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

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Strong US Employment Report Boosts Dollar Against Major Currencies

Posted on Dec 8, 2023 by Ifi Reporter - Dan Bielski

In the wake of a robust employment report from the United States, the dollar remains stable against the Israeli shekel at NIS 3.70. The positive data, which surpassed expectations, has notably...

Maersk Implements "War Levy" on Container Shipments to Israel Amidst Security Concerns

Posted on Dec 8, 2023 by Ifi Reporter - Dan Bielski

In response to escalating security risks in the region, Danish shipping giant Maersk has announced the imposition of a "war levy" on container shipments to Israel. Citing a surge in...

Isrotel is making significant strides in its international expansion efforts

Posted on Dec 7, 2023 by Ifi Reporter - Dan Bielski

Isrotel, the prominent Israeli hotel chain under the Lewis family's control and managed by Lior Raviv, is making significant strides in its international expansion efforts. The company has...

Manufacturers' Association Urges Government to Cancel Local Election Sabbath Day Amidst Economic Challenges

Posted on Dec 7, 2023 by Ifi Reporter - Dan Bielski

n response to the financial strains imposed by the ongoing war and the imperative to cut costs, Dr. Ron Tomer, President of the Federation of Manufacturers, has called upon Finance Minister...

Israeli Diamond Industry Faces Significant Declines Amidst War of Iron Swords

Posted on Dec 7, 2023 by Ifi Reporter - Dan Bielski

In the midst of the ongoing War of Iron Swords, the global and Israeli diamond industry continues to grapple with a negative trend that has persisted since the outbreak of the conflict in...

Sentinel One Surges on Wall Street Following Strong Q3 Performance and Upgraded Annual Forecast

Posted on Dec 6, 2023 by Ifi Reporter - Dan Bielski

Shares of Israeli cybersecurity firm Sentinel One experienced a substantial 16.6% surge in Wednesday's Wall Street trading. This boost was attributed to the company surpassing analysts'...

Israeli Cloud Security Firm Wiz Acquires Raftt to Enhance Developer Collaboration

Posted on Dec 5, 2023 by Ifi Reporter - Dan Bielski

Israeli cloud security company Wiz has announced its first acquisition, securing the Israeli startup Raftt, founded in 2020 by Roi Yarachi and Gal Sharaf. While the financial details of the deal...

Incredibuild Announces Workforce Reduction Amidst Challenging Market Conditions

Posted on Dec 5, 2023 by Ifi Reporter - Dan Bielski

Hybrid development platform developer Incredibuild is set to lay off approximately 20% of its workforce, affecting an estimated 40 employees globally, with a significant portion from its Israeli...

Elections in Local Authorities Postponed to January 30 Amid Ongoing War and Evacuations

Posted on Dec 4, 2023 by Ifi Reporter - Dan Bielski

Interior Minister Moshe Arbel revealed that elections for local authorities, originally slated for January 30, 2024, will be postponed in areas where residents have been evacuated due to the...

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...

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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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