News

Binyamin Netanyahu will be undergoing a medical procedure to implant a pacemaker at Sheba Hospital

Posted on Jul 22, 2023 by Ifi Reporter

Israeli Prime Minister Binyamin Netanyahu will be undergoing a medical procedure to implant a pacemaker at Sheba Hospital in Tel Hashomer. The decision comes just before a crucial vote on the...

Credit Rating Agencies Demand Clarifications Amid Unilateral Legislation and Protests in Israel

Posted on Jul 22, 2023 by Ifi Reporter

In recent days, international credit rating agencies have taken a keen interest in Israel's economic and political landscape, demanding clarifications from its leaders due to the ongoing...

Macbidnet Implements Advanced SAS System for Anomaly Detection and Risk Management

Posted on Jul 20, 2023 by Ifi Reporter

Macbidnet, a chain of dental clinics under the Maccabi Health Services Group, has partnered with Mia Analytics, the representative of SAS in Israel, to implement a cutting-edge monitoring and...

Business Leaders Protest Legislation and Call for Dialogue to Avert Economic Crisis in Israel

Posted on Jul 20, 2023 by Ifi Reporter

In a show of unity, numerous senior executives from various industries gathered at a protest camp in Jerusalem today, voicing concerns over the ongoing legislative process and its potential...

Sherry Arison sold a portion of her shares in the bank to Klal Insurance totaling NIS 336 million

Posted on Jul 20, 2023 by Ifi Reporter

Bank Hapoalim reported that Sherry Arison had sold a portion of her shares in the bank to Klal Insurance at the lock-in price, totaling NIS 336 million. As a consequence of this...

Egged Israel's leading transportation company, is gearing up to raise NIS 500 million

Posted on Jul 19, 2023 by Ifi Reporter

Egged, Israel's leading transportation company, is gearing up to raise NIS 500 million through a massive fundraiser. The fundraiser will involve issuing bonds that have been assigned a high...

Swiss-Israeli fintech startup Okoora: signing cooperation agreement with the credit card company Max

Posted on Jul 18, 2023 by Ifi Reporter

The Swiss-Israeli fintech startup Okoora announced the signing of a cooperation agreement with the credit card company Max. The collaboration aims to revolutionize the field of foreign exchange...

Materna has shut down one of the production lines for Materna Phase 1 products in Mehdrin

Posted on Jul 18, 2023 by Ifi Reporter

Materna, owned by Osem, announced that it has shut down one of the production lines for Materna Phase 1 products in Mehdrin, due to "recently found microbial findings". In her...

Elbit Systems has secured a contract worth $150 million to supply artillery systems

Posted on Jul 18, 2023 by Ifi Reporter

Elbit Systems has secured a contract worth $150 million to supply artillery systems to an undisclosed international customer. The contract spans a period of three years and includes the delivery...

IBM lays off dozens of development workers in the field of software-based storage

Posted on Jul 17, 2023 by Ifi Reporter

IBM lays off dozens of development workers in the field of software-based storage in Israel. As part of the procedure, the computing giant offered those employees to replace the dismissal with an...

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Electra Group Secures Lucrative Contract for JFK Airport Terminal 1 Lighting System Construction

May 3, 2024 by Ifi Reporter

Expanding its foothold in the United States, Electra Group has announced a significant milestone as its subsidiary, Gilston (51% owned), clinched a subcontracting deal for the construction of the lighting system in the forthcoming Terminal 1 at JFK Airport in New York. The lucrative contract,... Continue reading →

United Airlines Extends Flight Suspension to Israel Amidst Ongoing Security Concerns

May 1, 2024 by Ifi Reporter

United Airlines has announced an extension of its flight suspension to Israel following the recent missile and drone attack by Iran. The American carrier, which initially halted its operations in Israel until May 2, will now refrain from resuming flights until at least May 9, citing ongoing... Continue reading →

Israeli Mortgage Market Sees Average Decrease in March Despite Recovery in Activity

Apr 30, 2024 by Ifi Reporter

March saw a surprising turn in the Israeli mortgage market, with the average mortgage amount decreasing significantly despite a reported recovery in market activity. Data released by the Bank of Israel indicates a notable decline in the average mortgage compared to previous months, marking the... Continue reading →


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