Economy — Israel news in English
The latest economy from across Israeli media, translated and compared. 48 recent stories.
Nebius Surges 220% as Big Short Investor Takes Opposing Bet
Nebius, an Israeli-founded neo-cloud AI infrastructure company, has surged 220% in 2024 with strong revenue growth and major contracts. Despite this, investor Michael Burry has ta…
Sephora Collection Beauty Products Launch in Israel With Significant Price Gaps
Israeli retailer Glam42 will start selling Sephora Collection cosmetics on August 20 under a temporary agreement, marking Sephora's first official entry into Israel. Channel 12's…
Nasdaq Plans 23-Hour Trading Day Starting December, Impacting Israeli Market
Nasdaq plans to extend trading hours to 23 hours daily starting December 6, pending SEC approval, adding overnight sessions. This change will allow Israeli investors to trade U.S…
Former Electricity Regulator Sami Turgeman Joins Mega Or to Navigate Server Farm Licensing Challenges
Mega Or hired former electricity regulator Sami Turgeman to help secure critical server farm licenses amid a 140-day licensing freeze by Israel's Electricity Authority, which has…
AI Skills Surge Dramatically Across Israeli Job Market, Including Non-Tech Roles
Israeli job market data shows a massive increase in AI skill requirements across sectors, including finance and education, driven by technological integration and workforce retrai…
Conflict Escalates Between Israeli Water Authority and Mekorot Over Financial Regulations and Investment Incentives
The Israeli Water Authority's new regulatory accounting rules have sparked a financial dispute with state-owned Mekorot, leading to significant impairment losses and threats of sa…
Top Israeli Law Firms Earn Millions Advising Government Companies from 2023 to 2025
Three top Israeli law firms earned over 25 million shekels each advising government companies from 2023 to 2025, with total legal fees reaching about 409 million shekels. The mark…
Israeli Rabbinate Expands Training to Address Kosher Slaughter Shortage Amid Rising Meat Prices
The Israeli Chief Rabbinate has approved a plan to resume practical kosher slaughter exams to address a severe shortage of certified slaughterers and team leaders, amid soaring wa…
Electra Wins $600 Million Tender to Build Fast Lane on Highway 5 in Israel
Electra won a 2 billion shekel tender to build and operate a 25-kilometer fast lane on Highway 5, including a large parking and transit complex at Kesem Interchange, aiming for co…
Data Shows Miri Regev’s Public Transport Reform Fails to Boost Ridership in 2025
Israel's 2025 public transport reform led by Minister Miri Regev resulted in only a 1.4% rise in ridership, far below previous growth rates. Despite expanded discounts and lowered…
Migdal Insurance Reports 575 Million Shekel Profit in Q2 2026, Boosted by Pension Growth
Migdal Insurance posted a 575 million shekel net profit in Q2 2026, driven by strong pension and provident fund growth despite declines in health and motor insurance profits. The…
New Affordable Building Plots Available in Dror-Hiran Settlement Starting at 250,000 NIS
A new building group in Dror (Hiran), northern Negev, offers affordable rural-style plots starting at 250,000 NIS equity, enabling garden apartments under 2 million NIS. The proje…
Investment Firm Pestrank Reveals Highest-Paid Executive and Bonuses Ahead of IPO
Pestrank Investment House revealed in its IPO prospectus that chief investment officer Ariel Moldovan earned the highest compensation in 2025, totaling about 2.1 million shekels…
Haifa Court Cancels Rafael's 1.245 Billion Shekel Development Levy Demand
The Haifa District Court canceled a 1.245 billion shekel development levy demand against Rafael, citing flawed municipal calculations and unreasonable methodology. The court order…
Israeli Supermarkets Expand Non-Food Products, Following Convenience Store Model
Israeli supermarkets are increasingly selling non-food items like electronics and bicycles, following a retail model pioneered by convenience stores over a decade ago. This shift…
Interest Rate Differentials Reshape Currency Market Outlook in 2026
