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

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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....

ABCOM will serve as Kramer’s exclusive distributor in the United Arab Emirates

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

Kramer, which develops professional audio-video hardware and software solutions, has signed a strategic distribution agreement with ABCOM Distribution LLC – part of the Almoe Group 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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