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Language and baseHebrew · Tel Aviv
The last 30 days
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65%first to report
199 mintypical time behind the first report
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Ice's tone this month is neutral. On Netanyahu, the United States, the IDF, the police and Eisenkot its wording is in step with the other newsrooms.
From 3,423 reports this month, judged without the newsroom's name. How this is measuredOnly Ice had it
Analyst Sparks Outrage by Claiming Right-Wing Voters Can't Do MathPolitics · 1h agoReporter Accuses Channel 14 of Favoring Netanyahu's Likud PartyPolitics · 2h agoChannel 14 Exit Poll Drama: Lieberman's Party Eliminated, Right Bloc GainsPolitics · 2h agoBig stories Ice skipped
Gun Theft at Givat Shmuel School Sparks Parental PanicCovered by 23 newsroomsIsrael's Election Day: Voting Hours, Free Transport, and Weather ForecastCovered by 22 newsroomsRecord Turnout in Israeli Elections: 77.7% Voted by Poll ClosingCovered by 16 newsroomsLatest from Ice
Economy · 6h agoIsraelis Spent Billions on Election Day, Favoring Physical StoresIsraelis spent over 1.141 billion shekels on Election Day, marking a significant increase from previous elections and a preference for physical stores. The peak spending minute saw 3.61 million shekels transacted. Food and fashion were the leading sectors, while online sales declined sharply in favor of in-person shopping. Shopping mall traffic also saw considerable growth.Economy · 7h agoReal Estate Market Shift Leads to Significant Price Drops for SellersThe Israeli real estate market has shifted to a buyer's market, forcing sellers to offer larger discounts on properties that remain unsold for extended periods. Data shows that waiting six months instead of two can double the required price reduction in some cities, potentially costing sellers up to 150,000 shekels on higher-priced apartments. Kiryat Ata and Hod Hasharon are among the cities experiencing the most significant increases in discounts over time.Economy · 8h ago · also in 1 newsroomIsraelis Spend Over $300 Million on Election Day, Clothing Tops PurchasesIsraelis spent a record 1.141 billion shekels on election day for the 26th Knesset, a 41.2% increase from the 2022 elections. The apparel and footwear sector saw the largest surge in purchases, while food and beverages captured the biggest share of spending. Physical retail stores experienced a significant boom, with 66% of transactions occurring in person. Residents of the Galilee and southern regions reported the highest average spending per card.Economy · 9h agoApartment Supply Dips in Central Israel, Prices Expected to RiseIsrael's housing market shows a significant supply drop in central cities like Holon, with prices expected to rise due to low inventory and steady demand. Peripheral cities such as Migdal HaEmek are experiencing a surge in apartment supply. Earlier data from June also indicated rising demand and falling supply in cities like Modi'in and Beit Shemesh, impacting price expectations.Economy · 9h agoBank Hapoalim CEO Funds Taxis for Employees and PensionersBank Hapoalim CEO Yadin Antabi announced a new initiative to fund taxi rides for employees and pensioners struggling to reach polling stations on election day. The bank will reimburse travel costs upon receipt submission, aiming to remove transportation barriers for voters with mobility issues. This follows other efforts like free public transport and the Fly&Vote project for Israelis abroad.Economy · 10h ago · also in 1 newsroomIsraeli Plastic Manufacturer Starplast Faces Liquidation Over Millions in DebtBank Hapoalim has asked a court to liquidate Israeli plastic manufacturer Starplast due to approximately 29.8 million shekels in unpaid debt. The company, founded in 1967, has faced financial crises from rising costs, a strong shekel, and European boycotts. Despite a demand for repayment and failed investor talks, the debt remains outstanding. The court has not yet issued a decision.Economy · 11h ago · also in 4 newsroomsIsrael Election Day Sales: Retailers Offer Deep DiscountsIsraeli retailers are offering significant discounts and tax-free deals on election day, with promotions spanning fashion, technology, beauty, and home goods. Major brands like Samsung, Castro, and IL MAKIAGE are participating in the sales events. The offers are available both in-store and online, providing a final opportunity for consumers to save before the holiday concludes.Economy · 11h agoIsraeli Shekel Strengthens Significantly Against Dollar and EuroThe Israeli Shekel strengthened significantly against the dollar and euro on Tuesday, continuing a trend from the previous day. The dollar fell below 3.05 shekels as investors closely watch the general elections for potential economic policy shifts. While the strengthening Shekel may help curb inflation by lowering import costs, it poses challenges for exporters.Economy · 12h ago · also in 2 newsroomsIsraeli Malls See Surge in Shoppers on Election Day Amid SalesIsraeli malls saw a significant rise in shoppers on election day, a national holiday, with promotions driving traffic. While visitor numbers were down 20% compared to the previous election, they were up 38% from a regular weekday. Malls like Seven Stars in Herzliya reported over 150% increases in visitors. Retailers are preparing for deeper discounts later in November, advising consumers to wait for better deals.Economy · 12h agoIsraeli Company Launches Digital Shekel Stablecoin After Regulatory ApprovalIsraeli crypto firm Bits of Gold received regulatory approval to launch BILS, a stablecoin pegged 1:1 to the Israeli shekel. The digital currency, backed by shekel reserves, aims to enable 24/7 transactions and integration with blockchain-based financial applications. Its success hinges on adoption, fees, and demand, amid a period of shekel strengthening against the dollar and euro.Economy · 12h agoAir Haifa Offers 30% Discount on European Flights in Election Day PromotionIsraeli airline Air Haifa ran an election day promotion offering a 30% discount on international flights throughout November 2026. Customers voted on Facebook to decide the discount, which was valid for bookings made by midnight on October 27th. The promotion excludes taxes and baggage, and tickets are non-changeable. Air Haifa also noted its flexible cancellation policy and its expanded flight network.Economy · 12h agoIsraeli Businessman Harel Wiesel to Receive Prestigious Bialkin Leadership AwardIsraeli businessman Harel Wiesel, CEO of the Fox Group, will receive the Kenneth J. Bialkin Leadership Award at the "Partners for Democracy Awards Gala 2026" in New York on November 10, 2026. The award recognizes his contributions to strengthening U.S.