News

Fintech Startup Lendbuzz Raises $45 Million in Equity and $300 Million in Debt, Valued at $1.1 Billion

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

In a remarkable display of resilience amid ongoing high-tech market uncertainty, Lendbuzz, a fintech startup specializing in artificial intelligence-based consumer loans, announced today that it...

Elbit Systems Secures $115 Million Tank Ammunition Contract Following Ukraine War

Posted on Oct 1, 2023 by Ifi Reporter - Dan Bielski

In the wake of the ongoing conflict in Ukraine, Elbit Systems, led by Mickey Federman, is reaping the benefits of the increased demand for its defense products by NATO countries. The Israeli...

Clal Insurance Acquires 8% Stake in Shikun Vabinui Real Estate in NIS 400 Million Deal

Posted on Oct 1, 2023 by Ifi Reporter - Dan Bielski

In a strategic move aimed at reducing its debts, Shikun Vabinui Real Estate, a subsidiary of Shikun Vabinui, has successfully completed a share sale transaction with Clal Insurance. As part...

Electra Wins NIS 212 Million Contract to Revolutionize Waste Collection in Yavne Mizrah Shurk Complex

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

Electra, a prominent member of the Elco group under the leadership of Itamar Deutscher, has secured a NIS 212 million contract to implement a state-of-the-art pneumatic waste collection system....

Materna Baby Food Faces Severe Shortage Due to Factory Shutdown

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

Materna, a renowned manufacturer of baby food substitutes, has announced a critical shortage of its products, leaving consumers in distress. The company, Asem Nestlé, reports that its...

Tatami Asian Restaurant Chain Seeks Trustee Amidst NIS 14 Million Debt Crisis

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

Tatami Asian restaurant chain, a prominent presence in Israel's culinary scene, has submitted a formal request to the District Court in Haifa for the appointment of a trustee. The move comes...

Netflix Collaborates with Wooga to Launch Mystery Game "Ghost Detective"

Posted on Sep 26, 2023 by Ifi Reporter - Dan Bielski

Netflix has joined forces with Wooga, a renowned Israeli game company under the Playtica umbrella, to introduce "Ghost Detective," an immersive mystery and detective game. This unique...

Big Shopping Centers Acquires Seven-Star House in Herzliya for NIS 225 Million

Posted on Sep 26, 2023 by Ifi Reporter - Dan Bielski

Big Shopping Centers has purchased the esteemed Seven-Star House in Herzliya from Beit HaZhav for a sum of NIS 225 million, reflecting the net value of the property on the company's books as...

Tralight Leading Renewable Energy Company Announces Major Milestone in Canadian Operations

Posted on Sep 22, 2023 by Ifi Reporter - Dan Bielski

Tralight, a prominent player in the field, has taken a significant step forward in its Canadian operations. The company has officially confirmed the signing of a memorandum of understanding...

Workers' Union Protests Drastic Job Cuts and Lack of Transparency at Yediot Ahronoth Group

Posted on Sep 22, 2023 by Ifi Reporter - Dan Bielski

The Workers' Union representing journalists at leading Israeli media outlets, including "Yediot Ahronoth," "Calcalist," "Lasha," and "Ynet," has sent a...

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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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