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

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Labor Rights and Compensation During Times of War: Expert Guidance Amidst Conflict

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

In the wake of recent conflict and a state of emergency declared in the central region, questions abound about employee rights, compensation, and job security in Israel. Attorney Rivka Verbner,...

Escalation of Conflict in Israel-Lebanon Border Region: mortar bombs were fired to Israel

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

Approximately 25 hours into the ongoing conflict, mortar bombs were fired earlier today from southern Lebanon towards Mount Dov, near the Israel-Lebanon border. In response, the Israel Defense...

Netanyahu, Lapid, and Gantz Consider Coalition Amid Gaza Conflict

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

Prime Minister Benjamin Netanyahu, along with opposition leaders Yair Lapid and Benny Gantz, engaged in discussions today regarding the possibility of forming a coalition government in response...

President Joe Biden delivered a resolute statement today affirming the United States' unwavering support for Israel

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

President Joe Biden delivered a resolute statement today, affirming the United States' unwavering support for Israel in the midst of the recent conflict in the Gaza Strip. Biden condemned the...

Shufersal Enlists McKinsey for Efficiency Program in Bid to Save Millions

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

Shufersal, one of Israel's largest retail chains, has initiated a comprehensive program aimed at saving hundreds of millions of shekels annually. To spearhead this ambitious endeavor,...

Ministry of Economy Launches Rapid Response Center to Bolster Business Resilience

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

Ministry of Economy and Industry has inaugurated the Center of Economy and Industry. This vital initiative is poised to deliver swift solutions to address the evolving needs of businesses and...

Former Israeli Prime Minister Ehud Olmert Linked to Blacklisted Cyber Company Intellexa in International Investigative Project

Posted on Oct 5, 2023 by Ifi Reporter - Dan Bielski

In a recent revelation as part of the international investigative project "Predator Cases," it has come to light that former Israeli Prime Minister Ehud Olmert was associated with the...

Fintech Startup Lendbuzz Raises $45 Million in Equity and $300 Million in Debt, Valued at $1.1 Billion

Posted on Oct 4, 2023 by Ifi Reporter - Dan Bielski

In a remarkable display of resilience amid ongoing high-tech market uncertainty, Lendbuzz, a fintech startup specializing in artificial intelligence-based consumer loans, announced today that it...

Elbit Systems Secures $115 Million Tank Ammunition Contract Following Ukraine War

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

In the wake of the ongoing conflict in Ukraine, Elbit Systems, led by Mickey Federman, is reaping the benefits of the increased demand for its defense products by NATO countries. The Israeli...

Clal Insurance Acquires 8% Stake in Shikun Vabinui Real Estate in NIS 400 Million Deal

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

In a strategic move aimed at reducing its debts, Shikun Vabinui Real Estate, a subsidiary of Shikun Vabinui, has successfully completed a share sale transaction with Clal Insurance. As part...

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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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