Newsroom
Mako
Digital portal of Keshet 12 covering news, entertainment and television. We translate its reports into English and compare them with 43 other newsrooms.
Group in the coverage barCentrist pressIts own lean is rated Center.
OwnerKeshet Media GroupCommercial advertising
Language and baseHebrew · Neve IlanFounded 2008
The last 30 days
2,962reports translated
39%first to report
30 mintypical time behind the first report
38%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 Mako writes
Mako's tone this month is neutral, close to the rest of the centrist press. On Netanyahu, the IDF, the United States, the police and Hamas its wording is in step with the other newsrooms.
From 2,920 reports this month, judged without the newsroom's name. How this is measuredOnly Mako had it
Ex-Maccabi Tel Aviv Star Emir Sahiti Struggling in New German ClubSports · 2h agoIsraeli League Analysis: Wingers Dominate, Dribbling Prowess VariesSports · 3h agoAuthor Proposes Comprehensive Sports Platform for Political PartiesPolitics · 5h agoBig stories Mako skipped
Jerusalem Police Detain Couple in Dead Newborn CaseCovered by 20 newsroomsEgg Prices Set to Increase by 2.1% in Israel Starting November 1Covered by 18 newsroomsNetanyahu Vows "Largest West Bank Operation Since 1967" After Hebron AttackCovered by 14 newsroomsLatest from Mako
Economy · 1d ago · also in 4 newsroomsTel Aviv Increases Electric Vehicle Charging Fees in City GaragesTel Aviv has increased the cost of charging electric vehicles in its municipal parking garages by over 53%, with the price per kWh rising to 1.24 shekels. This change follows a recent 20% hike in parking fees at the same locations. The municipal company Achuzot Hof cited rising operational costs for the increase, while noting that prices remain competitive with other charging providers.Economy · 2d agoIsraeli Workers Lag Behind European Counterparts in Vacation Time and PayIsraeli workers endure longer hours and lower hourly pay compared to European averages, prompting political parties to propose solutions. Parties like the "Democrats" advocate for more vacation days and shorter work weeks, while Yisrael Beiteinu suggests adjusting school holidays for parental convenience. Other parties focus on boosting productivity, though experts question the feasibility and timeline of these plans. Notably, several major parties, including Likud and Shas, failed to present concrete proposals.Economy · 2d agoShould You Take a 30-Year Mortgage to Lower Monthly Payments?Israeli families considering a 1.5 million shekel mortgage are weighing a 25-year versus a 30-year term. Opting for 30 years lowers monthly payments by about 720 shekels but increases total interest paid by roughly 268,000 shekels. While financially costly long-term, a longer term can provide essential monthly cash flow relief and reduce the risk of taking on expensive debt. Families can also consider hybrid repayment strategies or early repayments to manage costs.Economy · 2d ago · also in 1 newsroomIsraeli Singer Yuval Raphael Lands Major Brand Endorsement DealSinger Yuval Raphael, Israel's Eurovision representative, has been selected as the new spokesperson for the food giant Carrefour. She is expected to earn hundreds of thousands of shekels for the endorsement deal. The campaign, managed by the LEAD advertising agency, will launch soon on television and digital platforms. Raphael's agency confirmed the agreement.Economy · 2d ago · also in 1 newsroomEU Cabin Baggage Rules Promise Free Carry-Ons, But Trolleys Still Cost ExtraNew EU regulations starting October 23, 2027, will allow one free small personal item per passenger but allow airlines to continue charging for carry-on trolleys. The rules aim to increase price transparency and prevent hidden fees. The regulations apply to flights departing from the EU, regardless of airline, and to flights to the EU only if an EU carrier is used.Economy · 2d ago · also in 1 newsroomIsrael Tax Authority Proposes Higher Dividend Payouts and Property TaxIsrael's Tax Authority is proposing to increase the mandatory dividend distribution rate for closely held companies from 6% to 8% and to reinstate a 1.5% annual property tax on vacant land. These measures, aimed at boosting state revenue, would affect business owners and landowners. The proposals are part of budget considerations for 2027-2028 and still require legislative approval, facing potential opposition.Economy · 2d agoDeveloper Ordered to Pay Over Half a Million Shekels for Undelivered PenthouseA couple will receive over NIS 513,000 in compensation from a developer for a penthouse in Petah Tikva that is over three years overdue. The court rejected the developer's claim that the Iron Swords War caused the delay, stating the apartment was already late before the conflict began. The judge found the developer responsible for issues with subcontractors and construction problems, awarding the buyers significantly more than the contractually agreed-upon compensation.Economy · 2d agoIsraeli Shoppers to Benefit from Lower Fees on Shein, TemuFintech company Novi has received a license in Israel to process payments directly, making online shopping on sites like Shein and Temu cheaper for Israelis. This eliminates foreign currency conversion fees and reduces transaction declines, as purchases will be treated as local shekel transactions. The savings are expected to lead to better deals and discounts for Israeli consumers, while also increasing competition in the local payment processing market.Economy · 3d ago · also in 17 newsroomsBank of Israel Holds Interest Rates Steady, Future Cuts UncertainThe Bank of Israel has maintained its interest rate at 3.25%, with the prime rate at 4.75%, a decision aligned with analyst expectations ahead of national elections. Experts are divided on the timing of the next rate cut, with predictions ranging from the near future to as late as 2028. Factors influencing the decision include political uncertainty, economic expansion, and inflation levels, while arguments for a cut cite falling inflation and weak domestic demand.Economy · 3d ago · also in 1 newsroomAmerican Investment Firm Linked to New Brazilian Football Club AcquisitionAmerican investment firm Aliyah Capital, co-founded by Ross Kestin, is reportedly being pursued by a Brazilian investment