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

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Washington Post: Israel and Hamas have reportedly reached tentative details for a deal to release hostages

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

Israel and Hamas have reportedly reached tentative details for a deal, mediated by the United States, aimed at securing the release of hostages and implementing a five-day truce in the ongoing...

Government Extends Fuel Tax Reduction Ensuring Stable Gasoline Prices Until End of November 2023

Posted on Nov 16, 2023 by Ifi Reporter - Dan Bielski

Minister of Finance has signed orders extending the tax reduction on gasoline until the conclusion of November 2023. Originally set to expire at midnight between November 16 and 17, the...

Bank Hapoalim reported a third-quarter profit of NIS 1.6 billion

Posted on Nov 16, 2023 by Ifi Reporter - Dan Bielski

Bank Hapoalim, one of Israel's leading financial institutions, reported a third-quarter profit of NIS 1.6 billion, according to the bank's financial statements released this Thursday....

Job Vacancies Show Signs of Stability, High-Tech Sector Sees Incremental Growth

Posted on Nov 16, 2023 by Ifi Reporter - Dan Bielski

In a recent report by the Central Bureau of Statistics (CBS), data reveals a notable shift in the employment landscape for the month of August. The number of job vacancies in the economy reached...

Partner Reports Robust Q3 2023 Performance Despite Revenue Dip - 10% growth in net profit

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

In the third quarter of 2023, Partner, one of Israel's leading telecommunications companies, demonstrated a resilient financial performance, boasting a 10% growth in net profit, reaching NIS...

Inflation Slowdown in US Triggers Stock Jump and Dollar Decline; Impact on Israeli Economy and Politics

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

Inflation in the United States experienced a more significant deceleration in October than anticipated, amidst growing concerns of a global economic slowdown. Despite this, the core inflation...

Israeli Air Travel Sees Dramatic 41% Drop at Ben Gurion airport Amidst Recent Conflict

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

Israel's international air travel sector witnessed a substantial 41% decline in passenger numbers during October, as reported by the Airports Authority. This stark decrease is in comparison...

Israeli Treasury Raises Billions in Bonds Amidst Rising Interest Rates and Post-War Financial Challenges

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

Accountant General's Department of the Treasury recently raised an impressive 1.425 to 1.45 billion dollars through two series of government bonds denominated in dollars. The bonds, with...

Bezeq Group Reports Resilient Q3 2023 Financial Results Amidst Economic Challenges and Ongoing Conflict

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

Bezeq Group, a leading Israeli telecommunications company, has released its third-quarter financial results, showcasing resilience in the face of economic challenges and the ongoing "Iron...

Mortgage Demand Plummets to 4-Year Low Amidst War and Economic Challenges

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

The demand for mortgages in Israel has experienced a significant decline, reaching its lowest point in four years, according to data released by the Bank of Israel. The October figures, totaling...

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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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