Globes

In a review published by J.P. Morgan, the bank's economists estimated that the elections in Israel could lead to a shift of up to 3% in the shekel in either direction. In a scenario of an opposition victory, to which the bank assigns a 55% probability, the shekel could strengthen by 2% to 3%.

Ending employment is sometimes accompanied by receiving a retirement grant or a large sum of money. Apparently, this is money subject to tax of up to 50%, but under certain conditions you can save tens of thousands of shekels net. This is how the "tax spreading" method works.

Palestinian workers are no longer here and the industry is far from recovering. Restaurateur Ilan Zagdon says in an interview with Globes that he promoted a plan with Finance Minister Smotrich that will bring thousands more foreign workers: "The best restaurateurs have become dishwashers." But not everyone is impressed: "It's a joke. It's not even a band-aid," says restaurateur Bernardo Belhovich.

The tool used by those with the greatest potential for damage. The WhatsApp message that created panic. And the smart securitization of LeBron James. A spotlight on several issues on the agenda.

Nvidia will lease up to 4 MW at the Serverz data center in Kfar Saba, a deal expected to generate 8 to 18 million shekels annually for the Rani Zim and Kardan-Geva partnership. The facility, currently operating at 20 MW, plans to scale to 200 MW amid a national shortage of data center space and grid connection freezes.

Concerns regarding soil contamination in the Sde Dov quarter continue to delay the distribution of rights among approximately 1,700 landowners in the 'Gush HaGadol'. Although the appraiser found no grounds to change the value coefficients at this stage, rights holders argue that the lottery must be postponed until pollution test results are available.

Competition for consumers, who often prefer to shop online or abroad, forces malls to change their mix. From padel courts on the roof to gaming complexes, with investments of tens of millions of shekels.

The Mehir LeMishtaken project in Be'er Sheva by A.Sh. Yagel has become insolvent and will not be completed on time. The company is facing debts of hundreds of millions of shekels and an internal shareholder dispute.

The construction materials and income-producing real estate company reported a drop of over 85% in profit during the quarter, following a decrease in revenues and an increase in transportation and management expenses. Simultaneously with the publication of the reports, Ackerstein announced the departure of CEO Amit Lang, less than a year after he was appointed to the position.

The Tel Aviv District Court criticized Meta regarding the 26 million shekel lawsuit filed by Bank Leumi, ordering the company to submit its response by September 2.

In the second quarter, Shufersal shows erosion in most key parameters, with a decline in revenue and net profit, which dropped by over 30%. Sales in same-store locations fell by 8.5% for the quarter.

David Zinsner, Intel's CFO, revealed that as part of the organizational change led by Lip-Bu Tan, the company has reduced its management layers from 12 to 6 and the number of vice presidents from approximately 450 to 200.

The Ramat Gan Municipality has published a tender for the sale of a plot in the Diamond Exchange District, with a minimum price of 32 million shekels. The Society for the Protection of Nature in Israel (SPNI) has filed a petition with the Supreme Court against the metropolitan recreation area plan in the Shefela region. Also: Donitz Brothers and Dan Real Estate have signed a memorandum of...

The hotel arm led Israel Canada to a half-year loss of 36 million shekels, despite a shift to profit in the second quarter. In the Rainbow project in Sde Dov, only 7 apartments were sold in the half-year, with a decrease in price per meter and a lowering of the profit forecast. The company presented the financing plan for the Acro deal and estimated that the exposure from the favorable payment...

Although Nvidia stopped separately disclosing the revenues of its Israeli communications division, data revealed in the investor call point to sales of about $17.5 billion in the second quarter. The activity, based on Mellanox technologies, continues to account for about 18% of the company's revenues and contribute significantly to the growth of the Israeli economy.

The real estate company controlled by Rami Ungar will acquire the high-tech entrepreneur's rights in a joint project in Ness Ziona by assuming a debt of about a quarter of a billion shekels and waiving a debt Landa owes it. Last year, Vitania wrote off 80 million shekels following the collapse of Landa's printing business.

The infrastructure fund Aluma plans to change its compensation model and seeks to extend the agreement with the management company, which expires in November. It is also expected to distribute dividends for the first time and launch a share buyback program.

Gil Topaz, co-CEO of Altshuler Shaham Credit, which provides financing to contractors stuck with unsold apartments, is not worried about deal cancellations: "These are speculators who make up no more than 15% of the market."

23-year-old Ofek Geva has worked from a young age in his family's confectionery in Ashkelon, and invested everything he saved at age 18 in the stock market. It ended in a painful loss. After studying the field during his military service, he returned to invest with clear rules: long holding period and high risk.

The oil and gas production company, controlled by Delek Group, is set to enter the FTSE 100 index in September. The inclusion is expected to generate demand for shares worth hundreds of millions of shekels.

Mehran Frozenfer is working to establish a "mini-division," including three new coordinators, which will lead to the weakening of the independent status of the deputies in the Budget Department.

