Economy

Israir Airlines won the Israeli Management Center award for personalization and accessible tourism, while also adopting the innovative ARD standard.

Spacecom extended its satellite communication agreement with the Israeli government through late 2028 via the Amos 4 satellite, securing approximately 28 million NIS in cumulative revenue.

Global markets show mixed trends as US bond yields hit a 24-year high of 5.36%. Wall Street tech stocks recover while European political tensions persist.

An Ashdod family court dismissed a mother's lawsuit demanding the return of an apartment gifted to her daughter. The judge ruled the transfer was voluntary.

Wall Street closed mixed with the Nasdaq rising 1.1% as markets monitor US Defense Secretary Pete Hegseth's visit to Israel and potential developments regarding Iran.

Ralco shareholders will vote on acquiring loss-making subsidiary Ralco Energy, previously controlled by the son of Ralco's controlling owners, sparking questions over related-party governance.

Asian stock markets fell, led by a 4% drop in Seoul's Kospi and steep losses in chip makers like Samsung Electronics, despite a technology rebound on Wall Street.

The Israel Tax Authority advances new guidelines for foreign tech companies, setting a 13% profitability benchmark under the cost-plus model while offering regulatory certainty.

Meitav's October 2026 review highlights a widening gap between local economic weakness and stock market performance in Israel, while warning of AI bubble risks and monetary uncertainty in the U.S.

Manor Evergreen fund acquires a 35% stake in NOVO DR for roughly 340 million NIS, valuing the mobile digital X-ray systems developer at scale with over 50 million dollars in annual sales.

Former Mizrahi-Tefahot investment managers Ron Hochman and Tsori Levy raised 300 million NIS for Eitan Partners, a new real estate financing firm focusing on urban renewal.

Fortissimo Capital is acquiring a controlling 60% stake in inventory giant RGIS for 400 million euros, partnering with Migdal and Poalim Equity in a major global transaction.

An 80-year-old landlord had her bank accounts frozen after applying for a renovation loan for an apartment damaged by shrapnel, triggering anti-money laundering compliance flags until a financial defense attorney resolved the case.

The Jerusalem Municipality has blocked a massive 1,650-apartment residential and commercial project by the Israel Land Authority over concerns it would ruin Beitar Jerusalem's Bait Vagan training grounds.

Global markets experienced mixed trading as Wall Street chip stocks rebounded while Asian exchanges dropped. Meanwhile, Meitav's chief economist warned of widening sector gaps reminiscent of the dot-com era.

Israel's top-tier global pension ranking is at risk as the Ministry of Finance considers reducing mandatory contributions to boost short-term net household income.

Faced with heavy budgetary challenges for 2027-2028, Israel's Tax Authority and Ministry of Finance are considering reinstating a 1.5% property tax on vacant land to boost housing supply and curb the deficit without broad tax hikes.

Sela Investment House CIO Ofir Serdam analyzes the recent tech stock correction, VIX fear index thresholds, asset allocation strategies, and local market resilience amid ongoing economic uncertainties.

The Israel Land Authority successfully marketed 12 industrial plots in the Arava community of Tzukim, drawing 75 bids and generating 7.3 million shekels.

Amid market stagnation and rising construction costs in Tel Aviv, developers and apartment owners are renegotiating urban renewal deals, cutting previously promised benefits to keep projects viable.

Israir Airlines shares lag behind El Al amid war challenges, but CEO Uri Sirkis predicts a profitable 2026, driven by strong summer traffic and new growth engines.

US bank stocks face their longest weekly losing streak since 2008, dropping 11% since September despite solid third-quarter earnings and stable loan performance.

Israeli housing market data shows a 1.8% annual price drop, while financing incentives and rising rents continue to shape economic forecasts for 2026.

The 'Israel Basket' initiative ended after six months, yet data reveals Carrefour prices rose by about 4%, defying expectations of lower costs for consumers.

Businessman Shmulik Aputa purchased a historic building in central Jerusalem for 9 million shekels, shortly before leasing it to the Colombian embassy for 17,000 dollars a month.

Osher Ad surprises shoppers by offering Tommy Hilfiger women's shirts for 99.90 ₪, undercutting competitors like Super-Pharm and NEXT by up to 50 percent.

Wall Street bounced back as chip stocks snapped a nine-day losing streak, led by Nvidia and AMD. Meanwhile, bond yields climbed and inflation data kept investors on edge.

Florida's massive retirement community, The Villages, plans to issue $180 million in bonds to finance 3,860 new homes and expand its sprawling facilities.

Transmit Security names Matt Thompson as CEO as co-founder Miki Boodaei moves to chairman. The company also launched Agentic Trust to manage risks from AI agents.

A young Jerusalem teacher injured in a car accident will receive 100,000 NIS in compensation from Wesure insurance after reaching a court-approved settlement.

Saudi Arabia has postponed its annual Future Investment Initiative conference to 2027 following recent Houthi missile and drone attacks, disrupting plans for top global finance leaders.

Capital Market Supervisor Amit Gal issued an official notice beginning the licensing of Gemach institutions under the Anti-Money Laundering Law, starting a 24-month compliance countdown.

Bank of Israel is expected to keep interest rates steady amid Knesset elections and fiscal uncertainty, according to a Psagot Investment House review.

Ramat Gan Municipality launched a 90 million NIS tender for a residential tower in Nachalat Ganim, while district committees approved 340 new housing units in major renewal projects.

Coca-Cola has defeated PepsiCo in a major tender to supply over 3,000 KFC restaurants in the United States, ending a decades-long historical partnership.

Goldman Sachs maintains its S&P 500 target at 8,000 despite AI bubble fears and tech stock volatility. Analysts stress that earnings growth will drive markets forward.

Leah Wapner, CEO and Legal Advisor of the Israel Medical Association, saw her monthly salary jump 22.5% to 70,747 NIS in 2024, sparking internal discussion.

Israeli optics and laser company Ophir Optronics is being acquired by TTM Technologies for approximately $650 million. The deal is expected to close in the second quarter of 2027.

Dubai's economy contracted by 2.3% in the first half of 2026 amid regional tensions and the Hormuz blockade, prompting strategic shifts toward Fujairah and closer ties with Saudi Arabia.

Trading in Tomer shares will resume on Wednesday after a two-month suspension due to accounting flaws. The food importer restated its financials and removed its chairman following a 21.3 million NIS net loss in the first half.