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

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Interior Minister Aryeh Deri decided to cancel the decision to merge Tel Aviv and Bat-Yam

Posted on Jun 8, 2021 by Ifi Reporter - Dan Bielski

Interior Minister Aryeh Deri informed Tel Aviv Mayor Ron Huldai and Bat Yam Mayor Zvika Brut that he had decided to cancel his 2017 decision to merge the two authorities into one municipal...

Intention: Partner will be fined by NIS 414,600 on suspicion of misleading consumers

Posted on Jun 7, 2021 by Ifi Reporter - Dan Bielski

The Consumer Protection and Fair Trade Authority announced today (Monday) to Partner that it intends to fine it NIS 414,600, on suspicion of misleading consumers. The PA investigation began...

ormer Health Minister Yaakov Litzman's aide, Moti Babchik was arrested on suspicion of bribery

Posted on Jun 6, 2021 by Ifi Reporter - Dan Bielski

Four people, including former Health Minister Yaakov Litzman's aide, Moti Babchik, were arrested on suspicion of bribery, fraud and breach of trust. Other detainees in the corruption case,...

Notal Vision has begun a fourth round of funding in the amount of $ 60 million

Posted on Jun 6, 2021 by Ifi Reporter - Dan Bielski

Notal Vision, a company that develops and provides early detection and home monitoring services for retinal diseases, has begun a fourth round of funding in the amount of $ 60 million. It is...

Teva: 28 million settlement agreement in three derivative proceedings filed against the company and it's officers

Posted on Jun 6, 2021 by Ifi Reporter - Dan Bielski

Economic Judge Ruth Ronen approved a $ 28 million settlement agreement in three derivative proceedings filed against Teva and its officers. The main lawsuit dealt with claims for damages to the...

Ministry of Health will recommend abolishing the obligation to wear masks indoors on June 15

Posted on Jun 6, 2021 by Ifi Reporter - Dan Bielski

Health Minister Yuli Edelstein has announced that the Ministry of Health will recommend abolishing the obligation to wear masks indoors on June 15. "After a consultation with senior...

BDO: Electric vehicle sales in Israel will double this year to 19,000

Posted on Jun 6, 2021 by Ifi Reporter - Dan Bielski

Electric vehicle sales in Israel will double this year to 19,000, BDO chief economist Chen Herzog predicts in a report reviewing their penetration into Israel, the forecast for the coming years...

Israeli startup Gong raised $ 250 million in round E

Posted on Jun 6, 2021 by Ifi Reporter - Dan Bielski

Gong, a business intelligence platform for salespeople that leverages artificial intelligence technologies to upgrade the capabilities of sales teams, raised $ 250 million in round E led by...

Poor Exit: ScaleMP was recently sold to SAP for a small amount and much lower than invested in

Posted on Jun 4, 2021 by Ifi Reporter - Dan Bielski

The startup company ScaleMP was recently sold to SAP for a small amount and much lower than what has been invested in it so far. This is a failure of a start-up company that aimed for much higher...

Elbit Systems has won a $ 80 million contract from an Asia-Pacific state

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

Elbit Systems has won a $ 80 million contract from an Asia-Pacific state to supply SPECTRO XR multifectral electro-optical systems for naval forces. Elbit Systems won the deal after winning a...

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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 →

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 →

SACHEK NA Introduces New 3D Plastic Puzzle Collection Featuring Iconic Cars

Aug 25, 2026 by Ifi Reporter - Dan Bielski

Israeli toy and puzzle company SACHEK NA, owned by Meir Klughaft and Yossi Bar-On, is introducing a new collection of 3D plastic vehicle puzzles, combining traditional puzzle assembly with three-dimensional model building. From Porsche and Ferrari to the Harry Potter Bus The new... Continue reading →

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