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

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Israel Railways Expands Services Across the Country as Sderot Station Reopens

Posted on Mar 21, 2024 by Ifi Reporter - Dan Bielski

Israel Railways has announced an extensive expansion of its services, coinciding with the reopening of the Sderot station. Commencing Saturday night, March 30, 2024, night trains will operate...

Canada's foreign minister: We will stop supplying arms to Israel

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

Canada's foreign minister, Melanie Jolly, said today (Tuesday) that her country will stop supplying arms to Israel. This, after yesterday the Canadian House of Representatives approved a bill...

Eilat Port Management Sparks Outcry with Proposed Layoffs Amidst Ongoing Crisis

Posted on Mar 19, 2024 by Ifi Reporter - Dan Bielski

The port of Eilat finds itself embroiled in controversy as management announces plans to terminate approximately half of its workforce, affecting 60 port employees. The decision comes amidst...

Israeli cyber company Oxeye is being sold for approximately $40 million to GitLab

Posted on Mar 19, 2024 by Ifi Reporter - Dan Bielski

The Israeli cyber company Oxeye is being sold for approximately $40 million to GitLab, which offers a platform for open source software development, after the latter had already recently acquired...

Government Approves Construction of Two New Power Plants Despite Local Opposition

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

  National Infrastructures Committee has given its approval for the construction of two new power plants in the Ha'aretz tender. The decision comes despite heavy objections from...

White House National Security Advisor: Deputy head of the Hamas military wing Marwan Issa, was killed by Israel

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

The White House National Security Advisor, Jake Sullivan, said that the deputy head of the Hamas military wing, Marwan Issa, was killed in an Israeli bombardment in the Gaza Strip last week. In...

User Captain Daniel Peretz, (22) fell in battle on October 7 - His body is in Hamas hands

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

Captain Daniel Peretz, 22 years old from Mid Binyamin, fell in battle on October 7, and his body is being held by Hamas in the Gaza Strip - this was allowed to be published today. Peretz was a...

Israrli owned mattress company Resident is sold for a billion dollars to the American furniture company Ashley Home

Posted on Mar 13, 2024 by Ifi Reporter - Dan Bielski

The mattress company Resident is sold for a billion dollars to the American furniture company Ashley Home. Among the biggest beneficiaries of the transaction are the founders Ran Raska, Craig...

Israeli Wiz company (Wiz) acquires the Israeli start-up Gem Security for 350 million dollars

Posted on Mar 13, 2024 by Ifi Reporter - Dan Bielski

The Israeli Wiz company (Wiz) acquires the Israeli start-up Gem Security (Gem Security) for 350 million dollars. The purchase was first reported by the Bloomberg website and is expected to be a...

International Bank ended the year 2023 with a profit of NIS 2.17 billion, a jump of 30.3%

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

The International Bank ended the year 2023 with a profit of NIS 2.17 billion, a jump of 30.3% compared to 2022 - the profit reflects a return on capital of 19.7%, compared to 16.6% in 2022. The...

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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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