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Israeli Salaried Workers Enjoy Rising Incomes - High-Tech Sector Flourishes
Posted on Sep 4, 2023 by Ifi Reporter
The latest data released by the Central Bureau of Statistics paints a promising picture for salaried workers in Israel. According to the bureau's report, the average salary for a salaried...
Angel Bakery Overcomes Boycott and Reports 14% Sales Growth in First Half of 2023
Posted on Aug 31, 2023 by Ifi Reporter
Angel Bakery, despite facing an ultra-Orthodox boycott in May, has managed to achieve a remarkable 14% increase in sales during the first half of 2023, amounting to NIS 251 million. The...
Tourism Slump in July Raises Concerns for Israeli Hotel Industry
Posted on Aug 29, 2023 by Ifi Reporter
The tourism industry in Israel experienced a disappointing July, with the Hotel Association expressing concerns about the implications of the downturn. Contrary to the traditionally bustling...
Eckerstein Group Reports Impressive Second Quarter 2023 Results with 116% Net Profit Surge
Posted on Aug 29, 2023 by Ifi Reporter
Eckerstein Group has announced a staggering 116% surge in net profit during the second quarter of 2023, reaching NIS 19 million. This substantial growth in profit has been attributed to a robust...
IBI Investment House Reports Soaring Q2 2023 Profits and Increased Revenues
Posted on Aug 29, 2023 by Ifi Reporter
IBI Investment House, a prominent player in the financial sector, has just released its financial reports for the second quarter of 2023, revealing impressive growth in net profits and revenues....
Israel Secures 28 Million Eggs Ahead of Holidays to Prevent Shortage
Posted on Aug 28, 2023 by Ifi Reporter
In a bid to avert potential egg shortages during the upcoming holidays, Israel's Ministry of Agriculture has granted import licenses for a staggering 28 million eggs from Ukraine, Spain, and...
Ministry of Energy and Infrastructure Greenlights 60% Expansion in Natural Gas Supply from Tamar Reservoir
Posted on Aug 23, 2023 by Ifi Reporter
Ministry of Energy and Infrastructure has taken steps to accelerate the expansion of natural gas supply from the Tamar reservoir. The ministry's professionals estimate that this expansion...
Competition Authority Summons Strauss for Alleged Attempted Price-Fixing Scheme
Posted on Aug 21, 2023 by Ifi Reporter
Competition Authority has summoned food industry giant Strauss for a hearing following suspicions of attempting to orchestrate a binding arrangement aimed at increasing prices. The move comes...
Clal Holdings Reports Strong Second Quarter 2023 Results Fueled by MAX Acquisition
Posted on Aug 20, 2023 by Ifi Reporter
Clal Holdings, under the leadership of CEO Yoram Neve, unveiled its impressive financial results for the second quarter of 2023. The company's strategic move to acquire MAX, a credit card...
Summer Layoffs in Israel Affect Thousands of Workers Amid Changing Consumption Habits
Posted on Aug 20, 2023 by Ifi Reporter
Amid the scorching heat of the summer months, Israeli workplaces have once again witnessed a wave of layoffs, impacting thousands of workers, with women bearing the brunt of the job losses. As...
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