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

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Check Point has announced its acquisition of Israeli start-up Atmosec

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

Leading cybersecurity firm Check Point has recently announced its acquisition of Israeli start-up Atmosec in a deal of undisclosed value, speculated to be in the millions. Atmosec, a budding...

cyber attack on Ma'aini Hishu'a hospital: Hackers had published the information they stole

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

About a month after the cyber attack on Ma'aini Hishu'a hospital, the hackers behind the attack announced that they had published the information they stole. During the past few weeks,...

Israeli fintech company ThetaRay raised $57 million

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

The Israeli fintech company ThetaRay raised $57 million led by the Portage Fund and with the participation of the JVP Fund, the company's largest shareholder, and other investors. The company...

Israeli hoteliers are making unprecedented price cuts during the typically lucrative Tishrei holiday season

Posted on Sep 5, 2023 by Ifi Reporter - Dan Bielski

Israeli hoteliers are making unprecedented price cuts during the typically lucrative Tishrei holiday season, which includes Rosh Hashanah and Sukkot. The move comes in response to a dismal summer...

Israeli Salaried Workers Enjoy Rising Incomes - High-Tech Sector Flourishes

Posted on Sep 4, 2023 by Ifi Reporter - Dan Bielski

The latest data released by the Central Bureau of Statistics paints a promising picture for salaried workers in Israel. According to the bureau's report, the average salary for a salaried...

Angel Bakery Overcomes Boycott and Reports 14% Sales Growth in First Half of 2023

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

Angel Bakery, despite facing an ultra-Orthodox boycott in May, has managed to achieve a remarkable 14% increase in sales during the first half of 2023, amounting to NIS 251 million. The...

Tourism Slump in July Raises Concerns for Israeli Hotel Industry

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

The tourism industry in Israel experienced a disappointing July, with the Hotel Association expressing concerns about the implications of the downturn. Contrary to the traditionally bustling...

Eckerstein Group Reports Impressive Second Quarter 2023 Results with 116% Net Profit Surge

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

Eckerstein Group has announced a staggering 116% surge in net profit during the second quarter of 2023, reaching NIS 19 million. This substantial growth in profit has been attributed to a robust...

IBI Investment House Reports Soaring Q2 2023 Profits and Increased Revenues

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

IBI Investment House, a prominent player in the financial sector, has just released its financial reports for the second quarter of 2023, revealing impressive growth in net profits and revenues....

Israel Secures 28 Million Eggs Ahead of Holidays to Prevent Shortage

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

In a bid to avert potential egg shortages during the upcoming holidays, Israel's Ministry of Agriculture has granted import licenses for a staggering 28 million eggs from Ukraine, Spain, and...

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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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