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

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Manufacturers' Association Urges Government to Cancel Local Election Sabbath Day Amidst Economic Challenges

Posted on Dec 7, 2023 by Ifi Reporter - Dan Bielski

n response to the financial strains imposed by the ongoing war and the imperative to cut costs, Dr. Ron Tomer, President of the Federation of Manufacturers, has called upon Finance Minister...

Israeli Diamond Industry Faces Significant Declines Amidst War of Iron Swords

Posted on Dec 7, 2023 by Ifi Reporter - Dan Bielski

In the midst of the ongoing War of Iron Swords, the global and Israeli diamond industry continues to grapple with a negative trend that has persisted since the outbreak of the conflict in...

Sentinel One Surges on Wall Street Following Strong Q3 Performance and Upgraded Annual Forecast

Posted on Dec 6, 2023 by Ifi Reporter - Dan Bielski

Shares of Israeli cybersecurity firm Sentinel One experienced a substantial 16.6% surge in Wednesday's Wall Street trading. This boost was attributed to the company surpassing analysts'...

Israeli Cloud Security Firm Wiz Acquires Raftt to Enhance Developer Collaboration

Posted on Dec 5, 2023 by Ifi Reporter - Dan Bielski

Israeli cloud security company Wiz has announced its first acquisition, securing the Israeli startup Raftt, founded in 2020 by Roi Yarachi and Gal Sharaf. While the financial details of the deal...

Incredibuild Announces Workforce Reduction Amidst Challenging Market Conditions

Posted on Dec 5, 2023 by Ifi Reporter - Dan Bielski

Hybrid development platform developer Incredibuild is set to lay off approximately 20% of its workforce, affecting an estimated 40 employees globally, with a significant portion from its Israeli...

Elections in Local Authorities Postponed to January 30 Amid Ongoing War and Evacuations

Posted on Dec 4, 2023 by Ifi Reporter - Dan Bielski

Interior Minister Moshe Arbel revealed that elections for local authorities, originally slated for January 30, 2024, will be postponed in areas where residents have been evacuated due to the...

Cybersecurity Giant Wiz Expands Its Portfolio with Acquisition of Israeli Start-up Raftt

Posted on Dec 4, 2023 by Ifi Reporter - Dan Bielski

In a strategic move to enhance its capabilities in the cyber realm, leading cybersecurity company Wiz has successfully acquired the Israeli start-up Raftt. The deal, valued at an estimated tens...

sraeli Businessman's Merchant Ship Attacked in Red Sea; Houthi Rebels Claim Responsibility

Posted on Dec 3, 2023 by Ifi Reporter - Dan Bielski

A merchant ship owned by British company Unity, belonging to Israeli businessman Danny Unger, was targeted by missile fire in the Red Sea today, as confirmed by the AFP news agency. The vessel,...

El Al and Israir Navigate War Challenges, Report Strong Financial Performance in Q3 2023

Posted on Nov 30, 2023 by Ifi Reporter - Dan Bielski

In a resilient display of financial strength amid the challenges posed by the ongoing war, El Al, under the leadership of CEO Dina Ben Tal Gnansia, has reported an impressive 11% increase in...

Mekorot, the national water company presrnts net profit of approximately NIS 57 million

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

Mekorot, the national water company, showcased robust performance with a net profit of approximately NIS 57 million. While this represents a decline from the previous year's corresponding...

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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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