News

IMI Systems CEO Avi Felder leaves the company after 36 years of work

Posted on Nov 24, 2018 by Ifi Reporter - Dan Bielski

Following the transfer of IMI's control permit to Elbit, IMI Systems CEO Avi Felder announced his decision to terminate his employment at the company after 36 years of work, of which he served...

MK Biran: proposes a 50% cut in the management fees for pensioners

Posted on Nov 24, 2018 by Ifi Reporter - Dan Bielski

9% of the pensioners in the new pension funds pay the maximum management fees permitted by law. On Sunday, MK Michal Biran, a member of the Zionist camp party, will propose a 50% cut in the...

The Modi'in Energy Exploration Partnership 3rd Q revenues: $ 1.13 million

Posted on Nov 22, 2018 by Ifi Reporter - Dan Bielski

The Modi'in Energy Exploration Partnership released its financial results for the third quarter of 2018 and reported a sharp jump in revenues from three producing wells to $ 1.13 million,...

First International Bank earned in the 3rd Q: NIS 212 million

Posted on Nov 21, 2018 by Ifi Reporter - Dan Bielski

First International Bank published its financial statements for the third quarter of the year. In the first nine months of the year, net profit amounted to NIS 568 million, an increase of 9.2%...

Israeli Enlivex and Bio-Blast will merge

Posted on Nov 20, 2018 by Ifi Reporter - Dan Bielski

The drug company Enlivex, which is developing a treatment for dangerous immune system overheating, has announced plans to merge into Bio-Blast, a company on the Nasdaq-listed, which is developing...

7 Bsanks will provide loans to help reduce electricity consumption by 17% by 2030

Posted on Nov 20, 2018 by Ifi Reporter - Dan Bielski

The banks Mercantile Discount, Hapoalim, Mizrahi Tefahot and the First International Bank were selected to provide loans for energy efficiency projects, guaranteed by the State. The tender was...

Israel's gross domestic product increased by an annualized 2.3% in the third Q

Posted on Nov 18, 2018 by Ifi Reporter - Dan Bielski

Israel's gross domestic product increased by an annualized 2.3% in the third quarter, the Central Bureau of Statistics published in the first estimate of the national accounts. This is lower...

Elbit and Ruag will establish a joint venture to serve the Swiss army

Posted on Nov 15, 2018 by Ifi Reporter - Dan Bielski

Elbit signed a memorandum of understanding with the Swiss company Ruag for the establishment of a joint venture. The project will be established in Switzerland, will be controlled by Elbit...

Magal third quarter revenues jumped by 75% to $ 23.9 million

Posted on Nov 15, 2018 by Ifi Reporter - Dan Bielski

Magal published its financial results for the three and nine months ended September 30, 2018. Magal reports: • A 75% increase in third quarter revenues compared to last year to $ 23.9...

El Al executives were questioned on suspicion of price fixing and the use of insider information

Posted on Nov 14, 2018 by Ifi Reporter - Dan Bielski

El Al executives were questioned yesterday by the Israel Securities Authority on suspicion of price fixing and the use of insider information. Last night, El Al announced that ISA investigators...

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