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

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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...

Those returning to Israel who are not vaccinated or recovering are likely to be required to electronically monitor their home isolation

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

Those returning to Israel who are not vaccinated or recovering are likely to be required to electronically monitor their home isolation. This is after the Knesset approved the bill on second and...

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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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