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

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Top Cellular Providers Petition High Court Over "Arbitrary" Frequency Fees

Posted on Aug 21, 2025 by Ifi Reporter - Dan Bielski

The five largest cellular companies in Israel — Partner, HOT Mobile, Pelephone, Cellcom, and Viacom — have filed a petition to the High Court of Justice against the Ministry of...

Dalia Energy Signs Deals with Chinese Firms to Build Two New 850 MW Power Plants in Israel

Posted on Aug 21, 2025 by Ifi Reporter - Dan Bielski

Dalia Energy , controlled by Meshek Energy and led by CEO Oved Debi , has signed two major agreements with Chinese engineering giants to design, procure, and construct...

Shikun & Binui Swings to NIS 133M Profit in Q2 2025 Amid Overseas Real Estate Boom

Posted on Aug 21, 2025 by Ifi Reporter - Dan Bielski

Shikun & Binui posted a significant turnaround in its second-quarter results for 2025, reporting a net profit of NIS 133 million , compared to a loss of NIS 133...

Delek Group Posts 40% Revenue Surge in Q2 Amid Mergers and Energy Sector Challenges

Posted on Aug 20, 2025 by Ifi Reporter - Dan Bielski

Delek Group, controlled by businessman Yitzhak Tshuva, reported a dynamic and eventful second quarter, with total revenues jumping 40% year-over-year to NIS 3.5 billion. The...

Mitronics CEO Sharon Goldenberg Steps Down Amid Prolonged Revenue Decline and Executive Instability

Posted on Aug 20, 2025 by Ifi Reporter - Dan Bielski

Less than four years after his appointment, Sharon Goldenberg will step down as CEO of Mitronics , the once-dominant manufacturer of robotic pool cleaners. The company stated that his...

Gilat Secures $60 Million Order for Aircraft Internet Antennas, Boosts Backlog and Profitability Outlook

Posted on Aug 20, 2025 by Ifi Reporter - Dan Bielski

Gilat Satellite Networks continues its growth momentum, significantly expanding its order backlog with a $60 million deal to supply electronic antennas for in-flight...

Warning Bells Over Israel’s Gas Market: Price Committee Flags Monopoly Risk Amid Chevron Dominance

Posted on Aug 20, 2025 by Ifi Reporter - Dan Bielski

Israel’s Price Committee — a joint body of the Finance and Energy Ministries — raised serious concerns as early as March over a looming risk in the...

Duolingo Stock Soars 12% as Wall Street Backs AI Strategy and Growth Vision

Posted on Aug 18, 2025 by Ifi Reporter - Dan Bielski

Duolingo shares jumped more than 12% on Tuesday following bullish analyst reports from two major investment firms, which dismissed concerns about the threat of artificial intelligence and set...

Cheers to a Record: Palace Modi'in Resident Exhibits Israel’s Largest Beer Glass Collection

Posted on Aug 17, 2025 by Ifi Reporter - Dan Bielski

A special and spirited exhibition is currently on display at the Palace Modi'in assisted living home , showcasing Israel’s largest beer glass collection — nearly 500 unique...

Cheers to a Record? Palace Modi'in Resident Displays Israel's Largest Beer Glass Collection

Posted on Aug 16, 2025 by Ifi Reporter - Dan Bielski

Residents of the Palace Modi'in assisted living home are raising their glasses in admiration of a unique and spirited exhibition now on display—a collection of approximately 500 beer...
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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 Marks New Year with Strategic Product Launches

Oct 2, 2025 by Ifi Reporter - Dan Bielski

About 90 employees of Hadas Water (HDS) gathered at the company’s headquarters in Rishon LeZion to mark the new year with a traditional toast and forward-looking announcements. CEO Udi Simeni outlined the company’s roadmap for 2026, highlighting what he described as a... Continue reading →

Gindi TLV Equips New Towers with YALE® Smart Locks Worth NIS 2 Million

Oct 2, 2025 by Ifi Reporter - Dan Bielski

Real estate developer Gindi TLV has equipped 770 residents of the third and fourth towers in its flagship Tel Aviv residential project with LINUS™ L2 smart locks by YALE® , at a total estimated value of NIS 2 million . The LINUS™ L2 represents Yale’s new... Continue reading →

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