MARKET

The profits of the company, still controlled by Kibbutz Yizre'el, have drained away, but analysts see the pool half full.

This is the latest blow to the solar energy technology company's stock, after  a profit warning for the third quarter and weak guidance for the fourth.

El Al CEO Dina Ben-Tal Ganancia: We quickly adapted ourselves to emergency mode and made sure to maintain a stable and active flight schedule while taking care of passengers' safety and security.

Nestlé says the trial results did not meet the full minimal terms set in the licensing agreement.

The company reports it has signed 120 contracts for apartments in Tel Aviv's Sde Dov worth an overall NIS 931 million out of the 480 apartments it is building.

Net profit in the third quarter was NIS 455 million, down 2.6% from NIS 467 million in the corresponding quarter last year.

The three justice Israel Supreme Court panel dismissed Chevron and Delek unit NewMed Energy's petition for a share in the offshore gas field.

Bank Leumi posted a profit of NIS 1.77 billion for the third quarter, despite a very high provision for credit losses.

The banks see mortgage lending totaling NIS 5-5.5 billion this month and next, assuming that the war does not escalate.

Discount Investment holds a 36% controlling stake in the Israeli telecom company.

The Swiss bank sees the Israeli pharmaceutical company transitioning to a more brand-focused company.

The company has developed a platform enabling businesses to build a spend management solution.

The Israeli company ended the third quarter, before the war, with an increase of $500 million in its backlog of orders to $16.6 billion.

Analysts expect five Bank of Israel interest rate cuts in 2024.

The Israeli shipping line says that as a result of these measures, longer transit times in the relevant ZIM services are anticipated.

The bank reported a profit of NIS 1.1 billion for the third quarter, after a NIS 694 million provision for credit losses.

The Israeli government is paying Fattal NIS 410 per night per adult and NIS 205 per night per child to host evacuees.

Electra Consumer Products food retail sector saw losses of NIS 7 million in the third quarter of 2023, compared with NIS 51 million before the stores were converted to Carrefour.

The Bank of Israel said that monetary policy could focus more on supporting economic activity if the markets remain stable and inflation continues to moderate.

The bank made a provision for credit losses almost six times higher than in the third quarter of 2022.

Group Psagot has notified the TASe that it is in preliminary talks to sell Psagot Investment House for NIS 320-340 million.

Delek reported net profit of NIS 423 million after a net loss of NIS 404 million in the corresponding quarter of 2022.

Haj-Yehia, until recently chairperson of Bank Leumi, is joining AI-based digital insurance company Lemonade's board.

A previous deal with US company Bioventus fell through. Israeli company CartiHeal has developed an implant for treating cartilage and joint surface lesions in the knee.

More Provident Funds chief investment officer Ori Keren says the investment house has rebalanced its portfolio towards Israel.

Despite the war, the shekel is trading at levels not seen since early August, due to a combination of domestic and global factors.

The request to the Tel Aviv District Court reveals that the company has run up heavy debts of NIS 2.7 billion.

Israel Money Laundering and Terror Financing Prohibition Authority head Ilit Ostrovitch Levi tells "Globes" that to defeat terrorist organizations, their economic oxygen must be cut off.

The bank has raised its assessment of risk in the construction and real estate sector, and says prices are falling faster than official figures indicate.

The Israeli currency has gained 8% against the US dollar since the start of November and 5% against the euro.

If the shekel continues its impressive appreciation, some analysts see the Bank of Israel cutting the interest rate on November 27.