Economy

A slowdown in data center growth, the impact of a strong shekel, and Meta's departure from the Azrieli Sarona tower weighed on Azrieli Group's second-quarter results.

The south was a key region for 10/90 and 20/80 financing campaigns, allowing buyers to enter the market with low initial capital. As large payments fall due, the combination of high interest rates, repayment capacity issues, and eroding apartment prices in some projects is forcing a recalculation. In the Beersheba area, the cancellation rate for 2023 deals approached 7%, significantly higher than...

The Appeals Committee rejected a building permit application due to objections from residents who were forced to give up a window in their apartment because of an urban renewal project. The judge returned the case to the local committee and ruled that it must examine additional options.

Bank Jerusalem and Migdal have signed a joint financing agreement to establish a 400 million shekel credit line. The funds are intended for providing "jumbo loans" secured by residential real estate.

The Yohananoff supermarket chain is launching a special promotion for the back-to-school season, offering customers a chance to win a dairy gift package. Learn how to participate and stay safe from online scams.

The shipping company reported $1.78 billion in revenue and a net profit of $64 million, marking a significant improvement from the $24 million recorded in the same quarter last year.

The KKL-JNF board of directors has approved a 190 million NIS investment package for environmental, infrastructure, and community development projects in the South. Chairman Eyal Ostrinsky emphasized that strengthening the region is a top national priority.

As the Tishrei holidays approach, food chains are facing a severe labor shortage, with an estimated deficit of 3,000 cashiers. Despite efforts to increase wages and install self-service kiosks, the lack of personnel remains a systemic crisis.

The Israeli real estate market is hindered not only by macro factors but by outdated legal practices. Attorney Doron Levita argues for a shift toward flexible, adaptive contractual models.

In samples of pesticide residues in fruits, vegetables, and spices across the country, it was found that most met the standard requirements, and in 41 crops, no deviations were found at all. 45.4% of the samples were found to be free of pesticide residues entirely.

The esteemed hedge fund manager David Tepper, who heads the Appaloosa fund, executed a highly sophisticated investment move in the second quarter of the year. The latest report filed by the fund reveals that Appaloosa completely liquidated its holdings in the hottest stock on the market this year – SanDisk. The sale was carried out during an exceptional quarter in which the company's stock soared...

Acro ended the second quarter with 42 apartments sold, up from 34 in the previous quarter. The company reported a net profit of 20 million shekels, recovering from a 6 million shekel loss in the first quarter.

Any gap between the signed contract and the actual billing immediately turns into a sharp operational and reputational conflict.

This involves the demolition of two buildings including 30 residential units and 14 commercial units on Ussishkin Street in the city. The old apartments will be replaced by a new project including 82 residential units and 16 shops in a 7-story building above a commercial floor.

The Rami Levy chain continues to expand its promotions beyond food products, offering special prices on designer trash cans, gas planchas, and gas grills. Here are the details.

The company concludes a positive quarter with double-digit growth in revenue and net profit, supported primarily by increased sales of natural gas and condensate. CEO Idan Wallace stated: "We continue to strengthen and enhance the group's core assets."

Alongside a $32 million loss in the first half of 2026, Israir is banking on its new New York route, state compensation, and a recovery in demand to return to a growth trajectory.

The leading patisserie chain, known for its Parisian-style desserts, has unveiled its 22nd branch in Israel. The new flagship location at the Ofer Rehovot mall promises an exceptional culinary experience.

A used car aged 2 to 4 years usually enjoys an economic advantage because a large part of the significant depreciation has already occurred. Here is an analysis of the pros and cons of buying a new car, a used one, or opting for a lease.

Shoval Engineering has released its financial results for the second quarter of 2026, reporting the sale of 147 apartments compared to 29 in the same quarter of 2025. CEO Ishay Rot stated that housing demand has not disappeared but has been partially postponed.

The Azrieli Group concluded the second quarter of 2026 with a net rental income (NOI) of 651 million shekels, up from 648 million shekels last year. The Data Centers sector saw a decline in NOI to 103 million shekels.

