Tax Authority Director Extends Deadline for Gaza Strip Aid Grant Applications

Posted on Nov 2, 2023 by Ifi Reporter

Tax Authority Director Shay Ahronovitz has decided to exercise his authority under Government Decision 988 by extending the application deadline for aid grants intended to support residents of...

Car Importers in Israel Grapple with War-Induced Challenges and Impending Tax Hike

Posted on Nov 2, 2023 by Ifi Reporter

Preliminary data from Carzon, a car market data site, reveals that vehicle deliveries in Israel during October saw a less severe decline than anticipated. A total of 11,985 cars were delivered in...

Israeli Airlines Seek Government Assistance to Navigate Aviation Industry Crisis

Posted on Nov 1, 2023 by Ifi Reporter

Israir CEO Uri Sirkis revealed that Israeli airlines are seeking urgent short-term cash flow assistance from the Ministry of Finance, as well as long-term priority support from the State of...

Former NYC Mayor Michael Bloomberg Donates $44 Million to Magen David Adom Following Hamas Attack

Posted on Oct 31, 2023 by Ifi Reporter

former New York City Mayor Michael Bloomberg has announced a substantial donation of nearly $44 million to Magen David Adom (MDA) following the recent Hamas attack. Bloomberg, whose estimated...

Intel Grants $5,000 to Each Employee in Israel Amid Challenging Quarter

Posted on Oct 31, 2023 by Ifi Reporter

Intel has announced a generous grant of $5,000 for each of its employees in Israel. This announcement was made in a letter issued by Pat Gelsinger, the CEO of Intel Global, expressing his deep...

Mob Storms Dagestan airport in Russia in Search of Jews and Israeli Citizens

Posted on Oct 29, 2023 by Ifi Reporter

A disturbing incident unfolded in Dagestan, Russia, as an angry mob descended on an airport in pursuit of Jews who were believed to have arrived on a flight from Nagorno-Karabakh. Dagestan,...

Sentinel One Suspends Support for Black Hat Cybersecurity Conference Following Controversial Statements

Posted on Oct 28, 2023 by Ifi Reporter

American-Israeli cybersecurity company Sentinel One has decided to suspend its support and connection with the renowned "Black Hat" organization, the organizer of widely recognized...

Israel's GDP Growth Forecast in Q4 Slashed by JP Morgan Amid Ongoing Conflict

Posted on Oct 27, 2023 by Ifi Reporter

JP Morgan has significantly lowered its gross domestic product (GDP) growth forecast for the fourth quarter of this year. The financial giant now expects a staggering 11% drop compared to the...

Swiss Ministry of Foreign Affairs Freezes Funding for Israeli and Palestinian Human Rights Organizations

Posted on Oct 27, 2023 by Ifi Reporter

Swiss Ministry of Foreign Affairs has announced the suspension of funding for 11 Israeli and Palestinian human rights organizations that work to promote and protect Palestinian rights in Israel...

Nvidia CEO Jensen Huang Shows Support for Employees and Grants Bonus Amid Israel's Conflict

Posted on Oct 25, 2023 by Ifi Reporter

Nvidia's CEO Jensen Huang expressed unwavering support for the company's 3,300 employees in Israel, many of whom have been called up to serve in the reserves amid the ongoing conflict in...
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Strong US Employment Report Boosts Dollar Against Major Currencies

Dec 8, 2023 by Ifi Reporter

In the wake of a robust employment report from the United States, the dollar remains stable against the Israeli shekel at NIS 3.70. The positive data, which surpassed expectations, has notably strengthened the American currency against the euro and the pound. As of the latest market... Continue reading →

Maersk Implements "War Levy" on Container Shipments to Israel Amidst Security Concerns

Dec 8, 2023 by Ifi Reporter

In response to escalating security risks in the region, Danish shipping giant Maersk has announced the imposition of a "war levy" on container shipments to Israel. Citing a surge in insurance premiums for vessels arriving in Israel, Maersk stated that the emergency risk supplement is... Continue reading →

Isrotel is making significant strides in its international expansion efforts

Dec 7, 2023 by Ifi Reporter

Isrotel, the prominent Israeli hotel chain under the Lewis family's control and managed by Lior Raviv, is making significant strides in its international expansion efforts. The company has successfully acquired 50% ownership in three hotels in Athens, including one with two separate wings,... Continue reading →


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