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

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Former Democratic Senator Joe Lieberman Passes Away at 82 - fell at home

Posted on Mar 28, 2024 by Ifi Reporter - Dan Bielski

The political arena mourns the loss of former Democratic Senator Joe Lieberman, who passed away yesterday at the age of 82. Lieberman, a trailblazer in American politics, made history as the...

Terrorist Attack Targets Civilians on Route 90 Near Oja in the Jordan valley

Posted on Mar 28, 2024 by Ifi Reporter - Dan Bielski

In a harrowing incident earlier this morning, a shooting attack rocked Route 90 near Oja in the Jordan valley. According to initial reports, a terrorist ambushed a passing bus in the area,...

Nationwide High School Strike Declared in Israel Amidst Salary Dispute

Posted on Mar 27, 2024 by Ifi Reporter - Dan Bielski

The National Student and Youth Council, alongside parent leaders, issued a stern announcement on Wednesday, declaring a strike in all high schools across Israel starting Thursday. This drastic...

Rafael presents sales surge in 2023 by 21% to reach NIS 14.043 billion

Posted on Mar 27, 2024 by Ifi Reporter - Dan Bielski

Rafael, a leading defense technology company, has released its financial results for 2023, showcasing impressive growth across key metrics. The company's sales surged by 21% to reach NIS...

Delek Group closed the year 2023 with record performance that includes revenues of NIS 12.3 billion

Posted on Mar 27, 2024 by Ifi Reporter - Dan Bielski

Delek Group, controlled by businessman Yitzhak Tshuva and managed by Idan Wells, closed the year 2023 with record performance that includes revenues of NIS 12.3 billion, net profit of NIS 1.6...

Strauss Reports Strong 2023 Performance with Surging Sales and Profits

Posted on Mar 26, 2024 by Ifi Reporter - Dan Bielski

Strauss, the renowned food and beverage conglomerate, has announced impressive financial results for the fiscal year 2023, showcasing robust growth in both sales and profits across its diverse...

Elbit to record results, with an increase in sales - increase of 8.4% compared to last year

Posted on Mar 26, 2024 by Ifi Reporter - Dan Bielski

The combination between the war of iron swords and the war in Ukraine brought Elbit to record results, with an increase in sales to the Ministry of Defense and European countries. The company is...

Tikva Chadasha Party Chairman Gideon Sa'ar Resigns from Government Over War Cabinet Dispute

Posted on Mar 25, 2024 by Ifi Reporter - Dan Bielski

Gideon Sa'ar, the chairman of the Tikva Chadasha party, announced his resignation from the government along with fellow party member Minister Yifat Shasha Biton on Monday evening. Sa'ar...

Banks Report Increase in Fee Income Despite Market Challenges and War Impacts

Posted on Mar 25, 2024 by Ifi Reporter - Dan Bielski

In the face of decreased activity in the capital market and the disruptive effects of ongoing conflict, banks have announced a notable uptick in fee income for the fiscal year 2023. According to...

Qualcomm: We canceled the purchase deal with Israel's Autotox for $350 million

Posted on Mar 23, 2024 by Ifi Reporter - Dan Bielski

Qualcomm, the American semiconductor giant, has announced the cancellation of its purchase deal with Israel's Autotox for $350 million. The decision comes after the deal failed to secure...

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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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