The morgue manager at Harvard Medical School spent years stealing and selling donated body parts on the black market. Following his eight-year prison sentence, the university has agreed to a $53 million settlement to resolve lawsuits from families who accused the institution of negligence.

The Israeli fashion company reports a strong quarter with record operating profit and revenue growth. After 2025 ended with a profit decline of over 52% and the first quarter of the year closed with a loss of 28 million shekels, Castro signals a full recovery: "We continue to work to maximize sales and profitability in all brands."

Amos Luzon is selling 20% of Luzon Energy shares, representing his stake in the Dorad power plant, to an institutional entity for 233 million shekels. The deal values the station at 4.4 billion shekels.

Branches of the "Taïm" chain in New York have closed in recent days after state tax authorities issued a series of orders against its owners due to accumulated debts totaling $1.35 million. On social media, BDS activists were quick to attribute the closure to the boycott campaign, calling it "proof" that the boycott works. In reality, it is a business and legal dispute between the previous and...

Delek Group, controlled by Yitzhak Tshuva, concluded the second quarter with revenues of 4.4 billion shekels and a 78% jump in net profit. The board approved a dividend of 250 million shekels, and the stock's dividend yield over the past year, about 14.5%, is among the highest in the TA-35 index. What is driving the results?

Tel Aviv chef and restaurateur Tal Rashevsky opens up the numbers behind his empire, explains why he is not willing to compromise for less, and reveals which of his businesses is not profitable but remains open.

Clal concludes the first half of the year with a profit of 1.05 billion shekels, similar to last year. The volume of assets under management rose to a record of 456 billion shekels. The company will distribute a dividend of 200 million shekels.

Real estate company Oranim is entering the stock exchange to raise approximately 600 million shekels through a bond issuance for its "Oranim al HaYam" project in Rishon LeZion.

Israel's largest pharmacy chain is shifting gears ahead of the holiday season, offering discounts on its website for products you wouldn't expect to find there—from freezers and ovens to garden furniture and wardrobes. Here are the details on the sales currently disrupting the market.

The Mexican company Braskem Idesa, which operates in the USA, has filed for bankruptcy (Chapter 11) and will reduce its massive debt from $2.5 billion to $1.6 billion.

In the second quarter of 2026, Israir Group recorded record revenue, but Operation "Lion's Roar", the strengthening of the shekel, and a jump in fuel prices made it a loss-making quarter. At the same time, the company received approval to sell tickets for direct flights to New York - the first entry of an Israeli competitor into one of the most profitable routes in the world.

Dr. Shmuel Harlap, who passed away this morning at the age of 82, stood for decades at the head of Colmobil, the largest automotive group in Israel. Alongside his business activities, he and his wife Anat managed extensive philanthropic work that included donations of hundreds of millions of shekels.

The Israeli airline Israir presented its results for the second quarter of 2026, reporting a loss of 35.5 million dollars. The results were impacted by flight cancellations during Operation "Roar of the Lion," rising fuel prices, and currency fluctuations.

Tel Aviv will look for direction at the opening in light of uncertainty in global markets. Dual-listed chip stocks will weigh on the opening, Elbit will balance. Among those reporting today: Azrieli, Bet Shemesh Engines, and Clal Insurance. Declines in Asia led by chip stocks; New York futures are stable. Bank of America warns investors: 'Everything but bonds'. A trillion dollars in space: Goldman...

The annual consumer price index has stabilized at 1.5%, and the real estate market is showing consistent weakness with price drops of up to 2%, but the severe shortage of skilled workers continues to be a concern.

The National Insurance Institute has announced the date for the transfer of child allowances to over one million eligible families in Israel. The updated payment amounts are provided below.

A new research report by UBS bank presents the sectors that will show an abnormal growth of about 25% in profits, and explains which stocks should be examined right now despite the fear of escalation and global inflation.

Shufersal is launching a promotion on fruits and vegetables and offering a variety of popular products from leading brands for ten shekels. Alongside this, the chain is introducing significant discounts on perfumes and cosmetic products.

The Swiss bank Julius Baer estimates that the exclusive dominance of tech giants is nearing its end, and points to new opportunities in Europe and Asia towards the end of 2026.