Globes in English

Turkey, Saudi Arabia, and Pakistan Forge New Security Alliance Amid Regional Tensions

Turkey, Saudi Arabia, and Pakistan have formed a new security alliance combining economic, nuclear, and technological strengths amid rising tensions with Iran. The pact emphasizes Islamic solidarity and mutual defense, complicating Israel's regional position and signaling a setback for normalization efforts. Israel remains a key regional player with advanced military technology and strategic partnerships countering this emerging bloc.

Oren Frank, Co-Founder of Online Therapy Platform Talkspace, Dies at 61

Oren Frank, co-founder of Talkspace and former McCann Erickson Israel CEO, died at 61 in the U.S. after a brain cancer diagnosis. He helped build McCann’s creative and digital presence in Israel before founding Talkspace, which recently announced a major acquisition deal. Frank is survived by his wife and two daughters.

Israeli Food-Tech Company Beyond Oil Expands to 14 US Supermarkets with Used Oil Renewal Technology

Israeli food-tech firm Beyond Oil will deploy its used frying oil renewal technology in 14 US supermarkets, expecting over $500,000 in annual revenue. Concurrently, Sephora Collection launched in Israel, Israir gained US flight approval, and Toys R Us invests in a tech-driven concept store in Ra'anana. Bank Hapoalim opens a financial education center for children in Tel Aviv, Aviv Group announces leadership changes, and a state lawsuit demands 50.8 million shekels from Halamish and Tel Aviv Municipality.

Israel Resolves 35-Year Dispute to Open 120,000 Dunams for Solar Energy Above Agriculture

Israel Land Authority resolves a 35-year dispute over Negev agricultural lands, opening 120,000 dunams for combined solar energy and farming projects. The agreement enables 34 moshavim to develop agro-voltaic installations, enhancing renewable energy production while preserving agriculture. The resolution includes legal and financial settlements and is hailed as a major boost for the region's settlement and sustainable development.

Israeli Startup Irregular Highlights AI Cybersecurity Risks in Global Reports

Israeli startup Irregular was spotlighted by CNBC after AI models from OpenAI, Anthropic, and Meta accessed the internet during isolated cybersecurity tests due to a shared environment flaw. Irregular, specializing in AI security testing, confirmed the issue is resolved and continues collaborating with these companies. The events highlight challenges in safely testing advanced AI models.

Netanyahu Pushes Massive 400 Billion Shekel Defense Budget Ahead of Elections, Raising Tax Concerns

Prime Minister Netanyahu has ordered the urgent opening of a 400 billion shekel defense budget over 13 years ahead of elections, despite opposition from Finance Minister Smotrich. The move aims to address urgent military procurement needs but raises concerns about increased taxes, budget deficits, and legal challenges during the election period.

Geopolitical Tensions and Economic Data Shape Global Markets as S&P 500 Nears Historic Highs

Amid heightened geopolitical tensions and mixed economic data, global markets rallied with the S&P 500 reaching record highs. Iran's demands complicate Strait of Hormuz negotiations, while a weak U.S. jobs report lowers expectations for a Fed rate hike. Israeli markets showed mixed performance, and analysts predict cautious monetary policy moves ahead.

Israel Electricity Authority Clears Phoenix for Dorad Power Plant Expansion Despite Market Concentration Concerns

Israel's Electricity Authority ruled that Phoenix poses no competitive threat to expanding the Dorad power plant, despite market concentration concerns that blocked AdlTech's expansion plans. Institutional investors like Phoenix receive a more lenient regulatory approach due to their limited operational control, while AdlTech's significant holdings raise fears of market manipulation. Regulatory efforts continue to restructure ownership to prevent excessive concentration in Israel's electricity sector.

Sephora Collection Beauty Brand Officially Launches in Israel via GLAM42

Sephora Collection is officially launching in Israel through GLAM42, with products available from August 20 in pop-up stores at Azrieli malls and GLAM42 outlets, later expanding online. This marks the brand's first official entry into Israel, aiming to provide consistent availability previously limited to unofficial imports.

