News

Huge purchase: Salesforce buys the Israeli unicorn Own for $1.9 billion

Posted on Sep 5, 2024 by Ifi Reporter - Dan Bielski

Huge purchase: Salesforce buys the Israeli unicorn Own (formerly OwnBackup), which specializes in backing up cloud systems, for $1.9 billion. This is a cash transaction. The Israeli company...

Ministry of Finance estimates a change in the scope of the payment to be given to reservists will save hundreds of millions

Posted on Sep 4, 2024 by Ifi Reporter - Dan Bielski

The Ministry of Finance is promoting a change in the scope of the payment to be given to reservists and formulated a decision-making proposal that is expected to be discussed in the government....

ICL signed a new deal in China with a total financial scope of 170 million dollars

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

The ICL company controlled by businessman Idan Ofer signed a new deal in China today with a total financial scope of 170 million dollars. As part of the deal, ICL will supply soluble fertilizers...

Cisco acquired the Robust Intelligence company founded by the Israeli professor of mathematics Yaron Singer

Posted on Aug 27, 2024 by Ifi Reporter - Dan Bielski

The communications giant Cisco acquired the Robust Intelligence company founded by the Israeli professor of mathematics Yaron Singer. The amount of the purchase was not disclosed. The...

Israeli Government Approves Second Breach of 2024 Budget, Increasing Spending by NIS 3.3 Billion

Posted on Aug 25, 2024 by Ifi Reporter - Dan Bielski

The Israeli government approved a significant breach of the 2024 budget today (Sunday), marking the second time the budget has been opened this year. The decision increases total government...

An officer and six fighters were injured when a missile was fired from an IDF fighter jet

Posted on Aug 20, 2024 by Ifi Reporter - Dan Bielski

An officer in a paratrooper patrol was killed this morning (Monday) and six fighters were injured when a missile was fired from an IDF fighter jet at a building where the force was staying in...

Israeli company Cyberark announced it has signed an agreement to purchase Venafi for $1.54 billion

Posted on Aug 19, 2024 by Ifi Reporter - Dan Bielski

A huge high-tech deal: The Israeli company Cyberark announced that it has signed an agreement to purchase Venafi for $1.54 billion - $1 billion in cash and the balance in Cyberark shares....

Zim shipping company published excellent reports for the second quarter

Posted on Aug 19, 2024 by Ifi Reporter - Dan Bielski

The Zim shipping company controlled by Idan Ofer published excellent reports for the second quarter of 2024 and raised the forecast for the entire year. Zim shares jump more than 14% in...

Shanghai ranking: Three Israeli institutions were ranked among the 100 best universities

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

The Israeli academy maintained its position in the Shanghai ranking, the world's most important university ranking. Three Israeli institutions were ranked among the 100 best universities in...

Discount Bank Reports Strong Q2 2024 Financial Results with NIS 1.04 Billion Net Profit

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

Discount Bank has released its financial statements for the second quarter of 2024, reporting a robust net profit of NIS 1.04 billion. The return on equity for Israel’s fourth-largest bank...

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