The Phoenix — Israel news coverage in English

Defense Firm Owner Sells Shares at Peak, Institutional Investors Lose Quarter Billion Shekels

Arit Industries' stock has fallen dramatically, causing institutional investors who bought shares from controlling shareholder Zvi Levi at the peak to lose an estimated 245 millio…

Economy18h ago

Eco Energy Connects UK Facility, Seeks Foreign Investment Amid Stock Slump

Eco Energy has connected a delayed UK energy storage facility to the grid, aiming to boost revenue forecasts after a significant stock price decline. The company is also seeking f…

Economy20h ago·2 outlets

Phoenix W Partners With Global Investment Giant Bernstein

Phoenix W, an Israeli wealth management firm, has formed a strategic partnership with Bernstein Private Wealth Management, a global investment company. The collaboration will offe…

Economy21h ago

Novolog Navigates Post-Crisis Recovery and Investor Potential

Israeli healthcare logistics company Novolog is undergoing a recovery and strategic shift after a major operational crisis in early 2025 caused by a new SAP system implementation…

Economy23h ago

Phoenix and Harel Insurance to Fund Preventive Surgeries for Long-Term Policyholders

Phoenix and Harel insurance companies will fund preventive surgeries for policyholders who purchased health insurance before 2016, following a Supreme Court settlement. The agreem…

Economy1d ago

Phoenix Insurance Invests ₪160 Million, Becomes Major Shareholder in Avissaror

Phoenix Insurance has invested 160 million shekels to become a major shareholder in Avissaror, acquiring a 6.24% stake. This follows a similar investment by Menora and Avissaror's…

Economy1d ago

Menora Insurance's Investment in Electra Real Estate Highlights Conflict of Interest

Menora Insurance's substantial investment in Electra Real Estate, despite the latter's financial struggles and a significant stock decline, has exposed potential conflicts of inte…

Economy1d ago

Phoenix and America Israel Sign $95 Million Deal for Tel Aviv Tower

Phoenix Group and America Israel have contracted Ashtrom Group for the construction of a NIS 370 million residential tower in Tel Aviv's "Moza" project. The project, expected to y…

Economy1d ago

Tel Aviv Penthouse Sells for $6.2 Million Amidst Market Slowdown

A luxury penthouse in Tel Aviv sold for 23.2 million shekels before its official marketing, highlighting the resilience of the high-end market amidst a broader slowdown. The deal…

Economy2d ago

Drivers in Israel Risk Losing Thousands Annually by Not Shopping for Car Insurance

Israeli drivers are losing thousands of shekels annually by not comparing car insurance quotes, despite a recent 18% price drop. Significant price discrepancies exist between insu…

Health3d ago·1 outlets

Phoenix Insurance Sued for Canceling Health Policy After Diagnosis

An Israeli woman is suing the Phoenix insurance company for allegedly canceling her health policy after she was diagnosed with a severe autoimmune skin disease. The company claims…

Security3d ago·2 outlets

CNN Report Links Jared Kushner's Investments to Israeli Defense Firms

A CNN investigation revealed that Jared Kushner's investment firm has profited from Israeli defense companies supplying the IDF, while he was involved in regional diplomacy. Kushn…

Politics4d ago·5 outlets

Kushner Firm Profited From Israeli Defense Investments During Gaza Negotiations

An investigation found that Jared Kushner's investment firm, Affinity Partners, profited significantly from Phoenix Holdings, which invests in Israeli defense companies, while Kus…

Security4d ago·4 outlets

Kushner's Gaza Role Scrutinized Over Defense Firm Investments

Jared Kushner's investment firm, Affinity Partners, has significant holdings in Phoenix Financial, which in turn has invested millions in Israeli defense companies supplying the I…

Sports4d ago2

EuroLeague Star Mike James Suffers Serious Injury, Evacuated in Tears

EuroLeague player Mike James suffered a serious, non-contact leg injury during a game and was stretchered off the court in tears. The incident has raised concerns about his future…

Security4d ago·2 outlets

Israel-Palestine Dispute Flares Over Stolen Cars and Insurance Claims

An Israeli insurance company is suing the Palestinian Authority for over 553 million shekels related to thousands of stolen cars, a claim the PA rejects, citing Israeli control ov…

