Newsroom
Calcalist
Hebrew business and technology daily of the Yedioth Ahronoth Group. We translate its reports into English and compare them with 43 other newsrooms.
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 963 reports this month, judged without the newsroom's name. How this is measuredOnly Calcalist had it
Cyberattack on Car Importer Highlights Broader Road Safety RisksSecurity · 37m agoTop Economists Warn Netanyahu's Blockchain Economy Plan Risks Severe SanctionsEconomy · 1h agoMandatory Interest on Checking Accounts Could Harm Vulnerable ConsumersEconomy · 3h agoBig stories Calcalist skipped
IDF and Shin Bet Launch Major Counter-Terror Operation in HebronCovered by 25 newsroomsGun Stolen From School Security Guard in Givat Shmuel; Suspect SoughtCovered by 19 newsroomsNetanyahu Vows "Largest West Bank Operation Since 1967" After Hebron AttackCovered by 14 newsroomsLatest from Calcalist
Economy · 1h agoTop Economists Warn Netanyahu's Blockchain Economy Plan Risks Severe SanctionsOver 100 leading Israeli economists and business figures, including Nobel laureates, have sent a strong letter to Prime Minister Benjamin Netanyahu warning against his proposed "alternative economy" based on blockchain technology. They argue that such a move, in response to potential banking sanctions, is akin to methods used by criminal organizations and could lead to severe economic damage, including widespread unemployment and international isolation. The signatories highlight that current international measures are targeted, mostly concerning settlements, and urge against a drastic shift that could cripple the Israeli economy and its ability to defend itself.Economy · 3h 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.Economy · 3h 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.Economy · 4h 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 · 4h ago · also in 2 newsroomsCellcom 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.Economy · 15h 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.Economy · 16h ago · also in 4 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 · 17h 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.Economy · 23h 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.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.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.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.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.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.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.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.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.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.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.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.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.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.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.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.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.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.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.Economy · 4d agoDollar Holds Steady as Euro Faces French Unrest, Sterling Gains on Jobs DataThe dollar remained stable against the shekel at 3.09, while the euro dipped slightly amid French protests and fiscal concerns. The yen strengthened against the dollar following a record Japanese bond auction. Sterling showed little change after positive UK labor data, with markets anticipating a Bank of England rate hike. Analysts suggest the dollar's current strength is temporary, with potential for euro appreciation in the coming months.Economy · 4d ago · also in 5 newsroomsCanadian Fintech Nuvei Secures Israeli Payment Processing LicenseCanadian fintech Nuvei has received a payment processing license from the Israel Securities Authority, enabling major clients like Shein and Temu to operate more cost-effectively in Israel. The license, obtained after an 18-month application process, will allow transactions in local currency and is expected to reduce costs for both merchants and consumers. Nuvei, which has a significant Israeli presence through acquisitions, is also set to complete its $2.75 billion purchase of Pioneer, further expanding its operations.Economy · 4d agoIsraeli Markets Await Opening After Mixed Global PerformanceIsraeli energy firms are under review for control permits of the Ashdod Refinery due to a proposed gas distribution sale aimed at resolving cross-holdings. Global markets saw mixed results, with Asian exchanges rising and the Dow Jones up yesterday. The Tel Aviv Stock Exchange closed higher Tuesday, led by construction stocks, while chip stocks declined.Economy · 4d agoIsraelis Receive $6 Million in Payouts After Regulator InterventionIsrael's Capital Markets, Insurance and Savings Authority reported that insured individuals received 21.5 million shekels in 2025 due to interventions following public inquiries. Harel Insurance paid out the most, totaling 9.6 million shekels. The report detailed cases of denied benefits, agent