Economy

Inav and Ashtrom Residential signed a 230 million shekel execution agreement with Solel Boneh to build the 34-story Park Tower urban renewal project in Ramat Gan.

Fresh Start, a Kiryat Shmona food-tech incubator backed by Tnuva, Tempo, and the Innovation Authority, returns to full operations in the north, managing 18 investments totaling $35 million.

Candace Owens faces severe economic backlash and advertiser boycotts after publicly mocking Erika Kirk, the widow of conservative activist Charlie Kirk, following a Vanity Fair profile.

Medical device startup Filterlex Medical has filed for liquidation at the Haifa District Court after clinical trials on a competitor's product questioned market viability, leaving 1.3 million shekels in debt.

The Tel Aviv District Court appointed a temporary trustee for OpenWeb after liabilities hit 177.5 million shekels. The tech firm faced collapsing revenues, a dispute with Microsoft, and a failed debt arrangement.

Billionaire investor Bill Gross reflects on his career extremes, from a devastating 1969 leverage mistake to lucrative investments in high-yield energy MLPs and food stocks.

Yochananof supermarket chain expands its electronics lineup, launching AirPods 5 for 449 NIS alongside iPhone 18 Pro models and other Apple devices across branches nationwide.

Leader Capital Markets released its weekly economic review, highlighting a steady 2.2% annual inflation forecast for Israel, global bond market trends, and softening US labor data.

Gabi Fishman, acting head of the Information and Statistics Department at the Bank of Israel, is stepping down after 40 years of service, shaping major economic policies.

Car cleaning expert Brandon shares a comprehensive guide on how to achieve a streak-free, crystal-clear car windshield using 70% isopropyl alcohol and the professional two-towel method.

A viral consumer video claims households face unusually high electricity bills, urging public scrutiny of the Israel Electric Corporation amid calls for transparency.

Foresight Autonomous Holdings announced plans to delist from the Tel Aviv Stock Exchange, with trading ending on January 1, 2027, as the firm's valuation plummeted 99% to 17 million shekels.

The Israel Tax Authority launched a pilot program offering up to 2 million NIS in compensation for business owners suffering property damage due to extortion or police complaints.

Copper prices are projected to surge by 2028 due to skyrocketing demand from artificial intelligence data centers and power grid upgrades, coupled with a growing global supply deficit.

Israeli businessman Bebo Kobo has secured approval for Tuscany, a massive $19 billion real estate and hospitality mega-project spanning 920 dunams in Orlando, Florida.

One Technologies expands its defense sector footprint by acquiring a controlling stake in Kubiya UX for millions of shekels, integrating 50 specialists into ONE Defense.

Wall Street ended the week positively as Nasdaq, S&P 500, and Dow Jones gained. Key Israeli-linked stocks highlighted include Camtek, QTREX, and Nayax following major developments.

Kamari Retail acquired a 50% stake in Zalman's hot dog chain for 3.5 million NIS, targeting an expansion from 12 to 40 branches nationwide under strict kosher supervision.

Coinbase CEO Brian Armstrong projects Bitcoin could reach $400,000 by 2030, driven by the four-year halving cycle and growing institutional adoption.

Data from Israel's Land Enforcement Authority shows 17 local planning committees have failed to conduct legally mandated construction violation surveys.

Shufersal's Tav HaZahav and Fattal Hotels launched a partnership allowing guests to use the gift card at dozens of hotels nationwide at full value.

A high-tech employee injured during a company football match won a legal battle against the National Insurance Institute, which recognized the incident as a work accident.

Skincare brand The Outset, founded by Hollywood star Scarlett Johansson, has shut down after four years. Analysts cite pricing strategy missteps and consumer fatigue with celebrity-backed cosmetics as key factors in its decline.

The abandoned Cliff Hotel in Ashkelon will become a luxury resort by March 2027, featuring 98 smart rooms and Israel's largest spa complex spanning 14,000 square meters.

Mizrahi Tefahot Bank chief strategist Yoni Panning outlines US labor trends, PCE index downward revisions, robust post-war credit card spending in Israel, and European inflation developments.

Tel Aviv's real estate market faces a 45% drop in transactions, with luxury sales keeping prices afloat amid high interest rates and unsold inventory.

A study by the Israel Employment Service shows 69.4% of ultra-Orthodox female high-tech job seekers specialize in software development. While participation grows, experts stress the need for long-term career stability.

The British government announced a new plan to ban airline fees for seating children next to their parents and eliminate charges for minor booking name corrections.

Israeli tech unicorn OpenWeb Technologies has filed for a stay of proceedings and insolvency protection at the Tel Aviv District Court, burdened by 177.5 million shekels in debt after losing major clients and facing a severe cash crunch.

TotalEnergies capped fuel prices at 1.99 euros for gasoline and 2.25 euros for diesel amid the Middle East conflict, costing up to 300 million euros while boosting its market share.

Israeli entrepreneur Vered Sharvit Biron has joined the elite Advisory Council of the International Luxury Hotel Association (ILHA), bringing her expertise in well-being hospitality to the global stage.

U.S. Bitcoin ETFs recorded $102.7 million in net inflows on the first day of October, rebounding from previous outflows and bringing total assets to $109.3 billion.

Generation Capital advances a 4.5 billion shekel acquisition of Shikun & Binui Energy, aiming to create a dominant player in Israel's energy infrastructure amid regulatory scrutiny.

The FAO international food price index surged in September to its highest level since late 2022, threatening to drive up grocery prices in import-dependent Israel.

TotalEnergies CEO Patrick Pouyann’s capped fuel prices at 1.99 euros per liter amid the Iran war, sparking criticism from the left but boosting net profit by 72% to $11.2 billion through surging demand.

A National Insurance Institute report reveals that Israel spent tens of billions on the civilian toll of the war, highlighting 58 billion in reservist pay and a surge in mental health disabilities.

The Burgerim chain is opening a new kosher branch in Zur Yiggal's Mitzpe Sapir industrial zone, investing around 500,000 shekels to serve local residents and corporate clients.

British and Canadian weapon manufacturers have begun probing Israeli suppliers over West Bank activities, mirroring broader economic sanctions and threatening the supply chain of critical defense components.

Israeli entrepreneur Amir Shariki's firm Aya New York is executing a full early bond redemption at 100% par value, exiting the Tel Aviv market after eight months.

A review of real estate prices around Ben Gurion Airport reveals a 60% gap between Modi'in and Lod. Industry experts weigh in on whether urban renewal and infrastructure projects will close the divide.