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

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American Tech Giant Cisco Offers Financial Support to Employees in Israel Amid Ongoing Conflict

Posted on Oct 15, 2023 by Ifi Reporter - Dan Bielski

  Amidst the ongoing conflict in Israel, several companies are stepping up to support their employees, and one notable example is the American technology giant, Cisco. With...

El Al Airlines is hiking the prices of air cargo transport from Europe to Israel

Posted on Oct 15, 2023 by Ifi Reporter - Dan Bielski

El Al Airlines has found itself embroiled in a public relations crisis after hiking the prices of air cargo transport from Europe to Israel by a staggering 150%. This decision has sparked...

National Emergency Authority Evacuates Thousands and Launches "Meshab Ruh" Program for Gaza Border Residents

Posted on Oct 15, 2023 by Ifi Reporter - Dan Bielski

Head of the National Emergency Authority, Brigadier General Yoram Laredo, announced the initiation of the "Meshab Ruh" program today, which is aimed at addressing the needs of...

Business Forum Distributes Rechargeable Digital Cards to Gaza Residents Amid Controversy

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

In a surprising move, the Business Forum, representing 200 of the largest companies in the Israeli economy, has initiated a distribution of rechargeable digital cards worth NIS 1,000 per person...

Credit rating agency Moody's will not proceed with the scheduled publication of a credit rating for Israel

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

In a last-minute decision that came as a surprise to financial markets and government officials, the credit rating agency Moody's has conveyed to the Accountant General that they will not...

Historic Campaign Launched by Jewish Federations of North America to Support Israel

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

In the midst of one of the darkest chapters in the history of the State of Israel, the Jewish Federations of North America have embarked on a historic mission to raise half a billion dollars in...

Minister of Information Galit Distal Atabrian announced her resignation

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

Minister of Information Galit Distal Atabrian announced her resignation from her post on Thursday evening, citing the decision to transfer information-related responsibilities to the Ministry...

Israeli State Faces Increasing Deficit Ahead of War, Economy Takes a Hit

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

State of I srael has seen a notable increase in its cumulative deficit over the past 12 months, reaching a worrying 1.5% of its Gross Domestic Product (GDP) in September. This alarming trend has...

Israeli Credit Card Spending Patterns Reveal Impact of War on Consumer Behavior

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

Israelis are witnessing a significant shift in their spending habits, with credit card transactions totaling over NIS 4.424 billion, a notable decrease compared to the average of NIS 6.592...

Government Considers Using Foreign Currency Reserves for War Funding

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

Israeli government is reportedly exploring the use of approximately $5 billion from the foreign currency reserves held by the Bank of Israel to finance the ongoing conflict. While the Ministry of...

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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 →

L’Oréal Signs 50-Year Global License Agreement for Gucci Beauty

Jul 15, 2026 by Ifi Reporter - Dan Bielski

L’Oréal has signed an exclusive worldwide 50-year license agreement to create, develop, and distribute fragrance and beauty products under the Gucci Beauty brand, strengthening its position in the global luxury beauty market. The agreement follows the previously... Continue reading →

Mul-T-Lock Partners With Ruach Nashit to Promote Women's Economic Independence

Jul 15, 2026 by Ifi Reporter - Dan Bielski

Mul-T-Lock , a leading Israeli security solutions company, has joined forces with Ruach Nashit (Women's Spirit), an organization dedicated to promoting economic independence among women survivors of domestic violence. The partnership aims to support women in rebuilding their lives... Continue reading →

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