Economy

Ariel Palzig owes 24 million shekels to Meitav Mimun. He pledged the complex he owns on Mount Zion, which includes a commercial wing and a residential wing, as collateral. The Supreme Court rules: he must vacate the entire complex for its realization.

Tens of thousands of job vacancies remain unfilled, factories are left without labor, and bureaucracy is stalling the economy. Despite record demand following the war, foreign worker quotas cover only a fraction of the need, while Israelis remain unwilling to take on production line roles.

G City reached 91% in the tender offer for Citycon shares. The company intends to initiate a squeeze-out of remaining shares and delist Citycon from the Helsinki Stock Exchange. Chaim Katzman announced plans to sell non-core assets and continue deleveraging.

While the economy operated as usual in August, high-tech companies and leading organizations in Israel decided to step up and offer particularly creative solutions to deal with the gaps in children's vacation schedules.

The second-quarter financial reports of the Luzon Group reveal phenomenal growth and a significant increase in net profit, driven by a strategic move within the company's energy division.

Shein has completed its initial public offering on the Hong Kong Stock Exchange at a valuation of approximately $26 billion, after raising $1.7 billion. This is significantly lower than the 2022 valuation.

Ahead of the new school year, family grocery expenses tend to rise. We analyzed the cost of a basket of essential school lunch items across various supermarket chains to determine where shoppers can save the most.

Maof Group is acquiring a 50% stake in home medical services provider Sharan at a valuation of 110 million shekels. This deal marks Maof's entry into the healthcare market.

The new backpack is waiting by the door, but before the child enters school for the first time, parents face a significant shopping list. A backpack, pencil case, notebooks, writing utensils, and textbooks add up to a substantial amount. How much does it really cost to prepare a child for first grade?

Ayalon insurance refused to compensate a Sderot resident for a car accident, citing a suspended license. The court ruled against the company, noting that the suspension notice was sent to his home while he was displaced following the October 7 massacre.

A woman claimed she was a victim of scammers who convinced her to transfer money to them. The court agreed that a fraud had taken place, but ruled that it was not proven that the actual buyers were part of it.

Startup Entitle sold its intellectual property to its parent company BeyondTrust for 124 million shekels. The company is expected to pay approximately 29 million shekels in taxes on the transfer.

534 new deals were closed in the first half of 2026, surpassing the total for 2025. The region is shifting from a model of villas to high-density projects, driven by government policies aimed at transforming the area.

After nearly 25 years, the beloved meat institution on Yefet Street is closing its doors for the last time today. The owners shared an emotional farewell, citing a severe labor shortage, declining revenue, and accumulated fatigue as the primary reasons.

Following the success of their joint delicatessen, media personality Corinne Gideon and her husband Hili Sorotskin are entering a new field, launching a lab-grown diamond jewelry brand.

The military simulation systems company controlled by the Mizrahi family concluded the first half of the year with a sharp jump in profits and cash flow, but is currently trading at a valuation of about 2.6 billion shekels, lower than the valuation at the IPO just a few months ago.

A massive US government contract has turned into a legal battle between two leading blockchain analysis firms. US Immigration and Customs Enforcement (ICE) faces allegations of awarding the contract without a fair tender process.

No Bull Mattress has filed for creditor protection due to a sharp drop in revenue, inflation, and competition from online brands. An analysis of the debts and market figures behind the industry crisis.

An additional 370 dunams have been declared state land, bringing the total area allocated for the city of Mishmar Yehuda to 3,750 dunams. Minister Bezalel Smotrich stated that the move will provide a solution to the housing crisis for tens of thousands of young couples.

The Canyon HaZahav mall in Rishon LeZion is launching a new 12,000-square-meter floor, as the Fox Group significantly expands its presence and introduces new brands to the complex.

Ahead of the Tishrei holidays, the National Insurance Institute is preparing to transfer monthly child allowances. Funds will be deposited into Israeli family accounts on September 20, 2026.

SAP has appointed Michal Romi as the new CEO of SAP Labs Israel. She will take office on September 1, succeeding Orna Kleinmann, who is moving to a senior global leadership role within the company.

Hagag Europe is entering the server farm development sector. The land acquisition deal in Romania is valued at up to 67.5 million euros.

After three and a half years as a senior advisor to the CEO of the Israel Public Broadcasting Corporation, Orly Cohen returns to Reshet 13 to strengthen the channel's strategic management.

Israel Railways concludes the second quarter of 2026 with a 9% revenue increase to 984.6 million shekels, while net profit dropped by 68% to 18.6 million shekels due to rising operational costs.

Direct Insurance CEO Kobi Haber has informed the board of his intention to resign in the coming months. During his eight-year tenure, he led a strategic shift toward portfolio optimization and expansion into health and long-term savings.

The Government Authority for Urban Renewal has allocated 100 million shekels to subsidize reconstruction projects in Dimona and Arad. The funding aims to ensure the economic viability of building 760 new apartments to replace 253 units damaged by missile strikes.

Alltrade Recycling summarizes a dream half-year as a public company with a massive jump in net profit and over 120 million shekels in the coffers, which will be used to establish new production lines and factories.

The founder of Mellanox warns of the consequences of the current government's policies and reveals: "If the government is not replaced, I will regret leaving the company in the country."

After eight years of successful leadership and record financial performance, Bituach Yashir CEO Kobi Haver has announced his intention to step down in the coming months.

While Keshet 12 continues to dominate unchallenged, Reshet 13 faces a drop in performance. The channel's flagship program, The Voice, fell to third place in the daily ratings with 8.8% and 237,000 viewers.

The "Maafe Neeman" chain has inaugurated its 69th branch nationwide, backed by an investment of over 2 million shekels. The CEO promises a new culinary experience and special promotions throughout the coming month.

The well-known chef and pastry chef filed a lawsuit for hundreds of thousands of shekels against the patisserie bearing his name, following the company's refusal to fund a particularly prestigious benefit promised to him in his personal contract.

The well-known retail chain is offering a children's trampoline for only 119.90 shekels for credit card holders. In addition, just a few hours earlier, the chain also launched home storage and organization solutions starting from 50 shekels.

Maron Greenberg, a shareholder of Ram-On Investments, has defined Eldav's entry into the board as a destabilization attempt. The parties are in dispute over the company's development strategy and methods for unlocking value.

Orna Zamir, wife of Lt. Gen. Eyal Zamir, serves as an independent director at the food company Tomer Mazon, while the IDF is one of the company's largest clients. Trading in the stock was halted earlier this month due to accounting irregularities. The IDF Spokesperson's Unit stated that the Chief of Staff has no involvement in the company's affairs.

Bituach Yashir CEO Kobi Haber has notified the company's board of directors of his intention to step down in the coming months. Bituach Yashir is Israel's largest company in the field of motor property insurance.

15-year-old Michal works as a babysitter to buy herself shoes, while her mother is forced to forgo school equipment and clothes. Data from the Latet organization reveals: 63.2% of children in supported families lack basic school supplies, and two out of every five are forced to work due to the financial distress at home.

Hundreds of coins that have remained untouched since Bitcoin traded for just a few dollars have changed addresses in recent weeks. While some have yielded returns exceeding a million percent, experts caution against assuming a mass sell-off amidst current market volatility.

Or Poriya, Chairman of Poriya Finance, points to the combination of geopolitical tension, pressure in the bond market, and expected interest rate decisions, warning: despite optimism in the AI sector, market volatility is expected to rise sharply.