Economy

The Israel Securities Authority is investigating Horizon Investment House ahead of its planned Tel Aviv Stock Exchange entry via a merger with Blue Wave, valuing the firm at 40 million NIS.

Israel's Public Utility Authority is reforming solar rooftop tariffs, cutting prices for small roofs and moving medium roofs to a competitive market model by 2027.

Gindi Holdings appointed Jonathan Benjamin as Chief Technology and Innovation Officer to lead AI integration, digital transformation, and technological strategy across the company's real estate operations.

A consumer expanded a class-action lawsuit against Carrefour Israel, alleging over 700 expired products were found across dozens of branches, bringing total claims to 240 million shekels.

Ramat Gan published a tender to operate a 300-space underground public parking lot at the 1.12 billion NIS Vertical City project in the Diamond Exchange district.

At a Pensioners' Federation conference in Tel Aviv, change-bloc parties pledged to raise old-age pensions to 25% of the average wage. Meanwhile, experts warn of an 810 billion NIS actuarial deficit threatening the National Insurance Institute's future stability.

Retail giant Shufersal has renewed its PR contract with veteran strategist Rany Rahav after two and a half years, boosting communications amid expansion into the coffee market.

Markets are increasingly sensitive to growth forecasts over inflation, notes IBI chief economist Rafi Gozalan, projecting 1-2 gradual Federal Reserve rate hikes ahead amid tech investments and sticky price trends.

Sigal Biton, a former senior official at the Israel Basketball Association, filed a one-million-shekel lawsuit citing severe workplace harassment, discrimination, and wrongful termination.

Volkswagen Group is planning a global wage freeze for up to 660,000 employees until 2030 and potential cuts of 100,000 jobs amid declining sales and fierce Chinese competition.

Steel Partners issues an 11-day ultimatum to InMode over its $16.75 per share buyout offer, citing stalled negotiations, lack of data room access, and escalating legal disputes between the activist fund and the medical aesthetics company's board.

A severe cottage cheese shortage in Israel has prompted Euro Cheese to import non-kosher cottage cheese from Switzerland for ₪8 to ₪9 per cup, bypassing local supply chain failures.

An i24News investigation highlights significant savings offered by the Rami Levy private label compared to leading brands. Chain owner Rami Levy urges consumers to shop smartly to combat high living costs.

Vitania is acquiring the remaining 50% stake in its Ness Ziona Science Park project from the Landa family for 307 million NIS, securing full ownership of a major asset fully leased to Elbit Systems.

Rotem Amfert factory workers and local mayors protested in Jerusalem on Monday, demanding the approval of Pool 4 upgrades to prevent the closure of the Negev plant and secure 10,000 jobs.

A C14 survey comparing 114 grocery products shows the total basket cost rose just 0.54% annually, with Rami Levy remaining cheapest and Carrefour priciest.

Tax Authority Director Shay Aharonovich warned that upcoming state budgets will require severe measures, suggesting the elimination of cash and the 200 NIS banknote to combat the black economy and generate tens of billions in revenues.

Y.D. Barzani Group plans an IPO for its infrastructure arm, aiming to raise 1 billion shekels at a 2.8-3 billion shekel valuation, backed by surging revenues and a strong order backlog.

Winter rains in Israel highlight road safety risks, driving up demand for tire replacements. A market check reveals prices for a set of four tires range from 629 NIS to 1,850 NIS, raising questions about whether high costs guarantee better safety.

Prominent Israeli business figures, including former Shufersal CEO Efi Rosen-Hays, have filed for arbitration over a 3-year delay and 21 million shekels in damages at a luxury Tel Aviv boutique building.

Max Stock wins the Ilan Gilon Award for national employer excellence, recognizing the integration of 118 workers with disabilities across its branches over five years.

An Israeli widower has filed a 309,000 shekel lawsuit against a crowdfunding company, accusing it of exploiting a fatal family fire to raise donations without authorization and withholding a 40 percent commission.

American giant Boomi has acquired Israeli startup Elementary Data for $43 million. This marks Boomi's second Israeli acquisition this year, expanding its enterprise data monitoring capabilities.

Tidhar, Harel, and Delek completed a 200 million NIS land purification project in Acre spanning 430 dunams, preparing a major industrial and defense hub for 2027 occupancy.

The Jerusalem District Committee approved a pinui-binui project by BY Jerusalem Homes Group near the U.S. Embassy site, featuring a 30-story tower and 100 new housing units.

The Union of Journalists in Israel initiated proceedings to remove chairman Haim Har-Zahav following severe governance disputes and a deep crisis of trust within the organization.

High financing costs and unsold inventory in Tel Aviv and central regions will likely force small real estate developers into mergers, according to Psagot Sigma analyst Avi Shakuri.

After eight years in Tzukim, the Ursula restaurant is up for sale for 350,000 NIS. Owners cite crushing regulations, remote location challenges, and war impacts as reasons to exit.

Emirati investment funds are exploring entry into Israel's real estate sector for the first time, targeting both stable firms and those strained by high financing costs.

Wall Street chip stocks face heavy selling, with Intel and Micron dropping 12%. Jim Cramer criticizes the disconnect between strong corporate earnings and falling valuations.

Israel's consumer market sees a wave of new product releases, featuring Shamir and Menicon contact lenses, Wella haircare, Arcos kitchen knives, Delta Home textiles, and a nostalgic Elite snack comeback.

A comprehensive strategic report by Noga warns that Israel's electricity consumption must surge up to 2.7 times by 2050, driven by AI data centers, electric vehicles, and extreme climate heatwaves.

An OpenAI employee's arrest for covert recording highlights workplace legal boundaries. Employment law experts explain rules on secret recordings, criminal wiretapping, and employer privacy.

The Tel Aviv Stock Exchange opened lower on Monday, mirroring Wall Street losses, while Elbit Systems surged 3.1% on a $235 million European defense contract. Meanwhile, Wall Street futures rebounded as oil prices fell.

Adaltak O&M petitioned the Tel Aviv District Court to appoint an arbitrator in a dispute over maintenance contracts for the stalled 3 billion shekel Durad power plant expansion, amid regulatory hurdles and shareholder infighting.

Ministry of Communications expands import exemptions for home appliances with wireless components, cutting bureaucracy and speeding up customs clearance for importers.

November shopping peaks in Israel with Black Friday, ShoppingIL, and Cyber Monday, as consumers hunt for electronics, fashion, and home appliances using smart TikTok coupon strategies.

Former Calcalist editor Maayan Manela partners with PR firm Orenstein Choshen to launch ekoh, a new venture specializing in employer reputation management and strategic HR communications.

Baran acquires a 40% stake in Ashkelon desalination plant operator Adom from Veridis for 53.6 million shekels in a deal valuing the company at 134 million shekels.

Competition in Israel's middle-eastern cookie market drives a 14% drop in average prices, as Achva challenges longtime dominant brand Abadi with lower-priced alternatives.