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

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Shfaram's T&E Fashion Complex Begins Exporting Luxury Dresses to UAE

Posted on Aug 15, 2025 by Ifi Reporter - Dan Bielski

The T&E Complex in Shfaram , Israel’s largest fashion complex, has begun exporting luxury evening and wedding dresses to the United Arab Emirates , specifically to high-end...

Israeli Farmers Face Crisis as Drought Compensation Falls Short by NIS 17 Million

Posted on Aug 12, 2025 by Ifi Reporter - Dan Bielski

A historic drought that ravaged Israel’s winter crops in the 2024/25 growing season has left hundreds of farmers in financial peril, as the Agricultural Natural Damage Fund (KENT)...

Milotel Expands Distribution: French Fries to Hit Carrefour Shelves Nationwide

Posted on Aug 11, 2025 by Ifi Reporter - Dan Bielski

"Milotel" , the Israeli manufacturer of French fries and frozen vegetables, is expanding its footprint in the retail market and has signed a new distribution agreement with Carrefour...

Partner Communications Reports Strong Q2 2025 Results: Profit Up 26%, Cash Flow Nearly Doubled

Posted on Aug 11, 2025 by Ifi Reporter - Dan Bielski

Partner Communications Group published its financial results for the second quarter of 2025, reporting strong growth across all major profitability indicators. The company saw a 26% increase in...

Tel Aviv Court Rules IKEA Israel Must Pay Tax on Franchise Fees to Global Parent Company

Posted on Aug 8, 2025 by Ifi Reporter - Dan Bielski

The Tel Aviv District Court has ruled that  IKEA Israel must pay tax on franchise fees  transferred to its global parent company, rejecting the company's claim that these payments...

Changan Launches Strategic Consolidation Under "China Changan Automobile Group Co., Ltd."

Posted on Aug 5, 2025 by Ifi Reporter - Dan Bielski

Changan , one of the world's largest and most advanced automobile manufacturers, has announced the consolidation of all global operations under a new umbrella entity: China Changan...

Ituran Launches Keyless Vehicle Security System with Biometric ID

Posted on Jul 31, 2025 by Ifi Reporter - Dan Bielski

Ituran, a leader in automotive technology, has unveiled Ituran KEY —a next-generation vehicle security system that replaces traditional keypad codes with advanced biometric...

Severe Winter Drought Devastates Israeli Agriculture - 50% Drop in Rainfall Leads to Major Crop

Posted on Jul 30, 2025 by Ifi Reporter - Dan Bielski

The winter of 2024–25 brought one of the most severe droughts in recent decades to Israel, with rainfall levels dropping by approximately 50% compared to the multi-year average in most...

Ofek Aerial Photography Launches One of the World’s Most Advanced Aerial LiDAR Systems

Posted on Jul 30, 2025 by Ifi Reporter - Dan Bielski

Ofek Aerial Photography, Israel’s leading company in spatial mapping and geographic photography, has announced the launch of one of the most advanced aerial LiDAR systems in the world. The...

Partner Communications and McDonald’s Israel Sign Major Deal to Upgrade 240 Branches to Fiber Optic Network

Posted on Jul 30, 2025 by Ifi Reporter - Dan Bielski

Partner Communications Group and McDonald's Israel announced today a strategic five-year agreement to upgrade approximately 240 McDonald's branches across the country to high-speed fiber...
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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 →

Hadas Water Marks New Year with Strategic Product Launches

Oct 2, 2025 by Ifi Reporter - Dan Bielski

About 90 employees of Hadas Water (HDS) gathered at the company’s headquarters in Rishon LeZion to mark the new year with a traditional toast and forward-looking announcements. CEO Udi Simeni outlined the company’s roadmap for 2026, highlighting what he described as a... Continue reading →

Gindi TLV Equips New Towers with YALE® Smart Locks Worth NIS 2 Million

Oct 2, 2025 by Ifi Reporter - Dan Bielski

Real estate developer Gindi TLV has equipped 770 residents of the third and fourth towers in its flagship Tel Aviv residential project with LINUS™ L2 smart locks by YALE® , at a total estimated value of NIS 2 million . The LINUS™ L2 represents Yale’s new... Continue reading →

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