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

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Israeli Airlines Seek Government Assistance to Navigate Aviation Industry Crisis

Posted on Nov 1, 2023 by Ifi Reporter - Dan Bielski

Israir CEO Uri Sirkis revealed that Israeli airlines are seeking urgent short-term cash flow assistance from the Ministry of Finance, as well as long-term priority support from the State of...

Former NYC Mayor Michael Bloomberg Donates $44 Million to Magen David Adom Following Hamas Attack

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

former New York City Mayor Michael Bloomberg has announced a substantial donation of nearly $44 million to Magen David Adom (MDA) following the recent Hamas attack. Bloomberg, whose estimated...

Intel Grants $5,000 to Each Employee in Israel Amid Challenging Quarter

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

Intel has announced a generous grant of $5,000 for each of its employees in Israel. This announcement was made in a letter issued by Pat Gelsinger, the CEO of Intel Global, expressing his deep...

Mob Storms Dagestan airport in Russia in Search of Jews and Israeli Citizens

Posted on Oct 29, 2023 by Ifi Reporter - Dan Bielski

A disturbing incident unfolded in Dagestan, Russia, as an angry mob descended on an airport in pursuit of Jews who were believed to have arrived on a flight from Nagorno-Karabakh. Dagestan,...

Sentinel One Suspends Support for Black Hat Cybersecurity Conference Following Controversial Statements

Posted on Oct 28, 2023 by Ifi Reporter - Dan Bielski

American-Israeli cybersecurity company Sentinel One has decided to suspend its support and connection with the renowned "Black Hat" organization, the organizer of widely recognized...

Israel's GDP Growth Forecast in Q4 Slashed by JP Morgan Amid Ongoing Conflict

Posted on Oct 27, 2023 by Ifi Reporter - Dan Bielski

JP Morgan has significantly lowered its gross domestic product (GDP) growth forecast for the fourth quarter of this year. The financial giant now expects a staggering 11% drop compared to the...

Swiss Ministry of Foreign Affairs Freezes Funding for Israeli and Palestinian Human Rights Organizations

Posted on Oct 27, 2023 by Ifi Reporter - Dan Bielski

Swiss Ministry of Foreign Affairs has announced the suspension of funding for 11 Israeli and Palestinian human rights organizations that work to promote and protect Palestinian rights in Israel...

Nvidia CEO Jensen Huang Shows Support for Employees and Grants Bonus Amid Israel's Conflict

Posted on Oct 25, 2023 by Ifi Reporter - Dan Bielski

Nvidia's CEO Jensen Huang expressed unwavering support for the company's 3,300 employees in Israel, many of whom have been called up to serve in the reserves amid the ongoing conflict in...

Friends of the IDF in the US: Emergency Campaign Raises Millions for Soldiers

Posted on Oct 25, 2023 by Ifi Reporter - Dan Bielski

In the wake of the recent outbreak of conflict in the State of Israel, the Friends of the Israel Defense Forces (FIDF) in the United States launched an extraordinary emergency campaign. The...

ChatGPT Discount Bank Offers Six-Month Mortgage Exemption to near Gaza Residents

Posted on Oct 25, 2023 by Ifi Reporter - Dan Bielski

In a generous move to support its customers in the Otaf region, Discount Bank has announced a unique and extensive benefit. Residents living within 7 km of the border will be granted a complete...

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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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