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Calcalist

Hebrew business and technology daily of the Yedioth Ahronoth Group. We translate its reports into English and compare them with 43 other newsrooms.

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Group in the coverage barOther outletsOutside the five groups of the coverage bar.
OwnerYedioth Ahronoth GroupCommercial advertising
Language and baseHebrew · Tel AvivFounded 2008

The last 30 days

958reports translated
70%first to report
158 mintypical time behind the first report
100%carry a named author
1%opinion and analysis

Why not a score? These are rates we can recompute. A single number would hide whether a newsroom is slow, unnamed, or mostly reprints. How we measure

How Calcalist writes

Calcalist's tone this month is neutral. On the United States, Netanyahu, the IDF, the Shin Bet and the Bank of Israel its wording is in step with the other newsrooms.

From 961 reports this month, judged without the newsroom's name. How this is measured
Economy · 2h agoMandatory Interest on Checking Accounts Could Harm Vulnerable ConsumersIsraeli households hold billions in non-interest-bearing checking accounts, prompting debate over mandatory bank interest payments. While proponents argue for fairness, critics warn that forcing banks to pay interest could harm competition and increase credit costs for vulnerable consumers. Data shows a small percentage of customers hold the vast majority of these funds, suggesting they would be the primary beneficiaries of any mandated interest, while borrowers might face higher loan rates.Culture · 2h agoIsraeli 'Ketav Club' Celebrates Decade of Word BattlesThe Israeli "Ketav Club," a spoken word competition founded by Michal Tzur and Yael Biagon-Citron, is celebrating its tenth anniversary. Participants battle with opposing words for seven minutes, with the audience deciding the winner. The club, which started as an underground event, has grown into a respected cultural institution with sold-out shows. A special election-themed event will precede the main anniversary celebration on December 16th.Politics · 2h agoImmigrant Voters Could Sway Israeli Election ResultsImmigrants from the former Soviet Union represent a significant and potentially decisive voting bloc in Israel's upcoming elections. Despite their numbers, their representation in the Knesset has declined. Recent immigrants, particularly those arriving since 2022, show a more liberal and undecided voting pattern compared to older immigrant groups. While right-wing identification is lower among recent arrivals, their actual voting intentions and turnout remain a key factor that could influence the election outcome.Politics · 2h agoIsrael to Miss International Exams Following Education Minister's OrderEducation Minister Yoav Kisch's directive to halt cooperation with the National Institute for Testing and Evaluation in Education (NITE) will prevent Israel's participation in international TIMSS exams. The decision also impacts 40 national tests and surveys and the integration of a specific education network into Tnu'fa tests. NITE's Director General has sought an expedited legal review of the minister's actions, which occurred during an election period. The Ministry of Education claims the move addresses NITE's failures, not political interference, and that international testing will continue under supervision.Security · 2h agoIsraeli Real Estate Figures Linked to Hadassah's Cyprus VentureAn investigation revealed Israeli businessmen Eli Israeli and David Alster are leading the Hadassah Healthcare Park project in Nicosia, Cyprus, contradicting Hadassah Medical Center's claims of only providing professional consultation. Public records show Israeli and Alster as directors of the developing company, Osopil Ltd. Israeli government ministries have requested Hadassah's business plan for the Cyprus venture and details on its financial exposure from international operations, including a $30 million guarantee for its Moscow center.Economy · 2h agoUS Investment Giants State Street, First Trust Eye Israeli ETF MarketUS investment firms State Street and First Trust are set to enter Israel's ETF market, increasing competition for foreign players like BlackRock and Invesco. Invesco's representative, Shi Yona, noted that 75% of foreign ETF activity comes from private investors and highlighted the benefits of lower fees and tax advantages. Local fund managers claim the competition is unfair, but Yona believes the shift towards foreign ETFs is already underway, with over 20 billion shekels having moved to these funds.Security · 2h agoPFAS Contamination Spreads to Previously Unsuspected Areas at Tel Aviv's Sde Dov SitePFAS chemical contamination has been discovered in previously unsuspected areas at Tel Aviv's Sde Dov site, according to soil surveys. The Ministry of Environmental Protection confirmed the findings and ordered expanded testing, though questions remain about construction on the contaminated land. The site is planned for a new neighborhood with thousands of housing units, some of which have already been sold and are under construction. Environmental experts are calling for the entire site to be declared contaminated and for a national approach to address the issue.Economy · 3h agoBillionaire Bill Ackman Discusses Israel, Politics, and AI InvestmentsBillionaire investor Bill Ackman clarified his stance on Israeli politics after remarks about his wife's voting intentions, stating he is not an expert but believes Prime Minister Netanyahu has done well. Ackman, who has become more vocal on political and economic issues, expressed concerns about socialist policies in the US and praised Israel's potential in the AI sector. He has invested nearly $100 million in Israel and is planning significant donations to Israeli universities, while also establishing a medical innovation institute inspired by Sheba Medical Center.Economy · 3h ago · also in 1 newsroomCellcom in Talks to Acquire Control of iDigital Parent CompanyCellcom is in preliminary talks to acquire control of Icon Group, the parent company of the iDigital retail chain, from the Sky investment fund. Icon Group, a major distributor and retailer of Apple products, reported a significant profit increase in early 2026. This potential acquisition marks a strategic shift for Cellcom towards growth and expansion, leveraging its existing strong position in device sales through its Dynamica chain. The deal's completion is subject to regulatory approval.General · 11h ago · also in 21 newsroomsIsrael Switches to Winter Time Overnight, Affecting Sleep and Daily SchedulesIsrael is switching to winter time overnight on October 25th, moving clocks back one hour and gaining an extra hour of sleep. This annual change, governed by law, affects daily schedules and biological rhythms due to altered daylight hours. While most smartphones update automatically, manual adjustments may be needed for some. The debate over year-round daylight saving time continues, with international trends showing a move away from seasonal clock changes.Security · 12h ago · also in 1 newsroomFlydubai Passengers Select Law Firm for Multi-Million Dollar