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

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New Emergency Venture Capital Fund "Safe Dome" to Bolster Israeli Start-ups Amidst Crisis

Posted on Oct 16, 2023 by Ifi Reporter - Dan Bielski

In the wake of the recent conflict in the southern region, a beacon of hope has emerged for young Israeli start-ups facing economic turmoil. A novel venture capital fund, known as "Safe...

Israeli Consumption Patterns Shift Amidst "Iron Swords" War: 28% decline in check-based transactions

Posted on Oct 16, 2023 by Ifi Reporter - Dan Bielski

In light of the ongoing "Iron Swords" war in Israel, a sense of economic uncertainty looms as the public grapples with the evolving financial landscape. The research department of...

"Wexner Foundation Ends 35-Year Partnership with Harvard University Over Controversial Stance on Israel-Hamas Conflict"

Posted on Oct 16, 2023 by Ifi Reporter - Dan Bielski

  In a dramatic move, the prestigious Wexner Foundation has officially terminated its 35-year partnership with Harvard University due to the institution's refusal to condemn a...

American Tech Giant Cisco Offers Financial Support to Employees in Israel Amid Ongoing Conflict

Posted on Oct 15, 2023 by Ifi Reporter - Dan Bielski

  Amidst the ongoing conflict in Israel, several companies are stepping up to support their employees, and one notable example is the American technology giant, Cisco. With...

El Al Airlines is hiking the prices of air cargo transport from Europe to Israel

Posted on Oct 15, 2023 by Ifi Reporter - Dan Bielski

El Al Airlines has found itself embroiled in a public relations crisis after hiking the prices of air cargo transport from Europe to Israel by a staggering 150%. This decision has sparked...

National Emergency Authority Evacuates Thousands and Launches "Meshab Ruh" Program for Gaza Border Residents

Posted on Oct 15, 2023 by Ifi Reporter - Dan Bielski

Head of the National Emergency Authority, Brigadier General Yoram Laredo, announced the initiation of the "Meshab Ruh" program today, which is aimed at addressing the needs of...

Business Forum Distributes Rechargeable Digital Cards to Gaza Residents Amid Controversy

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

In a surprising move, the Business Forum, representing 200 of the largest companies in the Israeli economy, has initiated a distribution of rechargeable digital cards worth NIS 1,000 per person...

Credit rating agency Moody's will not proceed with the scheduled publication of a credit rating for Israel

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

In a last-minute decision that came as a surprise to financial markets and government officials, the credit rating agency Moody's has conveyed to the Accountant General that they will not...

Historic Campaign Launched by Jewish Federations of North America to Support Israel

Posted on Oct 13, 2023 by Ifi Reporter - Dan Bielski

In the midst of one of the darkest chapters in the history of the State of Israel, the Jewish Federations of North America have embarked on a historic mission to raise half a billion dollars in...

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...

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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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