Economy

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

Africa Israel Residences is reorganizing its business by spinning off 1.1 billion shekels in income-producing assets into a new sister company, aiming to unlock value.

Israeli renewable energy firm Solair has signed an MOU to acquire up to 70% of a 200 MW solar and 550 MWh storage portfolio in Australia, with an estimated EV of 780 million Australian dollars.

Meitav Trade reported a data breach exposing personal details of 3,000 customers following an external API exploit by a third-party vendor. Funds and trading systems remained secure.

Sela Near Real Estate has approved a 100 million shekel share buyback program following a 30% drop in stock price this year, as Chairman Shmuel Slavin expresses strong confidence in the Israeli economy.

Terminal X, part of the Fox Group, has acquired a controlling stake in the fashion brand Sde Bar in a multi-million shekel deal, following a year of negotiations with founders Adi Cohen and Ariela Avitan.

Hundreds of patients filed lawsuits against GLP-1 drug makers Novo Nordisk and Eli Lilly, alleging sudden vision loss linked to medications like Ozempic and Mounjaro.

Electra Real Estate is taking 20 analysts to Florida to reassure investors after its stock plummeted 75% in four months to a 1.06 billion shekel valuation amid rising US yields.

Real estate firm Yellowstone, founded by Yakir Gabay, is raising $400 million in a pre-IPO private equity round to finance US acquisitions and Manhattan conversions.

NICE shares have surged 40% since June amid reports of a potential $2 billion sale of its Actimize financial crime unit to Brookfield. Analysts view the divestment as a strategic pivot toward AI, despite a lower-than-expected valuation.

Founders Adi Cohen and Ariela Avitan turned a homemade ulpana skirt project into Sde Bar, a multimillion-shekel modest fashion brand recently acquired by Fox Group's Terminal X.

Israir flight IS723 to Budapest returned to Ben Gurion Airport due to a suspected technical malfunction, landing safely while passengers were transferred to a replacement plane.

Israel's Ministry of Finance officially recommends rejecting the $4.2 billion acquisition of ZIM by Germany's Hapag-Lloyd, citing national security risks, Qatari ownership ties, and fleet vulnerability.

Meta has established a new enterprise AI division, hiring MongoDB CEO C.J. Desai to lead the initiative. The unexpected departure caused MongoDB shares to plummet by over 15%.

DJI has launched its first flagship store in Eilat at the Seven Stars complex, offering tax-free purchases for residents and visitors on drones, cameras, and gear.

Ofir Sarid, former CEO of Israeli real estate giant Melisron, has passed away at 54 after a severe illness. During his tenure, he successfully steered the company through the COVID-19 pandemic and expanded into residential real estate.

Erisel Electronics secured a 5.9 million NIS order from the US Air Force to supply temperature controllers for T-38 trainer aircraft engines by the end of 2026.

Vitania's planned acquisition of Benny Landa's stake in a Ness Ziona project faces a negative credit rating review by Midroog due to mounting debt and tax liabilities, despite securing a major lease agreement with Elbit Systems.

Israeli fintech firm Bluevine is being acquired by Valley National Bancorp for approximately $340 million, boosting the U.S. bank's digital capabilities and small business footprint.

Valley National Bancorp has agreed to acquire Israeli-founded fintech platform Bluevine for approximately $340 million, boosting its digital small business banking and AI capabilities.

Nvidia has expanded its share repurchase program by 150 billion dollars, bringing its total remaining buyback authorization to 235 billion dollars through fiscal year 2028.

Kanyon HaZahav in Rishon LeZion has opened its new 12,000-sqm Platinum Floor for 100 million shekels, making it Israel's largest mall at 122,000 square meters following full acquisition by Migdal.

Eli Lilly dominates the booming weight-loss drug market, capturing 60% of the U.S. market share and outperforming rival Novo Nordisk with surging quarterly revenues.

The Central District Court in Lod granted a 45-day stay of proceedings for luxury car agency Buy & Drive amid a 97 million shekel debt crisis, aiming to salvage a real estate sale in Netanya.

HighTechZone, Israel's leading high-tech consumer club, has expanded rapidly through strategic acquisitions and retail ventures, helping hundreds of thousands of members navigate the high cost of living.

The ETGA group announced the appointment of Yinon Maroz as CEO of its non-banking finance arm, Tuam Mimun, following strong financial growth in the first half of 2026.

Surging fuel prices following the war in Iran are squeezing small businesses and bakeries across France, forcing owners to absorb heavy energy costs while maintaining consumer prices.

Implementation of the OECD's Pillar Two global minimum tax in Israel stalls in the Knesset Finance Committee amid political disputes, threatening high-tech investments and regulatory certainty.

Actor Yehuda Levi and Israeli business figures have launched RAVEN, a digital security company partnering with PenLink to protect traveling Israelis and Jews from rising antisemitic threats worldwide.

Stark Power has secured an $85 million credit facility from Bank Hapoalim to finance energy and data center projects in the United States.

A Tel Aviv court dismissed multi-million shekel class-action lawsuits filed against a tool distributor, ruling they were a weaponized commercial attack orchestrated by a bitter business rival.

Prashkovsky Holdings shareholders approved a three-year compensation package for executives Yossi and Sharon Prashkovsky, setting their monthly gross salary at ₪162,000 alongside performance bonuses.

Elitzur Avrahami manages a leading 100-dunam etrog farm in Israel, producing 100,000 flawless fruits annually with rigorous manual labor, yielding specimens weighing up to 4.1 kilograms.

Nofar Energy has put its historic core solar rooftop and storage operations in Israel up for sale for 600 million NIS, seeking to cut leverage and boost cash reserves.

Economy Minister Nir Barkat shifted his stance to support Hapag-Lloyd and FIMI's $4.2 billion acquisition of ZIM, following revised terms and security assurances.

Scoops chairman Shmuel Shila becomes a paper billionaire as surging share prices lift his holdings past 1.5 billion shekels, driven by strong global performance and American acquisitions.

Maman Cargo Terminals acquired the remaining minority shares in Laufer Aviation-GHI for up to 22 million NIS, consolidating full ownership of the aviation services provider.

Rami Levy Stock plans to expand to four branches by year-end, scaling up non-food retail. CEO Yafit Attias Levy highlights the strategy to bypass supermarket space constraints.

California's oldest family winery, Gundlach Bundschu, has filed for Chapter 11 bankruptcy with nearly $40 million in debt, citing post-pandemic industry struggles.

The Tel Aviv District Court rejected a class action against Luzon Group over its 2022 Tarya merger valuation, ruling the claim must proceed as a derivative suit.