bank for potential investment in Brazilian football clubs. The firm, which manages $8 billion and already owns Maccabi Netanya, aims to build an international multi-club platform. Aliyah Capital has a history of successful tech investments, including a significant stake in SpaceX.Economy · 3d agoIsrael Faces Tax Hikes and Service Cuts Post-Election Amid Defense Spending SurgeIsrael faces significant fiscal challenges ahead due to a surge in defense spending, projected to necessitate higher taxes and reduced public services. Experts warn that the current economic situation, while showing growth, is not improving living standards for many. Key issues include the erosion of social services, a gap between economic growth and individual purchasing power, the need for educational reform, and a crisis of public trust. The next government must navigate these challenges, with ongoing debate on whether to increase taxes or focus on efficiency and canceling exemptions.Economy · 3d agoDemand for Housing Surges in Gaza Envelope CommunitiesDemand for housing in Gaza Envelope communities has surged by over 350% in the past three years, significantly exceeding pre-war levels. Rental centers report waiting lists of around 100 people, and secondhand apartment prices in Netivot and Ofakim have risen by 16% and 11% respectively. Families are actively choosing to move to the region, citing Zionist motivations, and kibbutzim are receiving numerous inquiries from prospective residents.Economy · 3d ago · also in 3 newsroomsIsrael's Interest Rate Decision Looms Ahead of Elections Amid Economic UncertaintyIsrael's Monetary Committee will decide on the interest rate this Wednesday, just before national elections. While a recent inflation report allows for a potential rate cut, global factors like oil prices and U.S. inflation, along with domestic budget concerns, suggest the rate will likely remain at 3.25%. A rate cut could lower mortgage payments but reduce returns on savings.Economy · 3d agoWhen Are You Entitled to a Raise for Taking on More Work?Employees in Israel who absorb the duties of departed colleagues without a salary increase may be entitled to additional pay if the changes involve overtime, breach of contract, or fundamental shifts in job responsibilities. While increased workload alone isn't grounds for a raise, overtime hours are legally compensated at higher rates. Significant changes in job duties or the assumption of managerial roles can also trigger claims for increased pay or necessitate a formal review of compensation, especially if supported by employment agreements or legal precedents. Employees should document changes and communicate concerns to their employer to ensure fair compensation and adherence to labor laws.Economy · 4d agoAmazon's Secret Beauty Sale Offers Up to 40% Off Top BrandsAmazon's annual US Holiday Beauty Event offers up to 40% off on beauty and personal care products, with free shipping to Israel on orders over $49. The sale, running until November 1, features significant discounts on popular items like the Medicube Mini Booster Pro Set and Dyson Airwrap, potentially saving Israeli consumers hundreds of shekels. Shoppers are advised to manage orders under $75 to avoid VAT and pay in USD to maximize savings.Economy · 5d ago · also in 1 newsroomCourt Orders Return of NIS 1.8 Million Misused by Charity OfficialsA Haifa District Court judge has ordered two Israeli charity associations and their former leaders to return NIS 1.8 million in misused donation funds. The ruling against "Keren LeChaim" and "Keren LeChaim for Children and Youth" found that funds intended for cancer patients were improperly transferred and spent on salaries, rent, and other expenses not aligned with the donation's purpose. The court cited forged documents, lack of oversight, and personal enrichment as key factors in the decision, ordering the return of the funds to the estate from which they originated.Economy · 5d ago · also in 1 newsroomIsraeli Mortgage Activity Shifts Dramatically in SeptemberIn September 2026, Israeli mortgage volume fell 20.5% from August to 8.668 billion shekels, but prime rate mortgages surged 150%. Index-linked mortgages decreased significantly, while non-indexed loans dominated. Despite the monthly dip, year-to-date mortgage activity is up 12% for 2026. Experts cite interest rate expectations for the prime rate increase, warning of associated risks.Economy · 6d ago30% Rule for Rent May Be Outdated in Israel's Housing MarketA traditional financial guideline suggesting rent should not exceed 30% of income is becoming unrealistic in Israel due to rising housing costs. With average rents surpassing 5,000 shekels and exceeding 7,000 in Tel Aviv, many Israelis cannot afford housing without exceeding this threshold. Data shows half of workers earn below 10,586 shekels gross, making the 30% rule difficult to meet. Landlords' preference for tenants within this ratio further complicates the situation for many.Economy · 6d agoTaxi Drivers Blame Government for Ben Airport Transport FailuresChairman Zohar Golan stated that taxi drivers cannot be blamed for the "transportation failure" and that the state must provide solutions. Long queues have been reported at the airport due to a shortage of taxis compared to demand, especially when trains and buses are not running.Economy · 6d ago · also in 2 newsroomsZara Home Considers Future in Israel Amid Store Closures and New Shipping FeesZara Israel is evaluating the future of most of its Zara Home stores after closing a branch in Beersheba due to declining sales. The company has also implemented a 14.90 shekel shipping fee for all online orders, removing the previous free shipping threshold. Additionally, Zara products in Israel are reportedly 35% to 50% more expensive than in the Netherlands, with price differences amounting to hundreds of shekels.Economy · 6d ago · also in 3 newsroomsEconomists Warn of Heavy Economic Price for Settlement Expansion and Jewish TerrorOver 60 Israeli economists have warned that expanding settlements and failing to prevent Jewish terror will impose a heavy economic price on all Israeli citizens. They fear that international sanctions targeting settlements could broaden to affect the entire Israeli economy, worsening the cost of living. Several European nations are