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

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Israeli government has announced a significant reduction in the fuel subsidy - price will stay unchanged

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

Israeli government has announced a significant reduction in the fuel subsidy, slashing it from 70 agora per liter to 40 agora. This change, effective Thursday night until December 22, is expected...

International Bank Posts Strong Financial Performance Amidst Economic Uncertainty: net profit amounted to NIS 1.673 billion

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

The International Bank has released its financial reports for the first nine months of 2023, showcasing robust growth in core activities while maintaining financial stability. Notably, the net...

"Big Shopping Centers Reports Strong Q3 and Nine-Month Financials Despite Challenging Economic Climate"

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

"Big Shopping Centers" has showcased robust performance in the third quarter and the first nine months of 2023, demonstrating resilience amidst a challenging economic environment. The...

Government Approves Extension of Bank of Israel Governor's Term Amid Economic Challenges

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

The Israeli government has given the green light to extend the term of Bank of Israel Governor Prof. Amir Yaron. The decision, proposed by Prime Minister Benjamin Netanyahu and Finance Minister...

Kalil Industries Reports Strong Third Quarter Performance Despite war Challenges

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

Kalil Industries, a leading player in the industry, released its financial report for the third quarter of 2023, showcasing robust financial performance in the face of economic challenges and...

Discount Bank Reports Q3 Profits Hit by War-Induced Challenges: NIS 817 million

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

In the aftermath of the recent conflict, Discount Bank faced a notable dip in its third-quarter profits, reporting a decrease of 8.5% compared to the same period last year. The financial...

Economic Indicator Plummets in Wake of Conflict - Bank of Israel's Combined Index Records Third Sharpest Drop Ever

Posted on Nov 26, 2023 by Ifi Reporter - Dan Bielski

Bank of Israel's combined index, a key gauge for predicting economic growth, experienced a profound decline of 1.1% in October. This alarming drop, the third steepest in the index's...

Israel experiences a surge in economic activity and spending

Posted on Nov 26, 2023 by Ifi Reporter - Dan Bielski

In the wake of the recently implemented ceasefire in Gaza and the northern regions, Israel experiences a surge in economic activity with the advent of Blue Friday 2023 promotions. Shoppers...

Electric Company Navigates Challenges Reports Profits Amidst War and Operational Shifts

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

Electric Company disclosed its performance for the first nine months of 2023, revealing both profits and challenges amidst a changing energy landscape and the ongoing "Iron Swords"...

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...

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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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