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Economy09:05 · Aug 31

Israeli Firm Turbogen Begins Trading on Nasdaq

By עידן בנימין
Translated & summarized from TheMarker by baba
The story · English

Turbogen, an Israeli company, commenced trading on the Nasdaq stock exchange today. The article also notes a nearly 3% surge in oil prices, attributed to a US attack in the Persian Gulf. Separately, Enlight and Rapac Energy have finalized an electricity agreement valued at approximately half a billion shekels. In other business news, Harel Oz is departing from Direct Insurance after an eight-year tenure, during which the company's profits doubled, though its stock performance lagged. Ampa Capital is entering the mortgage market and has recruited a senior executive from Bank Hapoalim. The article also touches on autism in 2025, offering advice for parents, and discusses the potential interest of investors in the Polish stock market. A guide for Israeli investors on the S&P 500 index is mentioned, as is an explanation of how a bank index ETF operates and what to consider before investing. The piece also highlights six records for the dollar/shekel exchange rate over the past 30 years. Additionally, it reports on a lawsuit filed by 38 apartment buyers in Netanya who claim they were promised they would not have to complete their transactions. The article also includes a segment about guests of Omer Adam, featuring a Haredi businessman and a president suspected of receiving millions from him. Finally, it touches on the challenges of mathematics and computer studies, with one individual stating it was a waste of time and they learned nothing. It also mentions a heavily criticized airline in Israel and a popular app whose blockage reportedly ruined users' lives, alongside a mention of the mystery of disappearing socks in laundry.

Read the original at TheMarker
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