considering or have already implemented import bans and sanctions related to settlements. The economists' letter highlights the potential for significant economic damage if these measures escalate.Economy · 6d ago · also in 15 newsroomsUS Investor John Paulson Donates Record $250 Million to Hebrew UniversityAmerican investor John Paulson has donated a record $250 million to the Hebrew University of Jerusalem, the largest gift in its history. The Mount Scopus campus will be renamed in his and his wife's honor. The funds will establish a new engineering faculty and support medical and trauma research. This brings Paulson's total contributions to the university to $296 million.Economy · 6d ago · also in 16 newsroomsAliExpress Launches Elite Customer Club in Israel Ahead of Singles' DayAliExpress has launched its first customer loyalty program, Elite, in Israel, offering free membership with benefits like a 5% discount and free returns. The program, timed before the November 11th shopping event, aims to reward loyal customers. Membership is automatic based on purchase history, and benefits include a dedicated VIP customer service channel. The company sees the Israeli market as a strong growth engine.Economy · 8d ago · also in 19 newsroomsIsraeli Cyber Firm Varonis to Be Acquired by Proofpoint for $6.3 BillionIsraeli cybersecurity firm Varonis has agreed to be acquired by Proofpoint for approximately $6.3 billion in cash. The deal will take the company private and offers shareholders a significant premium. Varonis, which employs about 1,000 people in Israel, specializes in protecting sensitive data using AI. The acquisition is expected to bolster the combined entity's ability to serve over 16,000 global organizations.Economy · 8d agoIsrael's Inflation Slows Sharply, Housing Prices DipIsrael's inflation rate slowed more than expected in September 2026, with the consumer price index falling 0.5% and the annual rate reaching 1.6%. Housing prices also declined by 0.6% monthly and 1.8% annually, with the central and Tel Aviv districts showing the largest drops. These figures may influence the Bank of Israel's upcoming interest rate decisions.Economy · 8d agoIsrael Plans Land Ports to Join India-Europe Trade Corridor Amid Regional ThreatsIsrael is advancing plans to establish land ports and integrate them into the India-Middle East-Europe Economic Corridor (IMEC) to bolster its role in global trade. The Israel Ports Company will present a strategic plan to the government soon, aiming to connect these land ports to rail and sea infrastructure. This initiative seeks to create an alternative trade route amid threats to maritime shipping in the Red Sea and competition from other regional corridors. The project is seen as a historic opportunity for Israel to become a central trade hub and enhance its strategic position.Economy · 8d ago · also in 2 newsroomsIsraeli Debtor Jailed for Third Time Over $2.2 Million DebtRafael Rubinshtein, a 70-year-old Israeli-American debtor, will be jailed for two weeks for failing to meet his financial obligations, a decision upheld by the Israeli Supreme Court. This is his third imprisonment in 11 years related to his 2.2 million shekel debt. Rubinshtein previously served time in the U.S. and lost his Savyon villa. The court found that imprisonment was the only way to compel him to fulfill his duties after repeated defaults.Economy · 9d ago · also in 1 newsroomIsraeli Court Approves Class Action Against Apple Importer Over Used PartsA class-action lawsuit has been approved against Apple's Israeli importers, Icon and iDigital, for allegedly keeping replaced parts from customer repairs and profiting from them. The lawsuit, which estimates damages at NIS 241 million, covers repairs of AirPods and MacBooks. The court found that the companies may have violated consumer protection laws and a prior agreement. The companies deny the claims, calling them theoretical and disconnected from reality.Economy · 9d agoReal Estate Funds Buy Hundreds of Apartments at 20% Discount Amid Market SlumpHousing rental funds are purchasing hundreds of apartments, including entire buildings, from distressed developers in Israel at discounts of up to 20%. This strategy helps developers manage cash flow and reduce debt in a stagnant market. While these bulk purchases offer developers financial relief, the cost savings are not consistently passed on to renters, who still face high demand and market-rate prices. However, tenants may benefit from longer lease agreements and improved maintenance services offered by these funds.Economy · 9d agoDollar Hits Six-Month High Against Shekel Amid US Inflation FearsThe US dollar climbed to a six-month peak against the Israeli shekel on Thursday, surpassing 3.10 shekels due to falling Wall Street markets. This decline was triggered by US inflation data showing a 3.7% rise in September, exceeding forecasts. Israeli institutional investors are selling dollar assets and buying shekels, further weakening the local currency. The euro also strengthened against the shekel.Economy · 9d agoHow to Recover Money After a Contractor Disappears With Your DepositConsumers in Israel who pay a deposit to a contractor and then face non-performance or disappearance can take steps to recover their money. The ability to cancel a contract and get a refund depends on the severity of the breach and the payment method used. Credit card payments offer more options for stopping future charges, while digital transfers like Bit are harder to reverse. Beyond refunds, consumers may be able to claim compensation for additional damages. For sums within the limit, small claims court is an option without a lawyer.Economy · 10d ago · also in 2 newsroomsNew Home Sales Surge in Kiryat Gat Amid National Inventory GlutIsrael's housing market experienced an 11.1% rise in overall transactions from June to August 2026, with new home sales up 11.6% and second-hand sales up 10.8%. Kiryat Gat saw a dramatic 217.3% increase in new home sales, while Tel Aviv and Ashdod reported declines. A national inventory of 85,680 unsold new homes persists, with over half concentrated in the Tel Aviv and Central districts.Economy · 10d agoFamily Sells Century-Old Gas Station for $8.5 MillionA family, including Rivka Neumann and her sons, sold a 100-year-old gas station at