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

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Phenicia employees will receive increased compensation of up to 50% beyond the statutory limit

Posted on May 16, 2020 by Ifi Reporter - Dan Bielski

Following strenuous negotiations in recent days, the Histadrut reached agreements with the management of Phenicia Enterprise and its owners, the Portismo Investment Fund, for providing severance...

Teva stopped negotiations with US on a compromise deal on the price coordination suspicion

Posted on May 16, 2020 by Ifi Reporter - Dan Bielski

Teva last month stopped negotiations on a compromise with the US Department of Justice's antitrust unit on suspicion that the company had inflated US generic drug prices and was engaged in...

Cyberark announced the acquisition of $ 70 million in cash from American cyber company

Posted on May 13, 2020 by Ifi Reporter - Dan Bielski

Cyberark announced the acquisition of $ 70 million in cash from American cyber company Idaptive. Idaptive develops a cloud-based remote access and artificial intelligence solution that supports...

Histadrut approved a labour dispute in Bitan Winery Group

Posted on May 13, 2020 by Ifi Reporter - Dan Bielski

Just before they came to understand about the cut needed to bring the company together and signed a new collective bargaining agreement, the Histadrut for the Mega workers of the Bitan Winery...

A senior income tax official was arrested for questioning on suspicion of bribery

Posted on May 13, 2020 by Ifi Reporter - Dan Bielski

A senior income tax official from the north of the country was arrested this morning for questioning on suspicion of bribery, accepting fraud and breach of trust. Along with him, two tax advisers...

Israeli startup LawGeex completed a $ 20 million round of funding

Posted on May 12, 2020 by Ifi Reporter - Dan Bielski

Israeli startup LawGeex, which has developed a system for automated legal contract analysis, announced the completion of a $ 20 million round of funding led by the American venture capital firm...

Uriel Lin, president of the Association of Chambers of Commerce criticized the government's economic policy

Posted on May 12, 2020 by Ifi Reporter - Dan Bielski

 Uriel Lin, president of the Association of Chambers of Commerce, strongly criticized the government's economic policy. "You can understand the way of working and thinking of the...

Israel Bank: raised the threshold of the verification ceiling for a transaction to NIS 300

Posted on May 12, 2020 by Ifi Reporter - Dan Bielski

With the return to routine and store opening, some fashion chains could see big queues at the box office, some of which may have been due to the reopening after the closure period, but also as a...

The Securities and Exchange Commission: disclosure required in Q1 reports regarding Corona impact

Posted on May 11, 2020 by Ifi Reporter - Dan Bielski

The Securities and Exchange Commission has issued a new guidance document with highlights regarding the disclosure required in the first quarter and overall reports, in light of the impact of the...

Treasury Director General Shai Babad announced to Finance Minister Israel Katz that he intends to end his role

Posted on May 11, 2020 by Ifi Reporter - Dan Bielski

Treasury Director General Shai Babad announced to Finance Minister Israel Katz that he intends to end his role with the establishment of the new government and the exchange of ministers. At the...

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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 →

IAI to Award Bonuses to 14,000 Employees After Record Profits

Mar 18, 2026 by Ifi Reporter - Dan Bielski

Israel Aerospace Industries (IAI) will grant bonuses to approximately 14,000 employees following a year of record financial performance, the company announced after reaching an agreement with workers’ representatives. Each employee will receive a flat bonus of NIS 6,555 in... Continue reading →

IAI to Award Bonuses to 14,000 Employees After Record Profits

Mar 18, 2026 by Ifi Reporter - Dan Bielski

Israel Aerospace Industries (IAI) will grant bonuses to approximately 14,000 employees following a year of record financial performance, the company announced after reaching an agreement with workers’ representatives. Each employee will receive a flat bonus of NIS 6,555 in... Continue reading →

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