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Globes
Hebrew business daily covering markets, companies and the economy. We translate its reports into English and compare them with 43 other newsrooms.
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FundingCommercial advertising and subscriptions
Language and baseHebrew · Rishon LeZionFounded 1983
The last 30 days
833reports translated
75%first to report
140 mintypical time behind the first report
100%carry a named author
0%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 Globes writes
Globes's tone this month is neutral. On the United States, Netanyahu, the Bank of Israel, the police and the Knesset its wording is in step with the other newsrooms.
From 796 reports this month, judged without the newsroom's name. How this is measuredOnly Globes had it
European Aviation Grapples With Bomb Threats Amid Security WeaknessesSecurity · 1h agoIsrael's Shared Taxi Service Collapses Amid Failed ReformSecurity · 3h agoSamsung's Galaxy Tab S12 Ultra: A Powerful Tablet That Questions Its Own ValueTech · 4h agoBig stories Globes skipped
Israel Strikes Hamas Commander at Gaza Hospital, Cites Hostage DetentionCovered by 21 newsroomsIsrael's Attorney General Ordered to Appear in Netanyahu TrialCovered by 20 newsroomsFrance Bars Israeli Settler Leader Yossi Dagan Over West Bank ActivityCovered by 19 newsroomsLatest from Globes
Economy · 8h agoBat Yam Apartment Sold at a Loss Amidst Market ShiftA 2.5-room apartment in Bat Yam was sold for 1.62 million shekels, a loss for the sellers who bought it for 1.66 million in 2022. The sellers recognized market conditions and accepted a lower offer to upgrade their own home. The buyers are a young couple investing in the property, which is part of a building undergoing urban renewal. A local real estate agent noted a market recovery in Bat Yam with increased interest from local and international investors.Economy · 1d agoBezeq Seeks to Grant $10 Million in Stock Options to Two Senior ExecutivesBezeq is seeking shareholder approval to grant stock options worth approximately NIS 10 million to Chairman Tomer Ra'abad and CEO Nir David. The options will vest over three years, with exercise prices set based on market conditions. The company cited the executives' contributions to strategic initiatives and business success as justification for the proposed grants. Shareholders will vote on the proposal on December 21.Economy · 1d ago · also in 5 newsroomsArkia Employees Seek New Investor to Block Sale DealArkia's employees are attempting to find a new investor to submit a competing bid for the airline before a Monday deadline, aiming to protect their stake. The current deal, signed by the Nakash brothers with a group led by Kidyan Dahari and Yaron Adib, involves a $45 million capital injection but faces challenges due to Arkia's projected significant losses. The employees' union is negotiating with potential investors to secure their future and share in the company.Economy · 1d agoNew Tax Law Crushes Small Commercial Real Estate InvestorsA new Israeli tax law, the "trapped profits" law, is severely impacting small and medium-sized commercial real estate investors. The law forces companies to pay annual taxes on undistributed profits or distribute dividends, significantly reducing net returns to below 3%. This is causing financial hardship, eroding equity for developers with bank loans, and is expected to lead to market consolidation favoring large corporations.Economy · 1d ago · also in 2 newsroomsUnassuming Investors Poised to Acquire Arkia AirlineA group of Israeli businessmen, including Yariv Lerner, Yaron Adib, Kidyan Dahari, and Einav Adib-Berrer, are reportedly set to acquire the airline Arkia. While not known for aviation experience, the investors have a strong track record in revitalizing distressed companies. Lerner has led turnarounds at Wecom and Negev Ceramics, while Adib and Dahari have successfully managed real estate ventures. Adib-Berrer has a history of entrepreneurial success, including founding a diaper company and a private medical center.Economy · 1d agoIsraeli Investors Buy Nvidia Stock Amid CEO's Departure and Spy AllegationsIsraeli retail investors aggressively bought Nvidia stock on Thursday, viewing a 4.3% price drop as a buying opportunity, despite allegations surrounding founder Jensen Huang. One-third of trades at investment