News

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...

Chief Economist: Israeli Economy Faces Unprecedented Challenges Amidst Ongoing Conflict

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

  Chief Economist at the Ministry of Finance, Shmuel Abramson, delivered a sobering update on Israel's economic outlook for the years 2023 and 2024 in the wake of the ongoing conflict....

Delek Group has announced robust financial results for Q3: NIS 423 million

Posted on Nov 22, 2023 by Ifi Reporter - Dan Bielski

Delek Group, under the leadership of Yitzhak Tshuva and managed by Idan Wells, has announced robust financial results for the third quarter of 2023. The company recorded a profit of NIS 423...

"Enlight Powers Ahead: Exceeds Q3 Earnings Expectations, Plans 2.9 GW Expansion"

Posted on Nov 20, 2023 by Ifi Reporter - Dan Bielski

Enlight, the renewable energy company that completed its IPO on the Nasdaq nine months ago, continues to shine in the market, surpassing earnings per share forecasts for the third consecutive...

October: unemployment rate expanded to 9.6% - official unemployment rate remained at 3.4%

Posted on Nov 20, 2023 by Ifi Reporter - Dan Bielski

In October, Israel's official unemployment rate remained seemingly stable at 3.4%, but the reality is far more dire as the nation grapples with the consequences of the ongoing war. The...

Israeli Cybersecurity Firm Kaimera Technologies Faces Financial Crisis, Seeks Court Protection

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

Kaimera Technologies, a prominent Israeli cybersecurity company specializing in mobile security, submitted an urgent request to the District Court in Tel Aviv today, seeking court protection...

Houthi Militia Seizes Israeli-Owned Cargo Ship in Red Sea, Raising Global Concerns

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

In a development labeled as "a very serious event on a global scale" by the IDF spokesman, the Houthi militia has seized control of the cargo ship GALAXY LEADER in the Red Sea. The...

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Newsline

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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