the Nachshon junction for 31.5 million shekels to Dalia Israel and Dalia Nisim. The buyers plan to build a 1,500-2,000 square meter commercial and dining complex on the site, while maintaining refueling services. The deal is expected to yield an 8.5% annual return for the purchasers, who are part of the Lahav LR group.Economy · 10d agoIsraeli Women Advance Careers During Pregnancy and Maternity LeaveThree Israeli high-tech professionals have recently achieved significant career milestones during pregnancy and maternity leave. Gil Baklash joined Gong in her seventh month of pregnancy and maintained her role, while Aviram Ben Shoshan was recruited to build Appcharge's design department while on paternity leave with twins. Yana Sivan was promoted to development director at April during her maternity leave. Industry experts note a growing trend among companies to support and retain female talent through these periods, recognizing career continuity.Economy · 10d ago · also in 1 newsroomIsraeli Homeowners Rush to Sell Amidst Tax Deadline PressureThousands of Israeli homeowners upgrading their residences are under pressure to sell their existing homes quickly to avoid substantial tax penalties as extended deadlines approach. Failure to sell the old property within the new timeframe means losing single-home tax benefits and facing an 8% purchase tax, potentially costing hundreds of thousands of shekels. Some sellers are already accepting lower prices to expedite sales, while others consider gifting their property to relatives to navigate the tax implications. This situation is compounded by a slow real estate market and a higher-than-usual percentage of homeowners missing their selling deadlines.Economy · 10d ago · also in 1 newsroomTop 10% Earn 7.3 Times More Than Bottom 10% in IsraelIsrael's top 10% income earners make 7.3 times more than the bottom 10%, with the lowest two deciles spending more than they earn. The 2023 Household Expenditure Survey revealed a net monthly income of about 46,500 shekels for the top decile and a deficit for the lowest. Income deciles are now calculated per standard person, and the top 10% hold 22.1% of total net income.Economy · 10d ago · also in 2 newsroomsIsraeli Tech College Shuts Down, Leaving Students Out Thousands of ShekelsSVcollege, an Israeli tech training institution, has suddenly closed its doors due to financial difficulties, leaving approximately one hundred students unable to recover thousands of shekels paid for courses. Students reported receiving emails announcing the closure and stating that refunds would not be possible. Affected students, including disabled veterans and those who had already begun their studies, are organizing to file lawsuits. The college cited complex business realities and market changes, stating it is preparing for insolvency and cannot guarantee reimbursements.Economy · 10d ago · also in 1 newsroomInfrastructure Firm Y.K.R. Barashi Collapses With NIS 28 Million DebtInfrastructure company Y.K.R. Barashi has requested insolvency proceedings due to debts of nearly NIS 28 million. The company, owned by Ahmed Matar, blames its collapse on the COVID-19 pandemic and the ongoing war, which caused severe cash flow problems. Despite attempts to secure financing and recover, the company's situation worsened, leading to its inability to meet its obligations. Barashi employs 34 workers and its assets include NIS 2.5 million in equipment.Economy · 11d agoPost-Army Financial Responsibilities: What Ex-Soldiers Need to KnowFormer Israeli soldiers must navigate new financial responsibilities after military discharge, including mandatory National Insurance and health insurance payments of NIS 266 monthly if unemployed. While exemptions and reduced rates for students exist, failing to manage these obligations can lead to debt. The article advises ex-soldiers to understand pension contributions, tax credits, and public transportation benefits to avoid financial pitfalls.Economy · 11d ago · also in 5 newsroomsKamari Group Acquires 50% Stake in Bakery Chains for $6 MillionKamari Group acquired a 50% stake in Tachanat Lechem and BREADCAFE for NIS 23 million, aiming to expand the bakery and cafe chains to 50 branches nationwide. The deal includes a clause about a potential future stock market listing for Kamari Group, though the company denies it is currently planned. This follows Kamari Group's recent acquisition of a stake in the Zalman's sausage chain.Economy · 11d agoMajor Price Gaps Found Between Israeli Supermarket Chains for Basic GoodsA new report reveals significant price differences for basic consumer goods across Israeli supermarket chains, with some products costing nearly twice as much at one retailer compared to another. The analysis of 40 essential items found that the most expensive chains charge an average of 38% more than the cheapest. While numerous promotions exist, many are conditional and not always beneficial for small purchases. A consumer calculator has been launched to help shoppers identify the cheapest options available.Economy · 11d agoIsraeli Stock Market Fears Election Stalemate, New Risks EmergeThe Israeli stock market anticipates political uncertainty from upcoming elections, with a study showing the market drops significantly before indecisive elections. This year, the market is also factoring in the potential economic impact of government policy, a new risk not seen in previous elections. While the market tends to recover after elections regardless of the outcome, the policy direction of the next government is a key concern for investors seeking certainty.Economy · 11d agoYoung Israelis Prioritize Practical Skills Over Degrees for Tech CareersA survey of young Israelis shows a growing belief that practical skills, not just degrees, are essential for entering the high-tech industry. With declining university enrollment in tech fields, most young people prioritize hands-on experience and AI proficiency over academic qualifications. Experts note that employers now seek practical abilities and problem-solving skills, with AI proficiency becoming crucial for future employment. Concerns about AI reducing job opportunities are also prevalent among aspiring tech professionals.Economy · 11d agoIsrael's Economy Defies War Woes Amidst Deepening Fiscal ChallengesIsrael's