house IBI involved Nvidia, with 85% being buy orders, signaling optimism for recovery. This contrasts with some Wall Street analysts who have downgraded the stock, though most maintain positive ratings.Economy · 1d agoTenant Representative Body Exceeded Authority in Choosing Lawyer, DeveloperThe Urban Renewal Authority ruled that a tenant representative body in Ra'anana exceeded its authority by selecting a lawyer, managing the developer selection, and appointing an appraiser without explicit owner consent. Superintendent Naama Urbach Fox stated that a representative body acts only as a coordinator and cannot make substantive decisions or choose professionals without proper authorization. The ruling also clarified that retroactive owner approval does not legitimize actions taken without proper authority at the time.Economy · 1d agoIsrael Launches New Housing Tender in Arab Towns After Past FailuresIsrael has issued new tenders for 870 subsidized housing units in Kafr Qasim, Jaljulia, and Kafr Bara, following multiple past failures to attract developers. Previous tenders for over 2,100 units in these towns since May 2023 received no bids. Experts cite competition and market mismatches as reasons for the failures, exacerbated by current economic conditions and the ongoing war.Economy · 1d agoSkoda's New Electric Crossover Aims for Practicality Amidst Market ChallengesSkoda has launched its new electric crossover, the Elroq, in Israel, aiming for practicality in a shrinking EV market dominated by Chinese brands. Priced from 183,000 shekels, the Elroq offers a conservative design, comfortable interior, and a 400 km real-world range, but faces stiff competition from more affordable and better-equipped Chinese models. The vehicle is positioned as a sensible choice for consumers wary of Chinese EVs or prioritizing function over size.Economy · 1d agoNvidia's Impact Drives Israeli Economic Growth FiguresIsrael's economic growth figures are heavily influenced by Nvidia's activities, particularly through its acquisition of Mellanox. Without Nvidia's contribution, the country's GDP growth would be significantly lower, impacting policy decisions and international forecasts. For instance, growth was 3.5% last year, but only 2.1% without Nvidia. This reliance has led to concerns regarding potential impacts from recent developments at the tech giant.Economy · 1d agoTel Aviv Stock Exchange Opens Amid Global Uncertainty and Tech Sector VolatilityThe Tel Aviv Stock Exchange is opening amidst global uncertainty, including developments at Nvidia, a potential Tesla-SpaceX merger, and geopolitical tensions. Investors are reacting to Wall Street's volatility and rising U.S. Treasury yields. Dual-listed stocks offer slight support, while individual stocks like Next Vision and Delta Galil showed positive movement yesterday. Asian markets are mixed, and the Japanese yen is weakening against the dollar. U.S. futures point to a negative opening, following yesterday's declines on Wall Street.Economy · 1d ago · also in 1 newsroomNvidia Employees in Israel Fear Stock Option Losses Amid CEO ScandalNvidia employees in Israel are facing significant financial losses and anxiety as the company's stock plummets following revelations about CEO Jensen Huang's personal conduct. Huang admitted to extramarital affairs, leading to a stock drop of approximately 12% this week and 30% since October. Many of the 6,000 Israeli workers, who have benefited greatly from equity compensation, are now seeing hundreds of thousands, or even millions, of dollars in paper losses.Economy · 1d agoIsraeli Retailer Osher Ad Masters Consumer Frenzy with Squishy Toy BundlesIsraeli supermarket Osher Ad is experiencing a surge in demand for squishy toys resembling popular brands, with a pricing strategy that limits purchases by increasing the cost of additional units. Meanwhile, a senior Israeli Tax Authority official, Nili Ben Tovim, defended a proposed new tax on flights, sparking a debate about its potential impact on consumers and industries.Economy · 1d agoChinese Car Importers Signal End to Price Wars with 2027 IncreasesChinese car importers have notified Israeli leasing companies of price increases set to begin in early 2027. This shift is driven by China's decision to reduce VAT rebates on electric and hybrid vehicle exports starting April 1, 2027. The move aims to curb aggressive pricing and