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

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Ministerial Committee is expected to meet on Wednesday to approve Privatization of postal company

Posted on Jul 3, 2023 by Ifi Reporter - Dan Bielski

Three weeks late, the Privatization Ministerial Committee is expected to meet on Wednesday to approve the order of interests of the postal service - which will allow the privatization of the...

Keshet controls 57% of the TV advertising budget of the Government Advertising

Posted on Jul 3, 2023 by Ifi Reporter - Dan Bielski

Keshet controls 57% of the TV advertising budget of the Government Advertising Bureau. This is according to a report prepared by Knesset's Research and Information Center regarding PM...

Minister of Finance Bezalel Smotrich might stop customs duty on the import of milk

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

The Minister of Finance, Bezalel Smotrich, published for public comment an order temporarily canceling the customs duty on the import of Niger milk, due to the shortage on the supermarket...

Price of electricity is expected to decrease by 3%-4% in August or September

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

The price of electricity is expected to decrease by 3%-4% in August or September. This is despite the fact that the electric company opposes the discount. This coming Thursday, the Ked...

Compromise: Harel Insurance will pay NIS 4.8 million to 16,000 Shirbit customers hurt by Cyber attack

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

Compromise in representations filed by consumers in the case of the cyber attack and the leaking of documents at Shirbit Insurance Company (now, R.P.E. Global): The Harel Insurance Company, which...

General Motors purchases the assets of the Israeli battery start-up Algolion from Rehovot

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

The automobile company General Motors (GM) announced on Friday the purchase of the assets of the Israeli battery start-up Algolion from Rehovot. The amount was not reported, but it is a small...

Bank IVC: Israeli high-tech companies raised $1.78 billion in the second quarter of 2023

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

The Israeli high-tech industry suffers from two pincer movements that work against it. On the one hand, the high and rising interest rates in the world (and in Israel) cause venture capital...

New York is suing the controlling owner of El Al Kenny Rosenberg for misappropriating welfare funds in the amount of 83 million dollars

Posted on Jun 29, 2023 by Ifi Reporter - Dan Bielski

The state of New York is suing the controlling owner of El Al, the Israeli-American businessman Kenny Rosenberg, and the vice chairman of the board, Darrell Hegler, for misappropriating welfare...

The Ministry of Energy will announce the final price, which will probably remain around NIS 6.85

Posted on Jun 28, 2023 by Ifi Reporter - Dan Bielski

Finance Minister Bezalel Smotrich published for public comment another order to reduce the tax on fuel, according to which it will stand at 38 shekels until the end of July, after it stood at 54...

"The plunge in investments in Israeli high-tech companies continues": Israeli high-tech companies raised $1.78 billion

Posted on Jun 28, 2023 by Ifi Reporter - Dan Bielski

The plunge in investments in Israeli high-tech companies continues, according to preliminary data in a report issued by Leumitech (the high-tech banking arm of Bank Leumi) and the IVC company....

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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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