misconduct, and pension miscalculations, all resolved with the authority's help. While 60% of provident fund inquiries led to relief, the definition of relief is broad, encompassing information provision.Economy · 4d agoNew Investment Account Proposal Could End Tax Benefits for Pension FundsIsrael's Ministry of Finance has proposed a new "investment account" that would equalize tax benefits across various savings products, potentially ending the unique advantages of investment-linked pension funds. The plan replaces the annual deposit limit with a lifetime NIS 200,000 tax-exempt cap, affecting long-term savers. While most current savers may not be impacted, the move is expected to slow the growth of these funds.Economy · 4d agoTzabar Solar Plans Stock Market Debut With Debt and Equity OfferingsTzabar Solar, an Israeli renewable energy company, is planning to list on the Tel Aviv Stock Exchange, first issuing NIS 200 million in bonds and then shares valued at NIS 300-400 million. The company, which installs solar systems in Israel and operates in Spain, previously attempted an IPO in 2021. Tzabar Solar also faced a NIS 850,000 penalty for unauthorized panel upgrades.Economy · 4d agoReal Estate Firm Delays Pay Policy Vote Amid Shareholder OppositionHachsharat Yishuv, a real estate firm controlled by Ofer Nimrodi, has postponed a vote on its executive compensation policy for the third time since 2020. The company is seeking to approve a maximum annual compensation of 8.4 million shekels for Nimrodi, which institutional investors deem too high. Stricter regulations and shareholder opposition are making it difficult for the company to pass the policy, which requires a majority of minority shareholders.Economy · 4d agoDacia Duster Embraces Hybrid Tech While Retaining Off-Road ProwessThe Dacia Duster has launched a new hybrid model that retains its off-road capabilities, a key selling point in markets like Israel. The four-wheel-drive hybrid uses a gasoline engine for the front and an electric motor for the rear wheels, offering a unique powertrain. While praised for its climbing ability and decent fuel economy, the hybrid system is noted as rough in city driving, and the vehicle has a lower safety rating. The Duster continues to offer a unique package of utility and off-road performance at a competitive price.Economy · 4d agoIsrael's Concentration Committee to Reconsider Shapir's Control Permit for Ashdod RefineryIsrael's Concentration Committee will reconsider Shapir Engineering's bid for a controlling stake in the Ashdod Oil Refinery after initially recommending against it. The committee's renewed discussion follows Shapir's agreement to sell its natural gas operations to Allied for NIS 230 million. While competition and finance ministries previously opposed the permit, energy and finance ministries now seek reconsideration, with pressure to decide before elections. Shapir expects a NIS 50-100 million profit from the gas operations sale.Economy · 4d ago · also in 1 newsroomMultiple Bidders Vie for Control of Cal, Israel's Third-Largest Credit Card FirmDiscount Bank is seeing significant interest in selling Cal, its credit card company, after a deal with George Horesh and Harel Insurance fell through. New potential buyers include Waze co-founders led by Assaf Rappaport and the Bituh Hayashir group. Other contenders are Delyk, Centerbridge Partners, Jerusalem Bank, and Glilot Capital, with some forming joint bids. The company's advanced technology and the lack of similar assets for sale are key drivers of the interest.Economy · 4d agoInvestment Provident Funds Mark Decade: Impressive Returns Face ScrutinyInvestment provident funds in Israel are marking their tenth anniversary, having become a popular savings tool since their 2016 launch. While offering impressive returns and tax benefits, particularly for long-term retirement savings, their performance is being compared unfavorably to passive index investments like the Tel Aviv 125 and S&P 500. Management fees have generated nearly 2 billion shekels for fund managers in recent years. Future challenges include proposed regulatory reforms and increased competition from low-cost self-directed trading platforms.Economy · 4d agoDelta Brands Expands Panta Rei Stores Amidst Global Sportswear ChallengesDelta Brands is expanding its physical Panta Rei sportswear stores to a target of 15 locations, reversing a previous reduction in store plans. The company is also investing in a new automated logistics center to boost online sales. This move comes as global sportswear giants like Nike and Lululemon face sales challenges, though Delta Brands' CEO believes the overall sports category is growing. The brand recently launched a new collection in collaboration with dancer Or Kehalon.Economy · 4d agoProfimax Real Estate Fund Buys US Properties for $270 MillionThe Israeli real estate investment fund Profimax has acquired five properties in the United States for approximately $270 million in the last quarter. The acquisitions include industrial, logistics, and residential properties in key U.S. locations like Chicago, Texas, Atlanta, Houston, and Maryland. The