establish higher export bases, impacting more affordable Chinese models significantly. Despite the policy change, substantial existing inventories in Israel may delay the full effect of price hikes until later in 2027.Economy · 1d agoMizrahi Tefahot Bank Ad Dominates Recall RankingsMizrahi Tefahot Bank's new advertising campaign, featuring actresses Gia Beer Gurvitz and Dvir Bendek, has topped the weekly recall rankings. The ad promotes the bank's offer to fund children's activities up to NIS 1,000 annually. "Insurance 9" starring Oudi Kagen remained the most popular ad for a second week. Total advertising investment rose to NIS 91 million this week, with Cal and One Zero leading spending.Economy · 1d ago · also in 2 newsroomsNew Arkia Owners Face Labor Dispute and Deep Financial WoesThe Nakash family is selling its controlling stake in Arkia airline for an estimated NIS 40-50 million to a group led by Kidyan Dahari and Yaron Adib. The new owners face an immediate labor dispute declared by the Transport Workers Union and deep financial losses, projected at $50-60 million for the year. An aviation expert believes the investors will stabilize the company short-term but warns of long-term challenges in achieving profitability and improving service quality, noting the buyers' lack of industry experience.Economy · 2d agoAonix Reports Strong Revenue Growth Fueled by Israeli Acquisitions, Despite Net LossAmerican defense firm Aonix reported third-quarter revenues of $167 million, exceeding analyst expectations due to acquisitions in Israel. Despite revenue growth, the company posted a net loss of $62.6 million. Aonix projects significant revenue increases for 2026 and 2027, aiming for positive EBITDA by Q3 2027. The company has appointed former Mossad chief David Barnea to a senior role.Economy · 2d ago · also in 10 newsroomsNakash Family Sells Control of Arkia Airlines for $45 MillionThe Nakash family is selling its controlling stake in Arkia Airlines for $45 million to a new group of investors including Kidon Dahari, Yaron Adib, Yariv Lerner, and Einav Adib-Berrer. The deal includes a $30 million investment from the buyers, $8.5 million from the Nakash brothers, and $7.8 million from the state. Arkia has incurred significant losses due to rising fuel costs, and the airline's employees are currently opposing the sale. The new owners aim to stabilize the company and improve its operations.Economy · 2d ago · also in 8 newsroomsArkiea Workers Declare Labor Dispute Amidst Sale UncertaintyThe Transport Workers Union declared a labor dispute at Arkiea airline due to unilateral actions by owners, including job cuts and route cancellations, raising fears of insolvency. The union criticized the owners for not advancing a potential sale, stating employees are not bargaining chips. The union vowed to prevent workers from being held hostage in ownership disputes.Economy · 2d agoTax Authority Official Sparks Debate Over Proposed Flight TaxNili Ben-Tovim, a senior official at the Israel Tax Authority, defended a proposed tax on flights, sparking widespread debate online. The proposed tax, intended to address environmental and noise pollution, could add up to NIS 100,000 per flight, translating to an estimated NIS 12-274 per passenger. Critics argued the tax would harm the economy and tourism, while Ben-Tovim explained it addresses un-taxed environmental externalities. She also shared data indicating the tax burden falls heavily on the wealthiest Israelis, prompting further discussion on retaining high earners.Economy · 2d ago · also in 1 newsroomTaiwan Eyes Israeli Public Transport Market Amidst Chinese InfluenceTaiwan's Deputy Minister of Foreign Affairs, François Wu, expressed interest in entering Israel's public transportation market, potentially challenging China's significant existing role. Taiwan offers advanced public transport experience, including high-speed rail and metro systems, and its companies are active in providing technological solutions. This move comes amidst increasing U.S. pressure against Chinese involvement in Israeli infrastructure projects. Taiwan's potential entry is seen as a visible sign of strengthening ties between Taiwan and Israel.Economy · 2d agoTel Aviv New Apartment Sales Plummet 60%, Haifa Leads MarketNew apartment sales in Tel Aviv plunged 60% in Q3 2026, leading to a 5% rise in unsold inventory. Haifa unexpectedly took