Interest rate differences between central banks are set to influence currency markets in 2026, with the euro, yen, and some emerging market currencies expected to benefit. The U.S…
BIG Fashion Glilot Center Remains Financially Opaque Despite Being Key Asset
BIG Fashion Glilot, a major retail center opened in 2025, remains financially undisclosed in BIG's Q2 2026 report despite its significance. The company groups it with other new pr…
Israel Intensifies Economic Dispute with Qatar Over Zim Shipping Sale to German Firm
Israel is blocking the sale of shipping company Zim to Germany's Hapag-Lloyd due to concerns over Qatari and Saudi influence, following Qatar's veto of a separate defense deal. Mu…
BIG Shopping Centers Boost Quarterly Profits with Galilot Expansion and European Growth
BIG Shopping Centers reported strong Q2 2025 results driven by its Galilot mall and European expansion, with NOI rising 25% in Israel and 15% in Europe. Despite currency challenge…
Israeli Bus Drivers to Receive Up to 1,700 Shekels Monthly Bonus for Excellence
Kavim bus drivers in Israel will receive up to 1,700 shekels extra monthly through a new collective agreement that rewards safety, punctuality, and service quality, alongside enha…
IsraCard Launches All-in-One Payment and Management Platform for Small Home-Based Businesses
IsraCard has launched a unified payment and management platform for small and home-based businesses, offering two years free usage and multiple payment options. The system simplif…
Analyst Guy Bechor Credits Finance Minister Smotrich for Israel's Historic 15.4% Economic Growth
Dr. Guy Bechor praised Israel's historic 15.4% annualized GDP growth in Q2 2024, crediting Finance Minister Bezalel Smotrich for the achievement and urging him to continue leading…
Benny Draifus Appointed Chair of Government Energy Company Shte'a for One Year Amid Election Transition
Benny Draifus was appointed chairman of the government energy company Shte'a for one year during Israel's interim government period. His appointment, approved by Finance Minister…
Matrix Reports Strong Q2 Growth Despite AI Concerns and Currency Challenges
Matrix posted strong Q2 financial results with significant revenue and profit growth despite a 40% stock drop this year amid AI concerns. CEO Moti Gutman rejected negative AI impa…
Ben David Group Launches Major Residential Towers Project in Maale Adumim Targeting Religious Zionist Community
The Ben David Group has launched "Adumim Towers," a major residential project in Maale Adumim featuring 750 units in seven towers, targeting religious Zionist and Anglo communitie…
Mekorot Reports 291% Profit Surge Amid Regulatory Dispute with Water Authority
Mekorot reported a 291% profit increase in Q2 2026, driven by accounting changes amid a regulatory dispute with the Israeli Water Authority. The company halted new projects due to…
Bezeq's Solelim Project Boosts Mivne's Real Estate Income and Cash Flow
Mivne Real Estate’s occupancy of its Solelim project in Tel Aviv boosted its Q2 2026 net operating income by 10% and AFFO by 15%, driven by increased office leasing and lower expe…
Israeli Economy Must Adapt to Constant Uncertainty Instead of Waiting for Stability
Rami Shavit, CEO of Hamashbir, urges the Israeli economy to stop waiting for stability and instead adapt to ongoing uncertainty by adopting flexible management and government supp…
Air Freight Prices Drop Sharply but Israeli Consumers Still Face High Costs
As international airlines resume flights to Israel, air freight prices have dropped significantly, but Israeli consumers have yet to see lower prices. Supply chain issues, governm…
Financial Sector Begins Preparing for Quantum Computing Risks and Opportunities
Financial institutions globally are preparing for quantum computing's transformative potential and risks, especially its threat to current encryption. Regulators in Singapore and…
Israir to Launch Ticket Sales for New Tel Aviv-New York Route Starting Next Week
Israir will start selling tickets next week for its new Tel Aviv-New York flights, set to begin in October 2026 after regulatory approvals. The airline aims to compete with return…
