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

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sraeli Businessman's Merchant Ship Attacked in Red Sea; Houthi Rebels Claim Responsibility

Posted on Dec 3, 2023 by Ifi Reporter - Dan Bielski

A merchant ship owned by British company Unity, belonging to Israeli businessman Danny Unger, was targeted by missile fire in the Red Sea today, as confirmed by the AFP news agency. The vessel,...

El Al and Israir Navigate War Challenges, Report Strong Financial Performance in Q3 2023

Posted on Nov 30, 2023 by Ifi Reporter - Dan Bielski

In a resilient display of financial strength amid the challenges posed by the ongoing war, El Al, under the leadership of CEO Dina Ben Tal Gnansia, has reported an impressive 11% increase in...

Mekorot, the national water company presrnts net profit of approximately NIS 57 million

Posted on Nov 29, 2023 by Ifi Reporter - Dan Bielski

Mekorot, the national water company, showcased robust performance with a net profit of approximately NIS 57 million. While this represents a decline from the previous year's corresponding...

Israeli government has announced a significant reduction in the fuel subsidy - price will stay unchanged

Posted on Nov 29, 2023 by Ifi Reporter - Dan Bielski

Israeli government has announced a significant reduction in the fuel subsidy, slashing it from 70 agora per liter to 40 agora. This change, effective Thursday night until December 22, is expected...

International Bank Posts Strong Financial Performance Amidst Economic Uncertainty: net profit amounted to NIS 1.673 billion

Posted on Nov 29, 2023 by Ifi Reporter - Dan Bielski

The International Bank has released its financial reports for the first nine months of 2023, showcasing robust growth in core activities while maintaining financial stability. Notably, the net...

"Big Shopping Centers Reports Strong Q3 and Nine-Month Financials Despite Challenging Economic Climate"

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

"Big Shopping Centers" has showcased robust performance in the third quarter and the first nine months of 2023, demonstrating resilience amidst a challenging economic environment. The...

Government Approves Extension of Bank of Israel Governor's Term Amid Economic Challenges

Posted on Nov 27, 2023 by Ifi Reporter - Dan Bielski

The Israeli government has given the green light to extend the term of Bank of Israel Governor Prof. Amir Yaron. The decision, proposed by Prime Minister Benjamin Netanyahu and Finance Minister...

Kalil Industries Reports Strong Third Quarter Performance Despite war Challenges

Posted on Nov 27, 2023 by Ifi Reporter - Dan Bielski

Kalil Industries, a leading player in the industry, released its financial report for the third quarter of 2023, showcasing robust financial performance in the face of economic challenges and...

Discount Bank Reports Q3 Profits Hit by War-Induced Challenges: NIS 817 million

Posted on Nov 27, 2023 by Ifi Reporter - Dan Bielski

In the aftermath of the recent conflict, Discount Bank faced a notable dip in its third-quarter profits, reporting a decrease of 8.5% compared to the same period last year. The financial...

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...

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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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