Holon Bans Shared Electric Scooters Starting September 17 Citing Public Safety Concerns

Holon will ban shared electric scooters starting September 17 to improve pedestrian safety and public space accessibility. The city aims to replace scooters with safer green transport options. The Shared Scooter Association criticized the ban, urging regulation over prohibition, warning it may increase private scooter use and car dependency.

Israeli Government Prepares Decisive September Vote on Zim Shipping Sale to German Firm and Israeli Fund

The Israeli government is set to hold a decisive meeting on September 9 to determine its official position on the $4.2 billion sale of Zim Shipping to German firm Hapag-Lloyd and Israeli fund FIMI. Most government bodies currently oppose the deal, citing national security and control concerns, while FIMI disputes these claims. The outcome will influence whether the sale proceeds under state golden share restrictions.

Israel Plans Real-Time Online VAT Payments to Combat Fake Invoices and Tax Losses

Israel's Tax Authority plans to implement a real-time online VAT payment system by 2027 to combat widespread fake invoice fraud causing annual losses of 15 billion shekels. The reform shifts VAT payments to a cash basis, requiring payment only upon receipt, and integrates digital invoicing directly with tax systems. This aims to reduce bureaucratic burdens and close loopholes exploited by fraudsters, improving government revenue collection.

Bank of Israel Denies Involvement in Netanyahu’s Plan to Boost Defense Budget by 400 Billion Shekels

The Bank of Israel denied involvement in Prime Minister Netanyahu’s directive to increase Israel’s defense budget by 400 billion shekels, clarifying it was not part of the decision process. The plan requires breaking the state budget during an election period to fund urgent military procurement, raising economic and political challenges.

Israel Reports Slight Drop in Corporate Bankruptcy Filings Amid Rise in Individual Cases in 2025

Israel's 2025 insolvency report shows a 35% drop in corporate bankruptcy filings but a 10.5% rise in individual cases, with new systems improving creditor payments and legislative reforms aiding debt resolution.

Chairman of Mifal HaPais Calls for Comprehensive Support Beyond Computers for Israeli Children

Itzik Lari, chairman of Mifal HaPais, warns that providing computers alone no longer closes educational gaps for Israeli children, especially those in conflict zones. He highlights the need for comprehensive support including infrastructure, emotional care, and academic programs to address trauma and inequality. Lari urges national leaders to commit to long-term investments that empower all children equally.

Israeli Tax Authorities Arrest Man for 25 Million Shekel Tax Fraud Scheme

Israeli tax authorities arrested Dudu Ohana from Rehovot for allegedly running a 25 million shekel tax fraud scheme using shell companies. His son attempted to destroy evidence by burning documents. Ohana was found hiding in a hotel suite in Hadera and remains in custody as investigations continue.

Israeli Stocks Rally on Wall Street Despite Playtika's Sharp Decline After Earnings Report

Last week on Wall Street saw strong gains amid weak U.S. employment data, benefiting Israeli stocks like JFrog and Siva. However, Playtika’s shares plunged nearly 24% after reporting mixed second-quarter results and cautious guidance. JFrog exceeded earnings expectations, rising 8%, while Siva gained 9% following a new partnership with a Chinese firm to launch advanced Bluetooth audio chips.

Israeli Police Adjust Speed Enforcement Thresholds Without Revealing Specific Roads

The Israeli Police Traffic Department will update speed camera enforcement thresholds based on local traffic and safety data, without changing speed limits or revealing specific roads affected. The changes aim to reduce road fatalities and injuries by focusing enforcement on higher-risk areas and will take effect soon.

US Court Delays $719 Million Collection Against Papaya Gaming Over False Advertising Case

A Delaware court has delayed collection of a $719 million judgment against Israeli Papaya Gaming over false advertising claims, allowing the company to continue operations while appealing. Papaya is also pursuing a supervised payment plan in Israel to manage the debt and maintain business continuity.

