Section

Economy

48 stories from the last few days, translated and compared across newsrooms

5 outlets · 4h ago

Revolut Seeks Key Roles in Israel, Signaling Bank Launch Plans

Fintech company Revolut is hiring for key banking roles in Israel, indicating plans to launch a bank. The company is in discussions with the Bank of Israel for a banking license and is preparing for regulatory oversight.

3h ago

Tel Aviv's Kikar Hamedina Sees Price Drops Amidst Urban Renewal

5 outlets · 4h ago

Kisu Restaurant Chain Opts for Private Investment Over Stock Exchange Listing

4 outlets · 4h ago

Israeli Businessman's $19 Billion Florida Project Gets Green Light

4 outlets · 5h ago

Fidelity Sells $350 Million in NextVison Shares, Falls Below 5% Stake

5h ago

Tel Aviv Municipality Earns Over Half a Billion Shekels from Parking Tickets

3 outlets · 5h ago

Israel's Supreme Court Rules Against Travel Agencies Keeping Fees on Canceled Flights

More Economy

Economy5h ago

Israir Advances Manila Route Amid Flydubai Flight Cancellations

Israir Airlines has moved up the launch of its new direct flight to Manila, the Philippines, from January 2027 to December 2026. This decision follows Flydubai's cancellation of i…

Economy5h ago·5 outlets

HOT Mobile Acquired by Delek Israel, Keystone, Leumi Partners for NIS 1.88 Billion

HOT Mobile has been sold for approximately NIS 1.88 billion to Delek Israel, Keystone, and Leumi Partners. The HOT Group stated the sale aligns with its strategy to focus on core…

Economy5h ago·5 outlets

Coca-Cola Israel Launches New "Ba-Ktana" 150ml Can Packs

Coca-Cola Israel has launched a new "Ba-Ktana" 12-pack of 150ml cans, aiming to counter parallel imports. The pricing strategy for the smaller cans is being compared to existing p…

Economy6h ago

Tel Aviv Stock Exchange Ends September With Gains Amid Mixed Sector Performance

The Tel Aviv Stock Exchange ended September with the TA-35 index up 1.58%, while the TA-90 index fell 2.73%. Insurance and tech stocks rose, while energy and real estate lagged. T…

Economy6h ago

Genesis GV60 Magma Performance EV Launched in Israel

Allon Motors has launched the Genesis GV60 Magma performance electric SUV in Israel, featuring 650 horsepower, all-wheel drive, and a price of approximately 600,000 shekels. The v…

Economy6h ago

US Bond Yields Surge to 20-Year Highs, Prompting Investment Shifts

US government bond yields have surged to nearly 5.25%, a level not seen in two decades, driven by inflation fears, high debt, and reduced foreign holdings. While global yields are…

Economy6h ago·2 outlets

Ex-SolarEdge CEO Zvi Lando Appointed Chairman of Apollo Power

Zvi Lando, former CEO of SolarEdge, has been appointed Chairman of the Board of Apollo Power, a flexible solar sheet manufacturer. Lando's extensive experience in the solar indust…

Economy7h ago·2 outlets

Eran Zahavi and Partner Secure Major Retail Deal for Mazkeret Batya Project

Former football star Eran Zahavi and his business partner Avi Arbiv have signed a major lease agreement with the "Rami Levy" retail chain for their commercial complex in Mazkeret…

Economy7h ago

Luxury Towers Nearing Completion in Tel Aviv's "State Square"

The State Square Towers project in Tel Aviv, featuring 453 luxury apartments, is set to receive occupancy permits by late 2026. The massive development faces potential market chal…

Economy7h ago·2 outlets

Skoda Octavia Hybrid Unveiled, Expected in Israel by Mid-2027

Skoda 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 pow…

Economy7h ago

Israel Considers 'Netflix Tax' on Foreign Digital Services

Israel's Ministry of Finance is proposing a "Netflix tax" to impose an 18% VAT on digital services purchased by individuals from foreign companies. This move aims to equalize tax…

Economy7h ago

Saudi Aramco CEO Warns of Dangerously Low Global Oil Reserves

Saudi Aramco CEO Amin Nasser warned that global oil reserves are "frighteningly thin" due to conflict-related supply disruptions. He stated that replenishing reserves could take u…

Economy7h ago·2 outlets

Maccabi Tel Aviv Stock Value Revealed Amid Ownership Dispute

Court 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%…

Economy7h ago

Global Markets React to Economic Shifts, Tech Giants Shine

Global bond yields surged to multi-year highs despite weak U.S. jobs data, while tech giants Nvidia and Tesla saw their stocks climb on strong performance and buyback announcement…

Economy7h ago·1 outlets

New Tool Compares Apartment Prices to Similar Real Estate Deals

Bizportal 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 th…

Economy8h ago

Tel Aviv Stock Exchange on Track for Record Year with Billions Raised

The Tel Aviv Stock Exchange is heading for a record year, with new companies raising 7.8 billion shekels in nine months. The bond market also saw significant activity, led by bank…

Economy8h ago

New Apartments in Kiryat Gat Offer Unprecedented Value

A special offer in Kiryat Gat North features five new three-room apartments for 1.69 million shekels, significantly below market rates. The deal includes a 10% down payment and th…

Economy8h ago

Taxation Hurdle Delays Tesla's Full Self-Driving Rollout in Israel

Tesla's Full Self-Driving (FSD) system faces a taxation hurdle in Israel, delaying its full rollout despite Ministry of Transportation approval for testing. The Tax Authority's st…

Economy8h ago·2 outlets

Flydubai Suspension Sparks Major Price Hikes for Flights from Israel to Asia

Flydubai's suspension of flights to Israel has caused airfares to Asian destinations to skyrocket, with some routes quadrupling in price. The airline's role as a major carrier via…