economy is showing surprising resilience with low unemployment and a strong high-tech sector, despite three years of war. However, a ballooning defense budget of 160 billion shekels annually has created a significant fiscal deficit, necessitating potential tax hikes or cuts to social services. Political parties are debating economic strategies, with the ruling Likud highlighting positive macro data while facing criticism over coalition funds, and the opposition proposing various reforms. The high cost of living, particularly food prices, remains a major concern for citizens, with experts calling for bold leadership and structural reforms to address the nation's economic challenges.Economy · 11d ago · also in 1 newsroomIsraeli Salaries in the 40s: A Detailed Look at Income Across ProfessionsThe average gross monthly salary for Israelis in their 40s is projected to be around 20,700 shekels in 2026, with high earners in tech and finance significantly boosting this figure. The median salary for this age group is 15,200 shekels, highlighting a substantial pay gap. While overall real wages increased by over 3% in early 2026, salaries vary dramatically by profession, with high-tech workers earning significantly more than those in service or education sectors. Gender pay disparities also widen, with men earning 55% more than women in their 40s. Salary growth plateaus and then declines after age 50.Economy · 11d ago · also in 11 newsroomsMicrosoft Israel to Lay Off Dozens in Global RestructuringMicrosoft Israel will lay off dozens of employees as part of a global restructuring, with the precise number of affected workers still unknown. The company is reassessing its operations and organizational structure to meet changing demands. Unconfirmed reports link the Israeli cuts to the Copilot Studio division. This follows a larger layoff of 4,800 employees in July 2026, mainly from the Xbox division.Economy · 12d ago · also in 5 newsroomsIsrael's Central Bank Warns of Declining Cash Use, Potential ExclusionIsrael's central bank is warning about the declining use of cash, with digital wallet adoption soaring to 47% by 2025 from 5% in 2019. Weekly cash usage has fallen to under 50% from 80% in the same period. Despite this, 70% of Israelis want to continue using cash, which remains vital for small transactions and in certain communities. The bank fears reduced accessibility and increased costs for cash users.Economy · 12d agoSupreme Court Rules Passengers Must Receive Full Refunds for Canceled FlightsIsrael's Supreme Court has ruled that travel agencies cannot charge handling fees when a flight is canceled by the airline. The decision clarifies passenger rights, ensuring full refunds for canceled flights booked through agencies. Passengers are advised to communicate in writing and cite the ruling if fees are deducted, with the potential for retroactive claims. This ruling aims to protect consumers from unauthorized deductions on flight refunds.Economy · 13d ago · also in 4 newsroomsIsraeli Election Results Could Impact Economy and Stock Market, Experts SayInvestment house IBI predicts that the upcoming Israeli elections on October 27 could significantly impact the economy and stock market. Three scenarios are presented: a government change improving economic conditions, a similar coalition potentially causing market concern, or a political deadlock hindering growth. The real estate, banking, technology, defense, and energy sectors are all expected to experience varied effects depending on the election outcome and subsequent government decisions on budget and investments.Economy · 13d ago · also in 7 newsroomsUS Buyer Acquires $15 Million Tel Aviv PenthouseHagag Group sold a penthouse in Tel Aviv's Infinity Tower for 55.5 million shekels to an American Jewish buyer. The luxury property spans two floors and includes significant balcony space. While the sale price reflects 150,000 shekels per square meter, finishing costs are additional. The deal underscores continued demand for high-end real estate despite a market slowdown.Economy · 13d agoYehuda Poliker's Wealth Estimated at Up to $27 MillionVeteran Israeli singer Yehuda Poliker's wealth is estimated to be between 70 and 100 million shekels, largely due to his decades-long music career and significant real estate holdings. He owns apartments in Tel Aviv valued at approximately 25-30 million shekels, with more expected from a redevelopment project. Poliker earned millions annually from performances, album sales, and royalties, with his song catalog also contributing substantial value.Economy · 13d ago · also in 18 newsroomsAir Haifa Launches New Flights Between Tel Aviv and Eilat for $20Air Haifa has launched a new domestic flight route between Tel Aviv's Ben Gurion Airport and Eilat's Ramon Airport, with introductory fares starting at NIS 79 ($20) one-way. The new service, which begins on October 25, 2026, offers significantly lower prices than competitors. Initially operating two flights daily, the airline plans to increase frequency in November. The base fare includes only a personal item, with additional charges for checked baggage.Economy · 13d ago · also in 13 newsroomsOne Zero Bank to Lay Off 10% of Staff Amid AI IntegrationOne Zero Bank is laying off about 10% of its employees due to the integration of artificial intelligence, according to CEO Eyal Gafni. The affected staff have been called for meetings, and the bank will provide transition support. These cuts are part of a wider trend of layoffs in Israel's tech sector, with companies like monday.com and Wix also reducing staff recently.Economy · 13d ago · also in 1 newsroomIsraeli Workers Face Vacation Day Deficits After 'Lion's Roar' OperationIsraeli employees are facing a deficit in vacation days following the "Lion's Roar" operation, with many using their leave to cover absences during the conflict. A review of 50,000 payslips showed a significant drop in mandatory Sukkot vacations, as 55.4% of workers ended the summer with no remaining vacation days. To address this, employers are having employees agree in writing to carry a negative vacation balance into 2027. This practice allows employers to manage liabilities but means workers' future leave will first offset their debt.Economy · 13d ago · also in 1 newsroomIsraeli Tomatoes Bland and