fund, managed by Elhanan Rosenheim, aims to improve these assets and expand its U.S. portfolio, which now totals about $2.4 billion in value.Economy · 4d agoSanDisk Relocates Northern R&D Center to New Galilee High-Tech ParkThe company's stock has seen a significant surge due to high demand for its flash memory products used in AI. SanDisk, founded by Eli Harari, has a history in Israel including the acquisition of Dov Moran's M-Systems. The new park is expected to house over 5,000 employees upon completion.Economy · 4d agoReservists Face Severe Economic and Professional Setbacks Post-WarA report by the Latet organization indicates that 32.5% of Israeli reservists are in a worse financial state than before the war, with 70.2% delaying or abandoning education and career advancement. Many reservists are using savings or loans to cope with financial difficulties, and a significant portion report a decline in mental well-being. The CEO of Latet noted the organization has launched a support fund for reservists facing economic hardship.Economy · 4d ago · also in 2 newsroomsGitam Advertising Group Acquires Digital Firm Maven to Expand AI CapabilitiesThe Gitam advertising group has acquired full ownership of Maven, a digital advertising and marketing firm, to enhance its capabilities in AI and digital technologies. The deal, whose financial terms were not disclosed, will see Maven operate independently while its founders and employees integrate into Gitam. This strategic move reflects the growing importance of AI in the advertising industry and Gitam's efforts to expand its service offerings. The acquisition is expected to strengthen Gitam's position in digital advertising, data analysis, and AI-driven solutions.Economy · 4d agoCommercial Contracts Must Adapt to Rapidly Changing Business RealitiesCommercial contracts must evolve beyond simple transaction records to actively manage change and uncertainty, according to lawyer Assaf Lapid. Rapid shifts in technology, regulation, and geopolitical risks mean deals are increasingly affected by factors arising after signing. Traditional contracts are insufficient, requiring new mechanisms to address evolving operational realities and potential disruptions. The focus is shifting from predicting every event to building adaptable frameworks for managing inevitable changes and potential exits.Economy · 4d agoIsrael Ziv's Tamnat and Carasso Energy to Build Solar Facility Over Kibbutz Hazor ReservoirCarasso Energy and Tamnat, controlled by Israel Ziv, won a tender to build a 9.2 MW solar facility with energy storage over Kibbutz Hazor's treated wastewater reservoir. The 70 million shekel project is expected to start commercial operation by the end of 2028. It will produce enough electricity for about 2,000 homes annually. The companies see this as a significant step in the renewable energy sector.Economy · 4d ago · also in 1 newsroomIsraeli Tech College Admits Insolvency, Agrees to LiquidationIsraeli tech college SVCollege has informed the court it is insolvent and agrees to liquidation, citing severe financial difficulties. The move follows a petition by two former employees alleging unpaid wages and benefits, and debts to suppliers and students. The college has arranged for other institutions to accept students without extra cost to complete their studies.Economy · 4d ago · also in 3 newsroomsDan Transportation Acquires Tnupha Bus Company for NIS 150 MillionDan Transportation has agreed to acquire the public bus company Tnupha for approximately NIS 150 million, pending regulatory approvals and due diligence. The deal, approved by Tnupha's shareholders, will see Dan take over Tnupha's routes in Samaria and the Jerusalem corridor. This acquisition marks an expansion for Dan beyond its traditional Gush Dan operating area and could support future company growth plans.Economy · 4d ago · also in 2 newsroomsShapir Engineering Sells Gas Distribution to Elad for $63 MillionShapir Engineering has agreed to sell its gas distribution companies, Super NG and Super NG Hadera and HaEmek, to Elad Group for NIS 230 million in cash. The deal, expected to generate a profit of NIS 50-100 million for Shapir, includes provisions for future revenue streams and an option for Elad to acquire Shapir's share of those payments. This sale aligns with Shapir's strategy to focus on core activities and new projects, while the transaction awaits regulatory approvals.Economy · 4d ago · also in 1 newsroomMcDonald's Israel Sued for $820,000 Over Patent Infringement ClaimEntrepreneur Marco Luzzatto and his company Newbal-Tech are suing McDonald's Israel franchisee Aloniel for 3 million shekels, alleging patent and copyright infringement. The lawsuit claims McDonald's digital platforms violate a patent for a remote training system focused on nutritional monitoring. The parties previously attempted to resolve the matter out of court. McDonald's Israel stated they will respond after reviewing the lawsuit.Economy · 5d ago · also in 3 newsroomsGeneration Capital Raises ₪1.2 Billion in Bond Offering for Energy AcquisitionGeneration Capital raised 1.2 billion shekels in a bond offering to fund its acquisition of