Economy

The National Public Transportation Authority disqualified Egged from the 5.5 to 7.5 billion shekel Hasmonean cluster tender, citing strict statutory market limits and vehicle-kilometer caps.

Israeli cosmetics firm Paloma Dead Sea has applied for a debt settlement of 16 million NIS amid cash-flow issues caused by the pandemic, war, and export challenges.

The U.S. Department of Justice seeks to forfeit $84.2 million from accounts linked to payment processor Capstone, threatening digital bank EQIBank with potential liquidation as frozen funds impact its asset reserves.

Owen Akiva Herrera turned a free New York running club into a $640,000 business by monetizing post-run parties and community events, tapping into booming Gen Z fitness trends.

A real estate entrepreneur sued non-bank credit company A.R.A.B. Bonus at the Tel Aviv District Court, claiming an 11.6 million NIS loan ballooned to nearly 60 million NIS.

Davidovitch Shawarma in Givatayim has permanently closed its doors without prior notice, leaving local fans and social media communities searching for answers regarding the sudden shutdown.

Israeli electric scooter brand INOKIM is expanding into 200 Electra Consumer Products branches, a deal valued at tens of millions of shekels.

McDonald's unveiled an 8.5 billion dollar modernization plan incorporating AI systems and protein-rich menus, sending shares down 5% amid Wall Street cost concerns.

Ashot Industries faces legal hurdles in Georgia regarding land acquired for a new U.S. manufacturing plant, as existing tenant PSI challenges lease terms and debt repayment.

Veteran Dan transport members have until October 8 to decide on selling their stakes in a 2.8 billion shekel buyout, balancing immediate payouts against complex tax rules and future corporate growth.

State-owned missile engine manufacturer Tomer plans to raise up to 500 million shekels via institutional bonds to expand production lines amid surging global and domestic defense demand.

Israel's Ministry of Economy is advancing a broad regulatory exemption for Chevron's Leviathan and Tamar gas platforms, sparking fierce pushback from environmental groups warning of compromised safety standards.

An analysis of M&A deal structures examines whether cash, stock, or hybrid consideration is optimal, highlighting major tech acquisitions and market cyclicality.

Kanyon Raananim in Ra'anana is investing NIS 12 million to build a 10-screen Movieland cinema complex alongside a massive 12-court rooftop padel facility as part of an urban renewal project.

Gary Lineker's podcast company Goalhanger achieved £38 million in revenue and £10 million in profit for 2025, cementing his financial success after leaving the BBC.

Nike has dropped from the S&P 100 index after 18 years amid falling sales, increased production costs, and high-profile athlete departures like Kylian Mbappe.

David Beckham secured a $51 million dividend following a record-breaking year for his business empire, driven by major World Cup 2026 advertising campaigns and partnerships.

NewMed and Ratio Energies canceled a massive $6.7 billion gas supply deal with Dalia power stations due to expected antitrust hurdles, while Dalia strongly rejects the cancellation.

Silicon Valley venture capital firm Lightspeed has launched a dedicated $250 million fund, 'Lightspeed India V', to aggressively target early-stage artificial intelligence startups in India and Southeast Asia.

Family First CEO Jane Smith resigned days after posting an AI-generated family photo referencing the renaming of Lake Ontario to Lake America amid trade tensions.

Fox-Wiesel CEO Harel Wiesel revealed in a recent podcast interview that his best business decision was bringing global fashion brands to Israel in 2012, while admitting he refuses to spend money on designer clothes.

Migdal Insurance has dropped below a 5% stake in «Shufersal» after selling shares worth 125 million shekels. The move follows weak financial results and a 12% drop in the supermarket chain's stock over the past month.

Luxury fashion chain EMANUEL is closing two iconic branches at the Schuster Center and Renanim Mall after decades, turning the final days into a massive clearance outlet.

Ormat Technologies secured up to $35 million in funding from the U.S. Department of Energy to advance geothermal projects in Nevada and Utah, despite recent downward pressure on its stock.

Senior banking executives in Israel are increasingly leaving traditional financial institutions for lucrative positions in the non-bank sector, driven largely by executive pay caps and abundant market opportunities.

Turbogen reported its H1 2026 financial results, showing a narrowed net loss of $4.2 million alongside preparations for a Nasdaq listing and increased R&D investments.

Amazon plans to invest 3 billion dollars by 2030 to expand its quick commerce operations in India, targeting a market expected to exceed 41 billion dollars despite strong local competition.

Israeli retail chain Dynamica has appointed Yaron Kadosh as Deputy CEO. Kadosh, a veteran manager who joined the company in 2010, previously served as VP of Sales.

Melisron CEO Ofir Sarid is stepping down from his role on September 24, 2026, for medical reasons. CFO Oren Heilinger will serve as interim CEO during the search.

Phoenix Gamma raised approximately 500 million shekels in an institutional commercial paper tender, drawing strong demand of 963 million shekels from investors.

American burger chain Shake Shack will open its seventh Israeli branch in Kfar Saba this October, featuring local art and aiming for 15 locations nationwide by 2033.

Israel's influencer marketing industry generates up to 500 million shekels annually, driven by strategic content creation, e-commerce integration, and shifting platform dynamics.

Similarweb appoints Michael Ackerman as its new CEO, succeeding co-founder Or Offer. Ackerman brings extensive data and tech industry experience to the New York-based role.

Israeli medical aesthetics company Sofwave received approval from China's NMPA to market its flagship skin-rejuvenation device, targeting a massive non-invasive procedures market.

Coffee giant Starbucks announced plans to close about 250 North American branches as part of a $300 million restructuring plan led by CEO Brian Niccol to stabilize profitability.

Tomer Mezon faces severe financial restatements wiping out its 2025 net profit following inventory inflation findings. Founder Doron Kimlav is being removed as chairman while trading remains suspended.

Zim workers' committee chairman Oren Caspi urged Israeli ministers to block the $4.2 billion sale of Zim to Hapag-Lloyd, citing severe risks to national security, operational continuity, and the company's independence.

Discount Capital is selling its stake in non-bank lender Melaran to controlling shareholder Moand Rian for 27 million NIS, taking a 6 million NIS loss.

Israeli fashion brand De Rococo achieved a record 1.5 million shekels in sales over three pop-up days, drawing massive crowds and prompting an extension.

A first derivative lawsuit targets Discount Bank over the collapsed sale of CAL, as shareholders demand document disclosure following erroneous data submitted to the Competition Authority.