LawsuitPassengers from a Flydubai flight have selected the law firm Nashitz Brandes Amir to represent them in lawsuits against the airline and Israeli authorities. The claims, expected to reach hundreds of millions of dollars, are related to an incident on September 29th where a co-pilot attacked the pilot. Passengers intervened to stabilize the flight and land it in Saudi Arabia before returning to Israel.Economy · 14h ago · also in 14 newsroomsBank of Israel Rejects Netanyahu's Crypto Sanctions Bypass IdeaBank of Israel stated Saturday that cryptocurrencies cannot bypass sanctions, contradicting Prime Minister Benjamin Netanyahu's recent remarks. Netanyahu had suggested exploring digital currencies as an alternative economic strategy amid fears of Western sanctions. The Israeli high-tech industry and economists strongly criticized Netanyahu's proposal, warning it could isolate Israel and harm its economy.Security · 15h agoIsrael Faces Economic Sanctions Threat, Crypto Plan Deemed UnfeasibleIsrael's Ministry of Defense sanctioned Lebanese firm Coral Oil for supplying fuel to Hezbollah. Prime Minister Benjamin Netanyahu proposed a plan to counter global sanctions by adopting cryptocurrency, a move the article deems impractical for major Israeli industries and defense procurement. The author criticizes this plan as a risky gamble with Israel's economic future, potentially linked to unchecked Jewish terrorism in the territories.Economy · 15h ago · also in 3 newsroomsNetanyahu's 'Bypass Economy' Vision Sparks Fierce DebatePrime Minister Benjamin Netanyahu's proposal for Israel to prepare for a "bypass economy" using blockchain and digital currencies to counter potential sanctions has sparked strong reactions. While Netanyahu and his advisors suggest this is a serious consideration based on global political shifts, the high-tech and finance industries have vehemently opposed the idea. Critics warn that such a move would isolate Israel, destroy its modern economy, lead to mass unemployment, and cripple the crucial high-tech sector, comparing it to the economic models of Iran and North Korea.Economy · 16h agoNetanyahu's Policies Threaten Israel's Economic Stability, Experts WarnPrime Minister Benjamin Netanyahu has raised concerns about potential banking sanctions and the need for an "alternative economy." An analysis suggests that Israel's economic stability, despite populist policies, has relied on three key buffers: its high-tech export sector, domestic institutional investors, and the Bank of Israel. However, recent political instability has exposed vulnerabilities in these buffers, which are integrated into the Western financial system, potentially undermining Israel's economic resilience.Security · 17h agoIsrael Denies Falklands Stance Shift Amidst Navitas Business ConcernsIsrael has denied reports of changing its stance on the Falkland Islands' sovereignty, a dispute between the UK and Argentina. The discussion impacts Israeli firm Navitas, which operates an oil field there and faces Argentine pressure. While Argentina claims the islands, Israel's Foreign Ministry stated no policy change has occurred. The Sea Lion oil field is estimated to contain over 800 million barrels of oil, with commercial production expected by 2028.Politics · 21h ago · also in 18 newsroomsNetanyahu Orders Support for Argentina in Falklands DisputePrime Minister Benjamin Netanyahu has directed Israel to support Argentina's claim to the Falkland Islands in its dispute with the United Kingdom. This shift in policy reportedly stems from personal ties with Argentine President Javier Milei and a response to British sanctions on West Bank settlements. The dispute also involves the significant Sea Lion oil field, where Israeli company Navitas has faced opposition from Argentina.Economy · 22h agoIsraeli Tech Sector Rejects Netanyahu's Crypto Economy ProposalIsrael's high-tech sector has vehemently opposed Prime Minister Benjamin Netanyahu's proposal to consider a cryptocurrency-based economy as a response to potential Western sanctions. Industry leaders warned this would lead to the destruction of the vital tech sector, which depends on international trade. Netanyahu had previously expressed concerns about banking sanctions and mentioned exploring alternative economies, including digital currencies.Security · 1d agoUS Air Force Bans BYD Cars From Okinawa Base Amid Security ConcernsThe U.S. Air Force has banned BYD electric cars from its base in Okinawa, Japan, due to security concerns and suspected ties to China's military industries. This follows a report of Chinese rental cars recording troop movements during a Norwegian military exercise. The U.S. has blacklisted BYD, similar to other Chinese tech firms. In Israel, Chinese cars hold a significant market share, and the IDF previously banned them from its bases.Economy · 1d ago · also in 1 newsroomNetanyahu's Vision of Blockchain Against Sanctions Threatens Israeli EconomyPrime Minister Benjamin Netanyahu's remarks about potentially losing U.S. military aid and using blockchain to bypass sanctions signal a dire economic future for Israel. The U.S. is reportedly less willing to provide the annual $3.8 billion in military aid, and a failure to renew the agreement could cost the IDF over 11 billion shekels yearly. Netanyahu's suggestion of using blockchain to circumvent potential Western sanctions is seen as a dangerous fantasy that could lead to isolation and economic collapse, deterring foreign investment and harming the nation's GDP and standard of living.Culture · 1d agoRare Israeli 1960 One Agura Coin Sells for Over $33,000A rare 1960 Israeli one agura coin, a trial version, sold for over $33,000 including fees at an Ira & Larry Goldberg auction. Only about ten such coins exist, featuring a specific grain count on ears of wheat. This price is a significant increase from its value of around $6,000 twenty years ago. The coin is distinct from more common 1960 one agura coins, which are valued much lower.Security · 1d ago · also in 16 newsroomsTwo Israeli Soldiers Killed in West Bank Shooting Attack Near HebronTwo Israeli soldiers, Sergeant Major Ron Yonatan Reitman and Sergeant Yuval Shai Suilam, were killed in a shooting attack near Hebron. Three other soldiers sustained light injuries. Two Palestinian assailants opened fire on the soldiers for over 20 minutes before being neutralized. Investigators are examining the attackers' motives and potential links to external groups, with a large amount of ammunition found in their vehicle. The wounded soldiers were evacuated to Jerusalem hospitals.Tech · 1d agoShamir Energy Enters Israel's Data Center MarketShamir Energy is entering Israel's data center market by securing a ten-year option for land in the Kenneret Industrial Park to build a 100-megawatt facility. The company plans to address the significant electricity demand by potentially constructing an independent power station or energy storage facility. This move comes amid a severe electricity shortage for data centers in Israel, with demand far outstripping available grid capacity. Shamir Energy's entry, as an energy company rather than a traditional real estate developer, could