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

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Harel reported a total loss of NIS 555 million in the first quarter of 2020

Posted on Jun 10, 2020 by Ifi Reporter - Dan Bielski

Harel reported that it posted a total loss of NIS 555 million in the first quarter of the year, compared with a profit of NIS 376 million in the corresponding quarter last year. The main reason...

Adeltek group won the tender to purchase NIS 4.2 billion in the Ramat Hovav power plant

Posted on Jun 10, 2020 by Ifi Reporter - Dan Bielski

The Adeltek, Adelcom and Housing & Construction partnership won the tender to purchase NIS 4.2 billion in the Ramat Hovav power plant. This is according to the company's announcement to...

Supreme Court ordered Facebook to stop blocking Facebook and Instagram accounts of Israeli NSO employees

Posted on Jun 9, 2020 by Ifi Reporter - Dan Bielski

The Supreme Court rejected Facebook's appeal and ordered it to stop blocking Facebook and Instagram accounts owned by the Israeli cyber company NSO, and two former employees of the company....

The Knesset Finance Committee approved the outline of the encouragement of employment

Posted on Jun 9, 2020 by Ifi Reporter - Dan Bielski

The Knesset Finance Committee approved Tuesday, after heated discussions for five days, and despite widespread criticism, the outline of the encouragement of employment adopted by Finance Minister...

Zipi and Bar Refaeli signed a plea bargain with Tax authorities - Zipi will serve 16 months in prison

Posted on Jun 9, 2020 by Ifi Reporter - Dan Bielski

The Refaeli family and the prosecutor's office reached agreements in a case in which model Rafael Rafaeli and her parents are suspected of tax evasion and false reports. According to the...

El Al is offered: a new path of aid: a $ 150 million public offering

Posted on Jun 7, 2020 by Ifi Reporter - Dan Bielski

The state is offering God a new path of aid: a $ 150 million public offering. According to the Treasury, if the public does not respond to the issue, the state will buy the shares, take over the...

Foreign exchange reserves reached a new high of $ 142.5 billion

Posted on Jun 7, 2020 by Ifi Reporter - Dan Bielski

The Bank of Israel updated that as of May 2020, foreign exchange reserves reached a new high of $ 142.5 billion (about 35.5% of GDP) - an increase of about $ 9 billion compared to the end of...

Teva has won a patent trial against Opiant Pharmaceuticals and Emergent Biosolutions for Narcan Nasal Spray

Posted on Jun 6, 2020 by Ifi Reporter - Dan Bielski

Teva has won a patent trial against Opiant Pharmaceuticals and Emergent Biosolutions for Narcan Nasal Spray, the only FDA-approved drug to treat narcotic painkillers (opiates). Spray Narcan...

Only 57,000 employees were returned to work in the first week of June

Posted on Jun 4, 2020 by Ifi Reporter - Dan Bielski

Only 57,000 workers were returned in the first week of June. All in all, this is a decline from about 900,000 unemployed to about 850,000, which is a decrease of 6% - according to figures...

Microsoft for Startups Accelerator in Israel selected 14 start-ups for the first round

Posted on Jun 3, 2020 by Ifi Reporter - Dan Bielski

Microsoft for Startups Accelerator in Israel in collaboration with Tech for Good social enterprise organization selected 14 Israeli start-ups for the first round. Microsoft announced the launch of...

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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 →

Why AI Adoption on the Factory Floor Is Far More Complicated Than a Successful Demo

Aug 25, 2026 by Ifi Reporter - Dan Bielski

The integration of artificial intelligence (AI) has become a major priority for technology companies and startups. Yet when AI solutions move from development environments to the physical factory floor, the reality can be considerably more complex.... Continue reading →

SACHEK NA Introduces New 3D Plastic Puzzle Collection Featuring Iconic Cars

Aug 25, 2026 by Ifi Reporter - Dan Bielski

Israeli toy and puzzle company SACHEK NA, owned by Meir Klughaft and Yossi Bar-On, is introducing a new collection of 3D plastic vehicle puzzles, combining traditional puzzle assembly with three-dimensional model building. From Porsche and Ferrari to the Harry Potter Bus The new... Continue reading →

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