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

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Following a sinkhole red line of the light rail in Gush Dan STOPPED OPERATIONS

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

Tevel, which operates the red line of the light rail in Gush Dan, announced today (Thursday) that following a sinkhole that was discovered near the Binyamin station in Bat Yam, the R2 line of...

Israeli Average Salaried Worker Salary Drops in April 2024 to NIS 13,506

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

The average salary for salaried positions in Israel declined in April 2024 to NIS 13,506, down from just over NIS 14,000 recorded in March, according to...

A 2.8% discount per liter of milk for dairies

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

A 2.8% discount per liter of milk for dairies - most likely will not be passed on to consumers in the near future: the Dairy Council announced that the target price of milk, which is the price...

Dor Alon is entering the field of food production: Acquires Kafu Zaan

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

The Dor Alon fuel and food retail company controlled by Moti Ben Moshe is entering the field of food production for the first time. The company acquires 75% of the shares of Kafu Zaan for NIS...

IDF announced a local tactical pause in military activity in the southern Gaza Strip

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

The IDF announced on Sunday a local tactical pause in the military activity in the southern Gaza Strip, on the road leading from Kerem Shalom to the Saladin road and to the north, which will...

Rapyd the digital payment platform is laying off about 30 employees

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

Rapyd, the digital payment platform, is laying off about 30 employees - almost 4% of the company's approximately 800 employees. Most of the laid-off are programmers, according to the source...

NIS 1.2 billion for the ultra-Orthodox through the 3,438 "discount apartment" tenders

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

Tomorrow (Monday) one of the largest and most important housing tenders of this year is expected to take place: a tender for the construction of 3,438 apartments in the new ultra-Orthodox...

Organizers of "Eurosatory" arms exhibition intend to appeal against a ruling that Israeli companies can't take part

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

The organizers of the important "Eurosatory" arms exhibition that will take place this week in France intend to appeal the ruling issued by the country's court last week, which...

Discount's board of directors approved the bank's decision to purchase from Persal its share in Paybox

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

Discount's board of directors approved the bank's decision to purchase from Persal its share in Paybox for NIS 77 million and will become the sole owner of the company....

Israeli Ilit Raz was indicted for defrauding investors in the amount of at least 21 million dollars

Posted on Jun 12, 2024 by Ifi Reporter - Dan Bielski

The American Securities and Exchange Commission filed an indictment against Israeli Ilit Raz, the founder and CEO of the artificial intelligence startup Joonko. The lawsuit filed in the District...

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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 →

Idit Catering Wins Tender to Operate Meat Restaurant Network at Rafael

Mar 12, 2026 by Ifi Reporter - Dan Bielski

The catering company Idit Catering , part of the Dan Hotels Group , has won a tender to operate the meat restaurant network at the facilities of Rafael Advanced Defense Systems , one of Israel’s leading defense companies. Under the agreement, Idit will... Continue reading →

Hadas Water Launches Under-Sink Purified Water System With Special Shabbat Mechanism

Mar 10, 2026 by Ifi Reporter - Dan Bielski

Hadas Water , one of Israel’s leading companies in the development and production of purified water bars, has introduced a new under-sink system that dispenses both hot and cold purified water and includes a unique mechanism designed for use on Shabbat.... Continue reading →

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