Calcalist

Cyber company Way Security has raised $20 million in a seed round led by Insight Partners and Glilot Capital. The company is developing an AI-based platform for operating identity and access management systems in organizations.

Winemaker Shiri Rosenthal, owner of the 'Blendim' boutique winery, creates unique blends inspired by intuition and a scientific background. For her, the harvest and winemaking process have become a sanctuary from life's challenges.

The Gold Real Estate Group is suing the Haifa Municipality for 58.5 million shekels due to a decades-long delay in advancing the 'Mordot Lincoln' housing project, which is planned for 2,850 apartments.

The Knesset Finance Committee will vote on Wednesday to transfer hundreds of millions of shekels in coalition funds. A significant portion of the budget is allocated to the Ministry of Settlements and other government departments.

The Tel Aviv Magistrate's Court has reduced an administrative fine imposed on the crypto site Bitin by 90%. Judge Adi Hadar cited the Capital Market Authority's failure to perform basic investigative actions.

Big has completed the sale of its 80% stake in the Legends at Sparks Marina shopping center in Nevada for $82 million. Following this transaction, the company retains only one remaining property in the US, which it also intends to divest.

Effi Sandrov, the appointed administrator of the collapsed company Slice, has filed a request with the District Court to increase the lawsuit against Eshkol Guy Shanzer by 52.5%. The claim now includes ten additional defendants.

Mass layoffs in Israel's high-tech sector, driven by AI integration and economic instability, are shattering the 'psychological contract' between employees and the industry, leading to a deep identity crisis.

Apple has asked the US administration to approve the purchase of memory chips from Chinese firms CXMT and YMT for devices sold outside the US. The initiative aims to mitigate the global chip shortage.

The veteran pharmaceutical company Trima, founded 85 years ago, is shutting down its production operations. The company had been reporting annual losses of 10-20 million shekels.

High demand for AI chips has crowned another winner. Shares of Chinese chipmaker CXMT surged nearly 500% on their first day of trading in Shanghai, reaching a market valuation of $539 billion.

Ofer Yanai, controlling shareholder of Nofar Energy, is set to increase the company's stake in Ellomay Capital from 46% to 71%. The deal is valued at approximately 250 million shekels.

The summer holidays are in full swing, and temperatures in Europe are at their peak. If you are planning a trip to London, here are some suggestions for August and early September to make your stay unforgettable.

Trading in Tel Aviv opened with mixed results as dual-listed chip stocks declined due to arbitrage gaps, while the financial and real estate sectors traded higher amid global market optimism.

At the start of the week, amid expectations for the Fed's interest rate decision, the dollar is retreating in both global and local markets. The dollar is down 0.2% against the shekel, trading below 3.05.

Flight prices for the Tishrei holidays remain relatively low as more Israelis book closer to departure dates. However, as the holidays approach, prices for popular destinations are starting to rise.

Real estate investment fund Marathon is finalizing a 750 million shekel raise for its second investment fund. Originally targeting 600 million shekels, the fund increased the amount due to strong investor demand.

Mega Or has purchased a 15.6-dunam plot from Schnapp's subsidiary, Keslev, for 95 million shekels. The acquisition will expand the company's planned large-scale data center campus in Hadera.

Oil prices fell sharply after Iran announced a suspension of attacks, provided the US maintains a cessation of hostilities. Meanwhile, investors are bracing for the Fed's interest rate decision and a busy week of earnings reports.

The collaboration between Israeli insurance companies and global asset management giants like BlackRock, Fidelity, and State Street has faced headwinds. Assets in these savings policies have dropped from a peak of 4 billion shekels to less than 1.2 billion.

Residents of the building at 7 Pinsker Street in Tel Aviv have returned to their homes just one year after an Iranian missile strike. The successful restoration was driven by a proactive tenants' committee.

The Ackerstein Group is acquiring an 85% controlling interest in EcoWall from the Tidhar Group and other shareholders. The deal is valued at 47 million shekels, with EcoWall's total valuation at 55 million shekels.

The strengthening of the shekel has made travel cheaper, but choosing the right payment method is crucial to avoid hidden fees. Understanding the difference between bank accounts, currency wallets, and credit cards can save families thousands of shekels.

The Likud Central Committee is set to vote on Prime Minister Benjamin Netanyahu's request to expand reserved spots on the party list. The move to include MK Michel Buskila carries significant political and financial implications.

Political gridlock in the Knesset has stalled a bill exempting agrivoltaic projects from betterment levies, threatening the economic viability of the solar energy sector.

Online fashion giant Shein has published a draft prospectus for its Hong Kong IPO. Financial results reveal a decline in profitability following the US cancellation of customs duty exemptions on low-value shipments.

The Ministry of Transport has canceled its centralized tender for bus stop shelters, shifting responsibility to local authorities. This policy change aims to better address unique municipal requirements.

The shekel's exchange rate reflects Israel's national resilience, combining geopolitics, security, and technological power. However, rapid currency appreciation poses strategic risks to export profitability and the innovation base.

South Korea has unveiled $950 billion in deals to boost AI chip production and computing power, led by tech giants SK Hynix and Samsung, aiming to address the global shortage in the sector.

Yanki Deri, son of Shas chairman Aryeh Deri, holds a management position at the World Zionist Organization. A conflict of interest agreement reveals that three of his relatives serve on the organization's executive committee, which oversees his work.

Investors have increased bets that the Federal Reserve will raise interest rates by 0.25% at its upcoming meeting. The probability has risen to 38% amid surging oil prices due to the escalation of the Iranian war.

Logistics giants UPS and FedEx are investing millions in refrigerated facility upgrades to accommodate the transport of weight-loss drugs like Wegovy and Ozempic.

The government has extended the special state of emergency in the home front until August 11, 2026, but the compensation scheme for northern tourism businesses remains unrenewed. This creates a critical gap in support for the sector.

Starting today, parties and candidates are required to label election materials created or significantly altered by AI. These new regulations aim to ensure transparency throughout the election campaign.

The owner of the Jerusalem sabich stand "Ha-Sabichiya shel Yigal" is challenging a Tax Authority demand for 132,000 NIS in additional VAT. The dispute focuses on waste rates and production losses.

The Israel Public Broadcasting Corporation (Kan) has joined the petition against the Broadcasting Law, requesting the Supreme Court to cancel a 25 million shekel budget cut, citing political interference.

Israeli gaming company Papaya Gaming announced a strategic move to lay off approximately 30 employees. The company currently employs about 400 people.

A Magistrate's Court in Ramle dismissed a libel lawsuit filed by a police officer against a pub owner. The judge ruled that the officer abused his authority by seizing the citizen's phone without a warrant to gather evidence for a personal civil case.

The Israeli government has approved a ban on the import of goods produced by forced labor. This move is an attempt to prevent new US tariffs of 12.5% on Israeli exports.

Andre Tabakoff has been appointed as the capital markets editor of Calcalist. He brings over two decades of senior editorial experience in the Israeli economic press to the role.