News

Solaredge Shares Plunge 22% After Major Revenue Drop and Leadership Changes

Posted on Nov 7, 2024 by Ifi Reporter - Dan Bielski

Shares of Solaredge Technologies Inc. plunged 22% in after-hours trading following the release of disappointing third-quarter results, which included a massive revenue decline and a significant...

Bezeq Gen Signs $1.2 Billion Agreement with Prime Energy: Long-Term Deal to Supply Electricity from Storage and Solar Facilities

Posted on Nov 3, 2024 by Ifi Reporter - Dan Bielski

Bezeq Gen, the private electricity supplier owned by Bezeq and Power Gen, has signed a significant agreement with Prime Energy, controlled by Yaron Kikoz and Hav AL. The deal, valued at...

Teva Pharmaceutical Fined €463 Million by EU for Market Manipulation: Company Accused of Delaying Generic Competition for Copaxone

Posted on Nov 1, 2024 by Ifi Reporter - Dan Bielski

The European Union's competition authority has imposed a hefty fine of €463 million ($503 million) on Teva Pharmaceuticals. The decision comes after findings that Teva...

Israeli lecturer Prof. Shay Davidei from Columbia University has been temporarily banned from campus

Posted on Oct 16, 2024 by Ifi Reporter - Dan Bielski

Israeli lecturer Prof. Shay Davidei, from Columbia University's School of Business Administration, has been temporarily banned from campus following...

Tus Airways Expands Routes in Israel Ahead of Sukkot: New Flights to Europe and Central Asia

Posted on Oct 15, 2024 by Ifi Reporter - Dan Bielski

Tus Airways, the Cypriot airline, has announced an expansion of its flight routes in Israel in anticipation of the upcoming Sukkot holiday. Starting today, the airline will introduce...

Israel Railways Announces Year-Long Train Service Reductions for Electrification Works

Posted on Oct 15, 2024 by Ifi Reporter - Dan Bielski

Israel Railways has announced a series of train service reductions starting October 27, affecting several stations in southern Israel and the north, as part of ongoing...

Tragic Loss: Sergeant Itai Fogel has been Killed in Southern Gaza

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

Sergeant Itai Fogel, a 22-year-old tank commander in the 46th Battalion, was killed in action in the southern Gaza Strip. Itai's passing marks a heartbreaking loss for his family and...

European Aviation Safety Agency Eases Flight Restrictions Over Israeli Airspace

Posted on Oct 9, 2024 by Ifi Reporter - Dan Bielski

The European Aviation Safety Agency (EASA) has revised its earlier recommendation from September, which advised airlines against operating in Israeli airspace. In a new directive released on...

Bank of Israel's Foreign Currency Reserves Hit Record High Amid Global Market Revaluation: Reserves Climb to $220.37 Billion

Posted on Oct 8, 2024 by Ifi Reporter - Dan Bielski

At the end of September, the portfolio of foreign currency balances at the Bank of Israel continued to increase in value to a record level of $220.37 billion. The increase in value is due to a...

Benny Landa's laboratory diamond company, Lusix, will be sold for only NIS 9.5 million

Posted on Sep 29, 2024 by Ifi Reporter - Dan Bielski

Benny Landa's laboratory diamond company, Lusix, will be sold for only NIS 9.5 million (approximately $2.5 million) to the Japanese investor Panoji Fujimori, owner of the public EDP company...

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