News

Fed Lowers Interest Rates by 0.5% After 14-Month Pause; Further Cuts Expected

Posted on Sep 18, 2024 by Ifi Reporter - Dan Bielski

In a significant move, the US Federal Reserve reduced its key interest rate by 0.5% on Wednesday, marking the first cut in 14 months and bringing the rate down to a range of 4.75%-5%. This is...

Israeli Ag-Tech Company Suplant in Advanced Negotiations for $250 Million Sale to Arab Partner Under Abraham Accords

Posted on Sep 18, 2024 by Ifi Reporter - Dan Bielski

The Abraham Accords, which marked a historic shift in relations between Israel and several Arab nations, have paved the way for significant business collaborations, particularly in...

State Attorney Considers Indicting Senior Executives of Yount Credit Including Former Finance Minister Moshe Kahlon

Posted on Sep 17, 2024 by Ifi Reporter - Dan Bielski

The State Attorney's Office has notified several senior officials and officers of the public company "Yount Credit," including former Finance Minister Moshe Kahlon, that it is...

Roy Kahlon will be the next director of the Companies Authority

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

Roy Kahlon will be the next director of the Companies Authority. This is how the search committee headed by the director of the Yankee Quint Authority decided to recommend Kahlon to Minister...

Sharp Decline in Income Guarantee Claimants: Lowest in 30 Years Amid Rising Cost of Living

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

The number of income guarantee claimants in Israel fell to 45,800 in August, marking the lowest figure in three decades, according to the Employment Service's Labor Market Pulse...

Cellcom won the IDF's mobile phone tender in the amount of NIS 40 million for three years

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

The telecommunications company Cellcom won the IDF's mobile phone tender in the amount of NIS 40 million for three years . The tender includes the supply of communication services and...

Partner informed its customers that it will start charging money for its email box

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

Partner informed its customers that it will start charging money for its email box. "Suddenly we received a message that we would pay or cancel the email. You have to take into account that...

Huge purchase: Salesforce buys the Israeli unicorn Own for $1.9 billion

Posted on Sep 5, 2024 by Ifi Reporter - Dan Bielski

Huge purchase: Salesforce buys the Israeli unicorn Own (formerly OwnBackup), which specializes in backing up cloud systems, for $1.9 billion. This is a cash transaction. The Israeli company...

Ministry of Finance estimates a change in the scope of the payment to be given to reservists will save hundreds of millions

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

The Ministry of Finance is promoting a change in the scope of the payment to be given to reservists and formulated a decision-making proposal that is expected to be discussed in the government....

ICL signed a new deal in China with a total financial scope of 170 million dollars

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

The ICL company controlled by businessman Idan Ofer signed a new deal in China today with a total financial scope of 170 million dollars. As part of the deal, ICL will supply soluble fertilizers...

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