-Israel business ties, particularly by bringing major American brands like Nike and American Eagle to Israel. Wiesel's career began with selling t-shirts and evolved into building the FOX brand and securing numerous international franchises.Economy · 12h ago · also in 3 newsroomsTel Aviv Stock Exchange CEO to Receive Multi-Million Shekel Bonus Amidst Market SurgeThe Tel Aviv Stock Exchange shareholders approved significant bonuses for executives, including CEO Itai Ben-Zeev, whose stock has risen 2,500% under his leadership. Ben-Zeev will receive a retention bonus of NIS 3.5 million, contingent on his continued service until June 2032, alongside additional shares and options. Chairman Eugene Kandel also received equity compensation. The exchange's stock has surged 66% this year, and management plans 15-18% annual revenue growth over the next five years.Economy · 13h agoNunu Mimi Restaurant Group Offers Stock Options to Senior StaffThe Nunu Mimi restaurant group is offering stock options to about 70 senior employees as a strategy to improve retention and address labor shortages. This move could precede a public offering on the stock exchange or a strategic sale of the company. The group has recently expanded through acquisitions, strengthening its position in the Israeli market.Economy · 13h agoUltra-Orthodox Buyers Drive Up Housing Prices in Beit ShemeshApartments in a new Beit Shemesh project are selling for up to 44,000 shekels per square meter, prices comparable to Tel Aviv, due to high demand from the ultra-Orthodox community. A 97-square-meter garden apartment sold for 4.23 million shekels, and a penthouse is listed for 25 million shekels. This surge in prices is transforming the market in Beit Shemesh, a city previously considered economically weaker.Economy · 14h ago · also in 1 newsroomIsraeli Tech Startup CoreTigo Collapses, Sold for $350,000Israeli startup CoreTigo, which raised $45 million, has been sold for $350,000 to Japanese company Aeterlink Corp. The company, founded in 2017 to develop industrial wireless communication solutions, collapsed due to extreme dependence on a single client. A crisis in the German automotive industry in 2025 led to order postponements, causing a cash flow shortage. The company petitioned for insolvency in January 2026, and its assets were sold in February 2026.Economy · 15h ago · also in 17 newsroomsIsraelis Shatter Spending Records on Election DayIsraelis spent NIS 250.78 million on election day for the 26th Knesset, a 26.5% increase from the previous general election. The peak spending hour saw NIS 2.39 million transacted in just one minute. While fashion and dining saw significant boosts, food delivery services experienced a 78% drop as people opted for in-person activities.Economy · 16h ago · also in 4 newsroomsIsraelis Flock to Sales on Election Day, Spending SurgesIsraeli retailers are offering significant discounts and promotions on Election Day, leading to a surge in consumer spending. By mid-morning, transaction volumes were up 13% year-over-year, with the fashion sector seeing a nearly 200% increase. Major shopping hubs like Tel Aviv Port are featuring numerous deals on apparel, food, and home goods. Tech and electronics retailers are also participating with special offers on popular brands, while cinemas and bookstores are providing discounts on entertainment and books.Economy · 16h ago · also in 2 newsroomsDan Transportation Completes Ownership Transfer, Founders Retain Significant StakeDan Transportation has finalized its acquisition, distributing 132 million shekels to 177 members selling shares. The private investment group, led by CEO Ofir Karani, now holds 57% of the company. Despite initial plans to buy more, most veteran members retained their stakes, signaling confidence in future growth and a potential stock market listing. The company is also expanding its operations and infrastructure projects.Economy · 17h agoTop 5 Israeli Real Estate Stocks That Soared for Investors in 2026Real estate stocks on the Tel Aviv Stock Exchange have seen varied performance in 2026, with some companies surging while major players lagged. Oron Group led with a 148% increase, followed by Mega Or (83%), E.E.S. Holdings (66%), Omer Engineering (43%), and G City (42%). Despite the strong performance of these top five, the overall real estate and construction indices have declined. This ranking highlights companies with market caps over one billion shekels.Economy · 17h ago · also in 2 newsroomsDan Transportation Completes Major Shareholder Exit, Investors Gain ControlDan Transportation has finalized its acquisition, distributing 132 million shekels to 177 members selling shares, with private investors now holding 57% control. Many veteran employees chose to retain their stakes, signaling confidence in the company's future, possibly ahead of a stock market listing. The overall deal was valued at 2.1 billion shekels, with Dan undergoing a significant expansion and transition to a corporate structure.Economy · 17h agoReal Estate Expert Urges Next Israeli Government to Tackle Market CrisisReal estate appraiser Erez Cohen urged the next Israeli government to address the property market's decade-long crisis. He recommended reducing purchase tax, streamlining the Israel Land Authority, and increasing foreign worker permits to lower construction costs. Cohen believes these actions will revive sales, stabilize rentals, and prevent further economic decline in the sector.Economy · 17h agoReal Estate Slowdown Continues, Developers Face Squeezed ProfitsIsrael's real estate market is experiencing a slowdown, with developers lowering prices and buyers becoming more cautious, according to former Contractors Association chairman Avi Zeituni. While demand persists, particularly in certain regions, economic uncertainty and interest rate policies are impacting sales. Zeituni believes a return to stability, coupled with more significant interest rate cuts, is needed for market recovery. He also noted that developer profit margins have decreased, with some projects yielding only 3-4% profit.Economy · 19h ago · also in 2 newsroomsIsraeli Retailers Brace for Election Day Shopping SurgeIsraeli retailers, including Osher Ad, are preparing for a significant surge in shopping on election day, a national holiday. Projections estimate 1.8 to 2 billion shekels in credit card spending, with malls expecting triple the usual foot traffic. Various sectors anticipate revenue increases