Economy

The Ministry of Tourism is proposing a 400 million shekel state-guaranteed loan fund to support hotel expansion and the construction of new projects amid industry financing challenges.

The PUSH news project by Itzik Parzan and Moti Sharf's company Forever are parting ways. Globes has learned that Parzan is buying out Forever's 35% stake at a valuation of 10 million shekels. The transaction is based on the project's valuation at the time of the company's entry in late 2025, though current estimates suggest a higher value.

For decades, the Bedouin population in the Negev has been caught in a cycle where historical land disputes hinder infrastructure, education, and economic development, causing losses for the entire region.

Following the management's decision to reassign IT staff to branches and alter remote work policies, the workers' committee has announced an escalation of industrial action. Measures include freezing activity in the Jira task management system and halting all non-essential corporate communication.

The "Rami Levy Shivuk HaShikma" retail chain is launching back-to-school furniture promotions: a set of four foldable chairs for 99.90 shekels and a foldable desk for 149.90 shekels.

Capital City Ventures has filed for bankruptcy protection for the historic St. Paul Athletic Club building in St. Paul. Facing debts of up to $50 million, owner John Rupp plans to convert the abandoned property into a residential complex.

The "Rami Levy Stock" chain is expanding with a massive 3,000-square-meter branch in the Ramle-Lod area, as management pledges to cut prices by half ahead of the late August opening.

The owner of the Yohananoff chain has signed a deal with Colmobil to build a 5,500 sqm store in the Nesher area. The total investment in the complex will amount to 100 million shekels.

The Capital Markets Authority has published a draft regulation imposing anti-money laundering and counter-terror financing requirements on Gemach institutions, aligning them with international FATF standards.

Alongside its flagship hypermarkets, the Jumbo Greece chain, operated by the Fox Group, is launching a smaller store format. The first branch has opened in the Talpiot neighborhood of Jerusalem, offering a wide range of products with prices up to 9.90 NIS.

The Fattal hotel chain has completed the acquisition of leasehold rights for London's The Dilly hotel. The total investment, including renovation and purchase costs, amounts to 220 million GBP (approximately 906 million NIS).

The last trading week on the Tel Aviv Stock Exchange saw sharp contrasts as Teva jumped 13.47%, while chip manufacturers Tower and Nova suffered significant losses amid market volatility.

Hailo and StreamElements, which raised a combined total of about half a billion dollars, were recently sold in fire sales. This reflects the collapse of the "growth at any cost" model in the Israeli high-tech sector.

Errors in AI implementation and a lack of oversight have led to multi-million dollar unplanned expenses at Amazon. Employees' indiscriminate use of AI models caused a significant spike in token consumption costs.

Ahead of the back-to-school season, Harel Wizel's fashion chain FOX is launching a promotion offering 6 school shirts for 99.90 NIS. The brand has also significantly expanded its collection to include trendy styles popular among teenagers.

The Jerusalem District Court has ordered the commencement of insolvency proceedings against M. MastiX Ltd. The company allegedly accumulated approximately 1.27 million shekels in unpaid municipal property taxes and sewage fees.

Horizon, a company under the Altshuler Shaham group, is launching a move that solves the main headache for investors and allows for the transfer and liquidation of digital currencies purchased on foreign exchanges into the banking system.

Worrying data reveals the scale of the deep crisis in the local technology sector, as a significant portion of those laid off are considering leaving the industry due to fears for their professional future.

While SpaceX shares fell far below the offering price, American members of Congress began to take positions instead. Some of them sit on committees that directly oversee the company’s business — raising familiar questions on Wall Street. But is this a sign that a turnaround in the stock is on the way?

In this week's Globes review, we analyze the performance of Israeli stocks on Wall Street. Cybersecurity weakness wiped $1.3 billion off Check Point's valuation, Radcom shares plunged 20% following a guidance cut, and a failed clinical trial sent Karyopharm to an all-time low.

