MARKET

The Israeli pharmaceutical company today reported its plan to issue senior notes, denominated in euros and US dollars.

Israel’s foreign exchange reserves at the end of August 2026 stood at a record $241.641 billion.

One-way fares start at $800 while round trip fares are $1,600.

The improved offer will include structural changes that will secure Israel's access to key shipping lanes, including from Asia, and will enhance the protections provided under the Golden Share mechanism.

The stock fell 11.3% on Wall Street last week but analysts maintain positive recommendations.

Orna Zamir has stepped down as an independent director of Tomer Food, which supplies products to the Israeli army.

The antibody TEV ‘408 (anti-IL 15) was also tested as a treatment for the skin disease vitiligo, and there it also presented encouraging findings.

The Bank of Israel said that the Monetary Committee’s policy is focusing on price stability, support for economic activity, and stability of the markets.

The Israeli drone robotics technology company has completed its merger with US company JFB, formerly engaged in the construction industry.

Minister of Communications Shlomo Karhi has approved the transfer of the controlling shares of Hot Mobile from Altice to a consortium led by Delek Israel, Keystone Infra and Leumi Partners.

Lanir Group will allocate 20% of its shares at a company valuation of NIS 705 million, before money.

Orna Zamir is a director of Tomer Food, which has contracts with the IDF. IDF Spokesperson: The chief of staff does not deal and has not dealt with any aspect of the company.

The company sees the possible move as part of its expansion strategy, and not as a solution to any immediate need for cash.

Despite the fall, since the start of 2026, the company’s stock has risen 43.6%.

Tobie Harris, head of the Authority's Markets Department: Whoever possesses the market data can drive out the competition.

The building materials and real estate company's second quarter profit slumped by 86%, while CEO Amit Lang is stepping down after less than a year.

The company reported a 7.5% decline in second quarter revenue to NIS 3.4 billion, which it partly attributed to the timing of the Passover holiday.

The building, originally intended to house Landa's printing equipment company, which is under protection from creditors, is leased to Elbit Systems.

Since a low point in 2024, Ithaca's stock has jumped 181%, giving a market cap of £4.5 billion.

Harel Insurance Investments and Financial Services has reported a 30% rise in profit in the second quarter to NIS 1 billion.

Citi: In the absence of any urgency, we think a decision to leave rates unchanged is marginally more likely.

This is the biggest-ever acquisition by the Israeli cashless payment solutions company, which will raise $150 million in debt.

Despite the slowdown in Israel's housing market, the rate of mortgage loan taking has not fallen.

Phoenix Financial, the largest insurance company in Israel, posted a 48% rise in profit on asset management in the second quarter.

In an embarrassing setback for Israel, Luxembourg will no longer approve issuing Israel Bonds, and it remains unclear if Israel will be able to continue issuing them in the EU.

Otherwise the real estate company reported improved results from last year despite the weakness in the property market.

SanDisk has laid off dozens out of its 700-strong workforce at its Kfar Sava development center. Claims that this is to do with an impending ESPP program are seen as unlikely.

The Israeli airline is due to start flying the route on October 19, but may do so earlier.

The Israeli pharmaceutical company’s stock has risen 20% over the past month.

The advantage of InraGel's gel for treating cancer is that it can be injected and is biodegradable inside the body.

The move follows a request from the Bank of Israel, which asked the two banks to continue providing financial services to prevent an economic upheaval.