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13 September 2024

Urban renewal project in Kiryat Ono credit: Hilit Yanai-Levision Foreign residents gradually returning to Israel's housing market

Jerusalem remains most popular but "Globes" finds some surprising cities attracting Jewish communities abroad, who are forming groups to buy homes together in Israel.

13/09/2024 11:16 Real estate Anat Daniely Lev

12 September 2024

Smotrich asks Histadrut to save him billions, but offers gesture

In a meeting with Histadrut chair Arnon Bar-David on the state budget, the minister of finance proposed closing superfluous government ministries.

12/09/2024 20:31 Economy Oren Dori
Court penalizes taxi driver who cheated tourists

Eyal Siman-Tov admitted charging exorbitant fares, and lying about the value of coins and bills.

12/09/2024 18:11 Tourism Nitsan Shafir
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.

12/09/2024 14:18 Real estate Anat Daniely Lev
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.

12/09/2024 11:34 Real estate Hezi Sternlicht
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.

12/09/2024 10:43 Legal Ela Levi-Weinrib
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.

12/09/2024 07:16 Start ups Meytal Vaizberg

11 September 2024

Bioelectronic implantable device co Discure raises $16m

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

11/09/2024 18:01 Healthcare Globes correspondent
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.

11/09/2024 16:49 Economy Idan Eretz
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.

11/09/2024 14:32 Financial services Assaf Gilead
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.

11/09/2024 13:01 Market Globes correspondent
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.

10 September 2024

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.

10/09/2024 21:31 Tourism Stav Livne
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.

10/09/2024 16:02 Retailing Shira Sapir
Photonic quantum computer co Quantum Source raises $50m

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

10/09/2024 14:41 Start ups Meytal Vaizberg
Airstrikes in Syria hit weapons development facilities

Syria's CERS develops and produces advanced weaponry used by Hezbollah, under the guise of pure scientific research.

Israeli VC funds undergoing major slowdown

The IVC - Gornitzky - KPMG Investors Report found a dramatic fall in the funds raised and activities of investors in the first half of 2024.

10/09/2024 13:08 Start ups Meytal Vaizberg
Police agent exposes massive smuggling at Ashdod Port

Dozens of importers and customs agents were arrested this morning at the end of a four-and-a-half year covert investigation.

10/09/2024 11:43 Legal Ela Levi-Weinrib

09 September 2024

Michakashvilis to pay NIS 540m to keep iconic Tel Aviv buildings

The winning bid to the receiver, after a dispute with other parts of the family, beat bids from car importer George Horesh and other leading Israeli real estate businesspeople.

09/09/2024 19:14 Real estate Assaf Gilead
Tower to build fab in India? "Easier said than done"

Oppenheimer Israel senior analyst Sergey Vastchenok: It’s not like China, where the Party gives an order and everyone comes into line.

09/09/2024 16:28 IT Shiri Habib-Valdhorn
Mobileye to shut down lidar R&D hitting 100 jobs

The Israeli company believes that lidar technology has become less essential for the future of the company's 'eyes off' systems.

09/09/2024 16:05 IT Meytal Vaizberg
New towers to transform Ramat Gan skyline

The Tel Aviv District Planning and Building Committee will today discuss four of Ramat Gan's biggest new plans, in which 600 apartments in 42 old buildings will be demolished and replaced by nine towers with 1,900 new apartments.

09/09/2024 15:17 Real estate Arik Mirovsky
Israel's fiscal deficit climbs again

The deficit for the twelve months to the end of August reached 8.3% of GDP, drifting further away from the government's 6.6% target for 2024.

09/09/2024 13:27 Economy Oren Dori
Bank One Zero suspends expansion to Italy

The company is also laying off 20 employees, because of the war and the consequent economic uncertainty.

09/09/2024 13:09 Financial services Assaf Gilead
Foreign resident buys Rothschild 10 apartment for NIS 47m

The 320 square meter apartment is on the 34th floor of the 44-floor Tel Aviv tower, which will include a Six Senses hotel.

09/09/2024 11:57 Real estate Arik Mirovsky
Levin defies court order on new Supreme Court president

Minister of Justice Yariv Levin insists the High Court of Justice order to convene the Judicial Selection Committee to appoint a new Supreme Court president is illegal.

09/09/2024 11:06 Legal Nitsan Shafir

08 September 2024

Israel's forex reserves hit record high in August

The increase was mainly the result of a revaluation that increased the reserves by about $4.243 billion, the Bank of Israel reports.

08/09/2024 17:14 Market Globes correspondent
AG opposes PM choosing Civil Service Commissioner

Israel's Attorney General Gali Baharav Miara has made it clear to the High Court of Justice that the decision to change the way in which the Civil Service Commissioner is chosen is illegal.

08/09/2024 16:39 Legal N12
Mobileye hits record low as Intel mulls selling stake

The Israeli company's share price fell sharply on Friday after reports that Intel is considering options for selling part of its 88% stake in order to ease its liquidity problems.

08/09/2024 13:58 IT Shiri Habib-Valdhorn
Apartments sold and rented

A selection of recent real estate deals in Israel in Holon, Beit Dagan, Ra'anana, Modi'in, Zikhron Yaakov and Tirat Hacarmel.

Abolishing NIS 200 bill could net Treasury NIS 22b

Israel's Ministry of Finance has received a radical proposal from former senior officials and businesspeople to tackle black capital and tax evasion, and narrow the fiscal deficit.

08/09/2024 13:18 Economy Idan Eretz
Gilad Erdan expected to be next IAI chair

Former ambassador to the UN Erdan is believed to be the candidate favored by Minister of Defense Yoav Gallant to head the state-owned aerospace company..

06 September 2024

Tower teams with Adani on $10b Indian chip plant

Deputy chief minister of Maharashtra Devendra Fadnavis says the plant will eventually produce 80,000 wafers annually.

06/09/2024 12:09 IT Globes correspondent
Salesforce buys Israeli data protection co Own for $1.9b

Own has developed a platform that provides companies with backup to protect against the loss of essential data.

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