Economy

Reit 1, an income-producing real estate investment fund, concludes the first half of 2026 with a decrease in net profit and has downwardly revised its annual forecasts due to the impact of the military campaign.

Globes presents the first update on the state of global markets. Global optimism led by AI and a strong earnings season. Rally in Asia: South Korea's KOSPI jumps 4.1% into bull market territory. Positive arbitrage in Tel Aviv led by chip stocks. Too good to last? Why Wall Street fears peak earnings in the S&P 500

Foreign exchange markets remain calm ahead of Israeli inflation data. The dollar is up 0.1% at 2.98 shekels, while annual US inflation dipped to 3.4% in July.

The Ofir-SouthUp Ventures fund, which invests in technology companies in the Western Negev, is preparing to make its first investments. The fund is expected to raise between $20 million and $30 million.

Following the compromise reached between the parties at the end of 2025, the Authority is expected to hold a lottery for 73 additional plots of land.

The Yitzhaki Group, led by Roni Yitzhaki, has acquired a 60-dunam land plot in western Ra'anana from Mishan for 250 million shekels. The site is slated for a large-scale mixed-use urban development project.

Since its IPO in 2021, the shares of infrastructure company Rimon have jumped over 300%, reaching a market cap of 5.3 billion shekels. CEO and controlling shareholder Yossi Almalem, who holds 13.6% of the shares, has requested an update to his compensation terms, including a retention bonus.

The energy company Adelteq, controlled by Uri Adelsburg, is conducting initial contacts to acquire 50% of the Hagit power plant from Shikun & Binui Energy. The value of these holdings is estimated at approximately 800 million shekels net.

Ron Hochman, former CEO of Mizrahi-Tefahot Invest, is launching a new real estate investment firm. The company aims to build a portfolio of 1 billion shekels over the coming years.

Kardan Real Estate CEO Amos Dabush believes that rising construction costs, the drying up of the land market, and a lack of government management could damage the real estate sector for years. According to him, many companies will be forced to join partners to survive.

Yad2 data shows that in the Beit HaKerem neighborhood of Jerusalem and Sarona in Tel Aviv, rental prices have risen by double-digit rates over the past year, significantly exceeding the national average of 4.4%. The increase for three-room apartments has been sharper than for four-room units, while some Tel Aviv neighborhoods have actually seen price declines.

Greg Gelfenboym earned a bachelor's degree in economics and accounting at 13 and discovered the effect of compound interest there for the first time: "I saw how with a simple calculation it is possible to accumulate significant capital in a reasonable time." After his army service, he opened a portfolio: "I started with the TA Real Estate index and today I am in the S&P 500."

Luxury flights to New York and Las Vegas, direct payments of tens of thousands of shekels, and aggressive competition for every borrower: non-bank financial institutions are luring mortgage consultants with generous incentives. The result: clients are pushed into expensive loans, sometimes with double the interest rate. The industry admits: 'This creates a conflict of interest.'

A volatile trading day passed for Israeli stocks in New York, as some jumped following strong reports and raised forecasts, while others recorded sharp price declines.

The "Rami Levy Stock" chain is preparing to open a new branch in the Ramle-Lod area, with goods already arriving on-site. The company is building anticipation with an intriguing message: "More details soon. Very soon."

Products bearing the identification details of the company "Peer HaBasar VeHaOf Ltd." were found in marketing channels, but according to the company, they were not produced by them at all. The company has contacted the Ministry of Health, and the public is requested not to consume them.

A photo comparing an old chocolate bar to its modern version has gone viral in the UK, reigniting a heated debate over the phenomenon of shrinking packaging and products without reducing the price. The vintage snack weighs 62.5 grams, compared to just 40 grams today.

Investment bank Morgan Stanley has reiterated an "overweight" rating and a $300 price target for SpaceX stock, more than double its current price. The bold forecast relies not on rocket launches, but on a $60 billion acquisition deal for an AI startup.

Starting his career in real estate, Ronen Ganon has moved aggressively into the retail sector in recent years. As the owner of 50% of Zol Stock and founder of the Shai Market chain, Ganon has now signed a deal to acquire control of Multi Retail, marking a major expansion of his business empire.