signal a broader shift in the sector.Politics · 2d agoIsraeli Election Oddities: From Weather to Voter Fraud and Viral MomentsIsraeli elections have a history of unique occurrences, from voting day customs to weather impacts and alleged fraud. Tuesday voting is the norm, unlike Sunday or Saturday in other countries. Past elections saw record turnouts despite severe weather, while concerns about voter fraud have led to measures like camera deployment. Memorable moments include misquoted election night predictions and viral political videos, alongside unexpected party successes and pandemic-era adaptations for voting.Economy · 2d agoDollar Weakens Slightly Against Shekel Amid Global StrengthThe Israeli shekel slightly weakened against the U.S. dollar, trading above 3.10 shekels, despite a global dollar strengthening. This occurred after Wall Street's sharp decline and a surge in oil prices, leading investors to safe-haven U.S. Treasury bonds. The Bank of Israel recently kept its interest rate unchanged at 3.25%, with inflation, energy prices, and exchange rate fluctuations remaining key concerns.Economy · 2d agoFIMI Fund Advances to Acquire Control of Pool Robot Maker MaytronicsFIMI Fund has submitted an offer to acquire a 50% stake in Maytronics, a pool robot manufacturer from Kibbutz Yizrael, for NIS 200 million. The deal values the company at NIS 200 million, significantly down from its 2021 peak valuation of NIS 9.1 billion. Maytronics has granted FIMI exclusive negotiation rights for 60 days, with the transaction subject to shareholder approval. The kibbutz, which previously held shares worth NIS 17 million per member, now sees those holdings valued at NIS 300,000 each.Economy · 2d agoTel Aviv Stock Exchange Ends Week With Losses Amid Global Tech Sell-OffThe Tel Aviv Stock Exchange closed the week with losses, with the TA-35 index down 1% and the TA-125 index down 0.8%. Tower Semiconductor fell 5%, while Meitronics surged nearly 16% on a takeover offer from FIMI. Shamir Energy announced plans to build a 100-megawatt data center. Global tech stock declines, driven by AI spending concerns, impacted the Israeli market.Economy · 2d agoHow New Cars Arrive in Israel: From Ship to RoadNew cars imported into Israel arrive via the country's ports, undergoing a process from ship to road. The import procedure involves unloading vehicles, with some reportedly arriving damaged. The article details the import process, reasons for damage, and transport methods within Israeli ports.Politics · 2d agoCoalition Funds Swell Due to Partner Identity, Not Party CountThe Netanyahu government has committed significantly more in coalition funds (0.94% of the budget) compared to the previous "Change Government" (0.22%), driven by the identity of essential coalition partners rather than their number. Allocations to Haredi institutions, particularly yeshivas, constitute the largest share, with a shift towards discretionary grants. The post-October 7th war period saw protected funding for certain sectors, while transparency has decreased as coalition funds are increasingly hidden within broader budget items.Security · 2d ago · also in 9 newsroomsTwo Critically Wounded in Terror Attack Near Hebron; Large Cache of Ammunition FoundTwo Palestinian terrorists were killed and five Israelis were wounded, two critically, in a shooting attack near Hebron on Friday. The terrorists, one linked to Hamas, were neutralized by IDF soldiers who responded quickly, preventing a potentially larger attack. A significant amount of ammunition was discovered in the attackers' vehicle. The IDF Chief of Staff approved increased security measures around Hebron and reinforced troop presence in the area.Economy · 2d agoDalia Energy Seeks International Arbitration Against Leviathan PartnersDalia Energy has filed for international arbitration in London against NewMed Energy and Ratio, partners in the Leviathan gas field, to enforce a $6.7 billion gas supply deal. The partners had canceled the agreement, citing unmet conditions, but Dalia seeks to uphold it for its new power plants. The arbitration is expected to take at least a year, and the outcome could affect Dalia's future energy costs.Security · 2d agoAir Combat Victories Depend on More Than Just Superior AircraftAir combat victories are determined by a combination of factors beyond technical superiority, including initiative, location, timing, numbers, mission objectives, and the human element. Historical examples show older aircraft defeating newer ones due to strategic advantages and pilot skill. The article emphasizes that a well-prepared military system, emphasizing intelligence, training, and human factors, is crucial for success in aerial engagements.Security · 2d agoWomen Battle Glass Ceiling in Israel's Booming Cyber IndustryWomen in Israel's cybersecurity industry face significant challenges, particularly in leadership roles, despite the sector's innovative image. Co-founder of WIZ, Assaf Rappaport, highlighted the difficulties, which are echoed by female leaders like Shahhar Bahat and Inbal Argov. While progress is being made, with increasing female representation in military cyber units and some companies actively promoting women, statistics show a persistent gender gap in management and executive positions. Efforts are underway through organizations and military initiatives to encourage more women to enter and advance in the field.Economy · 2d agoIsraeli Growth Companies Learn to Navigate Global MarketsScaleUp House, a program for Israeli growth companies, held a speed-dating event in Tel Aviv where startup CEOs met with mentors. The initiative, a collaboration between Calcalist, Bank Leumi, and Showcase IL, aims to help companies become international corporations. Participants discussed challenges and the importance of fostering local big-tech growth. The program seeks to guide companies toward global expansion.Economy · 2d ago · also in 1 newsroomDavid Moshevitz, Former Elite Co-CEO and Grandson of Founder, Dies at 80David Moshevitz, former co-CEO of Elite and grandson of its founder, has died at age 80. He served the company for nearly five decades, including 20 years as co-CEO with Avi Filozof. Moshevitz was a key figure in Elite's growth and later its merger with Strauss. He considered Elite his life's work and an integral part of Israeli identity.Economy · 2d agoSecurities Authority Chief Warns Against Institutional ConcentrationAsaf Singer, Chairman of the Israel Securities Authority, warned that the increasing concentration of power among institutional investors is not fostering competition. He expressed concern over financial conglomerates and potential conflicts of interest. The remarks highlight ongoing tensions between the ISA and the Capital Markets Authority, particularly regarding a proposed arbitrage reform and institutional activism. Singer suggested a re-examination of the financial regulatory structure, including the potential merger of the two authorities.Tech · 2d agoIsraeli AI Firm Two Delta Raises Tens of Millions From Top InvestorsIsraeli AI startup Two Delta has raised tens of millions of dollars from investors including Bill Ackman and Eric Schmidt. The company's