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

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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...

The total amount of mortgages banks granted in June amounted to NIS 6.535 billion

Posted on Jul 12, 2023 by Ifi Reporter - Dan Bielski

The total amount of mortgages that the banks granted to the public in June of this year amounted to NIS 6.535 billion - a negligible increase compared to the previous month, which amounted to NIS...

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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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