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

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Cyber Attack Causes Major Disruptions for Leading Companies in Israel

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

In a shocking turn of events, a recent cyber attack targeting the website hosting company Signature-IT has resulted in widespread disruptions affecting numerous prominent businesses, including...

Washington Post: Israel and Hamas have reportedly reached tentative details for a deal to release hostages

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

Israel and Hamas have reportedly reached tentative details for a deal, mediated by the United States, aimed at securing the release of hostages and implementing a five-day truce in the ongoing...

Government Extends Fuel Tax Reduction Ensuring Stable Gasoline Prices Until End of November 2023

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

Minister of Finance has signed orders extending the tax reduction on gasoline until the conclusion of November 2023. Originally set to expire at midnight between November 16 and 17, the...

Bank Hapoalim reported a third-quarter profit of NIS 1.6 billion

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

Bank Hapoalim, one of Israel's leading financial institutions, reported a third-quarter profit of NIS 1.6 billion, according to the bank's financial statements released this Thursday....

Job Vacancies Show Signs of Stability, High-Tech Sector Sees Incremental Growth

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

In a recent report by the Central Bureau of Statistics (CBS), data reveals a notable shift in the employment landscape for the month of August. The number of job vacancies in the economy reached...

Partner Reports Robust Q3 2023 Performance Despite Revenue Dip - 10% growth in net profit

Posted on Nov 15, 2023 by Ifi Reporter - Dan Bielski

In the third quarter of 2023, Partner, one of Israel's leading telecommunications companies, demonstrated a resilient financial performance, boasting a 10% growth in net profit, reaching NIS...

Inflation Slowdown in US Triggers Stock Jump and Dollar Decline; Impact on Israeli Economy and Politics

Posted on Nov 15, 2023 by Ifi Reporter - Dan Bielski

Inflation in the United States experienced a more significant deceleration in October than anticipated, amidst growing concerns of a global economic slowdown. Despite this, the core inflation...

Israeli Air Travel Sees Dramatic 41% Drop at Ben Gurion airport Amidst Recent Conflict

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

Israel's international air travel sector witnessed a substantial 41% decline in passenger numbers during October, as reported by the Airports Authority. This stark decrease is in comparison...

Israeli Treasury Raises Billions in Bonds Amidst Rising Interest Rates and Post-War Financial Challenges

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

Accountant General's Department of the Treasury recently raised an impressive 1.425 to 1.45 billion dollars through two series of government bonds denominated in dollars. The bonds, with...

Bezeq Group Reports Resilient Q3 2023 Financial Results Amidst Economic Challenges and Ongoing Conflict

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

Bezeq Group, a leading Israeli telecommunications company, has released its third-quarter financial results, showcasing resilience in the face of economic challenges and the ongoing "Iron...

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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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