After Peru, Argentina mulls buying Israeli IWI rifles

Argentina's Ministry of Defense is considering replacing its aging Belgium FN FAL rifles with new Arad 7 assault rifles as Peru is already doing.

Recovery in housing sales continues

8,909 homes were sold in July 2024, up 29% from July 2023, according to the latest survey of the housing market by the Ministry of Finance chief economist.

Melisron buys Aviv Development stake for NIS 625m

This is the third real estate exit for Doron Aviv and his sister Dafna Harlev after selling Ocif to Arkady Gaydamak in 2007, and 50% of Aviv Development to Melisron in 2022 for NIS 845 million.

Court rules against Coca-Cola Israel in huge tax dispute

The Tel Aviv District Court ruled that Coca-Cola Israel must pay hundreds of millions of shekels tax on royalty payments it hid through creative tax planning.

SNC: Half of startups had investments canceled due to war

Startup Nation Central's report on the impact of the war on Israel's tech sector found resilience alongside low confidence in the government's efforts to tackle the situation.

Bioelectronic implantable device co Discure raises $16m

The Israeli company has developed a device for the treatment of degenerative disc diseaseõ

Study calls out BBC for anti-Israel bias

The in-depth study, sponsored by lawyer Trevor Asserson, finds the BBC's coverage of the war in Gaza to be in breach of its own guidelines.

Israel's budget chief warns on jump in interest rate costs

Budget Commissioner Yogev Gradus warned the Knesset Finance Committee that interest rate costs would skyrocket if budget restraints are not imposed.

Gov't report slams rooftop solar panels as too costly

A month after regulations made solar panels on newly built public buildings and houses mandatory, a National Economic Council study says this method of producing electricity is too expensive for the economy.

Nir Zuk's new Israeli bank delaying opening

With the public's attention focused on the war, now is not seen as a good time for the launch of a new consumer brand.

Shekel stable after week of heavy losses

Despite its current weakness, HSBC sees the shekel strengthening to NIS 3.6/$ by the end of the 2024 and Nis 3.4/$ by the end of 2025.

Brown Hotels seen as highly attractive despite woes

Burdened by debt and hard hit by the war, the chain seeks an investor, and the suitors are lining up.

Virgin Atlantic to resume Israel flights ahead of holidays

With its regular connections between London and New York, Virgin Atlantic will be hoping to capture market share from El Al, which has a monopoly on direct flights between Tel Aviv and New York.

Mortgage taking remained high in August

Homebuyers took mortgages totaling NIS 8.4 billion in August, the Bank of Israel reports.

Rami Levy appoints daughter Yafit as co-CEO

Yafit Attias has served as VP marketing for the past decade.

Photonic quantum computer co Quantum Source raises $50m

Former Prime Minister Naftali Bennett is a member of the Israeli company's board of directors.