Economy8h ago

New Free Shuttle Cuts Commute Time Significantly, But Lacks Connectivity

A new free shuttle service from Rishon Lezion to Tel Aviv significantly reduced travel time by 52 minutes compared to a private car in a test by Walla News. However, the service s…

Economy9h ago

Mixed Trading on Tel Aviv Stock Exchange; Elbit Systems Soars

The Tel Aviv Stock Exchange closed mixed, with the TA-35 index rising slightly and the TA-125 index falling. Elbit Systems was a top performer, while Wishor Global Tech saw the la…

Economy9h ago

New Platform Aims to Streamline Sublet Search in Tel Aviv

Two entrepreneurs launched Roomers, a new platform using AI to simplify finding and listing short-term sublets in Tel Aviv. The site centralizes listings, offers advanced filterin…

Economy9h ago

Adit Finance to Fund 45 Homes Project in Adam Settlement

Adit Finance will provide financial backing for a new 45-home residential project in the Adam settlement in the West Bank, developed by Binyanei Bar Amna and partners. The project…

Economy9h ago

Class Action Lawsuit Filed Against Cinema Chains Over 'Misleading' Concession Stand Products

A class action lawsuit has been filed against Israeli cinema chains Yes Planet and Rav Chen, accusing them of misleading consumers about the quantity of additions included in popc…

Economy9h ago·2 outlets

Israel's Electric Vehicle Market Faces Uncertainty Over Tax Changes

Israel's electric vehicle market is facing potential supply disruptions due to uncertainty over upcoming purchase tax rates, exacerbated by the upcoming general election. Buyers m…

Economy9h ago

S&P 500 Companies Show Strong Earnings Amid Falling Multiples

S&P 500 companies have reported strong aggregate earnings in the latest reporting season, even as their valuation multiples have decreased. Analysts at Bank Hapoalim are examining…

Economy10h ago

Arab Youth Delay Marriage Due to Economic, Educational, and Social Shifts

Young Arabs are delaying marriage due to economic pressures, the need for housing and stable careers, and increased educational pursuits, particularly for women. Demographic shift…

Economy10h ago·4 outlets

Netta Lipschitz Construction Company Seeks Insolvency Protection

Israeli construction firm Netta Lipschitz is seeking insolvency protection to rehabilitate its business, citing 108 million shekels in debts exacerbated by the "Swords of Iron" wa…

Economy10h ago·2 outlets

Delek Israel Acquires Full Control of Zappa Concert Venues

Delek Israel will acquire full control of the Zappa concert venue chain for approximately 29 million shekels after receiving approval from the Competition Authority. The deal incl…

Economy10h ago

Banks Face Class Action Over Unpaid Interest, Damages Estimated at NIS 20 Billion

A judge has allowed a class-action lawsuit against four banks for allegedly withholding interest payments on customer checking accounts. The estimated damages have been raised to…

Economy10h ago

Iran Faces Severe Crisis Amid Economic Collapse and War

Iran is facing a severe economic crisis marked by a collapsing currency, over 70% inflation, and declining living standards, acknowledged by top officials including the Secretary…

Economy11h ago

Israeli Credit Card Market Heats Up With New Rewards Programs

Israeli credit card companies are competing fiercely with new flight mile and cashback reward programs. CAL, Max, and Isracard offer various cards with different accrual rates, re…

Economy11h ago

Zoghlok Company Discontinues "Madame Perez" Brand After Three Years

Zoghlok is discontinuing its "Madame Perez" ready-to-eat meal brand after three years, planning to launch a new brand in the same category. The move follows the company's acquisit…

Economy11h ago·4 outlets

Israeli Tech Salaries Dip But Remain Double National Average

Average salaries in Israel's high-tech sector dropped by 6.2% in July, with annual growth slowing significantly. Despite this, tech salaries remain nearly 2.4 times the national a…

Economy11h ago

Israeli Garden Apartments Market Shrinks 39% in Two Years, Prices Rise

The market for garden apartments in Israel saw a 39% drop in transactions between early 2024 and early 2026, while prices increased by 11.6%. Sales of apartments in new, unfinishe…

Economy11h ago

NextStage Therapeutics Acquires Lipocure and Eynat Pharma, Bolstering Pipeline

NextStage Therapeutics is acquiring Lipocure and Eynat Pharma to expand its drug pipeline, gaining an FDA-approved drug, a pain relief candidate nearing Phase 2 trials, and liposo…

Economy11h ago

Aura Real Estate Sees Sales Surge Following 'Hever' Club Promotion

Aura Real Estate experienced a significant sales boost from a five-day promotion with the 'Hever' Club, resulting in 385 apartment sales or purchase requests. The company sold 722…

Economy11h ago

Israel Competition Authority Approves Dalia Israel's Acquisition of Zappa

Israel's Competition Authority approved Dalia Israel's acquisition of a majority stake in Zappa, increasing its ownership to 81%. This move is part of Dalia Israel's strategy to e…

Economy11h ago

Flydubai Incident Boosts Israir's Strategy for Israeli Travelers

Following a Flydubai flight incident and route suspension, Israir CEO Uri Sircus sees an opportunity to attract Israeli travelers by emphasizing reliability and security. The airl…

Economy11h ago

Iran Faces Severe Crisis, Top Security Official Admits

Iran's top security official, Mohsen Rezaei, has admitted the country is facing severe economic hardship, coinciding with a sharp decline in the national currency and rising infla…

Economy11h ago

Israeli Shekel Strengthens Against Dollar and Euro

On October 5, 2026, the Bank of Israel announced that the Israeli shekel strengthened against both the U.S. dollar and the Euro. The dollar decreased by 0.033% to 3.059 shekels, a…