News

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....

Mizrahi Tefahot Bank will grant an annual interest rate of 2% to customers whose accounts have a positive balance

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

Mizrahi Tefahot Bank has decided that it will grant an annual interest rate of 2% to customers whose accounts have a credit balance of up to NIS 25,000 in the current account, and whose total...

Supreme Planning Council in the Civil Administration approved today to advance the construction of more than 5,600 housing units in the settlements

Posted on Jun 27, 2023 by Ifi Reporter - Dan Bielski

The Supreme Planning Council in the Civil Administration approved today to advance the construction of more than 5,600 housing units in the settlements, more than a thousand of them in the Ali...

Due to a fault in the railway electrification network in the Herzliya area - traffic in the area was partially stopped

Posted on Jun 27, 2023 by Ifi Reporter - Dan Bielski

Due to a fault in the railway electrification network in the Herzliya area, and for the purpose of repair, traffic in the area was partially stopped and there are changes and delays in train...

Bank Mizrahi Tefahot signed a new salary agreement with the bank's employee committee for four year

Posted on Jun 26, 2023 by Ifi Reporter - Dan Bielski

Bank Mizrahi Tefahot signed a new salary agreement with the bank's employee committee for four years. The agreement refers to the years 2022-2026 and includes wage increases and bonuses for...

Israeli fintech company Payoneer is embarking on a significant cutback process

Posted on Jun 26, 2023 by Ifi Reporter - Dan Bielski

Four months after appointing a new CEO, the Israeli fintech company Payoneer is embarking on a significant cutback process. The company, which is traded on Nasdaq at a value of 1.7 billion...

Ministers support a law in which the governor of Israel bank will be able to determine the interest that banks will pay customers

Posted on Jun 25, 2023 by Ifi Reporter - Dan Bielski

The Ministerial Committee for Legislative Affairs has confirmed its support for a bill according to which the governor of the Bank of Israel will be able to determine the amount of interest that...

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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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