News

The Iranian-backed Houthis may be targeting Israeli shipping but they could wreak havoc with Egypt's economy as ships avoid the Suez Canal.

Market expert Dr. Ron Eichel doesn't expect a post-war boom, but sees a comeback for real estate.

Knesset Finance Committee discussions were halted after Likud MK Eliyahu Revivo threatened to vote against the budget changes, unless coalition funds are cut further.

Fortissimo has signed an MOU with Discount Investment to buy its 35.6% stake in telco Cellcom at a company valuation of NIS 2.6 billion.

Mine, which develops B2B and B2C solutions in the field of data privacy, and governance, has 150 customers including Reddit, HelloFresh SE, Fender, Guesty, Snappy, and Data.ai.

Elbit Systems, IAI, and Rafael all improved their positions in the Stockholm International Peace Research Institute revenue ranking for 2022.

Tesla Israel will lose its management autonomy and be controlled from Europe.

Tel Aviv Stock Exchange EVP head of trade Yaniv Pagot: The researchers did not realize that TASE shares are quoted in agorot not shekels.

The tech giant has refused to issue a statement calling for the release of its AWS engineer Sasha Troufanov.

The acquisition, the first by Wiz, is estimated to be in the tens of millions of dollars. Wiz CEO Assaf Rappaport: Acquiring Rafft will assist in our efforts to promote secured development in the cloud.

In October 2023, after the outbreak of the war, the average salary in Israel was NIS 12,488, 5.9% higher than in October 2022, the Central Bureau of Statistics reports.

Finance Ministry officials told the Knesset Finance Committee that tax revenues were falling even before the outbreak of war.

Despite excess supply and falling demand, property owners are reluctant to lower prices.

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

A selection of recent real estate deals in Israel including in Holon, Modi'in, Caesarea, Zichron Yaakov, Yokneam Illit and Beesheva.

Israel has called on residents of the southern Gaza Strip city to evacuate to safe areas.

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.

What are "coalition funds"? Are the numbers big or small? Are haredi teachers underpaid? "Globes" provides some answers.

GrayMatters received US FDA approval for marketing its technology in March and after the start of the Israel-Hamas war received approval in Israel.

The two vessels diverted are owned by Udi Angel and Idan Ofer's XT Group.

Tel Aviv has fallen to eighth place in The Economist Intelligence Unit's (EIU) Worldwide Cost of Living rankings for 2023.

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.

53 two-room apartments averaging 49 square meters in size at an average price of NIS 3.297 million have been bought in Midtown Jerusalem.

Rafael has unveiled Sky Sonic to tackle Iranian hypersonic missiles, but the Ministry of Defense does not see this as a realistic threat.

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.

Saudi Arabia has proposed cooperation and investment in Iran if it stops its regional proxies from turning the Israel-Hamas war into a wider conflict, "Bloomberg" reports.

The OECD forecasts only 1.5% GDP growth in Israel in 2024 but a strong recovery in 2025.

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.

Local objections to the project are liable to cause delay in construction of the northern section, and possibly outright cancellation.

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.

Touring a devastated kibbutz and meeting Israeli leaders, Elon Musk helped the Israeli narrative, but the business motives were just beneath the surface - and there was nary a word about anti-Semitic posts.

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.

Benny Gantz and the other National Unity minsters voted against the new budget, which includes an additional NIS 30 billion to cover war related expenditure.

Another 11 Israeli hostages are being released today completing the 50 hostages promised during the four-day pause in fighting.

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.

Judah Levine of Freightos: Ships are sailing around Africa to avoid attack by Houthi terrorists.

The billionaire businessman was accompanied to Kfar Aza by Prime Minister Benjamin Netanyahu.

Benny Gantz's National Unity party will try to fight against the coalition funds still in the budget in the Knesset by persuading Likud rebels to oppose it.

In response to Benny Gantz's threat to vote against the revised 2023 budget, Benjamin Netanyahu claims that the dispute is over just 1% of the budget total.

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

According to Minister of Communications Shlomo Karhi, Elon Musk's satellite Internet network Starlink will only operate in Israel and Gaza with his ministry's approval.