Turkey Eyes Sixth-Generation Fighter Jet Amid Regional Security Developments

Turkey is advancing its air force by considering joining a multinational sixth-generation fighter jet project while Israel expands defense cooperation with the UAE, including drone sales. Concurrently, opposition linked to Iran's Supreme Leader's family seeks to establish an alternative Islamic government, signaling growing internal dissent.

Serbia and Israel to Launch Joint Drone Manufacturing Plant in Europe This September

Serbia and Israel will open a joint drone manufacturing plant in Europe, launching between September 15-20, following a $1.63 billion defense deal. The partnership includes advanced missile and intelligence systems supplied by Israel's Elbit Systems, marking a major expansion of Israeli defense exports in Europe.

Former Israeli High-Tech Employees Urged to Form Support Networks and Strategize Job Searches

After recent layoffs in Israel's high-tech sector, veteran Mor Shlezinger advises forming support groups and strategic job search plans to improve outcomes. She highlights the importance of tailored resumes, focused networking, structured routines, and peer mock interviews. Shlezinger also stresses separating one's identity from the layoff event and regaining control through proactive steps.

Miri Regev’s Tenure as Israel’s Transport Minister Shows Mixed Results on Road Safety and Public Transit

Since December 2022, Israel’s Transport Minister Miri Regev has faced rising road fatalities and mixed budget execution, while public transit ridership recovers gradually. Despite criticism, she launched a major road safety plan and increased transport investments. The ministry disputes some data interpretations, citing official statistics showing recent safety improvements.

How to Verify If Your Apartment Discount Is Truly Beneficial in Israel's Housing Market

Israeli developer Frashkovsky is holding a digital auction offering apartments at 10%-15% below previous sales prices across several cities. Experts warn that official price lists are inflated for negotiation, so buyers should compare market data and consider payment terms. Cash buyers can secure the largest discounts, while developers' minimum prices limit flexibility. The auction reflects a presale strategy rather than a market-wide price drop.

Court Awards Partner Half of Apartment After 21 Years Despite Will Favoring Son

An Ashdod court awarded a man half ownership of an apartment he shared with his late partner for 21 years, despite her will leaving it to her son. The court recognized their common-law partnership and his financial contributions, ordering the son to pay legal costs.

Israeli Investors Weigh Election Impact Amid Political Uncertainty and Market Trends

With Israel's upcoming elections in three months, investors analyze historical trends and expert opinions on how political outcomes may affect the stock market. While elections historically reduce uncertainty and boost returns post-election, recent repeated elections and global challenges have complicated this pattern. Experts recommend focusing on economic fundamentals and diversified portfolios amid potential volatility. Four election scenarios range from stable governments to repeated elections, with a broad unity government seen as most favorable for markets. Key sectors identified for investment include renewables, banking, infrastructure, and defense, reflecting structural economic trends.

Old Herzliya Home Sells for Half the Price of New Villas in Neve Amal Neighborhood

An old two-family house in Herzliya's Neve Amal neighborhood sold for 3.8 million shekels, about half the price of new luxury villas nearby. The neighborhood's 2015 renewal plan increased building rights, prompting many owners to sell old homes to wealthier buyers who build larger houses. The sold property, originally built in 1951, was expanded over time and recently split from a larger plot. Experts say the price reflects current market values and a significant land value increase over two years.

Haim Katzman Cancels Sale of Global Real Estate Firm Amid Control Disputes

Haim Katzman, founder and CEO of global real estate firm G City, canceled a 2.55 billion shekel sale to Tzachi Abu amid disputes over control. Katzman’s reluctance to relinquish control has led to repeated takeover battles, with G City’s stock value declining sharply due to heavy debt. Despite past failed deals, Katzman plans to find a strategic buyer and will soon step down as CEO, passing leadership to his deputy.

Pentagon Urges Defense Industry to Rapidly Boost Weapons Production Amid Iran Conflict

The Pentagon is pressing defense industries to rapidly increase weapons production due to ammunition shortages from the Iran conflict, while a new Middle Eastern defense alliance forms and regional tensions escalate.

