Economy

The Ministry of Labor has launched an online system for tuition subsidy applications in daycare centers and recognized family daycares for the 2026-2027 school year. Subsidy levels are determined based on per-capita family income, child age, and the type of recognized facility.

The Barzani Group has entered as a partner (50%) in an Electra Magurim project in Elad. This concerns a plot of land that Electra Magurim won in an Israel Land Authority tender as part of the 'Target Price' program several years ago, and it includes a total of 234 housing units.

Yoav Karmi and Ariel Prestman, owners of Ha-Bayta Living, will not join the Orion board of directors following the shareholders' vote. They failed to secure the required 51% majority.

The parallel import stock is being sold at five of the chain's branches. The price: 399 shekels — half the price of the importer's website. Retail chains continue to sell non-standard products, although this does not always have a significant impact on financial results: Victory showed a decline in sales in the first half of the year, excluding sales to the Gaza Strip.

After years of financial difficulties in which she was forced to sell her family home, a widow in her 50s won the prize in Double Lotto. She is not alone: within a few days, three new winners arrived at the Mifal HaPayis headquarters, including a resident of the South who won 40 million shekels, who will buy an apartment for his soldier son, and a finance professional who will provide a...

Rothstein Nadlan summarizes the second quarter of 2026: The company reports the sale of 121 apartments in the first half of the year. In the field of urban renewal, the company reports about 15,000 housing units that are in various stages of business development.

Bank of Israel data reveals gaps in interest rates and mortgage tracks between the major banks. Experts explain why the average interest rate is misleading, how banks profit from each track, and what really determines the best deal for the customer.

The Anshei Ha'ir group recently gave away an apartment as a gift, which may have boosted sales after a sluggish period. Revenues rose to 110 million shekels in the second quarter. The company sold 16 apartments at an average price of 7.8 million shekels.

Motorola Solutions is paying $1.5 billion for D-Fend's cyber technology, which enables the remote takeover of hostile drones. Founder Zohar Halachmi will join Motorola as a Senior Vice President.

Digital insurance company Libra concluded the second quarter of 2026 with a profit of 28 million shekels and the industry's lowest expense ratio, driven by the success of its daily insurance app, Chik.

The quarterly profit of Alfred Akirov's real estate and hotel company has dropped sharply, but this is not due to core operations. The primary driver of profit and volatility for the company has been the fluctuations in the value of its holdings in Clal Insurance and Bank Leumi.

The land lottery in Sde Dov was postponed due to fears of contamination, and soil tests have not yet been completed. The managers of 'Gush HaGadol' are asking to hold the lottery and not wait additional months for the results.

Next Vision reports a new order worth approximately $5.9 million from an existing client, adding to an unprecedented order backlog of over $217 million since the beginning of 2026.

A rare rehabilitation plan has been approved for a person who accumulated a massive debt and entered insolvency proceedings. The court in Rishon LeZion accepted the agreement of the parties, and the debt will be closed within two years.

A property where the debtor remains as a protected tenant may be sold for 35%–50% of its value. The price is tempting, but the feasibility depends on the waiting time, the status of the tenant, and especially the amount of rent to be set.

Over the past year, the portfolio of balloon and bullet mortgage loans has grown by approximately 20%, significantly outpacing the growth of the total mortgage market. By July 2026, the balance reached 29.2 billion shekels.

Blue Square Real Estate, operator of the TLV Mall in Tel Aviv, has filed a 35.4 million shekel lawsuit against businessman Moshe Golbary. The mall alleges that the Golbary and Sacara chains breached lease agreements.

Navitas Petroleum concluded the first half of 2026 with a sharp rise in activity following the launch of the Shenandoah project. The partnership recorded revenues of 517.2 million dollars and a net profit of 80.4 million dollars.

Victory CEO Eyal Ravid announced a special sale of the sought-after Asics GEL NYC model for 399 shekels. The promotion is limited to three branches and two pairs per customer.

About a year ago, Moshe Nur's company promised a revolution in the textile printing market and revenues of tens of millions of dollars. However, the report for the first half of 2026 reveals that revenues are only 1% of the forecast, the coffers are nearly empty, and shareholders have been asked to provide financial backing to keep the company afloat.

