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TheMarker
Business and markets daily of the Haaretz Group. We translate its reports into English and compare them with 43 other newsrooms.
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Language and baseHebrew · Tel AvivFounded 2000
The last 30 days
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94 mintypical time behind the first report
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TheMarker's tone this month is neutral. On Netanyahu, the United States, the Knesset, Iran and Likud its wording is in step with the other newsrooms.
From 643 reports this month, judged without the newsroom's name. How this is measuredOnly TheMarker had it
Haredi Community Leavers Navigate Job Market ChallengesEconomy · 1d agoDespite Zini's Embarrassing Failure, He Should Not Be FiredSecurity · 1d agoAyla Hasson Resigns from Public Broadcasting Over Editorial DisputesCulture · 1d agoBig stories TheMarker skipped
Israel Strikes Hamas Commander at Gaza Hospital, Cites Hostage DetentionCovered by 21 newsroomsIsrael's Attorney General Ordered to Appear in Netanyahu TrialCovered by 20 newsroomsPresident Herzog Mediated Early Talks for Netanyahu-Eisenkot Security MeetingCovered by 17 newsroomsLatest from TheMarker
Economy · 1d ago · also in 1 newsroomIsrael's Treasury Fears Nvidia Shake-Up Could Impact EconomyIsrael's Ministry of Finance is worried that instability at Nvidia could cause a macroeconomic event, as the company contributes 10 billion shekels annually in taxes. It is unclear if management changes will affect Nvidia's expansion plans in Israel. The situation also raises concerns about past government spending based on high tax revenue assumptions.Economy · 1d ago · also in 5 newsroomsArkia Workers Seek New Investor Amid Control Deal ConcernsThe Arkia Airlines employees' corporation is searching for a new investor due to concerns about a control deal. The workers' group, holding 22.14% of the company, fears share dilution and layoffs. They have a three-day deadline to match the new investor group's offer.Economy · 1d agoHaredi Community Leavers Navigate Job Market ChallengesIndividuals leaving the Haredi community in Israel face immense challenges entering the job market without prior experience or support systems. Many feel unprepared for workplace norms, with one woman recounting a CEO's dismissive reaction to her background. These individuals must learn basic professional skills and navigate a system unfamiliar to them.Economy · 1d agoHaifa Garden Apartments Sell for Up to NIS 2 MillionTwo five-room garden apartments in Haifa sold for up to NIS 2 million. A 108-square-meter unit with a large garden on HaShaked Street fetched the top price. Other sales included a three-room apartment in Holon for NIS 1.5 million and a four-room apartment in Ashdod.Economy · 1d agoLoanWise Founder Sees Opportunity in Non-Bank MortgagesEran Wolf, founder of LoanWise, is offering mortgages at higher rates to clients rejected by Israeli banks. The company's credit portfolio has exceeded one billion shekels, with a goal of six billion within five years. Wolf aims for an IPO in two years, seeing opportunity despite the banking sector's 95%-97% market dominance.Economy · 1d ago · also in 1 newsroomSegev Moshe's Restaurant Chain Faces Financial Woes Amidst Shrinking OperationsChef Segev Moshe's restaurant chain, Segev Express, is facing significant financial difficulties and shrinking operations. One branch in Rishon Lezion owes 1.5 million shekels in unpaid rent to the Gold Mall, with settlement talks ongoing. Moshe was once a prominent media personality and associated with the Prime Minister's office.Economy · 1d agoGalilee Village Struggles as State Support WanesOrly Ben Best and her family moved to Kfar Vradim, a village in the Galilee, after being drawn to a specific house. Ben Best stated that the village, once prestigious, is no longer receiving state support, causing residents to look elsewhere. She believes the North requires more investment and a change in approach.Economy · 1d agoFormer Yes CEO Ron Eilon Sues Bezeq for Millions After Dropped ChargesFormer yes CEO Ron Eilon is suing Bezeq for NIS 3.3 million in legal fees and bonuses related to the Bezeq-yes affair. Nine years after an investigation began and following the dismissal of fraud charges against him in a conditional settlement, Eilon has stepped away from major public roles. He now works as a consultant and investor, his career path altered despite no criminal conviction.Economy · 1d agoConstruction Tech Unicorn Veev Attempts Comeback in IsraelErwin Schillinger and Lissy-Inden are launching a new venture to revolutionize Israeli construction with robotic production lines. Their previous company, Veev, reached a $1 billion valuation in 2022 before collapsing. The new effort aims to cut building costs by tens of percent and achieve a similar valuation.Economy · 1d agoYacht Dweller Sells Ashdod Apartment for Over $350,000A property owner who decided to live on a yacht sold his 51-square-meter, 2.5-room apartment in Ashdod for NIS 1.35 million. The apartment, located in a "Pinui Binui" renewal area, sold within a month. No other units are currently available in the complex.Economy · 1d ago · also in 1 newsroomOmega to Acquire Control of Spacecom Satellite FirmOmega, owned by Liron Krasin, is poised to acquire a controlling stake in the Israeli satellite firm Spacecom. The deal values Spacecom at NIS 155 million, a 