Economy

The BEYOND tower in Givatayim, Israel's tallest skyscraper at 320 meters, has officially opened. Developed by Tidhar, Union, and Himnuta, it features major tenants like Meitar and Moon Active, with office rents averaging around 150 NIS per square meter.

The Ministry of Construction and Housing temporarily closed the "Apartment on Discount" portal to adjust participant filters, prioritizing IDF reservists with a 75% quota for upcoming 2027 housing lotteries.

Customers who pre-ordered the iPhone 18 through iDigital report severe delivery delays, lack of updates, and poor customer service nearly two weeks after the launch.

McDonald's unveiled an 8.5 billion dollar modernization plan incorporating AI systems and protein-rich menus, sending shares down 5% amid Wall Street cost concerns.

Former Deputy Chief Economist Galit Ben Naim reveals that southern Israel's unsold housing inventory is 6% higher than official data due to unrecorded cancellations amid rising housing starts.

Israeli retail chain Victory has launched massive Sukkot price cuts on basic food items, private labels, and home goods across all nationwide branches.

New York sued Polymarket US for operating an unlicensed gambling platform, sparking a legal battle over state authority versus federal regulation of prediction markets.

The Southern District Planning Committee approved a major urban renewal project in Sderot, adding 515 housing units and commercial spaces amid surging property values.

Popular crypto exchange Bitget suffered a massive $351.6 million hack from its hot wallets. CEO Gracy Chen assured that user funds are safe and covered by the platform's protection fund.

The Haifa District Court dismissed a seller's lawsuit seeking to cancel a 2.35 million NIS property sale in Pardes Hanna, ruling that the seller breached the contract by failing to register rights on time.

The Central Bureau of Statistics reported a 0.2% rise in apartment prices for June-July, alongside a 1.2% drop in second-hand sales for Q2. Real estate data reveals market stagnation, highlighted by recent transactions across several cities.

Ashot Industries faces legal hurdles in Georgia regarding land acquired for a new U.S. manufacturing plant, as existing tenant PSI challenges lease terms and debt repayment.

The National Insurance Institute of Israel has published the updated benefit payment and reporting schedules for October 2026, returning to regular distribution dates after the holiday-heavy month of September.

Veteran Dan transport members have until October 8 to decide on selling their stakes in a 2.8 billion shekel buyout, balancing immediate payouts against complex tax rules and future corporate growth.

State-owned missile engine manufacturer Tomer plans to raise up to 500 million shekels via institutional bonds to expand production lines amid surging global and domestic defense demand.

Israel's Ministry of Economy is advancing a broad regulatory exemption for Chevron's Leviathan and Tamar gas platforms, sparking fierce pushback from environmental groups warning of compromised safety standards.

Bank of America warns investors to monitor two key indicators signalling a potential shift to Risk Off, as bond volatility surges and financial stocks weaken despite overall market resilience.

Israeli developers in central regions and the Sharon area are offering cash discounts up to 250,000 NIS and heavy mortgage subsidies to accelerate apartment sales amid sluggish market demand.

The sale of a Highline penthouse in Ramat Gan for 9 million shekels sparks debate over whether the transaction signals a real estate price drop or a normalization of overinflated initial valuations.

Israeli real estate developers are partnering with consumer clubs to boost sales through exclusive discounts, offering a secure alternative to traditional marketing during a sluggish housing market.

Natural diamond prices have plummeted by over 50% in five years, hitting historic lows due to post-pandemic oversupply and competition from lab-grown diamonds.

An analysis of M&A deal structures examines whether cash, stock, or hybrid consideration is optimal, highlighting major tech acquisitions and market cyclicality.

August rental prices in Israel dropped by 0.8% to an average of 5,063 NIS, though rates remain 3.7% higher year-over-year. A surge in large apartment listings drove down prices for 4-5 room units, while small apartment supply shrank.

Osher Ad announced revised operating hours for Hol HaMoed, with branches closing at 20:00 from Sunday to Tuesday, and returning to regular hours on Wednesday and Thursday.

Israeli retail chains are offering low-cost Sukkot products as fintech data shows consumers are increasing transaction volume while spending less per purchase amid cost of living pressures.

Kanyon Raananim in Ra'anana is investing NIS 12 million to build a 10-screen Movieland cinema complex alongside a massive 12-court rooftop padel facility as part of an urban renewal project.

Gary Lineker's podcast company Goalhanger achieved £38 million in revenue and £10 million in profit for 2025, cementing his financial success after leaving the BBC.

South Korea's dominant chip giants, Samsung and SK Hynix, are straining the national power grid amid surging AI-driven demand and frozen state electricity prices, threatening the country's semiconductor manufacturing dominance.

The Sukkot holiday highlights the high demand for balconies in Israeli apartments. Real estate experts discuss valuation metrics, market trends, and smart financing options for home upgrades.

Fintech firm Hyp reports that ahead of the Jewish New Year, Israelis made more transactions but spent less money overall amid rising living costs.

A viral TikTok video on job candidates bringing iced coffee to interviews sparked a US debate on recruitment standards. Experts discuss how cooling labor markets amplify minor behavioral signals.

Thousands of New York City property owners and renters face soaring property taxes and maintenance fees as long-standing residential tax abatements expire through 2030.

Discover two simple and effective tricks to easily remove stubborn price stickers and sticky adhesive residue from kitchenware and plastic containers in seconds.

Saudi Arabia's crude exports surged to 6 million barrels per day in September despite regional attacks and pipeline damage, returning to 2025 monthly averages.

Thousands of Israelis with Portuguese citizenship assume their children are automatically eligible. Attorney Yinon Shraga explains that children born before naturalization require a separate application before turning 18.

Recent property transactions across Israel highlight housing market trends, including a 5-room home in Kiryat Ata selling for 2.45 million NIS and various deals nationwide.

Nike has dropped from the S&P 100 index after 18 years amid falling sales, increased production costs, and high-profile athlete departures like Kylian Mbappe.

David Beckham secured a $51 million dividend following a record-breaking year for his business empire, driven by major World Cup 2026 advertising campaigns and partnerships.

A Tel Aviv court is reviewing a class-action suit against the Yedidim non-profit over unsolicited fundraising texts. The judge questioned the class size and the use of charity funds for compensation.

Bitcoin surged 8.67% to $84,183 amid broader crypto gains, while financial disclosures revealed extensive July securities trading in US President Donald Trump's portfolio.