News

Halal Communications Soars in Q3 with Robust Profits and Strategic Investment

Posted on Dec 25, 2023 by Ifi Reporter - Dan Bielski

Halal Communications, led by CEO Dan Zicek, has closed the third quarter of the year with a significant surge in operating profit. This follows a strategic move in November, when the company...

Strong Demand for Mizrahi Tefahot's Latest Bond Offering Signals Confidence in Bank's Position

Posted on Dec 21, 2023 by Ifi Reporter - Dan Bielski

In a notable financial development on Wednesday night, institutional bodies demonstrated robust demand, injecting approximately NIS 4 billion into the market, with Bank Mizrahi Tefahot securing a...

Major Technology Giant to Invest $800-900 Million in Energix's Renewable Energy Projects in the US

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

In a groundbreaking collaboration, Energix, a leading player in the renewable energy sector from the Amot Investment Group, has inked a non-binding memorandum of understanding with one of the...

Israel successfully concluded the largest weekly bond issue: impressive NIS 4.4 billion

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

In a remarkable financial feat, the Accountant General's Department at the Ministry of Finance successfully concluded the largest weekly bond issue to date in the local market, totaling an...

Ministry of Energy Approves Tamar Reservoir Partners to Increase Gas Export Permit

Posted on Dec 14, 2023 by Ifi Reporter - Dan Bielski

In a recent development, the partners in the Tamar reservoir have received approval from the Ministry of Energy to boost their export permit from 38.7 BCM to 43 BCM. The initial permit was...

Israeli Credit Card Spending Plummets Amidst War and Post-Holiday Lull

Posted on Dec 12, 2023 by Ifi Reporter - Dan Bielski

Last week witnessed a significant contraction in credit card spending by the Israeli public, marking a 15.8% decline totaling NIS 1.4 billion compared to the average weekly expenditure. Data from...

Record-Breaking Success for Israel's Weekly Bond Offering: 4.4 Billion Shekels Demand Surges 4.3 Times Over

Posted on Dec 11, 2023 by Ifi Reporter - Dan Bielski

In a historic milestone for the financial markets, the Accountant General's Department at the Ministry of Finance achieved an unprecedented feat today with the completion of the largest-ever...

Consumer Confidence Plummets to New Lows Reflecting Economic Woes

Posted on Dec 11, 2023 by Ifi Reporter - Dan Bielski

latest Consumer Confidence Survey by the Central Bureau of Statistics paints a grim picture of the Israeli economy. Published on Monday, the survey indicates a notable deterioration in consumer...

"Castro Group Announces Strategic Overhaul Amidst 'Iron Swords' War Challenges"

Posted on Dec 11, 2023 by Ifi Reporter - Dan Bielski

Castro Group, a prominent player in the fashion industry, has summoned 15 of its junior staff for a crucial hearing, signaling a major shake-up within the company. The move comes as the company...

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...

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BRICKSTONE Reports 16% Surge in Safe Deposit Box Rentals by Israelis Living in Western Europe

Oct 16, 2026 by Ifi Reporter - Dan Bielski

 BRICKSTONE, a company operating three private, high-security safe deposit facilities in Israel, has reported an approximately 16% increase over the past month in safe deposit box rentals by Israelis living in France, Germany, the United Kingdom and Belgium. The company attributes... Continue reading →

Finance Ministry Delay Threatens Entry of 50,000 Foreign Workers into Israel

Oct 16, 2026 by Ifi Reporter - Dan Bielski

A dispute over a NIS 10 million budget transfer from Israel’s Finance Ministry is reportedly holding up a government plan to increase the permitted share of foreign workers in the Israeli economy, potentially delaying the arrival of 50,000 additional workers across several key sectors.... Continue reading →

Shoofra Opens New Store at Israel’s Golden Mall, Investing NIS 1 Million

Oct 16, 2026 by Ifi Reporter - Dan Bielski

 Shoofra, the Israeli footwear retailer known for its colorful, original designs and distinctive shoe brands, has opened a new store on the newly inaugurated floor of Golden Mall in Rishon LeZion. The 170-square-meter store represents an investment of approximately NIS 1 million... Continue reading →


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