Economy

Aug 31, 2026
Exit for Dr. Eve Biton: Maof Group acquires 50% of Sharan at a valuation of 110 million shekels
Business

Exit for Dr. Eve Biton: Maof Group acquires 50% of Sharan at a valuation of 110 million shekels

Maof Group is acquiring a 50% stake in home medical services provider Sharan at a valuation of 110 million shekels. This deal marks Maof's entry into the healthcare market.

After the exit: Entitle moved its intellectual property out of Israel for 124 million shekels
Business

After the exit: Entitle moved its intellectual property out of Israel for 124 million shekels

Startup Entitle sold its intellectual property to its parent company BeyondTrust for 124 million shekels. The company is expected to pay approximately 29 million shekels in taxes on the transfer.

11:38ICE
Renowned Meat Restaurant Closes After 25 Years: Labor Shortage and Declining Earnings
Business

Renowned Meat Restaurant Closes After 25 Years: Labor Shortage and Declining Earnings

After nearly 25 years, the beloved meat institution on Yefet Street is closing its doors for the last time today. The owners shared an emotional farewell, citing a severe labor shortage, declining revenue, and accumulated fatigue as the primary reasons.

11:38ICE
Corinne Gideon and her husband launch a new business
Business

Corinne Gideon and her husband launch a new business

Following the success of their joint delicatessen, media personality Corinne Gideon and her husband Hili Sorotskin are entering a new field, launching a lab-grown diamond jewelry brand.

11:38ICE
After a 22% drop in stock: Defense company Bagira publishes reports for the first time
Business

After a 22% drop in stock: Defense company Bagira publishes reports for the first time

The military simulation systems company controlled by the Mizrahi family concluded the first half of the year with a sharp jump in profits and cash flow, but is currently trading at a valuation of about 2.6 billion shekels, lower than the valuation at the IPO just a few months ago.

11:38ICE
95 Million Dollars for Fighting Crypto Crime: The Role of ICE
Business

95 Million Dollars for Fighting Crypto Crime: The Role of ICE

A massive US government contract has turned into a legal battle between two leading blockchain analysis firms. US Immigration and Customs Enforcement (ICE) faces allegations of awarding the contract without a fair tender process.

11:38ICE
Mattress giant in financial collapse: massive debts and revenue decline
Business

Mattress giant in financial collapse: massive debts and revenue decline

No Bull Mattress has filed for creditor protection due to a sharp drop in revenue, inflation, and competition from online brands. An analysis of the debts and market figures behind the industry crisis.

10:58ICE
Investment of 100 million shekels: Major renewal at Canyon HaZahav mall
Business

Investment of 100 million shekels: Major renewal at Canyon HaZahav mall

The Canyon HaZahav mall in Rishon LeZion is launching a new 12,000-square-meter floor, as the Fox Group significantly expands its presence and introduces new brands to the complex.

Michal Romi appointed CEO of SAP's development center in Israel
Business

Michal Romi appointed CEO of SAP's development center in Israel

SAP has appointed Michal Romi as the new CEO of SAP Labs Israel. She will take office on September 1, succeeding Orna Kleinmann, who is moving to a senior global leadership role within the company.

10:15ICE
Tzahi Hagag enters the data center market: investments in Romania to reach up to 67.5 million euros
Business

Tzahi Hagag enters the data center market: investments in Romania to reach up to 67.5 million euros

Hagag Europe is entering the server farm development sector. The land acquisition deal in Romania is valued at up to 67.5 million euros.

10:15ICE
Orly Cohen Appointed VP of Research and Strategy at Reshet 13
Business

Orly Cohen Appointed VP of Research and Strategy at Reshet 13

After three and a half years as a senior advisor to the CEO of the Israel Public Broadcasting Corporation, Orly Cohen returns to Reshet 13 to strengthen the channel's strategic management.

Israel Railways revenue rose by 9% - but net profit plummeted by 68%
Business

Israel Railways revenue rose by 9% - but net profit plummeted by 68%

Israel Railways concludes the second quarter of 2026 with a 9% revenue increase to 984.6 million shekels, while net profit dropped by 68% to 18.6 million shekels due to rising operational costs.

Direct Insurance CEO Kobi Haber to leave the company after an 8-year tenure
Business

Direct Insurance CEO Kobi Haber to leave the company after an 8-year tenure

Direct Insurance CEO Kobi Haber has informed the board of his intention to resign in the coming months. During his eight-year tenure, he led a strategic shift toward portfolio optimization and expansion into health and long-term savings.

09:32ICE
Teddy Sagi celebrates: the company he invested in reports record results and jumps by 190%
Business

Teddy Sagi celebrates: the company he invested in reports record results and jumps by 190%

Alltrade Recycling summarizes a dream half-year as a public company with a massive jump in net profit and over 120 million shekels in the coffers, which will be used to establish new production lines and factories.