Bank Leumi has canceled an option allocation plan for CEO Hanan Friedman following a Bank of Israel directive. The regulator ruled that executive compensation cannot be linked to the performance of a single subsidiary.

Major investment banks are raising their S&P 500 forecasts one after another. If expectations are met, the index will end the year with a double-digit return for the fourth consecutive time.

Following a nearly 13% surge in share price over the past month, Kornit Digital has released its financial report for the second quarter of 2026, showing improved performance and providing guidance for the remainder of the year.

Jerry Kotishtano, one of the senior figures in the Israeli capital market, has passed away at the age of 55. During his career, he held a series of senior positions, including CEO of Epsilon Mutual Funds and Chief Investment Officer of IBI Provident Funds.

Mor Gemel ve-Pensiya reported a total profit of 17.5 million shekels for the second quarter, a 3% decrease year-on-year. Despite this, the company has raised its profit forecast for 2026.

Bazan Chairman Moshe Kaplinsky stated that the company prefers to invest abroad due to uncertainty regarding the future of Israel's refining sector and government plans for its closure.

After Discount and Hapoalim banks announced they would stop money transfers to Palestinian banks due to fears of links to terrorism, the move is expanding to banks in neighboring countries. Foreign currency trading will continue, which may hinder oversight.

The trading day in Tel Aviv closed in the green as the TA-35 index strengthened, but under the surface, there were particularly sharp movements with a collapse of several well-known stocks.

With revenues of over $100 million in the first half of the year and a sharp jump in net profit, the Israeli company reports unprecedented results and marks its next target.

In recent years, more and more Israelis prefer to spend their leisure time and shop near home instead of traveling to Tel Aviv — both because the offerings are no longer unique or interesting enough, and because of the traffic chaos. If the municipality does not wake up, the day is not far off when the 'city that never stops' will take a long break.

Brainsway finished the second quarter of 2026 with record results, reporting a 35% revenue increase to $17 million. Following these strong figures, the company has raised its annual guidance.

The National Insurance Institute reminds self-employed individuals and employers that the deadline for reporting and paying insurance premiums is August 16. Delays will result in fines and significant linkage differentials.

Many young people find it difficult to purchase an apartment and establish their lives where they grew up; some even choose to leave the country. The new roof agreement in Ra'anana seeks to change the trend and allow the future generation to remain in the city and establish their home there.

REIT 1 has made progress in leasing office space at the Infinity complex, but occupancy rates remain below targets. Amid moderate growth in operating income, the fund was forced to revise its annual performance forecast downward.

The local committee recommended depositing a plan for the construction of a new residential complex on HaAliya HaShniya Street in Bat Galim. Instead of eight housing buildings from the 1950s, about 800 housing units, 5,000 sqm of commercial space, and 1,500 sqm for public buildings will be built. The plan also allows for doubling the area of the "HaAliya" school.

One of the most powerful financial companies in the world is acquiring a young firm founded just four years ago, in a massive deal that will boost its assets under management to $130 billion.

Wiz founder Assaf Rappaport is reportedly exploring the acquisition of the McDonald's franchise in Israel. Following recent moves into the media sector, the entrepreneur is looking to diversify his portfolio beyond technology.

An extremely volatile day is passing for the digital currency market as Bitcoin shows a daily decline while Ethereum records a significant increase. These are the rates and full data of the strongest currencies in the market right now.

The Iranian economy is gradually shifting from crisis management to survival management. Households are cutting consumption, switching to installment purchases and second-hand goods, while the government struggles to maintain basic supplies amid rising inflation.

Investment firm Meitav Trade concludes a strong quarter with a 12% increase in net profit and is distributing 13 million shekels to investors, alongside the acquisition of thousands of new clients and the upcoming launch of a new trading system.

The Israeli hamburger chain Burgeranch is launching a major summer campaign with an investment of approximately 3 million shekels, offering the 'Family Combina' meal at a special price of 149 shekels.