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

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Elbit Systems has secured a contract worth $150 million to supply artillery systems

Posted on Jul 18, 2023 by Ifi Reporter - Dan Bielski

Elbit Systems has secured a contract worth $150 million to supply artillery systems to an undisclosed international customer. The contract spans a period of three years and includes the delivery...

IBM lays off dozens of development workers in the field of software-based storage

Posted on Jul 17, 2023 by Ifi Reporter - Dan Bielski

IBM lays off dozens of development workers in the field of software-based storage in Israel. As part of the procedure, the computing giant offered those employees to replace the dismissal with an...

Partner won or the tenth year in a row, the highest grade, Platinum+ for corporate responsibility

Posted on Jul 17, 2023 by Ifi Reporter - Dan Bielski

The media group Partner won this morning, for the tenth year in a row, the highest grade, Platinum+, in the 'High ESG' rating for corporate responsibility, at a celebratory event held at...

Leviathan Gas Reservoir Partners Seek Increase in Export Permit - Raising Concerns

Posted on Jul 17, 2023 by Ifi Reporter - Dan Bielski

The partners of the Leviathan gas reservoir have recently submitted a request to the Israeli Ministry of Energy to increase their export permit by 180 BCM (billion cubic meters). If approved,...

Italian Digital Medicine Company, AccYouRate, Launches AccYouRate AI in Israel

Posted on Jul 16, 2023 by Ifi Reporter - Dan Bielski

In a groundbreaking move, AccYouRate, the renowned Italian digital medicine company, is expanding its global presence with the launch of AccYouRate AI in Israel. This innovative center, set to...

The dollar continues to fall and traded on Thursday at NIS 3.604 due to e encouraging inflation data

Posted on Jul 13, 2023 by Ifi Reporter - Dan Bielski

The dollar continues to fall and traded on Thursday at NIS 3.604. The reason for this is the encouraging inflation data published yesterday in the United States, which led directly to sharp drops...

The total amount of mortgages banks granted in June amounted to NIS 6.535 billion

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

The total amount of mortgages that the banks granted to the public in June of this year amounted to NIS 6.535 billion - a negligible increase compared to the previous month, which amounted to NIS...

Chairman of the Histadrut Arnon Bar-David: "Netanyahu where are you taking the State of Israel?

Posted on Jul 11, 2023 by Ifi Reporter - Dan Bielski

"I call on the Prime Minister: the ball is in your hand. Where are you taking the State of Israel? What legacy will you leave behind? Stop the crazy chaos that exists in Israeli society as...

The total amount of mortgages in June amounted to NIS 6.535 billion - 45% decrease

Posted on Jul 11, 2023 by Ifi Reporter - Dan Bielski

The total amount of mortgages that the banks granted to the public in June of this year amounted to NIS 6.535 billion - a negligible increase compared to the previous month, which amounted to NIS...

Spire Capital Partners acquires the Israeli cyber intelligence company Cobwebs Technologies for about 200 million dollars

Posted on Jul 11, 2023 by Ifi Reporter - Dan Bielski

Spire Capital Partners - an American private equity fund - acquires the Israeli cyber intelligence company Cobwebs Technologies for about 200 million dollars. The company develops cyber...

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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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