34% premium over its current market value.Economy · 1d agoEfi Properties Reports 15.4% Net Profit Growth in Q3Efi Properties' stock rose 2% after reporting a 15.4% increase in net profit to $512 million for the third quarter of 2026. The company's Net Operating Income (NOI) grew 8.3% to 300 million shekels, driven by project acquisitions and completions. Efi Properties expects its annualized NOI to reach 1.23 billion shekels soon and potentially 1.52 billion shekels upon completion of new developments.Economy · 1d ago · also in 2 newsroomsChannel 16 Faces Claims of Delayed Payments to FreelancersPhotographers and freelancers at Channel 16, which launched five months ago, are reporting significant delays in receiving their salaries. Employees claim they are being told payments are processed but never arrive. The channel, led by media figure Ram Lands, attributes the issue to a "specific technical glitch" and promises a swift resolution.Economy · 1d agoOphakim Housing Lottery Winners See 64% Profit on PurchaseHousing lottery winners in Ophakim have profited by about 64% due to a significant gap between subsidized and market prices. The average apartment price in September was NIS 2.05 million, while subsidized apartments averaged NIS 8,300 per square meter. This discount is 14% higher than planned, with a decision on financing benefit restrictions pending.Economy · 2d ago · also in 10 newsroomsInvestors to Acquire Control of Arkia Airline for Tens of MillionsArkia airline's controlling stake has been sold to a group of investors including Einav Adib-Barer, Kidan Dahari, Yaron Adib, and Yariv Lerner for $30 million. The Nakash brothers will retain a 3% stake, while employees will hold 22.2%. The deal aims to stabilize the company, though a labor dispute remains active due to concerns over potential layoffs. The investor group expressed commitment to Arkia's long-term future.Economy · 2d ago · also in 8 newsroomsArkia Employees Declare Labor Dispute Over Company Restructuring PlansArkia airline employees have declared a labor dispute due to the owners' plans for efficiency measures and cutbacks without worker agreement. The stalled sale of the company also contributed to the dispute. Arkia has confirmed the dispute but stated that all flights and operations are proceeding normally with no impact on passengers.Economy · 2d ago · also in 2 newsroomsStrauss Chairwoman Ofra Strauss Joins Top Gum BoardOfra Strauss, chairwoman and owner of Strauss, has been appointed to the board of directors of Top Gum. Top Gum is a company traded on the Tel Aviv Stock Exchange that produces gummy supplements and regular candies. This appointment may signal a strategic investment.Economy · 2d ago · also in 1 newsroomIsraeli Apartment Sales Stabilize in September Despite Holiday SlumpIsraeli apartment sales fell 23% in September due to holidays, but rose 6% when adjusted for seasonal factors. Year-over-year sales were down 15%. Haifa saw a 17% sales jump, while Tel Aviv contractors hold over 10,000 unsold units.Economy · 2d agoDiscount Bank Executive Assaf Eldar to Lead Bituach Yashir InsuranceAssaf Eldar has been appointed the new CEO of IDI Insurance (Bituach Yashir), succeeding Kobi Haber. Eldar previously served as the Head of the Banking Division at Discount Bank for 17 years. He is a law graduate from Tel Aviv University and was responsible for digital and marketing at Discount Bank.Economy · 2d agoIsrael's Job Market Masked by Foreign Workers and Reservist PayIsrael's job market shows low unemployment but a declining employment rate since the war began, with both low- and high-skilled jobs affected. A surge of over 60% in foreign workers and NIS 110 billion in reservist payments are masking these structural problems. The economy functions but faces budgetary costs and productivity risks.Economy · 2d agoMega Or and BIG Establish Joint Venture for European Data Center InvestmentsReal estate firm Mega Or, co-controlled by Tzachi and Efrat Drori Nahmias, is expanding its data center business into Central and Eastern Europe through a joint venture with BIG. This strategic move follows a stock surge and addresses limitations on data center construction in Israel. Mega Or reported a 17% rise in NOI and FFO for the third quarter.Economy · 2d agoPhoenix Equity Fund Reveals Investments in Gett, OpenAIThe Phoenix Co-Invest 2 fund, launched in early 2024, has made 40 investments including in Gett, United Living, and OpenAI, returning 30% to investors. Phoenix is focusing on asset management for future growth, with its Co-Investment funds managing $140 million. The fund's performance has trailed the S&P 500's gains.Economy · 2d agoTrader Warned of NVIDIA CEO's Suspicious Relationship Months Before Stock PlungeStock trader the stock trader issued a report in May highlighting a "suspiciously close relationship" between Nvidia CEO Jensen Huang and Alice Huang. The report also raised concerns about Nvidia's business dealings in China. The stock trader, a short-seller, has not revealed his profits from the stock's subsequent drop.Economy · 2d ago · also in 1 newsroomReal Estate Developer Offers Decade-Long Payment Deferral Amidst Market SlowdownGindi Holdings is offering a decade-long, interest-free deferral on a NIS 900,000 payment for new apartments to combat a slowdown in sales. Experts question if this creative marketing tactic addresses the fundamental issue of affordability, as prices have recently shown a slight decline. The article argues