Category: 6. Business
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Shekel gains continue, bucking global trend against dollar
The shekel is gaining today against the US dollar and euro. In afternoon inter-bank trading the shekel is 0.21% lower against the dollar at NIS 3.731/$ and 049% lower against the euro at NIS 3.926/€. Yesterday, the Bank of Israel… Continue Reading
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El Al says perception of fare hikes is exaggerated
El Al Israel Airlines Ltd. (TASE:ELAL) is struggling to justify the gap between their situation, as they perceive it, as a company that operates at maximum output and goes above and beyond to enable Israelis to fly, and the public’s… Continue Reading
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China Helpless Against a Gang Stealing Its Gold
In the remote, rugged terrain of Colombia, a bitter and dangerous conflict is unfolding between a Chinese state-owned mining company and a powerful drug cartel that has hijacked a lucrative gold mine. Zijin Mining Group finds itself in an… Continue Reading
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Mizrahi Tefahot Q3 profit jumps 30%
Mizrahi Tefahot Bank has reported net profit of NIS 1.4 billion for the third quarter of 2024, up 30% from the corresponding quarter of 2023 with the highest return on equity (ROE) – 19% – of any Israeli bank that has reported so… Continue Reading
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SolarEdge to sublet part of new campus to ease crisis
Israeli solar energy technology company SolarEdge Technologies (Nasdaq: SEDG) is looking to sublet part of its new campus, which is currently under construction in Glilot. A source familiar with the matter has told “Globes” that… Continue Reading
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SparkIL Hannukah challenge seeks to boost support for Israeli businesses
SparkIL, a platform enabling peer-to-peer lending, is set to hold a Hanukkah “Sparkathon” competition geared at bolstering support for small Israeli businesses impacted by the Israel-Hamas War, the organization said on Wednesday. The… Continue Reading
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IAI net income spikes by 74% to $416m.
Israel Aerospace Industries (IAI) reported a record-breaking financial performance, with net income soaring 74% to $416 million and its order backlog hitting an all-time high of $25 billion in 2024’s first nine months. “It is with great… Continue Reading
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Wix soars on strong Q3 results, raises guidance
Israeli website building platform company Wix.com Ltd. (Nasdaq: WIX) has reported $445 million revenue in the third quarter of 2024, up 12.9% from the corresponding quarter of 2023, and non-GAAP net profit of $89.3 million ($1.50… Continue Reading
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India’s gold market shows strength through festive season
International and Indian domestic gold prices have fallen by 8% since the end of October, but the precious metal remains one of the country’s best-performing assets to date, according to a recent report by the World Gold Council. Kavita… Continue Reading
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Gold/Silver: What Precious Metals Bulls Do Not Want to See!
In a recent commentary, renowned precious metals analyst Phil Streible sounded a note of caution for silver bulls from the channel, Blue Line Features LLC. The market’s inability to decisively break above a key resistance level could signal… Continue Reading
