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

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Dan Hotels Reports Sharp Decline in Q2 Earnings Amid Tourism Collapse

Posted on Aug 25, 2025 by Ifi Reporter - Dan Bielski

 Dan Hotels has reported weak financial results for the second quarter of 2025, as the continued decline in inbound tourism — exacerbated by the war with Iran — severely...

AI Infrastructure Giant Crusoe Acquires Israeli Startup Atero in Deal Worth Over $150 Million

Posted on Aug 21, 2025 by Ifi Reporter - Dan Bielski

Crusoe , the U.S.-based AI infrastructure company behind OpenAI’s massive Stargate data center , has announced the acquisition of Israeli startup Atero in a deal estimated to exceed...

Victory Maintains Stable Profits Despite Operating Income Decline - Thanks to Hedge Fund and Stock Investments

Posted on Aug 21, 2025 by Ifi Reporter - Dan Bielski

Despite a decline in its core operational profitability, Victory Supermarket Chain , managed and controlled by Eyal Ravid , reported relatively stable net earnings for the...

Top Cellular Providers Petition High Court Over "Arbitrary" Frequency Fees

Posted on Aug 21, 2025 by Ifi Reporter - Dan Bielski

The five largest cellular companies in Israel — Partner, HOT Mobile, Pelephone, Cellcom, and Viacom — have filed a petition to the High Court of Justice against the Ministry of...

Dalia Energy Signs Deals with Chinese Firms to Build Two New 850 MW Power Plants in Israel

Posted on Aug 21, 2025 by Ifi Reporter - Dan Bielski

Dalia Energy , controlled by Meshek Energy and led by CEO Oved Debi , has signed two major agreements with Chinese engineering giants to design, procure, and construct...

Shikun & Binui Swings to NIS 133M Profit in Q2 2025 Amid Overseas Real Estate Boom

Posted on Aug 21, 2025 by Ifi Reporter - Dan Bielski

Shikun & Binui posted a significant turnaround in its second-quarter results for 2025, reporting a net profit of NIS 133 million , compared to a loss of NIS 133...

Delek Group Posts 40% Revenue Surge in Q2 Amid Mergers and Energy Sector Challenges

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

Delek Group, controlled by businessman Yitzhak Tshuva, reported a dynamic and eventful second quarter, with total revenues jumping 40% year-over-year to NIS 3.5 billion. The...

Mitronics CEO Sharon Goldenberg Steps Down Amid Prolonged Revenue Decline and Executive Instability

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

Less than four years after his appointment, Sharon Goldenberg will step down as CEO of Mitronics , the once-dominant manufacturer of robotic pool cleaners. The company stated that his...

Gilat Secures $60 Million Order for Aircraft Internet Antennas, Boosts Backlog and Profitability Outlook

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

Gilat Satellite Networks continues its growth momentum, significantly expanding its order backlog with a $60 million deal to supply electronic antennas for in-flight...

Warning Bells Over Israel’s Gas Market: Price Committee Flags Monopoly Risk Amid Chevron Dominance

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

Israel’s Price Committee — a joint body of the Finance and Energy Ministries — raised serious concerns as early as March over a looming risk in the...

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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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