Security4d ago

Health Ministry Faults Private Hospital After Patient Suffers Life-Threatening Complications

A Ministry of Health investigation found serious systemic failures at Medika Hospital in Afula after a liposuction patient suffered life-threatening intestinal injuries and requir…

Economy5d ago·2 outlets

Tel Aviv Stock Exchange Indexes Mask Divergent Company Performance

Major Israeli stock indexes show strong gains in 2026, but this performance is driven by a few large companies while many smaller firms have declined. This divergence reflects sec…

Economy5d ago

Migdal Insurance Enters Mortgage Market, Partnering With Jerusalem Bank

Migdal Insurance is entering the Israeli mortgage market through a partnership with Jerusalem Bank, offering up to 60% financing on investment properties and loans up to 40 years…

Economy6d ago

Ayalon Insurance Stock Soars on Profit Turnaround and New Growth Avenues

Ayalon Insurance's stock has surged over 1,260% due to a significant profit turnaround and strategic shifts under CEO Sharon Reich. The company has exited unprofitable ventures, f…

Economy6d ago

Former Phoenix Director Stella Cohen Launches New Investment Fund

Stella Cohen, instrumental in Phoenix's strategic success, has launched a new investment fund, David Group, with former Goldman Sachs partner Raanan Igus. The fund aims for a 20%…

Economy6d ago

Israeli Institutional Investors Slow Private Capital Investments Amid Market Shifts

Israeli institutional investors slowed their private capital investments in Q1, with Migdal and Phoenix leading in private holdings. New investment focuses include logistics and d…

Economy6d ago·3 outlets

Phoenix Brokers Buys AdvisorOS, Launches New AI Unit

Phoenix Brokers, an Israeli financial services firm, has acquired the AdvisorOS platform and appointed its founder, Adi Lev, to lead a new AI and innovation unit. The move aims to…

Economy6d ago·3 outlets

Yakir Gabay's Yellowstone Seeks $400 Million for US Real Estate Push

Yakir Gabay's US real estate firm Yellowstone is raising $300-$400 million at a $1 billion valuation to acquire and convert distressed US properties, primarily offices and hotels…

Economy7d ago

Phoenix Insurance Boosts Chip Sector Holdings by $800 Million

Phoenix Insurance has significantly increased its investment in Israeli chip equipment companies Nova and Camtek, adding approximately 3 billion shekels ($800 million USD) to its…

Economy7d ago

Electra Real Estate Takes Analysts to Florida Amid Stock Plunge

Electra Real Estate is taking analysts to Florida to showcase its projects amid a severe stock price drop, losing 75% of its value in four months. The company faces investor conce…

Security7d ago·2 outlets

Israel's Health Ministry Shuts Down Private Tel Aviv Hospital Over Patient Safety Concerns

Israel's Ministry of Health has shut down the private Medica Tel Aviv hospital due to serious patient safety violations, including nurses performing procedures beyond their scope…

Economy7d ago·2 outlets

Electra Real Estate Stock Plummets 75% Amidst Investor Losses

Electra Real Estate's stock has fallen 75% in four months, causing substantial losses for Israeli institutional investors. The company faces challenges including low fund returns…

Sports7d ago·2 outlets

NBA Writer Suggests Deni Avdija Would Be Perfect Alongside Luka Dončić

NBA journalist Nacho Losilla suggested Israeli player Deni Avdija would be a perfect "second star" alongside Luka Dončić on the Lakers, citing his skills and versatility. While ac…

Economy7d ago·2 outlets

Israeli Insurers Challenge Banks in Mortgage Market

Israeli insurance companies are entering the mortgage market, offering more flexible terms and longer repayment periods to compete with banks. They are targeting borrowers who may…

Economy7d ago

Real Estate Firm Beit V'Gag Expands Beyond Tel Aviv Amid Market Challenges

Real estate firm Beit V'Gag is expanding into Haifa and Netanya due to difficulties selling apartments in Tel Aviv, attributing the slowdown to market uncertainty and political fa…

Economy7d ago

Yigal Dery Faces Potential Ouster from Tel Aviv Stock Exchange's Top Index

Israeli construction magnate Yigal Dery's company is at risk of being removed from the Tel Aviv 35 Index due to its current market capitalization. The company's potential exclusio…

