Globes

A new law will require certain businesses to record sales calls and keep them for up to two years, with the aim of fighting fraud and consumer exploitation. However, opponents of the move warn of a heavy economic burden that will be passed on to the consumer, exposing businesses to fines from the Privacy Protection Authority and a wave of civil lawsuits.

Following a recent court ruling that created uncertainty in the industry, the Ministry of Justice and the Urban Renewal Authority have published a framework that will allow real estate developers to offer tenants different compensation in Pinui-Binui and TAMA 38 projects. What do real estate experts think of the proposed framework?

According to the suspicion, a construction company owner from the center of the country deducted fictitious invoices through his company totaling approximately 26 million shekels, while offsetting input tax of about 4 million shekels. After being questioned by the Tax Authority, he was released under restrictive conditions.

The world press analyzes Israel's economic pressure on Hezbollah, the effectiveness of the US military campaign in Iran, and the diplomatic resonance of Colombia's recognition of Israeli sovereignty over the Golan Heights.

Liberman said that without universal conscription and an extension of service, income tax would have to rise by 16%. This number does exist in official opinions, but it describes something slightly different. The 'Whistle' from Globes.

The Norwegian sovereign wealth fund has cut the number of Israeli companies in its portfolio by more than half due to ethical considerations under heavy political pressure. Its semi-annual report reveals that the value of its assets in Israel has actually increased, driven by the significant rally in the local market over the past two years.

According to a CBS publication, 1.3 million Israelis left the country last July — the strongest figure since the start of the war. Meanwhile, the CBS business trends survey presents a complex picture regarding hotels in Israel: the net balance of Israeli overnight stays is positive, but the balance of tourist overnight stays remains negative.

The credit card company's net profit rose by approximately 4% to 104 million shekels, excluding the one-time payment received from El Al for transferring the FlyCard club to Isracard, which stood at 23 million shekels in the second quarter. In total, the overall compensation CAL expects to receive for the termination of the engagement with El Al stands at 75 million shekels.

America Israel enters into a partnership with Av-Gad in an urban renewal project in Ramat Gan. Hachshara Urban Renewal signed a 1.2 billion shekel financing agreement for a project in Kiryat Yam. The National Planning and Building Council approved two additional complexes in Haifa Bay. The Registrar of Contractors revoked the licenses of five contractors. Weekly real estate news.

Cellcom presented its strongest quarter in 11 years, with a 44% jump in net profit to 92 million shekels and a 26% increase in operating profit. The main improvement stemmed from a sharp increase in equipment sales and continued debt reduction, while service revenues continued to erode and the stock responded with a rise of about 5% in trading.

The company moved from a loss of $37 million to a profit after the refining margin jumped to $17.9 per barrel. Ukrainian attacks on oil refineries in Russia and the blocking of the Strait of Hormuz reduced the supply of fuel products and boosted profitability.

Bank Beinleumi finished the quarter with a net profit of 583 million shekels and a return on equity of 16%, against the backdrop of the special tax impact. At the same time, credit to the public jumped by 20% to 164 billion shekels, while credit portfolio quality indicators continued to improve and the ratio of problematic debts fell to 0.40%.

Trading in Tel Aviv will open against the backdrop of uncertainty surrounding the Strait of Hormuz. Morning in the world: positive trend in Asia and New York led by chip stocks. After yesterday's excellent report from Bank Hapoalim, record profits for Bank Leumi. Meitav: the corporate bond market is showing complacency and ignoring risks. US inflation will be released this afternoon. Investment...

With record profits, a 16.3% return on equity, and one of the world's best efficiency ratios, Bank Leumi continues to demonstrate strength despite the special tax imposed on the banking sector. Read on for the details.

Globes presents the first update on the state of global markets. This morning: positive trend in Asia and Wall Street futures led by chip stocks. CoreWeave and Super Micro surged in after-hours trading following reports. Investors are awaiting the CPI to be released this afternoon in the US.

$265 million will be invested in young companies at the seed and Series A stages, including in the fields of software infrastructure and artificial intelligence, and more than $100 million is intended for follow-on investments in portfolio companies. The new fund has already recorded its first exit with the sale of Koi Security to Palo Alto Networks for approximately $400 million.

Gilboa, owner of the cargo airline Challenge Airlines, acquired control of Gaon Holdings last year and admitted at the time: 'It's not even clear to me yet what I bought.' Since then, he has enjoyed a 220% surge in the infrastructure company's stock, which tripled its profits in 2025 thanks to operational improvements.

The Government Companies Authority has banned Zoom participation in in-person board meetings. Directors argue the move is overly restrictive for the hybrid era, while Authority head Roi Kahlon insists the step is necessary to curb abuses and ensure professional standards.

The soft drink giant recently decided to refresh its design with a font reminiscent of Marlboro, creating unnecessary friction and catching fire from consumers. A lesson for management on understanding the emotional side of the customer. 'The Human Algorithm', a new column.

