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

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Government refusal: The IEC's request for a 8.5-month postponement in disabling the third unit at the Rotenberg Power Station

Posted on Feb 29, 2020 by Ifi Reporter - Dan Bielski

The Ministry of the Environment refused the IEC's request for a 8.5-month postponement in disabling the third unit at the Rotenberg Power Station in Ashkelon. Given the risk of continuing to...

OECD Director of Education urges Israel to reduce to minimum the finals in highscool

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

OECD Director of Education Andreas Schleicher urges the Ministry of Education to reduce centralization and give greater independence to field officials, administrators and teachers. He also calls...

US Treasury has removed Gen. Israel Ziv from the black list of arms dealers

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

The US Treasury has removed Gen. Israel Ziv, and his own companies, from the black list of arms dealers who allegedly captured the bloody conflict in South Sudan. This is an update from the...

Bank Leumi's profit for 2019 grew by 8% to NIS 3.52 billion

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

Bank Leumi On Wednesday released its 2019 financial statements, showing that Bank Leumi's profit grew 8% to NIS 3.52 billion, reflecting a return on equity of 9.8%. At the same time as the...

Regional Labor Court will be asked to order Sunny Communication to employees unionize

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

The Histadrut applied to the Bat Yam Regional Labor Court, requesting to be part of a collective dispute hearing against Sunny Cellular Communications, alleging an ongoing violation of the...

Governor of Israel bank Amir Yaron: we established a staff to analyze and monitor the economic aspects of Corona

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

Governor of the Bank of Israel Amir Yaron commented on the expected consequences of the spread of the Corona virus worldwide. He said this at a hearing in the Treasury with senior ministry...

The non-woven fabric manufacturer Avgol is worried by Corona: 3.2% decrease in revenue

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

The non-woven fabric manufacturer Avgol, which is traded on the Tel Aviv Stock Exchange, reported its financial results for 2019, in which it presented mixed reports with a 3.2% decrease in...

Ami Arel, chairman of Cellcom's board of directors in recent years has resigned

Posted on Feb 23, 2020 by Ifi Reporter - Dan Bielski

Ami Arel, chairman of Cellcom's board of directors in recent years, has resigned. Arel's term is ending these days and it will not be extended. In a letter to employees and IDB heads, Arel...

President Rivlin in Australia focusess on Economic coorperation with Israel

Posted on Feb 23, 2020 by Ifi Reporter - Dan Bielski

The visit of the state president to Australia was joined by a business delegation from Israeli companies focusing on industries where the Israeli industry has a distinct competitive edge and a...

A[[roved: outline plan for Beer-Ya'akov which includes adding 7,700 housing units

Posted on Feb 23, 2020 by Ifi Reporter - Dan Bielski

The District Planning and Building Committee approved the outline plan for Beer Ya'akov, which includes adding 7,700 housing units to be added to 19,300 housing units already approved, most 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 →

Israeli High-Tech Investors Move to Secure Future of Channel 13

Mar 13, 2026 by Ifi Reporter - Dan Bielski

A group of Israeli high-tech investors has stepped in to support the future of Channel 13 , in a move that supporters say is intended to preserve independent journalism and strengthen pluralistic media in Israel. The development emerged amid uncertainty surrounding the channel’s... Continue reading →

Hadas Water unveiled a first-of-its-kind under-sink system for Shabbat observant users

Mar 13, 2026 by Ifi Reporter - Dan Bielski

Israeli company Hadas Water , a developer and manufacturer of purified water bars, has unveiled a first-of-its-kind under-sink system in Israel designed to provide hot and cold purified water while incorporating a special mechanism adapted for Shabbat observant users. The system,... Continue reading →

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