Costly Due to Summer HeatTomatoes in Israel are currently bland and expensive due to the impact of the intense summer heat on their growth and ripening. Greenhouse cultivation, combined with necessary shading from the sun, has reduced flavor and yield, leading to higher prices. Improved quality and prices are not expected for about 80 days, until the new winter crop matures.Economy · 13d ago · also in 21 newsroomsFood Prices Skyrocket in Israel, New Study FindsA new Tel Aviv University study shows Israeli food prices have risen five times faster in the last four years compared to the previous four, with a grocery basket costing over 220 shekels more. Supermarket chains Shufersal and Victory experienced the most significant price increases. Researchers cite rising operational costs and a lack of government intervention as key factors, noting that public vigilance that previously curbed price hikes has diminished.Economy · 14d agoSavings Policies Show Mixed September Results; Altshuler, Ayalon LagIn September, Israeli savings policies saw mixed results, with general tracks nearly flat and stock tracks up about 0.6%, boosted by a weaker shekel against the dollar. Clal Insurance leads the annual rankings for general tracks, while Hachshara Mitav topped the monthly general track performance. Stock tracks were led by Hachshara Hachshara and Hachshara Mitav for the month, but Clal Insurance leads year-to-date and annually. Savings policies offer tax deferral but come with potentially high management fees.Economy · 14d agoMortgage Payments Drop as Israeli Interest Rates DeclineMortgage payments in Israel are decreasing due to a drop in the prime lending rate from 5.5% to 4.75% since May, following central bank interest rate cuts. A 1.5 million shekel mortgage with a prime component now saves borrowers about 210 shekels monthly. Potential buyers are advised that negotiating with banks for better rates can offer greater savings than further interest rate reductions.Economy · 15d ago · also in 1 newsroomUS Analysts See Major Potential in Mitch Goldhar's Real Estate HoldingsUS analysts have highlighted significant investment potential in SmartCentres REIT, owned by Mitch Goldhar, owner of Maccabi Tel Aviv. The company's real estate portfolio, valued at $12.1 billion and occupied by major retailers, is yielding 7.1% monthly. Analysts predict investments could double within a decade, while Goldhar's personal wealth is estimated at $2.8 billion.Economy · 16d ago · also in 1 newsroomIsraeli Money Market Funds Yield 3.9% Annually Amid Interest Rate ChangesIsraeli money market funds yielded an average of 3.9% over the last 12 months, with September returns aligning with the Bank of Israel's 3.25% interest rate. Top performers in September included IBI Cash Shekel Kosher and Yelin Lapidot Cash Kosher. Key selection criteria for these funds include management fees, which vary significantly, and tax implications compared to bank deposits. The funds offer daily liquidity and adjust yields in real-time with market interest rate changes.Economy · 16d agoIsraeli Provident Funds Show Mixed September ReturnsIsraeli provident funds saw minimal returns in September, with general track funds near zero and equity funds around 0.5%. Clal and Migdal led the general track, while Harel topped the equity track. Long-term performance shows Clal leading in both tracks over one and three years. Investors should consider management fees and savings goals when choosing or switching funds.Economy · 16d ago · also in 2 newsroomsIsrael Eyes Tax Hike on Tech Workers' Stock OptionsIsrael's Ministry of Finance and Tax Authority are proposing significant tax changes for high-tech employees, requiring them to exercise stock options sooner or pay a higher tax rate. The reform aims to generate an additional 2 billion shekels annually for the state. High earners will see a tax reduction, while those delaying share sales could face a 30% tax. The changes are part of broader fiscal planning for 2027.Economy · 16d ago · also in 1 newsroomDiscount Bank to Pay Up to $270,000 Per Employee in Mercantile MergerDiscount Bank is projected to spend at least NIS 500 million on severance packages for hundreds of Mercantile Bank employees leaving due to an upcoming merger. An estimated 400-550 employees will depart, potentially receiving around NIS 1 million each. The merger, approved by both banks' boards, is expected to be finalized in 2027 after regulatory approvals. Analysts anticipate the move will improve efficiency, though the full financial benefits remain unclear.Economy · 17d agoCoworking Space Network ROOMS to Invest NIS 24 Million in New Ramat Gan ComplexCoworking network ROOMS, owned by the Fattal Group, will invest NIS 24 million in a new 5,000-square-meter complex in Ramat Gan, set to open in December 2026. The facility will offer shared and private offices, alongside a dedicated health and leisure floor with saunas and ice baths. This expansion highlights a growing trend in the office market to provide comprehensive wellness services.Economy · 17d ago · also in 1 newsroomIsraeli Auto Industry Sees Executive Changes and Brand ShiftsIsrael's automotive industry is undergoing changes with new executive appointments and brand realignments. Colmobil appointed Robi Cohen to lead its Mercedes and Smart division, while Vered Mana and Tal Avizarat took charge of Mitsubishi/Ora and fleet divisions, respectively. Delahom Motors named Avi Tzur as Chairman following its acquisition of the JAC franchise, promising extended warranties. Auto Chen also gained exclusive rights to the Forthing brand.Economy · 17d ago · also in 1 newsroomNew Tool Reveals Apartment Sale Prices in Your BuildingA new online calculator from Bizportal allows users to check apartment sale prices in their specific building by entering an address. Developed by lawyer Guy Zomer, it accesses a database of 3.8 million real estate transactions. The tool provides building details and sales history, aiding property valuation for buyers, sellers, and financial institutions.Economy · 17d agoPassengers Enraged as Airlines Refuse Refunds After Flight CancellationsIsraeli passengers are upset with Emirates and Flydubai for refusing refunds and alternative flights after cancellations linked to a security incident. Travelers claim airlines are