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

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Competition Authority Summons Strauss for Alleged Attempted Price-Fixing Scheme

Posted on Aug 21, 2023 by Ifi Reporter - Dan Bielski

Competition Authority has summoned food industry giant Strauss for a hearing following suspicions of attempting to orchestrate a binding arrangement aimed at increasing prices. The move comes...

Clal Holdings Reports Strong Second Quarter 2023 Results Fueled by MAX Acquisition

Posted on Aug 20, 2023 by Ifi Reporter - Dan Bielski

Clal Holdings, under the leadership of CEO Yoram Neve, unveiled its impressive financial results for the second quarter of 2023. The company's strategic move to acquire MAX, a credit card...

Summer Layoffs in Israel Affect Thousands of Workers Amid Changing Consumption Habits

Posted on Aug 20, 2023 by Ifi Reporter - Dan Bielski

Amid the scorching heat of the summer months, Israeli workplaces have once again witnessed a wave of layoffs, impacting thousands of workers, with women bearing the brunt of the job losses. As...

Bank Leumi Introduces English Language Option in Mobile App Pioneering Accessibility for Non-Hebrew Speakers

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

Bank Leumi, one of Israel's leading financial institutions, is set to launch an English-language version of its mobile banking application. The new version, scheduled to be released at the...

Electric Company unveiled its financial statements for the first half: net profit of approximately NIS 0.74 billion

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

Electric Company unveiled its financial statements for the first half of 2023, revealing a net profit of approximately NIS 0.74 billion. This figure marked a decline from the prior year's...

Tel Aviv University Ranks Second Globally in Producing Unicorn Founders, Stanford Tops List

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

In a recent study conducted by Prof. Ilya Strabolev, an esteemed entrepreneurship researcher from the Stanford University School of Business Administration, Tel Aviv University has secured the...

Isracard Reports Impressive Growth with Doubling of Interest Income and Record Quarterly Revenues

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

Isracard, a prominent player in the credit market in Israel, has recently released its quarterly reports, showcasing a remarkable growth trend in its credit portfolio. The company's credit...

Bank Leumi reported a stellar performance in the second quarter, with earnings of NIS 2.45 billion

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

The Israeli banking sector has witnessed impressive growth in the second quarter of 2023, with several major banks reporting substantial increases in profits and market value. Bank Leumi, managed...

Discount Group Reports Strong Financial Results Amidst High Interest Rate Environment

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

High-interest rate environment, banks are reaping substantial profits, a trend exemplified by the impressive performance of the Discount Group. The Group recently released its financial results...

Mizrahi-Tefahot Bank Reports Impressive Financial Results for Q2 2023, Driven by Strong Profits and Expansion

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

Mizrahi-Tefahot Bank, a leading financial institution in Israel, has reported stellar financial results for the second quarter of 2023. These results underscore the bank's steady progress and...

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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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