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

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Eckerstein Group Reports Impressive Second Quarter 2023 Results with 116% Net Profit Surge

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

Eckerstein Group has announced a staggering 116% surge in net profit during the second quarter of 2023, reaching NIS 19 million. This substantial growth in profit has been attributed to a robust...

IBI Investment House Reports Soaring Q2 2023 Profits and Increased Revenues

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

IBI Investment House, a prominent player in the financial sector, has just released its financial reports for the second quarter of 2023, revealing impressive growth in net profits and revenues....

Israel Secures 28 Million Eggs Ahead of Holidays to Prevent Shortage

Posted on Aug 28, 2023 by Ifi Reporter - Dan Bielski

In a bid to avert potential egg shortages during the upcoming holidays, Israel's Ministry of Agriculture has granted import licenses for a staggering 28 million eggs from Ukraine, Spain, and...

Ministry of Energy and Infrastructure Greenlights 60% Expansion in Natural Gas Supply from Tamar Reservoir

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

Ministry of Energy and Infrastructure has taken steps to accelerate the expansion of natural gas supply from the Tamar reservoir. The ministry's professionals estimate that this expansion...

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...

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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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