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

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Migdal Insurance Company concludes 2020 with a profit of NIS 540 million

Posted on Mar 22, 2021 by Ifi Reporter - Dan Bielski

Migdal Insurance Company concludes 2020 with a profit of NIS 540 million, compared to NIS 640 million in 2019 - a decrease of 15.6%. The company's profit in the fourth quarter of 2020 jumped...

Tamar Petroleum shows significant decrease in net profit in 2020: $ 88 million

Posted on Mar 21, 2021 by Ifi Reporter - Dan Bielski

Tamar Petroleum, which holds 16.75% of the rights in the Tamar gas reservoir, published its financial statements for 2020, and showed a significant decrease in revenues and net profit compared to...

Harel Group reports a 26% decline in profit in 2020: NIS 834 million

Posted on Mar 21, 2021 by Ifi Reporter - Dan Bielski

 Harel Group reports a 26% decline in total profit, while real estate revaluations have a heavy impact on profitability. The annual profit was NIS 834 million, compared to NIS 978 million in...

Clal Insurance sells its holding in Alrov Real Estate to Canada Israel for about NIS 400 million

Posted on Mar 20, 2021 by Ifi Reporter - Dan Bielski

Clal Insurance sells its holding in Alrov Real Estate to Canada Israel for about NIS 400 million. Clal owns 12.6% of Alrov Real Estate, which is traded on the stock exchange at a value of NIS 2.9...

For the first time IBM International is honoring an Israeli as a leading women in the field of artificial intelligence

Posted on Mar 18, 2021 by Ifi Reporter - Dan Bielski

For the third year in a row, IBM International Computing Corporation is honoring leading women in the field of artificial intelligence. The list includes 40 women from around the world, who have...

IEC presents: profit of 1.7 billion $

Posted on Mar 18, 2021 by Ifi Reporter - Dan Bielski

The IEC published its financial results for 2020 this evening (Thursday), which show that it ended the year with a profit of about NIS 1.7 billion, compared with NIS 1.81 billion in 2019, ie a...

The Israeli auto-tech industry registers another major merger: Spock merges Industrial Tech Acquisitions

Posted on Mar 18, 2021 by Ifi Reporter - Dan Bielski

The Israeli auto-tech industry registers another major merger with American Spock ahead of IPO: NASA Robotics, which develops radar for the automotive industry, has signed the US Spock merger...

Sonol enters the world of urban supermarkets: Acquires the City Market chain

Posted on Mar 18, 2021 by Ifi Reporter - Dan Bielski

Sonol enters the world of urban supermarkets: Acquires the City Market chain in a deal valued at NIS 35 million. The chain currently has seven branches in the cities of Tel Aviv and Ramat Gan,...

Assistance to El Al: The Ministry of Finance will transfer an advance of $ 210 million

Posted on Mar 17, 2021 by Ifi Reporter - Dan Bielski

The Ministry of Finance has summarized the details of the assistance to El Al: According to the agreement to be signed tomorrow (Thursday), the Ministry of Finance will transfer an advance of $...

Isracard net profit for 2020 amounted to NIS 93 million - sharp decrease compared to NIS 244 million in 2019

Posted on Mar 17, 2021 by Ifi Reporter - Dan Bielski

The credit company Isracard published the financial statements for 2020. The report shows that the turnover of credit card transactions for 2020 amounted to NIS 158.6 billion, a slight decrease...

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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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