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

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The Electric Company: a profit of NIS 184 million in the first half of 2019

Posted on Aug 15, 2019 by Ifi Reporter - Dan Bielski

The Electric Company completed the first half of 2019 with a profit of NIS 184 million, compared with a loss of NIS 180 million in the first half of 2018. Profit for the first half of 2019 is...

The US drug company Cambrex whose Ceo is Shlomo Yanay will be sold for $ 2.4 billion

Posted on Aug 12, 2019 by Ifi Reporter - Dan Bielski

The US drug company Cambrex, whose chairman is Shlomo Yanai, is been sold to the $ 2.4 billion private equity fund Permira. The share price in the deal is $ 60, a 47% premium to the price set...

Finance Minister Kahlon signed the first 4 chapters of the new Israeli building code

Posted on Aug 11, 2019 by Ifi Reporter - Dan Bielski

Finance Minister Moshe Kahlon recently signed the first four chapters of the new Israeli building code, the Ministry of Construction and Housing, which prepares the code, announced on Sunday....

In July 2019, Bank Hapoalim's Consumer Confidence Index fell 5.0 points

Posted on Aug 6, 2019 by Ifi Reporter - Dan Bielski

In July 2019, Bank Hapoalim's Consumer Confidence Index and TNS Telescar fell 5.0 points to 2.139. The index for the current situation fell by 3.1 points and the index remained unchanged....

Sapiens concludes a successful quarter in which revenue improved by 9.6%

Posted on Aug 5, 2019 by Ifi Reporter - Dan Bielski

The software company Sapiens concludes a successful quarter in which revenue improved by 9.6% and net profit jumped by 49.5% over the same quarter in 2018. Sapiens revenues in the second quarter...

2918: 2.6 million residential apartments in Israel, most of them in cities

Posted on Aug 4, 2019 by Ifi Reporter - Dan Bielski

As of 2018, there were 2.6 million residential apartments in Israel, most of them in cities and local councils (about 2.4 million apartments), and the rest in regional councils (about 222,000...

Israel Post s launching in Israel debit-cards for teens

Posted on Aug 3, 2019 by Ifi Reporter - Dan Bielski

Israel Post Company is launching in Israel for the first time shekel and forex recharge cards for teens under 16. Each card can be loaded up to NIS 2,500 a month, even in foreign currencies. The...

65,800 foreign workers entered Israel in 2018 - an increase of about 15%

Posted on Aug 2, 2019 by Ifi Reporter - Dan Bielski

In 2018, 65,800 workers from abroad (foreign nationals) entered work permits - an increase of about 15% compared to 2017, according to the Central Bureau of Statistics. As of the end of 2018,...

Hot second quarter revenue was about 235 million euros, down 2.6%

Posted on Jul 31, 2019 by Ifi Reporter - Dan Bielski

HOT sums up the second quarter of 2019 with a 14.3% decrease in EBITDA compared to the same quarter (18.7% change in local currency), according to reports from Altai (Patrick Altai) of HOT...

Some 3,000 medical and public health labs employees will strike Thursday

Posted on Jul 31, 2019 by Ifi Reporter - Dan Bielski

Some 3,000 medical and public health labs employees across the country will go on strike on Thursday, working in a part-time style like on a weekend. As part of the strike, all medical...

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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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