The Israel Securities Authority has issued a warning against Dmitry Osmolovsky. He is suspected of managing investment portfolios and offering trading services without a license.

Ahead of the academic year, iDigital is expanding student benefits, offering an 8% discount on MacBook and iPad models, along with extended warranties and trade-in options.

OpenAI CEO Sam Altman has admitted that he overestimated the pace of AI integration into the economy. He noted that society and businesses are adapting to new technologies more slowly than anticipated.

The Fox Group, led by Harel Wiesel, reported record financial results for the second quarter of 2026, with revenue reaching 1.83 billion shekels and a dividend distribution of 150 million shekels announced.

Despite the ongoing slowdown in the housing market, the average mortgage continues to climb, reaching 1.117 million shekels in July — the second-highest figure ever. About 43% of new mortgages were taken for properties worth 3 million shekels or more. Contractor loans also remained at a high level, with a volume of 1.6 billion shekels, but their share of total mortgages actually decreased.

TV personality Rotem Sela has introduced 'bettr', a line of liposomal supplements developed in partnership with Chemipal-Brands. With an investment of 8 million shekels, the brand promises up to five times greater absorption. Prices range from 129.90 to 199.90 shekels, positioning the products significantly above standard market alternatives.

The acquisition of the NOMO SOHO hotel in New York has boosted Dan Hotels' performance. Revenues from the hotel sector rose by 13% in the second quarter to 318 million shekels.

Bank of Israel data reveals a significant trend: the number of mortgage refinancings has reached a peak not seen since 2023. This largely explains the jump in total mortgage volume. Additionally, there is a positive indicator for the Bank of Israel: the number of those in arrears on mortgage payments is decreasing and is at its lowest level this year.

In a period of exorbitant prices, a passenger claims that El Al forced a voucher on him instead of a refund. "A company that exploits the fact that it has no real competition right now, traps us in opaque bureaucracy, and holds people's money hostage."

Rotem Sela is launching a new nutritional supplement brand, Better, following three years of development. The venture, established in partnership with Chemipal-Brands, will be available at Super-Pharm.

Terminal X reported its 12th consecutive quarter of double-digit growth, with net profit surging 90% to 13.7 million shekels. Total revenue for the second quarter of 2026 reached 161 million shekels, a 20.5% increase year-over-year.

An entry video, three meter readings, and a signed handover document are what get a 19,500 shekel deposit back. The law gives the landlord only three grounds to touch the security deposit, and 60 days to return the balance.

About 1.3 million families receive child benefits for approximately 3.2 million children, with the state depositing 58 shekels per month into each child's savings fund. While 28% of children in Israel live below the poverty line, studies indicate that reducing benefits has encouraged labor market participation while having a limited impact on birth rates.

A credit deal looks like just another way to spread out a purchase, but in practice, it is an interest-bearing loan. At an average interest rate of about 13.2%, a purchase of 20,000 shekels can reach more than 24,300 shekels when spread over three years. The difference between "installments" and "credit" can be worth thousands of shekels.

The bank is renewing its market-making agreement on the Tel Aviv Stock Exchange for another year following an unprecedented improvement in stock liquidity and trading volume, alongside increased interest from new investors.

Israir has completed all requirements and received flight permits to operate routes to North America, with ticket sales expected to open shortly.

Automotive giant Toyota is launching the Proace Verso in Israel for the first time — a spacious van in an 8 or 9-seat configuration designed for large families and organizations. The model is offered in two trim levels and will arrive in showrooms at the beginning of September.

Asa Lavinger, CEO of Energix, reduced his holdings in two transactions carried out on the same day. The sale occurs as the stock trades near its peak, raising questions about whether this reflects a lack of confidence or legitimate profit-taking.

The largest crypto giant in Eastern and Central Europe has been experiencing dramatic upheavals in recent years. The legendary CEO, nicknamed the "Crypto King," was likely murdered, leaving many questions. The person who replaced him has also disappeared, and it is claimed that he fled to Israel.

Israir has completed the regulatory process required to operate regular flights to the USA. Ticket sales are expected to open soon, and it is possible that flights will begin even before the date planned for October. At the same time, Delta and United are preparing to return to Israel next month, and the market for flights to the USA is expected to grow significantly.