that the real problem is the gap between property prices and consumer income, predicting further price drops and urging government action on land release and infrastructure to create a healthier market.Economy · 2d ago · also in 1 newsroomUS Firm Metalenz Acquires Israeli Startup PxE ImagingBoston-based Metalenz has acquired Israeli startup PxE Imaging, which develops low-light photography technology. Founded in 2018, PxE Imaging had previously raised $6.5 million from investors including Merck's venture arm. The terms of the acquisition by Metalenz, a developer of optical and sensing components, were not revealed.Economy · 2d ago · also in 2 newsroomsTel Aviv Stock Exchange Shares Drop 8% Amidst Trading Volume DeclineThe Tel Aviv Stock Exchange's share price fell 8% as trading volumes decreased. Over the last five years, the TASE share has returned 875%, far exceeding the main indices' 100% return. The exchange, which IPO'd in 2019 at 700 million shekels, is now valued at 12.5 billion shekels.Economy · 3d agoInterest Rate Cuts and Special Tax to Hit Bank ProfitsLeader estimates that Israel's five major banks will see a 10% drop in net profit to approximately 8 billion shekels in the third quarter. Interest rate cuts and a special bank tax are expected to reduce profits, though inflation and credit growth may offer some offset. Israel Discount Bank's stock fell 5% after releasing its report.Economy · 3d agoCaesarstone Reports Major Loss Amid California Lawsuit, Adds Going Concern NoteCaesarstone reported a $56 million loss for the third quarter of 2026 after a California court ordered it to pay $47 million in a silica exposure lawsuit. The company has made provisions of $105 million for claims and added a "going concern" note to its financial reports. Its stock dropped 4% in early trading, continuing a 26% decline this year.Economy · 3d ago · also in 6 newsroomsIsrael's Discount Bank to Offer Bitcoin and Ethereum TradingDiscount Bank will launch a cryptocurrency trading service for its customers on November 26, allowing trades in Bitcoin and Ethereum via its app. The bank will hold the digital assets for clients in a "closed garden" system, initially free of charge. The service will also facilitate tax deductions on capital gains and losses within investment portfolios.Economy · 3d ago · also in 2 newsroomsIsrael Approves Plans for Three New Natural Gas Power PlantsThe Israeli government has approved the advancement of plans for three new natural gas power plants to be built by PowerGen, Shamir Energy, and Park Palmachim. The approval allows developers to move forward with the National Infrastructure Committee process. Additionally, agro-voltaic projects for electricity generation in frontline communities were also approved.Economy · 3d agoProfiMax Loses $4 Million Lawsuit Over Tech Real Estate VentureReal estate investment firm ProfiMax lost a NIS 15 million lawsuit against a couple it partnered with on a tech real estate product. The Tel Aviv District Court dismissed the case, ruling the exclusivity agreement was not breached. ProfiMax must pay NIS 640,000 in expenses and plans to appeal.Economy · 3d ago · also in 4 newsroomsIsrael Tax Authority Proposes Carbon Tax on Flights Amidst Tourism ConcernsIsrael's Tax Authority proposed taxing flight carbon emissions to account for environmental damage, sparking opposition due to fears of harming tourism and exports. The debate centers on balancing environmental costs with economic impacts. Public opinion was amplified after a Tax Authority official commented on social media.Economy · 3d ago · also in 5 newsroomsVine Ventures Raises $236 Million for Third FundVenture capital firm Vine Ventures has raised $236 million for its third fund, which invests in Israeli startups. Co-founder Arik Rayner, who immigrated to Israel after a hospitalization and experienced a religious return, established a study hall at the firm's offices, finding it beneficial for business.Economy · 3d ago · also in 3 newsroomsLeumi Partners Invests $100 Million in US Real Estate Firm Harbor GroupLeumi Partners, Bank Leumi's real estate investment arm, is investing $100 million in U.S. firm Harbor Group International, which manages $22 billion in apartment complexes. The deal includes options for an additional $30 million investment, potentially raising Leumi's stake to 10%. This move expands Leumi's U.S. real estate holdings, with Harbor Group's portfolio projected to reach $60 billion.Economy · 3d agoClal Insurance Joins Migdal in Investing in Ashtrom Residential RentalsClal Insurance will invest several hundred million shekels to partner with Ashtrom Group in its rental housing business, mirroring Migdal's recent investment. The deals are expected to affect Ashtrom's debt ratios, with projected 2025 revenues of 115 million shekels from the sector. Ashtrom Group's stock has fallen 22% this year, with the company valued at 6.1 billion shekels.Economy · 3d ago · also in 4 newsroomsIsraeli Autonomous Driving Sensor Firm Innoviz Lays Off 25% of StaffIsraeli autonomous driving sensor company Innoviz is laying off 25% of its workforce, about 90 employees. This follows an earlier layoff of 9% of staff in early 2025. The company cited delays in autonomous driving technology adoption by automakers as the reason for the workforce reduction.Economy · 3d agoDelta Israel Expands Product Range to Drive Sales GrowthDelta Israel, with 170 stores, is struggling to grow sales and is expanding its product