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

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Netanyahu and Bank of Israel Governor Discuss Future Term: "After high holidays"

Posted on Sep 10, 2023 by Ifi Reporter - Dan Bielski

Israeli Prime Minister Benjamin Netanyahu held a crucial meeting on Sunday with the Governor of the Bank of Israel, Prof. Amir Yaron, to discuss the possibility of extending Yaron's term,...

Right-Wing Protest in Jerusalem Challenges High Court Ahead of Key Hearing

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

Thousands gathered for a "Freedom Demonstration" in Jerusalem on Thursday evening, protesting against the pending High Court hearing regarding petitions against a controversial law...

Tenable has officially announced the purchase of the Israeli cloud protection company Ermetic for $265 million

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

Tenable has officially announced the purchase of the Israeli cloud protection company Ermetic for $265 million, which includes $240 million in cash and $25 million in shares. The closing is...

Check Point has announced its acquisition of Israeli start-up Atmosec

Posted on Sep 6, 2023 by Ifi Reporter - Dan Bielski

Leading cybersecurity firm Check Point has recently announced its acquisition of Israeli start-up Atmosec in a deal of undisclosed value, speculated to be in the millions. Atmosec, a budding...

cyber attack on Ma'aini Hishu'a hospital: Hackers had published the information they stole

Posted on Sep 6, 2023 by Ifi Reporter - Dan Bielski

About a month after the cyber attack on Ma'aini Hishu'a hospital, the hackers behind the attack announced that they had published the information they stole. During the past few weeks,...

Israeli fintech company ThetaRay raised $57 million

Posted on Sep 6, 2023 by Ifi Reporter - Dan Bielski

The Israeli fintech company ThetaRay raised $57 million led by the Portage Fund and with the participation of the JVP Fund, the company's largest shareholder, and other investors. The company...

Israeli hoteliers are making unprecedented price cuts during the typically lucrative Tishrei holiday season

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

Israeli hoteliers are making unprecedented price cuts during the typically lucrative Tishrei holiday season, which includes Rosh Hashanah and Sukkot. The move comes in response to a dismal summer...

Israeli Salaried Workers Enjoy Rising Incomes - High-Tech Sector Flourishes

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

The latest data released by the Central Bureau of Statistics paints a promising picture for salaried workers in Israel. According to the bureau's report, the average salary for a salaried...

Angel Bakery Overcomes Boycott and Reports 14% Sales Growth in First Half of 2023

Posted on Aug 31, 2023 by Ifi Reporter - Dan Bielski

Angel Bakery, despite facing an ultra-Orthodox boycott in May, has managed to achieve a remarkable 14% increase in sales during the first half of 2023, amounting to NIS 251 million. The...

Tourism Slump in July Raises Concerns for Israeli Hotel Industry

Posted on Aug 29, 2023 by Ifi Reporter - Dan Bielski

The tourism industry in Israel experienced a disappointing July, with the Hotel Association expressing concerns about the implications of the downturn. Contrary to the traditionally bustling...

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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 →

Former NBA Star Omri Casspi Raises $250 Million for Third Venture Fund

Sep 4, 2026 by Ifi Reporter - Dan Bielski

Former NBA player Omri Casspi has raised $250 million for the third fund of his venture capital firm, Swish Ventures, marking another major milestone in his transition from professional basketball to the technology investment world. The new fund brings Swish Ventures' total assets... Continue reading →

Why AI Adoption on the Factory Floor Is Far More Complicated Than a Successful Demo

Aug 25, 2026 by Ifi Reporter - Dan Bielski

The integration of artificial intelligence (AI) has become a major priority for technology companies and startups. Yet when AI solutions move from development environments to the physical factory floor, the reality can be considerably more complex.... Continue reading →

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