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

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Clal concludes the third quarter with a total profit of NIS 40 million

Posted on Nov 30, 2022 by Ifi Reporter - Dan Bielski

After the two largest companies in the insurance market, Migdal and Harel, presented losses - Clal concludes the third quarter with a total profit of NIS 40 million. Last year in the...

Finance Committee approved budgetary changes in the state budget amounting to approximately NIS 7 billion.

Posted on Nov 29, 2022 by Ifi Reporter - Dan Bielski

The Finance Committee headed by MK Moshe Gafni approved budgetary changes in the state budget amounting to approximately NIS 7 billion. About NIS 2 billion will be transferred to the Ministry...

The Hajjaj Group: In Q3 revenues decreased to NIS 102 million

Posted on Nov 28, 2022 by Ifi Reporter - Dan Bielski

The Hajjaj Group concludes a quarter with a decrease in revenues to NIS 102 million, compared to NIS 134.5 million in the corresponding quarter. The company's gross profit also decreased, by...

Isrotel concludes the third quarter with a moderate erosion in the operating profit: NIS 577 million

Posted on Nov 28, 2022 by Ifi Reporter - Dan Bielski

Isrotel concludes the third quarter with a moderate erosion in the operating profit, as well as in the bottom line of the net profit. The hotel chain's revenues from hospitality services...

Rami Levy reports: sales grew by 4.7% in the quarter to NIS 1.54 billion - Dividend ill be paid of NIS 36 million

Posted on Nov 28, 2022 by Ifi Reporter - Dan Bielski

Rami Levy reports in the third quarter of the year: the increase in sales recorded by the group in its various sectors did not help the net profit which was cut in the period by 43.8% to NIS 23.7...

Beitan Wines chain is expected to generate revenues of NIS 3.9 billion and a profit of NIS 175 million in 2024

Posted on Nov 27, 2022 by Ifi Reporter - Dan Bielski

Electra's food retail activity continues to show weak results relative to the industry average, but Electra, which owns 35% of its shares, estimates that the company is in the process of...

Ministry of Health: Assuta Rishon Lezion hospital will reduce the amount of fertilization treatments

Posted on Nov 27, 2022 by Ifi Reporter - Dan Bielski

Almost three months after the affair broke, the Director General of the Ministry of Health, Professor Nachman Ash, and the head of the Ministry's Medicine Division, Dr. Hagar Mizrahi,...

Bank Hapoalim publishes its financial reports: a net profit of approximately NIS 1.8 billion in Q3

Posted on Nov 27, 2022 by Ifi Reporter - Dan Bielski

Bank Hapoalim publishes its financial reports for the third quarter of 2022: the bank concludes another quarter with strong results - a net profit of approximately NIS 1.8 billion in the third...

Tiv Taam: Sales shrunk in the quarter by 2.8% to NIS 399.5 million

Posted on Nov 23, 2022 by Ifi Reporter - Dan Bielski

A decrease in sales in the premium chain Tiv Taam. From the company's reports for the summary of the third quarter, it appears that the slowdown trend in the food market is recorded even when...

Cal credit card company: Profit in Q3 amounted to NIS 109 million compared to NIS 92

Posted on Nov 23, 2022 by Ifi Reporter - Dan Bielski

The Cal credit card company published today its reports for the third quarter of the year. The profit in the third quarter of 2022 amounted to NIS 109 million, compared to NIS 92 million in the...

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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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