Economy8d ago

Metals Firm's Stock Soars Over 100%, Turning Chairman into Billionaire

Shmuel Shila, chairman of the metals company Scopus, has become a billionaire on paper as the company's stock price has surged over 100% in the past year. Strong financial results…

Economy8d ago

Altshuler Shaham Cancels Major Investment Deal Just Two Months After Signing

Altshuler Shaham has called off a deal to acquire 18% of Leader for NIS 160 million, just two months after signing. The decision stems from Altshuler Shaham's sale of its finance…

Economy10d ago·2 outlets

Harel Insurance Enters Mortgage Market, Challenging Banks with Higher Loan-to-Value Ratios

Harel Insurance has entered the Israeli mortgage market, offering higher loan-to-value ratios and longer repayment terms than banks, which are constrained by Bank of Israel regula…

Economy10d ago

Clal Insurance in Advanced Talks to Invest in Value Base

Clal Insurance Group is in advanced talks to invest approximately NIS 140 million for an 18-20% stake in the investment house Value Base, aiming to expand its financial services a…

Economy10d ago

Partner Telecom Repays Bondholders to Bypass Dividend Block

Partner Telecom is seeking court approval to distribute a NIS 500 million dividend by raising new debt, after bondholders blocked the payout. The company is preemptively repaying…

Economy11d ago

BYD, Sno, and Yotvata Ads Top Recall and Favorability Rankings

New advertising campaigns from BYD, Sno, and Yotvata have entered Israel's top recalled and favored ads. The Bank Leumi campaign leads recall, while the Phoenix Smart ad is the mo…

Economy11d ago

Phoenix Gama Raises Nearly 1 Billion Shekels in Commercial Paper Offering

Phoenix Gama, the credit arm of the Phoenix Group, raised approximately 500 million shekels from a commercial paper offering that saw demand reach nearly 1 billion shekels. The fu…

Sports11d ago·2 outlets

Hapoel Tel Aviv Star Amir Coffey Out With Injury Ahead of EuroLeague Opener

Hapoel Tel Aviv's new signing Amir Coffey will miss the start of the EuroLeague season due to a leg injury. The former NBA player is expected to be out for several weeks.

Economy11d ago·4 outlets

Israeli Insurers to Pay Over $80 Million in Late Payout Interest Settlements

Five Israeli insurance companies will pay over 310 million shekels to policyholders to settle class-action lawsuits regarding interest on delayed insurance payouts. The agreements…

Tech12d ago

Former Shin Bet Official Transforms Struggling Telecom Firm into Billion-Dollar Giant

Yossi Haber, a former Shin Bet official, has led IBC, a national fiber optic project, from near bankruptcy to a valuation of over $600 million USD. The company's success is attrib…

Economy12d ago

Carrefour Israel Overhauls Management Ahead of Stock Exchange Listing

Carrefour Israel is restructuring its management and ending a price reduction program ahead of its planned November IPO. The company aims to raise NIS 250-300 million, with signif…

Economy12d ago

Partner Telecom Moves to Distribute $130 Million Dividend After Buying Out Bondholders

Partner Communications is proceeding with a special dividend of NIS 500 million after redeeming bonds from Series H and Z to overcome opposition. The company will raise debt to fu…

Economy12d ago

Tel Aviv Stock Exchange Closes Lower Amid Financial Sector Declines

The Tel Aviv Stock Exchange closed lower, with financial stocks leading the decline. Atarاو surged on merger speculation, while Partner Communications announced bond redemption am…

Sports13d ago·2 outlets

Hapoel Be'er Sheva Signs Guard M.J. Walker from NBA G League

Hapoel Be'er Sheva-Dimona has officially signed American guard M.J. Walker from the NBA G League. Walker, who previously played for the Phoenix Suns, is expected to join the team…

Economy13d ago

Car Insurance Prices Plummet in Israel, Dropping Over 1,000 Shekels Annually

Car insurance prices in Israel saw an 8% drop in August, the steepest monthly decline since 1984, leading to average annual savings of over 1,000 shekels. Factors include regulato…

Security13d ago

Qatar Leverages Culture to Expand Global Influence, Study Finds

Qatar is strategically using its cultural and media investments to expand its global influence and promote its narratives, particularly anti-Israeli ones. This involves funding fi…