News

Ukraine shot down a Russian drone made in Israel

Posted on Mar 12, 2022 by Ifi Reporter

While Israel refuses to supply Ukraine with weapons to defend itself against the Russian invasion, Friday its forces shot down a Russian drone made in Israel. Russia, Israel's main...

Matrix will sell 45% of the shares in the subsidiary Infinity Labs to Links Detail Holdko for NIS 160 million

Posted on Mar 10, 2022 by Ifi Reporter

The information technology company Matrix published on Thursday an update to its investors on a small exit, on which it will post a capital gain of NIS 160 million. As part of the transaction,...

Sharp rise in global transportation prices led to a yearly profit of $ 4.65 billion - 787% increase

Posted on Mar 9, 2022 by Ifi Reporter

ZIM sums up a tremendous year: The sharp rise in global transportation prices jumped the profit of the transportation shipping company by 787% to $ 4.65 billion in 2021, compared to $ 524 million...

Discount Bank's net profit in 2021 amounted to amounted to NIS 2.77 billion - an increase of 184.4%

Posted on Mar 9, 2022 by Ifi Reporter

Discount Bank's net profit in the fourth quarter of the year amounted to NIS 529 million, compared with NIS 264 million in the fourth quarter of 2020, in fact a doubling of profit. In 2021 as...

Israeli economy recovered quickly from the effects of the Omicron wave: 4.3% increase in average daily credit card expenditure

Posted on Mar 6, 2022 by Ifi Reporter

Data from the Automated Banking Services Company, director of the national credit card payment system, shows that the Israeli economy recovered quickly from the effects of the Omicron wave in...

Electra Consumer Products reported that it closed 2021 with revenues of NIS 4.6 billion

Posted on Mar 6, 2022 by Ifi Reporter

Electra Consumer Products reported that it closed 2021 with revenues of NIS 4.6 billion, about 79% more than 2020; Operating profit of NIS 266 million, about 103% more than in 2020; And a net...

250 investors gathered for the annual meeting of the venture capital industry

Posted on Mar 5, 2022 by Ifi Reporter

About 250 investors gathered for the annual meeting of the venture capital industry, this is an annual event that is taking place for the fourth year without an agenda, without speeches and...

Israel will not allow private jets of Russian Billionaires to be parked in Israeli airports

Posted on Mar 5, 2022 by Ifi Reporter

The government has ordered the Airports Authority (IAA) not to allow private jets of Russian Bilionaraires to be parked in Israel for more than 48 hours, TheMarker has learned. The government...

Haikon raised NIS 60 million in a private placement of 21% of its shares

Posted on Mar 2, 2022 by Ifi Reporter

Haikon raised NIS 60 million in a private placement of 21% of its shares, following an offering to institutional investors. Ikon (+ 0.37% 299.9), which develops digital systems for the...

Electra Real Estate continues to generate profits for the Zalkind brothers: reported revenues of NIS 635 million in 2021

Posted on Mar 1, 2022 by Ifi Reporter

Electra Real Estate continues to generate profits for the Zalkind brothers. The company, from the Elco Group controlled by the brothers, reported a sharp increase in revenues and bank profit in...

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Newsline

NVIDIA has announced the acquisition of Israeli startup Run:ai - will pay approximately $600 million

Apr 24, 2024 by Ifi Reporter

In a strategic move to bolster its artificial intelligence (AI) capabilities, technology giant NVIDIA has announced the acquisition of Israeli startup Run:ai. While the exact amount of the transaction remains undisclosed, sources familiar with the matter suggest that NVIDIA will pay... Continue reading →

House of Representatives voted in favor of the military aid package to Israel

Apr 20, 2024 by Ifi Reporter

The American House of Representatives voted this evening (Saturday) in favor of transferring the military aid package to Israel, Ukraine and Taiwan, worth 95 billion dollars. Israel's share of the aid package is expected to reach $14 billion, which will be used, among other things, to renew... Continue reading →

United Airlines Cancels Flights to Israel Until May 2 Amid Security Concerns

Apr 19, 2024 by Ifi Reporter

In response to ongoing security concerns, United Airlines has announced the cancellation of its daily flight from Newark to Tel Aviv until May 2. The decision reflects the airline's commitment to prioritizing the safety of its passengers and staff amidst the uncertain security situation.... Continue reading →


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