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

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Rapyd the digital payment platform is laying off about 30 employees

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

Rapyd, the digital payment platform, is laying off about 30 employees - almost 4% of the company's approximately 800 employees. Most of the laid-off are programmers, according to the source...

NIS 1.2 billion for the ultra-Orthodox through the 3,438 "discount apartment" tenders

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

Tomorrow (Monday) one of the largest and most important housing tenders of this year is expected to take place: a tender for the construction of 3,438 apartments in the new ultra-Orthodox...

Organizers of "Eurosatory" arms exhibition intend to appeal against a ruling that Israeli companies can't take part

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

The organizers of the important "Eurosatory" arms exhibition that will take place this week in France intend to appeal the ruling issued by the country's court last week, which...

Discount's board of directors approved the bank's decision to purchase from Persal its share in Paybox

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

Discount's board of directors approved the bank's decision to purchase from Persal its share in Paybox for NIS 77 million and will become the sole owner of the company....

Israeli Ilit Raz was indicted for defrauding investors in the amount of at least 21 million dollars

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

The American Securities and Exchange Commission filed an indictment against Israeli Ilit Raz, the founder and CEO of the artificial intelligence startup Joonko. The lawsuit filed in the District...

Deficit in the government's activities climbed in May and reached 7.2%

Posted on Jun 10, 2024 by Ifi Reporter - Dan Bielski

The d eficit in the government's activities climbed in May and reached 7.2% , compared to a deficit of 7% in April - according to the budget execution estimate of the Accountant General at...

Security Council adopted the proposal that calls on Hamas to accept the hostage deal

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

The Security Council adopted tonight (Monday) the proposal that calls on Hamas to accept the hostage deal. 14 countries are in favor and Russia abstained. The proposed American resolution calls...

Optimism Abounds: Israeli Real Estate Industry Shows Signs of Recovery in Q1 2024

Posted on Jun 8, 2024 by Ifi Reporter - Dan Bielski

The Chief Economist Division of the Ministry of Finance has released its much-anticipated review of Israel's real estate sector for the first quarter of 2024, painting a picture of optimism...

Alphabet announced the appointment of Israeli Anat Ashkenazi as the new CFO

Posted on Jun 6, 2024 by Dan Bielski

Alphabet, Google's parent company, announced the appointment of Israeli Anat Ashkenazi as the new CFO, replacing Ruth Porat, who announced last year that she would retire from the position....

One Technologies Reports Record Profits and Organic Growth in Q1 2024

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

One Technologies, a leading player in the technology sector, has announced its financial results for the first quarter of 2024, revealing impressive organic growth and record profits. 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 →

Former NBA Star Omri Casspi Raises $250 Million for Third Venture Fund

Sep 4, 2026 by Ifi Reporter - Dan Bielski

Former NBA player Omri Casspi has raised $250 million for the third fund of his venture capital firm, Swish Ventures, marking another major milestone in his transition from professional basketball to the technology investment world. The new fund brings Swish Ventures' total assets... Continue reading →

Why AI Adoption on the Factory Floor Is Far More Complicated Than a Successful Demo

Aug 25, 2026 by Ifi Reporter - Dan Bielski

The integration of artificial intelligence (AI) has become a major priority for technology companies and startups. Yet when AI solutions move from development environments to the physical factory floor, the reality can be considerably more complex.... Continue reading →

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