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

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Clal Insurance Acquires 8% Stake in Shikun Vabinui Real Estate in NIS 400 Million Deal

Posted on Oct 1, 2023 by Ifi Reporter - Dan Bielski

In a strategic move aimed at reducing its debts, Shikun Vabinui Real Estate, a subsidiary of Shikun Vabinui, has successfully completed a share sale transaction with Clal Insurance. As part...

Electra Wins NIS 212 Million Contract to Revolutionize Waste Collection in Yavne Mizrah Shurk Complex

Posted on Sep 28, 2023 by Ifi Reporter - Dan Bielski

Electra, a prominent member of the Elco group under the leadership of Itamar Deutscher, has secured a NIS 212 million contract to implement a state-of-the-art pneumatic waste collection system....

Materna Baby Food Faces Severe Shortage Due to Factory Shutdown

Posted on Sep 28, 2023 by Ifi Reporter - Dan Bielski

Materna, a renowned manufacturer of baby food substitutes, has announced a critical shortage of its products, leaving consumers in distress. The company, Asem Nestlé, reports that its...

Tatami Asian Restaurant Chain Seeks Trustee Amidst NIS 14 Million Debt Crisis

Posted on Sep 28, 2023 by Ifi Reporter - Dan Bielski

Tatami Asian restaurant chain, a prominent presence in Israel's culinary scene, has submitted a formal request to the District Court in Haifa for the appointment of a trustee. The move comes...

Netflix Collaborates with Wooga to Launch Mystery Game "Ghost Detective"

Posted on Sep 26, 2023 by Ifi Reporter - Dan Bielski

Netflix has joined forces with Wooga, a renowned Israeli game company under the Playtica umbrella, to introduce "Ghost Detective," an immersive mystery and detective game. This unique...

Big Shopping Centers Acquires Seven-Star House in Herzliya for NIS 225 Million

Posted on Sep 26, 2023 by Ifi Reporter - Dan Bielski

Big Shopping Centers has purchased the esteemed Seven-Star House in Herzliya from Beit HaZhav for a sum of NIS 225 million, reflecting the net value of the property on the company's books as...

Tralight Leading Renewable Energy Company Announces Major Milestone in Canadian Operations

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

Tralight, a prominent player in the field, has taken a significant step forward in its Canadian operations. The company has officially confirmed the signing of a memorandum of understanding...

Workers' Union Protests Drastic Job Cuts and Lack of Transparency at Yediot Ahronoth Group

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

The Workers' Union representing journalists at leading Israeli media outlets, including "Yediot Ahronoth," "Calcalist," "Lasha," and "Ynet," has sent a...

Real Estate Market Shows Signs of Revival as Apartment Sales Increase in August

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

After a prolonged period of stagnation in the real estate market, characterized by hesitant apartment buyers and failed state tenders for land marketing, there is finally a glimmer of hope....

Israeli Billionaire Ziv Aviram and Former US President Bill Clinton Join Forces to Launch Eco-Bridge Investment Fund

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

In a groundbreaking announcement made during the annual conference of the Clinton Family Foundation, Israeli billionaire Ziv Aviram, one of the co-founders of Mobileye, and former US President...

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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 →

Israeli High-Tech Investors Move to Secure Future of Channel 13

Mar 13, 2026 by Ifi Reporter - Dan Bielski

A group of Israeli high-tech investors has stepped in to support the future of Channel 13 , in a move that supporters say is intended to preserve independent journalism and strengthen pluralistic media in Israel. The development emerged amid uncertainty surrounding the channel’s... Continue reading →

Hadas Water unveiled a first-of-its-kind under-sink system for Shabbat observant users

Mar 13, 2026 by Ifi Reporter - Dan Bielski

Israeli company Hadas Water , a developer and manufacturer of purified water bars, has unveiled a first-of-its-kind under-sink system in Israel designed to provide hot and cold purified water while incorporating a special mechanism adapted for Shabbat observant users. The system,... Continue reading →

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