technology, DCOCO, reportedly doubles the throughput of AI models by improving efficiency. Two Delta's research also indicates current AI agents struggle to maintain application integrity over time as complexity increases.Security · 2d ago · also in 1 newsroomSun D'Or Postpones Marrakech Flights Amid Security ConcernsIsraeli airline Sun D'Or has postponed its new route to Marrakech, Morocco, originally set to launch November 16. The decision, announced by parent company El Al, cancels flights until December 15 due to security concerns. Other Israeli airlines, Arkia and Israir, have also suspended or canceled flights to the city, citing security agency demands and updated directives following a recent aircraft hijacking attempt.Economy · 2d ago · also in 3 newsroomsIsraeli Firm Fireblocks Denies Sale to Visa for $2.5 BillionIsraeli digital asset firm Fireblocks has denied reports of an impending $2.5 billion acquisition by U.S. payments company Visa. The company stated the rumors were "new to us and not accurate at this time." This potential sale price is significantly lower than Fireblocks' $8 billion valuation from January 2022. Founded in 2017, Fireblocks provides infrastructure for managing and transferring digital assets for financial institutions.General · 2d ago · also in 2 newsroomsBillionaire Investor Bill Ackman Visits Israel, Cites Wife's Desire to VoteInvestor Bill Ackman visited Israel with his wife, Neri Oxman, so she could vote, expressing optimism about Israel's economy and talent pool. He praised Prime Minister Netanyahu's wartime leadership and voiced concerns about socialist trends in the US. Ackman also discussed his work on a new AI-driven brain research institute, inspired by his daughter's recovery from a brain hemorrhage.Economy · 2d ago · also in 1 newsroomFinanciers Warn of "World Order Change" After Israeli Supreme Court Ruling on HomebuyersFinanciers and a property receiver have asked Israel's Supreme Court for an additional hearing on a ruling that grants homebuyers compensation for delayed apartment deliveries in distressed projects. They argue the decision undermines the financial accompaniment mechanism in construction, potentially increasing credit costs and hindering project completion. The Banking Association of Israel intends to join the case as an amicus curiae. Experts warn the ruling could lead to higher apartment prices due to increased financing expenses.Economy · 2d ago · also in 1 newsroomSheba Sells Innovation Arm ARC to Redesign HealthThe deal will transfer management of ARC's global network and rights to establish new innovation centers to Redesign Health, while ARC continues to operate existing centers and retain portfolio stakes. This merger aims to leverage Sheba's clinical expertise with Redesign Health's business development capabilities to accelerate healthcare innovation. Prof. Yitzhak Kreiss highlighted Sheba's commitment to innovation as a driver of economic growth and resilience.Tech · 2d ago · also in 1 newsroomIsraeli Cyber Firm Modelio Raises $17 Million for Confidential CloudIsraeli cybersecurity firm Modelio has raised approximately $17 million in a funding round led by OlivTree to advance its confidential cloud platform. The company's technology allows organizations to use cloud and AI services while retaining control over sensitive data and encryption keys. Founded in 2024 by individuals with defense and tech backgrounds, Modelio aims to provide cryptographic proof of data protection, even when processed by third-party clouds or AI systems.Economy · 2d agoBusiness Figure Joins Race to Acquire Control of CalA business figure has entered the competition to acquire control of the Israeli airline Cal. Their identity is featured in the latest economic trivia quiz from Calcalist newspaper. The quiz, number 47, was published on October 26, 2023, and tests readers' knowledge of financial topics.Economy · 2d agoCommercial Floor in Ultra-Orthodox Housing Project Sold for $9.5 MillionThree ultra-Orthodox businessmen have purchased a 1,200 square meter commercial floor in Beit Shemesh for NIS 35 million. The space is part of the ICON residential project, developed by Sofrin Holdings and Sun Rise, and is expected to open in January 2028. The high price reflects the prime location and potential revenue, with the Arbelich family managing the commercial spaces. So far, 14 residential units in the project have been sold for approximately NIS 48 million.Politics · 2d agoIsraeli Election Promises Lack Cost Estimates, Hiding True Policy ChoicesIsraeli political parties are making numerous economic promises during election campaigns without providing clear cost estimates, making it difficult for voters to assess their feasibility. Despite Israel's high cost of living and rising national debt, platforms often lack financial details, unlike in countries like the Netherlands or the UK where independent bodies analyze party proposals. Economist Inbal Roebs argues for a systematic mechanism to cost these promises, enabling informed public decision-making and accountability.Tech · 2d agoLogistics Firms Must Embrace Technology, Not Just Tangible AssetsLogistics companies must integrate technological advancements like AI to improve efficiency, moving beyond a reliance on physical assets, according to Amos Dayi, CEO of Gold Bond Contrem. While AI is increasingly used in business processes, its application in core logistics operations like cargo handling is crucial for optimizing resource use and reducing costs. Proactive issue resolution through AI can prevent delays and improve customer service, though human oversight remains essential for safety and accountability.Tech · 2d agoIsraeli Academia Faces Urgent AI Integration ChallengeIsraeli universities are failing to adequately prepare students for the AI-driven job market, with a significant majority of students using AI tools daily but receiving little institutional guidance. A recent survey found only 28% of students feel prepared for AI in the workforce, and over 40% fear post-graduation employment. Experts urge academic institutions to develop comprehensive plans for AI integration in teaching and assessment, drawing on international models to balance innovation with academic standards. The National Union of Students' chairwoman, Sivan Koren, emphasizes the need for institutions to provide clear policies, staff training, and adapted evaluation methods to equip future professionals with necessary critical thinking skills.Culture · 2d agoIsrael's Top 5 Meat Sandwiches: From Pastrami to Pulled Short RibMeat sandwiches are a growing trend in Israel, with establishments offering creative takes on the classic dish. Five notable spots include B12 in Tel Aviv for its diverse menu, MOB Deli for its New York-style pastrami and Reuben, and Zorba in Netanya for its 17-hour slow-cooked short rib sandwich. EatMeat in Tel Aviv offers entrecôte on a challah roll, while Joseph at If HaDerech mall provides a unique combination of brisket and smoked goose for travelers.Economy · 2d ago · also in 17 newsroomsEgg Prices to Rise in Israel Amidst Broader Food Cost IncreasesEgg prices in Israel will rise by 2.1% on November 1st due to increased