An advanced training fund can reduce the mortgage and save on interest, remain invested, or serve as a basis for a loan. But before comparing interest to yield, one must understand what each option does to our debt and financial flexibility. And the most important question: is the apartment really within our budget?

Data from the Arlozorov-Yesodot Institute, a research body within the Histadrut, show that the reduction of customs duties on tuna was successful and lowered prices. However, this did not prevent it from publishing an opposite conclusion in the competing newspaper Calcalist. This is how the method of analytical bodies that try to fight opening the market to competition works - even when the...

The Ministry of Justice and the Urban Renewal Authority have published a framework that will allow real estate developers to offer tenants different compensation in Pinui-Binui and TAMA 38 projects. The document was written following a recent court ruling that created immense uncertainty in the industry.

The Knesset Foreign Affairs and Defense Committee has extended the secrecy order on EAPC until the end of the year amid arbitration with Iran. The Government Companies Authority, which is pushing for privatization, was excluded from the discussion. Critics argue that the lack of financial transparency turns the company into a "backyard" for the Ministry of Finance.

MAFAT has issued a call for proposals to detect drones operated via cellular networks. This new threat bypasses traditional jamming measures, offering a range of thousands of kilometers, but its reliance on civilian infrastructure may prove to be its Achilles' heel.

The international pharmaceutical company is appointing Maria Miller as CEO of the Israeli branch, after Ohad Goldberg, who held the position for the last eight years, was appointed CEO of the operations in South Korea. Burger Ranch is launching a new campaign created using artificial intelligence, with an investment of 3 million shekels.

Amir Alroy, one of the pioneers of wellness investing in Israel, explains how the concept of "longevity" is changing the world of health, points out the hot trends and those about to break out, and shares his golden recommendation for long life. "The Science of Longevity," a new column.

Investors were alarmed by a sharp drop in cash flow and a lowered conversion rate forecast. However, William Blair maintains that these are strategic investments to support future growth and reaffirms its "outperform" rating for the stock.

Just three months after the previous round, Globes has learned that the Israeli AI company has launched a massive round at double the valuation. Insight Partners is expected to lead the move and is looking for additional partners alongside it. In the background is a surge in revenue run rate, which is aimed at $100 million by the end of the year.

The Bybit exchange is suing North Korea in a Washington federal court, claiming that the Lazarus hacker group operates under the regime's sponsorship and stole half a million Ethereum coins worth $1.5 billion from it. The court ordered the freezing of assets, but most of the money has already been laundered and disappeared into the network.

The two largest defense stocks on the Tel Aviv Stock Exchange posted good financial results but plunged on the day of the report. The reason: when the valuation is twice the industry average, good results are not enough. "A high bar of expectations has been built around defense stocks."

The Asian restaurant chain, controlled by Rotem Tahan and Noam Gabay, has published an updated prospectus ahead of its share offering in Tel Aviv. The controlling shareholders will sell shares to the public for approximately 43 million shekels.

The tender won by Ondas is valued at millions of shekels. The program is part of a broader effort to advance the Ministry of Defense's tactical drone capabilities.

The company that developed a non-hormonal drug for treating hot flashes. The financial institution that began covering the biomed market. What remains of the cannabis company Tikun Olam. And the success of Israel's UroGen with a cancer treatment product. This week in biomed.

The American commercial real estate company owned by Allen Gross has approached bondholders with a request to defer the debt repayment date by three years. Following the request, bond prices (Series E) plummeted, reflecting "junk" yields.

Amot CEO Shimon Abudraham reports an increase in office market activity following the ceasefire, particularly in the Tel Aviv CBD, while noting that deals outside the city remain challenging. In the ToHa2 tower, contracts and advanced negotiations cover about 75% of the space. The company's NOI rose by 3%, and net profit climbed by 10% to 329 million shekels.

Investment bank Citi has issued a review of Bank Hapoalim's results, maintaining a "buy" recommendation with a target price of 88 shekels. Analysts estimate the bank will exceed its targets for the coming year, noting that excluding the special tax, the return on equity would have reached 16.4%.

World press headlines: Gulf states realize Iran is expected to gain control over Hormuz but prefer this to continued fighting; a new low in Israel-Spain relations; and the severe mental health crisis in Iran.

New York Mayor Zoran Mamdani's plan to implement a second home tax has been temporarily halted by a Staten Island court. The ruling follows a lawsuit from homeowners who received erroneous tax notifications from the city.

The flavor and fragrance manufacturer concluded the quarter with record revenue and profit, yet investors are wary of eroding operating margins. CEO Keren Cohen Hazon stated that the company has not yet fully realized synergies from recent acquisitions, which should improve operating profit in the coming quarters.

Amid the public debate surrounding speed cameras, many have speculated about a "secret police fund." In reality, the mechanism works differently. "HaMashrokik" explains.