Economy

The Tel Aviv Stock Exchange closed with mixed trends as tech shares led gains, following strong Wall Street momentum. The TA-35 rose 0.41% and TA-125 added 0.21% amid 4.3 billion shekels in stock volume.

Apple has launched another round of layoffs, cutting staff from the Apple Fitness+ team following a previous reduction affecting Siri and Vision Pro divisions.

Prima Hotels restructures its management after 25 years as Haim Duke steps down, appointing Roni Weiser as Marketing VP and Oren Botbul as Sales VP to drive future growth.

Av-Gad Holdings secured conditional building permit approval for Phase A of the TEO Ramla City Gate urban renewal project, featuring two 25-story towers and 268 housing units.

A new emergency regulation for 2026 offers substantial income tax exemptions on domestic earnings for new immigrants and returning residents, capped at 3.1 million NIS over five years.

The Tomer urban renewal project in Jerusalem's Beit Hakerem neighborhood has been officially validated. Beit Yerushalmi BY will replace 70 old apartments with 222 new units in two high-rise towers.

An 86-year-old Jerusalem resident won 100,000 NIS in damages from Carrefour Israel after a 12-year legal battle over nighttime supply truck noise disrupting his home.

Super-Pharm launches holiday sales with up to 70% off on cosmetics, skincare, and perfumes. Key discounts include Pixi blush for 25 NIS and L'Oréal lotion for 59.90 NIS online.

The Central District Appeals Committee ruled that signing urban renewal agreements after plan approval does not disqualify safe room betterment levy exemptions for developers.

Israeli fashion chain Urbanika launches deep discounts and winter items while signing a major 60 million shekel deal to exclusively import Korean K-Beauty brand Moida to Israel by 2027.

A high-stakes trial regarding systemic racism at Tesla's Fremont plant opened in California, exposing allegations of widespread harassment and segregation.

The 4 billion shekels acquisition deal of credit card company Cal has collapsed after the Israel Competition Authority imposed strict conditions regarding Super-Pharm.

The Roladin bakery chain and Shamir Medical Center are expanding their partnership with two new branches, including one in the Aliza Begin building.

Managing holiday expenses in Israel requires early budget planning, price comparisons, and utilizing credit card points. Programs like FLY CARD help turn routine seasonal purchases into airline tickets.

The Israel Bar Association submitted a critical position paper on the new stablecoins bill, warning of consumer protection gaps and unfair advantages for foreign fintech firms over local entrepreneurs.

McDonald's unveiled a new growth strategy at its Chicago investor conference to counter falling sales and a 20% stock drop. The plan emphasizes discounted meals, menu upgrades, and a beverage expansion.

The Israeli Ministry of Economy is implementing urgent support measures for exporters affected by a new Dutch ban on goods from the West Bank, East Jerusalem, and the Golan Heights.

A customer who found a live worm in a salad ordered from River Noodles in Petah Tikva received compensation, while the chain claimed the complaint was an attempt at public shaming.

Families who won subsidized housing in Beit Shemesh filed a court petition after their wins were cancelled amid a legal dispute between the state and the developer Shapir.

Meitav Investment House's macro review reveals Israel's post-war economic recovery is more moderate than past conflicts, amid potential interest rate cuts and VAT reduction risks.

Foreign residents' portfolio value on the Tel Aviv Stock Exchange hit a record $154 billion at the end of June, driven by strong net purchases, rising share prices, and the shekel's strength.

Amazon combines a low-margin retail giant with AWS, its high-profit cloud engine. Analyzing the stock requires understanding how cloud performance drives valuation.

American firm Cognex has agreed to acquire Israeli 3D vision tech company RealSense for over $600 million in the largest acquisition in Cognex's history.

Cognex has acquired Israeli 3D vision startup RealSense for over $600 million, delivering a 500% return to investors just 14 months after its spin-off from Intel.

The Tel Aviv District Court ruled that a dividend paid to Kardan Israel shareholder Yosef Greenfeld after his bankruptcy arrangement does not constitute asset concealment.

The Haifa District Court ordered Kiryat Ata to amend an arnona order after ruling a nursery's 250% tax hike discriminatory. The annual bill had surged from 31,000 to 4.85 million shekels.

Urbanika, part of Castro-Hoodies, signed a preliminary agreement with South Korea's Silicon2 to launch the Moida K-Beauty brand in Israel with an initial investment of 60 million NIS.

The Beersheba District Court dismissed a lawsuit against the Israel Land Authority, ordering plaintiffs to pay 100,000 shekels in legal costs over unauthorized commercial land use.

Hazi Hinam launches a massive holiday discount campaign ahead of Sukkot, featuring steep price cuts across pantry staples, fresh meats, beverages, and Sukkot equipment.

Discount Bank launched the 300 million shekel 'Green North' fund to support small businesses in northern Israel with preferential loans up to 1 million shekels.

NTA appointed four new board members, including Daoud Khoury, Sivan Detauker, Gilad Rabinovich, and Avi Deutschman, to advance the national metro project.

Employment in foreign-controlled companies in Israel has dropped below 290,000, marking a cumulative loss of about 15,000 jobs since 2023, according to CBS data.

Tesla functions as two distinct businesses: a maturing electric vehicle maker facing heavy competition and a high-potential energy storage division.

An in-depth analysis of Nvidia's dominance in the AI chip market, examining its 90% GPU market share, robust profitability, growing competition, and key investment risks.

The Mishloha delivery app is transforming its monthly promotion into a weekly "FreeDay" every Thursday, offering full delivery fee cashback amid fierce market competition.

The Southern District Planning Committee approved 474 new housing units in Eilat under the HaTmarim Complex urban renewal project, as property prices in the resort city surpass 20,000 NIS per square meter.

First International Bank launched a 5-year dollar deposit offering a fixed annual interest rate of 4.8% paid monthly, providing steady income and tax exemptions.

Daniel Verdiguer acquires 11 City Market branches for 35 million shekels, expanding his retail footprint into neighborhood supermarkets alongside his discount and online operations.

Maccabi Netanya owner Ross Kasten's investment firm, Aliya Capital, saw its SpaceX holding surge 1,800% to $4.4 billion, following a $240 million early bet.

U.S. Bitcoin ETFs finished the week with positive inflows driven by a Friday rebound, while Ethereum funds recorded net withdrawals, ending a four-week positive streak.