production costs. This follows a previous 1% increase and a larger 16% jump in 2023. The price hike is part of a broader trend of rising food costs, including flour for bakeries, which is expected to impact bread and pastry prices.Politics · 2d agoCourt Overturns Petah Tikva Decision to Privatize Public Parking LotA district court in central Israel has canceled a Petah Tikva Municipality decision that reserved a public parking lot for a sports center and nursing home. The court cited a lack of proper administrative procedure, documentation, and justification for the decision. While the cancellation is effective immediately, its implementation is delayed until December 21, 2026, allowing the municipality to re-evaluate the parking arrangements through a lawful process. The municipality and sports center were ordered to pay legal costs.Economy · 2d agoBi-Cure Laser Maker Reaches $750,000 Settlement in LawsuitErika Carmel-Tech, maker of Bi-Cure Laser devices, has agreed to a NIS 2.9 million settlement in a lawsuit involving its controlling shareholder, Michael Shluser. The settlement, pending court approval, includes no admission of guilt and will be paid by the company's insurer. The lawsuit alleged Shluser acted against the company's interests, leading to financial damages and governance issues. Erika Carmel-Tech has seen its market value plummet by 95% since its 2021 IPO and has faced regulatory actions regarding financial reporting and product certifications.Economy · 2d agoIsraeli Cars Drive More Miles Annually, With Leasing and Electric Vehicles LeadingTotal vehicle mileage in Israel rose 2.6% to 69.3 billion kilometers last year, with private cars making up 80.5%. Leasing company cars averaged 22,600 km, while electric vehicles were driven 21,300 km annually. Hybrid taxis surpassed diesel taxis for the first time, and newer vehicles were driven more miles.Economy · 2d agoIsraeli Startups Seek Global Scale Through Expert ConnectionsThe ScaleUp House program, co-led by Calcalist and Showcase IL, launched an event in Tel Aviv to connect 25 selected startups with investors and experts. The initiative aims to help these companies achieve global scale by fostering crucial industry connections. Speakers emphasized the evolving investment landscape, the need for unique competitive advantages, and the challenges Israeli startups face in international markets. The program prioritizes networking and strategic partnerships over immediate funding.Security · 2d ago · also in 3 newsroomsBank Leumi CEO Rallies Public Against Facebook's Alleged Profit from ScamsBank Leumi CEO Hanan Friedman is leading a public campaign against Meta (Facebook), accusing the social media giant of profiting from fraudulent ads that impersonate individuals and financial institutions, causing significant financial harm to Israelis. The bank filed a NIS 26.6 million lawsuit against Meta in August and is now encouraging other victims to join their legal battle. Friedman argues that Meta intentionally allows these scams to continue because they generate substantial advertising revenue, calling it a deliberate business strategy rather than an oversight. The bank seeks stricter verification measures and pre-screening of ads from Meta.Economy · 2d ago · also in 4 newsroomsRani Zim Buys Back Stake in Shopping Center FirmRani Zim is increasing his stake in Rani Zim Shopping Centers by buying up to 15% of the company's shares from the Haggag group. The initial purchase of 7.5% is for 75 million shekels, with an option for another 7.5% later. This move reverses Zim's previous sales of his holdings due to personal debt. The Haggag group, which became a partner in late 2024, will reduce its shareholding as a result of this deal.Economy · 3d agoCal Credit Card Company Establishes New AI Division, Appoints Amir RosenCal, an Israeli credit card company, is forming a new data and AI division, appointing Amir Rosen, previously of Bank Leumi, to lead it. CEO Yafit Grani drove the hire, recognizing Rosen's AI strategy expertise. The move occurs as Cal is undergoing a sale process, with Discount Bank set to initiate a new tender after a prior deal was blocked.Security · 3d ago · also in 8 newsroomsFormer Executive Extradited From Portugal Suspected of Stealing MillionsEyal Rosen, a former executive at Gibui Holdings, was extradited from Portugal to Israel on Thursday, suspected of stealing over 9 million shekels from the company. He is also accused of fraud, money laundering, and providing false information to investors. Rosen fled Israel in 2022 before an investigation began, and his extradition was facilitated by international cooperation between Israeli and Portuguese authorities.Security · 3d agoMotorola Solutions Buys Israeli Drone Defense Firm D-Fend For $1.5 BillionMotorola Solutions acquired Israeli drone defense firm D-Fend Solutions for $1.5 billion. D-Fend's technology disables unauthorized drones for security purposes, though it doesn't counter fiber-optic-controlled drones. Experts debate the high acquisition price, with some suggesting strategic reasons beyond current capabilities. D-Fend's founder, Zohar Halami, will lead Motorola's drone defense efforts, aiming for global dominance in the sector.General · 3d agoIsraeli Couple Abroad Finds New Perspective on Life and HomeIsraeli residents Noga and Raanan, who moved to Oregon in September 2024, are visiting Israel and reflecting on their decision to leave. They cite a feeling of lost sanity in Israel and a desire for a different life, though they miss family. Noga is uncertain about returning if the government doesn't change, while Raanan finds a renewed connection to Judaism abroad. They have both experienced sleep disturbances, exacerbated by news from Israel and their infant son, Yona.Politics · 3d ago · also in 2 newsroomsIsrael's Election Hinges on Security, Democracy, and International StandingIsrael's upcoming election is dominated by concerns over national security following the October 7th attacks and a prolonged regional war. Voters are also focused on the future of democracy, particularly the independence of the judicial system, and the nation's deteriorating international standing. The election is seen as a choice between autocratic and liberal democratic governance, with accountability for government failures also a key issue.Economy · 3d agoIsraeli Shekel Weakens Against Dollar After Bank of Israel Holds RatesThe Israeli shekel depreciated against the U.S. dollar, trading at approximately 3.10 shekels, following the Bank of Israel's decision to maintain its interest rate. The shekel also weakened against the euro. Global markets are awaiting the U.S. Federal Reserve's upcoming interest rate announcement. In Europe, French bond yields surged to a 24-year high amid political instability, while the Bank of Korea held its interest rate steady, citing persistent inflation and external risks.Culture · 3d ago · also in 2 newsroomsMan Must Pay Ex-Girlfriend Tens of Thousands for Defamatory WhatsApp MessagesAn Israeli court ordered a man to pay his ex-girlfriend 30,000 shekels in damages for sending defamatory WhatsApp messages accusing her of promiscuity. The court ruled that even messages