News

Ormat Technologies Expands Geothermal Power Capacity with $271 Million Acquisition

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

In a strategic move aimed at boosting their geothermal power production capacity by 70% before 2025, Ormat Technologies, under the leadership of CEO Doron Belsher, has accelerated its expansion...

"Dollar Surges to 11-Year High Against Israeli Shekel Amid Geopolitical Tensions"

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

In a remarkable turn of events, the representative rate of the US dollar closed at NIS 4.05 per dollar on Friday, marking an 11-year high against the Israeli shekel. As markets opened this Monday...

Surprise: Visa Exemption for Israeli Citizens to Begin Friday

Posted on Oct 19, 2023 by Ifi Reporter - Dan Bielski

In a surprise development, the United States has announced that the long-awaited visa exemption for Israeli citizens will take effect earlier than initially planned. Originally...

Rehabilitation of Gaza Settlements: A Collaborative Effort Amidst Controversy

Posted on Oct 19, 2023 by Ifi Reporter - Dan Bielski

Director of Planning has initiated the formation of a dedicated team tasked with planning the rehabilitation of settlements in the Gaza region. This crucial endeavor will be overseen by...

Teva Faces Legal Setback as European Court Rejects Appeal Against Cephalon's Antitrust Fine

Posted on Oct 18, 2023 by Ifi Reporter - Dan Bielski

In a significant blow to pharmaceutical giant Teva, the European Union's Court of Appeal has dismissed the company's appeal against a substantial fine imposed on its wholly owned...

Israel's Low Unemployment Rate at Risk Amidst "Iron Swords" War: 3.4%

Posted on Oct 18, 2023 by Ifi Reporter - Dan Bielski

In September, Israel celebrated a record low unemployment rate of 3.4%. However, the nation now faces the ominous threat of a sharp increase in joblessness as the "Iron Swords" war,...

"Israeli Credit Card Spending Plummets by 29% During the first week of 'Iron Swords' War"

Posted on Oct 17, 2023 by Ifi Reporter - Dan Bielski

A significant 29% drop in Israeli credit card spending was reported, as per data provided by the SBA, which oversees the national credit card payment system. Israeli citizens, grappling with the...

"El Al's Sabbath Flights Contingent on State Orders, Responds Firm Amid High Court Petition"

Posted on Oct 17, 2023 by Ifi Reporter - Dan Bielski

El Al, Israel's national airline, has clarified its position on operating flights during the Sabbath, asserting that it will do so solely if issued a binding order from the state. The...

New Emergency Venture Capital Fund "Safe Dome" to Bolster Israeli Start-ups Amidst Crisis

Posted on Oct 16, 2023 by Ifi Reporter - Dan Bielski

In the wake of the recent conflict in the southern region, a beacon of hope has emerged for young Israeli start-ups facing economic turmoil. A novel venture capital fund, known as "Safe...

Israeli Consumption Patterns Shift Amidst "Iron Swords" War: 28% decline in check-based transactions

Posted on Oct 16, 2023 by Ifi Reporter - Dan Bielski

In light of the ongoing "Iron Swords" war in Israel, a sense of economic uncertainty looms as the public grapples with the evolving financial landscape. The research department of...

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