offerings. The company has started selling bedding and is now adding everyday clothing to increase purchase value. The CEO expressed confidence in these new ventures.Economy · 3d agoRevolut Secures Banking License for Israeli Market EntryFintech giant Revolut has obtained a banking license for its planned entry into Israel, following negotiations with the Bank of Israel. Announced in August 2024, the company aims to disrupt the local market but must overcome challenges like a closed credit system and consumer payment habits.Economy · 3d agoKinneret City Project Turns From Flagship to Legal QuagmireThe Kinneret City urban renewal project, Av-Gad's flagship development on the Sea of Galilee, has become a legal battle. Landowners are suing Av-Gad for NIS 20 million and its directors, while Av-Gad is countersuing for NIS 100 million. The dispute adds to challenges from a slowing housing market.Economy · 3d ago · also in 13 newsroomsRevolut Receives Conditional Banking License in IsraelBritish fintech company Revolut has received a conditional banking license in Israel, with services expected to launch within a year after meeting further requirements. This is the third new banking license in Israel since December 2019, ending a 40-year drought. The company's chairman is Shmuel (Muli) Ben Tzvi and the CEO is Ori Nathan. It is yet to be determined how Revolut will compete with established banks.Economy · 4d agoIncredibuild Lays Off 18% of Staff Amid AI IntegrationSoftware company Incredibuild is laying off 18% of its 91 employees, about 16 people, due to integrating AI processes. The company announced the organizational change on Tuesday, with affected staff to be called for hearings. Incredibuild seeks to broaden its solutions into new areas of software development, including AI.Economy · 4d ago · also in 1 newsroomInfrastructure Firm Completes Major IPO, Valued at $900 MillionInfrastructure company Y.D. Barzani completed its IPO on the Tel Aviv Stock Exchange, raising about 1 billion shekels and valuing the company at 3.25 billion shekels. Owners Dain Bar and Yossi Barzani will each hold shares worth approximately 1.14 billion shekels and expect a 200 million shekel dividend. The offering was the second-largest this year on the exchange.Economy · 4d agoSonol-Afcon-Pentech Partnership Plans Haifa Bay Power PlantAfcon, Sonol, and Pentech Energy are partnering to build a 900-megawatt power plant in Haifa Bay, along with a server farm and energy storage facility, at an estimated cost of 4 billion shekels. The project faces opposition due to its location, which conflicts with government policy, and the planned server farm, which contradicts the Electricity Authority's directives. The companies maintain the project is contingent on receiving required approvals.Economy · 4d agoIsraeli Medical Device Firm Art Medical Files for Bankruptcy After FDA RejectionIsraeli medical device firm Art Medical has filed for bankruptcy after its innovative feeding management system was rejected by the FDA in October. The company, which raised about $100 million but had minimal sales, cited a lack of funding for further U.S. trials as the reason for its collapse. Art Medical is requesting to cease new patient connections to its system while facilitating transitions for existing users. The company owes approximately $13 million to creditors, including Avanos Medical.Economy · 4d agoArab Israeli Communities Lag in Electricity Supplier SwitchLess than 1% of residents in many Arab Israeli communities have switched to private electricity suppliers, compared to a national average of 16% of households. Approximately 430,000 households have moved to private suppliers offering 5-6% discounts. Experts cite a lack of Arabic-speaking outreach and culturally relevant services as the reason for the low adoption rate.Economy · 4d ago · also in 1 newsroomPartner Telecom Reports Record Profits After Strategic ShiftPartner Communications reported a 14-year record in quarterly profits following a strategic pivot to leverage competitors' infrastructure. The company saw subscriber growth and revenue increases in mobile and internet services. Its previously underperforming television division has also seen a turnaround with improved subscriber acquisition and performance.Economy · 4d ago · also in 1 newsroomTeachers' Union Chairman Ran Erez's Salary Cost RevealedThe annual salary cost for Ran Erez, Chairman of the Teachers' Union, was approximately 974,500 shekels in 2025. Shlomo Haddad, Chairman of the Professional Department, earned about 833,000 shekels that year. The union's budget relies on teacher dues and Ministry of Education funding. The figures were revealed following a freedom of information request.Economy · 4d ago · also in 1 newsroomTaboola Reveals Business Dispute With Yahoo Over 30-Year DealContent recommendation firm Taboola reported a business dispute with Yahoo over a 30-year deal signed four years ago. The agreement gave Yahoo a 15% stake in Taboola and access to its ad space. Both companies are now blaming each other for not fulfilling their commitments.Economy · 4d agoHolon Building Evacuated for Metro Station After TAMA 38 ApprovalA building in Holon approved for TAMA 38 urban renewal will be expropriated for a metro station after NTA reached a settlement with the owner. The owner will receive 12.5 million shekels and must vacate within 90 days. The building had already received its construction permit for the TAMA 38 project before the metro