Globes

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?

Although it often flies under the radar, local government is one of the most important players in the education system. Municipalities spend thousands of shekels on every student, but they are less active when they need to understand exactly where the money is going. And also: how did it happen that a small and surprising city took first place in the ranking of investment in education?

A prenuptial agreement that left the husband without rights to two apartments was canceled after the court determined it was signed while exploiting his distress. The Civil Aviation Authority was ordered to compensate a pilot who was fired without a hearing. In a dispute over a shared access path in Safed, it was determined that the neighbors are allowed to cancel the right of passage, but must...

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.

OpenAI announced it will stop providing Cursor with access to its models on November 12, citing past contract violations by Elon Musk's companies. Cursor co-founder Michael Truell stated that negotiations are ongoing and emphasized that OpenAI models account for only about 5% of the platform's usage.

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.

The IDF is reinforcing forces ahead of the holidays against the backdrop of an increase in nationalist crime. An additional division has been placed on "jump alert" due to fears of escalation.

Behind closed doors, Wall Street’s fears about artificial intelligence are reaching new heights. In a camp that brings together top industry executives and financial leaders, the picture emerges: participants are skeptical about AI, yet they continue to invest in it.

Globes has learned that the mega-deal to sell Israeli air defense systems to Greece for approximately $3.6 billion is expected to be signed on Monday. The approval of this defense contract will mark one of the largest achievements in the history of the Ministry of Defense.

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.

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 Ministry of Transport is expected to soon publish new guidelines for vehicle importers and garages, against the backdrop of rising cyber threats and concerns over the information that smart vehicles transmit to servers abroad. Simultaneously, vehicle importers are preparing for another wave of electric models from China, including premium models from Voyah, Denza, XPENG, and Zeekr. Also...

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.

World press headlines: The Iranian UAV that "changed the face of modern warfare" relies on components from China and costs only about $20,000; in Germany, they are examining the production of parts for the Iron Dome at a Volkswagen plant that is in danger of closing; and in the US, the British organization Palestine Action has been declared a terrorist organization. Globes presents a daily short...

Following last week's chaos and forecasts of over 100,000 daily passengers, operations at Ben Gurion Airport are relatively calm today. The last 24 hours have seen an improvement in flight departure and arrival times.

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.

Turkey has signed a $2.4 million contract with the lobbying firm Ballard Partners, which is close to President Donald Trump. The goal: to promote its return to the F-35 aircraft program, from which it was expelled following the purchase of Russian S-400 defense systems. Ankara is now considering selling the systems to a third country to remove the obstacle to the deal.

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.

Israeli and US strikes have failed to stop the momentum of defense production in Iran, which claims to have even tripled the rate. Meanwhile, Taiwan is increasing defense spending in the face of the Chinese threat, and Switzerland fears being left without air defense in a world where demand for defense systems is only growing.

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.

After a long period of delays, the interconnector project to connect Israel's electricity grid to Cyprus and Greece — and from there to Europe — has received the support of the USA and France. It is still unclear how Turkey, which opposes the move, will react, and it seems that Greece, which has avoided confrontation until now, will no longer remain silent.