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

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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...

Partner Leads the Way with Full 5G Network Launch and Advanced Core

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

Partner, a major player in the cellular market, has taken a bold step forward by becoming the first to launch a full 5G network with an advanced core. This move positions Partner as a pioneer in...

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BRICKSTONE Reports 16% Surge in Safe Deposit Box Rentals by Israelis Living in Western Europe

Oct 16, 2026 by Ifi Reporter - Dan Bielski

 BRICKSTONE, a company operating three private, high-security safe deposit facilities in Israel, has reported an approximately 16% increase over the past month in safe deposit box rentals by Israelis living in France, Germany, the United Kingdom and Belgium. The company attributes... Continue reading →

Finance Ministry Delay Threatens Entry of 50,000 Foreign Workers into Israel

Oct 16, 2026 by Ifi Reporter - Dan Bielski

A dispute over a NIS 10 million budget transfer from Israel’s Finance Ministry is reportedly holding up a government plan to increase the permitted share of foreign workers in the Israeli economy, potentially delaying the arrival of 50,000 additional workers across several key sectors.... Continue reading →

Shoofra Opens New Store at Israel’s Golden Mall, Investing NIS 1 Million

Oct 16, 2026 by Ifi Reporter - Dan Bielski

 Shoofra, the Israeli footwear retailer known for its colorful, original designs and distinctive shoe brands, has opened a new store on the newly inaugurated floor of Golden Mall in Rishon LeZion. The 170-square-meter store represents an investment of approximately NIS 1 million... Continue reading →

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