of 50% to 100%, a trend consistent with previous election days.Economy · 19h ago · also in 1 newsroomNational Insurance Distributes October Pension Payments and Heating GrantsThe National Insurance Institute will distribute final major pension payments on October 28, 2026, and has begun issuing the annual heating grant. The heating grant for 2026 is NIS 664 per family, an increase from last year, aimed at helping seniors with winter expenses. Eligibility for the grant is based on age, pension type, and income supplement criteria. Those who qualify but haven't received the payment should contact National Insurance.Economy · 20h agoGlobal Markets Jittery Amid Iran Tensions and US Election UncertaintyGlobal markets are experiencing volatility due to escalating tensions with Iran and uncertainty surrounding upcoming US elections. Foreign reports suggest potential US-Israeli strikes on Iran, prompting a rise in oil prices and a drop in US Treasury yields as investors seek safe havens. Tech stocks have seen significant declines, with the S&P 500 falling despite most individual stocks rising, a rare occurrence attributed to the heavy weighting of major tech companies.Economy · 20h agoShoval Engineering Seeks Court Approval to Extend Option ExpirationPublic real estate firm Shoval Engineering has asked a court to extend the expiration of its Series 1 options by one year to January 2028. The company's stock has fallen 21% this year, making the options out-of-the-money. Extending the options, which could bring in NIS 28.25 million if exercised, is seen as beneficial for the company's liquidity and operations. The court has been asked for an expedited approval process.Economy · 20h agoBank of Israel's Growth Forecast Faces Scrutiny Over Real Economic PictureThe Bank of Israel has raised its economic growth forecasts for 2026 and 2027, but Psagot Investment House analysis suggests a more complex picture. Excluding foreign-based exports, particularly Nvidia chip sales, the projected growth is significantly lower, indicating a potential slowdown. Economic activity and labor market data also present mixed signals, with AI potentially impacting job openings. Political uncertainty and budget needs may affect future interest rate decisions.Economy · 21h agoTop Israeli Insurers See Stock Gains Exceeding 46% in 2026The top five Israeli insurance stocks have gained over 46% on the Tel Aviv Stock Exchange in 2026. Ayalon Insurance led with a 120.33% increase, followed by Harel Investments at 66% and The Israeli digital insurer at 53.78%. Clal Business Insurance and Phoenix Insurance rounded out the top five with gains of 49.97% and 46.39% respectively. The performance reflects strong investor sentiment in the insurance sector.Economy · 21h agoIsraeli Real Estate Stocks Surge 8% Amid Security Adaptation and DemandIsraeli real estate stocks have jumped 7-8% in the last month, driven by investor adaptation to security risks and a worsening housing supply shortage. Companies like Beit B'Kfar and Danya Sibas saw significant gains, while others with high leverage faced difficulties. The rebound is fueled by anticipated pent-up demand for protected housing units once security stabilizes.Economy · 22h agoSupermarket Online Prices Significantly Higher Than In-StoreA Channel 13 News investigation found that online grocery prices are significantly higher than in-store prices at major Israeli supermarket chains, with Rami Levy showing the largest average difference of nearly 9%. Extreme price hikes were noted for individual items like deodorant and clementines. Retailers cite delivery and picking costs, while experts suggest convenience also allows for premium pricing. This occurs amid a broader trend of sharp food price increases in Israel.Economy · 23h agoBank Leumi CEO Promises Faster ATM Transactions Amid Customer FeedbackBank Leumi CEO Hanan Friedman announced that the bank is working on upgrades to significantly reduce transaction times at its ATMs, responding to customer feedback on X. This initiative is part of Friedman's broader effort to engage directly with the public online, which has already led to promises of digital account opening for companies by 2026 and public criticism of Facebook regarding fraudulent ads.Economy · 1d agoIsraeli Retailers Offer Election Day Deals on Electronics, GoodsIsraeli retailers are offering significant discounts on election day, a public holiday. The Victory supermarket chain is selling the iPhone 18 Pro Max for 4,999 shekels, considerably less than competitors. Other promotions include deals on home appliances, electric scooters, clothing, and hotel stays. These offers are generally valid for election day only and are subject to stock availability.Economy · 1d agoTel Aviv Stock Exchange Ends Week Mixed Amid AI Fears and Rate HoldThe Tel Aviv Stock Exchange experienced a mixed trading week, with the TA-90 index gaining 2.1% while broader indices declined, largely influenced by a downturn in the technology sector due to AI spending concerns. Local institutional investors increased their stock purchases, particularly in tech, while foreign investors sold off tech holdings. The Bank of Israel held interest rates steady at 3.25% amid inflation worries and political uncertainty, despite strong economic growth forecasts. The upcoming week features elections in Israel and key global economic decisions.Economy · 1d agoTel Aviv Stock Exchange Closes Higher, Palo Alto Networks Stock SoarsThe Tel Aviv Stock Exchange closed higher on Monday, with the TA-35 index up 1.99% and the TA-125 index up 1.81%. Palo Alto Networks was the top performer, soaring nearly 10%. Conversely, Aryeh Industries saw the largest drop, losing over 5.6%. The trading day highlighted significant divergence in individual stock performance despite overall market gains.Economy · 1d ago · also in 6 newsroomsAura Buys Bet BeKfar for $1.7 Billion, Boosting Bet BeKfar StockAura announced its acquisition of senior living company Bet BeKfar for approximately 1.7 billion shekels, causing Bet BeKfar's stock to jump 60.64% on Monday. The deal's trading volume was 217 times the average, as Aura expands into the growing senior living market. Bet BeKfar operates five complexes with 975 units and is financially stable.Economy · 1d agoGilat Satellite Networks Stock Plummets Despite Multi-Million Dollar ContractsGilat Satellite Networks' stock has fallen nearly 43% year-to-date despite announcing over $46 million in new contracts in early October. Potential reasons for the decline include anticipated exclusion from the TA-90 index and increased short interest. Investors are awaiting the company's