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

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approved: Phoenix's to purchase the investment house The board of directors of Hellman Aldubi for NIS 275 million

Posted on Dec 9, 2020 by Ifi Reporter - Dan Bielski

The board of directors of Hellman Aldubi decided yesterday to approve Phoenix's offer to purchase the investment house for NIS 275 million. Following the acquisition, Hellman Aldubi will be...

1,719 people have been diagnosed with Corona in the past day - infection rate 2.5%

Posted on Dec 9, 2020 by Ifi Reporter - Dan Bielski

The Ministry of Health updated this morning (Wednesday) that 1,719 people have been diagnosed with Corona in the past day. This increased the number of verified infections in Israel to 348,968....

The Israeli cyber company Salt Security raises $ 30 million

Posted on Dec 8, 2020 by Ifi Reporter - Dan Bielski

The cyber company Salt Security raises $ 30 million in Round B, led by the American Sequoia Capital Fund. Existing investors Tenaya Capital, S Capital, Y Combinator also participated in the round....

More than 200 Israeli entrepreneurs visit United Arab Emirates

Posted on Dec 8, 2020 by Ifi Reporter - Dan Bielski

More than 200 Israeli entrepreneurs, businessmen and owners of Israeli companies set out today, on the third day of the official business conference between Israel and the United Arab Emirates, to...

Ministry of Economy is expanding the possibility of importing alcoholic beverages in parallel imports

Posted on Dec 8, 2020 by Ifi Reporter - Dan Bielski

The Ministry of Economy is expanding the possibility of importing alcoholic beverages in parallel imports, as part of a comprehensive and significant move to reduce the cost of living and enable...

Bank of Israel purchased in November was NIS 1.8 billion

Posted on Dec 7, 2020 by Ifi Reporter - Dan Bielski

The Bank of Israel's foreign exchange reserves reached a new high of almost $ 167 billion at the end of November, according to a report by the Bank. This is an increase of about NIS 6 billion...

Betar Jerusalem football team will be jointly owned by Moshe Hogrg and Sheikh Ben Khalifa of Dubai

Posted on Dec 7, 2020 by Ifi Reporter - Dan Bielski

The Betar Jerusalem football team will be jointly owned by Moshe Hogeg and Sheikh Hemed Ben Khalifa of Dubai. The Sheikh has agreed to invest more than NIS 300 million for the team in the next...

The Ministers of Finance and Housing agreed: outline for housing at a reduced price

Posted on Dec 6, 2020 by Ifi Reporter - Dan Bielski

The Ministers of Finance and Housing agreed on Sunday evening on an outline for "housing at a reduced price." Their agreement will allow the start of marketing in the new method, as...

Bank of Israel intervened significantly during the trading day in the foreign exchange market

Posted on Dec 3, 2020 by Ifi Reporter - Dan Bielski

The Bank of Israel intervened significantly during the trading day in the foreign exchange market, in order to stop the deterioration in the dollar exchange rate against the shekel. During the...

Court ordered a resident of Ashkelon to compensate journalist Guy Peleg with NIS 568,000

Posted on Dec 2, 2020 by Ifi Reporter - Dan Bielski

The Tel Aviv Magistrate's Court ordered a resident of Ashkelon to compensate journalist Guy Peleg with NIS 568,000, after she did not submit the defense to the defamation lawsuit against her....

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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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