News

Knesset Freezes Members' Salaries Amid Economic Challenges and Allocates Savings to Wartime Efforts

Posted on Dec 10, 2023 by Ifi Reporter - Dan Bielski

In a unanimous decision led by MK Ofir Katz, the Knesset committee voted to freeze the salaries of Knesset members, diverting between 6 and 8 million NIS from the state budget to critical...

Strong US Employment Report Boosts Dollar Against Major Currencies

Posted on Dec 8, 2023 by Ifi Reporter - Dan Bielski

In the wake of a robust employment report from the United States, the dollar remains stable against the Israeli shekel at NIS 3.70. The positive data, which surpassed expectations, has notably...

Maersk Implements "War Levy" on Container Shipments to Israel Amidst Security Concerns

Posted on Dec 8, 2023 by Ifi Reporter - Dan Bielski

In response to escalating security risks in the region, Danish shipping giant Maersk has announced the imposition of a "war levy" on container shipments to Israel. Citing a surge in...

Isrotel is making significant strides in its international expansion efforts

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

Isrotel, the prominent Israeli hotel chain under the Lewis family's control and managed by Lior Raviv, is making significant strides in its international expansion efforts. The company has...

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...

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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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