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

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Halal Communications is asking the bondholders to postpone the bond payment

Posted on Jun 22, 2023 by Ifi Reporter - Dan Bielski

Halal Communications is asking the bondholders to postpone the bond payment that was scheduled for the end of the month, by one month. Halal requests that she be given the option of postponement...

Bank of Israel has approved the appointment of Avi Levy as CEO of Discount Bank

Posted on Jun 21, 2023 by Ifi Reporter - Dan Bielski

The Bank of Israel has approved the appointment of Avi Levy as CEO of Discount Bank. Levy will start his position in about two weeks, on July 9. At the beginning of June, the Board of...

Elbit Systems received a first order worth $180 million tactical drone systems to Romania

Posted on Jun 21, 2023 by Ifi Reporter - Dan Bielski

Elbit Systems continues to increase its order backlog. Elbit Systems received a first order worth $180 million to supply the first three systems out of up to seven "Watchkeeper X" type...

Singapore Airlines is the best airline in the world - El Al failed to make the list of the 100 best companies

Posted on Jun 21, 2023 by Ifi Reporter - Dan Bielski

Singapore Airlines was chosen as the best airline in the world, dethroning Qatar Airways from the top, according to the annual ranking published by Skytrax. The ranking in which 325 companies...

the dollar continues to strengthen against the shekel to NIS 3.61 due to the terrorist attack

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

n foreign exchange trading, the dollar continues to strengthen against the shekel and today it is based above the level of technical resistance that was at NIS 3.6 and it is trading at a level of...

Azrieli Group reports a sale of Compass server company to the Brookfield Fund for $5.7 billion

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

The Azrieli Group reports today on a huge deal for the sale of the Compass server company to the Brookfield Fund for $5.7 billion. Azrieli owns 33% of Compass shares and is expected to receive an...

Knesset member Orna Barbiei will run for mayor of Tel Aviv-Yafo in the upcoming local elections

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

Knesset member Orna Barbiei will run for mayor of Tel Aviv-Yafo in the upcoming local elections. Barbiei, the Minister of Economy in the previous government, is expected to resign from the...

Israel Post threatens to file a petition with the High Court against Communications Minister

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

Israel Post threatens to file a petition with the High Court against Communications Minister Shlomo Karai, after Karai began the political impeachment process of Post Chairman Mishal Vakanin. On...

Q1st was slightly better than the first estimates - growth rate in it reached 3.1% on an annual basis

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

The first quarter of 2023 was slightly better than the first estimates, and the growth rate in it reached 3.1% on an annual basis, compared to the first estimate for growth of only 2.5% - this is...

Israel's richest people: Miriam Adelson at the top with 36.1 billion dollars

Posted on Jun 17, 2023 by Ifi Reporter - Dan Bielski

In the list of Israel's richest people, according to the ranking of the world's richest people by Forbes, the battle for the top is not close at all, when Miriam Adelson admittedly lost...

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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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