Economy

Newpan celebrates 40 years in the Israeli appliance market, securing the major Samsung franchise in 2025 and navigating rising industry competition, parallel imports, and shifting retail dynamics.

Fintech firm Nayax defends its strategic investments and long-term growth trajectory after a stock correction, following the acquisition of U.S.-based IPS.

A scathing new audit report reveals severe governance failures, conflicts of interest, and gatekeeper weaknesses at Knat, Israel's state-owned agricultural insurance monopoly.

BMW plans to cut management roles and divisions by 20% and leverage artificial intelligence to reduce costs amid intensifying global automotive market pressures.

A creditor has seized control of American real estate firm Cohan Properties after its CEO misused millions in company funds. The takeover follows failed bond issues and regulatory scrutiny.

Outgoing Mattel CEO Ynon Kreiz is expected to take on a senior executive role at the newly merged Paramount and Warner Bros. Discovery entertainment giant.

Cohan Properties faces a severe control crisis after its controlling shareholder pledged all shares for personal debt, prompting a takeover by Decama Finance. The company raised 412 million shekels in Tel Aviv.

Wall Street creditors, including Apollo and Oaktree, have sued billionaire Patrick Drahi over debt restructuring at Optimum Communications, escalating a major financial battle.

Cellcom becomes one of the first Israeli companies to advertise on ChatGPT, coinciding with record financial results that saw Q2 2026 net profit surge 44% to 92 million NIS.

Mattel announced that long-time CEO Ynon Kreiz will step down on October 2, with board member Roger Lynch taking over as chairman and CEO.

Idan Ofer's Kenon Holdings is investing $450 million for a 25% stake in US infrastructure firm Vicinity, valuing the company at an enterprise value of $2.92 billion.

Delhoom Motors has appointed industry veteran Avi Tzur as Chairman to support its rapid expansion in Israel's automotive market across private and commercial sectors.

Data center giant Nebius is evaluating a $100M-$150M acquisition of an Israeli tech firm as it expands its local development center and Modiin supercloud infrastructure.

Afcon Holdings is targeting a 1 billion shekel valuation for the upcoming IPO of its renewable energy division, which includes a 770-megawatt pipeline and EV charging operations.

Israeli defense firm Smart Shooter secured a $150 million sole-source contract from the U.S. military for its SMASH counter-drone systems, boosting its shares by 20%.

Doral's NIS 850 million Hadari Shaan solar project in Emek HaMaayanot has been successfully electrified, promising 722 MW capacity and NIS 150 million in annual revenues.

Yohananof supermarket chain is restructuring its real estate by transferring 14 properties valued at 1.1 billion shekels to a wholly-owned subsidiary, paving the way for potential future public offerings.

Elon Musk and Tesla secured $30 billion in new credit facilities to fund a massive R&D surge in AI, robotics, and energy, boosting 2026 investments to $25 billion.

Flydubai maintains ten daily flights between Dubai and Tel Aviv, remaining a key aviation link for Israel despite regional conflicts and European flight suspensions.

Alfred Akirov announced a NIS 788 million buyout offer to delist Alrov Real Estate from the stock exchange, offering a 21.6% premium to acquire full control.

OpenAI is reportedly discussing a funding round to raise up to $30 billion, aiming for a $1.4 trillion valuation as annual revenue surpasses $40 billion.

The Second Authority ruled that Channel 14's 2025 revenues surpassed 80 million NIS, revoking its minor license. The channel now faces strict regulatory requirements, including Arabic broadcasts and original production investments.

Israeli hair care brand OLIÈRE PARIS has expanded into over 100 Hairhouse stores across Australia, projecting millions in annual sales despite high initial logistics costs.

Veteran international investor Stella Cohen is launching a new private equity fund in Israel, having raised $120 million from US investors to target large local firms in business services, financial sectors, and defense.

The delivery platform Haat is expanding into the retail market, with Paz Group's yellow stores and supermarkets expected to join the app. This strategic move follows Haat's recent 60 million NIS fundraising round.

McDonald's is deploying artificial intelligence tools to determine menu pricing across U.S. locations, sparking debate over price gaps between neighboring branches and growing regulatory scrutiny.

A Village Inn franchise in Florida filed for Chapter 11 bankruptcy with over $500,000 in debt, citing hurricane impacts, declining sales, and rising costs.

Nathan Rosenberg, father of El Al controlling shareholder Kenny Rosenberg, has passed away in New York. The family is prominent in US Jewish and business circles.

Walt Disney Company is laying off about 300 employees, mainly in human resources and technology, marking the third workforce reduction wave since Josh D’Amaro became CEO in March.

KFC presents a strategic turnaround plan featuring smaller branches, delivery focus, and local franchisees following the closure of some 300 locations.

Israel's Electricity Authority and the Prime Minister's AI Directorate are introducing strict criteria for data center grid connections, including heavy financial guarantees and mandatory vetting to curb speculative demand.

Israeli biotech firm Matricelf presented its spinal cord repair technology at the U.S. Defense TechConnect conference, aiming to forge strategic partnerships with American defense and medical entities.

Fintech unicorn Capitolis has acquired American securities lending firm eSecLending for $200 million in cash. The deal adds 120 employees and expands Capitolis' global financial platform.

Israeli fintech company Nayax partnered with Santander's Getnet to expand integrated payment solutions across Europe and Latin America, starting in Chile.

Boeing faces a major setback as the FAA halts 737 MAX 10 certification due to a new software glitch, causing a 6.8% stock drop and delaying key deliveries.

Margarita Alter, former partner of fugitive entrepreneur Eli Reifman, testified in court after returning from Thailand, detailing threats and fallout from Reifman's estimated 200 million NIS debts.

Tiv Taam chain raised approximately 102,000 shekels across 48 branches for the Loewenstein Rehabilitation Medical Center to support wounded soldiers and patients.

Phoenix Brokers is expanding its AI investments by launching a dedicated innovation arm and acquiring the AdvisorOS platform, appointing founder Adi Lev as Head of AI.

Amos Luzon increased his stake in Luzon Group to 57.61% following a series of stock purchases. Shareholders will vote next month on a proposed 38% increase in his monthly management fees.

Brazilian football faces severe economic turmoil after President Lula da Silva banned betting companies, threatening major clubs like Flamengo with bankruptcy and halting sponsorships.