third-quarter earnings report on November 10th for further insight into its financial performance and future outlook.Economy · 1d agoAmos Luzon Sees $60 Million Gain as Luzon Group Stock SoarsAmos Luzon, controlling shareholder of Luzon Group, has seen his holdings increase by approximately 229 million shekels in less than a month due to a 20.4% stock surge. Institutional investors like Mor Pension Funds and Menora Mivtachim Pension Funds have also profited from the stock's performance. Luzon has been actively increasing his stakes in his real estate companies, including a recent acquisition of Kohan Properties shares for 19.5 million shekels.Economy · 1d ago · also in 4 newsroomsSolarEdge to Lay Off 200 Employees in Latest Cost-Cutting RoundIsraeli green energy company SolarEdge is laying off approximately 200 employees, about 10% of its global staff, in its latest cost-cutting measure. This follows a period of financial recovery, with the company reporting increased revenue and reduced losses in the second quarter of 2026. However, a weak third-quarter forecast led to a significant stock drop, prompting further workforce reductions. These cuts are part of ongoing efforts to stabilize the business amid global market challenges.Economy · 1d ago · also in 3 newsroomsInvestment House More Buys 11.7% of Gaon Group for $27 MillionInvestment house More is acquiring 11.7% of Gaon Group for NIS 100 million, becoming a significant shareholder. The deal enables Gaon's controlling shareholders to repay parent company debt and maintain control. CEO Guy Regev called the move a milestone, expecting it to boost market share and profitability. Gaon Group reported an 11% revenue increase in the first half of 2026.Economy · 1d ago · also in 3 newsroomsComedian Eli Yatzpan Involved in Massive Israeli Catering Company ExitThe Israeli catering company Li-Bar Events was acquired by SKY investment firm for an estimated 350-400 million shekels, with SKY taking a 50% stake. Actor and comedian Eli Yatzpan and his partner Or Bismut will receive millions for their intermediary role in the deal. The Yifrah family will retain 50% ownership and continue managing the company, which serves major clients including the IDF and numerous corporations.Economy · 1d ago · also in 4 newsroomsCellcom Explores Acquiring Apple's Israeli Importer, iDigitalCellcom is exploring the acquisition of "Icon Group," the official Israeli importer of Apple products and owner of the iDigital retail chain, for an estimated NIS 500 million. The deal, led by Cellcom CEO Eli Adadi, is in preliminary stages and faces regulatory scrutiny from the Israel Competition Authority due to potential market monopolization. If completed, the acquisition would significantly boost Cellcom's market share in electronics sales.Economy · 1d agoIsraeli Party Planning Portal 'Larokot' Acquired by La'os MediaLa'os Media and Interactive has acquired the Israeli party planning website "Larokot" for hundreds of thousands of shekels. The deal includes the brand, website, and all digital assets. Founded in 2011, "Larokot" has been a key resource for pre-wedding event planning. La'os Media plans to upgrade the platform and retain existing management for continuity.Economy · 1d agoSupermarket Chain Salah Dabbah & Sons Launches Fast-Food RestaurantsThe supermarket chain "Salah Dabbah & Sons" has launched "Dabbah Kitchen," a new fast-food restaurant concept located within its supermarkets. The restaurants offer meat dishes made from the chain's own products, with a children's meal priced at 35 shekels and other meals at 59.90 shekels. The first two locations are in Ein Miftah and Nazareth, with a third planned for Beersheba.Economy · 1d agoDiscount Supermarket Chain Opens 24-Hour Branch in NetanyaThe supermarket chain 'Neto Chissachon' opened a new 20 million shekel branch in Netanya, Israel, featuring a 24-hour operation from Sunday to Thursday. This expansion by Sapir Group aims to meet evolving consumer needs for convenience and flexibility in shopping hours. The store will also operate on Fridays and Saturday evenings, reinforcing the chain's market presence.Economy · 1d ago · also in 1 newsroomIsrael's Unofficial Shopping Days: A Marketing Dilemma Amid ElectionsOn October 27, Israel's election day holiday is being leveraged by marketers for unofficial shopping events, creating a competitive landscape for consumer attention. Experts advise brands to focus on long-term strategy and customer journey rather than just immediate sales, especially in e-commerce and automotive sectors. The challenge lies in managing the entire shopping season, balancing advertising spend with operational readiness and profitability, and understanding the true impact of sales events on overall business growth.Economy · 1d agoNextferm in Talks for Multi-Million Shekel Investment, Control ShiftIsraeli food-tech company Nextferm Technologies is negotiating a deal with businessman Yehuda Khemisa that could see him invest NIS 20 million and take control of the company. The funds are intended to launch a new meat-based food chain business. The deal includes structural changes and a potential name change for Nextferm, which has faced financial difficulties. Khemisa brings significant experience in the food and meat industry to the potential venture.Economy · 1d agoIsraeli Real Estate Firm Boligoo Capital Buys Georgia Office Building for $91 MillionIsraeli real estate firm Boligoo Capital is purchasing an office building in Georgia, USA, for approximately $91 million. The deal, involving a 413,000-square-foot property, is part of the company's expansion in the U.S. market. Boligoo will invest $3.4 million in equity, with the remainder financed through bank loans and limited partners. The acquisition is expected to yield an immediate $800,000 transaction fee for the company.Economy · 1d agoGindi Project Sales Surge 37% Above Initial PriceGindi Holdings' VOGUE project in Shev Dolev saw apartment prices increase by nearly 37% from the initial advertised 49,000 shekels per square meter, reaching an average of over 60,000 shekels per square meter. Out of 708 units, 680 have been sold, with current prices ranging from 67,000 to 80,000 shekels per square meter. Excavation and construction are slated to begin within two months, with Gindi Holdings emphasizing the project's prime location and investment potential.Economy · 1d ago · also in 4 newsroomsNetanyahu's Remarks Spark Market Volatility, Weakening ShekelIsraeli markets opened Monday with significant volatility following Prime Minister Benjamin Netanyahu's remarks on financial isolation. Or Porיה, Chairman of Porיה