News

Education Minister Yoav Kish Blocks Israel Prize for Sociology Award to Prof. Eva Illoz

Posted on Mar 24, 2025 by Ifi Reporter - Dan Bielski

Education Minister Yoav Kish has refused to award the prestigious Israel Prize for Sociology to Professor Eva Illoz, as determined by the prize committee, due to her involvement in a 2021 case...

Fuel Prices Set to Rise in April: 95 Octane Gasoline to Reach 7.31 Shekels per Liter

Posted on Mar 23, 2025 by Ifi Reporter - Dan Bielski

Starting at midnight tomorrow, Israeli drivers will face a rise in fuel prices as the Ministry of Energy and Infrastructure announces an 8-agorot increase in the cost...

Minimum Wage Increases: Set at 6,247 Shekels Amid Inflation and Worker Shortages

Posted on Mar 17, 2025 by Ifi Reporter - Dan Bielski

Labor Minister Yoav Ben-Zur has officially signed the annual minimum wage increase, which will take effect on April 1. Starting next month, the minimum wage will rise to 6,247 shekels per month,...

Matrix and Magic Announce Merger Deal - Creating $2.14 Billion IT Services Giant

Posted on Mar 11, 2025 by Ifi Reporter - Dan Bielski

In a significant move within the Israeli tech sector, software companies Matrix and Magic confirmed on Tuesday that they have signed a memorandum of understanding to begin negotiations for a...

Delek Group to Become Controlling Shareholder Following 1.3 Billion Shekel Investment

Posted on Feb 20, 2025 by Ifi Reporter - Dan Bielski

American blockchain analytics firm Chainalysis has acquired Israeli cybersecurity startup Hexagate, a company specializing in Web 3.0 and blockchain...

Israeli Cybersecurity Company Skybox Security Shuts Down, Lays Off All Employees

Posted on Feb 19, 2025 by Ifi Reporter - Dan Bielski

Skybox Security, an Israeli cybersecurity firm, has laid off all of its employees and ceased its operations, marking the end of nearly 23 years in business. The company, which employed an...

Delta Brands Sees Strong Growth in 2024 with Increased Revenue and Profit

Posted on Feb 11, 2025 by Ifi Reporter - Dan Bielski

Delta Brands has closed 2024 on a high note, reporting a substantial 26% increase in revenue, reaching NIS 1.2 billion, while net profit surged by 37% to NIS...

Israel has slightly improved its position in the 2024 Global Corruption Perceptions Index

Posted on Feb 11, 2025 by Ifi Reporter - Dan Bielski

Israel has slightly improved its position in the 2024 Global Corruption Perceptions Index, published today (Tuesday), moving up to 31st place, compared to 33rd place in the previous year's...

Mobileye Reports Challenging Year with 23% Drop in Q4 Revenue - Forecasts Slow Recovery in 2025

Posted on Jan 30, 2025 by Ifi Reporter - Dan Bielski

Mobileye, the autonomous vehicle technology company led by CEO Amnon Shashua, has closed one of the most difficult years in its history, reporting a 23%...

Castro Hoodies Secures NIS 30 Million Investment from Institutional Investors

Posted on Jan 30, 2025 by Ifi Reporter - Dan Bielski

Castro Hoodies, a leading Israeli fashion group, has successfully raised NIS 30 million from institutional investors, issuing 3.5% of the company’s shares in return. The funding round was...

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