60% of the winners in the 11th 'Discounted Apartment' lottery are reservists. The Ministry of Construction and Housing has begun notifying 7,922 winning households, with 4,734 reservists securing a win—a success rate of nearly 19% for that group.

End of an era in the aviation world: The successful company that manufactured heat shields for NASA and built systems for Boeing and Airbus has filed for bankruptcy protection due to massive debts and consecutive contract cancellations.

US President Donald Trump is actively increasing the state's stake in private companies, turning budget grants into equity investments. The portfolio now includes 30 companies, including Intel and GlobalFoundries.

The interest rate decision in the US led to a wave of rumors and fears of runaway inflation. Why should the giant collapse in South Korea worry us all, and how will the tensions with Iran and oil prices affect everyone's pockets?

Out of 25,394 reservists who registered for the 'Apartment at a Discount' lottery, 4,734 received a winning notification this morning—nearly one in five participants. In total, approximately 60% of all lottery winners are reservists.

Bank management marked the 18th anniversary of its flagship social project, distributing one million shekels to dozens of leading organizations. Over the years, the initiative has donated tens of millions of shekels to support various social causes.

A budget of up to 2 million shekels is no longer sufficient for a family apartment in most of Gush Dan, but it still allows for the purchase of a 3-room apartment in parts of Bat Yam and central Petah Tikva, small 2–2.5-room units in Tel Aviv and Ramat Gan, or 4-room properties in Lod and Ramla. The final choice depends on the buyer's willingness to compromise on space, building age, and location.

Even investors who have never directly purchased leading tech stocks are affected by the current turmoil. Fund managers explain the boomerang effect that is now threatening the public's investment portfolios.

Osher Ad is launching a major promotional campaign in two of its large branches, offering a variety of popular electrical appliances, furniture, and children's equipment at special summer prices.

In light of the heatwave hitting Israel and the need to cool down, Machsanei Hashmal is launching a series of unprecedented promotions on selected cooling products, including air conditioners, refrigerators, freezers, fans, and more.

The Israeli rental market is now governed by new Ministry of Justice regulations establishing a default contract. These rules clarify responsibilities for repairs, deposit limits, and procedures for early termination.

The National Insurance Institute has published its updated payment dates for August. Due to the weekend, some benefits will be paid earlier, while the average payment amount has reached 5,280 shekels following indexation.

The trading week opens on a calmer note following the cancellation of the expected attack on Iran. The reduction in geopolitical tension may support the stock market, particularly in sectors sensitive to instability.

Most buyers who purchased an apartment during the financing benefit period have not yet reached the moment of truth, where they are required to pay the balance. According to the Ministry of Finance, this is expected to impact the market significantly in the coming year.

And also: how much did a 5-room apartment in Beersheba cost, how much was a 4-room apartment sold for in the center of Netanya, and for what amount was a 5-room apartment purchased in Haifa? A review of second-hand transactions.

Leopold Aschenbrenner, a former OpenAI researcher, grew his hedge fund to a peak of $45 billion in assets, but a recent market downturn has forced a massive sell-off of his holdings.

Israel has reached second place globally in The Economist's Big Mac Index, trailing only Switzerland. The 25% jump in dollar-denominated prices is driven by the strengthening of the shekel to 3 NIS per dollar.

The deal for the sale of control in G-City is at risk of collapse due to a severe crisis of trust between seller Chaim Katzman and buyers Tzahi Abu, Kidan Dahari, and Yaron Adiv.

What percentage of the company will Eli Avisror hold, why is the IPO tempting to investors, and who bought an apartment for 17 million shekels? The Avisror family will earn huge sums after the IPO. The brothers will rake in tens of millions as dividends.

The Pozis family, controlling shareholders of Novolog, has accused the board of directors of attempting to entrench power through a 100 million shekel investment deal with the Movement group, sparking a corporate power struggle.