News

Delek Group closed the year 2023 with record performance that includes revenues of NIS 12.3 billion

Posted on Mar 27, 2024 by Ifi Reporter - Dan Bielski

Delek Group, controlled by businessman Yitzhak Tshuva and managed by Idan Wells, closed the year 2023 with record performance that includes revenues of NIS 12.3 billion, net profit of NIS 1.6...

Strauss Reports Strong 2023 Performance with Surging Sales and Profits

Posted on Mar 26, 2024 by Ifi Reporter - Dan Bielski

Strauss, the renowned food and beverage conglomerate, has announced impressive financial results for the fiscal year 2023, showcasing robust growth in both sales and profits across its diverse...

Elbit to record results, with an increase in sales - increase of 8.4% compared to last year

Posted on Mar 26, 2024 by Ifi Reporter - Dan Bielski

The combination between the war of iron swords and the war in Ukraine brought Elbit to record results, with an increase in sales to the Ministry of Defense and European countries. The company is...

Tikva Chadasha Party Chairman Gideon Sa'ar Resigns from Government Over War Cabinet Dispute

Posted on Mar 25, 2024 by Ifi Reporter - Dan Bielski

Gideon Sa'ar, the chairman of the Tikva Chadasha party, announced his resignation from the government along with fellow party member Minister Yifat Shasha Biton on Monday evening. Sa'ar...

Banks Report Increase in Fee Income Despite Market Challenges and War Impacts

Posted on Mar 25, 2024 by Ifi Reporter - Dan Bielski

In the face of decreased activity in the capital market and the disruptive effects of ongoing conflict, banks have announced a notable uptick in fee income for the fiscal year 2023. According to...

Qualcomm: We canceled the purchase deal with Israel's Autotox for $350 million

Posted on Mar 23, 2024 by Ifi Reporter - Dan Bielski

Qualcomm, the American semiconductor giant, has announced the cancellation of its purchase deal with Israel's Autotox for $350 million. The decision comes after the deal failed to secure...

Israel Railways Expands Services Across the Country as Sderot Station Reopens

Posted on Mar 21, 2024 by Ifi Reporter - Dan Bielski

Israel Railways has announced an extensive expansion of its services, coinciding with the reopening of the Sderot station. Commencing Saturday night, March 30, 2024, night trains will operate...

Canada's foreign minister: We will stop supplying arms to Israel

Posted on Mar 20, 2024 by Ifi Reporter - Dan Bielski

Canada's foreign minister, Melanie Jolly, said today (Tuesday) that her country will stop supplying arms to Israel. This, after yesterday the Canadian House of Representatives approved a bill...

Eilat Port Management Sparks Outcry with Proposed Layoffs Amidst Ongoing Crisis

Posted on Mar 19, 2024 by Ifi Reporter - Dan Bielski

The port of Eilat finds itself embroiled in controversy as management announces plans to terminate approximately half of its workforce, affecting 60 port employees. The decision comes amidst...

Israeli cyber company Oxeye is being sold for approximately $40 million to GitLab

Posted on Mar 19, 2024 by Ifi Reporter - Dan Bielski

The Israeli cyber company Oxeye is being sold for approximately $40 million to GitLab, which offers a platform for open source software development, after the latter had already recently acquired...

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