the top spot in total property transactions for the first time, driven by new construction and a strong second-hand market. Nationwide sales fell 6% in the quarter, with subsidized housing making up a significant portion of new sales, indicating market stagnation.Economy · 2d agoHachshara Insurance Confirms Entry Into Provident Funds MarketHachshara Insurance confirmed its intention to enter the provident funds market, with its subsidiary applying for a license from the Capital Markets Authority. The company, owned by Eli Elezra and managed by Shimon Miron, aims to manage NIS 50 billion in assets within four years. This move marks the first significant new entrant into the market in years, as the sector's assets have grown to NIS 1.1 trillion.Economy · 2d agoDollar Strengthens Against Shekel Due to Global Uncertainty and Bank of Israel Policy ShiftThe US dollar has strengthened against the Israeli shekel, reaching near 3.2 shekels per dollar, driven by global uncertainty and a policy shift by the Bank of Israel. The central bank's decision to cut interest rates and purchase foreign currency, alongside global rate hikes, has weakened the shekel. The dollar's safe-haven status is also a major factor. Hedging costs have quadrupled, impacting investor behavior, with expectations pointing to a continued weaker shekel in the low 3s.Economy · 2d ago · also in 1 newsroomCal CEO Seeks Extension for Discount Bank's Share SaleCal CEO Yafit Grani met with Ministry of Finance Director General Israel Meilach to request an extension for Discount Bank's sale of its 72% stake in Cal. The original deal with Union-Harel collapsed due to regulatory issues, and the bank has struggled to secure approval. Concerns remain about Cal's valuation and the political climate, complicating the sale process.Economy · 2d agoNvidia Stock Plunge Hits Israeli Institutional Investors HardNvidia's stock has plummeted 32.5% from its peak due to reports concerning CEO Jensen Huang, impacting global markets. Israeli institutional investors, including Menora Mivtachim and Harel Investments, face significant paper losses totaling hundreds of millions of dollars. Despite the downturn, some firms like Harel and Phoenix increased their Nvidia holdings in the third quarter.Economy · 2d agoWolt Israel CEO Aims for Dominance in All Israeli PurchasesTomer Cohen, the new CEO of Wolt Israel, aims to expand the delivery service into a comprehensive retail platform, making it the first choice for all Israeli purchases. The company is focusing on non-restaurant deliveries, including groceries and other goods, and is working to adapt its services for the Arab and Haredi communities. Wolt Israel is also a hub for innovation within its parent company, DoorDash, and is navigating challenges such as courier relations and road safety.Economy · 2d agoEfi Nechasim Reports 15% Net Profit Rise Despite Slow Apartment SalesEfi Nechasim reported a 15% increase in net profit for the third quarter of 2026, reaching NIS 512 million, despite selling only four apartments at its Tel Aviv Landmark project during the quarter. The company's net operating income and AFFO also saw significant year-over-year growth. While Tower B of the Landmark project nears completion with most office space leased, apartment sales have been slow, with only 15 units sold year-to-date. The company's overall financial performance was boosted by European projects and existing property improvements.Economy · 2d agoFormer Executive Dalia Feldheim Advocates for Empathetic LeadershipDalia Feldheim, a former executive, is promoting a leadership style centered on empathy and relationship-building, as detailed in her book "Dare to Lead Like a Girl." Her philosophy contrasts with demeaning management styles she experienced, advocating for "soft skills" crucial for modern business. Feldheim's career includes impactful campaigns for Always, and she now consults for major tech companies, emphasizing human connection and "Return on Interaction" for organizational success.Economy · 2d agoAssaf Eldar Tapped as New CEO of Direct Insurance (IDIA)Assaf Eldar has been appointed the new CEO of Direct Insurance (IDIA), replacing Kobi Haber. Eldar, previously deputy CEO at Discount Bank, will lead the largest property and casualty insurer in Israel. The company emphasizes direct customer engagement and digital methods to reduce costs.More from Globes