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

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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...

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...

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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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