News

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...

Ministry of Foreign Affairs advised Israeli citizens to consider the necessity of their arrival in Russia

Posted on Jun 24, 2023 by Ifi Reporter - Dan Bielski

The Ministry of Foreign Affairs advised Israeli citizens to consider the necessity of their arrival in Russia. In addition, he called on Israeli citizens in Russia to consider not staying in the...

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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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