News

Cisco acquired the Robust Intelligence company founded by the Israeli professor of mathematics Yaron Singer

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

The communications giant Cisco acquired the Robust Intelligence company founded by the Israeli professor of mathematics Yaron Singer. The amount of the purchase was not disclosed. The...

Israeli Government Approves Second Breach of 2024 Budget, Increasing Spending by NIS 3.3 Billion

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

The Israeli government approved a significant breach of the 2024 budget today (Sunday), marking the second time the budget has been opened this year. The decision increases total government...

An officer and six fighters were injured when a missile was fired from an IDF fighter jet

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

An officer in a paratrooper patrol was killed this morning (Monday) and six fighters were injured when a missile was fired from an IDF fighter jet at a building where the force was staying in...

Israeli company Cyberark announced it has signed an agreement to purchase Venafi for $1.54 billion

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

A huge high-tech deal: The Israeli company Cyberark announced that it has signed an agreement to purchase Venafi for $1.54 billion - $1 billion in cash and the balance in Cyberark shares....

Zim shipping company published excellent reports for the second quarter

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

The Zim shipping company controlled by Idan Ofer published excellent reports for the second quarter of 2024 and raised the forecast for the entire year. Zim shares jump more than 14% in...

Shanghai ranking: Three Israeli institutions were ranked among the 100 best universities

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

The Israeli academy maintained its position in the Shanghai ranking, the world's most important university ranking. Three Israeli institutions were ranked among the 100 best universities in...

Discount Bank Reports Strong Q2 2024 Financial Results with NIS 1.04 Billion Net Profit

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

Discount Bank has released its financial statements for the second quarter of 2024, reporting a robust net profit of NIS 1.04 billion. The return on equity for Israel’s fourth-largest bank...

Israel Aerospace Industries Reports Record Profits and Growth in First Half of 2024

Posted on Aug 14, 2024 by Ifi Reporter - Dan Bielski

In the first half of 2024, IAI achieved a net profit of $294 million, a 78% increase from the $165 million reported in the same period last year, making it the most profitable half-year in the...

Bank Leumi Reports NIS 2.2 Billion Profit for Q2 2024 Despite Setbacks from National Valley Investment

Posted on Aug 14, 2024 by Ifi Reporter - Dan Bielski

Bank Leumi’s attributed equity increased by 12.9%, reaching NIS 58.4 billion at the end of Q2 2024, compared to NIS 51.8 billion in the same period last year. The bank's...

Canadian company Element Fleet purchased the Israeli Autofleet for approximately 110 million

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

The Canadian company Element Fleet, traded on the Toronto Stock Exchange, purchased the Israeli company Autofleet for approximately 110 million dollars. Element Fleet is the world's...

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