Finance, criticized the comments, warning of a negative impact on the Tel Aviv Stock Exchange and a weakening shekel. However, he suggested upcoming elections might lessen the blow and advised investors to see the dollar and euro's rise as a selling opportunity.Economy · 1d agoArkia Airline Increases Baggage Fees and Weight AllowancesArkia Airlines is changing its baggage rules effective November 15, 2026, increasing the advance purchase price for the first checked bag to $60 while raising its weight limit to 23 kg. Fees for purchasing baggage at the airport will be substantially higher, with the first bag costing $100. Additional bags and carry-on items also see price adjustments. For flights to the US and most of the Far East, the first checked bag and a trolley are included in the ticket price.Economy · 1d agoWizz Air Launches New Booking Platform Through Amadeus PartnershipLow-cost carrier Wizz Air has partnered with Amadeus to offer its flights and services through the Amadeus Travel Platform, expanding its distribution channels beyond direct sales. This initiative aims to increase exposure in indirect channels and target the business travel market. The airline also recently launched WIZZ HOLIDAYS, an AI-driven platform for booking personalized travel packages. Wizz Air operates a significant number of flights to and from Israel's Ben Gurion Airport.Economy · 1d agoTop Selling Products in Israel Revealed After Shopping FrenzyIsraeli consumers are prioritizing value and practical items during the extended November shopping season, with robotic vacuums, air fryers, and compact gadgets like projectors and gaming devices topping sales. Demand also surged for branded athletic shoes, thermal wear, car jump starters, and smart backpacks. Experts advise strategic planning, discount verification, and adhering to the $75 VAT exemption for overseas purchases to maximize savings and avoid unnecessary spending.Economy · 1d ago · also in 1 newsroomEl Al Passengers Threaten Lawsuit Over "Premium Price, Low-Cost Service" SwitchEl Al passengers booked on flights to Prague are angered after their bookings were transferred to the low-cost Sun D'Or subsidiary, resulting in a downgraded service. Passengers who paid premium prices are now facing reduced amenities, loss of business class, and unexpected cancellation fees. Some customers are considering a class-action lawsuit against El Al due to the discrepancy between advertised services and the actual flight experience.Economy · 1d ago · also in 2 newsroomsStrauss Group to Invest Over NIS 2 Billion in Israeli OperationsThe Strauss Group announced a new growth strategy for 2027-2030, focusing on local brands and innovation. The company will invest over 2 billion shekels in its Israeli operations, enhancing production and supply chains. Strauss also plans international expansion and aims for 3-5% annual quantitative growth and 7-9% net profit growth.Economy · 1d agoBank Leumi CEO's Social Media Query Sparks Debate on Fees, PoliticsBank Leumi CEO Hanan Friedman's October 8, 2026, social media request for service improvement suggestions elicited significant feedback on fees, political stances, and technology, with only 24.5% of comments directly addressing customer service. Economic fairness, particularly high fees and low interest rates, was a major concern. The discussion also highlighted customer expectations for advanced banking technology and the impact of the bank's public engagement decisions, including a boycott of Channel 14, which the CEO did not directly address in the thread.Economy · 1d ago · also in 1 newsroomDan Deal Supermarket Chain Opens New Branch in Kiryat GatThe Dan Deal supermarket chain, part of Shufersal, has opened its 13th branch in Kiryat Gat, Israel, as part of its national expansion. The new store offers thousands of affordable non-food items and features aggressive opening promotions, including 40% off LEGO products and a 43-inch smart TV for NIS 499. This move increases competition in the southern region and strengthens Shufersal's presence in the discount market.Economy · 1d ago · also in 6 newsroomsAura Buys Beit Bakfar for $450 Million, Entering Senior Living MarketAura, a leading Israeli housing company, is acquiring senior living provider Beit Bakfar for approximately 1.7 billion shekels ($450 million) in cash and stock. The deal expands Aura's operations into the senior living market, which has a growing demand. Beit Bakfar operates five senior living facilities and has a pipeline for 884 new units. The acquisition aims to create a comprehensive housing solution provider for Israelis throughout their lives.Economy · 1d agoIsraeli Debt Enforcement Registrar Grants Interest Reduction to Reservist MotherAn Israeli Enforcement Registrar in Acre, Yogev Liron, reduced interest on a debt for a 31-year-old reservist mother undergoing a divorce. The debtor, with a NIS 28,144 debt, cited her extensive reserve duty and consistent payments as reasons for the reduction. The Registrar agreed, noting her difficult circumstances and responsible behavior as special grounds for the interest cut.Economy · 1d agoTel Aviv Stock Exchange Trades Ahead of Elections; Nice Stock to Draw AttentionThe Tel Aviv Stock Exchange is holding its final trading day before elections on Sunday, with Nice shares expected to lead gains. U.S. markets saw mixed results last week, with energy sector gains, while Israeli indices mostly declined. This week brings key interest rate decisions and tech earnings globally. Meitav Dash Technologies saw a significant surge on a potential investment offer, while a dispute over the Leviathan gas agreement continues.Economy · 1d agoAir Canada Imposes Fee for Phone Bookings, Sparking Consumer OutcryAir Canada has implemented a new fee of 30 Canadian dollars per passenger for flight bookings made over the phone, starting October 15. The airline cites a push towards digital channels and aims to streamline customer service, with exemptions for special needs and booking disruptions. The policy has faced criticism for potentially penalizing less tech-savvy travelers and for its per-passenger pricing structure, though similar fees exist with other airlines. Air Canada is also resuming flights to Israel on November 30.Economy · 1d agoFrench Families Buy Luxury Tel Aviv Apartments for Over $27 MillionA family from Paris has purchased luxury apartments in Tel Aviv's ASSEMBLY TEL AVIV project for over 100 million shekels. The deal includes a 476-square-meter apartment for 64 million shekels and an additional half-floor for 37 million shekels. The project, a partnership between ORC LAND and the Nakash brothers, has