Calcalist

The Capital Market Authority has imposed a 10.5 million shekel fine on Neeman Insurance Agency for serious violations regarding pension fund withdrawals. The regulator clarified that the sanctions apply to the agency, not directly to its CEO, Naor Neeman.

Harel Insurance ended the second quarter with a total profit of 1.02 billion shekels, a 30% increase compared to the same period last year. Following these strong results, the company announced a dividend distribution of 400 million shekels.

Meta is discussing a potential settlement in a major lawsuit filed by 29 US states alleging the company designed its platforms to be addictive to teens. According to Meta's own analysis, the total fines could reach $1.4 trillion.

A trend reversal in the foreign exchange market: after yesterday's strengthening of the shekel, the dollar is rising by 0.3%, trading above 2.97 shekels.

Timberland founders Sidney and Judith Swartz have purchased an apartment in Jerusalem's Mishkenot HaTeatron complex for 48 million shekels. This transaction marks the highest price paid for an apartment in the city this year.

The Jerusalem District Court has rejected a lawsuit filed by a public housing tenant seeking to purchase his home through a combination deal with a private developer. The court upheld the Ministry of Construction and Amidar's position, citing the need to prevent the commercialization of public housing rights.

Following recent turmoil at Ben Gurion Airport, the Treasury is pushing to shift operations to a franchise model. The ministry aims to curb union influence and improve service efficiency by rejecting demands for additional permanent staff.

While the residential real estate sector is suffering from a slowdown, infrastructure companies are seeing growth driven by expectations of massive investments in the Metro project, estimated at 180–200 billion shekels.

Nigeria's NIGCOMSAT is set to purchase two communications satellites from IAI and Thales. The total value of the deals is estimated to reach approximately $2 billion.

The Ministry of Defense has demanded 30 million shekels in compensation from drone manufacturer Aerodrome for failing to meet tender conditions. The ministry has expressed willingness to negotiate to avoid a legal battle.

An island in the Venetian lagoon, featuring a historic Napoleonic fort, a private villa, and a helipad, has been listed for sale. The property offers a unique retreat just a short boat ride from Venice.

Budget sent a message to customers warning of service and supply issues with Chery vehicles imported by Frisbee. Following a Calcalist inquiry, the leasing company announced that joint efforts have led to significant improvements.

Lego reported a 21% revenue increase for the first half of the year, reaching 42 billion Danish krone. The growth is driven by strong sales of new sets, the launch of the Smart Play platform, and key sports partnerships.

Electra has divested its contracting operations in Nigeria for $15 million, marking the company's complete exit from Africa. The decision follows limited business scale and a challenging operating environment.

Yehuda Eliyahu, Acting Director General of the Israel Land Authority, has canceled a musical featuring women's singing for a Rosh Hashanah event. He had previously agreed with the union to provide an alternative, but reneged on the deal.

After a long-standing dispute with Minister of Education Yoav Kisch, legal advisor to the Council for Higher Education Yael Tur-Kaspa is stepping down. Her departure date is set for October 31, preventing the minister from appointing a successor.

The Competition Authority intends to declare Carmel Winery a monopoly in the grape juice and Kiddush wine market. The company has agreed to comply with major supplier regulations pending a Supreme Court ruling.

Israel Shipyards reported a 21.6% increase in quarterly revenue to 428.5 million shekels. Net profit jumped 22-fold to 15.6 million shekels, driven by strong performance in the shipyard and port sectors.

The infrastructure fund Keystone is initiating the IPO process for Egged, targeting an 8 billion shekel valuation. Meanwhile, the fund reported a 77% decline in net profit for the second quarter of 2026, down to 32 million shekels.

Menora Mivtachim concluded the second quarter with a total profit of 785 million shekels, a 10% increase compared to the same period last year. The company's return on equity rose to 24.7%.

XPeng's humanoid robot division, Dogotix, has raised over $900 million in its first funding round. The investment gives the company a post-money valuation of more than $6.3 billion.

Phoenix concluded the second quarter of 2026 with a total profit of 908 million shekels, a 5% decrease year-on-year. Despite a decline in insurance core profits, the company saw significant growth in investment management and consumer credit activities.

Following the US plan for the financial isolation of Iran, currency markets show minimal movement. The dollar is trading at 3.00 shekels as investors await the Bank of Israel's interest rate decision.

The Public Transport Authority is considering barring Egged from the Hashmonaim cluster tender. The move follows findings that the company exceeds market share and annual mileage caps set by the Competition Authority.

The Keystone fund and Edeltech have requested that the Electricity Authority accelerate the conversion of their loan into equity in the Sorek power plant. This move suggests that Keystone may have abandoned its bid to acquire Shikun & Binui Energy.

The University of Haifa is facing a 60 million shekel annual deficit. As part of a recovery plan, 170 non-tenured lecturers have received notices of dismissal or position reductions.

The stock exchange is investigating the low participation of retail investors in the TAL closing phase. Data shows they account for only 5% of trading volume, while institutional and foreign investors dominate the segment.

US President Donald Trump's holdings in the oil and gas sectors have grown by up to 15.5 million dollars following the war with Iran, according to a report by Democratic members of the Joint Economic Committee of Congress.

The Supreme Court issued an order nisi regarding a petition against the transfer of coalition funds to Haredi institutions and the Ministry of Settlements. The court froze 400 million shekels while releasing urgent budgets for local authorities and the rehabilitation of the North and South.

Brigadier General (res.) Ofer Winter is expected to launch his new party, "Ami Hai La-Ad," this Tuesday. An investigation reveals the party has already secured hundreds of thousands of shekels in guarantees.

India has sufficient sugar stocks to meet demand during the holiday season, and the price surge is due to speculative buying rather than an actual supply shortage. The government has permitted the duty-free import of one million tons of raw sugar.

Intel has unveiled its next-generation server processor architecture, Diamond Rapids. The innovative computing block technology was developed under the leadership of the company's R&D center in Israel.

Electric cars offered for 100,000 shekels at the Rami Levy chain have increased in price by 10%. The price update to 110,000 shekels follows a two-month period since the launch of the collaboration with importer Delhum.

The US Treasury Department is considering using its General Account (TGA), which holds approximately $950 billion, to help fund its plan to increase government bond buybacks.

InterCure has reached a final settlement with the Israel Tax Authority for 230 million shekels in compensation for damages sustained during the October 7 attack. Following the announcement, the company's stock jumped by 34% on the Tel Aviv Stock Exchange.

Yoav Karmi and Ariel Prestman, owners of Ha-Bayta Living, will not join the Orion board of directors following the shareholders' vote. They failed to secure the required 51% majority.

Over the past year, the portfolio of balloon and bullet mortgage loans has grown by approximately 20%, significantly outpacing the growth of the total mortgage market. By July 2026, the balance reached 29.2 billion shekels.

Blue Square Real Estate, operator of the TLV Mall in Tel Aviv, has filed a 35.4 million shekel lawsuit against businessman Moshe Golbary. The mall alleges that the Golbary and Sacara chains breached lease agreements.

Navitas Petroleum concluded the first half of 2026 with a sharp rise in activity following the launch of the Shenandoah project. The partnership recorded revenues of 517.2 million dollars and a net profit of 80.4 million dollars.

The Israel Securities Authority has issued a warning against Dmitry Osmolovsky. He is suspected of managing investment portfolios and offering trading services without a license.