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

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Electra Wins NIS 212 Million Contract to Revolutionize Waste Collection in Yavne Mizrah Shurk Complex

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

Electra, a prominent member of the Elco group under the leadership of Itamar Deutscher, has secured a NIS 212 million contract to implement a state-of-the-art pneumatic waste collection system....

Materna Baby Food Faces Severe Shortage Due to Factory Shutdown

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

Materna, a renowned manufacturer of baby food substitutes, has announced a critical shortage of its products, leaving consumers in distress. The company, Asem Nestlé, reports that its...

Tatami Asian Restaurant Chain Seeks Trustee Amidst NIS 14 Million Debt Crisis

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

Tatami Asian restaurant chain, a prominent presence in Israel's culinary scene, has submitted a formal request to the District Court in Haifa for the appointment of a trustee. The move comes...

Netflix Collaborates with Wooga to Launch Mystery Game "Ghost Detective"

Posted on Sep 26, 2023 by Ifi Reporter - Dan Bielski

Netflix has joined forces with Wooga, a renowned Israeli game company under the Playtica umbrella, to introduce "Ghost Detective," an immersive mystery and detective game. This unique...

Big Shopping Centers Acquires Seven-Star House in Herzliya for NIS 225 Million

Posted on Sep 26, 2023 by Ifi Reporter - Dan Bielski

Big Shopping Centers has purchased the esteemed Seven-Star House in Herzliya from Beit HaZhav for a sum of NIS 225 million, reflecting the net value of the property on the company's books as...

Tralight Leading Renewable Energy Company Announces Major Milestone in Canadian Operations

Posted on Sep 22, 2023 by Ifi Reporter - Dan Bielski

Tralight, a prominent player in the field, has taken a significant step forward in its Canadian operations. The company has officially confirmed the signing of a memorandum of understanding...

Workers' Union Protests Drastic Job Cuts and Lack of Transparency at Yediot Ahronoth Group

Posted on Sep 22, 2023 by Ifi Reporter - Dan Bielski

The Workers' Union representing journalists at leading Israeli media outlets, including "Yediot Ahronoth," "Calcalist," "Lasha," and "Ynet," has sent a...

Real Estate Market Shows Signs of Revival as Apartment Sales Increase in August

Posted on Sep 18, 2023 by Ifi Reporter - Dan Bielski

After a prolonged period of stagnation in the real estate market, characterized by hesitant apartment buyers and failed state tenders for land marketing, there is finally a glimmer of hope....

Israeli Billionaire Ziv Aviram and Former US President Bill Clinton Join Forces to Launch Eco-Bridge Investment Fund

Posted on Sep 18, 2023 by Ifi Reporter - Dan Bielski

In a groundbreaking announcement made during the annual conference of the Clinton Family Foundation, Israeli billionaire Ziv Aviram, one of the co-founders of Mobileye, and former US President...

Bondholders of Bull Trading Move Closer to Taking Control as Talks with Controlling Owner Falter

Posted on Sep 14, 2023 by Ifi Reporter - Dan Bielski

In a decisive turn of events, negotiations between the bondholders of the non-bank credit company, Bull Trading, and its controlling owner, Ronen Bachor (72%), have hit a roadblock. This impasse...

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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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