forcing them to sign waivers and are not fulfilling their legal obligations to return passengers to Israel. The Ministry of Transport insists the airlines must provide full refunds or alternative flights and assistance.Economy · 18d ago · also in 1 newsroomFormer Israeli Goalkeeper Ariel Harush Pivots to Hedge Fund ManagementFormer Israeli goalkeeper Ariel Harush is launching a new career in finance, aiming to manage hundreds of millions of dollars in a hedge fund. He was motivated by observing fellow athletes' financial struggles and his own career disappointments, seeking greater success in the business world.Economy · 18d ago · also in 7 newsroomsIsrael's Treasury Proposes New Taxes to Counter AI's Economic ImpactIsrael's Ministry of Finance is proposing new taxes, including a property tax on vacant land and a "Netflix tax" on digital services, to address the economic impact of artificial intelligence. The measures aim to bolster state revenue by shifting the tax burden towards capital and luxury goods, while opposing specific taxes on AI technologies.Economy · 18d agoYour Guide to 2026's Major Shopping Sales and SavingsThis guide details the major international and Israeli shopping sales events for October and November 2026, including Amazon Prime Day, Halloween Sales, ShoppingIL, Singles' Day, Black Friday, and Cyber Monday. It also explains Israeli personal import tax regulations and provides tips for maximizing discounts and avoiding pitfalls.Economy · 18d ago · also in 1 newsroomSkoda Octavia Hybrid Unveiled, Expected in Israel by Mid-2027Skoda has introduced its first non-rechargeable hybrid model, the Octavia Hybrid, which is expected to reach Israel in the first half of 2027. The new hybrid system offers two power options and aims to boost the Octavia's popularity in the Israeli market.Economy · 18d ago · also in 2 newsroomsMaccabi Tel Aviv Stock Value Revealed Amid Ownership DisputeCourt documents filed by Richard Daiz in an ownership dispute over Maccabi Tel Aviv basketball club reveal the team has 269,200 shares. Allegations suggest a potential sale of 9% of shares at a valuation of $200 million, though the club is not publicly traded.Economy · 18d agoNew Tool Compares Apartment Prices to Similar Real Estate DealsBizportal has launched a new tool that compares apartment prices to similar real estate deals within a building, street, 400-meter radius, or city. The tool analyzes sales from the past one to two years to provide a price range for apartments based on size and room count.Economy · 18d ago · also in 5 newsroomsIsraeli Supreme Court Rules Travel Agents Cannot Charge Fees for Flight RefundsIsrael's Supreme Court ruled that travel agencies cannot charge fees for processing refunds for canceled flights. The court stated that the Aviation Services Law requires full refunds and that a temporary COVID-era fee allowance implied a general prohibition.Economy · 19d agoFuel Price Surge Fuels Interest in Electric Cars in IsraelInterest in electric and hybrid cars in Israel has surged due to rising fuel prices, with inquiries doubling in a few months. Government subsidies have temporarily lowered prices, but consumer preference for electric vehicles appears to be a lasting trend.Economy · 19d ago · also in 3 newsroomsIsraeli Businessman Babo Kubo Plans $19 Billion Development Near OrlandoIsraeli businessman Babo Kubo has received approval for a $19 billion development project in Florida called "Toscana." The project near Orlando will feature luxury residences, hotels, and commercial spaces, aiming to attract international brands and tourists.Economy · 19d ago · also in 2 newsroomsArkia Accused of Overcharging Passengers on Rescue FlightsPassengers on Arkia Airlines rescue flights are demanding refunds after being charged for luggage that was state-funded and transported separately. Arkia claims it incurred costs for handling and delivery, offering refunds only if the state covers those expenses.Economy · 19d ago · also in 1 newsroomIsraeli Cities Where a 4-Room Apartment Costs Under $550,000 RevealedA new calculator shows 45 Israeli cities where a 4-room apartment costs under 2 million shekels, with prices varying significantly across the country. Cities like Ashdod and Hadera are affordable, while Tel Aviv remains expensive. The tool analyzes median sale prices from the past year.Economy · 19d ago · also in 1 newsroomIsrael's Average Salary Rose in August, Reaching Over 14,400 ShekelsIsrael's average salary in August was 14,448 shekels, an increase of 4.2% from the previous year, according to preliminary data. The number of employed positions saw a slight decrease from July.Economy · 19d agoUEFA to Distribute Millions in Grants to Israeli Clubs for Player ReleasesUEFA is introducing grants for Israeli Premier League clubs to compensate for player releases to national teams. The system awards clubs based on player squad appearances, with Hapoel Be'er Sheva expected to receive the most.Economy · 19d agoIsraeli Comedy Trio 'Mah Kashur' Invests $7 Million in New Coffee BrandIsraeli comedy group 'Mah Kashur' has invested 7 million shekels to launch their own black coffee brand, aiming to compete aggressively in the Israeli market. The trio is deeply involved as owners and entrepreneurs in the venture, which has been in development for over a year.Economy · 19d ago · also in 1 newsroomHolmes Place Gym Chain Ordered to Pay NIS 250,000 to CleanerThe Tel Aviv Regional Labor Court ordered the Holmes Place gym chain to pay NIS 250,000 to a cleaner, ruling the chain was his direct employer despite claims of an external contractor. The court cited the chain's failure to identify the contractor and provide the worker with proper benefits and employment terms.Economy · 19d agoArgentina Offers Citizenship for $350,000 to Attract Foreign InvestmentArgentina is launching a program to grant citizenship to foreign investors for a minimum of $350,000, aiming to attract capital to its recovering economy. The initiative, part of President Javier Milei's economic strategy, includes options for direct contribution or bond purchase and allows for family members to be included at extra cost.Economy · 19d ago · also in 1 newsroomEngineering Firm's Fees Revealed in Lawsuit: Up to Millions Per ProjectA lawsuit filed by former employee Tamir Nahari against