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

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Ben & Jerry's Israel to Invest NIS 130 Million in State-of-the-Art Factory in Kiryat Gat

Posted on Jan 30, 2024 by Ifi Reporter - Dan Bielski

  In a strategic move to expand its operations and bring cutting-edge innovations to the Israeli food industry, Ben & Jerry's Israel has announced plans to establish a new...

Mortgage Market Faces Slump Amidst Ongoing War - Lowest Figures Since October 2019

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

The conflict that erupted on October 7 has left its mark on the Israeli mortgage market, with a notable decline in mortgage activity. According to the Bank of Israel, the total amount of mortgages...

BIRD Foundation Invests $9.6 Million in Innovative US-Israel Joint Projects

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

The BIRD Foundation, the renowned Israel-USA Binational Foundation for Industrial Research and Development, has greenlit an investment of $9.6 million in ten groundbreaking joint projects between...

Turkish Airlines Cancels Flights to Israel Until October 2024 Amid Escalating Diplomatic Crisis

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

Turkish Airlines has announced the cancellation of its flights to Israel until the end of October 2024, raising questions about the future of air travel between the two countries. The decision...

Bezeq and Generation Fund Announce Groundbreaking Partnership in the Electricity Sector

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

Bezeq, Israel's largest telecommunications company, and the Generation Fund revealed the signing of a memorandum of understanding for a strategic collaboration. The partnership aims to...

Economic Recovery Evident as Credit Card Spending Surges Amidst Waning War Intensity

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

resurgence, with public spending on credit cards soaring to approximately NIS 9.544 billion. This marks a significant uptick of 4.9% compared to the average week in 2023, signaling a positive...

Israeli Government Proposes Sweeping Changes to Tobacco Taxation and Duty-Free Imports

Posted on Jan 22, 2024 by Ifi Reporter - Dan Bielski

In a significant move set to reshape the landscape of international travel, the Israeli Ministry of Finance has unveiled draft decrees aimed at imposing substantial tax hikes on cigarettes and...

Cellcom Launches G5 Premium Packages with Enhanced Browsing but Faces Limitations

Posted on Jan 22, 2024 by Ifi Reporter - Dan Bielski

Cellcom, one of Israel's leading cellular providers, has unveiled its new G5 premium packages, priced between NIS 69.9 and NIS 119.9 per month. While these packages promise increased browsing...

Sun Pharma Completes Merger with Taro Pharmaceutical Industries in $1.6 Billion Deal

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

Indian giant Sun Pharma has successfully finalized the merger with Israeli company Taro Pharmaceutical Industries Ltd. After Sun Pharma's proposal to acquire all shares of Taro in May of the...

Post Bank Faces Backlash as it Raises Basic Service Rates by 50%

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

The Post Bank has announced a substantial increase of approximately 50% in rates for essential services, leaving its half a million customers, primarily comprised of a vulnerable population,...

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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 →

Hanukkah Travel Surge Drives Sharp Rise in Passenger Traffic at Ben Gurion Airport

Dec 14, 2025 by Ifi Reporter - Dan Bielski

Hanukkah is already being felt across Ben Gurion Airport , with passenger traffic rising sharply and the terminal returning to a high-intensity operational rhythm. According to the Israel Airports Authority , approximately 508,000 passengers are expected to pass through the airport on... 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 →

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