plans were finalized.Economy · 4d agoMonday.com Faces Growth Challenges After LayoffsWork management platform Monday.com is facing a growth slowdown after laying off 620 employees, including 350 in Israel. The company plans to reinvest $100 million saved on salaries into new hires for sales and AI roles. Despite this, Monday.com is reportedly losing existing business opportunities. The company's stock has dropped 6% following a weak forecast and 42% year-to-date.Economy · 4d agoDesigner Recounts Emotional Investment in Business VentureShani Medina, an industrial design student, invested significantly in a business with a friend before deciding to close it due to emotional and financial strain. He then moved to manage the Grovetech Technology Center, stressing the need to balance technological updates with budget constraints.Economy · 4d agoOctober Passenger Numbers to UAE Halved Amid Flydubai EffectPassenger numbers to the UAE were halved in October, linked to the "Flydubai effect." Wizz Air was the busiest international airline at Ben Gurion Airport, with Greece as the top destination. El Al carried 34.38% of international passengers in October, an increase from the previous year.Economy · 4d agoBond Market Emerges as Threat to Stocks Amid Investor IndifferenceThe bond market is becoming a threat to stocks, with corporate bonds offering attractive yields. AI companies have raised vast sums in debt, diverting institutional investment from U.S. Treasuries. Despite its size, the bond market faces low public interest, especially from young investors. Experts are analyzing these trends and their connection to political instability affecting stock markets.Economy · 4d ago · also in 2 newsroomsIsraeli Cybersecurity Firm Axonius Lays Off 9% of Staff, Citing AI IntegrationIsraeli cybersecurity firm Axonius is laying off 66 employees, about 9% of its workforce, primarily in Israel. CEO Joe Diamond cited a recent shift in software development towards an AI-based approach as the reason for the organizational changes. The company is adapting its structure to align with these new operational methods.Economy · 4d ago · also in 3 newsroomsBurial Societies Ask High Court to Approve 84% Price Hike for PlotsIsrael's Forum of Burial Societies is petitioning the High Court of Justice to approve an 84% price increase for burial plots, raising the cost to NIS 34,900. The organizations state the hike is necessary to fund cemetery development and prevent a shortage of burial spaces. The Ministry of Religious Services had reportedly prepared an approval order, but it was delayed by elections.Economy · 4d ago · also in 3 newsroomsPelephone Acquires Wecom for NIS 265 MillionPelephone is acquiring the cellular company Wecom for NIS 265 million, pending regulatory approval. The deal requires Pelephone to resolve network access with Cellcom, as Wecom currently uses Cellcom's antennas. Wecom has seen declining financial performance, and the combined subscriber base will be 3 million.Economy · 5d ago · also in 5 newsroomsShufersal Real Estate and Tidhar Sign Jerusalem Development DealTidhar Group and Shufersal's LARO Real Estate have signed a deal to build 240 apartments and 12,000 square meters of commercial space in Jerusalem's Talpiot neighborhood. The project will be built on land owned by Shufersal. The companies reported the binding agreement to the stock exchange.Economy · 5d ago · also in 1 newsroomMonday.com Stock Drops Amid Disappointing Full-Year Revenue ForecastMonday.com's stock fell 5.5% in early trading after the company issued disappointing revenue forecasts for the current quarter. While the company exceeded analyst expectations in the third quarter by about $8 million, its full-year revenue outlook was only slightly improved. Fourth-quarter revenue growth is projected at 14%, down from 19% in the third quarter.Economy · 5d agoRation and Murphy Gain Gas Exploration License in IsraelIsrael's Ministry of Energy granted a gas exploration license for the G area to a partnership of Ration and Murphy. This follows a three-year delay and the withdrawal of Dana Petroleum, which held a 15% stake. The ministry is also softening terms for another gas tender to attract more companies.Economy · 5d agoDelivery Services Follow Volt's Lead, Charge Service FeesDelivery companies HAAT and Mishloha are now charging consumers additional service fees, following a similar move by Wolt. HAAT is charging 2 shekels for deliveries in Jaffa and southern Tel Aviv, while Mishloha is adding a 2 shekel fee to orders from certain restaurants. Mishloha has stated that characterizing these new charges as general operational fees is misleading.Economy · 5d agoTech Bonds Offer Stable Returns Amid Market VolatilityTechnology company bonds remain attractive to investors despite increased supply and some negative cash flow, with U.S. bonds potentially offering a buying opportunity. Meanwhile, the Israeli market is anxious about political instability and potential civil war, while Wall Street is significantly impacted by the AI boom and ongoing war concerns.Economy · 5d agoAI Shifts Spur 40% Drop in Israeli Ad Tech Firms Taboola, OutbrainIsraeli ad tech firms Taboola and Outbrain are facing sharp declines in traffic and ad revenue due to AI-driven changes in online content consumption. Outbrain estimates traffic drops of up to 60% on partner sites, while Taboola reports shorter user engagement times, leading to fewer ad views. The CEO of Taboola cited user preference