Economy

Lionel Messi has reached an in-principle agreement to acquire 100% of the Spanish Segunda División club CD Eldense. The deal is pending due diligence and approval, marking his second football investment in Spain.

Wall Street indexes dropped as rising oil prices reignited inflation fears, while tech stocks like Intel and CoreWeave posted gains amid AI enthusiasm and supply updates.

Real estate experts at the Globes and Bank Leumi conference emphasize that comprehensive legal and zoning due diligence is vital before signing contracts to prevent costly surprises and operational risks.

Nvidia posts strong second-quarter results with $2.22 EPS, reaching a $5.55 trillion market cap. Analysts project 70% revenue growth for fiscal 2028 driven by the Vera Rubin architecture.

Hachshara Insurance is launching a credit broker platform for agents to intermediate loans, mortgages, and business credit, expanding beyond traditional insurance and pensions.

A panel at the Global Aliyah Live Summit urged new immigrants to prepare financially for Israel's unique banking, high housing costs, and a challenging first year by building a strong safety net and doing thorough research.

Just Eat has decided against launching its brand in Israel for now, following a pilot in the south. Subsidiary Ten Bis will focus on its core B2B corporate catering operations.

Junior architects in Israel earn 12,000 to 16,000 NIS gross monthly before licensing, while registered professionals see higher salaries ranging up to 35,000 NIS.

Israel Discount Bank has petitioned state regulators to cancel its mandated sale of credit card company CAL to the Horesh-Harel group, citing prohibitive conditions imposed by the Competition Authority that threaten the 4 billion shekel deal.

Hatzhi Hinam chain launches FOOD MARKET at its Rehovot branch, offering fresh prepared homestyle dishes and chef-crafted meals alongside an expanded weekend Asian menu and sushi platters.

Tzachi Abu and former Shikun & Binui CEO Tamir Cohen are acquiring a 25% stake in real estate firm WeBox for 76 million shekels following the collapse of Abu's previous G-City deal.

Or Poria, Chairman of Poria Financials, analyzes the latest markets, noting U.S. tech strength, the Bank of Israel's rate cut boosting Israeli stocks, and shekel stability supported by trade surpluses.

A labor court ruled that a hospital worker's PTSD and hearing loss from an Ashkelon rocket attack days after October 7 are work injuries, recognizing a continuous chain of events.

Pelephone launches a new international roaming package for families featuring 50GB of data shared among up to seven users for 299 NIS. The 30-day plan includes calls and SMS.

Sarit Strasmeister has been appointed to head Partner's marketing communications division, bringing over 15 years of industry experience from leading firms.

The Sea Lion oil project led by Israeli firm Navitas Petroleum in the Falkland Islands has reignited tensions as Argentine President Javier Milei threatens legal action, exposing a mix of territorial disputes and billions in energy investments.

Access Partners has raised $18 million in three months, backed by Mor, Profit Finance, and the Shestovitch Group. Founded by FAI executives, the fund invests alongside major VCs in growth tech companies.

Tel Aviv trading closed lower as the TA-35 fell 0.81% to 4,276.22 points and the TA-90 dropped 1.42%. Equity turnover reached NIS 3.6 billion amid broad declines in real estate.

Delivery startup HAAT is expanding beyond Tel Aviv into the Center and Sharon regions, hiring a sales lead following an April funding round of 60 million shekels.

Economic analyst Doron Peskin discusses how the closure of the Israeli market to Palestinian workers and banking crises have pushed West Bank unemployment to 30%, though the economy is holding on.

The National Insurance Institute announced a dedicated hotline for Israelis abroad operating in three languages. Additionally, benefit payments for September will be advanced ahead of the Tishrei holidays.

Discount Bank reviews global and Israeli economic trends, noting the Bank of Israel rate cut to 3.25%, ongoing US inflation debates, and robust high-tech export growth in June 2026.

Controlling shareholders of Eldan Transportation, the Dahan family, purchased shares worth 5.3 million shekels. The move follows Q2 2026 financial results showing 420 million shekels in revenue and a 3.9 million shekels dividend approval.

Ten Bis clarifies that its delivery service continues as usual following reports of a strategic shift toward the corporate sector and phasing out pure consumer operations by late 2026.

Suez Canal revenues jumped 42% in July to $505 million as Saudi Arabia diverted oil exports and stranded ships paid to return north. Despite the rebound, earnings remain far below 2023 peaks.

Gen Z is starting to invest at a record-average age of 19, driven by apps and TikTok. While algorithms and financial influencers introduce risks and losses, young investors display remarkable resilience and long-term savings habits.

The first urban renewal project in Tira and the Arab sector heads to VATMAL for deposit, featuring 250 new apartments on municipal land where a housing venture failed decades ago.

Israeli credit card company Cal is launching a travel benefits package for the Tishrei holidays, offering a $20 bonus on foreign currency wallets, zero-fee shopping, and airport perks.

Shibolet Group and Kibbutz Mefalsim inaugurated the Gaza Envelope's first post-October 7 private industrial park. Backed by Bank Leumi financing and reaching 100% occupancy, the 13,500-square-meter project marks a major Zionist and economic milestone.

Two agricultural companies founded by farmer Zion Swissa have filed for a stay of proceedings at the Be'er Sheva District Court, citing debts of 30 million NIS. The firms blame the COVID-19 pandemic, the Iron Swords War, and severe labor shortages for their financial collapse.

European natural gas prices have surged past €70 per megawatt-hour amid supply chain disruptions and surging summer demand. Reserves stand at just 65% capacity, raising global inflationary concerns.

A review at Tomer Food found inventory-handling gaps at its subsidiary Tomer Import Food and alleged interference by CEO and chairman Doron Kimelov in setting inventory values. CPA Guy Fridman was appointed, trading was halted, and the Audit Committee expanded checks to revenue and related-party transactions.

Amram Avraham is entering urban renewal in Mazkeret Batya for the first time, partnering on two Sderot Eliyahu projects to demolish 216 old units and build 781 new ones.

Data released by fintech firm Hyp shows Israelis conducted more transactions ahead of the holiday but spent less overall. Turnover dropped by 6% while average transaction values fell across food, fashion, and retail sectors.

Harel Insurance Group announced a 10,000 shekel bonus for employees following a strong quarter featuring a 30% profit surge to 1 billion shekels. The company also shifted to a quarterly dividend policy after its stock surged over 65%.

Data from the Phoenix Gamma index shows subdued pre-Rosh Hashanah consumer activity, with food sales up 9% and fashion dropping 3% as shoppers focused on back-to-school expenses.

Chilean crypto exchange Orionx has shut down permanently, freezing withdrawals after discovering a $7 million deficit in customer assets. The company filed complaints against former founders, while over 100,000 users face uncertain asset recovery.

Israel's state deficit dropped to 3.2% of GDP at the end of August, totaling around 71 billion NIS. State revenues rose 9% to 47.9 billion NIS, driven by increased vehicle imports and consumption.

Bank Jerusalem has introduced the Construction Inputs deposit, allowing private clients to link apartment savings to the residential construction index to mitigate future payment risks.