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

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Israel Railways moved from an operating profit of NIS 4.3 million to an operating loss of NIS 3.8 million

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

In the first quarter, Israel Railways moved from an operating profit of NIS 4.3 million to an operating loss of NIS 3.8 million. This loss is attributed primarily to the impact of the corona...

Again: A rise in fuel prices - sixth month in a row

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

Again a rise in fuel prices, this is the sixth month in a row: at midnight between Monday and Tuesday (31.5-1.6) the maximum price per liter of 95-octane gasoline without lead per consumer at the...

The Likud party was recently ordered to return loans at the amount of NIS 15.6 million to the Ministry of the Interior

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

The Likud party was recently ordered to return NIS 15.6 million to the Ministry of the Interior. This is due to excess advances given to the party in the local elections held in 2018, and to the...

Vertical Field will Provide Vertical Farms of Fresh Vegetables to Senior Living Homes in California

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

A global ag-tech company that develops vertical farming systems, has signed an agreement with Calson Management to supply assisted living homes with on-site vertical farming units. ...

Altshuler Shaham Investment House: net profit jumped 92% and amounted to At NIS 48.7 million

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

Two weeks after regulators approved the sale of Psagot to Altshuler Shaham Investment House, the provident company reports its financial results for the first quarter of 2021. Altshuler Shaham...

Phoenix Insurance Company concluded the first quarter of 2021 with a total profit of NIS 356 million

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

The market value of the Phoenix Insurance Company is already over NIS 8 billion, and the company continues to establish its status as the insurance company with the highest market value in...

Mekorot reports for the first quarter show a net profit of NIS 52 million

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

Mekorot published its financial reports for the first quarter of 2021, which show that water consumption has increased and at the same time there has been an increase in the company's...

Meitav Dash Investment House ended the first quarter of 2021 with a net profit of NIS 30 million

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

Meitav Dash Investment House ended the first quarter of 2021 with a net profit of NIS 30 million, compared to a net profit of NIS 13 million in the corresponding quarter in 2020 - an increase of...

Isracard: profit of NIS 74 million in the first quarter of 2021

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

A sharp increase in the profits of the credit card company Isracard due to the recovery in the economy, and despite the closures in part of the reporting period. The company recorded a profit of...

International Bank also provides successful first quarter results: earned NIS 287 million

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

Like other banks, the International Bank also provides successful first quarter results. The bank, managed by Smadar Barber Tzadik, earned NIS 287 million in the first quarter, a growth of 68%...

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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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