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

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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...

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...

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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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