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Security15:02 · 1h ago

Israel Faces Water Shortages as Storms Shut Down Desalination Plants

TheMarker
Translated & summarized from TheMarker by baba
The story · English

Five out of six of Israel's desalination plants have been shut down due to severe weather conditions at sea, leading to concerns about water supply. Despite the lack of an official directive from the Water Authority, the Givatayim municipality has urged the public to reduce water consumption.

The disruptions come as Israel grapples with the ongoing economic impact of the war, which has already cost hundreds of billions. While the economy has not yet collapsed, the duration of this resilience remains uncertain.

In other news, Gilat is raising $100 million in convertible bonds, though its stock has fallen 4%. A rare apartment opposite the Western Wall is on the market for 50 million shekels, with the owner deciding to sell at the age of 91. There are also reports concerning the wife of the IDF Chief of Staff, a company in trouble, and millions of shekels from the IDF. Additionally, parents are advised on what to know about autism in 2025, and an investment in Poland's stock market is discussed. The article also touches on the S&P 500 index for Israeli investors, an ETF on the banking index, and historical dollar-to-shekel exchange rates. Finally, it mentions a lawsuit by 38 apartment buyers in Netanya claiming they were promised they wouldn't have to complete their deals, and a discussion about a widely used app that, when blocked, caused significant disruption to Israelis' lives.

Read the original at TheMarker
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