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

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Israel experiences a surge in economic activity and spending

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

In the wake of the recently implemented ceasefire in Gaza and the northern regions, Israel experiences a surge in economic activity with the advent of Blue Friday 2023 promotions. Shoppers...

Electric Company Navigates Challenges Reports Profits Amidst War and Operational Shifts

Posted on Nov 23, 2023 by Ifi Reporter - Dan Bielski

Electric Company disclosed its performance for the first nine months of 2023, revealing both profits and challenges amidst a changing energy landscape and the ongoing "Iron Swords"...

Israel and Germany Ink Historic $14 Billion Defense Deal for Arrow 3 Anti-Missile System

Posted on Nov 23, 2023 by Ifi Reporter - Dan Bielski

Israel and Germany have finalized a historic defense deal worth approximately 14 billion shekels, marking the largest such transaction in Israel's history. The Director General of the...

Chief Economist: Israeli Economy Faces Unprecedented Challenges Amidst Ongoing Conflict

Posted on Nov 23, 2023 by Ifi Reporter - Dan Bielski

  Chief Economist at the Ministry of Finance, Shmuel Abramson, delivered a sobering update on Israel's economic outlook for the years 2023 and 2024 in the wake of the ongoing conflict....

Delek Group has announced robust financial results for Q3: NIS 423 million

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

Delek Group, under the leadership of Yitzhak Tshuva and managed by Idan Wells, has announced robust financial results for the third quarter of 2023. The company recorded a profit of NIS 423...

"Enlight Powers Ahead: Exceeds Q3 Earnings Expectations, Plans 2.9 GW Expansion"

Posted on Nov 20, 2023 by Ifi Reporter - Dan Bielski

Enlight, the renewable energy company that completed its IPO on the Nasdaq nine months ago, continues to shine in the market, surpassing earnings per share forecasts for the third consecutive...

October: unemployment rate expanded to 9.6% - official unemployment rate remained at 3.4%

Posted on Nov 20, 2023 by Ifi Reporter - Dan Bielski

In October, Israel's official unemployment rate remained seemingly stable at 3.4%, but the reality is far more dire as the nation grapples with the consequences of the ongoing war. The...

Israeli Cybersecurity Firm Kaimera Technologies Faces Financial Crisis, Seeks Court Protection

Posted on Nov 19, 2023 by Ifi Reporter - Dan Bielski

Kaimera Technologies, a prominent Israeli cybersecurity company specializing in mobile security, submitted an urgent request to the District Court in Tel Aviv today, seeking court protection...

Houthi Militia Seizes Israeli-Owned Cargo Ship in Red Sea, Raising Global Concerns

Posted on Nov 19, 2023 by Ifi Reporter - Dan Bielski

In a development labeled as "a very serious event on a global scale" by the IDF spokesman, the Houthi militia has seized control of the cargo ship GALAXY LEADER in the Red Sea. The...

Cyber Attack Causes Major Disruptions for Leading Companies in Israel

Posted on Nov 19, 2023 by Ifi Reporter - Dan Bielski

In a shocking turn of events, a recent cyber attack targeting the website hosting company Signature-IT has resulted in widespread disruptions affecting numerous prominent businesses, including...

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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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