Economy

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.

Delek Israel and Eventim have signed an agreement transferring full ownership of the Zappa club chain to Delek in a two-phase deal worth 29 million NIS, resolving a bitter legal dispute.

VR Capital Group, holding a 17.5% stake in Maccabi Tel Aviv, filed a $2.55 million lawsuit against ENDVR MTA and Guy Harel, alleging breach of contract and negligence over share transfers.

FIMI investment fund, led by Ishay Davidi, acquired a 55% controlling stake in MMD SMART for $55 million. The global cloud communications firm generates about NIS 500 million annually.

NewMed Energy has partnered with GeoIntelX to integrate AI-powered geospatial analytics, accelerating natural gas exploration and subsurface data processing.

The NIS 4 billion deal to sell credit card company CAL has collapsed due to regulatory hurdles, pushing Discount Bank to reopen talks with tycoon Moti Ben-Moshe.

Shikun & Binui CEO Amit Birman discusses the strategic sale of its energy arm for 4.45 billion NIS, the company's shift to contracting, and its financial turnaround.

Entrepreneur Eti Kubo, wife of high-tech investor Oded Kubo, builds a successful fashion and jewelry empire with brands Coto and Coconut Love, generating hundreds of thousands in monthly turnover.

Eran Zahavi and Ben Zini are competing in Israel's booming padel market with opposing strategies. While Zini invests 3 million shekels in a compact Glilot complex, Zahavi commits 12 million shekels to a Ra'anana project and national league.

The Israel Tax Authority demands the return of 238.4 million NIS in war compensation advances from thousands of northern businesses, while many owners report severe bureaucratic delays and ongoing financial distress.

Israel's Securities Authority forced Next Gen to disclose CFO Dan Hillerovitz's resignation reasons after he accused management of withholding critical financial data.

Israel's fiber optic infrastructure provider IBC has undergone a remarkable turnaround, expanding its network to 2.6 million households and approaching one million active subscribers under CEO Yossi Haber.

El Al has extended its frequent flyer diamond program until February 2027, amid stellar financial results showing soaring revenues and net profits for the loyalty club.

Medtronic Ventor paid 450 million shekels to the Israeli Tax Authority following a tax dispute over intellectual property transfers, with 360 million remaining in dispute.

A major merger in Israel's post-production sector unites Gravity and Shortcut Playground, while corporate updates feature new appointments at CEVA and Shibolet.

Israeli billionaire Alon Gonen revealed on Instagram how selling his TeleSign shares early cost him 25 million dollars, advising young entrepreneurs to practice patience.

Al-Nassr winger Sadio Mane has laid the cornerstone for an 18-million-euro agro-industrial mango processing project in his home village of Bambali, Senegal.

Electra has secured a 200 million shekel contract to build and operate a pneumatic waste collection system in Rehovot, bringing its total portfolio in this sector to 1.3 billion shekels.

The Masad Oz Group and America Israel signed a full merger agreement, creating a real estate giant managing projects worth 50 billion shekels with plans for an IPO.

Ondas has acquired three defense technology companies for $56 million, plus up to $32 million in milestone payments, bolstering its autonomous systems and defense portfolio.

NTA presented the NIS 35 billion Tel Aviv Metro project at the InnoTrans exhibition in Berlin, drawing global interest from over 250 companies for the massive transit initiative.

Apple has permanently removed the famous 3D augmented reality model of Apple Park from its Cupertino visitor center, replacing it with new retail display tables and shelving after a recent summer renovation.

Canadian investment giant Brookfield is reportedly in talks to acquire NICE's Actimize division for about $2 billion, sending NICE shares higher.

Partner Communications announces an early redemption of Series Z bonds worth NIS 344 million to pave the way for a controversial NIS 500 million special dividend.

Maytronics recalled its new Nia pool cleaner due to short-circuit risks, causing its stock to crash and wiping out one billion shekels in value for Kibbutz Yizrael amid an ongoing financial crisis.

Doral and Ampa project $150 million in annual revenue from their Har Tov data center, exempt from the recent Electricity Authority freeze.

Former football star Eran Zahavi is now Israel's highest-earning player with a 250 million shekel fortune, recently investing in a massive padel club and luxury real estate.

American fried chicken chain Yardbird filed for Chapter 11 bankruptcy with $25 million in debt, closing several locations while keeping remaining restaurants open during restructuring.

KFC's future in Israel is under scrutiny amid reports of potential operational cutbacks, though the company insists its existing branches continue to operate normally.

Israeli airlines remain barred from flying to Dubai until late October due to security disputes, while foreign carriers like Flydubai operate freely, threatening thousands of tickets and sparking industry outrage.

San Francisco sued Trump Media over its Truth Social API service, alleging it sells early access to market-moving presidential posts for $100,000 monthly, violating competition and insider trading laws.

Viking Therapeutics shares surged 35% on Wall Street after reporting positive trial results for its obesity and diabetes drug VK2735, showing significant weight loss.

Fox Group has signed a non-binding agreement to sell its 49% stake in its European joint venture with American Eagle for $2 million, exiting the Dutch market after mounting losses.

Clal Insurance is in talks to invest 150 million shekels for a 20% stake in investment banking firm Value Base at a 600 million shekel pre-money valuation.

American firm Ibex Investors closes its sixth Israel-focused fund at over $87 million, targeting secondary investments in growth-stage local technology companies.

Ari Real Estate approved a share buyback program of up to 30 million shekels, starting November 2026, funded entirely through internal cash reserves.

The Central District Court approved a major class-action lawsuit against four major Israeli banks for failing to pay interest on current accounts, with damages estimated at over 15 billion shekels.

The sale of Altshuler Shaham has triggered a wave of potential mergers and acquisitions among Israel's veteran investment houses, as firms like Yelin Lapidot and More weigh strategic deals.

A rift has emerged between Carrefour Israel CEO Inbal Harson and Co-Chairman Michael Loboshitz ahead of the retail chain's anticipated November public offering on the Tel Aviv Stock Exchange.

Karmiel-based weapons manufacturer EMTAN sued broker SYN-RG-Ai for 4.5 million NIS over an unpaid Congo arms deal. SYN-RG-Ai alleges defective goods and inflated prices.