News

Bank Hapoalim's consumer confidence index supports the continued expansion of private consumption

Posted on Oct 9, 2019 by Ifi Reporter

Bank Hapoalim's consumer confidence index dropped slightly in September, but its level remains high relative to the past. The drop in confidence Consumers are in line with the trend of...

The Bank of Israel left the interest rate unchanged at 0.25%

Posted on Oct 8, 2019 by Ifi Reporter

The Bank of Israel today left the interest rate unchanged at 0.25%, paving the ground for further interest rate cuts, with Governor Yaron seeing the possibility of a 2020 interest rate cut to...

Trading week in Tel Aviv will open in a positive note due to the close past weekend on Wall Street

Posted on Oct 5, 2019 by Ifi Reporter

Trading week will open against the backdrop of the positive close this past weekend on Wall Street, where the leading indices recorded a sharp rise of about 1.4%. The dual stocks return to Tel...

AngioDynamics announced the acquisition of Israeli Eximo Medical for $ 66 million

Posted on Oct 4, 2019 by Ifi Reporter

AngioDynamics announced the acquisition of Israeli company Eximo Medical for $ 66 million. Eximo is a medical device company that has developed a system for treating blood vessel obstruction. The...

Mortgages taken out last August totaled NIS 5.97 billion

Posted on Sep 26, 2019 by Ifi Reporter

Mortgages taken out last August totaled NIS 5.97 billion in 8,249 transactions. This is according to data released today by the Bank of Israel. This is a decrease of NIS 700 million (10.4%)...

Michal Nagarin's fashion network is closing it's business

Posted on Sep 24, 2019 by Ifi Reporter

Michal Nagarin's network is closing - the company announced on Tuesday its 120 employees, who were given a layoff notice this morning. The company's factory in Bat Yam also closed. At this...

WeWork Managing Director Adam Neumann resigned - will remain chairman whithout voting rights

Posted on Sep 24, 2019 by Ifi Reporter

WeWork Managing Director, born Israeli, Adam Neumann resigned because of controversy over his term. Pressure on Neumann and the Wall Street Journal article revealing his conduct did, Neumann...

Pelephone Company employees began a strike at noon

Posted on Sep 19, 2019 by Ifi Reporter

Pelephone Company employees began a strike at noon. As of 12:30 no telephone and frontal answer was given at the company's service and sales centers, no equipment was taken out of the...

Unemployment rate rose slightly in August to 3.8%

Posted on Sep 19, 2019 by Ifi Reporter

The unemployment rate rose slightly in August to 3.8% of the workforce, compared with 3.7% in the month before. This is evident from data published by the Central Bureau of Statistics. These...

The Histadrut demands from the scouts 1.4 NIS million

Posted on Sep 17, 2019 by Ifi Reporter

The Histadrut applied to the Tel Aviv Regional Labor Court against the Scout Movement and a NIS 1,400,000 compensation claim in light of the banned, blunt and ongoing attempts by the...

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Newsline

Strong US Employment Report Boosts Dollar Against Major Currencies

Dec 8, 2023 by Ifi Reporter

In the wake of a robust employment report from the United States, the dollar remains stable against the Israeli shekel at NIS 3.70. The positive data, which surpassed expectations, has notably strengthened the American currency against the euro and the pound. As of the latest market... Continue reading →

Maersk Implements "War Levy" on Container Shipments to Israel Amidst Security Concerns

Dec 8, 2023 by Ifi Reporter

In response to escalating security risks in the region, Danish shipping giant Maersk has announced the imposition of a "war levy" on container shipments to Israel. Citing a surge in insurance premiums for vessels arriving in Israel, Maersk stated that the emergency risk supplement is... Continue reading →

Isrotel is making significant strides in its international expansion efforts

Dec 7, 2023 by Ifi Reporter

Isrotel, the prominent Israeli hotel chain under the Lewis family's control and managed by Lior Raviv, is making significant strides in its international expansion efforts. The company has successfully acquired 50% ownership in three hotels in Athens, including one with two separate wings,... Continue reading →


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