Economy

Amid a trend of dramatic expansion in Israel, Max Stock is leasing approximately 45,000 square meters in a logistics center being built by GT Real Estate in Ofakim for a 20-year term.

The infrastructure company is in advanced negotiations to acquire an active power plant and a storage project in the USA. The assets are expected to generate an annual EBITDA of up to $33 million. At the same time, it is in talks to receive credit from an Israeli bank.

NewMed Energy, the energy partnership owned by the billionaire, has received exceptional trust from institutional entities in Israel and will issue a new series of long-term bonds that will support the development of the second phase of its flagship project.

International payment giant PayPal is cutting approximately 70 out of 300 staff members at its Israeli R&D center. The move is part of a global efficiency plan aimed at saving $1.5 billion annually.

After a months-long investigation, the NBA has severely punished the Los Angeles Clippers for violating salary cap rules in the Kawhi Leonard affair: the team was fined $30 million, owner Steve Ballmer was suspended for a year, and the player himself was also fined.

Get Fresh Estonia has encountered a severe financial crisis and filed for insolvency. CEO Andero Keronen admitted: "We realized that our situation is worse than we thought."

The corporation presents upcoming original productions and reveals a dramatic international collaboration that will bring the biggest hits of the Israeli screen to millions of viewers around the world.

Ari Nadlan, controlled by Tzahi Abu, is acquiring 65% of Tana Commercial Centers for 38.4 million shekels, a sum that includes the repayment of owner loans.

A Chinese couple who paid in advance for a premium wedding catering package discovered after the event that they had received a cheaper menu due to staff error. The court ruled this a breach of contract and ordered the hotel to provide compensation.

In the motion to certify the lawsuit against the company, it was claimed that it prevents customers who purchased subscriptions for gas cylinders from utilizing their balance towards the end of the subscription period. The company claimed that customers are free to use the entire quantity. The court approved a settlement agreement reached between the parties, according to which SodaStream will...

Aya New York revealed in its Q2 2026 financial statements that it had pledged future income from assets already serving as collateral for its bondholders.

Following a 100% jump in the stock since the beginning of the year, investors developed impossible expectations for Palo Alto. The world's largest cybersecurity company published excellent financial reports.

The major food chain has partnered with a non-profit organization to open a store in Rehovot for families in need, offering products at significantly discounted prices.

American company Proofpoint is in advanced talks to acquire the Israeli cyber firm Varonis. Following the report, Varonis's market capitalization on Wall Street jumped by 10%.

Israeli tech firm IVIX, which combats financial crime for governments, has announced a 10% workforce reduction alongside a strategic pivot toward new AI-driven investigative tools.

The familiar flavors of Yotvata arrive in a new version: Strauss has launched a series of soy-based chocolate drinks and iced coffee. The products carry a 'parve' kashrut certification, making them suitable for those who strictly separate meat and dairy.

The Israeli high-tech sector has seen a surge in investment, with WonderFul, Upwind, and Lyte raising a combined total of one billion dollars in a single day, signaling a robust recovery.

The founder of INX, with over 25 years of experience in the capital market, has been chosen to lead the board of directors following the completion of IBI Investment House's acquisition of control. Zvi Ziv is stepping down.

Noble Supply & Logistics, a leading supplier to the US government, has filed for bankruptcy protection. The company faced severe difficulties after a major Department of Defense contract was abruptly shortened, leaving it with $100 million in stranded inventory.

A US court has rejected the Department of Justice's demand for Google to divest its advertising business. The company will retain control of its AdX exchange, subject only to operational adjustments.

Teva reported positive results in a clinical trial for the treatment of celiac disease. The trial met its primary endpoint, demonstrating that the TEV-408 antibody prevents intestinal damage.

Phoenix, Migdal, and WeSure have won the Ministry of Finance tender for insuring private vehicles of state employees, retirees, and career soldiers in the IDF for 2027. Over 70,000 vehicles are expected to be covered.

The American company Lyte, which develops technology for robotics and physical AI, has raised up to $165 million. The funding round was led by investor Avigdor Willenz, who will serve as the company's Chairman of the Board.

Uber is cutting 3,300 jobs, approximately 10% of its global workforce, to streamline management layers. The move aims to reallocate resources toward ride-sharing, delivery, and autonomous taxi divisions.

Following the appointment of Suleiman Maswada as correspondent in the United States, veteran journalist Neria Kraus is parting ways with the news company. After exploring alternative roles, a decision was made to conclude her tenure.

The company reports success in a clinical trial for a drug that blocks an inflammatory protein. The treatment is intended for two different conditions and is expected to advance to later development stages soon.

K-Power CEO Katya Shur stated that integrating solar panels and energy storage systems into fish farming operations can rescue the industry from economic crisis by providing farmers with additional income.

Zviki Ben David, VP of HyperStrong, warns that a lack of flexible economic models is driving Israeli energy companies to invest billions in Europe, potentially hindering Israel's ability to meet its national energy goals.

The Israel Securities Authority has launched a criminal investigation into Cimed Holdings Limited at the request of US authorities. The company is suspected of misappropriating tens of millions of dollars.

Israeli startup Wonderful, developer of an operating system for enterprise AI, has raised $550 million in a Series C round. The company's valuation has reached $5 billion.

A major deal in the local cyber market as Cyera acquires the Israeli company Oasis Security, founded by veterans of Unit 81, which develops a platform for securing non-human identities and AI agents in organizations.

Rafael Maman, CEO of Bazan, stated that relying solely on fuel imports is utopian for Israel, emphasizing that the country must maintain independent refining capabilities given current security realities.

Energy sector experts warn of market stability risks following the Electricity Authority's decision to pause new data center connections due to overwhelming demand.

The Israeli company AITAN, named after Captain Eitan Oster who fell in Lebanon, was founded by Udi Oster and Daniel Almog, who met during their service as officers in Unit 8200 and previously worked with hostage survivor Or Levy. The company develops AI systems for unmanned vehicles, which have accumulated over half a million flight hours in the IDF, and is now expanding its operations to allied...

Experts at the Calcalist and Discount Energy Conference identified the state of the power grid as the primary obstacle to Israel's infrastructure development. They are calling for a national project to modernize the grid.

Gat Foods, a manufacturer of concentrates for the global beverage industry, is laying off 20% of its staff at the Emek Hefer plant. The move is driven by the strong shekel and declining export revenues.

The Israeli company Bizzabo and the payment giant PayPal have announced staff reductions. The layoffs at both companies are part of global operational efficiency programs.

Phoenix, Migdal, and WeSure have won the Ministry of Finance tender for insuring private vehicles of state employees, retirees, and IDF career soldiers for 2027. The program covers over 70,000 vehicles.

The chip giant has made a dramatic decision to close the optimization and AI agents group at its research labs in the country, fire senior developers, and halt important operations.

Doral Energy CEO Yoni Hantzis expressed skepticism about reaching the 30% renewable energy target by 2030. He emphasized the importance of building "energy islands" to provide reliable power for data centers.