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

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Friends of the IDF in the US: Emergency Campaign Raises Millions for Soldiers

Posted on Oct 25, 2023 by Ifi Reporter - Dan Bielski

In the wake of the recent outbreak of conflict in the State of Israel, the Friends of the Israel Defense Forces (FIDF) in the United States launched an extraordinary emergency campaign. The...

ChatGPT Discount Bank Offers Six-Month Mortgage Exemption to near Gaza Residents

Posted on Oct 25, 2023 by Ifi Reporter - Dan Bielski

In a generous move to support its customers in the Otaf region, Discount Bank has announced a unique and extensive benefit. Residents living within 7 km of the border will be granted a complete...

Ormat Technologies Expands Geothermal Power Capacity with $271 Million Acquisition

Posted on Oct 23, 2023 by Ifi Reporter - Dan Bielski

In a strategic move aimed at boosting their geothermal power production capacity by 70% before 2025, Ormat Technologies, under the leadership of CEO Doron Belsher, has accelerated its expansion...

"Dollar Surges to 11-Year High Against Israeli Shekel Amid Geopolitical Tensions"

Posted on Oct 23, 2023 by Ifi Reporter - Dan Bielski

In a remarkable turn of events, the representative rate of the US dollar closed at NIS 4.05 per dollar on Friday, marking an 11-year high against the Israeli shekel. As markets opened this Monday...

Surprise: Visa Exemption for Israeli Citizens to Begin Friday

Posted on Oct 19, 2023 by Ifi Reporter - Dan Bielski

In a surprise development, the United States has announced that the long-awaited visa exemption for Israeli citizens will take effect earlier than initially planned. Originally...

Rehabilitation of Gaza Settlements: A Collaborative Effort Amidst Controversy

Posted on Oct 19, 2023 by Ifi Reporter - Dan Bielski

Director of Planning has initiated the formation of a dedicated team tasked with planning the rehabilitation of settlements in the Gaza region. This crucial endeavor will be overseen by...

Teva Faces Legal Setback as European Court Rejects Appeal Against Cephalon's Antitrust Fine

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

In a significant blow to pharmaceutical giant Teva, the European Union's Court of Appeal has dismissed the company's appeal against a substantial fine imposed on its wholly owned...

Israel's Low Unemployment Rate at Risk Amidst "Iron Swords" War: 3.4%

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

In September, Israel celebrated a record low unemployment rate of 3.4%. However, the nation now faces the ominous threat of a sharp increase in joblessness as the "Iron Swords" war,...

"Israeli Credit Card Spending Plummets by 29% During the first week of 'Iron Swords' War"

Posted on Oct 17, 2023 by Ifi Reporter - Dan Bielski

A significant 29% drop in Israeli credit card spending was reported, as per data provided by the SBA, which oversees the national credit card payment system. Israeli citizens, grappling with the...

"El Al's Sabbath Flights Contingent on State Orders, Responds Firm Amid High Court Petition"

Posted on Oct 17, 2023 by Ifi Reporter - Dan Bielski

El Al, Israel's national airline, has clarified its position on operating flights during the Sabbath, asserting that it will do so solely if issued a binding order from the state. The...

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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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