Clal Insurance Joins BLenergy in €250 Million European Energy Investment Amid Market Fluctuations

Clal Insurance is set to invest 250 million shekels in a strategic partnership with BLenergy, the energy arm of the Belilios family, focusing on European energy projects. Over 95% of the investment will be allocated directly to projects, with Clal holding up to 20% equity in the company itself.

In real estate news, the G City-Ari Real Estate deal is on the verge of cancellation after Katzman requested, through his lawyers, that Abu transfer the agreement involving key partners from Yespro. Abu refuses, claiming Katzman’s commitment to the deal is sufficient. Industry sources view this as Katzman’s initial move towards terminating the agreement, potentially leading to legal disputes.

Meanwhile, Fattal Hotels is strengthening its presence in London’s luxury market by investing £66.5 million (approximately 275 million shekels) to acquire primary lease rights for The Dilly hotel. The company plans an additional £60 million (around 248 million shekels) for renovations, adding to a previous £90 million investment in 2022. Total investment in the property is expected to reach about £220 million (900 million shekels).

The Tel Aviv Stock Exchange is opening a new trading week and month following a positive July, with the TA-35 index up 2% and TA-125 up 1.5%. This follows gains on Wall Street last Friday, where the Dow Jones rose 0.5%, S&P 500 increased 0.7%, and Nasdaq climbed 1%. Early trading shows continued positive momentum in US index futures.

Oil prices dropped sharply after President Trump announced the cancellation of a planned strike against Iran, responding to requests from Tehran and other Middle Eastern countries to avoid escalation and promote an agreement. Brent crude fell 5.1% to $83.5 per barrel, and WTI dropped 5.9% to $79.7 per barrel. US 10-year Treasury yields declined 5 basis points to 4.70%, while Israeli 10-year bond yields stand at 3.85%.