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

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Bezeq and Generation Fund Announce Groundbreaking Partnership in the Electricity Sector

Posted on Jan 28, 2024 by Ifi Reporter - Dan Bielski

Bezeq, Israel's largest telecommunications company, and the Generation Fund revealed the signing of a memorandum of understanding for a strategic collaboration. The partnership aims to...

Economic Recovery Evident as Credit Card Spending Surges Amidst Waning War Intensity

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

resurgence, with public spending on credit cards soaring to approximately NIS 9.544 billion. This marks a significant uptick of 4.9% compared to the average week in 2023, signaling a positive...

Israeli Government Proposes Sweeping Changes to Tobacco Taxation and Duty-Free Imports

Posted on Jan 22, 2024 by Ifi Reporter - Dan Bielski

In a significant move set to reshape the landscape of international travel, the Israeli Ministry of Finance has unveiled draft decrees aimed at imposing substantial tax hikes on cigarettes and...

Cellcom Launches G5 Premium Packages with Enhanced Browsing but Faces Limitations

Posted on Jan 22, 2024 by Ifi Reporter - Dan Bielski

Cellcom, one of Israel's leading cellular providers, has unveiled its new G5 premium packages, priced between NIS 69.9 and NIS 119.9 per month. While these packages promise increased browsing...

Sun Pharma Completes Merger with Taro Pharmaceutical Industries in $1.6 Billion Deal

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

Indian giant Sun Pharma has successfully finalized the merger with Israeli company Taro Pharmaceutical Industries Ltd. After Sun Pharma's proposal to acquire all shares of Taro in May of the...

Post Bank Faces Backlash as it Raises Basic Service Rates by 50%

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

The Post Bank has announced a substantial increase of approximately 50% in rates for essential services, leaving its half a million customers, primarily comprised of a vulnerable population,...

Wissotzky Green Tea Monopoly Announces Price Hikes Amidst Industry Uproar

Posted on Jan 18, 2024 by Ifi Reporter - Dan Bielski

Wissotzky, a company dominating the green tea and herbal infusions market, has declared an impending price increase of approximately 8% on its magical garden and chai experience series, with...

El Al Faces Class Action Lawsuit Over Alleged Misleading Seat Practices

Posted on Jan 18, 2024 by Ifi Reporter - Dan Bielski

Tel Aviv District Court has given the green light to a class action lawsuit against El Al, the Israeli airline. The suit represents all El Al customers who purchased a flight ticket and were...

Ministry of Agriculture Boosts Egg Import Quota to Meet Local Demand by 30 Million Eggs for 3 Months

Posted on Jan 18, 2024 by Ifi Reporter - Dan Bielski

In response to a projected decrease in local egg production, the Ministry of Agriculture has announced a significant increase in the duty-free import quotas for eggs. The new quota, set at 30...

Entrepreneur Gabriel Eckstein Makes Multi-Million Shekel Exit as Food Appil Acquires Art Judaica

Posted on Jan 18, 2024 by Ifi Reporter - Dan Bielski

In a landmark deal at the beginning of January, entrepreneur Gabriel "Gabi" Eckstein, just three months shy of his 85th birthday, orchestrated a significant exit from the business...

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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 →

Former NBA Star Omri Casspi Raises $250 Million for Third Venture Fund

Sep 4, 2026 by Ifi Reporter - Dan Bielski

Former NBA player Omri Casspi has raised $250 million for the third fund of his venture capital firm, Swish Ventures, marking another major milestone in his transition from professional basketball to the technology investment world. The new fund brings Swish Ventures' total assets... Continue reading →

Why AI Adoption on the Factory Floor Is Far More Complicated Than a Successful Demo

Aug 25, 2026 by Ifi Reporter - Dan Bielski

The integration of artificial intelligence (AI) has become a major priority for technology companies and startups. Yet when AI solutions move from development environments to the physical factory floor, the reality can be considerably more complex.... Continue reading →

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