News

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...

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...

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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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