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

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approved: compensation for investors in "Shemmen" case will amount to NIS 3.375 million instead of 60 million

Posted on Jan 13, 2020 by Ifi Reporter - Dan Bielski

Tel Aviv District Court's Economic Department approved a settlement in a class action lawsuit filed against former chief of staff and former oil and gas "Shemen" company chairman...

Minister Ze'ev Elkin ousted Mayor Tiberias Ron Koobi

Posted on Jan 13, 2020 by Ifi Reporter - Dan Bielski

Minister Ze'ev Elkin ousted Mayor Tiberias Ron Kobi, who was the focus of public outbursts. He said that for a few days he examined the professional rationale for failing to approve the...

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....

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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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