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

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Internet Consumption Surges in Israel Amidst Conflict, Raises Concerns Over Cybersecurity

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

In a recent report published by Bezeq, Israel's leading telecommunications company, it has been revealed that the average internet consumption per household in the country has surged by 18%...

Finance Committee Approves NIS 15 Billion Aid Plan for Business Sector Following Gaza War

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

Finance Committee has given its approval for the implementation of a comprehensive aid plan for the business sector following a recent conflict. The plan, developed by the Ministry of Finance,...

Bonds organization raised since the beginning of the Gaza war 7 billion dollars

Posted on Nov 7, 2023 by Ifi Reporter - Dan Bielski

In the wake of the Iron Swords war that erupted on the morning of October 7th, the international Bonds organization, under the adept leadership of Danny Noah, has initiated a formidable...

Nayax reported revenues of $60 million in the third quarter of 2023

Posted on Nov 7, 2023 by Ifi Reporter - Dan Bielski

Nayax concludes the third quarter of 2023 with an increase in revenue and a reduction in operating loss, when the company announced last week the purchase of a company for $36 million....

Outbrain Reports Strong Q3 Profits Following Cost-Cutting Measures

Posted on Nov 7, 2023 by Ifi Reporter - Dan Bielski

In a surprising turnaround, Israeli content recommendation company Outbrain has reported an accounting profit (GAAP) two years and four months after its IPO on Wall Street. The company's Q3...

President Herzog Urges US Universities to Condemn Hamas Massacre and Combat Anti-Semitism

Posted on Nov 7, 2023 by Ifi Reporter - Dan Bielski

Israeli President Yitzhak Herzog has called on the presidents of universities and colleges across the United States to condemn the massacre committed by Hamas on October 7 and to take a strong...

Iranian Hacker Group "Agrius" Escalates Cyber Attacks on Israeli Targets, Stealing Sensitive Information

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

Palo Alto's research unit sheds light on an alarming increase in cyber attacks by the Iranian hacker group known as "Agrius" against Israeli targets since the start of...

Weakened US Dollar Hits 2.7% Decrease in Value Against Israeli Shekel: 3.87

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

US dollar's value weakened further on Monday, marking a 2.7% decrease compared to the previous day. The representative exchange rate for the US dollar against the Israeli shekel closed at...

Weakening Dollar Amidst Bleak Employment Report Dampens Hopes of Fed Rate Hikes

Posted on Nov 3, 2023 by Ifi Reporter - Dan Bielski

US dollar has taken a substantial hit against major global currencies and, notably, the Israeli shekel. This sharp decline comes in the wake of a disheartening employment report released today,...

Delayed Transfer of NIS 200 Million to Arab Authorities in Israel Sparks Controversy

Posted on Nov 2, 2023 by Ifi Reporter - Dan Bielski

In a significant and long-awaited development, the ministry of interior and the state budget recently disbursed NIS 200 million to the 67 Arab authorities in Israel, following a delay of...

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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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