for information presented upfront as a factor. These changes are impacting the digital advertising landscape for Israeli companies.Economy · 5d agoIsrael Eases Food Import Rules, Shifting Responsibility to ImportersIsrael's Ministry of Health is simplifying food and cosmetic import licensing by adopting European standards. Importers now take legal responsibility for compliance, a pathway increasingly chosen for its efficiency. The reform seeks to reduce bureaucracy and lower consumer prices while ensuring public health.Economy · 5d ago · also in 1 newsroomVictory CEO Eyal Ravid Aims to Acquire Carrefour IsraelEyal Ravid, CEO of the Victory supermarket chain, is attempting to acquire Carrefour Israel in a phased takeover. Victory plans to initially buy a 30% stake and later merge Carrefour with institutional partners. The strategy involves selling branches, improving supplier relations, and cutting costs to achieve a multi-billion shekel valuation.Economy · 5d agoChevron Faces Delays in Dismantling Ashkelon Gas PlatformIsrael's Ministry of Energy is in negotiations with Chevron over the dismantling of the Mari gas platform off Ashkelon, which has been unused for over a decade. The project has already cost $273 million with no completion timeline. Dismantling costs can rival construction expenses, slowing down the process.Economy · 5d ago · also in 2 newsroomsGad Dairy Fined NIS 3 Million for Inadequate Response to Competition AuthorityGad Dairy will pay NIS 3 million to the state treasury due to an inadequate response to the Competition Authority regarding its acquisition of Meshek Weiler. The fine will be reflected in the company's third-quarter 2026 financial reports. The Competition Authority investigated the merger of the dairy producer with the tofu and milk alternative company.Economy · 5d ago · also in 2 newsroomsDefense Contractor Seeks Court Protection Amid $26 Million DebtCM Composite Materials, a defense equipment manufacturer, has requested court protection due to cash flow problems and 26 million shekels in debt. The company, owned by Mati Moscovitz, seeks a stay of proceedings to aid its recovery and find a buyer. Moscovitz personally guaranteed 10 million shekels of the debt.Economy · 6d agoNakash Brothers Reverse Decision, Will Not Dilute Arkia Employee HoldingsArkia Airlines' board decided Sunday not to dilute employee stock, which represents 22% of the company. The airline now needs millions of dollars in immediate funding to avoid operational problems. The Nakash brothers, who are the owners, reversed their earlier intention to dilute the shares.Economy · 6d ago · also in 18 newsroomsIsrael Tax Authority Recommends Carbon Tax on FlightsIsrael's Tax Authority proposed a new carbon tax on flights, estimating it would bring in 1.1 billion shekels annually and raise ticket prices by 4-5%. The tax would be distance-based, with longer flights costing more. Airlines oppose the plan, citing concerns about double taxation.Economy · 6d agoCybersecurity Firm JFrog Stock Soars After AI Concerns SubsideJFrog's stock has surged 190% from its February low after initial fears that competitor Anthropic's AI tools would harm its business. The market now sees JFrog's software supply chain security services as more critical due to the rise of AI-generated code and threats. Major clients including Anthropic and OpenAI now use JFrog's services.Economy · 6d ago · also in 3 newsroomsYango Deli Partners With City Market for In-Store DeliveriesYango Deli is partnering with City Market to offer deliveries from the supermarket's branches, a first for the company which usually uses its own dark stores. This initiative is a key step for new CEO Naama Elshich, as Yango Deli plans to reach 30 active locations nationwide by the end of 2027.Economy · 6d agoSequoia Capital Ousts Partner Involved in Israeli Startup InvestmentsBogumil Balkanski, a partner at Sequoia Capital involved in numerous Israeli startup investments, has been ousted from the firm. He was in Israel during the 2025 Iranian missile attack and expressed admiration for the nation's resilience. The move is part of broader internal organizational changes within Sequoia Capital.Economy · 6d agoBidding War for Arkia Intensifies as New Group Enters TalksA new group, led by Gil Demti and Shmulik Sosna, met with Arkia airline officials on Sunday to advance a potential acquisition deal. The negotiations, which have been ongoing for months, are estimated to be worth $30 to $40 million. This comes after reports of talks with Israir and an attempt by the workers' committee to buy the company.Economy · 6d agoS&P: Israeli Insurers Withstand War, But Growth Slowdown May Hurt ProfitsThe Israeli insurance sector is resilient to the ongoing war, with major companies showing stability through asset and credit management, according to S&P. Leading insurers are expanding into new areas, leveraging growth-oriented investments like stocks and real estate. Despite geopolitical tensions, the sector's profitability and capital strength maintain a positive outlook.Economy · 6d agoBlack Friday Shopping Risks Rise With AI and Fake SitesNovember has become a major shopping month in Israel with events like Black Friday, but it is now fraught with dangers. Risks include the unwise use of AI, fake sales websites, and deceptive marketing practices. Consumers face potential pitfalls during this period of increased sales and discounts.Economy · 6d agoBank of Israel Considers Renewing Contractor