News

El Al flight 008 from JFK to Tel Aviv was postponed 48 hours due to malfunction on the Dreamliner

Posted on Oct 20, 2019 by Ifi Reporter - Dan Bielski

Passengers on El Al flight 008 from JFK Airport who were due to return to Israel on Sunday before the holiday will be forced to change their plans and spend it in New York. The reason: A...

Menorah Insurers Insurance Company will acquire 25% of HSO

Posted on Oct 19, 2019 by Ifi Reporter - Dan Bielski

Menorah Insurers Insurance Company will acquire 25% of entrepreneur Haim Ohayon's HSO Innovation Group. Menorah Insurers has the option of reaching up to 49.9% in a graded process. It is...

A NIS 450 million tender was published which will include a 9 km travel route on Ayalon lanes

Posted on Oct 17, 2019 by Ifi Reporter - Dan Bielski

The Ministry of Transport and the Ayalon route company have published the tender for the work under the third section of the "Highways" project. This is a NIS 450 million tender, which...

Foreign exchange reserves amounted to $ 119,473 million at Sep 2019

Posted on Oct 9, 2019 by Ifi Reporter - Dan Bielski

Foreign exchange reserves amounted to $ 119,473 million at the end of September 2019, a decrease of $ 339 million from the end of the previous month. The balances account for 31.8 percent of gross...

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

Posted on Oct 9, 2019 by Ifi Reporter - Dan Bielski

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 - Dan Bielski

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 - Dan Bielski

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 - Dan Bielski

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 - Dan Bielski

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 - Dan Bielski

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...

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