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

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Mobileye Reports Challenging Year with 23% Drop in Q4 Revenue - Forecasts Slow Recovery in 2025

Posted on Jan 30, 2025 by Ifi Reporter - Dan Bielski

Mobileye, the autonomous vehicle technology company led by CEO Amnon Shashua, has closed one of the most difficult years in its history, reporting a 23%...

Castro Hoodies Secures NIS 30 Million Investment from Institutional Investors

Posted on Jan 30, 2025 by Ifi Reporter - Dan Bielski

Castro Hoodies, a leading Israeli fashion group, has successfully raised NIS 30 million from institutional investors, issuing 3.5% of the company’s shares in return. The funding round was...

Vehicle License Fees Set to Increase by 3.24% in April 2024

Posted on Jan 30, 2025 by Ifi Reporter - Dan Bielski

According to documents released today by the Ministry of Transportation, Israeli motorists will face an increase in vehicle license fees starting in April 2024. The 3.24% fee hike is attributed...

The government has authorized Palestinian construction workers to enter Israel

Posted on Jan 30, 2025 by Ifi Reporter - Dan Bielski

Castro Hoodies, a leading Israeli fashion group, has successfully raised NIS 30 million from institutional investors, issuing 3.5% of the company’s shares in return. The funding round was...

IDF Deputy Chief of Staff Major General Amir Baram to Step Down at End of January

Posted on Jan 10, 2025 by Ifi Reporter - Dan Bielski

General Amir Baram, the Deputy Chief of Staff of the Israel Defense Forces (IDF), has announced his intention to step down from his position at the end of next month. In a letter addressed to...

Nagel Committee Proposes Major Defense Budget Increase: NIS 9-15 Billion Annually to Strengthen Military Capacity

Posted on Jan 7, 2025 by Ifi Reporter - Dan Bielski

The Committee to Examine the Defense Budget and Force Building (Nagel Committee) has presented its long-awaited recommendations to Prime Minister Benjamin Netanyahu, Defense Minister Israel...

Wysotsky Announces Price Increases Across Multiple Product Lines Amid Rising Costs

Posted on Jan 5, 2025 by Ifi Reporter - Dan Bielski

The Wysotsky company, a dominant player in Israel’s tea market, has announced price hikes across several of its product categories, citing rising input costs and other economic pressures....

Bar Association Releases December 2024 Law Certification Exam Results: Pass Rate Drops to 32%

Posted on Jan 5, 2025 by Ifi Reporter - Dan Bielski

The Bar Association has published the results of the December 2024 law certification exam, revealing a significant drop in the pass rate compared to...

Israel to Shift Stock Market Trading Days to Monday-Friday, Ending Sunday-Thursday Schedule

Posted on Dec 30, 2024 by Ifi Reporter - Dan Bielski

Israel is set to transition its stock market trading days from the current Sunday-Thursday schedule to a Monday-Friday format, in a move designed to...

IAI Reports Record Backlog Surge in Profits and Impressive Growth in Q3 2024

Posted on Dec 20, 2024 by Ifi Reporter - Dan Bielski

Israel Aerospace Industries (IAI) has released its third-quarter financial results for 2024, showcasing robust growth across key metrics. The company reported a record backlog of $25 billion, a...

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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 →

L’Oréal Signs 50-Year Global License Agreement for Gucci Beauty

Jul 15, 2026 by Ifi Reporter - Dan Bielski

L’Oréal has signed an exclusive worldwide 50-year license agreement to create, develop, and distribute fragrance and beauty products under the Gucci Beauty brand, strengthening its position in the global luxury beauty market. The agreement follows the previously... Continue reading →

Mul-T-Lock Partners With Ruach Nashit to Promote Women's Economic Independence

Jul 15, 2026 by Ifi Reporter - Dan Bielski

Mul-T-Lock , a leading Israeli security solutions company, has joined forces with Ruach Nashit (Women's Spirit), an organization dedicated to promoting economic independence among women survivors of domestic violence. The partnership aims to support women in rebuilding their lives... Continue reading →

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