Shikun & Binui Energy. The unsecured, CPI-linked bonds mature in eight years and were rated A+ by S&P Maalot. The acquisition, valued at 4.45 billion shekels, is expected to be completed in 2027 pending regulatory approval. The fund also reported a strong financial performance in the first half of 2026.Economy · 5d agoForex Markets Watch European Unrest; Dollar Above 3.1 ShekelsThe dollar rose against the Israeli shekel to 3.105 on Tuesday, while weakening globally as markets awaited US and Eurozone interest rate decisions. European unrest, particularly in France, is raising concerns about fiscal stability and inflation, impacting currency markets. Despite protests and curfews in France and riots in Italy, the euro showed resilience, though French debt risk is impacting European stocks. Analysts anticipate further market focus on France's upcoming budget vote.Economy · 5d agoUsed Electric Cars Now Available for Under $15,000 in IsraelUsed electric cars in Israel are now available for around 50,000 shekels due to falling prices driven by year-end sales, inventory buildup, and rapid technological advancements. Models like the Ora Funky Cat, Aiways U5, Dongfeng Box, Jidu 3, and Leapmotor T03, some only a few years old, are being sold at significantly reduced prices. However, potential buyers face challenges including the collapse of manufacturers or importers, limited parts availability, and varying levels of build quality and safety features.Economy · 5d agoTel Aviv Stock Exchange Awaits Opening Amid Wall Street Gains and Regional TensionsThe Tel Aviv Stock Exchange is expected to open higher, mirroring gains on the Nasdaq and S&P 500. Investors are also considering regional security concerns, including U.S. Defense Secretary's visit and potential actions against Iran. Local indices closed down on Monday, with TA-35 and TA-125 dropping 0.5%, though TA Oil and Gas rose 1.5%.Economy · 5d agoIsraeli Real Estate Market Sees Varied Sales Prices Across CitiesApartment sales across Israel show varying prices, with a 3-room unit in Rishon Lezion's Neot Shiqma selling for 1.84 million shekels. In Harish, 5-room apartments ranged from 1.25 to 1.59 million shekels, while Beer Sheva saw prices from 925,000 to 1.43 million shekels for 3 and 4-room units. Ofakim recorded a 5-room sale at 1.735 million shekels, and Haifa had a 5-room sale at 1.25 million shekels. The data highlights the impact of features like safe rooms and parking on property values.Economy · 5d agoMenora Evergreen Acquires 35% Stake in Defense-Civilian Firm NOVO DRMenora Evergreen Fund is acquiring a 35% stake in the Israeli company NOVO DR for approximately 340 million shekels, marking its 15th deal. NOVO DR develops advanced portable digital X-ray systems for defense and civilian applications, generating over $50 million in annual sales. The founders will retain control of the company, achieving a 100 million shekel exit. Menora Evergreen aims to grow the company further.Economy · 5d ago · also in 1 newsroomNew Bidder Enters Race to Acquire Cal Credit Card CompanyGil Agmon, through Dedi Cars, has entered the race to acquire Israel's Cal credit card company, initiating talks with Discount Bank. Agmon aims for a swift deal, reportedly targeting a price between 3 to 3.5 billion shekels. The original deal, agreed upon by Horesh-Harel, collapsed due to regulatory concerns from the Competition Authority. Discount Bank is exploring alternative options, including a new tender, while awaiting clarity on the Horesh-Harel deal by November 1.Economy · 5d agoRalko Eyes Acquisition of Loss-Making Solar Firm Linked to Owners' SonPublicly traded Ralko is seeking shareholder approval to acquire Ralko Energy, a solar systems company previously owned and managed by the son of Ralko's controlling shareholders. Despite Ralko Energy's reported losses since 2023, Ralko's board cites strategic synergy and growth potential in renewable energy. The acquisition's financial terms are complex, involving contingent payments and potential indirect benefits to the controlling family's son. Ralko, a home appliance importer, reported increased profits in the first half of 2026.Economy · 5d agoReal Estate Investment Fund Raises $75 Million With Key InvestorsRon Hochman and Tzuri Levy, former Mizrahi Tefahot Bank executives, have raised 300 million shekels ($75 million) for their new real estate investment firm, Eitan Partners. Key investors include Tadmor Group and the Einai family, with the fund aiming for 1 billion shekels ($250 million) in managed assets within five years. The company will focus on providing financing for urban renewal projects. This launch occurs despite a current downturn in the Israeli real estate market.Economy · 5d ago · also in 2 newsroomsIsrael Proposes Cutting Solar Subsidies Amid Falling Panel PricesIsrael's Electricity Authority proposed reducing subsidies for low-voltage solar installations by about 5% annually, starting in 2027, due to falling global panel prices. The move aims to lower electricity tariffs and could impact the pace of new solar installations, though small home systems will be exempt from new competitive mechanisms. While subsidies