Tech Entrepreneur's Attempt to Build New Nation Faces Setbacks in Malaysia

Yoav Segalovitz’s Potential Alliance with Mansour Abbas Fails to Shift Israeli Election Polls

Recent polls show Likud leading Israel’s upcoming elections, with Yisrael Beytenu gaining ground under Gadi Eizenkot. Yoav Segalovitz’s potential alliance with Mansour Abbas’s Ra’am party has not yet shifted voter support significantly, though opposition voters show some backing for this move. Netanyahu demands a large defense budget transfer during the campaign, indicating a high-stakes election period.

Investment Manager Compares Stock to Buying a Bunker Amid Tel Aviv 35 Index Surge

Investment manager Netanel Ariel recommends a stock likened to "buying a bunker" amid a new peak in the Tel Aviv 35 Index, while Israeli banks prepare to list on Wall Street and AI-driven investments outperform benchmarks.

Fields Medalist Jacob Zimmerman Joins OpenAI to Focus on AI Safety Amid Existential Concerns

Jacob Zimmerman, Fields Medal-winning mathematician with Israeli roots, joins OpenAI to focus on AI safety amid fears of existential risks. He aims to apply mathematical rigor to ensure AI systems do not threaten humanity, while continuing his mathematical research.

Samsung Launches New Square-Style Foldable Galaxy Z Fold 8 with Premium Features

Samsung launched the Galaxy Z Fold 8 with a new square-like design, premium features, and improved displays. It offers strong performance and multitasking but has camera and price limitations. The foldable market in Israel is currently dominated by Samsung, with competition expected to increase.

Investors Buy Renovated 3-Room Apartment in Bat Yam Ahead of Tama 38 Project

A renovated 3-room apartment in Bat Yam sold for 1.63 million shekels as a Tama 38 urban renewal project begins, adding space and an elevator. The buyers are a young couple investing in a sought-after neighborhood near the sea and light rail. The market shows growing investor interest amid a large supply of second-hand apartments.

Israeli Study Finds Team Autonomy Key to Agile Success in Rapidly Changing Work Environments

Researchers at Tel Aviv University found that team autonomy and flexible work design, not just agile methods, enable rapid adaptation to change. Their study of 192 Israeli software teams shows that true agility requires empowering teams to make decisions and adjust priorities independently, especially in dynamic environments. This approach helps teams maintain performance despite disruptions like reserve duty or shifting client demands.

US Joint Chiefs Chair Seeks Quiet Exit Strategy from Iran Conflict

US Joint Chiefs Chairman General Dan McKenzie is quietly pushing for a way to end the escalating conflict with Iran, warning that military escalation risks backfiring. He has discussed concerns with senior officials to present a unified warning to President Trump, who prefers airstrikes over ground troops. Meanwhile, Israeli forces investigated a border fence breach near Zikim but found no suspects.

Israeli Competition Authority Warns Against Informal Bank Chair Meetings Amid Monopoly Crackdown

Yael Sheinin, outgoing legal advisor of Israel's Competition Authority, warns that informal WhatsApp chats between bank chairs risk illegal collusion. She highlights evolving cartel tactics and ongoing investigations into major mergers and monopolistic practices, including cases against banks and El Al Airlines. The authority enforces strict regulations to promote competition and prevent abuse of market power.

Wall Street Futures Rise Ahead of Key US Jobs Report Amid Middle East Tensions

Wall Street futures rise ahead of the US July jobs report expected to show steady job growth and a slight unemployment increase. Oil prices surged over Middle East tensions and shipping restrictions in the Strait of Hormuz. Asian markets closed mixed amid strong Chinese export data.

Avissaror Reveals Narrow Margins and Risks in Lod Residential Project Ahead of IPO

Avissaror disclosed that its Lod residential project faces less than 7% gross profit margin, with most apartments unsold and risk of losses if prices fall. The project is part of a large government-backed development but struggles amid infrastructure delays and market saturation. Land prices have dropped significantly since purchase, and sales have slowed, illustrating risks in real estate development during market downturns.