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

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Bank of Israel Governor Amir Yaron has officially announced his intention to extend his term

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

Bank of Israel Governor Amir Yaron has officially announced his intention to extend his term following the establishment of an emergency government. Yaron has cited the ongoing state of emergency...

Labor Minister Extends Working Hours Amidst Labor Shortage Due to Iron Swords War

Posted on Oct 10, 2023 by Ifi Reporter - Dan Bielski

In response to the severe labor shortage stemming from the ongoing Iron Swords War, Labor Minister Yoav Ben Tzur has authorized an extension of working hours in the Israeli economy. The conflict...

Mayors: The Ministry of the Interior should announce the postponement of the elections. - we are at war

Posted on Oct 10, 2023 by Ifi Reporter - Dan Bielski

Mayors from various municipalities are urging the government to delay the upcoming local elections, which are originally slated for October 31, 2023. The conflict has resulted in hundreds of...

Cyber Attack Targets Ono Academic College; Student Records Compromised

Posted on Oct 9, 2023 by Ifi Reporter - Dan Bielski

Ono Academic College, situated in Kirya, Israel, has fallen victim to a cyber attack, putting the privacy and security of its students at risk. The institution's management announced this...

IKEA Closes Multiple Stores Across Israel Amidst "Iron Swords" Conflict

Posted on Oct 9, 2023 by Ifi Reporter - Dan Bielski

Several businesses across Israel have been compelled to shutter their doors. This widespread closure has resulted from a range of factors, including the extensive mobilization of reservist...

Israel's Ministry of Finance Addresses Economic Impact of Gaza Conflict

Posted on Oct 9, 2023 by Ifi Reporter - Dan Bielski

In the midst of Israel's intensive military campaign in the Gaza Strip, the Ministry of Finance held a crucial situation assessment discussion on Monday, spearheaded by Finance Minister...

Israel's Slow Digital Transformation Threatens Economic Productivity, OECD Report Reveals

Posted on Oct 9, 2023 by Ifi Reporter - Dan Bielski

The OECD report published last week showed that Israel lags behind the OECD countries not only in relation to the low rate of ultra-Orthodox employment, but also hints at the slow transition of...

Public College Heads Align School Year Start Date with Security Agenda

Posted on Oct 9, 2023 by Ifi Reporter - Dan Bielski

The Board of Heads of Public Colleges (VRAM) has announced a significant change to the start date of the school year. The decision comes in response to recent security incidents, and it reflects...

Jerusalem's Urban Public Transportation Services to Operate in Reduced Emergency Format on Monday

Posted on Oct 9, 2023 by Ifi Reporter - Dan Bielski

The Ministry of Transportation has announced a significant adjustment to the urban public transportation service in Jerusalem, set to take effect on Monday. This move comes in response to...

Cellular Communication Disrupted in Communities near Gaza Due to Ongoing Conflict

Posted on Oct 8, 2023 by Ifi Reporter - Dan Bielski

Over 36 hours into the ongoing conflict initiated by Hamas, cellular communication in communities surrounding Gaza continues to face severe disruptions. The disruptions stem primarily from...

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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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