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

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Isrotel is making significant strides in its international expansion efforts

Posted on Dec 7, 2023 by Ifi Reporter - Dan Bielski

Isrotel, the prominent Israeli hotel chain under the Lewis family's control and managed by Lior Raviv, is making significant strides in its international expansion efforts. The company has...

Manufacturers' Association Urges Government to Cancel Local Election Sabbath Day Amidst Economic Challenges

Posted on Dec 7, 2023 by Ifi Reporter - Dan Bielski

n response to the financial strains imposed by the ongoing war and the imperative to cut costs, Dr. Ron Tomer, President of the Federation of Manufacturers, has called upon Finance Minister...

Israeli Diamond Industry Faces Significant Declines Amidst War of Iron Swords

Posted on Dec 7, 2023 by Ifi Reporter - Dan Bielski

In the midst of the ongoing War of Iron Swords, the global and Israeli diamond industry continues to grapple with a negative trend that has persisted since the outbreak of the conflict in...

Sentinel One Surges on Wall Street Following Strong Q3 Performance and Upgraded Annual Forecast

Posted on Dec 6, 2023 by Ifi Reporter - Dan Bielski

Shares of Israeli cybersecurity firm Sentinel One experienced a substantial 16.6% surge in Wednesday's Wall Street trading. This boost was attributed to the company surpassing analysts'...

Israeli Cloud Security Firm Wiz Acquires Raftt to Enhance Developer Collaboration

Posted on Dec 5, 2023 by Ifi Reporter - Dan Bielski

Israeli cloud security company Wiz has announced its first acquisition, securing the Israeli startup Raftt, founded in 2020 by Roi Yarachi and Gal Sharaf. While the financial details of the deal...

Incredibuild Announces Workforce Reduction Amidst Challenging Market Conditions

Posted on Dec 5, 2023 by Ifi Reporter - Dan Bielski

Hybrid development platform developer Incredibuild is set to lay off approximately 20% of its workforce, affecting an estimated 40 employees globally, with a significant portion from its Israeli...

Elections in Local Authorities Postponed to January 30 Amid Ongoing War and Evacuations

Posted on Dec 4, 2023 by Ifi Reporter - Dan Bielski

Interior Minister Moshe Arbel revealed that elections for local authorities, originally slated for January 30, 2024, will be postponed in areas where residents have been evacuated due to the...

Cybersecurity Giant Wiz Expands Its Portfolio with Acquisition of Israeli Start-up Raftt

Posted on Dec 4, 2023 by Ifi Reporter - Dan Bielski

In a strategic move to enhance its capabilities in the cyber realm, leading cybersecurity company Wiz has successfully acquired the Israeli start-up Raftt. The deal, valued at an estimated tens...

sraeli Businessman's Merchant Ship Attacked in Red Sea; Houthi Rebels Claim Responsibility

Posted on Dec 3, 2023 by Ifi Reporter - Dan Bielski

A merchant ship owned by British company Unity, belonging to Israeli businessman Danny Unger, was targeted by missile fire in the Red Sea today, as confirmed by the AFP news agency. The vessel,...

El Al and Israir Navigate War Challenges, Report Strong Financial Performance in Q3 2023

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

In a resilient display of financial strength amid the challenges posed by the ongoing war, El Al, under the leadership of CEO Dina Ben Tal Gnansia, has reported an impressive 11% increase 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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