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

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Content recommendation company Outbrain: Adjusted loss of $5.5 million compared with profit of $6.6 million

Posted on Nov 12, 2022 by Ifi Reporter - Dan Bielski

Content recommendation company Outbrain published improved forecasts but reported an adjusted loss per share in the third quarter that was 50% lower than analysts' expectations: 10 cents...

Matrix income was about NIS 1.16 billion - increase of 12.9%

Posted on Nov 11, 2022 by Ifi Reporter - Dan Bielski

The Matrix company, which deals in providing software solutions and marketing hardware and software products, published its financial reports for the third quarter of the year according to which...

About 100 headquarters employees at Strauss will be laid off

Posted on Nov 9, 2022 by Ifi Reporter - Dan Bielski

About 100 headquarters employees at Strauss will be laid off as part of the efficiency plan the company is undergoing against the background of inflation and the damage to profitability, and as...

Service quality: Partner leads in satisfaction in the Internet providers and Golan in Cellular

Posted on Nov 8, 2022 by Ifi Reporter - Dan Bielski

The Ministry of Communications publishes the service quality index. Here are the main parameters tested as part of the index, the winners and the least valued in each category: • In the...

Recovery in the hotel industry: In the first 6 months 90 thousand square meters of hotel began to be built

Posted on Nov 6, 2022 by Ifi Reporter - Dan Bielski

After suffering a severe blow during the Corona period, data for the first half of 2022 indicate a continued recovery in the hotel industry, as far as the construction of new hotels and...

Bank of Israel: Banks will be required to calculate for each customer the most profitable fee route

Posted on Nov 6, 2022 by Ifi Reporter - Dan Bielski

The Bank of Israel issued a first draft of the fee rules update, according to which the banks will be required to calculate for each customer every month what is the most profitable fee route for...

Vee has fired half of its employees as part of the second round of layoffs

Posted on Nov 6, 2022 by Ifi Reporter - Dan Bielski

The Vee company, which develops a platform for managing social action in organizations, has fired half of its employees as part of the second round of layoffs. Now only 17 employees will remain...

District Court issued a temporary freeze of proceedings for the food chain "Ad Ha'Om Express"

Posted on Nov 6, 2022 by Ifi Reporter - Dan Bielski

The District Court in Tel Aviv issued a temporary freeze of proceedings for the food chain "Ad Ha'Om Express". The chain, controlled by Ezra Shemesh, Yossi Bachar and Efi Shemesh,...

export of goods from Israel excluding diamonds amounted to NIS 16.0 billion

Posted on Nov 3, 2022 by Ifi Reporter - Dan Bielski

According to the data of the Central Bureau of Statistics, the export of goods from Israel (excluding diamonds) amounted to NIS 16.0 billion in total. Of the total exports of goods, exports to...

Transportation experts say we may face many more hours in traffic every day

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

Israel is taking giant steps towards a transportation catastrophe. Transportation experts say we may face many more hours in traffic every day. Even so, we're stuck in traffic jams, but...

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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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