Professor Yossi Spiegel: Israel’s Real Economic Problem Lies With Government, Not 'Deep State'
Professor Moshe Cohen-Eliya blames Israel's high cost of living on an entrenched "economic deep state," but Professor Yossi Spiegel argues the government, led by Benjamin Netanyah…
Ramat Hasharon Tops Israeli Cities in Household Electricity Consumption, Partner Group Data Shows
Partner Group data shows Ramat Hasharon leads Israeli cities in household electricity use, averaging 757 kWh monthly. Consumption peaks in summer and weekends, with a 12% rise dur…
Israeli Fruit Council Warns Against Buying Unripe Kiwi Currently Sold in Stores
The Israeli Fruit Council warns consumers not to buy prematurely harvested Hayward kiwi currently sold in stores, advising to wait until October for proper ripeness. The premature…
Noam 3 Nano Water Dispenser Sells Out Quickly After Launch Due to High Demand
Afikim Mayim's new Noam 3 Nano water dispenser sold out its initial stock soon after launch due to unexpectedly high demand, especially from Sabbath-observant families. The compac…
Former Mossad Chief Yossi Cohen Promoted to Senior Strategic Role at SoftBank
Former Mossad chief Yossi Cohen has been promoted to a senior strategic advisor role at SoftBank, expanding his focus internationally on AI, cloud infrastructure, and semiconducto…
Investing 500,000 Shekels: Buy Rental Property or Build a Stock Portfolio
With 500,000 shekels, investors must choose between buying a rental apartment or investing in stocks. Rental properties offer steady income and potential appreciation but require…
Alony Hetz Reports Quarterly Loss Amid UK Asset Write-Downs and Energean Wind Project Devaluation
Alony Hetz reported a 179 million shekel quarterly loss due to UK asset write-downs and a 185 million shekel devaluation of Energean's Golan Heights wind project halted by local o…
US Airlines Resume Flights to Israel, Sparking Price Competition on New York Route
United Airlines and Delta Air Lines are resuming flights to Israel in September, increasing competition and lowering prices on the New York-Tel Aviv route. American Airlines will…
Israel Expands Duty-Free Yellow Cheese Imports to Neighborhood Stores at Half Price
Israel's Ministry of Economy expands duty-free yellow cheese imports to 540 retail points, including small neighborhood stores, offering prices at half the current supermarket rat…
Lockheed Martin Seeks to Deepen Partnerships with Israeli Tech and Defense Firms
Lockheed Martin and Israel's Ministry of Economy met in Jerusalem to discuss expanding partnerships with Israeli defense, aviation, and cybersecurity firms. The talks focused on l…
Ondas Acquires Israeli Security Firm Aran Defense for 100 Million Shekels
US security firm Ondas acquires Israeli company Aran Defense for 100 million shekels, marking its sixth Israeli acquisition. The deal involves half of Aran R&D’s market value and…
Michael Bubrov Sells 18% Stake in Petrochemical Company at 20% Market Discount
Zoglovek Expands Into Thailand, Acquires Majority Stake in Plant-Based Meat Producer
Israeli company Zoglovek acquires 70% of Thai plant-based meat producer Plant & Bean, expanding into meat substitutes and appointing Eli Zoglovek as international president.
Dalia Energy Secures Financial Closure for Ashkelon Power Project in Ashdod
Dalia Energy secured financial closure and regulatory approval for its Ashkelon Avshal power project in Ashdod, with Bank Hapoalim arranging 5.2 billion shekels in debt and a 20-y…
Israeli Brand Parfa Aims to Bring French Luxury Skincare to Israel
Lisbon Surpasses Tel Aviv as Europe’s Most Expensive City to Buy a Home
Lisbon has overtaken Tel Aviv as the most expensive European city to buy a home, requiring over 31 years of gross salaries for a 100-square-meter apartment. Tel Aviv now ranks fou…
Sky Fund Considers Selling Control of Icon Group Ahead of Tel Aviv Market Open
Sky Investment Fund is considering selling its controlling stake in Icon Group, valued above 500 million shekels, as the Tel Aviv Stock Exchange prepares to open following moderat…