Globes

Dalia Energy will exercise its option to increase its stake in the Ashdod data center project to 50% earlier than expected. The investment in the construction of the complex and the substation has jumped from $1.5 billion to $4.5 billion, to which up to $7 billion may be added for servers and processors. The project is planned to reach a capacity of up to 250 megawatts, and the companies are...

A TAMA 38 project in Neot Afeka, Tel Aviv, faced significant delays, leading to the appointment of a receiver. In a landmark ruling, a judge allowed two families to cancel their contracts and recover their payments, setting a new precedent for the real estate industry.

Alice, formerly ActiveFence, has completed a funding round led by Apax Digital. Globes has learned that the round was conducted at a valuation of approximately $800 million. The company is approaching an annual recurring revenue (ARR) rate of $100 million, with a client list that includes Google, Anthropic, Nvidia, Meta, TikTok, and Amazon.

With a $719 million compensation hanging over the company, Judge Iris Lushi-Abudi granted Papaya Gaming's request to appoint a special manager, but ordered the debt settlement to be improved. The judge also sent a message to the plaintiff, Skillz, noting that it cannot categorically oppose any settlement, and announced that she expects to issue a 45-day stay of proceedings, subject to Skillz's...

Smart Shooter's operating profit dropped by approximately 70% in the second quarter to $238,000. The company attributed the rise in expenses partly to the strengthening of the shekel.

In the second quarter reports of the Tidhar Group, the company recognized expenses totaling 75.2 million shekels, including grants and bonuses to employees, following the IPO it carried out earlier this year. CEO Uri Levin also addressed the stagnation in the real estate market and said: "The demand today is lower than it was in the past for a long time, longer than we were used to in the past."

A major fintech deal: Nayax is acquiring smart parking company IPS Group for $350 million in cash. The transaction, partially financed through a $150 million debt raise, will expand Nayax's potential market by $85 billion. CEO Yair Nechmad: "We will offer cities a unified platform."

Keystone CEO Navot Bar stated that the Egged IPO is planned for 2027: "It is already in the works." The infrastructure company raised its 2030 equity target by 50% to 6 billion shekels.

Alongside strong financial reports, the insurance company Menora Mivtachim is the first to officially raise its targets. The company earned 785 million shekels in the second quarter with a return on equity of 34%, higher than other insurance companies. It projects assets under management of 750 billion shekels by 2030, a 73% jump compared to the end of last year, a similar jump in profit to 3...

Gardos, former head of the Budget Department at the Ministry of Finance, will join Shapir Engineering as a senior executive and will be appointed head of the Finance and Business Development Division. Yesterday, Shapir published its second-quarter reports, with revenues jumping by approximately 21% to about 1.7 billion shekels; a special improvement was recorded in the real estate sector.

The Tel Aviv Stock Exchange is launching an app that will display real-time securities prices and provide data on movements by investor type, including "smart money."

The oil and gas exploration partnership Navitas recorded a sharp jump in revenues in the second quarter of 2026, following the start of full production at its flagship project - the Shenandoah reservoir in the Gulf of Mexico. Net profit stood at $77 million, compared to a loss of $56 million in the same quarter last year.

Jump in net profit: Electra concludes the quarter with revenues of 4 billion shekels and a 60% jump in profit to 109 million. The growth was supported by a sharp increase in the infrastructure, real estate, and concession sectors in Israel, which offset the erosion in overseas operations. The company will distribute a dividend of 41 million shekels against the backdrop of winning mega-projects and...

Increase in core profits and growth in assets under management: Phoenix concludes the first half of 2026 with a total profit of 1.57 billion shekels and an increase in business targets. Excellence Trade crossed the 100,000 client threshold. The company will distribute a 400 million shekel dividend and increase its share buyback program.

Trading on the local stock exchange will open against the backdrop of global pressure in the chip sector. The Ministry of Finance's move failed and US bond yields are not falling - is there a fear of a recurring crisis? The trade war between the US and Canada is deteriorating to new heights. Also: the biotech sector is accelerating following Moderna's surge. Globes organizes the order ahead of the...

Globes provides a first update on the state of global markets. Morning: Wall Street futures are rising slightly after a mixed trading day; Asia is seeing a mixed trend, with KOSPI leading the declines. Trading in Tel Aviv is expected to open with a negative trend due to arbitrage gaps. Oil prices are climbing, and Bitcoin is nearing $80,000. Morgan Stanley warns: "We have entered an era of...

When Horizon Investment House CEO Itay Lipkovich looks at the drama in US bond yields, he sees an opportunity: "When the Treasury intervenes in the market, stocks rise." Why is he looking for bargains specifically in the bond companies the market fears? And also: the tech giant he is convinced will surprise in a big way.

The giant behind the popular language model is aiming for a $2 trillion valuation, potentially replacing SpaceX as the largest issuer. With high growth rates and reported operating profit, the market remains skeptical: is the company subsidizing user queries to undercut competitors?

Following a cold reception from institutional investors, the American real estate company Eagle Properties has cancelled its 500 million shekel bond issuance. The move leaves the offering's advisors and underwriters, including former Israeli Ambassador to the US Danny Ayalon, without their projected 10 million shekel fees.

