Economy

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Kfar Saba struggles with demographic decline and housing shortages, losing its status as a major Israeli city despite a recent surge in housing construction starts.

Osher Ad supermarket chain sells Adidas Tokyo sneakers for 199 ILS, undercutting fashion websites like Terminal X and CHOZEN by over 100 to 300 ILS per pair.

Fox Group has announced a major 50% discount sales event for Dreamcard VIP holders across leading fashion, sports, and lifestyle brands from October 11 to 17, 2026.

Julius Baer's weekly review covers Democratic momentum in US midterm prediction markets, robust Wall Street earnings growth, and the ongoing AI pricing war testing business models.

Israeli cybersecurity firm XM Cyber has sold its intellectual property to CrowdStrike for $600 million in cash and stock, resulting in massive layoffs that left only 50 of its 300 local employees.

The Azrieli Group has dropped residential plans for its 91-story Spiral Tower in Tel Aviv, converting the space entirely to offices amid a luxury housing glut.

Russia has authorized state-owned Sberbank to offer crypto trading and custody for foreign trade, aiming to bypass Western sanctions. Simultaneously, Moscow imposes strict caps on retail investors and bans private P2P transactions.

France's sovereign bond yields have hit 4.9% amid a worsening debt crisis, sparking fears of a eurozone bailout. With debt projected to exceed 120% of GDP, all eyes are on the ECB.

A new IFR report reveals that 94% of English football clubs operate at a loss, with over a quarter unable to survive a month without owner funding.

The Haifa Regional Labor Court ordered the Israel Fire and Rescue Authority to pay NIS 100,000 in compensation to a firefighter who suffered systematic workplace bullying and defamation by a senior official.

Tel Aviv University celebrates its 70th anniversary, Zoglbek CEO Ron Ackerman steps down after six years, and Kardan Real Estate warns of shrinking state land marketing.

Israeli defense industries, facing anti-Israel policies in France, are recruiting French-Jewish engineers and IT experts at a Paris job fair organized by official agencies.

Alfred Akirov is advancing his plan to delist Alrov Properties from the Tel Aviv Stock Exchange through a tender offer worth up to 788.4 million shekels. The move aims to bypass regulatory hurdles and bring him closer to controlling Clal Insurance.

A new external audit report reveals that the Israeli Ministry of Defense's debt to state defense companies has soared to billions of shekels, driving up massive financing costs and threatening supply chains.

Netflix has acquired exclusive broadcasting rights for the 2030 FIFA World Cup in Spain and Andorra, securing all 104 matches in a major sports streaming expansion.

Infrastructure firm Y.K.R. Brashi has filed for insolvency at the Central District Court over 27.8 million NIS in debts, citing fallout from the COVID-19 pandemic and ongoing war.

Delek Israel Properties completed the acquisition of the Nachshon Junction gas station complex in partnership with Delek Israel for 31.6 million shekels, aiming to develop a commercial and service hub.

IDF demobilization brings freedom but also hidden financial obligations. Discharged soldiers must actively manage National Insurance, pension savings, tax credits, and health fund memberships to avoid unexpected debts.

The succession battle at eyewear giant EssilorLuxottica escalated after heir Leonardo Maria Del Vecchio criticized CEO Francesco Milleri in a revealing podcast interview. Del Vecchio discussed his troubled past, criticized his late father, and warned management over declining holding values.

Britain has approved the massive Sea Lion oil field development near the Falkland Islands, backing Israeli energy firm Navitas Petroleum despite objections from Argentina.

Rami Levy's SuperFly club launched flights to New York for $909 through March 2027, offering significant savings compared to the market average.

Founder Mike Cohan is fighting to reclaim control of Cohan Properties after the US-focused commercial real estate firm was acquired by the Luzon Group following a messy debt default and ownership takeover.

Supermarket owner Rami Levy addressed the cost of living crisis at a consumer conference, advising shoppers to reject overpriced goods and criticizing state taxation policies.

Manif Financial Services and Clal Insurance have expanded their real estate financing partnership by 250 million NIS, bringing the total joint credit framework to 550 million NIS.

Private supermarket chain City Market has launched a wide-scale discount campaign across its 85 branches nationwide to help households reduce expenses after the holidays.

Israeli model and entrepreneur Bar Zomer has launched a two-month pop-up store for her cosmetics brand BARBIZ at Ben Gurion Airport's duty-free.

Israeli fintech Pagaya Technologies completed a $650 million auto loan ABS deal, marking its 100th securitization and pushing 2026 issuance past $10 billion.

Mekorot management, the Histadrut, and the workers' committee signed a five-year collective agreement providing over 20% wage hikes, bonuses, and career tracks.

The Israeli Union of Journalists executive committee moves to oust Chairman Haim Har-Zahav amid a severe crisis of trust, staff complaints, and a looming threat of mass resignations.

Fitch Ratings maintains Israel's credit rating outlook at negative due to rising public debt and war risks, warning of potential growth impacts.

Dubi Amitai has been unanimously elected to a third term as Chairman of the Business Sector Presidency, continuing his leadership through economic and wartime challenges.

Sela Real Estate and its management company expand share acquisitions, reaching 31 million NIS in total buybacks amid strong financial results and a 7% dividend yield.

Zara Israel cancels free shipping for online orders over 199 NIS, introducing paid home delivery options starting at 14.90 NIS alongside existing return fees.

A comparative study of 40 basic products in Israel reveals massive price gaps, with expensive chains charging up to 38% more than discount retailers like Osher Ad and Rami Levy for the exact same items.

Rivka Neuman and her family sold the historic Nahshon Junction gas station to Delek Assets and Delek Israel for 31.5 million shekels. The buyers plan to build a commercial complex yielding roughly 8.5%.

The Yohananof supermarket chain is offering a 50% discount on some 260 gluten-free products across its Israeli branches from October 14 to October 17 to alleviate high costs for celiac consumers.

Tel Aviv City Engineer Oded Carmel revealed that the Azrieli Group dropped residential plans for the Spiral Tower, highlighting a growing trend of converting housing into office space.

The Central Bureau of Statistics released the 2024 household expenditure survey, showing an average net monthly income of 22,555 NIS amid the Swords of Iron war. The Gini index dropped to 0.333, though vast socio-economic gaps persist between deciles.

Discount Bank's weekly review highlights stabilizing bond markets, persistent fiscal concerns in France, and continued resilience in Israel's high-tech sector despite ongoing geopolitical and economic uncertainties.