Economy

VR Capital Group and Richard Deitz filed an urgent Tel Aviv court motion to block new ownership maneuvers by the Recanati family and Shimon Mizrahi regarding Maccabi Tel Aviv shares.

Fidelity Investments is selling most of its stake in Israeli drone camera maker Next Vision for about 1.3 billion shekels, ending its status as a major shareholder.

HOT Group has completed the sale of Hot Mobile to Delek Israel, Keystone, and Leumi Partners for 1.218 billion shekels, valuing the company at 1.88 billion shekels.

Jerusalem-based construction firm Neta Lipshitz has filed for economic rehabilitation and a temporary trustee after accumulating over 60 million NIS in debts, citing severe impacts from the Iron Swords war.

Veteran Jerusalem construction firm Neta Lipshitz has filed for financial restructuring and a temporary trustee amid debts exceeding 60 million shekels, citing severe fallout from the Iron Swords war.

Adv. Sarah Kandler has been appointed as the new Director General of the Israel Securities Authority, succeeding outgoing chief Oded Shapiro.

Gilat Satellite Networks' Peruvian subsidiary has secured a $28 million contract with PRONATEL to upgrade broadband infrastructure across the Ica region.

The Israel Competition Authority approved Delek Israel's acquisition of Eventim's stake in the Zappa entertainment group in a two-stage 29 million NIS deal.

Green Lantern fund is acquiring a 30%-35% stake in the Kiso restaurant group for 350-370 million NIS, replacing a planned IPO on the Tel Aviv Stock Exchange.

Israeli renewable energy firm Doral is investing nearly $1 billion to expand the Mammoth solar project in Indiana, aiming for a record 2.9 gigawatts capacity by 2029.

Tomer Scheller, 35, has been appointed Chief Operating Officer of Beit LeMedia Anoshit, joining from Gitam to manage the SHARE and IDOLS subsidiaries alongside CEO Matan Ahavati.

Mali Leviev Binyamini has been appointed CEO of Sigma Portfolio Management, an investment house managing over 20 billion shekels. She will lead the company's business strategy and client expansion.

The National Public Transportation Authority will publish a tender for the Hasmonean bus cluster, splitting it from Ramla-Lod. Egged is barred from participating due to monopoly limits.

American fashion retailer Cato announced it will close about 120 stores during fiscal year 2026 amid persistent inflation and high interest rates.

Phoenix American Hospitality, manager of Hilton and Marriott-branded hotels, filed for bankruptcy in Texas following an SEC fraud settlement over an $86 million scheme.

Apple's new CEO John Ternus is dedicating significant time to the company's design studio, contrasting sharply with his predecessor Tim Cook's management style.

British fintech giant Revolut is accelerating its entry into Israel by hiring for core banking roles like credit and compliance, aiming to challenge the local banking sector.

Kosher hamburger chain Mi Ma Mo invests 8 million shekels to expand to 12 branches across Israel by early 2027, adding new locations in Haifa, Jerusalem, and other cities.

Phoenix W partners with Bernstein Private Wealth Management to bring global investment platforms and advanced wealth advisory services to affluent clients in Israel.

The SPACE fitness group is investing 7 million shekels to open its 40th branch in Ness Ziona. Spanning 1,200 square meters at the Kanyoter mall, the club is part of an aggressive nationwide expansion strategy.

Former SolarEdge CEO Zvi Lando has been appointed chairman of the board of flexible solar film maker Apollo Power, replacing Yom Tov Samia.

Doral Energy received permits for the second phase of its Indiana solar project, expanding total capacity to 2.7 gigawatts by 2029 with an estimated investment of up to 3 billion shekels.

Ithaca Energy, controlled by Israel's Delek Group, signed a definitive agreement to acquire Eni's UK oil and gas assets for $938 million. The merger will boost production past 100,000 barrels per day.

Mike Ettling, Chairman of Sapiens and Advent partner, details the $2.5 billion software company's aggressive restructuring, leadership overhaul, and integration of AI in an exclusive interview.

Former Doral CEO Yaki Neumann has launched FinErgia, a renewable energy venture backed by Sphera hedge fund partners, targeting a half-billion-shekel fundraising round and European solar acquisitions.

Israir launches a new direct route to New York with a $1 million campaign, expanding its long-haul operations following the $85 million acquisition of Airbus A330 wide-body aircraft.

Foreign real estate firms issuing bonds in Tel Aviv face major turbulence as Cohan Properties shifts ownership to creditor Netanel Lorenzi amid fund misuse, while Aya New York moves to refinance.

Flydubai suspended flights to Israel after an Omani pilot security incident, highlighting potential vulnerabilities in the fast-growing airline's risk management and vetting processes.

Luxury car trader Buy & Drive has applied for a stay of proceedings over debts of 97 million shekels, highlighting the severe toll of high interest rates and the war on Israel's automotive sector.

The Phoenix insurance company has officially become a substantial shareholder in the Avisror real estate firm after investing 160 million NIS for a 6.24% stake following the company's recent public offering.

United Airlines is introducing Base, Standard, and Flexible fare tiers to domestic first class and regional business class, mirroring its unbundling strategy from economy to maximize revenue.

The Ministry of Energy opposes the Concentration Committee and supports allowing Shapir Engineering to acquire controlling stakes in the Ashdod Oil Refinery to ensure energy security and effective management.

Israir plans a 10 million dollar expansion of its BIRD Aviation maintenance center in Cyprus and advances New York flight sales, following a recent 13 percent stock surge.

Skydance and Warner Bros. Discovery are merging into a $110 billion entertainment giant named Skydance Corporation, led by David Ellison and Israeli co-CEO Ynon Kreiz.

A Rehovot court ordered Benefit to pay Victory 1.74 million NIS in a legal dispute, exposing massive supplier investments in retail store promotions and shelf-space dominance.

Marimon Natural Gas North connected the Western Galilee Hospital to the natural gas grid, becoming the sixth government hospital in Israel to transition and save costs.

Fresh Start, a Kiryat Shmona food-tech incubator backed by Tnuva, Tempo, and the Innovation Authority, returns to full operations in the north, managing 18 investments totaling $35 million.

Candace Owens faces severe economic backlash and advertiser boycotts after publicly mocking Erika Kirk, the widow of conservative activist Charlie Kirk, following a Vanity Fair profile.

Medical device startup Filterlex Medical has filed for liquidation at the Haifa District Court after clinical trials on a competitor's product questioned market viability, leaving 1.3 million shekels in debt.

The Tel Aviv District Court appointed a temporary trustee for OpenWeb after liabilities hit 177.5 million shekels. The tech firm faced collapsing revenues, a dispute with Microsoft, and a failed debt arrangement.