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

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Miriam Adelson Leads Israel's Richest in Global Wealth Rankings and Eyal Ofer follows

Posted on Jan 13, 2024 by Ifi Reporter - Dan Bielski

About a week into the new year, Forbes Magazine has unveiled the latest rankings of Israel's wealthiest individuals, showcasing notable financial movements and gains in the first weeks of...

Lawsuit Alleges Harvard University Failed to Address Surge in Anti-Semitism Since Hamas Attack

Posted on Jan 12, 2024 by Ifi Reporter - Dan Bielski

Jewish students at Harvard University have filed a federal lawsuit accusing the institution of neglecting to address the increasing incidents of anti-Semitism on campus following the October 7...

Auditor Report Reveals Disturbing Disparities in Israel's Food Industry Prices

Posted on Jan 8, 2024 by Ifi Reporter - Dan Bielski

In a recent audit conducted by Auditor Engelman, it has been disclosed that the level of prices in Israel, in terms of purchasing power, is on average 27% higher than in other OECD countries....

Minister Amichai Shikli Resigns - Sparks Government Trend of Ministry Closures

Posted on Jan 8, 2024 by Ifi Reporter - Dan Bielski

Three months after the outbreak of the war, Minister Amichai Shikli has announced his resignation from the position of Minister of Social Equality, a move seen as a response to growing criticism...

Israeli Economy Shows Resilience as Credit Card Sales Surge Amidst War Challenges

Posted on Jan 8, 2024 by Ifi Reporter - Dan Bielski

In a surprising turn of events, Israel's economy witnessed a notable recovery in the third month of the ongoing conflict, with a discernible uptick in credit card sales, according to data...

Government Approves NIS 9 Billion Aid Program for Reservists in 2024 Budget

Posted on Jan 7, 2024 by Ifi Reporter - Dan Bielski

The government has given the green light to a comprehensive aid program for reservists, amounting to NIS 9 billion. While parts of the plan await final approval in the 2024 budget, immediate...

Record-Breaking Bond Issue Reflects Market Confidence in Israel's Financial Stability

Posted on Jan 5, 2024 by Ifi Reporter - Dan Bielski

In a historic move, the Accountant General's Division at the Ministry of Finance successfully completed a record-breaking bond issue in the local market, amounting to a staggering NIS 4.4...

DF Launches Investigation into October 7 Incident and Gaza War, Led by Former Defense Minister Shaul Mofaz

Posted on Jan 4, 2024 by Ifi Reporter - Dan Bielski

In a significant development, the Chief of Staff, Major General Hertzi Halevi, has taken decisive action by initiating a comprehensive investigation into the events of October 7 and the broader...

Encouraging Signs of Labor Market Recovery Amidst Gaza War Challenges

Posted on Jan 3, 2024 by Ifi Reporter - Dan Bielski

In a positive turn of events, the Israeli job market is displaying signs of recovery, with increasing numbers of individuals returning to work after a challenging two and a half months since the...

Government Unanimously Approves Postponement of Local Authority Elections by Four Weeks

Posted on Dec 31, 2023 by Ifi Reporter - Dan Bielski

In a unanimous decision, the government has sanctioned a four-week delay in the upcoming local authority elections, pushing the date from January 30, 2024, to February 27. The move was prompted...

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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 →

L’Oréal Signs 50-Year Global License Agreement for Gucci Beauty

Jul 15, 2026 by Ifi Reporter - Dan Bielski

L’Oréal has signed an exclusive worldwide 50-year license agreement to create, develop, and distribute fragrance and beauty products under the Gucci Beauty brand, strengthening its position in the global luxury beauty market. The agreement follows the previously... Continue reading →

Mul-T-Lock Partners With Ruach Nashit to Promote Women's Economic Independence

Jul 15, 2026 by Ifi Reporter - Dan Bielski

Mul-T-Lock , a leading Israeli security solutions company, has joined forces with Ruach Nashit (Women's Spirit), an organization dedicated to promoting economic independence among women survivors of domestic violence. The partnership aims to support women in rebuilding their lives... Continue reading →

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