sent to close friends constitute publication under defamation law. The judge noted the messages were humiliating and violated her privacy. The compensation also included 11,000 shekels for legal costs.Culture · 3d agoWeekend Arts Guide: Film, Opera, Fashion, and FoodA weekend arts guide highlights the TLV Fest film festival opening with RuPaul's "Anything's Possible," the Israeli Opera's production of "The Magic Flute," and a new cafe in Jattis offering ma'amoul workshops. Tel Aviv Fashion Week is set to feature designer Pini Leiterdorf and a Hapoel centennial showcase, while artist Yeshayahu Shmir exhibits drawings at the Pan Gallery. A conference on "Boundary-Breaking Creation" will bring Israeli filmmakers and creators to Tel Aviv.Tech · 3d agoAI Revolutionizes Banking, Valley National Bank Acquires Israeli Fintech BluevineValley National Bank's Senior Vice President Russell Bar described AI as a revolutionary force in banking, enabling personalized services and significant efficiency gains. The bank is cautiously adopting AI, prioritizing security and oversight. Valley recently acquired Israeli fintech Bluevine, gaining access to its technology and a substantial R&D team in Tel Aviv, which will serve as a key engineering hub.Politics · 3d agoArab Voters Expected to Turn Out in Record Numbers, Influencing Election OutcomesYosef Makladah, Director General of Stat-Net, predicts a record 68%-69% voter turnout among Israeli Arabs in the upcoming elections, driven by a desire to change the government and combat rising violence. This surge could lead to 15-16 seats for Arab parties, with the Joint List expected to win 9 and Ra'am 6. The increased turnout reflects a growing belief that the current government's policies, particularly under Minister Itamar Ben-Gvir, have exacerbated crime and violence. Researchers note a shift in Arab voter motivation, moving from disillusionment with coalition politics to a strong desire for change.Tech · 3d ago · also in 1 newsroomIsrael Considers Nuclear Fusion Research Amid Rising Energy DemandIsrael's Ministry of Energy is proposing a long-term investment in nuclear fusion research to meet rising electricity demands, particularly from data centers. The ministry suggests a NIS 500 million to NIS 1 billion investment over five to seven years, involving public-private partnerships and collaboration with defense firms. This initiative aims to integrate Israeli entities into the global fusion industry, a complex technology distinct from current nuclear fission power.Security · 3d agoIsrael Plans Space Corps and Robotics Division Amid Budgetary ConcernsThe Israel Defense Forces (IDF) are planning to establish a Space Corps and a Robotics Division to enhance intelligence gathering and develop autonomous unmanned systems. These ambitious plans, part of the "Choshen" program, aim to significantly expand satellite capabilities and introduce advanced robotics into combat operations. However, the Ministry of Finance has raised serious concerns about the substantial funding required, highlighting the current budgetary constraints and the need for government approval.Economy · 3d agoFormer Hostages Forum Head Launches $50 Million Private Equity Fundראובן אבלגון, former chairman of the Hostages and Missing Families Forum, has launched a new private equity fund, Tavor Capital Partners, aiming to raise NIS 200 million. The fund will invest in small to medium-sized companies across various sectors, focusing on active management to improve governance. Partner דוד פרידמן, formerly of KPMG and Dor Chemicals, joins אבלגון, who has over 50 years of capital market experience. The fund is already exploring initial deals and has received positive investment indications.Economy · 3d agoTwo US Investment Giants Eye Israeli ETF MarketUS investment giants State Street and First Trust are preparing to launch exchange-traded funds (ETFs) on the Tel Aviv Stock Exchange, aiming to tap into Israel's growing retail investor market. Their entry is expected to increase competition and potentially lower management fees for ETFs tracking international indices. This follows successful launches by BlackRock and Invesco, which currently manage billions of shekels in Israel. The firms are proceeding discreetly due to concerns about potential political backlash.Economy · 3d ago · also in 3 newsroomsTomer Food Shares Plummet 15.4% on Return to Trading; Kimelov Cuts Salary, Steps Down as ChairmanTomer Food's stock dropped 15.4% upon its return to trading, following a crisis related to inventory accounting irregularities. Founder Doron Kimelov has reduced his salary by 15% and stepped down as chairman, with Riviv Brookmeyer appointed to the role. The company also appointed Guy Freeman as CFO and Deputy CEO. These changes aim to address issues identified by an investigation committee, which allegedly involved Kimelov's interference in inventory valuations.Tech · 3d agoIsraeli Software Firm Jfrog Surges in Value Amid AI RevolutionIsraeli software company Jfrog has seen its stock surge, reaching a market value of $11.5 billion, making it one of the largest Israeli tech firms. Initially feared to be a victim of the AI "SaaS apocalypse," Jfrog's stock rebounded significantly after a sharp decline in February. The company's deep integration into critical software processes and its role in managing AI-generated code have become key growth drivers. Despite its high valuation and impressive customer retention, Jfrog is not yet profitable and faces pressure to demonstrate accelerated growth and profitability in upcoming financial reports.Economy · 3d agoIsrael's Capital Markets Authority Opposes Wobi AcquisitionIsrael's Capital Markets Authority has officially opposed The Phoenix's acquisition of the insurance comparison website Wobi, despite prior approval from the Competition Authority. The authority cited concerns over Wobi's objectivity and potential favoritism towards The Phoenix's products due to the latter's dominant market position. The Phoenix expressed surprise and stated that their arguments were thoroughly reviewed by the Competition Authority, which approved the deal, and that the current objections contradict inter-ministerial committee recommendations. The Phoenix is considering its next steps, which may include a legal appeal.Economy · 3d ago · also in 3 newsroomsReal Estate REITs Acquire Hundreds of Apartments from Struggling DevelopersIsraeli real estate developers are selling hundreds of apartments to rental housing REITs due to a prolonged sales slowdown and financing restrictions. Tzafati Real Estate is selling 80 units to Azorim Living for NIS 198 million, expecting significant profit and cash flow. Other REITs are also actively acquiring properties, viewing the developers' struggles as an opportunity to expand their rental portfolios amidst rising demand.Economy · 3d ago · also in 3 newsroomsElron Conflict Escalates as Two Shareholders Oust Third from ChairmanshipThe controlling shareholders of Elron, Arik Bentov and Evan Renob, have ousted Lisia Bachar Menuch from her position as Chairwoman of the Board of Directors. Bachar Menuch has threatened legal action over the dismissal. The dispute stems from