News

Israeli Trax, which provides analytics and computer vision solutions raised $ 640 million

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

The Israeli company Trax, which provides analytics and computer vision solutions to the retail industry, announced that it has completed a $ 640 million pocket in the fifth round (Round E), led by...

A new record in the Bank of Israel's foreign exchange reserves: $ 185.690 billion

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

A new record in the Bank of Israel's foreign exchange reserves, after the Central Bank purchased another two billion dollars during March, as part of its efforts to prevent a renewed decline...

The Ministry of Communications announced its intention to impose a financial sanction on the company in the total amount of NIS 1.1 million

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

The Ministry of Communications announced today (Wednesday) its intention to impose a financial sanction on the company in the total amount of NIS 1.1 million, due to "serious violations that...

Formula has signed a deal to acquire Zap and will pay NIS 240 million in cash

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

Formula Group has signed a deal to acquire Zap. Formula will pay NIS 240 million in cash and an additional NIS 60 million, subject to Zap meeting its profit targets. For Zehavit Cohen, director...

HOT will start selling consumers very fast Internet for NIS 149 per month

Posted on Apr 5, 2021 by Ifi Reporter - Dan Bielski

HOT will start selling consumers very fast Internet without a promissing price tag: the company has revealed the prices of its fiber-optic infrastructure - for the Internet with a download speed...

Itzik Benvenisti, CEO of the Partner after 6 years in that position

Posted on Apr 5, 2021 by Ifi Reporter - Dan Bielski

Itzik Benvenisti, CEO of the Partner Group, informed the Company's Board of Directors of his intention to retire after 6 years in that position. Benvenisti took over as CEO in June 2015, at a...

Shirbit's financial report published on Sunday reveals the severity of the damage caused by the cyber breach

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

Insurance company Shirbit's financial report published on Sunday reveals the severity of the damage caused by the cyber breach to the company. NIS 26 million in 2019. The impact on...

Facebook is expected to establish a development center in the field of chips in Israel

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

Facebook is expected to establish a development center in the field of chips in Israel, which will focus on the processing and storage areas for the company's server centers (data centers)....

Aluma Infrastructure Fund purchased about 40% of Tamers Telecom, for about NIS 100 million

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

The Aluma Infrastructure Fund, established by Uri Yogev, together with the Ayalon insurance company, purchased about 40% of Tamers Telecom, for about NIS 100 million. This beam has a third deal...

CamTech has reported ןא received $ 20 million in orders in recent weeks

Posted on Apr 1, 2021 by Ifi Reporter - Dan Bielski

CamTech has reportedly received $ 20 million in orders in recent weeks for the systems it manufactures, for testing and measuring chips, from a number of customers engaged in the production of...

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Newsline

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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