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

News

Minimum wage in Israel will increase for the second time in a year: NIS 5,880

Posted on Mar 31, 2024 by Ifi Reporter - Dan Bielski

Good news especially for minimum-wage workers. Tomorrow, on April 1, the minimum wage in Israel will increase for the second time in a year by a significant amount. Starting with the April...

Israir updated its baggage policy on the international flights it operates: price will include personal hand luggage only

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

On April 1, the airline owned by businessman Rami Levy, Israir, updated its baggage policy on the international flights it operates, according to Passport News, the change will apply to orders...

CEO of the IT company award will go to Shay Basson CEO of Malam Timm

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

The awarding ceremony for excellence in the People and Computer IT Awards competition is imminent - it will take place next Thursday at Lago in Rishon Lezion and will celebrate, as every year, the...

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...

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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 →

Hadas Water unveiled a first-of-its-kind under-sink system for Shabbat observant users

Mar 13, 2026 by Ifi Reporter - Dan Bielski

Israeli company Hadas Water , a developer and manufacturer of purified water bars, has unveiled a first-of-its-kind under-sink system in Israel designed to provide hot and cold purified water while incorporating a special mechanism adapted for Shabbat observant users. The system,... Continue reading →

Idit Catering Wins Tender to Operate Meat Restaurant Network at Rafael

Mar 12, 2026 by Ifi Reporter - Dan Bielski

The catering company Idit Catering , part of the Dan Hotels Group , has won a tender to operate the meat restaurant network at the facilities of Rafael Advanced Defense Systems , one of Israel’s leading defense companies. Under the agreement, Idit will... Continue reading →

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