News

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...

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...

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