Economy

An administrative petition revealed that Babylon's upcoming gaming arcade at Ben Gurion Airport's Terminal 3 is projected to generate 24 million NIS annually, with passengers paying 132 NIS for 20 minutes.

Ayalon Insurance shareholder Gad Lieberman filed a pre-lawsuit warning over the controversial Altshuler Shaham acquisition by controlling shareholder Wissur GlobalTech, citing severe conflicts of interest.

Community hedge fund, led by Jeremy Blank, sold 100 million shekels worth of Bazan shares, exiting its substantial shareholder status after a 190% surge in stock value driven by soaring refining margins.

Wobi has agreed to acquire a 55% controlling stake in Altshuler Shaham for 1 billion shekels following massive capital outflows, marking a major expansion move.

More Provident and Pension leads talks to acquire a 15%-20% stake in online casino developer Sunflower, valuing the firm at up to $3.5 billion with an investment exceeding $300 million.

Chipmaker Altera has confidentially filed for a U.S. IPO aiming to raise over $2 billion, targeting strong investor demand for AI infrastructure and advanced computing.

Maccabi Tel Aviv basketball club's ownership dispute moves to arbitration as parties appoint Dr. Israel Leshem to resolve the conflict over a 29% stake sale.

Meta has asked the Tel Aviv District Court to reject Bank Leumi's demand for pre-approval of ads, warning of internet censorship, while the bank seeks 26 million NIS over financial scam campaigns.

Israel Railways Chairman Avner Flor urged the Government Companies Authority to immediately appoint a permanent CEO, warning that a year-long leadership vacuum threatens critical operations and strategic projects.

Adama announced that CFO Efrat Nagar is stepping down after two decades with the company. Sami Leibowitz will succeed her, returning from Syngenta Group effective October 2026.

L'Oreal has overtaken LVMH as France's most valuable company, marking a historic shift driven by consumer trends and a broader three-year slowdown in the global luxury sector.

Harel CEO Nir Cohen exercised 60,000 options to net 3.94 million shekels as the insurance group's stock skyrocketed. Meanwhile, the controlling Hamburger family cashed out 1.65 billion shekels in shares amid a massive 678% market surge.

Rosenbaum Communications is in advanced talks to acquire a 60% stake in Daniel Amram's social media news platform at a 10 million NIS valuation, aiming to control digital narratives.

Businessman Avi Ben Tal and comedian Shalom Assayag have acquired Icon Israel's digital assets for roughly 4 million NIS to launch a new media group named Buzz Code Digital Media.

Israir has canceled its planned flights to Morocco due to operational hurdles, while El Al's subsidiary Sun Dour steps in to launch twice-weekly flights to Marrakech starting November.

The Israel Securities Authority fined Ksem Mutual Funds 1 million shekels after an employee engaged in 1.3 million shekels of fraudulent securities trading.

After six years of litigation, the Tel Aviv District Court dismissed VERSO's lawsuit against Omer Adam's company and ruled that Opticana will receive 800,000 shekels in a counter-suit regarding eyewear brand rights.

Credit card company CAL has appointed Noy Kedem-Madmon as its new corporate communications manager, bringing over two decades of extensive media and public relations experience.

Nofar Energy will invest 103 million euros to build 1.09 gigawatt-hours of battery storage systems at two solar projects in Romania, slated for completion in 2027.

Israeli skincare brand Promise opens its first physical retail location at James Richardson Duty Free, offering travel-sized products and exclusive bundles after a decade online.

Israeli retail chain KSP is expanding its nationwide presence with two new branches in Petah Tikva and near Kiryat Ono, alongside upgrades to existing stores, bringing its total to 73 locations.

Adv. Ronal Bibi has been appointed CEO of Ofek Holdings, succeeding Daniel Ofek who transitions to co-chairman. The real estate firm manages thousands of housing units nationwide.

Food importer Diplomat is moving its headquarters to Naimi Park near the Mesubim Interchange in a 10-year lease deal valued at roughly 80 million shekels for 5,000 square meters.

Alex Northrop turned a 350,000 shekel apartment deposit into FILL IT, a top Israeli online supplement brand that grew 300% in two years and now targets the US market.

A US federal bankruptcy court ordered Humble Baron Inc., operator of the world's longest bar in Tennessee, to liquidate under Chapter 7 following massive financial irregularities and chronic multi-million dollar losses.

World fast-food giants like McDonald's and Burger King are shifting away from over-reliance on digital kiosks, retraining millions of workers to restore personal service and human interaction.

AGTD has announced the merger of Megam Food, a specialized institutional food distributor with 25 million shekels in annual revenue, expanding its logistics and retail reach.

Super-Pharm is offering the 2026 Mercedes E350 Sedan AMG Platinum on its online marketplace for 499,999 NIS, down from 629,000 NIS, in a limited stock of 10 vehicles.

Osem-Nestle has completed its transition to 100% renewable solar electricity across all Israeli manufacturing plants and logistics hubs, cutting annual carbon emissions by 30,000 tons.

Volkswagen and Porsche have completed the sale of their remaining Bugatti-Rimac stakes for €1 billion, ending a 28-year German ownership of the French hypercar maker to focus on EV development.

Shikun & Binui shareholders overwhelmingly approved selling Shikun Energy to the Generation Fund for NIS 4.45 billion. The deal requires further regulatory approvals and includes a NIS 300 million penalty clause.

The Israeli food retail market is booming as Keshet Teamim, Stop Market, and Carrefour Israel pursue massive valuations and IPOs, shifting focus toward data and Retail Media.

Oracle has initiated a new round of layoffs starting Monday as part of organizational restructuring to cut payroll expenses and fund AI infrastructure investments.

Haifa District Court approved a rehabilitation plan for infrastructure firm A.M.C. Shemesh despite 1.25 billion shekels in debt claims, prioritizing key public transit projects over liquidation.

Bank Leumi faces a leadership change as Amir Rosen steps down from his role at the AI Center. His departure coincides with the exit of real estate head Tzachi Artzi.

American defense-tech firm Ondas has acquired Israeli company GATE Technologies and European partner Bron Technologies in a deal valued at up to $390 million, expanding its precision-strike and electronic fuze capabilities.

The Israel Electric Corporation connected a new 217 million shekel underground substation in Tel Aviv to bolster power reliability for Ramat Aviv and northern Tel Aviv.

Cellebrite is moving its incorporation from Israel to the U.S. in a multi-billion dollar strategic shift aimed at securing major American defense contracts and broadening investor appeal.

Coca-Cola Israel faces a 1.56 million NIS fine by the Competition Authority for interfering with consumer prices, following an earlier 18 million NIS penalty for food law violations.

Ronen Ganon, owner of Zol Stock, has received antitrust approval to acquire a 70% stake in Multi Retail Group for 168 million shekels, paving the way for a merger into a 155-store retail group.