disagreements over a settlement with Phoenix Investments, to whom Arieli, Elron's parent company, owes 100 million shekels. Dani Hoze has been appointed as the temporary chairman.Security · 3d agoIsrael Demands Full Financial Picture from Hadassah Over Overseas VenturesIsrael's Ministries of Health and Finance are demanding a full financial accounting from Hadassah Medical Organization regarding its new medical center in Cyprus and its financial commitments to its Moscow facility. The ministries were not informed of the Cyprus venture and are concerned about potential financial risks to Hadassah's operations in Israel. They are requesting detailed business plans, financial reports, and board approvals related to both international projects, emphasizing the need to protect Israeli public healthcare services.Security · 3d ago · also in 2 newsroomsDead Sea Works to Pay Half Billion Shekels for Water UseDead Sea Works must pay approximately 500 million shekels for water it has extracted since 2017, following the Supreme Court's rejection of a request for a rehearing. The company has already paid 330 million shekels and owes an additional 170 million shekels. This ruling stems from a 2022 petition arguing the company owed for water usage beyond mineral royalties. The funds collected could help stabilize public water tariffs.Economy · 3d agoBank of Israel Splits Growth Forecast, Highlighting Two Separate EconomiesThe Bank of Israel has bifurcated its economic growth forecasts for the first time, distinguishing between overall GDP and growth excluding production by Israeli companies abroad. This "with Nvidia and without Nvidia" approach highlights that foreign production inflates Israel's GDP figures, masking slower domestic economic activity. While overall growth is projected at 5.6% for 2026, excluding foreign output lowers it to 3.4%, suggesting the nation's debt-to-GDP ratio may be artificially decreasing. The central bank credits the public and firms, not the government, for the economy's surprising resilience amidst ongoing conflicts.Politics · 3d agoParty Leaders Reject Offers, Remain in Knesset RaceOfer Winter and Moti Leitner, leaders of "Am Yisrael" and "Hachareidi" parties respectively, will not withdraw from the Knesset race despite offers from Prime Minister Netanyahu and Minister Smotrich. Smotrich offered Winter a ministerial role and authority over key projects, while Netanyahu promised Leitner a role in a Haredi sector project and significant budgets. Both leaders rejected the proposals, citing the need for genuine Haredi representation and accusing established parties of maintaining a "monopoly."Economy · 3d ago · also in 3 newsroomsIsrael Bans Mortgage Advisor Perks, Insurance Agents NextIsrael's Capital Markets Authority has banned non-bank credit companies from giving perks to mortgage advisors, effective January 2027, to curb conflicts of interest. This move follows a two-year review and aims to prevent advisors from being incentivized to push loans. Regulators also see a need to reform insurance agent incentives, where similar conflicts exist, though past reform attempts have been blocked by industry lobbying. The authority's action is considered a significant first step towards broader financial intermediation reform.Economy · 3d agoIBI Fund Based on Dan Ariely's Model Shut Down After Poor PerformanceIBI is closing its mutual fund, the IBI D.A. MODEL, launched in 2018 with behavioral economics professor Dan Ariely, due to poor performance. The fund generated zero returns over five years and held only NIS 2 million in assets, significantly underperforming the S&P 500. The closure, effective November 25, follows a period of review by IBI, which cited the fund's lack of expected development. Professor Ariely's reputation has also faced recent challenges due to a retracted study.Economy · 3d agoPartner Communications Gets Court Approval for NIS 500 Million DividendPartner Communications received court approval to distribute a NIS 500 million dividend to shareholders. The court ruled the distribution would not jeopardize the company's financial obligations after objections were resolved. The company chose to redeem NIS 480 million in bonds rather than seek bondholder consent for the dividend. This is the second major dividend payout by Partner this year.Politics · 3d agoReligious-State School Students Receive Higher Funding Than Secular PeersState-religious high school students in Israel receive an average of NIS 49,310 per year, 25.5% more than secular students who receive NIS 39,295, according to new Ministry of Education data. The funding gap has remained consistent, with Arab students receiving the least. The Ministry's report on matriculation exams is criticized for allegedly obscuring changes to exam requirements and presenting a misleadingly low dropout rate. These figures were released by the Ministry under Minister of Education Yoav Kisch.Economy · 3d ago · also in 4 newsroomsKfar Giladi Kibbutz Firm Wins NIS 542 Million Quarry TenderKfar Giladi Quarries won a tender from the Israel Land Authority to operate the Qedarim quarry in the Galilee for approximately NIS 542 million over 24 years. The new quarry will replace the Amiad quarry by the end of 2027, ensuring a continued supply of construction materials for northern Israel. The company plans significant investment in the site, which holds substantial reserves and is strategically located. This acquisition supports Kfar Giladi Quarries' expansion strategy amidst anticipated major infrastructure projects in the north.Economy · 3d ago · also in 1 newsroomUkraine War Sparks Wheat Price Hikes, Threatening Bread and Pastry Costs in IsraelMajor Israeli flour mills are increasing prices by up to 14% starting in November due to the war in Ukraine driving up global wheat costs. This could lead to higher prices for bread, pastries, and other food products, as well as potentially for chicken, eggs, and dairy if animal feed costs rise. Bakeries are also seeking to raise regulated bread prices, which haven't been updated in four years, but face political uncertainty.Economy · 3d agoJerusalem Property Linked to Hebrew Revivalist Sold for $3.2MA Jerusalem property linked to Eliezer Ben-Yehuda, the reviver of the Hebrew language, has been sold for 12 million shekels, significantly above its appraised value. The 517-square-meter property in the historic Habashim neighborhood includes five housing units and potential for expansion. The apartment where Ben-Yehuda lived is also for sale, and the Ethiopian Church had expressed interest in the area. An overseas buyer purchased the property for extensive renovations.Economy · 3d agoIsrael Must Prioritize Manufacturing Beyond Startup Nation StatusIsrael's focus on its "Startup Nation" identity neglects the critical need for domestic manufacturing, a vital geopolitical asset in today's world. The "Iron Swords" war exposed vulnerabilities due to reliance on imported goods, yet burdensome regulations and high costs hinder local industry. A national plan is proposed, advocating for investment in engineering education, AI adoption, and regulatory reform to bolster manufacturing independence, which is crucial