Loan RestrictionsThe Supervisor of Banks is evaluating whether to extend restrictions on contractor loan promotions for apartment buyers, which expire in December. Issued in April 2025 due to public concerns about increased risks, the regulations have had little market impact and are easily bypassed. Experts suggest better buyer protection would come from a 5% deposit and purchasing existing homes.Economy · 6d agoMoney Market Funds Fueling 100 Billion Shekel Deposit Certificate MarketThe market for deposit certificates, which bundle bank deposits into tradable bonds, is growing significantly in Israel, reaching about 100 billion shekels. This expansion continues despite recent interest rate decreases. These certificates are popular as a liquid alternative to bank deposits, often yielding higher returns. The article will examine the intermediaries involved and potential risks for money market fund investors.Economy · 6d ago · also in 1 newsroomIsraeli Companies in Russia Surge Amid Ukraine War SanctionsThe number of Israeli-owned companies operating in Russia has surged 2.5 times to 520 firms since the Ukraine invasion, according to Russian media. Israeli entrepreneurs are reportedly seeking profits by bypassing sanctions, potentially damaging Israel's global image. Experts warn of significant risks due to the lack of legal protections for businesses in Russia.Economy · 6d agoUS Election Results Spark Market Turmoil, Impacting AI Stocks and AidLast week's US elections, resulting in Democrats gaining control of Congress, have caused significant market shifts. AI stocks have crashed, Elon Musk's net worth dropped by $250 billion, and Israel faces an estimated annual loss of 12 billion shekels in defense aid. The American public desires a lower cost of living.Economy · 6d agoTech Sector Faces Hiring Shift Amid Economic HeadwindsA Central Bureau of Statistics survey reveals that the Israeli high-tech sector is experiencing a reduced worker shortage, with only 3% of employers citing it as a severe limitation in October 2026, down from 6% before the Iron Swords War. This contrasts with other sectors like construction, where shortages have worsened. Experts attribute the tech trend to AI integration and economic factors, while other industries face challenges exacerbated by the conflict.Economy · 6d agoVaronis Sale Details Emerge: CEO's $15M Investment ConditionVaronis has released a document detailing its sale to Thoma Bravo and Proffpoint, initiated 18 months ago. CEO Yaki Pfeilson must invest $15 million in the merged company as an unusual condition. The filing offers a more realistic view of the deal than previous optimistic statements.Economy · 6d agoIsraeli and US Election Results Dent Investor ConfidenceThe Tel Aviv 125 index has dropped 7% since the elections, with some sectors down over 10%, due to political uncertainty in Israel and the US. Investor optimism prior to the Israeli elections turned to uncertainty after the US midterm results. Both Israeli and Wall Street markets saw gains on the most recent Friday.Economy · 6d ago · also in 1 newsroomRapac Energy Buys Majority Stake in Orot Yitzhak Power StationRapac Energy is acquiring a 50.1% stake in the planned Orot Yitzhak power station for NIS 550-730 million from Tzachi Abu's Ari Real Estate and Jacky Ben Zaken's private company. The deal values the project at NIS 1.1-1.46 billion and is expected to yield significant profits for the sellers. The power station's development has advanced through the National Infrastructure Committee's planning process, with a final capacity decision pending. Rapac Energy, a recent IPO company, is expanding its energy portfolio with this acquisition.Economy · 6d ago · also in 1 newsroomSegev Express Faces NIS 1.8 Million Lawsuit Over Unpaid RentMelisron is suing Segev Express, owned by chef Segev Moshe, for NIS 1.8 million over unpaid rent and fees at the Ofer Kiryon mall. The restaurant company allegedly owes NIS 1.4 million for rent, management, parking, and electricity. Segev Express's checks to the mall were dishonored, and similar lawsuits have occurred at other closed branches.Economy · 6d agoArkia Shareholders Offer $3.9 Million Injection, Diluting Employee StakeArkia Airlines' board will vote Sunday on a $3.9 million capital injection from shareholders that would dilute the employees' 22% stake. Employees call the dilution illegal and threaten a strike, while a potential investor group awaits due diligence. The move could facilitate a sale to Israir or another buyer.Economy · 8d agoOrganizational Consultant Discusses Freelancer Identity and Risk-TakingOrganizational consultant Meirav Halel-Lavan, who holds a doctorate in sociology, researched the transition to self-employment. Her findings show 40% of freelancers also hold salaried jobs. Halel-Lavan states freelancers must sell themselves and take risks, comparing it to 'stomach aches.'Economy · 8d agoNorthern Village Offers Dream Homes at City Apartment PricesRoni Katzman found her dream home in the northern Israeli village of Lotem, prioritizing quality of life over material wealth. She stated that Lotem offers private homes and land at the price of a central Israeli apartment. Katzman emphasized that even with financial means, she would not leave Lotem for a city like Tel Aviv.Economy · 8d agoIsraeli Real Estate: Similar Prices for Different Sized Homes in Lod and Beer ShevaIn Lod, a 4-room apartment sold for 1.3 million shekels. In Beer Sheva, a larger 5-room