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

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Tax Authority Director Extends Deadline for Gaza Strip Aid Grant Applications

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

Tax Authority Director Shay Ahronovitz has decided to exercise his authority under Government Decision 988 by extending the application deadline for aid grants intended to support residents of...

Car Importers in Israel Grapple with War-Induced Challenges and Impending Tax Hike

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

Preliminary data from Carzon, a car market data site, reveals that vehicle deliveries in Israel during October saw a less severe decline than anticipated. A total of 11,985 cars were delivered in...

Israeli Airlines Seek Government Assistance to Navigate Aviation Industry Crisis

Posted on Nov 1, 2023 by Ifi Reporter - Dan Bielski

Israir CEO Uri Sirkis revealed that Israeli airlines are seeking urgent short-term cash flow assistance from the Ministry of Finance, as well as long-term priority support from the State of...

Former NYC Mayor Michael Bloomberg Donates $44 Million to Magen David Adom Following Hamas Attack

Posted on Oct 31, 2023 by Ifi Reporter - Dan Bielski

former New York City Mayor Michael Bloomberg has announced a substantial donation of nearly $44 million to Magen David Adom (MDA) following the recent Hamas attack. Bloomberg, whose estimated...

Intel Grants $5,000 to Each Employee in Israel Amid Challenging Quarter

Posted on Oct 31, 2023 by Ifi Reporter - Dan Bielski

Intel has announced a generous grant of $5,000 for each of its employees in Israel. This announcement was made in a letter issued by Pat Gelsinger, the CEO of Intel Global, expressing his deep...

Mob Storms Dagestan airport in Russia in Search of Jews and Israeli Citizens

Posted on Oct 29, 2023 by Ifi Reporter - Dan Bielski

A disturbing incident unfolded in Dagestan, Russia, as an angry mob descended on an airport in pursuit of Jews who were believed to have arrived on a flight from Nagorno-Karabakh. Dagestan,...

Sentinel One Suspends Support for Black Hat Cybersecurity Conference Following Controversial Statements

Posted on Oct 28, 2023 by Ifi Reporter - Dan Bielski

American-Israeli cybersecurity company Sentinel One has decided to suspend its support and connection with the renowned "Black Hat" organization, the organizer of widely recognized...

Israel's GDP Growth Forecast in Q4 Slashed by JP Morgan Amid Ongoing Conflict

Posted on Oct 27, 2023 by Ifi Reporter - Dan Bielski

JP Morgan has significantly lowered its gross domestic product (GDP) growth forecast for the fourth quarter of this year. The financial giant now expects a staggering 11% drop compared to the...

Swiss Ministry of Foreign Affairs Freezes Funding for Israeli and Palestinian Human Rights Organizations

Posted on Oct 27, 2023 by Ifi Reporter - Dan Bielski

Swiss Ministry of Foreign Affairs has announced the suspension of funding for 11 Israeli and Palestinian human rights organizations that work to promote and protect Palestinian rights in Israel...

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...

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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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