Globes

The new agreement introduces fixed salary additions recognized for pension purposes, non-absence incentives, and excellence grants for eligible staff. The Ministry of Defense Director General stated that the ministry is transitioning to a stable and modern model, replacing fragile premiums with solid, pension-protected salary components.

The chip manufacturer officially announces the acquisition of Hugging Face, one of the world's most important platforms for the distribution and development of artificial intelligence models. The company promises that it will remain open to models and hardware from competitors as well.

A new study by the State Comptroller casts doubt on the assertion that Israel is one of the most expensive countries in the world. Among other things, the researchers found that the international price index pointed to Israel's disadvantage in the field of food prices, even though the OECD recorded an increase 3 times higher.

Financial failures were recently discovered in a series of new companies on the stock exchange - right under the noses of the gatekeepers. Now, the Securities Authority is launching an extensive audit focusing on the work of the board of directors and, in particular, on the way directors are classified as having "accounting and financial expertise". A market source: "When you appoint a director...

Major General (res.) Amikam Norkin has been chosen to lead the local operations of the defense-tech giant, and is expected to deepen work with the defense establishment and Israeli industries. At the same time, Globes has learned that the company is conducting a massive fundraising round: its scope has reached about $10 billion to date, and it has not yet closed.

Itzik Oz, Chairman of Phoenix Agencies, plans to acquire a 7% stake in the investment house Pasternak-Shoham as part of its upcoming IPO. The offering is planned for later this month at a valuation of 280 million shekels.

The income-producing real estate company G City has removed the approval of a special compensation package for incoming CEO Keren Khalifa from its shareholders' meeting agenda following opposition from institutional investors. Market sources previously cited this move as a factor in the collapse of the deal to sell G City to Tzahi Abu.

The Ministry of Communications has given the green light for the sale of the mobile operator Hot Mobile to Delek Israel, Keystone, and Leumi Partners, after the Competition Authority approved the deal earlier this month. The deal values Hot Mobile at approximately 1.2 billion shekels.

Lanir Group plans to raise 176 million shekels despite reporting losses and an equity deficit. Proceeds from the offering will be used, among other things, to repay loans provided by 22 private individuals.

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.

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.

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.

The TA-35 index is down by about 0.6%. A nightly exchange of blows between the US and Iran, along with increased expectations for an interest rate hike on Wall Street, are weighing on markets. Oil prices are climbing, complicating the Bank of Israel's upcoming interest rate decision.

Globes presents an update on the state of global markets. Monday morning: escalation between the USA and Iran shifts sentiment after a month of relative calm. On Wall Street, bets on a near-term interest rate hike are rising, while stock exchanges in Tokyo and Seoul are losing over 1%.

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?

Ohad Elkabets, in charge of teaching staff at the Treasury's Wage Department, will lead the negotiations on the wage agreement with the teachers' unions. In an interview with Globes, he explains why canceling school on Fridays is necessary to reduce the burden on teachers, warns against a wage spiral in the economy, and expresses reservations about transferring employment to local authorities. He...

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.

Huge, well-equipped, and cheap vehicles with electric and hybrid drives are conquering the Israeli market. But behind the attractive price, which is often subsidized for competitive reasons, hide significant potential costs in spare parts and maintenance - from giant tires to expensive sensors.

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."

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.

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.

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.

Warren Buffett celebrates his 96th birthday while remaining Chairman of Berkshire Hathaway after passing the CEO role to Greg Abel. We analyzed the company's performance over the past year, portfolio changes, and the legendary investor's ongoing role in key decision-making.

Partners, a company offering office services to independent lawyers that recently encountered difficulties, received the green light from Sela Capital to be released from its lease agreement. Partners will vacate floors 34-35 in the HaArba'a Towers in Tel Aviv by tomorrow and will continue to operate in a reduced format in the Museum Towers.

Rafael concludes a strong quarter with a 39% jump in new orders to 6.9 billion shekels and 20% growth in sales to 5.6 billion shekels. More than 60% of orders in the first half came from exports, and against the backdrop of the strengthening shekel, CEO Yoav Turgeman warns of damage to profitability and competitiveness: "State intervention is required."

Revolution's stock soared after the US Food and Drug Administration (FDA) approved its revolutionary drug. Will the drug reach Israel, how much will it cost, what will insurance companies do, and what competing products are on the market? Here are the answers.

Limited housing supply clashes with high salaries in the AI industry: "Fine, we'll pay $10,000".

The court ruled that at this stage, the lottery for the distribution of rights between landowners in Sde Dov should not be promoted, after some of the rights holders requested to wait until the extent of soil contamination is clarified. Meanwhile, Adam Teva V'Din opposes the dismissal of the petition regarding soil contamination in Sde Dov, despite the Supreme Court's recommendation.

In Globes' weekly column, we checked what happened to prominent Israeli stocks on Wall Street at the end of the week. Reports beat expectations but the forecast cut: the reason for SentinelOne's fall. The veteran director at eToro cashed out millions in shares - and the analysts who continue to believe. And also: Amdocs stock jumped 26% from the bottom: is it a "bargain" that will continue to fly?

An extension order signed last week increases convalescence pay for private sector employees by 8%. Those who have already received their 2026 payment may be entitled to a retroactive adjustment.

Warren Buffett, celebrating his birthday today, remains involved in investment decisions despite stepping down as CEO of Berkshire Hathaway earlier this year. Here is what has changed and how the market is responding.

In recent years, another issue has entered the picture when examining a merger deal: who holds the customer data. A prominent example is the merger between Sugat and the data provider StoreNext, which fell through due to concerns that access to the information would harm competition. Tobi Harris, head of the Markets Department at the Competition Authority, explains in an interview with Globes why...

Financial stocks in Tel Aviv have soared by hundreds of percent over the last three years, and now investors are facing a dilemma: has the rally exhausted itself or is this just the beginning? Globes presents the investor's guide to the financial rally: is it worth investing in a bank, insurance company, or investment house stock, and where else are there opportunities?

The highest deal in the city for a second-hand apartment since the beginning of the year: a 4-room duplex on Naomi Street in Ramat HaSharon was sold at a price reflecting about 35–36 thousand shekels per square meter. The neighborhood is characterized by a gap between old and new apartments.

Ishai Rot, CEO of Shoval Engineering Group, explains why the company prefers projects in Yokneam, Acre, and Haifa and stays away from Tel Aviv, why they acquired a construction company, and what has happened to the stock since the IPO on the local stock exchange.

A gradual collapse in South Korea's KOSPI index wiped out $2.5 trillion in market value and left investors who bet on the AI boom with heavy losses.

A 6-room garden apartment, with a built-up area of 180 sqm and a 70 sqm yard, was sold for 4.1 million shekels. "The neighborhood is very sought-after, and while in the rest of the town there are price drops, in this neighborhood they have even risen." And more real estate deals from the last week.

Since the beginning of the year, Aura has sold 436 apartment units, and this month another 284 purchase requests were signed as part of the "Hever" campaign. Owner and CEO Yaakov Atarchi: "I think it is attractive to take a mortgage now, and in a weak market, you can get a better price."

In the second quarter, Camtek saw net profit growth driven by financial income despite an erosion in operating margins. CEO Yaakov Herschman highlighted concerns regarding the impact of the US-China trade war on the company's client base.

Four years after stepping down, Ofer Greenberger has returned as CEO of the Israeli division of Applied Materials, a company described by the New York Times as one of the "most important in the world." With revenue forecasts exceeding $10 billion, Greenberger highlights the pride of local production in Rehovot.