sold 60% of its units, with buyers including international businessmen and families intending to reside there.Economy · 1d ago26-Year-Old Former News Anchor Appointed CEO of PUSH BusinessLeah Spilkin, 26, has been appointed CEO of PUSH Business, a new economic and business division of the digital content group PUSH. Spilkin, a former news reporter and content head at Nas Daily, will lead the expansion into business and consumer affairs. PUSH, which boasts over 700 million monthly views, aims to provide accessible professional content. This follows recent full ownership acquisition of PUSH by founder Itzik Peretzan.Economy · 1d agoIsraeli Firm Leader Capital Markets Sees 50% Chance of Fed Rate Hike This WeekIsraeli investment firm Leader Capital Markets estimates a 50% chance the U.S. Federal Reserve will raise interest rates this week, contrary to market expectations. This assessment is based on persistent U.S. inflation, strong economic activity, and rising public expectations, despite some dovish signals. The firm also notes economic slowdown in Europe and a cautious stance from the Bank of Israel due to geopolitical risks and inflation concerns.Economy · 1d agoEconomist Slams "Crooked" Colleagues Amidst Financial Isolation FearsEconomist Shlomo Maoz strongly criticized Israeli economists and media for creating panic over potential financial isolation, calling them "crooks." He asserted Israel is economically stronger than major European nations and dismissed sanctions fears. Maoz cited positive economic indicators like falling inflation and job growth, contrasting them with what he called "lies and falsehoods" in public discourse.Economy · 1d agoGlobal Markets Brace for Key Tech Earnings, Central Bank DecisionsGlobal markets are entering a crucial week focused on major tech company earnings, central bank interest rate decisions, and U.S. macroeconomic data. The dollar is trading around 3.11 shekels against the Israeli currency. Key events include earnings from Alphabet, Microsoft, and Amazon, alongside anticipated decisions from the U.S. Federal Reserve, European Central Bank, and Bank of Japan. Geopolitical tensions and commodity price fluctuations, particularly for oil and gold, are also influencing market sentiment.Economy · 1d agoMAX Offers Tesla Buyers Up to 90% Financing in IsraelMAX, an Israeli credit company, has launched a fully digital financing process for Tesla buyers in Israel, allowing up to 90% of the vehicle's price to be financed. Customers can apply online for personalized loan terms, with interest rates starting at 0.01% above prime and repayment periods up to 72 months. This move expands MAX's vehicle financing business, which saw a 30% growth in its credit portfolio in Q2 2026.Economy · 1d agoMizrahi Tefahot Forecast: Is the Bank of Israel Considering an Interest Rate Cut?Mizrahi Tefahot Bank's Chief Strategist Yoni Panning has issued a surprising forecast, suggesting the Bank of Israel may be considering an interest rate cut, despite its recent hawkish stance. Panning noted that Israel's domestic yield curve remains stable, and economic activity is growing above the long-term trend. In contrast, the US economy shows signs of demand and supply exhaustion, with a slowdown in the housing market. Panning also commented on rising risk levels in the US credit market and inflation drivers in the UK.Economy · 1d ago · also in 1 newsroomNational Insurance Payments Due for Pensioners in Two DaysThe National Insurance Institute will distribute final benefit payments for October 2026 on Wednesday, October 28. This includes pensions for disability, old age, survivors, and children, as well as the annual heating grant for eligible seniors. The heating grant for 2026 is NIS 664 per family, an increase from last year. Payments are automatically deposited, but recipients should contact the Institute if they encounter issues.Economy · 1d agoHousing Prices Rose 3.74% Under Current Israeli GovernmentHousing prices in Israel have increased by 3.74% since the current government took office in late 2022, despite its pledge to lower costs. Rental prices have surged by 18% during the same period, impacting public disposable income. Experts suggest the next government must focus on increasing the supply of land for construction and addressing the rental market to stabilize prices.Economy · 1d agoBuyers Sue Developer for $3.5 Million Over Delayed "Discount Apartment" ProjectForty-six buyers of apartments in the "Ha'Bustanem" project in Sderot are suing the developer "Turan Beitecha" Ltd. for over 3.5 million shekels due to significant delivery delays. The lawsuit claims the developer breached contracts for units, many under the "Apartment with a Discount" program, which were due by January 31, 2025. Buyers allege the delays are due to mismanagement, not the war, and are seeking compensation based on a recent law that mandates 1.5 times rental value for each month of delay.Economy · 2d ago · also in 1 newsroomEl Al Offers Passengers Free Flights as Compensation for Service DowngradeEl Al is downgrading its Prague flights to tourist class via Sun D'Or, affecting business class bookings. Passengers can accept a refund or credit, or fly and receive monetary compensation. Elite "GL" status passengers flying will get a future free tourist class flight to Prague as additional compensation. All affected passengers will also see their flights moved from Terminal 3 to Terminal 1.Economy · 2d ago · also in 1 newsroomAir Haifa Launches New Routes and Election-Themed Discount CampaignIsraeli airline Air Haifa launched new routes from Tel Aviv to Eilat and from Haifa to Thessaloniki on Sunday. The company is also running an election-themed promotion where customers vote for a discount on future flights. Miki Strassburger, a co-founder, highlighted the expansion as part of the airline's strategy to increase accessibility and options for Israeli travelers.Economy · 2d agoIsraeli Stock Market Sees Volatility Surge After ElectionsAn analysis of Israeli elections from 2003-2022 shows the stock market initially reacts positively, then declines in the first week, before recovering within a month. Volatility significantly increases by up to 45% in the weeks following elections due to political uncertainty. Investors are advised to align strategies with their risk tolerance and long-term goals, as fundamental economic factors are expected to drive future market performance.Economy · 2d ago · also in 1 newsroomElbit Systems Hosts 22,500 Employees in Eilat Amid Economic ConcernsElbit Systems spent 100 million shekels to host 22,500 employees and 200 survivors of the Nova