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

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Sherry Arison sold a portion of her shares in the bank to Klal Insurance totaling NIS 336 million

Posted on Jul 20, 2023 by Ifi Reporter - Dan Bielski

Bank Hapoalim reported that Sherry Arison had sold a portion of her shares in the bank to Klal Insurance at the lock-in price, totaling NIS 336 million. As a consequence of this...

Egged Israel's leading transportation company, is gearing up to raise NIS 500 million

Posted on Jul 19, 2023 by Ifi Reporter - Dan Bielski

Egged, Israel's leading transportation company, is gearing up to raise NIS 500 million through a massive fundraiser. The fundraiser will involve issuing bonds that have been assigned a high...

Swiss-Israeli fintech startup Okoora: signing cooperation agreement with the credit card company Max

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

The Swiss-Israeli fintech startup Okoora announced the signing of a cooperation agreement with the credit card company Max. The collaboration aims to revolutionize the field of foreign exchange...

Materna has shut down one of the production lines for Materna Phase 1 products in Mehdrin

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

Materna, owned by Osem, announced that it has shut down one of the production lines for Materna Phase 1 products in Mehdrin, due to "recently found microbial findings". In her...

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...

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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 →

Former NBA Star Omri Casspi Raises $250 Million for Third Venture Fund

Sep 4, 2026 by Ifi Reporter - Dan Bielski

Former NBA player Omri Casspi has raised $250 million for the third fund of his venture capital firm, Swish Ventures, marking another major milestone in his transition from professional basketball to the technology investment world. The new fund brings Swish Ventures' total assets... Continue reading →

Why AI Adoption on the Factory Floor Is Far More Complicated Than a Successful Demo

Aug 25, 2026 by Ifi Reporter - Dan Bielski

The integration of artificial intelligence (AI) has become a major priority for technology companies and startups. Yet when AI solutions move from development environments to the physical factory floor, the reality can be considerably more complex.... Continue reading →

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