David Engineers has exposed the firm's project fees, which average over 1 million shekels per project. Nahari is suing for 8 million shekels in alleged unpaid wages, claiming the firm misrepresented client payments.Economy · 19d ago · also in 33 newsroomsIsrael Cuts Fuel Prices by Half a Shekel Per Liter Amid Public OutcryIsrael's Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich have reduced gasoline prices by half a shekel per liter following a record high and public backlash. The move, effective immediately, lowers the price to 7.77 shekels per liter and is expected to cost the economy millions.Economy · 20d ago · also in 1 newsroomHaifa Apartment With Expansive Balcony Sells for 1.55 Million ShekelsA 40-square-meter, two-room apartment in Haifa, distinguished by a 63-square-meter balcony, sold for 1.55 million shekels. This transaction highlights the diverse pricing of small apartments in the city, with unique features like large outdoor spaces commanding premium prices.Economy · 20d ago · also in 33 newsroomsIsrael Cuts Fuel Tax Again Amid Election SeasonIsrael's Minister of Finance, Bezalel Smotrich, has ordered a second consecutive cut to the fuel excise tax, lowering the price of gasoline by 50 agorot to 7.77 shekels per liter. The move, which will last for one month, is opposed by finance ministry professionals due to its significant budgetary cost of approximately half a billion shekels combined with the previous cut.Economy · 20d agoIsraelis Fuel Corfu's Economy, Driving Record Tourism NumbersIsraeli tourists have become a major economic driver for the Greek island of Corfu, significantly boosting its tourism numbers and spending. Israelis are staying longer and spending more than other European visitors, and have also become key investors in the island's real estate market.Economy · 22d ago · also in 2 newsroomsCompany Must Pay Hundreds of Thousands in National Insurance Fees for Employee VehiclesThe National Labor Court ruled that infrastructure company A. Litman must pay hundreds of thousands of shekels in National Insurance fees for vehicles provided to employees, classifying them as a salary benefit. The court rejected the company's appeal, finding that procedures to prevent private use were inadequate and that the possibility of private use was the determining factor.Economy · 23d agoEilat VAT Exemption Drives Israelis to Higher-End PurchasesAn analysis by Zap Price Comparison shows that Israel's VAT exemption in Eilat leads consumers to spend more on upgraded or premium products, with mobile phones being a prime example of this trend.Economy · 23d ago · also in 26 newsroomsIsrael Approves Fuel Subsidy to Mitigate Price HikeIsrael's Attorney General approved a 50 agorot per liter fuel subsidy for October, lowering the price from a record high to 7.77 shekels. This second consecutive monthly subsidy will cost the state over 300 million shekels for September and October combined.Economy · 23d ago · also in 8 newsroomsFormer Mattel CEO Ynon Kreiz Tapped for Top Role in Paramount-Warner Bros. Discovery MergerFormer Mattel CEO Ynon Kreiz has been named co-CEO of the merged Paramount and Warner Bros. Discovery entity, overseeing daily operations and integration. The $81 billion deal, now nearing completion, will create a major U.S. media conglomerate.Economy · 24d ago · also in 2 newsroomsIdan Ofer's Cannon Invests $450 Million in US Infrastructure FirmIdan Ofer's Cannon company is investing $450 million for a 25% stake in U.S. infrastructure firm Vesta, following a highly profitable exit from its investment in the shipping company ZIM. The deal values Vesta at $2.92 billion, and the funds for the investment were largely generated from the sale of ZIM shares and dividends, which yielded over $2.1 billion.Economy · 24d ago · also in 1 newsroomIsrael Faces Potential Price Hikes as Fuel Costs Soar to Record HighsGasoline prices in Israel are set to hit a record high, triggering concerns about widespread price increases in transportation, utilities, and goods. The government is considering expanding fuel subsidies despite financial and legal challenges.Economy · 24d ago · also in 1 newsroomRamat Gan Approves Massive Redevelopment With Dozens of New SkyscrapersRamat Gan has approved a massive urban renewal project featuring dozens of new skyscrapers, many up to 100 stories high, in its business district. The plan aims to create a mixed-use area with extensive employment, residential, and commercial spaces, enhancing its status as a major economic hub.Economy · 24d agoChinese Fashion Giant Shein Faces Major Losses Amid Global TurmoilChinese fast-fashion retailer Shein has reported significant profit declines and a slowdown in growth, leading to a stock crash. Factors include the cancellation of US duty-free exemptions, rising shipping costs due to Middle East tensions, and increased competition, impacting consumers with higher prices and longer delivery times.Economy · 25d ago · also in 7 newsroomsIsrael Seeks to Block Record Fuel Price Hike Amid Election ConcernsIsrael's Finance Minister is holding an emergency meeting to try and block a record fuel price increase of 52 agorot per liter, facing potential legal challenges due to the upcoming elections.Economy · 25d ago · also in 3 newsroomsIsrael's Largest Mall Opens New Platinum Floor After Major Ownership ChangesIsrael's "Kanyon HaZahav" mall in Rishon LeZion has opened a new 12,000 square meter "Platinum Floor," making it the country's largest mall at 122,000 square meters. The expansion, costing 100 million shekels, follows Migdal Insurance's full acquisition of the mall from the Gindi family.Economy · 25d agoApartment Prices Decline Across Most Major Israeli CitiesApartment prices per square meter have fallen in 16 of 20 major Israeli cities over the past year, according to new data from Yad2. The steepest drops were seen in Rishon LeZion for three-room apartments and Ashdod for four-room apartments, though some cities showed mixed trends.Economy · 25d agoIntensified Competition Drives Down Lego Prices in IsraelIntensified competition among Lego retailers in Israel, including official importers and parallel importers like Super-Pharm, is leading to significant price drops on popular toy sets. Consumers can save tens of shekels by comparing prices across different stores.