for national security and sovereignty.Politics · 3d agoRabin Assassination Memorial Day Needs Deeper Educational FocusProfessor Nir Michaeli argues that Israel's education system needs to move beyond superficial commemorations of Yitzhak Rabin's assassination to address the deep political and ideological divides that led to it. He criticizes the focus on Rabin's persona over the controversial issues like the Oslo Accords and incitement. Michaeli calls for a more courageous educational approach that confronts the core conflicts shaping Israel's identity and future, especially in state-Hebrew schools.Politics · 3d agoCompetition Authority's Price Reduction Push May BackfireIsrael's Competition Authority is under fire for potentially overreaching its enforcement powers in a case against an importer of Originales footwear. The authority initiated action based on a new law meant to lower prices, but the importer's act of providing an Israeli website address to the brand owner may not constitute a violation. Legal experts argue this ambiguity creates uncertainty for importers, potentially discouraging legitimate business practices and even harming parallel imports, the very competition the law aims to foster.Health · 3d agoIsrael Must Invest in Community Healthcare, Not Just HospitalsIsrael's healthcare system faces significant challenges exacerbated by three years of war, including increased demand for mental and physical health services. The article argues for a shift in focus from hospital-centric care to strengthening community-based family medicine, emphasizing early detection, prevention, and multidisciplinary teams. Dr. Yael Gelerman, Chairwoman of the Israeli Association for Family Medicine, stresses the need for investment in healthcare professionals and infrastructure to build a system capable of meeting future needs.Security · 3d agoSocial Equality Minister Mei Goran Under Investigation for BriberySocial Equality Minister Mei Goran is under investigation by the National Fraud Unit, Lahav 433. She is suspected of bribery, fraud, breach of trust, and forgery. Goran had previously avoided presenting herself for police questioning as part of the ongoing investigation.Tech · 3d ago · also in 2 newsroomsIsraeli Startup Rylo Partners With Nvidia to Advance AI Sign Language TranslationIsraeli startup Rylo, specializing in technology for the deaf, has partnered with Nvidia to advance its AI-powered real-time sign language translation. The company recently raised $85 million and secured an FCC license for its speech and text conversion technology. Rylo aims to leverage Nvidia's infrastructure to train its sign language models, addressing a significant gap in the market. The startup projects $100 million in revenue by 2026 and $1 billion by 2028.Economy · 3d agoTel Aviv Approves 371 Apartments in Neve Sha'anan Renewal ProjectTel Aviv's Local Planning and Building Committee approved five towers and 371 housing units for the Neve Sha'anan neighborhood's renewal. The project, involving Elad Real Estate, Sela Binyan, Shoval, Bar'al, and Bonelli Company, includes residential, commercial, and public spaces, along with underground parking. The approvals are part of a long-term effort to revitalize the neglected area, with a separate large development also progressing at the former central bus station.Economy · 3d ago · also in 3 newsroomsReal Estate Slowdown Creates Opportunity for REITs to Buy Unsold ApartmentsThe real estate company Tzvi Tzarfati has sold 80 apartments in Azor to Azorim Living REIT for NIS 198 million, capitalizing on a market slowdown. This deal allows Tzvi Tzarfati to reduce its unsold inventory and generate immediate cash flow, while Azorim Living expands its rental portfolio with ready-to-occupy units at a discount. The transaction is part of a broader trend where REITs are acquiring bulk apartment purchases from developers facing slow sales.Politics · 3d ago · also in 3 newsroomsIsrael Bans Perks for Mortgage Advisors to Curb Conflicts of InterestIsrael's Capital Markets Authority will ban non-bank credit companies from giving mortgage advisors perks like vacations and prizes starting January 2027. The directive aims to prevent conflicts of interest where advisors might favor lenders offering them higher rewards over better client deals. Credit companies will also be held more responsible for loan underwriting, and while professional event sponsorships are allowed, disguised vacations are prohibited. However, the regulation does not address the licensing of mortgage advisors themselves or the fees they charge clients.Politics · 3d ago · also in 7 newsroomsIsrael's Finance Committee Approves Tax Breaks for Hundreds of Nonprofits Amidst OppositionIsrael's Finance Committee approved tax benefits for hundreds of non-profit organizations under Section 46 of the Income Tax Ordinance, allowing donors a 35% tax credit. The decision followed a contentious debate, with ultra-Orthodox MKs opposing the inclusion of some organizations due to draft evasion concerns. Despite objections and accusations of bias against the Attorney General, the committee proceeded with the approval, aiming to facilitate fundraising for various public welfare and religious causes.Security · 3d ago · also in 4 newsroomsIDF Bribery Scandal: Economic Offenses Estimated at $55 MillionThe military prosecution estimates economic offenses in an IDF bribery scandal at NIS 200 million (approximately $55 million). Twenty-one suspects, including contractors and five IDF NCOs, were arrested Tuesday. The probe involves alleged bribery, fraud, and money laundering, potentially exploiting wartime chaos and linked to contractor fuel expenses. Most details remain under a gag order.Economy · 3d agoManaged Portfolio Performance Soars in Q3 Despite High Interest RatesManaged investment portfolios in Israel experienced a significant surge in the third quarter, primarily driven by equity-focused tracks. The 100% stock portfolio gained 2.88%, while bond portfolios saw a slight decline. This performance occurred despite rising global interest rates, with U.S. tech stocks and large-cap Israeli companies leading the gains. The article highlights the impact of AI investments and geopolitical factors on market trends.Economy · 4d ago · also in 3 newsroomsTomer Food Returns to Trading After Suspension, CEO Takes Pay CutTomer Food's stock returns to trading after a two-month suspension due to accounting irregularities. Founder Doron Kimelov steps down as chairman but remains CEO, taking a significant pay cut. Riviv Brokmeier is appointed as the new active chairman. The company's crisis stemmed from inventory valuation issues and the subsequent resignation of its CFO, leading to revised financial statements and a trading halt.Economy · 4d ago · also in 1 newsroomEconomists Predict Bank of Israel to Hold Interest Rates SteadyEconomists predict the Bank of Israel will hold its interest rate at 3.25% today, pausing after three consecutive cuts. This decision follows a period of slowing inflation and strong economic recovery. Despite global tightening, some expect further cuts, while others, citing political uncertainty and economic stability, suggest a pause.