News

Homebuyers took mortgages totaling NIS 8.4 billion in August, the Bank of Israel reports.

Yafit Attias has served as VP marketing for the past decade.

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

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

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

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

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.

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

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

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.

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.

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

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

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.

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

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.

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.

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

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.

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..

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

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

Azerbaijan is offering major tax incentives to startups that move operations to the country.

At the same time many foreign airlines are resuming flights to Israel this week.

The Netherlands Army has announced it will procure more than 200 medium-range anti-tank missile launchers for an investment of as much as €250 million.

Poria Financial Planning chairman Or Poria: We see the shekel strengthening in the long term.

War at home and abroad has boosted the share prices of defense companies traded on the Tel Aviv Stock Exchange.

SSI will focus on building a small highly trusted team of researchers and engineers in Palo Alto and Tel Aviv, company executives have told "Reuters."

Discussions are underway on reform of the real estate tax, which has become a bureaucratic monster.

Mizrahi Tefahot Bank chief economist Ronen Menachem: The hostage deal uncertainty and judicial reform talks also weaken the shekel but Smotrich's 2025 deficit plans could offset the depreciation.

In July 2024, the average wage in Israel was NIS 13,683, up 6.7% from July 2023, the Central Bureau of Statistics reports.

Norway's sovereign wealth fund is considering toughening the ethical criteria for its investments, and disinvesting from more global companies connected to Israel's war in Gaza, "Reuters" reports.

The new processors for personal computers, development of which was managed by an Israeli team in Haifa, incorporate an AI engine.

The layoffs, which were delayed because of the October 7 massacre, took place in January.

The government has already approved raising VAT to 18% from January 1, 2025 as part of a special budget that was passed after the start of the war.

Finance Minister Bezalel Smotrich aims to narrow the deficit with a freeze on public sector pay, pensions and allowances, and higher income tax for the lowest tax bracket.

The Israeli insurance and finance firm is offering to buy a 32% controlling core in the credit card company.

Avison Young Israel CEO Guy Amosi says companies prefer to wait and see before expanding office space but says there will be a boom after the war.

Discussions on the 2025 budget have resumed, but government sources question whether the minister of finance and the prime minister are in step.

Adv. Ephraim and Odelia Shpitalni own 60% of Gamla Harel, which Harel Insurance has offered to buy at a NIS 560 million valuation.

The group suspended flights to and from Israel after the the deadly rocket attack on Majdal Shams on July 27.