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

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"El Al's Sabbath Flights Contingent on State Orders, Responds Firm Amid High Court Petition"

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

El Al, Israel's national airline, has clarified its position on operating flights during the Sabbath, asserting that it will do so solely if issued a binding order from the state. The...

New Emergency Venture Capital Fund "Safe Dome" to Bolster Israeli Start-ups Amidst Crisis

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

In the wake of the recent conflict in the southern region, a beacon of hope has emerged for young Israeli start-ups facing economic turmoil. A novel venture capital fund, known as "Safe...

Israeli Consumption Patterns Shift Amidst "Iron Swords" War: 28% decline in check-based transactions

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

In light of the ongoing "Iron Swords" war in Israel, a sense of economic uncertainty looms as the public grapples with the evolving financial landscape. The research department of...

"Wexner Foundation Ends 35-Year Partnership with Harvard University Over Controversial Stance on Israel-Hamas Conflict"

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

  In a dramatic move, the prestigious Wexner Foundation has officially terminated its 35-year partnership with Harvard University due to the institution's refusal to condemn a...

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...

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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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