Economy

Jafora-Tavori, Israel's second-largest beverage maker, has appointed Galit Mor-Meshorer as its new Chief Marketing Officer and management board member.

Global markets brace for a volatile week driven by Middle East tensions, upcoming inflation data in the US and Israel, and the official kickoff of the Q3 corporate earnings season.

G-City has partnered with AGEERA to install energy storage systems across 10 Israeli properties, targeting cost savings on electricity expenses that reached 188 million shekels in 2025.

A labor dispute at Haifa Marine Traffic led to a 33-hour delay for a Zim cargo ship after a pilot refused to dock the vessel and left his shift, sparking a confrontation over safety and disciplinary hearings.

The District Court dismissed Shulman Holdings' lawsuit against Beer Glob over a disputed three-apartment claim, ruling that no binding contract was formed and ordering the plaintiff to pay 100,000 shekels in costs.

Altshuler Shaham Trade erroneously informed clients that US exchanges will close on Columbus Day 2026. While banks and bond markets close, NYSE and Nasdaq will remain fully operational.

Similarweb announced the incoming CEO Michael Ackerman's $1.6 million cash and $10 million equity compensation package, as founder Or Ofer prepares to step down after 20 years.

New construction safety regulations in Israel take effect on October 16, expanding legal liability to developers, introducing safety controllers, and imposing new corporate compliance costs averaging 250,000 NIS annually.

The Lod District Court rejected a request to extend the 42-month construction deadline required for a betterment tax relief, ruling that tax authorities lack statutory power to alter the timeline.

Maya Dynamics terminates its strategic defense partnership with Elta, a subsidiary of Israel Aerospace Industries, amid deepening financial losses and sliding sales.

Apple's new CEO John Ternus is stepping up direct involvement in product design, visiting studios multiple times a week compared to Tim Cook's monthly visits.

The National Insurance Institute invested 28 million shekels to expand rehabilitation and wellness centers for victims of hostilities, offering free first-year access for eligible individuals.

Israel's election day brings a statutory day off, raising complex questions about mandatory work, 200% holiday pay compensation, remote work limits, and essential service exemptions under labor law.

The Jerusalem Development Authority has launched a tender to recruit and place new immigrants into the city's growing high-tech sector, requiring experienced agencies to source tech talent from abroad.

Ayalon Insurance and Finance CEO Sharon Reich highlighted Israel's economic resilience during Calcalist's Investment Week, noting strong macroeconomic indicators despite ongoing multi-front conflicts.

Wall Street finished the week with mixed trends as Israeli-linked stocks made headlines. Teva surged to a yearly high following FDA approval for its schizophrenia drug WELTRUZA, SimilarWeb outlined its new CEO compensation package, and Citi downgraded Nova.

A review of leveraged funds on the Nasdaq and Tel Aviv indices reveals high long-term gains despite volatility, challenging the assumption that leverage destroys value over time.

Air Haifa launched a new route from Ben Gurion Airport to Ramon Airport with an introductory fare of 79 NIS, undercutting the state-subsidized rate for Eilat residents without government funding.

Investment house IBI predicts that a change of Israel's government would lower risk premiums and strengthen the shekel, while keeping the current coalition risks market declines.

The Open University anticipates a 12% drop in computer science enrollment, projecting a 20 million shekel loss and potential faculty layoffs amid shifting tech demands.

A lucky Israeli resident who won 64 million shekels in the Double Lotto kept the surprise from his wife until arriving at the Mifal HaPais headquarters, planning to increase his charitable donations.

Bank Leumi and investment house Aspire are launching a joint trust company specializing in employee equity plans and M&A escrow services. Leumi will hold a 51% stake and Aspire 49%, entering a market dominated by IBI Capital and Phoenix ESOP.

Kolmobil Energy and Temenet launched a 60 million euro energy storage facility in Silistra near the Romanian border, utilizing BYD batteries and EU grants to capitalize on Eastern European power price fluctuations.

Israeli food giant Tnuva is expanding into the wellness sector by launching HOLIS, a new line of microbiome-based dietary supplements available exclusively at Super-Pharm.

Tel Aviv Port is investing 20 million NIS to open a massive 2,500-square-meter sports and entertainment complex featuring bowling, padel courts, and a BBB culinary zone in April 2027.

A 78-year-old Israeli woman working two jobs to pay off debts incurred by helping her addicted son had her liabilities slashed from 415,000 shekels to 72,000 shekels by a community enforcement registrar.

ONE ZERO Digital Bank announced plans to lay off 10% of its workforce, impacting 25 to 30 employees, as CEO Eyal Gafni cited rapid advancements in artificial intelligence and automation.

Indigo Finance analyzes household finances by examining past tax overpayments, loan structures, mortgages, and insurance policies to optimize cash flow and long-term costs.

For the first time in 60 years, a luxury hotel will be built in Caesarea. The 108-room project by Amram Abraham and Shai Hi groups will cost over 100 million shekels.

Hagag Group has sold a luxury penthouse in Tel Aviv's Infinity project for 55.55 million NIS to an American buyer, marking one of Israel's largest real estate deals.

Israeli fashion brand Delta is launching DELTA HOME, a new home textile and decor collection available in 38 stores nationwide and online, featuring items for babies, children, and adults.

October offers distinct shopping opportunities for summer clearance, outlet home goods, and end-of-season items, while major non-urgent purchases like appliances and furniture are best saved for November sales.

Data from the Central Bureau of Statistics shows purchasing an average apartment in Israel requires up to 164 salaries, with Tel Aviv exceeding 300 salaries.

The Israel Diamond Exchange and the Tax Authority signed a historic tax agreement for 2027-2028, aiming to restore Israel's global competitiveness against Antwerp and Dubai.

Mahsanei HaShuk offers discounted iPhone 18 Pro and Pro Max models at its Eilat branch, undercutting major supermarket chains but requiring an eSIM-only setup and a local purchase condition.

US 10-year Treasury yields hit 5.3% in September, driving a global shift in capital markets. Analysts examine inflation, debt supply, and sector vulnerabilities.

Israeli crypto exchange Bit2C is being acquired by eToro in a deal involving asset deficit coverage and continuation of services for local users.

Israeli consumers face high prices and poor tomato quality due to extreme summer heat and greenhouse shading issues, with relief expected only with the winter harvest.

Food prices in Israel surged nearly fivefold during the outgoing government's term compared to the previous four years, driven by neighborhood stores and online retail, a new Tel Aviv University study reveals.

Global markets grapple with multi-year high US Treasury yields, energy inflation risks, and soaring AI infrastructure costs. Analysts weigh growth valuations, crypto resilience, and geopolitical headwinds.