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

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Delayed Transfer of NIS 200 Million to Arab Authorities in Israel Sparks Controversy

Posted on Nov 2, 2023 by Ifi Reporter - Dan Bielski

In a significant and long-awaited development, the ministry of interior and the state budget recently disbursed NIS 200 million to the 67 Arab authorities in Israel, following a delay of...

Tax Authority Director Extends Deadline for Gaza Strip Aid Grant Applications

Posted on Nov 2, 2023 by Ifi Reporter - Dan Bielski

Tax Authority Director Shay Ahronovitz has decided to exercise his authority under Government Decision 988 by extending the application deadline for aid grants intended to support residents of...

Car Importers in Israel Grapple with War-Induced Challenges and Impending Tax Hike

Posted on Nov 2, 2023 by Ifi Reporter - Dan Bielski

Preliminary data from Carzon, a car market data site, reveals that vehicle deliveries in Israel during October saw a less severe decline than anticipated. A total of 11,985 cars were delivered in...

Israeli Airlines Seek Government Assistance to Navigate Aviation Industry Crisis

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

Israir CEO Uri Sirkis revealed that Israeli airlines are seeking urgent short-term cash flow assistance from the Ministry of Finance, as well as long-term priority support from the State of...

Former NYC Mayor Michael Bloomberg Donates $44 Million to Magen David Adom Following Hamas Attack

Posted on Oct 31, 2023 by Ifi Reporter - Dan Bielski

former New York City Mayor Michael Bloomberg has announced a substantial donation of nearly $44 million to Magen David Adom (MDA) following the recent Hamas attack. Bloomberg, whose estimated...

Intel Grants $5,000 to Each Employee in Israel Amid Challenging Quarter

Posted on Oct 31, 2023 by Ifi Reporter - Dan Bielski

Intel has announced a generous grant of $5,000 for each of its employees in Israel. This announcement was made in a letter issued by Pat Gelsinger, the CEO of Intel Global, expressing his deep...

Mob Storms Dagestan airport in Russia in Search of Jews and Israeli Citizens

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

A disturbing incident unfolded in Dagestan, Russia, as an angry mob descended on an airport in pursuit of Jews who were believed to have arrived on a flight from Nagorno-Karabakh. Dagestan,...

Sentinel One Suspends Support for Black Hat Cybersecurity Conference Following Controversial Statements

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

American-Israeli cybersecurity company Sentinel One has decided to suspend its support and connection with the renowned "Black Hat" organization, the organizer of widely recognized...

Israel's GDP Growth Forecast in Q4 Slashed by JP Morgan Amid Ongoing Conflict

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

JP Morgan has significantly lowered its gross domestic product (GDP) growth forecast for the fourth quarter of this year. The financial giant now expects a staggering 11% drop compared to the...

Swiss Ministry of Foreign Affairs Freezes Funding for Israeli and Palestinian Human Rights Organizations

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

Swiss Ministry of Foreign Affairs has announced the suspension of funding for 11 Israeli and Palestinian human rights organizations that work to promote and protect Palestinian rights in Israel...

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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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