09:32ICE
Eyal Waldman with a startling warning: "I am investing much less in Israel"
Business

Eyal Waldman with a startling warning: "I am investing much less in Israel"

The founder of Mellanox warns of the consequences of the current government's policies and reveals: "If the government is not replaced, I will regret leaving the company in the country."

09:31ICE
Leadership change at Bituach Yashir: CEO Kobi Haver announces his departure
Business

Leadership change at Bituach Yashir: CEO Kobi Haver announces his departure

After eight years of successful leadership and record financial performance, Bituach Yashir CEO Kobi Haver has announced his intention to step down in the coming months.

09:31ICE
Ratings: MasterChef leads over The Voice, which continues to decline
Business

Ratings: MasterChef leads over The Voice, which continues to decline

While Keshet 12 continues to dominate unchallenged, Reshet 13 faces a drop in performance. The channel's flagship program, The Voice, fell to third place in the daily ratings with 8.8% and 237,000 viewers.

09:31ICE
2 Million Shekel Investment: Veteran Bakery Chain Opens New Branch
Business

2 Million Shekel Investment: Veteran Bakery Chain Opens New Branch

The "Maafe Neeman" chain has inaugurated its 69th branch nationwide, backed by an investment of over 2 million shekels. The CEO promises a new culinary experience and special promotions throughout the coming month.

09:31ICE
Drama in the culinary world: Dudu Outmezgine sues his company
Business

Drama in the culinary world: Dudu Outmezgine sues his company

The well-known chef and pastry chef filed a lawsuit for hundreds of thousands of shekels against the patisserie bearing his name, following the company's refusal to fund a particularly prestigious benefit promised to him in his personal contract.

"The Trojan Horse Inside": The struggle for control over the Ram-On board of directors intensifies
Business

"The Trojan Horse Inside": The struggle for control over the Ram-On board of directors intensifies

Maron Greenberg, a shareholder of Ram-On Investments, has defined Eldav's entry into the board as a destabilization attempt. The parties are in dispute over the company's development strategy and methods for unlocking value.

09:26Globes
IDF Chief of Staff's wife serves as a director at a food company involved in irregularities
Business

IDF Chief of Staff's wife serves as a director at a food company involved in irregularities

Orna Zamir, wife of Lt. Gen. Eyal Zamir, serves as an independent director at the food company Tomer Mazon, while the IDF is one of the company's largest clients. Trading in the stock was halted earlier this month due to accounting irregularities. The IDF Spokesperson's Unit stated that the Chief of Staff has no involvement in the company's affairs.

09:20Globes
Bituach Yashir CEO to step down after eight years
Business

Bituach Yashir CEO to step down after eight years

Bituach Yashir CEO Kobi Haber has notified the company's board of directors of his intention to step down in the coming months. Bituach Yashir is Israel's largest company in the field of motor property insurance.

08:55ICE
Stock down 50%: Electra Real Estate sells property at a $1 million loss
Business

Stock down 50%: Electra Real Estate sells property at a $1 million loss

The company is divesting its residential complex in Texas after more than seven years of ownership. The outlook for investors is disappointing: the annual yield is minimal, and the accounting loss will be recorded in the third-quarter reports.

Squishy madness: The new toy industry hit generating hundreds of millions of dollars
Business

Squishy madness: The new toy industry hit generating hundreds of millions of dollars

Squishy toys have become one of the most prominent trends in the US market in 2026. Sales of these soft, flexible products reached approximately $297 million through June, marking a fourfold increase compared to the same period last year.

08:22Globes
Astral Hotels loses lawsuit for rent refund during renovations and is ordered to pay 400,000 shekels
Business

Astral Hotels loses lawsuit for rent refund during renovations and is ordered to pay 400,000 shekels

The agreement between Astral and the companies leasing the Aria Hotel in Eilat did not explicitly cancel the rent exemption during renovations. However, the court prioritized the concept of an "absolute obligation," ruling that business logic and the parties' intent override specific contract wording.

07:04Ynet
The young women who left everything to sell jars of pickles are worth millions today
Business

The young women who left everything to sell jars of pickles are worth millions today

A viral video of an influencer struggling to open a pickle jar became the best advertisement "Hot Girl Pickles" could have asked for. Behind the colorful brand that is conquering Gen Z with bold branding and self-irony are two college graduates who decided to bet on a pickle — and it paid off: their company is currently valued at millions of dollars.

Keshet Taamim Prepares for IPO Aiming for One Billion Shekel Valuation
Business

Keshet Taamim Prepares for IPO Aiming for One Billion Shekel Valuation

Keshet Taamim is preparing for an IPO in early 2027. The chain has begun preliminary consultations with financial entities, targeting a valuation of approximately one billion shekels.

Suari in advanced negotiations to acquire Tzamal Medical at a valuation of 300 million shekels
Business

Suari in advanced negotiations to acquire Tzamal Medical at a valuation of 300 million shekels

The holding company Allied is in advanced negotiations to acquire control of Tzamal Medical from its founder, Yehoshua Katz. The deal values the company at approximately 300 million shekels.

