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

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Cellcom will start a capital raising process of NIS 400 million

Posted on Dec 1, 2019 by Ifi Reporter - Dan Bielski

Cellcom telecommunications company 2.9% reported that the board of directors has ordered the company to start a capital raising process of NIS 400 million through the issuance of shares and...

The Bank of Israel's Supervisor of Banks, Hedva Bar to retire in April 2020

Posted on Dec 1, 2019 by Ifi Reporter - Dan Bielski

The Bank of Israel's Supervisor of Banks, Hedva Bar, prepares for her retirement in three months and will retire in April 2020 instead of July 2020 at the end of five years. Bar took office...

Rami Levy network reported 9.9% revenue growth in the 3rd Q

Posted on Nov 28, 2019 by Ifi Reporter - Dan Bielski

The Rami Levy network reported 9.9% revenue growth in the third quarter, net income down 16.4%, mainly due to the impact of the new accounting standard IFRS 16. Excluding the effect of the...

The ride on the Israel Railroad is expanding: the number of trips rose by 6.5%

Posted on Nov 28, 2019 by Ifi Reporter - Dan Bielski

The ride on the Israel Railroad is expanding. In the first nine months of 2019, the number of trips was 52.4 million, a 6.5 percent growth over the same period last year Israel Railways released...

Cellcom concluded its third quarter with a net loss of NIS 2 million

Posted on Nov 27, 2019 by Ifi Reporter - Dan Bielski

Cellcom Telecom concluded its third quarter of 2019 with an increase in revenue, but erosion in operating profit and a net loss. The company posted revenues of NIS 938 million, an increase of 3.1%...

The October composite state-of-the-economy index rose by 0.3%

Posted on Nov 27, 2019 by Ifi Reporter - Dan Bielski

The October composite state-of-the-economy index rose by 0.30%. The growth rate of the index reflects long-term growth with slight acceleration over the past two months. The combined index was...

Cellular partner revenues decreased by 2% to NIS 608 million

Posted on Nov 27, 2019 by Ifi Reporter - Dan Bielski

Cellular partner revenues decreased by 2% to NIS 608 million, compared with NIS 619 million in the corresponding quarter. Stationary revenues (TV and Internet) increased by 5% to NIS 258 million,...

The unemployment rate continued to fall in October: 3.4%

Posted on Nov 25, 2019 by Ifi Reporter - Dan Bielski

The unemployment rate continued to fall last October, to a mere 3.4% of the workforce - a figure that was last recorded in 1978; According to data from the Central Bureau of Statistics (CBS)...

Golf's third Quarter revenues: NIS 236 million

Posted on Nov 25, 2019 by Ifi Reporter - Dan Bielski

Golf's financial statements release a disappointing third quarter that indicates the instability suffered by the fashion company, which has been controlled by Clal Industries for a long time....

Israeli cyber startup ​"​Perimeter 81" has raised $ 10 million

Posted on Nov 23, 2019 by Ifi Reporter - Dan Bielski

Cyber ​​Perimeter 81, which develops Network as a Service (NaaS) platform for secure access to enterprise applications and resources in the cloud and on local networks, has raised $ 10 million...

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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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