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

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Right-Wing Protest in Jerusalem Challenges High Court Ahead of Key Hearing

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

Thousands gathered for a "Freedom Demonstration" in Jerusalem on Thursday evening, protesting against the pending High Court hearing regarding petitions against a controversial law...

Tenable has officially announced the purchase of the Israeli cloud protection company Ermetic for $265 million

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

Tenable has officially announced the purchase of the Israeli cloud protection company Ermetic for $265 million, which includes $240 million in cash and $25 million in shares. The closing is...

Check Point has announced its acquisition of Israeli start-up Atmosec

Posted on Sep 6, 2023 by Ifi Reporter - Dan Bielski

Leading cybersecurity firm Check Point has recently announced its acquisition of Israeli start-up Atmosec in a deal of undisclosed value, speculated to be in the millions. Atmosec, a budding...

cyber attack on Ma'aini Hishu'a hospital: Hackers had published the information they stole

Posted on Sep 6, 2023 by Ifi Reporter - Dan Bielski

About a month after the cyber attack on Ma'aini Hishu'a hospital, the hackers behind the attack announced that they had published the information they stole. During the past few weeks,...

Israeli fintech company ThetaRay raised $57 million

Posted on Sep 6, 2023 by Ifi Reporter - Dan Bielski

The Israeli fintech company ThetaRay raised $57 million led by the Portage Fund and with the participation of the JVP Fund, the company's largest shareholder, and other investors. The company...

Israeli hoteliers are making unprecedented price cuts during the typically lucrative Tishrei holiday season

Posted on Sep 5, 2023 by Ifi Reporter - Dan Bielski

Israeli hoteliers are making unprecedented price cuts during the typically lucrative Tishrei holiday season, which includes Rosh Hashanah and Sukkot. The move comes in response to a dismal summer...

Israeli Salaried Workers Enjoy Rising Incomes - High-Tech Sector Flourishes

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

The latest data released by the Central Bureau of Statistics paints a promising picture for salaried workers in Israel. According to the bureau's report, the average salary for a salaried...

Angel Bakery Overcomes Boycott and Reports 14% Sales Growth in First Half of 2023

Posted on Aug 31, 2023 by Ifi Reporter - Dan Bielski

Angel Bakery, despite facing an ultra-Orthodox boycott in May, has managed to achieve a remarkable 14% increase in sales during the first half of 2023, amounting to NIS 251 million. The...

Tourism Slump in July Raises Concerns for Israeli Hotel Industry

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

The tourism industry in Israel experienced a disappointing July, with the Hotel Association expressing concerns about the implications of the downturn. Contrary to the traditionally bustling...

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...

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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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