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

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Bondholders of Bull Trading Move Closer to Taking Control as Talks with Controlling Owner Falter

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

In a decisive turn of events, negotiations between the bondholders of the non-bank credit company, Bull Trading, and its controlling owner, Ronen Bachor (72%), have hit a roadblock. This impasse...

High Costs of Transportation Minister Miri Regev's Official Trips to Morocco Spark Controversy

Posted on Sep 13, 2023 by Ifi Reporter - Dan Bielski

Transportation Minister Miri Regev's official trips have incurred substantial expenses, raising questions and concerns among the public. Her journey to Morocco, in particular, has stirred...

Financial Strain Hits Food Distribution Associations as Holiday Demand Soars - Discrepancy Between Increased Demand and Decreased Donations

Posted on Sep 13, 2023 by Ifi Reporter - Dan Bielski

In a recent survey conducted by "Value for the Way" among dozens of associations, a stark reality has come to light: 90% of these associations that distribute food have reported a...

Elbit Systems Secures $109 Million Contract to Supply "Hats" Systems to European Country

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

Israeli defense technology giant, Elbit Systems, continues its winning streak with a substantial contract worth $109 million. The company has inked a deal with an undisclosed European nation to...

"Controversial Budget Cuts Spark Outrage as Finance Committee Allocates NIS 478 Million to Ultra-Orthodox Sector and Settlement Education"

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

Finance Committee has given the green light to significant budget cuts affecting various ministries to facilitate a transfer of NIS 478 million towards the ultra-Orthodox sector and settlement...

three million private sector employees are set to receive increased recovery fees

Posted on Sep 11, 2023 by Ifi Reporter - Dan Bielski

Approximately three million private sector employees in the country are set to receive increased recovery fees, including retroactive payments dating back to the start of 2023. This momentous...

Cellcom Expands Fiber Optic Network to Eilat, Establishing Key International Connection

Posted on Sep 10, 2023 by Ifi Reporter - Dan Bielski

Cellcom has announced the expansion of its fiber optic network into the southern region, extending all the way to Eilat. This ambitious endeavor promises to connect the East to Europe in the...

Netanyahu and Bank of Israel Governor Discuss Future Term: "After high holidays"

Posted on Sep 10, 2023 by Ifi Reporter - Dan Bielski

Israeli Prime Minister Benjamin Netanyahu held a crucial meeting on Sunday with the Governor of the Bank of Israel, Prof. Amir Yaron, to discuss the possibility of extending Yaron's term,...

Right-Wing Protest in Jerusalem Challenges High Court Ahead of Key Hearing

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

Thousands gathered for a "Freedom Demonstration" in Jerusalem on Thursday evening, protesting against the pending High Court hearing regarding petitions against a controversial law...

Tenable has officially announced the purchase of the Israeli cloud protection company Ermetic for $265 million

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

Tenable has officially announced the purchase of the Israeli cloud protection company Ermetic for $265 million, which includes $240 million in cash and $25 million in shares. The closing is...

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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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