition of Aviv Scientific, for $ 22 million

Posted on Jun 23, 2021 by Ifi Reporter - Dan Bielski

The human resources, nursing and medical services company Denal reports a 21.57% acquisition of Aviv Scientific, for $ 22 million, at a value of $ 80 million, as well as a loan converted into...

Ministry of Communications imposed fines of NIS 1,021,570 on communications companies that exceeded response times

Posted on Jun 23, 2021 by Ifi Reporter - Dan Bielski

The Ministry of Communications imposed fines of NIS 1,021,570 on communications companies that exceeded response times at call centers. For the companies, these are small amounts. The highest...

David Ezra sells 50% of Neto food company at a value of NIS 1.2 billion

Posted on Jun 23, 2021 by Ifi Reporter - Dan Bielski

Three years after failing to sell control of Neto (57%) at a value of NIS 1.1 billion, David Ezra (71), the controlling owner of the sixth largest food company in Israel, is facing the sale of...

Israeli Transmit Security raised $ 543 million at a valuation of $ 2.2 billion

Posted on Jun 23, 2021 by Ifi Reporter - Dan Bielski

Transmit Security, which offers solutions for identifying users without a password and registration, has recruited the largest A-round ever for a cyber company in Israel. The company, ranked...

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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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