News

Decrease in spending on credit cards due to the war between Hamas and Israel

Posted on May 14, 2021 by Ifi Reporter - Dan Bielski

Decrease in spending on credit cards. According to data from Automated Banking Services, the director of the national credit card payment system, there has been a 14% decrease in the volume of...

Civil Aviation Authority ordered a significant reduction in the number of domestic flights

Posted on May 14, 2021 by Ifi Reporter - Dan Bielski

Following the escalation in the situation, last night (Friday) the Civil Aviation Authority (RTA) ordered a significant reduction in the number of domestic flights - from Ben Gurion Airport to...

IAI earned $ 42 million in the first quarter of 2021

Posted on May 13, 2021 by Ifi Reporter - Dan Bielski

IAI earned $ 42 million in the first quarter of 2021, an increase of 24% compared to the same quarter in 2020, despite a sharp decline in the revenues of two of its divisions. IAI's revenues,...

Walmart buys the Israeli start-up company Zeekit

Posted on May 13, 2021 by Ifi Reporter - Dan Bielski

American retail giant Walmart buys the Israeli start-up company Zeekit, which specializes in fashion. The company has developed technology for virtual measurement of clothes through an app or...

Partner Group appointed Avi Zvi as the CEO

Posted on May 12, 2021 by Ifi Reporter - Dan Bielski

The board of directors of the Partner Group appointed Avi Zvi as the CEO of the Partner Group. Zvi has gained rich experience in the field of communications and served as the CEO of Network 13 for...

One Technologies posted record first-quarter results - Matrix revenues rose by 13.8% to NIS 1.1 billion

Posted on May 12, 2021 by Ifi Reporter - Dan Bielski

One Technologies posted record first-quarter results after completing its Taldor acquisition this February. Revenues for the quarter grew by 52% to NIS 657 million and net profit increased by 70%...

Tower surpassed analysts 'forecasts: earned $ 28 million, which is 26 cents a share

Posted on May 12, 2021 by Ifi Reporter - Dan Bielski

Analog chip maker Tower surpassed analysts 'forecasts for its revenue and met earnings forecasts for the first quarter of 2021 and released a significantly better forecast than analysts'...

End of the labor dispute in IAI: wage increase of 3.5%

Posted on May 12, 2021 by Ifi Reporter - Dan Bielski

End of the labor dispute in IAI: The workers will receive the wage increases they agreed with the company's management and in return agreed to accelerate negotiations on a new employment...

"A few days of fighting will not be a problem for the Israeli economy"

Posted on May 12, 2021 by Ifi Reporter - Dan Bielski

All the heads of divisions in the Ministry of Finance held a discussion today (Wednesday) with Finance Minister Israel Katz in order to formulate an initial estimate of the cost to the state...

Cisco acquires the Israeli start-up company Sedona

Posted on May 11, 2021 by Ifi Reporter - Dan Bielski

American information technology giant Cisco acquires the Israeli start-up company Sedona, which develops communications technologies. According to IVC, the Israeli company has raised about $ 20...

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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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