Economy

Moshe Davi enters the PR system of retail chains in Israel for the first time, as Davi Communications will manage the public relations system of the Carrefour chain in Israel. This is the first significant move by the incoming CEO, Inbal Harson.

Palo Alto has acquired the startup Console for an estimated $500 million, without disclosing the deal's value. It has emerged that Palo Alto CEO Nikesh Arora was among the startup's early investors.

Hagag Europe reports the sale of hundreds of housing units in Romania within just five months and estimates that the gross profit from the next stages will reach an unprecedented amount.

Enterprise software giant ServiceNow is expanding its AI and metadata management capabilities with the acquisition of Israeli startup Sweep. Sources indicate the deal is valued at approximately $400 million.

The online game that has captivated hundreds of thousands of Israelis in just two weeks is generating huge cloud costs and threatening to crash, but now a first and exclusive commercial partnership has been revealed that may save the situation.

Rotem Sela launched a new dietary supplement brand with a stunning presentation, but customers who searched for it on Google could not find the site and encountered a list of failures on the official page.

Former basketball player and venture capitalist Omri Casspi has completed a $250 million raise for his third fund. The total volume of assets under management at Swish Ventures has reached $800 million.

The new fund of the former NBA player will invest in about 12 startups in the fields of cyber, AI, and defense. Following the raise, the assets under management of Swish grow to about $800 million.

Bank Leumi is expanding its service revolution and launching its banking application in five languages: Hebrew, English, Arabic, Russian, and French. Customers will be able to perform a variety of advanced operations in their preferred language.

Tal Shapira and Matan Bar-Nir, currently members of the firm's management forum, will be appointed as partners and will be responsible for managing work teams; leading complex communication systems for strategic clients; and formulating training, enrichment workshops, and mentoring and growth programs. Orenstein and Hoshen: "We are proud to promote excellent professionals who have become full...

Strauss, through its joint venture 3corações, has finalized the acquisition of Brazilian food producer Yoki. The final transaction value reached 642 million reals, 20% lower than the initial estimate.

Broadcom demonstrates fantastic growth, establishing itself as a key beneficiary of the AI revolution through strategic collaborations. Despite temporary stock price volatility, massive profit forecasts make it a compelling investment.

GEELY updates its local model lineup: the E5 crossover will be marketed with an enlarged battery and a range of 475 km with no change in price, and a new trim level for the Starray will improve electric range. All the details.

Leading figures in the Israeli retail sector have launched a first-of-its-kind bachelor's degree program that combines academic studies with practical internships to train the next generation of industry managers.

Shikun & Binui Chairman Nati Saidoff has sold 4% of the company's shares to institutional investors for 450 million shekels. Following the discounted sale, the stock price fell by 4.1%.

The management crisis at Ofer Yanai's Hapoel Tel Aviv basketball club has reached a new peak following the rapid departure of CEO Oren Hasson. This latest upheaval comes as the team struggles with a sharp decline in season ticket sales.

American software giant ServiceNow has completed the acquisition of the Israeli startup Sweep. According to information received, the deal is valued at $400 million.

The bank completed a massive move in international markets that drew billions in demand, with a rating higher than that of the state and at a lower interest rate compared to government bonds.

Automotive giant Colmobil announces a strategic move, launching a dedicated service that offers businesses a flexible solution for work vehicle rentals without long-term commitments.

Max Stock has signed a lease agreement for a new 45,000-square-meter logistics center in Ofakim with GT Holdings, a company co-owned by its CEO, Ori Max. The project, expected to be completed in 2028, involves an investment of approximately 20 million shekels.

The Sofrin Group, Weiss, and Orcom Real Estate are selling approximately 4,657 sqm of office space and 49 parking spots in Jerusalem. Following the sale, nearly 69% of the office space in the project will be occupied.

LivePerson shareholders have voted to approve the acquisition by SoundHound AI. The deal, aimed at strengthening the company's position in the Conversational AI market, is expected to close by September 4, 2026.

Amid a trend of dramatic expansion in Israel, Max Stock is leasing approximately 45,000 square meters in a logistics center being built by GT Real Estate in Ofakim for a 20-year term.

Businessman David Galperin and investment manager Emil Goldfarb are launching the hedge fund Centenario Capital. The fund is starting with $20 million in investment commitments.

The infrastructure company is in advanced negotiations to acquire an active power plant and a storage project in the USA. The assets are expected to generate an annual EBITDA of up to $33 million. At the same time, it is in talks to receive credit from an Israeli bank.

NewMed Energy, the energy partnership owned by the billionaire, has received exceptional trust from institutional entities in Israel and will issue a new series of long-term bonds that will support the development of the second phase of its flagship project.

International payment giant PayPal is cutting approximately 70 out of 300 staff members at its Israeli R&D center. The move is part of a global efficiency plan aimed at saving $1.5 billion annually.

Get Fresh Estonia has encountered a severe financial crisis and filed for insolvency. CEO Andero Keronen admitted: "We realized that our situation is worse than we thought."

The corporation presents upcoming original productions and reveals a dramatic international collaboration that will bring the biggest hits of the Israeli screen to millions of viewers around the world.

Ari Nadlan, controlled by Tzahi Abu, is acquiring 65% of Tana Commercial Centers for 38.4 million shekels, a sum that includes the repayment of owner loans.

In the motion to certify the lawsuit against the company, it was claimed that it prevents customers who purchased subscriptions for gas cylinders from utilizing their balance towards the end of the subscription period. The company claimed that customers are free to use the entire quantity. The court approved a settlement agreement reached between the parties, according to which SodaStream will...

A Chinese couple who paid in advance for a premium wedding catering package discovered after the event that they had received a cheaper menu due to staff error. The court ruled this a breach of contract and ordered the hotel to provide compensation.

After a months-long investigation, the NBA has severely punished the Los Angeles Clippers for violating salary cap rules in the Kawhi Leonard affair: the team was fined $30 million, owner Steve Ballmer was suspended for a year, and the player himself was also fined.

Following a 100% jump in the stock since the beginning of the year, investors developed impossible expectations for Palo Alto. The world's largest cybersecurity company published excellent financial reports.

Aya New York revealed in its Q2 2026 financial statements that it had pledged future income from assets already serving as collateral for its bondholders.

The major food chain has partnered with a non-profit organization to open a store in Rehovot for families in need, offering products at significantly discounted prices.

Israeli tech firm IVIX, which combats financial crime for governments, has announced a 10% workforce reduction alongside a strategic pivot toward new AI-driven investigative tools.

The familiar flavors of Yotvata arrive in a new version: Strauss has launched a series of soy-based chocolate drinks and iced coffee. The products carry a 'parve' kashrut certification, making them suitable for those who strictly separate meat and dairy.

American company Proofpoint is in advanced talks to acquire the Israeli cyber firm Varonis. Following the report, Varonis's market capitalization on Wall Street jumped by 10%.

The Israeli high-tech sector has seen a surge in investment, with WonderFul, Upwind, and Lyte raising a combined total of one billion dollars in a single day, signaling a robust recovery.