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

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Israel and Germany Ink Historic $14 Billion Defense Deal for Arrow 3 Anti-Missile System

Posted on Nov 23, 2023 by Ifi Reporter - Dan Bielski

Israel and Germany have finalized a historic defense deal worth approximately 14 billion shekels, marking the largest such transaction in Israel's history. The Director General of the...

Chief Economist: Israeli Economy Faces Unprecedented Challenges Amidst Ongoing Conflict

Posted on Nov 23, 2023 by Ifi Reporter - Dan Bielski

  Chief Economist at the Ministry of Finance, Shmuel Abramson, delivered a sobering update on Israel's economic outlook for the years 2023 and 2024 in the wake of the ongoing conflict....

Delek Group has announced robust financial results for Q3: NIS 423 million

Posted on Nov 22, 2023 by Ifi Reporter - Dan Bielski

Delek Group, under the leadership of Yitzhak Tshuva and managed by Idan Wells, has announced robust financial results for the third quarter of 2023. The company recorded a profit of NIS 423...

"Enlight Powers Ahead: Exceeds Q3 Earnings Expectations, Plans 2.9 GW Expansion"

Posted on Nov 20, 2023 by Ifi Reporter - Dan Bielski

Enlight, the renewable energy company that completed its IPO on the Nasdaq nine months ago, continues to shine in the market, surpassing earnings per share forecasts for the third consecutive...

October: unemployment rate expanded to 9.6% - official unemployment rate remained at 3.4%

Posted on Nov 20, 2023 by Ifi Reporter - Dan Bielski

In October, Israel's official unemployment rate remained seemingly stable at 3.4%, but the reality is far more dire as the nation grapples with the consequences of the ongoing war. The...

Israeli Cybersecurity Firm Kaimera Technologies Faces Financial Crisis, Seeks Court Protection

Posted on Nov 19, 2023 by Ifi Reporter - Dan Bielski

Kaimera Technologies, a prominent Israeli cybersecurity company specializing in mobile security, submitted an urgent request to the District Court in Tel Aviv today, seeking court protection...

Houthi Militia Seizes Israeli-Owned Cargo Ship in Red Sea, Raising Global Concerns

Posted on Nov 19, 2023 by Ifi Reporter - Dan Bielski

In a development labeled as "a very serious event on a global scale" by the IDF spokesman, the Houthi militia has seized control of the cargo ship GALAXY LEADER in the Red Sea. The...

Cyber Attack Causes Major Disruptions for Leading Companies in Israel

Posted on Nov 19, 2023 by Ifi Reporter - Dan Bielski

In a shocking turn of events, a recent cyber attack targeting the website hosting company Signature-IT has resulted in widespread disruptions affecting numerous prominent businesses, including...

Washington Post: Israel and Hamas have reportedly reached tentative details for a deal to release hostages

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

Israel and Hamas have reportedly reached tentative details for a deal, mediated by the United States, aimed at securing the release of hostages and implementing a five-day truce in the ongoing...

Government Extends Fuel Tax Reduction Ensuring Stable Gasoline Prices Until End of November 2023

Posted on Nov 16, 2023 by Ifi Reporter - Dan Bielski

Minister of Finance has signed orders extending the tax reduction on gasoline until the conclusion of November 2023. Originally set to expire at midnight between November 16 and 17, the...

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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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