Economy

Mivne Group signed a lease agreement with tech startup PointFive for 1,400 sqm of office space in Tel Aviv's HaSolelim project. The 5-year deal is valued at 18 million NIS, with an option to reach 36.5 million NIS.

Supermarket chain King Store completed a 10 million NIS upgrade of its Rosh HaAyin flagship branch and announced plans for a Tel Aviv Stock Exchange IPO. The 6,500 sq m store blends mainstream brands with authentic Middle Eastern products.

Nextcom Group's subsidiary and Udi Angel's UDIAN have partnered to develop 300 MW of renewable energy projects in Serbia and North Macedonia, marking Nextcom's first international expansion.

Airnergy Tech has signed a private placement agreement to raise 42.7 million NIS. The funds will accelerate compressed air energy storage projects in Europe and battery storage systems in Israel.

Buff Technologies filed three provisional patent applications in the US for AI training data verification technologies. Following the announcement, the company's shares rose 4.23% on the Tel Aviv Stock Exchange.

Amos Luzon has increased his stakes in Luzon Group, Luzon-Ronson, and Luzon Credit. The transactions precede an October shareholder vote on a proposed 38% increase in his monthly management fees.

An Amazon Prime Air Boeing 767-300 cargo plane, previously converted by Israel Aerospace Industries, overran a runway in Miami, killing 5 people and injuring 5 others. The FAA has launched an investigation.

Ayalon Insurance raised a massive 1.2 billion NIS in August after re-entering the provident fund market, but faced criticism as its initial yields fell significantly below the industry average.

Footwear chain Gali has opened its first branch in Ofakim at the GT CENTER with a 1.2 million NIS investment. The 300-square-meter store offers major brands and special launch promotions.

The Capital Market Authority exposed severe governance failures at More Investment House over an unauthorized attempt to seize control of Orion's board using client funds. Financial sanctions are being considered.

Venture capital firm Cyberstarts, managing $1.4 billion, is negotiating for a second office tower in Tel Aviv. The move expands its cyber campus model, offering portfolio startups rental rates 20% below market price.

Tsahi Abu's Ari Real Estate has bid NIS 562.5 million for Delek Automotive's 50% stake in the Vitania Tel Aviv towers. Co-owner Vitania, led by Rami Unger, plans to exercise its right of first refusal to block the acquisition.

Israeli-developed technologies drive approximately 70% of Nvidia's networking business, which generated $32.3 billion in the first half of fiscal 2027. Nvidia's corporate tax payment in Israel reached $1.287 billion.

Lululemon founder Chip Wilson and his wife Shannon have filed for divorce without a prenuptial agreement, putting a $6.1 billion fortune at stake, including major shares in Lululemon and Amer Sports.

Maccabi Tel Aviv chairman Shimon Mizrahi is set to acquire a 26% stake in the club for $45 million. Shareholder Richard Dietz has launched arbitration and sought a court injunction, alleging a covert attempt to hand control to investor Jason Levin.

The Manufacturers Association of Israel demands an urgent plan from the Airports Authority to resolve severe cargo delays at the Jordan River border crossing, where shipping costs have surged by 300%.

Investment house Pasternak Shoham completed its Tel Aviv IPO, raising ILS 70 million at a ILS 280 million pre-money valuation. Key investors included Itzik Oz and Prof. Yitzhak Swary's Allied Group.

A new Movieland cinema complex is opening in Bat Yam's BIG FASHION mall on September 24, ending a 12-year cinema absence. The launch will honor IDF reservists with free screenings.

Richard Dietz filed a Tel Aviv court claim over Maccabi Tel Aviv shares, challenging ownership transfer to Jason Levin and escalation of control dispute.

Israel unveiled its official wine region map, dividing the country into 8 zones and 18 subregions. Led by the Ministries of Agriculture and Health, the initiative standardizes grape origins and boosts consumer transparency.

Chai Bari has filed a 1.2 million NIS lawsuit against food importer Baladi, alleging trademark infringement over a quality assurance logo. Baladi rejects the claims and vows to fight the lawsuit in court.

Max Stock, Israel's largest discount retail chain, has opened its 65th branch at the Ad Halom junction near Ashdod. The new 1,580-square-meter store represents a multi-million shekel investment in nationwide expansion.

Five of Israel's six major desalination plants shut down due to algae contamination. To restore drinking water supplies, the Water Authority offered private operators a temporary 50% tariff increase.

Digital insurer weSure has launched "Shuri," an in-house developed AI bot that provides car insurance quotes through natural voice or text conversations, eliminating traditional online forms.

Dalit Katz Carmel, former VP of Marketing at ynet, has been appointed CEO of the "Our Brothers" association, which supports bereaved siblings and received the President's Volunteer Medal.

Channel 14 demanded data on rating panel changes since August 2024 to verify viewership accuracy. The Israeli Audience Research Board froze the transfer following an objection from Keshet's representative.

S&P Global Ratings upgraded Teva's long-term credit rating to investment grade BBB- with a stable outlook. This is Teva's third upgrade in recent months, following similar moves by Fitch and Moody's.

Israeli retail giant Super-Pharm has expanded its online auto sales to include Mercedes-Benz E-Class AMG 350 luxury sedans via parallel import, offering them for 500,000 NIS in direct competition with official importer Colmobil.

Israel's banks and currency exchanges are accused of profiting from undocumented foreign workers. Industry leaders claim financial institutions facilitate 450 million NIS in monthly untaxed transfers.

A series of support fairs for IDF reservists and military families will launch across Israel this September. The first event opens at Jaffa Port on September 8 to boost local businesses.

A class action lawsuit has been filed against WhatsApp in Lod District Court following a wave of sudden account suspensions. The suit, estimated at over 2.5 million NIS, targets arbitrary bans of Israeli users and businesses.

Daniel Bar Sadeh has been appointed CEO of the Israeli electronics retail chain. Having served as VP of Marketing, he now aims to expand the network to 30 branches by the end of 2027.

Reshet 13 southern correspondent Yishai Porat has announced his departure from the channel. This exit marks the latest in a wave of high-profile resignations under the ownership of Assaf Rappaport and management of Tali Ben-Ovadia.

Lutheran Social Services of Nevada (LSSN) has filed for Chapter 7 bankruptcy following the collapse of a $1.47 million property sale and allegations of financial misconduct under its former CEO.

NBA star LeBron James has posted a video hinting at a collaboration with prediction market Polymarket. The partnership is expected to focus on football campaigns, with details to be released later this week.

Social cooperative Ofek has officially applied for a banking license. If approved, it will become Israel's first non-profit bank, targeting households and small businesses.

Lena Weissbein has been named Head of Research at IBI Investment House's brokerage arm. She succeeds Liran Lublin, who led the prominent Israeli capital market research department for over seven years.

Nike will exit the prestigious S&P 100 index on September 21, ending an 18-year run. The sports brand is being replaced by tech firms including Dell and Palo Alto Networks amid shifting market dynamics.

Supporters of Maccabi Tel Aviv basketball club launched a protest against veteran chairman Shimon Mizrahi. Activists hung over 100 signs near his home following his move to block businessman Richard Dietz.

Israeli high-tech companies donated approximately NIS 12,000,000 to over 50 social organizations through the Tamoura Fund. The unique model converts startup options into cash during major exits.