05:58Globes
Terminal X's turnaround: Instead of selling other people's brands, they buy them
Business

Terminal X's turnaround: Instead of selling other people's brands, they buy them

Terminal X has become one of the growth engines of the Fox Group, with a jump of about 20% in quarterly sales to 161 million shekels. The data proves that the strategy of acquiring independent brands, which account for almost a quarter of the company's revenue, has proven itself. What are the next goals the CEO is setting?

05:51Globes
Harel Wiesel and Gad Proper are partners: The surprising beneficiaries of the Dan real estate merger
Business

Harel Wiesel and Gad Proper are partners: The surprising beneficiaries of the Dan real estate merger

After selling Dan's transport operations at a profit of over 1 billion shekels, the Value-LBH fund is on its way to creating further value by merging Dan's real estate operations with Donitz. Not only will the fund benefit from the deal, which will yield a 5x return on its money, but so will a series of capital owners such as Harel Wiesel, David Fattal, and Gad Proper.

Aug 30, 2026
22:07ICE
Is the author of 'Rich Dad Poor Dad' in debt for billions? This is the truth
Business

Is the author of 'Rich Dad Poor Dad' in debt for billions? This is the truth

The author of the world's most famous finance book caused a stir when he claimed he held an astronomical debt of billions of shekels. Now it turns out: his personal debt is much smaller, it is a PR stunt - and the strategy behind the crazy number is revealed | All the details

21:32ICE
Tens of thousands of shekels: Cost of Haredi influencer campaign revealed
Business

Tens of thousands of shekels: Cost of Haredi influencer campaign revealed

Against the backdrop of criticism regarding budget allocations, data on the Haredi influencer campaign has been published. How much did the sponsored content cost and what was the reaction of the "B'Tsalmo" organization?

21:32ICE
Musk promises: SpaceX will reach $3.5 trillion in revenue by 2033
Business

Musk promises: SpaceX will reach $3.5 trillion in revenue by 2033

The CEO of SpaceX cut seven years off Morgan Stanley's forecast and claims the company will reach annual revenues of about $3.5 trillion as early as 2033. However, the stock has lost about 40% from its peak, and even the most optimistic estimate on Wall Street is still far from Musk's target. What does this mean for those thinking about investing in the stock?

21:09Globes
"We identified glitches inside the house": at Ackerstein they found the person responsible for the weak results
Business

"We identified glitches inside the house": at Ackerstein they found the person responsible for the weak results

Disappointing reports sent the shares of the concrete infrastructure manufacturer to a 13% decline in two days, and CEO Amit Lang to his home. Zvika Ackerstein, one of the company's owners, will replace him: "The company now needs focused management."

20:48ICE
Fashion giant makes a revolutionary move: a branch with robots and self-service checkouts
Business

Fashion giant makes a revolutionary move: a branch with robots and self-service checkouts

Lefties, the sister chain of Zara owned by the Inditex group, has opened its first store in the UK. The branch in Liverpool spans about 27,000 square feet and combines self-service checkouts and robots for sorting hangers and clothing.

20:08ICE
Earthquake in the culture world: bankruptcy and final liquidation of Phil Tippett's studio
Business

Earthquake in the culture world: bankruptcy and final liquidation of Phil Tippett's studio

After four decades, Hollywood legend Phil Tippett is closing his California studio following a bankruptcy process. Rare collectibles were sold at a massive liquidation event, but the Oscars remain with him: "I will die with the sword in my hand."

Maytronics recorded a loss of 8 million shekels in the second quarter, sales hit by the strengthening of the shekel
Business

Maytronics recorded a loss of 8 million shekels in the second quarter, sales hit by the strengthening of the shekel

Maytronics continues to experience a decline in sales, but excluding currency exchange rates, it seems that they have stabilized slightly. The company recorded a net loss of 8 million shekels in Q2.

19:44Globes
With such weak performance, it is no wonder that the Kibbutz Yizre'el company is looking for a lifeline
Business

With such weak performance, it is no wonder that the Kibbutz Yizre'el company is looking for a lifeline

Maytronics ended the second quarter with a decrease in revenue alongside a transition to a loss of about 8 million shekels. While it is holding talks for investment from the FIMI fund, the company announced an additional efficiency plan that will help it meet its obligations.

19:22Globes
Owners took 2 million shekels from Best: Securities Authority expected to intervene
Business

Owners took 2 million shekels from Best: Securities Authority expected to intervene

Less than three months after its IPO, real estate firm Best is forced to correct its financial reports due to the unauthorized financing of the owners' private projects. Market experts anticipate an investigation by the Securities Authority, questioning the oversight provided by auditors and underwriters.

19:00Globes
Investors punish Shufersal stock: Key reasons for the decline
Business

Investors punish Shufersal stock: Key reasons for the decline

Israel's largest supermarket chain lost 11% of its market value in two days following weak half-year reports. Despite efficiency measures implemented by owners Yossi and Shlomi Amir, the company is struggling with declining same-store sales.

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