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

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Excellence Investment House aquired mutual fund company Alumot

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

The Excellence Investment House, managed by Hannah Hollander, is expanding: The company has today signed an agreement to acquire the mutual fund company "Alumot". Total assets managed -...

The Bank of Israel interest rate remains at 0.25%

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

The Bank of Israel interest rate remains at 0.25% - the Bank of Israel announced. This is in line with economists' estimates. While in recent months market estimates have expected the...

Teva will pay $ 54 million to settle claims it bribed doctors

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

Israeli "Teva" pharmaceutical company will pay $ 54 million to settle claims that the company bribed doctors to prescribe copaxone drugs for the treatment of multiple sclerosis and...

Israeli marketing company Tremor has agreed to acquire the video company Unruly from News Corp

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

Israeli marketing company Tremor International has announced that it has agreed to acquire the video company Unruly from News Corp. in an attempt to thwart its video services by logging in to the...

P.M Netanyahu decided to appoint MK David Bittan to Minister of Agriculture

Posted on Jan 5, 2020 by Ifi Reporter - Dan Bielski

Prime Minister Benjamin Netanyahu decided to appoint Deputy Minister Tzipi Hotobli to the Diaspora Minister, Minister Yifat Shaasha Biton  minister for Welfare Minister and Labor Deputy...

The average wage in October: NIS 10,501 - an increase of 2.1%

Posted on Jan 5, 2020 by Ifi Reporter - Dan Bielski

The average wage in October 2019 was NIS 10,501 - an increase of 2.1% compared to October last year. The Central Bureau of Statistics (CBS) released this on Sunday. Excluding the price index (ie,...

The Free Trade Area Agreement between Israel and Panama is in effect

Posted on Jan 5, 2020 by Ifi Reporter - Dan Bielski

The Free Trade Area Agreement between the State of Israel and the Republic of Panama comes into effect this weekend in early 2020. The agreement was signed by Minister of Economy and Industry, Mr....

The Free Trade Area Agreement between Israel and Panama is in effect

Posted on Jan 5, 2020 by Ifi Reporter - Dan Bielski

The Free Trade Area Agreement between the State of Israel and the Republic of Panama comes into effect this weekend in early 2020. The agreement was signed by Minister of Economy and Industry, Mr....

"Dan" driving cooperative signed a new collective agreement with 1,800 drivers guaranteeing their rights

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

The Federation of Transportation Employees Association and the bus company Dan on Thursday signed a new collective agreement for about 1,800 drivers, guaranteeing their rights with the entry of...

Ituran's report on car theft for 2019: 10% increase

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

Ituran's report on car theft in 2019 according to a wide sample of about 600,000 vehicles in Israel states that in 2019 there was a 10% increase in the car theft event in Israel compared to...

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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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