08 June 2026
Israeli AI efficiency co PointFive raises $60m
PointFive has developed a platform that identifies root-cause waste across cloud infrastructure, data platforms, and AI workloads, then routes automated recommendations to engineers to fix the situation.
Wizz Air cancels Israel flights
Some foreign airlines have canceled flights to and from Israel, although at this stage there have been no aggressive longer-term cancellations.
Hailo lays off 50% of workforce
Delek Automotive Systems has announced it will write off most of its investment, which was worth NIS 197 million at the end of March 2026, in financially-troubled Hailo.
Almadev cuts valuation to complete offering
Almadev, formerly Elad Canada and now owned by Canadian company Rester Management, raised NIS 340 million after compromising on its valuation with the financial institutions.
Israel and Iran exchange blows
Iran fired two salvoes of missiles at Israel overnight, while the Israel Air Force struck what it described as military targets in Iran.
04 June 2026
Barkat brothers put Meitav up for sale
JP Morgan has been asked to find a buyer for the Israeli investment house. Meitav founder Zvi Stepak: The Stepak family has no intention of selling its shares.
01 June 2026
ZIM appoints Chen Lichtenstein CEO
The appointment comes against the background of the $4.2 billion sale of ZIM to Hapag-Lloyd and FIMI Opportunity Funds. Lichtenstein will replace Eli Glickman on July 1.
Treasury seen raising 2026 growth forecast
In a third revision, the Ministry of Finance now sees Israel's economy growing by 4% this year, although this is still well below its forecast before hostilities began with Iran and Hezbollah.