News

Israrli owned mattress company Resident is sold for a billion dollars to the American furniture company Ashley Home

Posted on Mar 13, 2024 by Ifi Reporter - Dan Bielski

The mattress company Resident is sold for a billion dollars to the American furniture company Ashley Home. Among the biggest beneficiaries of the transaction are the founders Ran Raska, Craig...

Israeli Wiz company (Wiz) acquires the Israeli start-up Gem Security for 350 million dollars

Posted on Mar 13, 2024 by Ifi Reporter - Dan Bielski

The Israeli Wiz company (Wiz) acquires the Israeli start-up Gem Security (Gem Security) for 350 million dollars. The purchase was first reported by the Bloomberg website and is expected to be a...

International Bank ended the year 2023 with a profit of NIS 2.17 billion, a jump of 30.3%

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

The International Bank ended the year 2023 with a profit of NIS 2.17 billion, a jump of 30.3% compared to 2022 - the profit reflects a return on capital of 19.7%, compared to 16.6% in 2022. The...

Dramatic Shifts in Second Round of Local Elections: Yahav wins in Haifa

Posted on Mar 11, 2024 by Ifi Reporter - Dan Bielski

In a surprising turn of events, the second round of local elections has brought about significant changes in several municipalities across the country. After two weeks of anticipation following...

Cal profits decreased in the fourth quarter of 2023 by 36% to NIS 26 million

Posted on Mar 11, 2024 by Ifi Reporter - Dan Bielski

The war of iron swords that started at the beginning of the fourth quarter gave its signals on the results of the credit card companies. The company's profits decreased in the fourth quarter...

Economic Committee to Debate Bill Prohibiting Price Increases During Wartim

Posted on Mar 6, 2024 by Ifi Reporter - Dan Bielski

The battle against price hikes in the food industry is set to take center stage once again as a bill is brought before the Economic Committee on Wednesday. Competition Commissioner Adv. Michal...

Families and Supporters Rally in Jerusalem for Return of Abductees Road Blocks in Tel Aviv

Posted on Mar 2, 2024 by Ifi Reporter - Dan Bielski

In recent days, families of abductees and thousands of supporters converged on Jerusalem, culminating in a large rally calling for the return of the abducted individuals. The demonstration,...

Two Israelis have been Killed in West Bank Gas Station Shooting

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

In a tragic incident today, two Israeli citizens lost their lives in a shooting attack at a gas station near the entrance to the Ali settlement in the West Bank. The victims have been identified...

ICL Navigates Challenges in 2023 - Eyes Stabilization and Growth in 2024

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

Israel Chemicals Ltd. (ICL) faced a tumultuous year in 2023, encountering various challenges across its sectors. However, amidst difficulties, signs of stabilization in the potash market emerged,...

Knesset Extends Age of Exemption from Reserve Service Amid Controversy

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

Knesset has approved a bill to raise the age of exemption from reserve service, passing it in second and third readings as part of a temporary order. The proposal garnered support from coalition...

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