Reports from residential developers for the second quarter of 2026 showed a moderate increase in sales compared to the same period last year, but current data from the summer months indicate that demand is fading again. Experts estimate that a significant trend shift may not arrive until 2027.

The moderation of inflation and the weakening of the US labor market are lowering the probability of a rate hike there in September. However, investors are still concerned and are pricing in the risk in long-term bonds. Now also in podcast version.

CEO Gil Agmon purchased company shares for approximately 148 million shekels, increasing his stake from 49% to 56%. The stock has fallen by 67% since its last peak.

The Tel Aviv District Court has appointed Adv. Gil Oren as the settlement manager for Papaya Gaming and granted a temporary stay of proceedings. The judge emphasized that the debt settlement plan for the $718 million liability must include owner contributions and potential investor involvement.

The Association of Investment Houses has appealed to the Capital Markets Authority and the Supervisor of Banks with a demand to re-examine pension distribution fees. The association claims: while management fees have plummeted, the bank commission has been stuck for two decades at a rate of 0.25% and prevents objective advice in default funds. CEO Nimrod Sapir: "The time has come to update the...

Barak Finance will invest about 49 million shekels and hold 49% in a new company with Av-Gad, which will take on 24 projects in the center of the country. Bank Hapoalim is investing about half a million shekels in establishing a community space, a cafe, and a workspace at Hermon Square in Kiryat Shmona. And Samsung will launch a web series in addition to a fashion campaign to promote its new...

Alongside a net profit of approximately 1.02 billion shekels in the second quarter, Harel CEO Nir Cohen chose to conclude the investor call with a different achievement. Cohen took pride in the fact that Harel is the only insurance and finance company to have entered the Globes brand index. "It is not just a matter of recognition, but to what extent the customer trusts and values the brand - this...

Tiv Taam is preparing for the possibility that it will be required to leave its existing branch at the Star Center in 2029, and has purchased land in Ashdod for 40.8 million shekels to establish a new branch. The move comes against the backdrop of an eviction lawsuit filed by the property owners that ended in a compromise, and concerns regarding religion and kashrut issues. At the same time, the...

The nursing and care company shows stagnation in operating profit, alongside a decline in the stock since the IPO. It reports the acquisition of a company in the home care sector for 72 million shekels, expects recent acquisitions to add 190 million shekels to revenue, and aims to expand into care for the homeless and autistic: "This is a division that will bring us to large turnovers."

Ashtrom Group reported second-quarter losses driven by high financing costs. The company detailed sales figures for major projects and outlined its forecast for a residential market rebound in 2027.

The Turkish Competition Authority has opened an investigation into the pharmaceutical company Teva on suspicion of taking steps to limit competition in the generic drug market, including through the strategic use of patent procedures and the presentation of allegedly misleading information to health authorities. The company stated: "This is a process concerning the Copaxone drug from the past, and...

Partner's revenue fell by 1.5% to 790 million shekels, but operating profit and EBITDA continued to grow. The company crossed the one million 5G subscriber mark for the first time, alongside an increase in internet and television subscribers. The company is awaiting a court ruling on its request to distribute a special dividend.

The company's revenue grew by approximately 10% to 210 million shekels, while retail activity drove improved profitability. A decrease in milk prices and the weakening of the euro contributed to cost reductions alongside continued expansion into new areas.

Trading in Tel Aviv will open this morning following yesterday's gains on Wall Street. Global markets are stable ahead of US inflation data and Nvidia's report. Discount Bank: Israel's interest rate is still too high. Harel: The Fed chair's speech expected on Friday will affect the whole world and us. Hapoalim: The Israeli chip stock that plummeted is an opportunity. Globes organizes the...

Insurance giant Harel reported a 30% increase in second-quarter profit, totaling 1 billion shekels. Growth was fueled by investment gains and a 68% surge in asset management and credit operations. The company is shifting to a quarterly dividend distribution policy.

In recent months, the Competition Authority has increased proactive inspections against official importers as part of a struggle to reduce harm to parallel imports. The move is based on an amendment to the law that came into effect about three years ago. At this stage, in the absence of data, it is unclear whether the enforcement is actually affecting price reductions.

The food sector was one of the hottest on the stock market this year with a wave of IPOs and even an industry index. However, in recent months the trend seems to have faded, sector stocks are plunging by tens of percent, and Globes has learned that the IPO planned for Kiso is being delayed again. Is the decline actually an investment opportunity?

A 30% cut in Qatar's annual budget may be just the beginning of the emirate's struggle with the fallout of the war. The country may reduce its global investments, including a half-trillion-dollar commitment to the USA, as well as cancel trade contracts due to "force majeure."

The Yuvalim Group has notified the stock exchange of a "demand letter" from Avishai Neria regarding alleged losses in joint ventures. Yuvalim dismissed the claims as baseless, attributing them to Neria's own financial difficulties.