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

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The average salary for Israeli workers in September was NIS 12,214

Posted on Dec 4, 2022 by Ifi Reporter - Dan Bielski

The average salary for Israeli workers in September was NIS 12,214, an increase of 4.7% compared to the same month last year, according to data from the Central Bureau of Statistics published on...

Yes satellite company is launching fiber internet packages that include home internet plus TV services

Posted on Dec 1, 2022 by Ifi Reporter - Dan Bielski

Yes satellite company is launching fiber internet packages that include home internet plus TV services. The company promises an installation from today to tomorrow, but it should be noted that...

Bizavo is laying off about 100 employees - About 35% of the company's 280 employees

Posted on Dec 1, 2022 by Ifi Reporter - Dan Bielski

The technology company Bizavo, which operates in the field of conferences, is embarking on a second round of layoffs in six months. The company is laying off about 100 employees - which is about...

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...

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...

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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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