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

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Nvidia CEO Jensen Huang Shows Support for Employees and Grants Bonus Amid Israel's Conflict

Posted on Oct 25, 2023 by Ifi Reporter - Dan Bielski

Nvidia's CEO Jensen Huang expressed unwavering support for the company's 3,300 employees in Israel, many of whom have been called up to serve in the reserves amid the ongoing conflict in...

Friends of the IDF in the US: Emergency Campaign Raises Millions for Soldiers

Posted on Oct 25, 2023 by Ifi Reporter - Dan Bielski

In the wake of the recent outbreak of conflict in the State of Israel, the Friends of the Israel Defense Forces (FIDF) in the United States launched an extraordinary emergency campaign. The...

ChatGPT Discount Bank Offers Six-Month Mortgage Exemption to near Gaza Residents

Posted on Oct 25, 2023 by Ifi Reporter - Dan Bielski

In a generous move to support its customers in the Otaf region, Discount Bank has announced a unique and extensive benefit. Residents living within 7 km of the border will be granted a complete...

Ormat Technologies Expands Geothermal Power Capacity with $271 Million Acquisition

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

In a strategic move aimed at boosting their geothermal power production capacity by 70% before 2025, Ormat Technologies, under the leadership of CEO Doron Belsher, has accelerated its expansion...

"Dollar Surges to 11-Year High Against Israeli Shekel Amid Geopolitical Tensions"

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

In a remarkable turn of events, the representative rate of the US dollar closed at NIS 4.05 per dollar on Friday, marking an 11-year high against the Israeli shekel. As markets opened this Monday...

Surprise: Visa Exemption for Israeli Citizens to Begin Friday

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

In a surprise development, the United States has announced that the long-awaited visa exemption for Israeli citizens will take effect earlier than initially planned. Originally...

Rehabilitation of Gaza Settlements: A Collaborative Effort Amidst Controversy

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

Director of Planning has initiated the formation of a dedicated team tasked with planning the rehabilitation of settlements in the Gaza region. This crucial endeavor will be overseen by...

Teva Faces Legal Setback as European Court Rejects Appeal Against Cephalon's Antitrust Fine

Posted on Oct 18, 2023 by Ifi Reporter - Dan Bielski

In a significant blow to pharmaceutical giant Teva, the European Union's Court of Appeal has dismissed the company's appeal against a substantial fine imposed on its wholly owned...

Israel's Low Unemployment Rate at Risk Amidst "Iron Swords" War: 3.4%

Posted on Oct 18, 2023 by Ifi Reporter - Dan Bielski

In September, Israel celebrated a record low unemployment rate of 3.4%. However, the nation now faces the ominous threat of a sharp increase in joblessness as the "Iron Swords" war,...

"Israeli Credit Card Spending Plummets by 29% During the first week of 'Iron Swords' War"

Posted on Oct 17, 2023 by Ifi Reporter - Dan Bielski

A significant 29% drop in Israeli credit card spending was reported, as per data provided by the SBA, which oversees the national credit card payment system. Israeli citizens, grappling with the...

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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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