apartment with a balcony and parking sold for 1.47 million shekels. The article highlights similar price points for different property sizes in Israeli cities.Economy · 8d ago · also in 1 newsroomEx-High-Tech Exec Burns Cash to Fight Israel's Supermarket MonopoliesFormer high-tech executive Kesem Li founded the social supermarket 'HaChishuk' to fight high prices and intermediary markups in Israel, admitting he is currently losing money on the venture. The store avoids major brands and sales, aiming to serve a diverse customer base from Tel Aviv to remote areas. Li prefers stocking lesser-known brands over those from monopolies, though he does carry some due to customer demand.Economy · 8d agoPhoenix Executive's Pay Package Challenges Senior Salary CapsEyal Ben Simon, the de facto controlling shareholder of The Phoenix, has become the highest-paid executive in Israel's regulated financial sector through stock and options maneuvers. Regulators' response will set a precedent for other executives. Historically, wealth accumulation in Israel was often tied to established business families, with a newer generation of tech billionaires also emerging.Economy · 8d agoFrench Jewish Buyer Purchases Seaside Apartment in Netanya for $930,000A French Jewish man bought a 130-square-meter, 4.5-room apartment on Netanya's beachfront for 3.4 million shekels for his son. The purchase is reportedly a response to rising antisemitism in France. The agent noted fewer French buyers and lower prices for similar units compared to previous highs.Economy · 8d ago · also in 1 newsroomPaz's Withdrawal From Wolt Market Deal Highlights Unfair Advantage ConcernsPaz has withdrawn its bid to acquire Wolt Market, citing concerns about profitability, which follows a ruling by the Israel Competition Authority forcing Wolt to sell the operation. The authority mandated the sale due to Wolt Market's potential unfair advantage by operating on the same platform it manages, accessing competitor data. Paz's withdrawal suggests that Wolt Market may not be viable without this perceived unfair edge, as the company has incurred significant losses.Economy · 8d agoEconomist Links Israeli Stock Market Drops to Increased Risk PerceptionBank Hapoalim's chief strategist, מודי שפריר, points to the shekel-dollar exchange rate and TASE index declines as signs of increased investor risk perception for Israel. This trend emerged after recent elections in Israel and the U.S. Meanwhile, global markets have seen gains, with currencies strengthening against the dollar.Economy · 8d ago · also in 1 newsroomJet Fuel Price Surge to Hike Flight Ticket Costs by 2027Flight ticket prices are expected to rise by 15% to 20% by 2027 due to increased jet fuel costs stemming from the Middle East conflict. Israel anticipates even sharper increases because of limited competition and high demand. The CEO of Israir highlighted the limitations of fuel price hedging. Current ticket prices are trending upward, with bleak forecasts for the upcoming year.Economy · 9d ago · also in 2 newsroomsNova Surpasses Forecasts With Record Revenue, Stock DeclinesNova, a chip manufacturing solutions provider, surpassed analyst expectations in the third quarter of 2026 with record sales of measurement and testing systems. The company projects revenues of approximately $310 million for the fourth quarter of 2026. Despite the positive results, Nova's stock experienced a decline in early trading on both the Tel Aviv and Wall Street markets.Economy · 9d agoTax Authority Chief: Property Tax on Vacant Land UnavoidableIsrael's Tax Authority Director Shai Aharonovich believes a property tax on vacant land is necessary. He warned that 2027-2028 will be challenging due to a potential halt in $4 billion annual US defense funding. Aharonovich urged finding less harmful revenue sources and stressed the importance of a stable government coalition.Economy · 9d agoFrutarom Investments Buys South African Firm for Up to $46 MillionFrutarom Investments is acquiring 93.25% of South African company Brenn-O-Kem (BOK) for up to $46 million. BOK processes wine industry byproducts into natural ingredients and expects $9 million EBITDA in 2026. The deal is part of Frutarom's growth strategy, with its stock rising 5.5% following the announcement.Economy · 9d ago · also in 1 newsroomPaz Oil Withdraws Bid for Ultima Market AcquisitionPaz Oil has withdrawn its bid to acquire Ultima Market, a dark store chain operated by Wolt. Paz had reportedly offered the highest bid of around 300 million shekels. The company withdrew due to concerns about achieving profitability for the business.Economy · 9d ago · also in 3 newsroomsIsraeli AI Firm Bria AI Lays Off a Third of Staff, Halts Model DevelopmentIsraeli AI firm Bria AI has laid off 20 of its 60 employees, about a third of its staff, due to a business and technological pivot. The company is also ceasing development of its AI model. The VP of Research departed, while the VP of Business is now a consultant.Economy · 9d ago · also in 1 newsroomUrban Renewal Projects Struggle as Major Cities Face Population DeclineMajor Israeli cities like Tel Aviv and Jerusalem are losing residents, despite urban renewal initiatives. Tel Aviv has a negative migration of 22,000 people, while Jerusalem faces a deficit of 88,000. Other cities such as Netanya, Be'er Sheva, and Bat Yam are also experiencing population decline. This trend contradicts the goals of urban renewal projects which aim to expand city populations.