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

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IDF Deputy Chief of Staff Major General Amir Baram to Step Down at End of January

Posted on Jan 10, 2025 by Ifi Reporter - Dan Bielski

General Amir Baram, the Deputy Chief of Staff of the Israel Defense Forces (IDF), has announced his intention to step down from his position at the end of next month. In a letter addressed to...

Nagel Committee Proposes Major Defense Budget Increase: NIS 9-15 Billion Annually to Strengthen Military Capacity

Posted on Jan 7, 2025 by Ifi Reporter - Dan Bielski

The Committee to Examine the Defense Budget and Force Building (Nagel Committee) has presented its long-awaited recommendations to Prime Minister Benjamin Netanyahu, Defense Minister Israel...

Wysotsky Announces Price Increases Across Multiple Product Lines Amid Rising Costs

Posted on Jan 5, 2025 by Ifi Reporter - Dan Bielski

The Wysotsky company, a dominant player in Israel’s tea market, has announced price hikes across several of its product categories, citing rising input costs and other economic pressures....

Bar Association Releases December 2024 Law Certification Exam Results: Pass Rate Drops to 32%

Posted on Jan 5, 2025 by Ifi Reporter - Dan Bielski

The Bar Association has published the results of the December 2024 law certification exam, revealing a significant drop in the pass rate compared to...

Israel to Shift Stock Market Trading Days to Monday-Friday, Ending Sunday-Thursday Schedule

Posted on Dec 30, 2024 by Ifi Reporter - Dan Bielski

Israel is set to transition its stock market trading days from the current Sunday-Thursday schedule to a Monday-Friday format, in a move designed to...

IAI Reports Record Backlog Surge in Profits and Impressive Growth in Q3 2024

Posted on Dec 20, 2024 by Ifi Reporter - Dan Bielski

Israel Aerospace Industries (IAI) has released its third-quarter financial results for 2024, showcasing robust growth across key metrics. The company reported a record backlog of $25 billion, a...

Partner Communications Launches New Retail Division to Boost Growth

Posted on Dec 18, 2024 by Ifi Reporter - Dan Bielski

Partner Communications Group announced yesterday the establishment of a new retail division to enhance the company’s retail and store operations. The division, which combines trade and...

Ad 120 Acquires Gil Paz Assisted Living Facility for NIS 126 Million - Strengthening Its Position in the Sharon Region

Posted on Dec 17, 2024 by Ifi Reporter - Dan Bielski

Ad 120, a leading chain of assisted living facilities, has announced the acquisition of the Gil Paz Home in Kfar Saba for NIS 126 million. The deal, which marks the first acquisition for Ad 120,...

Fortinet announced the completion of the acquisition of Israeli cyber company Perception Point

Posted on Dec 11, 2024 by Ifi Reporter - Dan Bielski

information security giant Fortinet announced the completion of the acquisition of Israeli cyber company Perception Point. The scope of the deal was not disclosed. Fortinet is traded on the...

Nokia Acquires Rapid API in a Move to Strengthen Developer Platform Offerings

Posted on Nov 13, 2024 by Ifi Reporter - Dan Bielski

Nokia has announced the acquisition of Rapid API, a startup that developed a platform designed to streamline the integration of applications and interfaces for developers. Rapid API was founded...

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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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