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

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The US dollar demonstrated strength and rose to 3.72 shekels

Posted on Aug 8, 2023 by Ifi Reporter - Dan Bielski

The US dollar demonstrated strength in morning trading on Tuesday, boosted by China's lackluster trade data and Moody's announcement regarding the downgrade of ten smaller American banks....

Histadrut and the Local Government Center ratified a new salary agreement for education supporters in kindergartens

Posted on Aug 8, 2023 by Ifi Reporter - Dan Bielski

The Histadrut and the Local Government Center, which represents local authorities, have officially ratified a new salary agreement for education supporters in kindergartens, schools, and special...

Anis a prominent health products chain has filed an urgent freeze request of proceedings against it

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

Anis, a prominent health products chain operating 27 branches across the country, has filed an urgent request with the Jerusalem District Court, seeking a temporary freeze of proceedings and the...

Tax Disparities and Welfare Support Divide Non-Orthodox and Orthodox Jewish Households

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

In a country with a diverse population, the issue of tax discrepancies and welfare support has sparked debates between non-Orthodox and Orthodox Jewish households. Recent statistics reveal...

Forbes' Weekly Ranking Reveals Minor Shifts in Israel's Richest Individuals: . Miriam Adelson is first

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

In Forbes' latest weekly ranking of the world's wealthiest, the Israeli billionaires have seen some fluctuations in their fortunes. Miriam Adelson continues to hold the top spot among...

Record High Employment Rate Among Ultra-Orthodox Men in Second Quarter

Posted on Aug 2, 2023 by Ifi Reporter - Dan Bielski

The employment rate of ultra-Orthodox men reached an all-time high of 55.8% in the second quarter, according to the Central Bureau of Statistics' (CBS) employment target collection. This...

Audiocodes Reports Significant Profit Improvement in Q2 2023 Amid Streamlining Measures

Posted on Aug 2, 2023 by Ifi Reporter - Dan Bielski

Audiocodes, a leading provider of web-based voice communication solutions, access gateways, and media processing solutions, has announced a remarkable rebound in profitability during the second...

Netvision Customers Suffer 5-day Email Outage; Cellcom Promises Restoration but Complaints Mount

Posted on Aug 1, 2023 by Ifi Reporter - Dan Bielski

Thousands of Netvision customers have been left frustrated and unable to send or receive emails for the past five days. Cellcom, the company that owns Netvision, has informed its customers that...

Harel Group Invests NIS 390 Million in Tidhar, Unlocking New Opportunities

Posted on Aug 1, 2023 by Ifi Reporter - Dan Bielski

In a groundbreaking development for the local real estate industry, the Harel Group has entered into a strategic partnership with Tidhar, a leading private construction and entrepreneurship...

American public company Dynatrace revealed its acquisition of the Israeli start-up Rookout. The purchase, whose exact amount

Posted on Aug 1, 2023 by Ifi Reporter - Dan Bielski

American public company Dynatrace revealed its acquisition of the Israeli start-up Rookout. The purchase, whose exact amount remains undisclosed in the notice published last night, is estimated to...

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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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