are set to decrease, the total cost is expected to remain similar in 2027, with regulations lasting until 2047. Israel is currently falling short of its renewable energy targets.Economy · 5d ago · also in 1 newsroomTel Aviv Stock Exchange to Resume Trading in "Tomer Food" SharesThe Tel Aviv Stock Exchange will resume trading in Tomer Food shares on Wednesday, two months after a suspension due to accounting irregularities. The company has taken corrective actions, including amending financial reports and removing founder Doron Kimelov from his chairman role. Tomer Food reported a net loss of NIS 21.3 million for the first half of the year, with declining profit margins attributed to various factors.Economy · 5d agoRamat Gan Seeks Operator for Parking Garage in Israel's Tallest Building ProjectRamat Gan's Economic Development Company has issued a tender for the operation of a 300-space public parking garage in the Vertical City project, one of Israel's tallest developments. Construction of the municipality-owned underground garage is underway and expected to finish in September 2029. The winning bidder will operate the facility for almost 25 years. The Vertical City project will include three skyscrapers and add significant residential and commercial space to the Diamond Exchange complex.Economy · 5d ago · also in 1 newsroomSteel Partners Renews Fight for Medical Device Firm InModeUS investment fund Steel Partners is renewing its bid to acquire medical device company InMode, with its $16.75 per share offer set to expire on October 30th. The fund accuses InMode's board of failing to engage in good-faith negotiations and is threatening legal action. Steel Partners' offer values the company at $980 million, while founder Moshe Mizrahi has a competing bid. The fund also alleges conflicts of interest and poor corporate governance by the current board.Economy · 5d agoIsrael Considers National Loan to Offset War DebtIsrael is considering a national mandatory loan of at least 20 billion shekels to help manage the economic fallout from the ongoing war, which has increased national debt. The proposed loan aims to raise domestic capital on favorable terms, reducing reliance on international markets and sending a message of fiscal responsibility. Participation would be progressive, based on income, and the loan would offer a regulated return and repayment date. This measure echoes past national loans implemented during previous crises.Economy · 5d ago · also in 18 newsroomsIsrael Head Suggests Eliminating NIS 200 Bill, Possibly All CashHe cited recent corruption allegations in Kfar Saba, where cash was allegedly used for bribes, as a reason for the proposal, despite Bank of Israel's opposition. אהרונוביץ' also proposed increasing the dividend distribution requirement for the trapped profits tax and promised a review of its economic impact in 2027.Economy · 5d agoIsrael's Broad Unemployment Rate Rises to 4.4% in SeptemberIsrael's broad unemployment rate rose to 4.4% in September, the highest since early 2025 outside of conflict periods, affecting 203,800 people. This increase is attributed to holiday proximity, with a drop expected in October. The classic unemployment rate also increased to 3.2%. The employment rate saw a slight rise to 60.4%, remaining below pre-war levels due to reserve duty and tourism sector issues.Economy · 5d ago · also in 2 newsroomsNew Venture Capital Fund to Invest in Mental Health and Brain TechnologyEsther Barak-Landes, daughter of former Supreme Court President Aharon Barak, and Adi Ostry Metalon are launching "Alma," a new venture capital fund focused on mental health, brain health, and longevity technologies. The fund aims to raise $40 million, primarily from private US Jewish investors, with Sheba Medical Center as a strategic partner. The initiative is spurred by the aftermath of October 7th and a global rise in mental health challenges, seeking to foster technological innovation in the field.Economy · 5d ago · also in 8 newsroomsUS Software Firm Boomi Acquires Israeli Startup Elementary Data for $43 MillionAmerican company Boomi has acquired Israeli startup Elementary Data for $43 million, enhancing its platform with data observability and quality control capabilities. The acquisition, Boomi's third in Israel, will integrate Elementary Data's technology and retain its 17 employees. Boomi's CEO highlighted the importance of reliable data for AI, while Elementary Data's CEO sees an opportunity to establish trusted data as the norm in the AI era.Economy · 6d agoDorad Power Station Expansion Faces Legal Battles Amidst Ownership DisputesAdaletek O&M has asked a court to appoint an arbitrator regarding the operation and maintenance of the Dorad power station's stalled expansion. The expansion faces opposition from the Competition Authority and a dispute over land lease fees demanded by Taa'a. The Luzon group reportedly wants to end its partnership with Adaletek, while Adaletek aims to remain involved in the project.Economy · 6d ago · also in 6 newsroomsShufersal Expands Private Label Coffee to Compete with Major BrandsShufersal is expanding its private label coffee offerings to compete