Economy

Adv. Sarah Kandler has been appointed as the new Director General of the Israel Securities Authority, succeeding outgoing chief Oded Shapiro.

The Capital Market Authority revoked five more Finibert agent licenses in the Slice affair, bringing the total to 12 over 280 million shekels transferred improperly.

Attorney Sarah Kandler has been appointed CEO of the Israel Securities Authority, succeeding Oded Shapirer. She brings extensive internal experience in capital market reforms.

Gilat Satellite Networks' Peruvian subsidiary has secured a $28 million contract with PRONATEL to upgrade broadband infrastructure across the Ica region.

The Israel Competition Authority approved Delek Israel's acquisition of Eventim's stake in the Zappa entertainment group in a two-stage 29 million NIS deal.

Palo Alto Networks reached a historic 1 trillion shekel market capitalization on the Tel Aviv Stock Exchange after a 170% surge since February, driven by soaring global cybersecurity demand.

In July, the average hitech wage in Israel dropped 6.2% to 34,301 NIS, sharply narrowing annual growth to 2.3%. Meanwhile, the national average wage for August fell slightly to 14,448 NIS.

Green Lantern fund is acquiring a 30%-35% stake in the Kiso restaurant group for 350-370 million NIS, replacing a planned IPO on the Tel Aviv Stock Exchange.

Navitas Petroleum is replacing contractors who withdrew from its flagship Sea Lion oil project near the Falkland Islands following threats of sanctions from Argentine President Javier Milei.

Israeli renewable energy firm Doral is investing nearly $1 billion to expand the Mammoth solar project in Indiana, aiming for a record 2.9 gigawatts capacity by 2029.

Rental prices in Israel have surged significantly since 2022, with the nationwide average reaching 5,063 NIS. Nearly 30% of Israelis now rent, with Tel Aviv leading at 50%.

Tomer Scheller, 35, has been appointed Chief Operating Officer of Beit LeMedia Anoshit, joining from Gitam to manage the SHARE and IDOLS subsidiaries alongside CEO Matan Ahavati.

Mali Leviev Binyamini has been appointed CEO of Sigma Portfolio Management, an investment house managing over 20 billion shekels. She will lead the company's business strategy and client expansion.

Wall Street indices remain near record highs driven by mega-cap AI stocks, masking a severe slump in major consumer brands like Nike and McDonald's amid high US Treasury yields.

The National Public Transportation Authority will publish a tender for the Hasmonean bus cluster, splitting it from Ramla-Lod. Egged is barred from participating due to monopoly limits.

American fashion retailer Cato announced it will close about 120 stores during fiscal year 2026 amid persistent inflation and high interest rates.

Phoenix American Hospitality, manager of Hilton and Marriott-branded hotels, filed for bankruptcy in Texas following an SEC fraud settlement over an $86 million scheme.

Apple's new CEO John Ternus is dedicating significant time to the company's design studio, contrasting sharply with his predecessor Tim Cook's management style.

The Greek Orthodox Church's recent Supreme Court filing confirms JNF lease extension rights over 520 dunams in Jerusalem, threatening Gary Barnett's 750 million shekel land investment.

Israel records around 85,000 unsold housing units, but CBS definitions distort the reality by including permits years from construction while dropping long-term unsold properties.

Or Poria of Poria Financial Investments published a weekly market review, highlighting how multi-year peak bond yields and a strengthening US dollar are dictating global and local financial trends.

British fintech giant Revolut is accelerating its entry into Israel by hiring for core banking roles like credit and compliance, aiming to challenge the local banking sector.

Kosher hamburger chain Mi Ma Mo invests 8 million shekels to expand to 12 branches across Israel by early 2027, adding new locations in Haifa, Jerusalem, and other cities.

Israel's mutual fund industry reached 849.4 billion shekels in managed assets following 6.4 billion shekels in net inflows in September 2026, driven by money market and local bond funds.

A Tel Aviv labor court ordered Holmes Place to pay 250,000 shekels to a maintenance worker for denied social benefits and wrongful termination after rejecting claims of external contracting.

Phoenix W partners with Bernstein Private Wealth Management to bring global investment platforms and advanced wealth advisory services to affluent clients in Israel.

The SPACE fitness group is investing 7 million shekels to open its 40th branch in Ness Ziona. Spanning 1,200 square meters at the Kanyoter mall, the club is part of an aggressive nationwide expansion strategy.

Coca-Cola Israel is launching a limited-edition 'Baktana' package featuring twelve 150 ml cans for classic and Zero varieties, catering to consumers preferring smaller portions.

Former SolarEdge CEO Zvi Lando has been appointed chairman of the board of flexible solar film maker Apollo Power, replacing Yom Tov Samia.

Doral Energy received permits for the second phase of its Indiana solar project, expanding total capacity to 2.7 gigawatts by 2029 with an estimated investment of up to 3 billion shekels.

Real estate firm Aura reports over 780 apartment sales in the first nine months of the year, driven by a successful targeted campaign offering significant buyer discounts.

Global bond yields and inflation drive the euro to a 1.5-year low, while Israeli bonds show relative resilience with a favorable 1.1% spread against US Treasuries amid strong fiscal data.

Ithaca Energy, controlled by Israel's Delek Group, signed a definitive agreement to acquire Eni's UK oil and gas assets for $938 million. The merger will boost production past 100,000 barrels per day.

Crypto platform NEAR Intents successfully recovered $3.8 million in stolen funds within hours after its CEO issued an ultimatum to the hacker, while the NEAR token surged by 4.8%.

The ECB is evaluating three models to integrate central bank money into blockchain networks, aiming to support tokenized financial assets and modernize settlement systems.

Tokyo shares jumped 2.5% led by an 8% surge in TDK shares following strong AI sales reports. Oil prices saw a moderate decline while Asian markets mixed.

The US dollar surged in global markets against the euro amid political turmoil in France and weaker-than-expected US employment data, pushing local exchange rates.

Mike Ettling, Chairman of Sapiens and Advent partner, details the $2.5 billion software company's aggressive restructuring, leadership overhaul, and integration of AI in an exclusive interview.

Bankrupt real estate entrepreneur Oren Kobi has asked the Tel Aviv District Court to reassess a 30,000 NIS monthly payment order, citing zero earning capacity due to house arrest and business bans.

Former Doral CEO Yaki Neumann has launched FinErgia, a renewable energy venture backed by Sphera hedge fund partners, targeting a half-billion-shekel fundraising round and European solar acquisitions.