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

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Minister of Information Galit Distal Atabrian announced her resignation

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

Minister of Information Galit Distal Atabrian announced her resignation from her post on Thursday evening, citing the decision to transfer information-related responsibilities to the Ministry...

Israeli State Faces Increasing Deficit Ahead of War, Economy Takes a Hit

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

State of I srael has seen a notable increase in its cumulative deficit over the past 12 months, reaching a worrying 1.5% of its Gross Domestic Product (GDP) in September. This alarming trend has...

Israeli Credit Card Spending Patterns Reveal Impact of War on Consumer Behavior

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

Israelis are witnessing a significant shift in their spending habits, with credit card transactions totaling over NIS 4.424 billion, a notable decrease compared to the average of NIS 6.592...

Government Considers Using Foreign Currency Reserves for War Funding

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

Israeli government is reportedly exploring the use of approximately $5 billion from the foreign currency reserves held by the Bank of Israel to finance the ongoing conflict. While the Ministry of...

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...

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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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