Economy

Israel Railways has issued a pre-lawsuit warning to the developer of the "Better Rail" app, demanding its removal from app stores over alleged "unauthorized commercial use." Developer Guy Teper denies the claims, asserting that the project is non-profit and relies on public information. He has stated that he will not comply with the demand to remove the app, which provides real-time train updates...

Hagag Real Estate concluded the second quarter of 2026 with 68 apartments sold, a 4.6% increase over the previous period. Despite varying sales volumes across projects, the company reported a 126.7% rise in net profit.

Israeli HR platform developer HiBob has raised $166 million in a round led by Salesforce. The company's valuation has reached $3.5 billion, with total funding since inception exceeding $700 million.

Eti Elishakov recalls the difficult start in the conservative insurance industry, the dramatic step of mortgaging her home to raise capital, and the moment the call center exploded on launch day.

The chairman and controlling shareholder of the Matzlawi company sold 4.5% of the company's shares to repay a loan taken when purchasing the stake of Eliyahu Knapler. The transaction was carried out at a price reflecting high confidence in the company's strategy.

Israel Railways has threatened legal action against the operators of the Better Rail app, accusing them of unauthorized data extraction and causing system overloads.

An investment fund partnered by Donald Trump Jr. is investing $300 million in the prediction platform Polymarket. The investment is part of a $1 billion funding round that values the company at $21 billion.

Billionaire Aaron Frenkel, who is currently promoting the giant IPO of Uvision on NASDAQ, continues to accumulate power in the real estate arena. In a series of acquisitions spread over a month, he increased his stake in the holding company Alony Hetz. What attracts him to the company, and how close is he to full control?

The Israel Farmers Federation has urgently appealed to the Ministers of Finance, Agriculture, and Energy following disruptions in agricultural water supply. Hundreds of farms nearing harvest are at risk.

Delek Group, controlled by Yitzhak Tshuva, joins the AI race: the company Mehadrin has submitted requests to build giant data centers in Netanya and Ashkelon with investments of billions of dollars, amid the exceptional load on the power grid.

Construction and real estate group Best reported a 182% jump in Q2 2026 net profit to 34.7 million shekels. The company's order backlog expanded to 6.2 billion shekels.

Ernst & Young is investing $100 million in rewards for employees who demonstrate adaptability, innovation, and critical thinking. The program aims to balance AI integration by fostering essential human traits.

Ashtrom has agreed to sell the Rosh Pinna Mall to GT Real Estate for 48.5 million shekels. The new owner aims to boost the property's annual net operating income from 3 million to 5 million shekels.

The transport app "Better Rail," operated on a volunteer and non-profit basis, has received a sharp warning letter from Israel Railways alleging intellectual property infringement. The developers are not backing down: "Public information belongs to the public."

The company's board of directors is expected to approve the new compensation policy for the controlling shareholder in October. What will his monthly salary be, how many bonuses is he expected to receive, and how is this related to the company's success?

The severe disruptions at Israel's main entry and exit gate lead to a demand for deep structural change: these are the steps that will introduce private competition and prevent the workers' committee from holding an entire country hostage.

The major defense company has signed contracts totaling approximately $270 million to be fulfilled over six years. This order adds to a massive backlog that secures the company's revenue for years to come.

Fattal Holdings is merging its ROOMS workspaces with SwitchUp. Following the deal, valued at 1.4 billion NIS, the Phoenix insurance group will hold a 20% stake in the combined entity.

An in-depth audit at Cohen Properties revealed that controlling shareholder Mike Cohen withdrew more funds than previously reported. Cohen is stepping down as CEO but will remain on the board. Despite the need to restate past financial reports, the company is taking active steps to stabilize its liquidity and recover the funds.

