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

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Israeli Labor Market Shows Resilience Amidst Iron Swords War

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

Despite the challenges posed by the ongoing Iron Swords War, recent data from the Central Bureau of Statistics (CBS) offers a glimmer of hope for Israel's labor market. Unemployment...

Chinese Infrastructure Firm Challenges Israeli Decision Over Haifa Port Tender

Posted on Apr 14, 2024 by Ifi Reporter - Dan Bielski

Chinese infrastructure giant China Harbour is refusing to accept the decision by the Israel Ports Company to disqualify it from bidding on the tender for constructing the new distillery port in...

In response to an attack launched by Iran, the Israeli Defense Forces (IDF) has announced significant changes to directives issued by the Home Front

Posted on Apr 14, 2024 by Ifi Reporter - Dan Bielski

In response to an attack launched by Iran, the Israeli Defense Forces (IDF) has announced significant changes to directives issued by the Home Front Command. Last night, IDF spokesman Brigadier...

Agreed: Playtica will pay a total of NIS 550,000 to the donation organization

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

As part of a settlement in a class action lawsuit, it was agreed that the Playtica gaming group will pay and transfer a total of NIS 550,000 to the donation organization "Children of the War...

Samsung Next investment fund of the technology giant Samsung is closing its operations in Israel

Posted on Apr 10, 2024 by Ifi Reporter - Dan Bielski

The Samsung Next investment fund of the technology giant Samsung is closing its operations in Israel, the fund announced today in an email it issued. Samsung Next is the innovation arm...

Turgeman has been elected as the new president of the Union of Chambers of Commerce

Posted on Apr 9, 2024 by Ifi Reporter - Dan Bielski

In a significant shift of leadership, Shachar Turgeman has been elected as the new president of the Union of Chambers of Commerce, replacing the retiring president, Uriel Lin, who has served in...

A decrease in rent prices is evident: up to about 15% all over Israel

Posted on Apr 4, 2024 by Ifi Reporter - Dan Bielski

The effect of the war on the rental market is still evident in the first quarter of 2024: after a long period of increases, rent prices in most cities in Israel recorded decreases in the months...

Minimum wage in Israel will increase for the second time in a year: NIS 5,880

Posted on Mar 31, 2024 by Ifi Reporter - Dan Bielski

Good news especially for minimum-wage workers. Tomorrow, on April 1, the minimum wage in Israel will increase for the second time in a year by a significant amount. Starting with the April...

Israir updated its baggage policy on the international flights it operates: price will include personal hand luggage only

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

On April 1, the airline owned by businessman Rami Levy, Israir, updated its baggage policy on the international flights it operates, according to Passport News, the change will apply to orders...

CEO of the IT company award will go to Shay Basson CEO of Malam Timm

Posted on Mar 29, 2024 by Ifi Reporter - Dan Bielski

The awarding ceremony for excellence in the People and Computer IT Awards competition is imminent - it will take place next Thursday at Lago in Rishon Lezion and will celebrate, as every year, the...

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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 →

New Jersey Alleges $122 Million Fraud by El Al Controlling Shareholder in U.S. Nursing Homes

Dec 11, 2025 by Ifi Reporter - Dan Bielski

A report by the New Jersey State Comptroller has accused Kenny Rosenberg , the controlling shareholder of El Al Airlines (48%) , and his business partner Darryl Hagler of orchestrating a large-scale fraud scheme involving nursing homes under their ownership in the United States. The... Continue reading →

Israel Mandates Solar Panels on New Homes in Landmark Renewable Energy Reform

Dec 11, 2025 by Ifi Reporter - Dan Bielski

Israel is set to implement one of its most significant renewable energy reforms to date, as a new Ministry of Energy regulation will require solar energy systems on the roofs of all newly built homes with roof areas exceeding 100 square meters. The regulation comes into force on December 12,... Continue reading →

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