Financial reports from REIT funds for the first half of 2026 reveal significant delays in the delivery of hundreds of apartments. This results in delayed occupancy and lost rental income, with several cases now heading to court.

Thanks to automatic deposits, market rallies and strong operating leverage, the five largest investment houses recorded a 52% jump in aggregate net profit to 651 million shekels. Meitav and IBI lead thanks to independent trading activities and services for the high-tech sector, while Altshuler Shaham remains far behind.

In an open conversation with investors, Fox Group CEO Harel Wizel spoke about the difficulties of the growth engines at Retailors and Jumbo, alongside the group's recovery in the second quarter of the year.

Only a year ago, the Accountant General moved the government's "Israel Bonds" issues from Ireland to Luxembourg, and now Israel will have to find another solution. The arguments for the move are apparently technical, but behind the scenes, political pressure was applied to "punish" Israel for its policy in the war.

The disruptions at Ben Gurion Airport sparked a debate on strike practice. How is a strike defined, and when is it legal? The 'Hamashrok' (The Whistle) from Globes explains the concepts.

On November 5, the Tel Aviv Stock Exchange will hold an index update, including the implementation of a tiered weighting factor for rising stocks. Discount Brokerage estimates: Damri will drop to TA-90, Doral is on the verge of entry, and Alpha Tau, Telsys, and Tidhar are on their way to TA-125.

Bank of Israel data reveals gaps in interest rates and mortgage tracks between the major banks. Experts explain why the average interest rate is misleading, how banks profit from each track, and what really determines the best deal for the customer.

The land lottery in Sde Dov was postponed due to fears of contamination, and soil tests have not yet been completed. The managers of 'Gush HaGadol' are asking to hold the lottery and not wait additional months for the results.

Despite the ongoing slowdown in the housing market, the average mortgage continues to climb, reaching 1.117 million shekels in July — the second-highest figure ever. About 43% of new mortgages were taken for properties worth 3 million shekels or more. Contractor loans also remained at a high level, with a volume of 1.6 billion shekels, but their share of total mortgages actually decreased.

Israir has completed the regulatory process required to operate regular flights to the USA. Ticket sales are expected to open soon, and it is possible that flights will begin even before the date planned for October. At the same time, Delta and United are preparing to return to Israel next month, and the market for flights to the USA is expected to grow significantly.

Memory chip manufacturer Sandisk has fired dozens of employees from its development center in Kfar Saba as it transfers key projects to India. The move has sparked resentment among staff, as it comes just months before the launch of an employee stock purchase program offering significant discounts.

Independent brands already account for 23% of revenue and show significantly higher profitability. The company continues to expand its acquisition portfolio.

Alongside a revenue increase of only 0.4% to 357 million shekels, Baladi recorded a sharp improvement in profitability margins and continues to advance its new logistics center project. Furthermore, the company approved an additional dividend distribution of 20 million shekels, following two distributions of 10 million shekels each earlier this year.

The real estate developer, which completed its IPO in Tel Aviv less than three months ago, showed an increase in the volume of apartments sold, which translated into a 4% growth in revenue, but unusual IPO expenses led to a sharp drop in profit. A decrease of almost one million shekels in the average apartment price.

The fashion giant is launching an IPO in Hong Kong at a valuation approximately 70% lower than its peak. The prospectus reveals a sharp slowdown in growth, a loss in the first quarter, rising costs, and a massive compensation for early investors.

The Tel Aviv Stock Exchange is expected to have a challenging opening this morning. Dual-listed chip stocks will weigh on the market. Earnings season: Navitas and Fox report today, insurance companies later this week. Morning in the world: declines in Asia, stability on Wall Street. Money is moving: the ETF signaling the great rotation on Wall Street. SanDisk among them: leading Wall Street...

Four years after raising $51 million in one of the largest seed rounds seen in Israel, the founders of Minimus (formerly Twistlock) decided to close the company and lay off its approximately 35 employees. After a change in strategy and unsuccessful attempts to find a buyer, the entrepreneurs took an unusual step: instead of continuing until the coffers were empty, they will return the...

The medical aesthetics company that joined the stock exchange in the 2021 IPO wave has, unlike most, become a profitable and growing cash generator. With a patented technology, a recurring revenue model, and global deployment, it has broken the streak of disappointments that the sector has yielded. Will it also overcome increasing competition and regulatory changes? Company analysis.

Over the weekend, reports of irregularities emerged in two new companies on the Tel Aviv Stock Exchange: Best and Tomer Mazon. While in one case the funds taken by owners were returned, in the other, the CFO's resignation serves as a significant warning sign.

Wix stock has more than doubled in value since its June low. Subsidiary Base44 and entrepreneur Maor Shlomo have become the main growth engine with an ARR of $200 million. Also: Is the AI comeback already fully priced in by Wall Street analysts?

The Ministry of Finance is promoting a series of tax measures in the automotive sector for the post-election period to address the state budget deficit. The regulations are expected to focus on alternative-propulsion vehicles, which are projected to significantly reduce state fuel tax revenues.