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

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Israel Ports Company: Q1 net profit dropped 23% to NIS 127 million

Posted on May 30, 2020 by Ifi Reporter - Dan Bielski

Israel Ports Company, which serves as a seaport regulator, ended the first quarter of 2020 with a 23% drop in net profit to NIS 127 million, according to company reports. . The company's...

Migdal Insurance Company posted a total loss of NIS 563 million in the first quarter

Posted on May 27, 2020 by Ifi Reporter - Dan Bielski

Migdal Insurance Company posted a total loss (after tax) of NIS 563 million in the first quarter of 2020. This compares with a total profit of NIS 543 million in the corresponding quarter last...

Elbit earned $ 64 million in the first quarter of 2020 - a 26% increase

Posted on May 26, 2020 by Ifi Reporter - Dan Bielski

Elbit Systems, which is managed by Bezalel Macliss, earned $ 64 million in the first quarter of 2020 - a 26% increase over the same quarter in 2019. Elbit Systems' revenue grew 4.8% in the...

Windows manufacturer and aluminum profiles Klil profit amounted to NIS 8.1 million - 50% decline

Posted on May 26, 2020 by Ifi Reporter - Dan Bielski

Windows manufacturer and aluminum profiles Klil Industries sums up the first quarter of 2020 with a 17.3% decline in revenue and 50% in net profit. The company's revenue was NIS 85.5 million...

23 new patients in Israel were diagnosed with Corona in the past day

Posted on May 26, 2020 by Ifi Reporter - Dan Bielski

The Ministry of Health announced Tuesday (Tuesday) that 23 new patients were diagnosed with Corona in the last day. According to the ministry's data, 150 patients recovered last night....

Masco Corporation acquired the Israeli startup SmarTap

Posted on May 26, 2020 by Ifi Reporter - Dan Bielski

Masco Corporation (NYSE: MAS) has acquired the Israeli startup SmarTap, part of the portfolio of venture capital fund Terra Venture Partners. Masco, a Fortune 500 company, is a global leader in...

40 years of US and Israel Biennial Research was invested in 1200 agriculture projects

Posted on May 25, 2020 by Ifi Reporter - Dan Bielski

The US and Israel Biennial Research and Development Fund was established about 40 years ago. Over the years, the fund has invested about $ 315 million in some 1200 agricultural infrastructure...

The culture world will be back to life performing on June 14th

Posted on May 24, 2020 by Ifi Reporter - Dan Bielski

Less than a week after taking office, Health Minister Yuli Edelstein and Culture and Sports Minister Haili Trooper tonight agreed on a plan to bring the culture world back to life performing on...

Monday's valuation the Israeli startup that develops software jumped to $ 2.7 billion

Posted on May 22, 2020 by Ifi Reporter - Dan Bielski

Monday's valuation (Monday.com), the Israeli startup that develops software to help employees work remotely, jumped to $ 2.7 billion, according to knowledgeable sources. The estimate...

The IEC completed the first quarter of 2020 with a net profit of NIS 1.2 billion

Posted on May 21, 2020 by Ifi Reporter - Dan Bielski

The IEC completed the first quarter of 2020 with a net profit of NIS 1.2 billion, according to the company's reports on Thursday. The IEC benefited from a series of one-off events that...

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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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