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

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Partner Communications Launches New Retail Division to Boost Growth

Posted on Dec 18, 2024 by Ifi Reporter - Dan Bielski

Partner Communications Group announced yesterday the establishment of a new retail division to enhance the company’s retail and store operations. The division, which combines trade and...

Ad 120 Acquires Gil Paz Assisted Living Facility for NIS 126 Million - Strengthening Its Position in the Sharon Region

Posted on Dec 17, 2024 by Ifi Reporter - Dan Bielski

Ad 120, a leading chain of assisted living facilities, has announced the acquisition of the Gil Paz Home in Kfar Saba for NIS 126 million. The deal, which marks the first acquisition for Ad 120,...

Fortinet announced the completion of the acquisition of Israeli cyber company Perception Point

Posted on Dec 11, 2024 by Ifi Reporter - Dan Bielski

information security giant Fortinet announced the completion of the acquisition of Israeli cyber company Perception Point. The scope of the deal was not disclosed. Fortinet is traded on the...

Nokia Acquires Rapid API in a Move to Strengthen Developer Platform Offerings

Posted on Nov 13, 2024 by Ifi Reporter - Dan Bielski

Nokia has announced the acquisition of Rapid API, a startup that developed a platform designed to streamline the integration of applications and interfaces for developers. Rapid API was founded...

Solaredge Shares Plunge 22% After Major Revenue Drop and Leadership Changes

Posted on Nov 7, 2024 by Ifi Reporter - Dan Bielski

Shares of Solaredge Technologies Inc. plunged 22% in after-hours trading following the release of disappointing third-quarter results, which included a massive revenue decline and a significant...

Bezeq Gen Signs $1.2 Billion Agreement with Prime Energy: Long-Term Deal to Supply Electricity from Storage and Solar Facilities

Posted on Nov 3, 2024 by Ifi Reporter - Dan Bielski

Bezeq Gen, the private electricity supplier owned by Bezeq and Power Gen, has signed a significant agreement with Prime Energy, controlled by Yaron Kikoz and Hav AL. The deal, valued at...

Teva Pharmaceutical Fined €463 Million by EU for Market Manipulation: Company Accused of Delaying Generic Competition for Copaxone

Posted on Nov 1, 2024 by Ifi Reporter - Dan Bielski

The European Union's competition authority has imposed a hefty fine of €463 million ($503 million) on Teva Pharmaceuticals. The decision comes after findings that Teva...

Israeli lecturer Prof. Shay Davidei from Columbia University has been temporarily banned from campus

Posted on Oct 16, 2024 by Ifi Reporter - Dan Bielski

Israeli lecturer Prof. Shay Davidei, from Columbia University's School of Business Administration, has been temporarily banned from campus following...

Tus Airways Expands Routes in Israel Ahead of Sukkot: New Flights to Europe and Central Asia

Posted on Oct 15, 2024 by Ifi Reporter - Dan Bielski

Tus Airways, the Cypriot airline, has announced an expansion of its flight routes in Israel in anticipation of the upcoming Sukkot holiday. Starting today, the airline will introduce...

Israel Railways Announces Year-Long Train Service Reductions for Electrification Works

Posted on Oct 15, 2024 by Ifi Reporter - Dan Bielski

Israel Railways has announced a series of train service reductions starting October 27, affecting several stations in southern Israel and the north, as part of ongoing...

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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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