festival in Eilat for a three-week event. The initiative aims to support local businesses and the Israeli economy while mitigating risks of international incidents. While providing a significant economic boost to Eilat's struggling tourism sector, the event also underscores the broader economic disparities in Israel during wartime, with defense companies thriving while civilian sectors face ongoing challenges.Economy · 2d ago · also in 4 newsroomsNational Insurance to Pay Benefits: Landmark Ruling After 20 YearsThe Regional Labor Court ruled that singer Yirmi Kaplan's 2006 stage injury is a work accident, ordering the National Insurance Institute to pay benefits. The institute had initially denied the claim, arguing Kaplan's energetic performance constituted voluntary risk-taking. The court rejected this, stating such movements are integral to his work and entitled him to a safety net. Kaplan will now receive full work accident benefits.Economy · 2d agoBillionaire Investor Bill Ackman Weighs In On Active Investing vs. S&P 500Investor Bill Ackman believes long-term value is more critical than short-term fund flows in investment strategies. He also voiced concerns about global political instability and the potential risks posed by artificial intelligence. Ackman, who is married to an Israeli, expressed support for Israel and has spoken out against antisemitism.Economy · 2d agoPizza Shemesh Expands Internationally, Opening New Branch in ThailandIsraeli pizza chain Pizza Shemesh is expanding internationally with a new, larger branch opening in Koh Samui, Thailand, in about six weeks. This follows the successful launch of its first overseas location in Phuket. The chain aims to attract Israeli tourists with kosher food and familiar flavors, though prices are higher than local options. Pizza Shemesh is also considering expansion into Cyprus and Dubai.Economy · 2d agoNetanyahu's Economic Warnings Spark Concern Among Israeli Financial ExpertsPrime Minister Benjamin Netanyahu's recent suggestions of using cryptocurrencies to counter potential international sanctions and a banking blockade have drawn sharp criticism from senior Israeli economic figures. Economic commentator Keren Marciano reported that these figures find the Prime Minister's statements illogical and poorly timed, especially before elections. The remarks, coupled with a recent AI-generated image of a nuclear bomb over Tel Aviv, have sparked debate about Netanyahu's 'fear campaign' tactics versus genuine warnings of existential threats.Economy · 2d agoMenora ERN Enters Consumer Credit Market, Aims for Major Player StatusMenora ERN, the credit arm of Menora Mivtachim, is expanding into the consumer credit market, offering loans to households and SMEs. CEO Shi Perminger stated the company aims to become a major player within three years, meeting a growing demand for flexible payment options. This move follows Menora's unsuccessful attempt to acquire Isracard and reflects a broader trend of non-banking institutions entering the credit sector.Economy · 2d agoIsraeli Mortgage Market Surges Despite Housing SlowdownIsrael's mortgage market is experiencing record activity, with year-to-date housing loans up 12% and exceeding 2021-2022 peaks, despite a slowdown in real estate sales. This surge is primarily driven by increased mortgage refinancing due to falling interest rates. While September saw a seasonal dip, the overall trend points to robust loan performance, though delinquency rates have climbed to 0.62%.Economy · 2d agoNational Insurance Payments Due in Three Days, Unemployment Benefit Rules Updated for ElectionsThe National Insurance Institute will deposit various benefit payments, including pensions and disability, on October 28. Additionally, recipients of unemployment benefits can work in election-related jobs until November 10 and earn up to NIS 19,600 cumulatively, provided payments come directly from political entities and not staffing agencies.Economy · 2d agoCulinary Star Robi Michael Lost Over $1.7 Million in Restaurant VenturesCulinary content creator Robi Michael revealed he lost over 6 million shekels from his previous restaurant ventures, particularly impacted by the COVID-19 pandemic. He transitioned to social media after the pandemic, finding quicker financial returns through viral content. Michael gained significant online traction with videos of his culinary creations, leading to a large follower base and a successful career in digital content creation.Economy · 2d ago · also in 1 newsroomIsrael's Vehicle Market Saw Record New Car Registrations in 2025 Despite Import DropIsrael registered a record 290,000 new cars in 2025, an 8.4% increase from 2024, despite a 25% drop in imports. Importers accelerated shipments in December 2024 to avoid upcoming tax hikes, creating large inventories. The value of imports decreased by 20.9% due to lower volumes and the rise of cheaper electric vehicles, largely from China, which made up 60% of new registrations.Economy · 2d agoHagag Europe's Bucharest Palace Project Wins Top Retail AwardHagag Europe's "The Palace" project in Bucharest was named "Retail Project of the Year" at the SEE Property Forum Awards 2026. The luxury development, housed in a historic 1835 building, underwent extensive restoration and now features high-end international brands. This award adds to the project's international recognition for its preservation and commercial success.Economy · 2d ago · also in 2 newsroomsIsrael Bans Temporary Discounts on Life Insurance PoliciesIsrael's Capital Markets Authority has banned temporary discounts on life insurance policies, mandating that any discount must last at least 10 years, effective February 1, 2027. The new rules aim to increase transparency and consumer protection by preventing price hikes after short-term introductory offers. Insurers must notify policyholders of upcoming discount expirations, and a special one-month discount is allowed for policy switches. The Authority stated the goal is to ensure fair competition and provide policyholders with long-term certainty.Economy · 2d agoStrauss Launches New Freeze-Dried Instant Coffee and Flavored VarietiesStrauss Coffee has launched a new freeze-dried instant coffee under its Elite brand, alongside limited edition flavored varieties. The new products aim to expand consumer choice by combining familiar tastes with new formats and flavors. The launch was announced by Karin Laxer, VP of Marketing for Strauss Coffee, and the products are now available in Israeli retail chains and online.Economy · 2d agoDistressed Apartment Sellers Face Steep Losses Amid Market DownturnDeputy Chief