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

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Major Technology Giant to Invest $800-900 Million in Energix's Renewable Energy Projects in the US

Posted on Dec 18, 2023 by Ifi Reporter - Dan Bielski

In a groundbreaking collaboration, Energix, a leading player in the renewable energy sector from the Amot Investment Group, has inked a non-binding memorandum of understanding with one of the...

Israel successfully concluded the largest weekly bond issue: impressive NIS 4.4 billion

Posted on Dec 17, 2023 by Ifi Reporter - Dan Bielski

In a remarkable financial feat, the Accountant General's Department at the Ministry of Finance successfully concluded the largest weekly bond issue to date in the local market, totaling an...

Ministry of Energy Approves Tamar Reservoir Partners to Increase Gas Export Permit

Posted on Dec 14, 2023 by Ifi Reporter - Dan Bielski

In a recent development, the partners in the Tamar reservoir have received approval from the Ministry of Energy to boost their export permit from 38.7 BCM to 43 BCM. The initial permit was...

Israeli Credit Card Spending Plummets Amidst War and Post-Holiday Lull

Posted on Dec 12, 2023 by Ifi Reporter - Dan Bielski

Last week witnessed a significant contraction in credit card spending by the Israeli public, marking a 15.8% decline totaling NIS 1.4 billion compared to the average weekly expenditure. Data from...

Record-Breaking Success for Israel's Weekly Bond Offering: 4.4 Billion Shekels Demand Surges 4.3 Times Over

Posted on Dec 11, 2023 by Ifi Reporter - Dan Bielski

In a historic milestone for the financial markets, the Accountant General's Department at the Ministry of Finance achieved an unprecedented feat today with the completion of the largest-ever...

Consumer Confidence Plummets to New Lows Reflecting Economic Woes

Posted on Dec 11, 2023 by Ifi Reporter - Dan Bielski

latest Consumer Confidence Survey by the Central Bureau of Statistics paints a grim picture of the Israeli economy. Published on Monday, the survey indicates a notable deterioration in consumer...

"Castro Group Announces Strategic Overhaul Amidst 'Iron Swords' War Challenges"

Posted on Dec 11, 2023 by Ifi Reporter - Dan Bielski

Castro Group, a prominent player in the fashion industry, has summoned 15 of its junior staff for a crucial hearing, signaling a major shake-up within the company. The move comes as the company...

Knesset Freezes Members' Salaries Amid Economic Challenges and Allocates Savings to Wartime Efforts

Posted on Dec 10, 2023 by Ifi Reporter - Dan Bielski

In a unanimous decision led by MK Ofir Katz, the Knesset committee voted to freeze the salaries of Knesset members, diverting between 6 and 8 million NIS from the state budget to critical...

Strong US Employment Report Boosts Dollar Against Major Currencies

Posted on Dec 8, 2023 by Ifi Reporter - Dan Bielski

In the wake of a robust employment report from the United States, the dollar remains stable against the Israeli shekel at NIS 3.70. The positive data, which surpassed expectations, has notably...

Maersk Implements "War Levy" on Container Shipments to Israel Amidst Security Concerns

Posted on Dec 8, 2023 by Ifi Reporter - Dan Bielski

In response to escalating security risks in the region, Danish shipping giant Maersk has announced the imposition of a "war levy" on container shipments to Israel. Citing a surge in...

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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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