Lime is expanding its operations and will deploy about 500 electric bicycles and scooters in the capital of the Negev, in cooperation with the municipality and the municipal company "Yaadim". Mayor Danilovich: "A new chapter in urban transport"

The company increased its share of apartment sales in the second quarter, and revenues rose, mainly due to revenue recognition from the Sde Dov project. However, the company recorded a loss of 13 million shekels compared to a profit last year. Eli Avisror: "There are challenges, but we sold 205 apartments."

The brand is opening its tenth branch in the country with an investment of about half a million shekels and is introducing its new holiday collection for the first time at a leading mall in the Shephelah region with attractive prices.

The IT and integration group Malam Team announces the acquisition of one of the veteran software and information security companies in the country, which will become a subsidiary and strengthen the group's cyber arm.

After over a decade in senior management roles in retail and consumer goods, the person previously chosen as Israel's Marketer of the Year joins the sports giant to lead its marketing strategy.

One of the largest deals in the US market is underway: a leading international broker is acquiring a giant agency with over 10,000 employees. Here is how the industry's activity will be affected in the coming years.

The Arieli Group has reached a framework agreement with Phoenix Investment House to settle debts, ensuring it retains control of Elron. The lender had previously demanded repayment due to a decline in the value of the pledged shares.

The strengthening of the shekel has negatively impacted the results of Israeli hotel chains operating abroad, yet companies maintain that this effect is temporary and will not halt their international expansion strategy.

The real estate company continues to maintain its pace regarding sales to the free market - a pace of 225 housing units in half a year, identical to last year's pace, but sales under the 'Discounted Apartment' framework plummeted from 552 apartments last year to 82 this year. How many apartments did it sell in the quarter and what is its forecast for the future?

Despite market headwinds, the company marketed apartments at an average price of 6.7 million shekels. In Sde Dov, 65 units were sold, including 46 formal sales contracts. The company reported a recovery in July-August following a slowdown in the second quarter.

The US Federal Trade Commission has filed a lawsuit against Amazon, accusing the e-commerce giant of systematically overcharging advertisers. The regulator claims that auction manipulation generated $20 billion in illicit gains.

Danya Cebus has secured a NTA tender for the second phase of preparatory works at the Segula depot for the M2 metro line, valued at over 100 million shekels.

The Ministry of Communications has given the green light for the sale of the mobile operator Hot Mobile to Delek Israel, Keystone, and Leumi Partners, after the Competition Authority approved the deal earlier this month. The deal values Hot Mobile at approximately 1.2 billion shekels.

The income-producing real estate company G City has removed the approval of a special compensation package for incoming CEO Keren Khalifa from its shareholders' meeting agenda following opposition from institutional investors. Market sources previously cited this move as a factor in the collapse of the deal to sell G City to Tzahi Abu.

Itzik Oz, Chairman of Phoenix Agencies, plans to acquire a 7% stake in the investment house Pasternak-Shoham as part of its upcoming IPO. The offering is planned for later this month at a valuation of 280 million shekels.

Young striker Sayed Abu Farchi completes a high-profile move to the MLS and will join the Colorado Rapids after agreeing to waive a portion of his future sale percentage to secure his release.

Major General (res.) Amikam Norkin has been chosen to lead the local operations of the defense-tech giant, and is expected to deepen work with the defense establishment and Israeli industries. At the same time, Globes has learned that the company is conducting a massive fundraising round: its scope has reached about $10 billion to date, and it has not yet closed.

How much is a campaign for an account with 100,000 followers worth, and how have opinion leaders become business partners earning commissions on every sale? The data behind the industry is revealed.

The CEO of the technology giant Apple, Tim Cook, is ending his tenure today (Monday), a position he held for the last 15 years. The person who will fill his place is the company's Senior Vice President of Hardware Engineering, John Ternus. Even after leaving, Cook will continue to serve as the company's Chairman.

Following his official retirement from football, the net worth and bank account details of the former Israel national team star have been revealed, including his latest major real estate acquisition.

A historic era comes to an end as Tim Cook marks his final day today as CEO of the company. The person chosen to succeed him will have to lead the tech giant in the burning AI race.