Economist Galit Ben Naim revealed that 70% of "waiting apartment" sales in July-August were by owners with at least a year until their deadline, driven by falling prices. The number of such apartments reached nearly 23,100 in August 2026, a level not seen in over a decade. This situation forces distressed sellers to accept significantly lower prices to avoid substantial capital gains taxes, with buyer cancellations posing a major risk of further financial penalties.Economy · 2d agoMiki Shemo's SHEMO Pastry Chain Opens Two New Branches in IsraelThe SHEMO pastry chain, led by Miki Shemo, has opened two new branches in northern Israel as part of a national expansion strategy. This growth has been bolstered since September 2024, following an investment deal where Green Lantern acquired a 50% stake in the company. SHEMO plans to open more branches by the end of 2026 and into 2027.Economy · 2d agoIsrael Election Day Sees Major Sales on Flights and HotelsTourism company Gulliver is launching a 27-hour flash sale on flights and vacation packages, with prices starting at $99, to coincide with Israel's election day on October 27. Several hotel chains, including Fattal, Africa Israel Hotels, and Isrotel, are also offering significant discounts on stays. Air Haifa is allowing customers to vote on their weekly flight promotion.Economy · 2d agoPitmaster Restaurant Chain to Open Flagship Branch in Rishon LeZionThe Pitmaster Group is opening its fifth and flagship restaurant in Rishon LeZion in the first quarter of 2027, investing 4 million shekels. This expansion is part of a larger growth strategy that includes new branches in Miami in November and New York in early 2027. The group, founded by six individuals, specializes in meat-centric culinary experiences and currently operates four branches in Israel.Economy · 2d ago · also in 1 newsroomBen Airport Terminal 3 Upgrade Project Launched With NIS 310 Million InvestmentThe project includes a new "Tel Aviv Gate" for arriving passengers and additional security and border control points for departures. Construction is ongoing within the active airport and is expected to take 30 months, with further expansion planned by 2027.Economy · 2d agoIsraeli Media Star Maayan Adam Sells 135 Apartments in Two DaysIsraeli media personality Maayan Adam announced the sale of 135 apartments in Israel within two days through her Mami consumer club. The club, which utilizes group purchasing power for exclusive deals, has now successfully entered the real estate market. Adam, a prominent entrepreneur, also recently received significant acquisition offers for her company but retained full ownership. In personal news, she revealed her son's name and her engagement.Economy · 2d agoCybersecurity Stocks Surge 60% Year-to-Date Amid AI and Security ConcernsCybersecurity stocks have surged by 60% year-to-date, recovering from an earlier 20% decline, driven by AI advancements and major security vulnerabilities. Recent discoveries in PHP, the language powering most websites, were found using AI, highlighting risks of rapid exploitation. Major firms like Okta and Palo Alto saw stock gains, while Israeli firm Check Point also rose 15%. Incoming CEO Nadav Zafrir aims to boost Check Point's growth, with Q3 results due November 2nd.Economy · 2d ago · also in 1 newsroomIsrael Election Day Sees Wide Range of Retail Discounts and PromotionsIsrael's election day on Tuesday, October 27th, is accompanied by widespread retail promotions and discounts across various sectors including fashion, food, technology, and books. Tel Aviv Port is a hub for special offers, with deals at stores like Adidas, Puma, and Shake Shack. Technology retailers like iDigital and Steimatzky bookstore are also providing significant price reductions on popular items and memberships. These promotions aim to capitalize on the official holiday, which is a day off for many citizens.Economy · 2d ago · also in 3 newsroomsMassive Housing Project in Mevaseret Zion to Feature 50% Rental UnitsA new housing and employment project at the Harel Interchange in Mevaseret Zion will add about 200 new housing units, with 50% designated for long-term rental. Initiated by the Israel Land Authority, the plan also includes 300 special housing units, commercial spaces, and significant infrastructure upgrades. The development aims to increase housing supply and create a new urban center for residents and the surrounding area.Economy · 2d agoRobots Offer Solution to Israel's Severe Construction Labor ShortageIsrael's renovation sector is facing a severe labor shortage due to the exclusion of Palestinian workers and the departure of foreign laborers. At the Association of Interior Contractors' annual conference, officials discussed the crisis and the slow pace of foreign worker recruitment. A new technological solution was presented: robots capable of performing tasks like plastering, painting, and tiling, which promise increased speed, continuous operation, and reduced costs. Industry leaders see these robots as a vital tool to augment human labor and address the critical manpower deficit.Economy · 2d agoAfrica Israel Hotels Launches 72-Hour Flash Sale With DiscountsAfrica Israel Hotels launched a 72-hour flash sale offering discounted vacations starting at NIS 605, with additional savings for online bookings and loyalty club members. The promotion includes brands like VERT and Crowne Plaza, with options for urban, spa, and beach getaways. Several other hotel chains, including Fattal, Brown, and Isrotel, are also offering discounts around the upcoming Knesset elections on October 27th.Economy · 2d ago · also in 2 newsroomsFashion Retailer H&O Opens New Concept Store in HaifaFashion retailer H&O has opened a new 1,400 square meter concept store at Houtzot HaMifratz in Haifa, investing approximately NIS 5 million. The store offers a mix of international and local fashion and lifestyle brands. This expansion is part of H&O Group's strategy to enhance consumer shopping experiences. The opening coincides with a similar NIS 5 million investment by Autodepot for a new concept store at the same complex.Economy · 2d agoCarrefour Launches New 'Special Deal' Campaign After 'Basket of Israel' EndsCarrefour has launched a new two-week promotional campaign, "Carrefour Special Deal," offering discounts of 30% or more on dozens of products. This initiative replaces the government's "Basket of Israel" program. The campaign features deeply discounted staple items and requires a minimum purchase of NIS 99. Price comparisons suggest Carrefour's new deals are significantly lower than those offered by competitor Rami Levy on most items.