Economy

Nati Saidoff Sells 4% of Shikun & Binui Shares at a Discount, Stock Drops
Shikun & Binui Chairman Nati Saidoff has sold 4% of the company's shares to institutional investors for 450 million shekels. Following the discounted sale, the stock price fell by 4.1%.

Ofer Yanai in turmoil: New CEO resigns after 9 days on the job
The management crisis at Ofer Yanai's Hapoel Tel Aviv basketball club has reached a new peak following the rapid departure of CEO Oren Hasson. This latest upheaval comes as the team struggles with a sharp decline in season ticket sales.

First report: ServiceNow acquires Israeli startup Sweep for $400 million
American software giant ServiceNow has completed the acquisition of the Israeli startup Sweep. According to information received, the deal is valued at $400 million.

Bank Discount Raises Billions Internationally, Surpassing State Credit Rating
The bank completed a massive move in international markets that drew billions in demand, with a rating higher than that of the state and at a lower interest rate compared to government bonds.

A revolution in the Israeli automotive market: new service revealed
Automotive giant Colmobil announces a strategic move, launching a dedicated service that offers businesses a flexible solution for work vehicle rentals without long-term commitments.

Max Stock to lease logistics center in Ofakim from company owned by CEO Ori Max
Max Stock has signed a lease agreement for a new 45,000-square-meter logistics center in Ofakim with GT Holdings, a company co-owned by its CEO, Ori Max. The project, expected to be completed in 2028, involves an investment of approximately 20 million shekels.

Major real estate deal: Sofrin sells property for 82.1 million shekels
The Sofrin Group, Weiss, and Orcom Real Estate are selling approximately 4,657 sqm of office space and 49 parking spots in Jerusalem. Following the sale, nearly 69% of the office space in the project will be occupied.

65% Stock Jump in 30 Days: LivePerson Approves Merger with SoundHound AI
LivePerson shareholders have voted to approve the acquisition by SoundHound AI. The deal, aimed at strengthening the company's position in the Conversational AI market, is expected to close by September 4, 2026.

Max Stock expands logistics capacity: a deal worth tens of millions of shekels
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.

With $20 million in commitments: Former Psagot analyst launches new hedge fund
Businessman David Galperin and investment manager Emil Goldfarb are launching the hedge fund Centenario Capital. The fund is starting with $20 million in investment commitments.

42.4 million dollars disappeared? The massive lawsuit shaking the crypto world
Two businessmen from Thailand are suing the cryptocurrency issuer, claiming it froze their funds without a court order. The company clarifies: "A baseless attempt to interfere with the fight against crime"

Stark Power raises $85 million from Israeli bank for major deal
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.

Yitzhak Tshuva breaks records: a massive multi-billion fundraising on the stock exchange
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.

The new pension reform: a heavy blow to savers or a balanced package?
With the submission of the Finance Ministry's arbitration committee recommendations, most headlines focused on the bad news for pensioners. However, an in-depth analysis of the numbers and data reveals a much more complex picture. When will the changes take effect, what is the "tax trap" that will be abolished, and what are the three positive pieces of news that no one is talking about?

Drama in global markets: How Japan's economic shift is changing the rules
After decades of zero interest rates, a dramatic change in the Japanese bond market is causing investors to repatriate billions of dollars. This shift could lead to higher mortgage and credit costs in the West.

Concert ticket prices rose by 8% within a year - these are the popular artists
Concert ticket prices in Israel have risen by an average of about 8% over the past year. Despite an 18% drop in search volume due to rounds of fighting, audiences returned quickly to venues when events were held.

Starting from 100 shekels: The new sports brand store is breaking market prices
The Ofer Bilu Center shopping complex is launching a huge pop-up store for the ING chain, which will offer desirable international sports brands at unprecedented outlet prices. All the details on the brands and prices.

PayPal lays off about 20% of its employees in Israel
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.

Retailer Get Fresh Estonia Faces Financial Collapse: Operations Halted and Debts Mount
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."

Kan 11 reveals the 2026/27 season: A giant deal with Netflix
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.

Max Stock slashes prices: clothing and footwear for just a few shekels
Ahead of the swimming season and the school year, the popular retail chain is cutting prices and offering a variety of items for babies and children at bargain prices, but recommends that consumers check stock at their local branch.

Tzahi Abu expands in the South: 38.4 million shekel shopping center deal
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.

Moderate rise in the dollar in the local market to 3.03 shekels — second day of strong gains
The dollar is strengthening in the local market, rising by 0.3% to trade at 3.03 shekels, contrary to the global trend of the American currency. Investors are awaiting the upcoming US employment report.

SodaStream to Compensate Customers with 2.9 Million Shekels
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...

"By mistake": Hotel replaced 10 of 17 wedding dishes, court orders compensation
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.

All draft picks forfeited: unprecedented punishment for the Clippers
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.

The state is distributing land for 30 thousand shekels - but there is one condition
If you are a combat soldier, you will likely be able to win land in the south at an attractive price with relatively low development costs. The big question: which reservists can win the land?

Aya New York pledged future income from assets already pledged to bondholders
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.

Palo Alto results proved that the rumor that AI would bury cyber was exaggerated
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 Iran war effect: The shipping sector has become the new hot investment arena
The shipping sector is attracting long-term investors against the backdrop of the crisis in the Middle East, which is raising the potential for high returns on vessel prices and shipping rates.

The bill for the war years: Tax Authority prepares for a multi-billion deficit in 2027
Israel's 2026 revenues are deceptive. Despite strong tax collection, Tax Authority Director Shay Aharonovich warns of significant fiscal challenges ahead in 2027–2028.

Money is leaving Israel: Sponsored by institutional investors, overseas stock funds have reached a peak
In August 2026, the volume of assets in overseas stock funds reached parity with Israeli funds, totaling 167 billion shekels in each category, marking a significant shift in investor preferences.

Customs duties to be abolished — the state will support sheep and goat farmers
The state will provide direct support to the dairy sector for the first time to lower prices for goat and sheep cheeses. The agreement between the Ministry of Finance and farmers includes 24 million NIS in annual subsidies.

More than 100,000 shekels per month: The wage gaps between doctors are exposed
The Ministry of Finance's wage report reveals dramatic gaps between doctors: about 104.7 thousand shekels per month in the top decile, compared to about 17.3 thousand in the bottom decile. About a quarter of medical specialists are approaching retirement age.

Exploding condom: The Standards Institution's video
How did a condom durability test become an addictive ASMR trend? A glimpse into the laboratories of the Standards Institution of Israel, where the most sensitive consumer products are tested.

Niv Gilboa in sharp attack on pizza chains: "Plastic stuck to my mouth"
The extensive pizza test by i24NEWS revealed a price gap of tens of shekels between chains in Israel, sparking a studio debate following harsh criticism from a well-known commentator regarding budget pizzas.

Yohananof Launches Unique Social Supermarket in Rehovot
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.

Osher Ad crashes the price: the sought-after hit is now available for only 699 shekels
The chain is launching a multi-purpose home appliance that prepares a variety of frozen desserts in just half an hour, without the need for pre-freezing and at a price that makes visiting an ice cream parlor unnecessary.

86 Tons: The Netherlands Transfers Gold Reserves from US and Canada to London
The Dutch Central Bank has completed the transfer of 86 tons of gold from the US and Canada to London amid rising geopolitical instability. The move aims to improve asset liquidity and strengthen the country's economic resilience.

After a negative streak on Wall Street: The stock that surged
Trading in New York closed with slight gains, bringing some relief to investors, as one tech giant presented record reports thanks to demand for artificial intelligence, while another well-known company crashed.