with major brands like Strauss and Osem, aiming to offer lower prices. The move comes amid significant price hikes by Strauss in recent years, despite global price drops. Shufersal's extensive retail network will expose consumers to price differences, potentially driving them towards the private label options.Economy · 6d ago · also in 2 newsroomsBaran Acquires 40% Stake in Ashkelon Desalination Plant OperatorInfrastructure firm Baran is acquiring a 40% stake in Adom, the operator of the Ashkelon desalination plant, for NIS 53.6 million. The deal values Adom at NIS 134 million and is part of Baran's strategy to build income-generating assets. Baran and Adom's current owner, Veridis, are also jointly bidding to expand the plant's capacity and extend its operating concession. Adom reported a NIS 50 million profit in 2025.Economy · 6d agoTel Aviv Stock Exchange Faces Mixed Open Amid Tech Stock DeclinesThe Tel Aviv Stock Exchange is expected to open with a mixed performance, influenced by Asian markets and Wall Street futures, after last week's tech stock drops. Dual-listed stocks are returning with mostly negative arbitrage gaps, particularly Palo Alto Networks and Tower Semiconductor, which are anticipated to delay trading. Oil prices are declining despite geopolitical tensions.Economy · 6d agoDollar Weakens Against Shekel Amid Global Tensions and Rate Decision WatchThe dollar declined against the Israeli shekel, trading at 3.10 shekels, as global markets reacted to riots in France and awaited upcoming interest rate decisions from the US Federal Reserve and the European Central Bank. The euro weakened due to the French unrest, while the pound strengthened against the shekel. Investors are closely watching inflation data and central bank signals ahead of key rate announcements.Economy · 6d agoMeitav Invests in Pension Operations, Acquires Stake in PielaPayInvestment house Meitav has acquired a 25% stake in PielaPay, a startup that operates a digital system for employers to manage pension deposits. The deal, which includes performance-based valuation increases, could see PielaPay valued at up to 200 million shekels. Founded in 2024, PielaPay aims to process over a billion shekels in pension deposits within three years. This move marks Meitav's expansion into pension operations and infrastructure connecting employers to pension funds.Economy · 6d ago · also in 1 newsroomPelephone to Acquire Wicom for $70 Million Amid Regulatory HurdlesPelephone is set to acquire Wicom for NIS 265 million, increasing its market share to 26.5%. The deal faces significant regulatory hurdles due to Wicom's existing network agreement with competitor Cellcom, which Pelephone would have to assume. Pelephone may need to pay Cellcom hundreds of millions of shekels to exit the agreement, and the deal requires approval from regulators. If the acquisition fails, Cellcom could potentially acquire Wicom.Economy · 6d agoShareholders Seek $50 Million Lawsuit Against Former Execs Over MergerShareholders Walter Team and Israel Keller are seeking court approval to file a 182 million shekel derivative lawsuit against former executives of Luzon Credit and Finance and Tria P2P. The suit alleges that a flawed valuation of Tria, based on incorrect financial statements, led to a damaging merger in 2022. The company warned that correcting these financial errors could erase its equity entirely. The court previously dismissed a representative lawsuit, directing the matter to a derivative claim.Economy · 6d ago · also in 3 newsroomsIsrael Limits New Data Centers to 200 MegawattsIsrael's Electricity Authority has limited new data centers to a maximum of 200 megawatts each, allocating 1,000 megawatts for large facilities. This decision addresses an overwhelming demand for grid connections, which totaled 27,000 megawatts. The new rules require developers to post significant financial guarantees and implement backup systems. The regulations come amid concerns over rising natural gas prices and the need to increase overall electricity generation capacity.Economy · 6d agoIsrael Aerospace Industries Faces Deadline on Classified Operations DisclosureIsrael Aerospace Industries (IAI) has six weeks to resolve regulatory issues regarding its classified operations before its December 1 deadline, or it risks defaulting on its NIS 154 million bond and losing its public reporting status. The delay is attributed to the Ministry of Justice's slow progress on finalizing confidentiality agreements for sensitive activities. IAI managers are considering legal action to expedite the process, while officials warn of significant damage to the company's market access and investor appeal if its reporting status is lost. The company is preparing for a major IPO to enhance its global competitiveness.Economy · 6d agoBeren CEO Itzik Frank Steps Down After 20 YearsBeren CEO Itzik Frank is stepping down after five years as CEO and more than 20 years with the infrastructure company. Frank requested to leave, citing it was the right time after a significant chapter. During his tenure, the company's market value doubled to NIS 470 million. Beren is now searching for a successor.