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

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Ultra-Orthodox Male Employment Rate Reaches All-Time High, Signaling Positive Shift in Trends

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

The employment rate of ultra-Orthodox men has surged to an all-time high of 55.8% in the second quarter, according to the latest data from the Central Bureau of Statistics (CBS). This milestone...

Egged's Inaugural Bond Issue Sees Over NIS 1 Billion in Demands

Posted on Aug 14, 2023 by Ifi Reporter - Dan Bielski

Egged, a prominent bus company controlled by the Keystone Foundation and the teacher and kindergarten funds with a 60% stake, has successfully garnered demands exceeding NIS 1 billion in its...

Volcani Institute Faces Budgetary Challenges - Research will be Impacted

Posted on Aug 12, 2023 by Ifi Reporter - Dan Bielski

Volcani Institute, a pioneering hub for agricultural research, has encountered fiscal constraints that have prompted a series of measures aimed at addressing the financial hurdles. The...

Cellcom Reports Strong Second Quarter 2023 Results with Continued Revenue Growth

Posted on Aug 12, 2023 by Ifi Reporter - Dan Bielski

Cellcom, a leading telecommunications company, has announced its financial results for the second quarter of 2023, marking its sixth consecutive quarter of revenue growth. The company's...

Cellcom Overcomes Device Sales Decline with Strong Communication Service Revenues, Faces Legal Setback

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

Cellcom , a prominent player in the telecommunications industry, showcased resilience in the face of a global slowdown in mobile device sales. The company's strategy of focusing on...

Energix's Profits Decline Amidst Rapid US Expansion of Renewable Energy Ventures

Posted on Aug 9, 2023 by Ifi Reporter - Dan Bielski

The prominent renewable energy firm, Energix, has encountered a setback in its financial performance during the second quarter of 2023. The company's ambitious expansion efforts in the United...

Israeli Average Salary Sees Mixed Trends in 2023: CBS Report

Posted on Aug 9, 2023 by Ifi Reporter - Dan Bielski

The Central Bureau of Statistics (CBS) has released its latest data highlighting the salary landscape in Israel for the year 2023, revealing a combination of growth and fluctuations across...

The US dollar demonstrated strength and rose to 3.72 shekels

Posted on Aug 8, 2023 by Ifi Reporter - Dan Bielski

The US dollar demonstrated strength in morning trading on Tuesday, boosted by China's lackluster trade data and Moody's announcement regarding the downgrade of ten smaller American banks....

Histadrut and the Local Government Center ratified a new salary agreement for education supporters in kindergartens

Posted on Aug 8, 2023 by Ifi Reporter - Dan Bielski

The Histadrut and the Local Government Center, which represents local authorities, have officially ratified a new salary agreement for education supporters in kindergartens, schools, and special...

Anis a prominent health products chain has filed an urgent freeze request of proceedings against it

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

Anis, a prominent health products chain operating 27 branches across the country, has filed an urgent request with the Jerusalem District Court, seeking a temporary freeze of proceedings and 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 →

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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