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

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Government Unanimously Approves Postponement of Local Authority Elections by Four Weeks

Posted on Dec 31, 2023 by Ifi Reporter - Dan Bielski

In a unanimous decision, the government has sanctioned a four-week delay in the upcoming local authority elections, pushing the date from January 30, 2024, to February 27. The move was prompted...

Bank of Israel Halts Dollar Sales as Shekel Strengthens; Exporters Face Challenges Amid Economic Shifts

Posted on Dec 30, 2023 by Ifi Reporter - Dan Bielski

Bank of Israel announced a cessation of foreign currency sales in November 2023, as the shekel experienced a notable strengthening trend. The foreign currency balances at the end of the month...

Government Companies Authority Director Resigns Amidst Struggles with Minister Amsalem

Posted on Dec 30, 2023 by Ifi Reporter - Dan Bielski

Michal Rosenbaum, the Director of the Government Companies Authority, has submitted her resignation to Prime Minister Binyamin Netanyahu, citing her inability to perform her duties properly. The...

Israeli Businessman Abramovich Files Lawsuit Against Mizrahi Tefahot Bank Over Blocked Donation to Zaka Organization

Posted on Dec 27, 2023 by Ifi Reporter - Dan Bielski

In a legal battle that has unfolded in the midst of the ongoing conflict in Ukraine, prominent Israeli businessman Roman Abramovich, alongside the Zaka organization, has initiated legal...

Israeli Economy Shows Resilience Amidst Challenges: CBS Reveals Revenue Trends

Posted on Dec 27, 2023 by Ifi Reporter - Dan Bielski

Central Bureau of Statistics (CBS) unveiled the revenue indices reflecting the economic performance of various sectors in Israel. The data, covering the period from August to October of the...

Government Unveils "Recruited for Reserves" Program: NIS 9 Billion Aid Package for Reserve Servants and Families

Posted on Dec 27, 2023 by Ifi Reporter - Dan Bielski

In a significant move aimed at supporting reserve soldiers and their families affected by the ongoing conflict, Finance Minister Bezalel Smotrich and Defense Minister Yoav Galant unveiled the...

Finance Committee Reveals Controversial Taxation Measures Amidst 2024 Budget Discussions

Posted on Dec 25, 2023 by Ifi Reporter - Dan Bielski

In a heated session chaired by MK Moshe Gafni, the Finance Committee engaged in discussions surrounding proposed taxation measures to accompany the 2024 budget. The committee disclosed that...

Banking Supervision Extends Relief Measures Amidst Ongoing Conflict in Gaza

Posted on Dec 25, 2023 by Ifi Reporter - Dan Bielski

In response to the evolving situation and the recent announcement by the Bank of Israel, the Banking Supervision has declared an extension of the temporary order, Proper Banking Management 251,...

Halal Communications Soars in Q3 with Robust Profits and Strategic Investment

Posted on Dec 25, 2023 by Ifi Reporter - Dan Bielski

Halal Communications, led by CEO Dan Zicek, has closed the third quarter of the year with a significant surge in operating profit. This follows a strategic move in November, when the company...

Strong Demand for Mizrahi Tefahot's Latest Bond Offering Signals Confidence in Bank's Position

Posted on Dec 21, 2023 by Ifi Reporter - Dan Bielski

In a notable financial development on Wednesday night, institutional bodies demonstrated robust demand, injecting approximately NIS 4 billion into the market, with Bank Mizrahi Tefahot securing a...

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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 →

Israeli High-Tech Investors Move to Secure Future of Channel 13

Mar 13, 2026 by Ifi Reporter - Dan Bielski

A group of Israeli high-tech investors has stepped in to support the future of Channel 13 , in a move that supporters say is intended to preserve independent journalism and strengthen pluralistic media in Israel. The development emerged amid uncertainty surrounding the channel’s... 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 →

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