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

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Mortgage Demand Plummets to 4-Year Low Amidst War and Economic Challenges

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

The demand for mortgages in Israel has experienced a significant decline, reaching its lowest point in four years, according to data released by the Bank of Israel. The October figures, totaling...

Internet Consumption Surges in Israel Amidst Conflict, Raises Concerns Over Cybersecurity

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

In a recent report published by Bezeq, Israel's leading telecommunications company, it has been revealed that the average internet consumption per household in the country has surged by 18%...

Finance Committee Approves NIS 15 Billion Aid Plan for Business Sector Following Gaza War

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

Finance Committee has given its approval for the implementation of a comprehensive aid plan for the business sector following a recent conflict. The plan, developed by the Ministry of Finance,...

Bonds organization raised since the beginning of the Gaza war 7 billion dollars

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

In the wake of the Iron Swords war that erupted on the morning of October 7th, the international Bonds organization, under the adept leadership of Danny Noah, has initiated a formidable...

Nayax reported revenues of $60 million in the third quarter of 2023

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

Nayax concludes the third quarter of 2023 with an increase in revenue and a reduction in operating loss, when the company announced last week the purchase of a company for $36 million....

Outbrain Reports Strong Q3 Profits Following Cost-Cutting Measures

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

In a surprising turnaround, Israeli content recommendation company Outbrain has reported an accounting profit (GAAP) two years and four months after its IPO on Wall Street. The company's Q3...

President Herzog Urges US Universities to Condemn Hamas Massacre and Combat Anti-Semitism

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

Israeli President Yitzhak Herzog has called on the presidents of universities and colleges across the United States to condemn the massacre committed by Hamas on October 7 and to take a strong...

Iranian Hacker Group "Agrius" Escalates Cyber Attacks on Israeli Targets, Stealing Sensitive Information

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

Palo Alto's research unit sheds light on an alarming increase in cyber attacks by the Iranian hacker group known as "Agrius" against Israeli targets since the start of...

Weakened US Dollar Hits 2.7% Decrease in Value Against Israeli Shekel: 3.87

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

US dollar's value weakened further on Monday, marking a 2.7% decrease compared to the previous day. The representative exchange rate for the US dollar against the Israeli shekel closed at...

Weakening Dollar Amidst Bleak Employment Report Dampens Hopes of Fed Rate Hikes

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

US dollar has taken a substantial hit against major global currencies and, notably, the Israeli shekel. This sharp decline comes in the wake of a disheartening employment report released today,...

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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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