Economy

Following his retirement from professional football and significant real estate investments, the former national team star has opened a private padel complex and is launching the 'EZ7 Padel Tour'. Zahavi notes that while he misses the pitch, he is now fully committed to his new business ventures.

The Hassid Group, which owns Pizza Shemesh and Pizza Pargo, has acquired the Pizza Cheese chain, which has 5 branches across the country. As part of the move, the group plans to expand the chain and open at least 5 additional branches.

The lingerie empire presented seemingly positive reports, but a dive into the papers revealed one-time tax refunds of millions that hid the true situation.

The furniture manufacturer, which employs hundreds of workers, has filed for creditor protection under Chapter 11. Despite market concerns, the company has received legal approval to continue paying employee salaries and benefits.

The chip manufacturer officially announces the acquisition of Hugging Face, one of the world's most important platforms for the distribution and development of artificial intelligence models. The company promises that it will remain open to models and hardware from competitors as well.

The Israeli Public Broadcasting Corporation launches its new broadcast season and announces an expanded partnership with the global streaming giant to air its most successful series.

The trend of celebrity ownership of sports teams continues: the Hollywood actor is in official negotiations to purchase a stake in his childhood club. All the details about the emerging deal, the surprising family connection, and the stars who have already done it before him.

The Water Authority has increased the tariff per cubic meter of desalinated water to 4 shekels to incentivize private companies to continue operations despite algae pollution. The crisis highlights the risks associated with the full privatization of Israel's water sector.

Paz is selling its entire 4.9% stake in the Ashdod Oil Refinery for approximately 75 million shekels. The sale is being conducted through the brokerage firm Leader amid a surge in trading volume.

The National Road Safety Authority has demanded that Wolt formulate a plan within 30 days to reduce courier-related traffic hazards. The company faces potential legal action if safety standards do not improve.

A photographer has filed a lawsuit against the fashion house Comme il Faut over the unauthorized use of his photos in an AI-generated campaign. The plaintiff is seeking 100,000 shekels in damages.

The Israeli actress is set to complete a significant business deal as Italian pasta giant Barilla signs an agreement to acquire Goodles, the mac and cheese brand she co-founded. While deal terms remain undisclosed, the company was valued at $88 million in 2023.

A bankruptcy hearing for contractor Gilad Rubinsky turned into a confrontation with dozens of angry customers and former employees. Allegations suggest that funds collected for unperformed work were spent on gambling.

The channel's management team continues to expand with the addition of a senior executive with two decades of rich experience in the worlds of media, high-tech, and gaming, who will lead business development and growth.

The crisis at Tomer Mazon is deepening as the board meeting is postponed to September 17. Stock trading remains suspended amid accounting irregularities and high-profile resignations.

Nvidia has officially announced its intention to acquire the AI platform Hugging Face for $12.9 billion. The move represents the chipmaker's strategic shift beyond focusing solely on hardware.

The airline is collaborating with the Enosh association to mark International Mental Health Day. As part of the initiative, flight crews are distributing special postcards and encouraging passengers at an altitude of 30,000 feet to reach out to their loved ones.

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.

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.

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

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 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.

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.

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 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.

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.

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...

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.

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.

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.

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 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.

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.