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

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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...

credit card company Max has fired 50 of the company's 1,500 employees

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

The economic crisis also reaches credit card company Max: The company, which, controlled by the Warburg Pincus Investment Fund, has fired 50 of the company's 1,500 employees in the last few...

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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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