Economy

Alongside strong financial reports, the insurance company Menora Mivtachim is the first to officially raise its targets. The company earned 785 million shekels in the second quarter with a return on equity of 34%, higher than other insurance companies. It projects assets under management of 750 billion shekels by 2030, a 73% jump compared to the end of last year, a similar jump in profit to 3...

Menora Mivtachim concluded the second quarter with a total profit of 785 million shekels, a 10% increase compared to the same period last year. The company's return on equity rose to 24.7%.

The infrastructure fund Keystone is initiating the IPO process for Egged, targeting an 8 billion shekel valuation. Meanwhile, the fund reported a 77% decline in net profit for the second quarter of 2026, down to 32 million shekels.

Smart Shooter summarizes an exceptionally strong first half of 2026: revenues grew by approximately 27.3% to about 16.3 million dollars, the order backlog jumped to 51.6 million dollars, and the adjusted net profit shifted from a loss to a profit of 1.5 million dollars. CEO Michal Mor: "Demand is increasing"

After her appointment as CEO of an insurance company was canceled at the last moment, Israeli entrepreneur Eti Elishakov decided to risk all her family assets to build an empire from scratch. Now she is marking her next goal.

Gardos, former head of the Budget Department at the Ministry of Finance, will join Shapir Engineering as a senior executive and will be appointed head of the Finance and Business Development Division. Yesterday, Shapir published its second-quarter reports, with revenues jumping by approximately 21% to about 1.7 billion shekels; a special improvement was recorded in the real estate sector.

The infrastructure and construction giant concludes an exceptionally strong quarter with revenue of about 4 billion shekels and presents an unprecedented figure in its backlog for the rest of the year. It will distribute dividends in the amount of tens of millions of shekels.

Phoenix concluded the second quarter of 2026 with a total profit of 908 million shekels, a 5% decrease year-on-year. Despite a decline in insurance core profits, the company saw significant growth in investment management and consumer credit activities.

XPeng's humanoid robot division, Dogotix, has raised over $900 million in its first funding round. The investment gives the company a post-money valuation of more than $6.3 billion.

Jump in net profit: Electra concludes the quarter with revenues of 4 billion shekels and a 60% jump in profit to 109 million. The growth was supported by a sharp increase in the infrastructure, real estate, and concession sectors in Israel, which offset the erosion in overseas operations. The company will distribute a dividend of 41 million shekels against the backdrop of winning mega-projects and...

The oil and gas exploration partnership Navitas recorded a sharp jump in revenues in the second quarter of 2026, following the start of full production at its flagship project - the Shenandoah reservoir in the Gulf of Mexico. Net profit stood at $77 million, compared to a loss of $56 million in the same quarter last year.

Total profit for the half-year rose 13% to 1.25 billion shekels, adjusted profit jumped 26%, and the group distributed half a billion shekels in dividends and immediately announced another half a billion. Behind the numbers lies a new growth engine - credit - and a first perfect rating. What does all this mean for your pension savings?

Increase in core profits and growth in assets under management: Phoenix concludes the first half of 2026 with a total profit of 1.57 billion shekels and an increase in business targets. Excellence Trade crossed the 100,000 client threshold. The company will distribute a 400 million shekel dividend and increase its share buyback program.

Zanlahl reported a net profit of 26 million shekels for the first half of 2026. Growth in the dairy sector offset the impact of imports in the vegetable segment, enabling the company to announce dividend distributions.

The core profit of Phoenix grew 10% above expectations, asset management activity jumped 36%, and the company is returning 62% of the half-year profits to shareholders. Phoenix is also increasing its share buyback program and announces that it will update its 2028 targets upwards.

The giant behind the popular language model is aiming for a $2 trillion valuation, potentially replacing SpaceX as the largest issuer. With high growth rates and reported operating profit, the market remains skeptical: is the company subsidizing user queries to undercut competitors?

The PEAX Group presented mixed financial results with record revenues of hundreds of millions of shekels, alongside a severe impact from the exchange rate that caused an estimated loss of millions of shekels in profits.

TSG presents strong financial results for the first half of 2026 with revenues of nearly 250 million shekels, despite a multi-million shekel impact from dollar exchange rate fluctuations.

After recording a drop of nearly 10% in its value over the last three months, the Israeli company published its financial results and presented an impressive increase in equity, which reached hundreds of millions of shekels.

The Public Transport Authority is considering barring Egged from the Hashmonaim cluster tender. The move follows findings that the company exceeds market share and annual mileage caps set by the Competition Authority.

The Keystone fund and Edeltech have requested that the Electricity Authority accelerate the conversion of their loan into equity in the Sorek power plant. This move suggests that Keystone may have abandoned its bid to acquire Shikun & Binui Energy.

Thanks to automatic deposits, market rallies and strong operating leverage, the five largest investment houses recorded a 52% jump in aggregate net profit to 651 million shekels. Meitav and IBI lead thanks to independent trading activities and services for the high-tech sector, while Altshuler Shaham remains far behind.

Following a cold reception from institutional investors, the American real estate company Eagle Properties has cancelled its 500 million shekel bond issuance. The move leaves the offering's advisors and underwriters, including former Israeli Ambassador to the US Danny Ayalon, without their projected 10 million shekel fees.

Ronen Ganon, the Haredi real estate entrepreneur who acquired Ace, Betili, Auto Depot, and 50% of Zol Stock, is entering the big leagues. The plan: to turn Ace into a chain that combines home accessories with food and to double the number of branches within a year. In an interview, he looks back at his childhood as a yeshiva student in a low-income family of seven and tells of the path he took to...

Stella Weinstein, who previously led the Yamina party, has been chosen to head Noga, a new subsidiary of Migdalei HaYam HaTichon that will offer comprehensive and innovative services for retirees.

The Fox Group held talks with international brands before October 7, but the war halted these plans. Harel Wizel stated that negotiations would resume if Israel enters a prolonged period of stability. Simultaneously, the company plans to expand the Jumbo chain and optimize its import logistics from China.

In an effort to maintain exclusivity, YouTube is paying millions of dollars to top creators. Experts warn that the bidding war could severely hurt Netflix's profitability and the company's stock.

Due to a shortage of external directors, Israel Railways is unable to approve financial statements. The Securities Authority has warned that this paralyzes oversight and threatens the trading of the company's bonds.

In an open conversation with investors, Fox Group CEO Harel Wizel spoke about the difficulties of the growth engines at Retailors and Jumbo, alongside the group's recovery in the second quarter of the year.

The British company Welink, operator of Portugal's largest solar power plant, has entered insolvency proceedings. The collapse follows a decline in electricity prices, severe malfunctions, and a 143 million euro lawsuit from a Chinese contractor.

Tal Raban, former CEO of Coca-Cola Israel, reveals how one brave decision to introduce a new and unknown brand managed to change the balance of power in the beverage market within just one year: "Great results happen only with brave decisions."

Bill Gates' private investment firm, Cascade Investment, has consistently increased its holdings in the American waste disposal giant Republic Services. According to official stock exchange filings, the firm, managed by Michael Larson, purchased shares over four consecutive trading days at prices ranging from $214 to $217 per share.

A senior partner at the investment bank fears that new technology is leading to cognitive decline and endangering the next generation, and shares what happened when they challenged the corporation's artificial intelligence system.

Tempo claims that since Goldstar WILD BATCH beer was taken off the shelves, many requests have been received to bring it back, and now the beer is returning in a special edition and with a renewed branding.

The renowned landscaping company Ameri-Pride, operating for 35 years in Florida, has filed for bankruptcy protection following massive debts of up to $10 million.

The company ONE has been selected to lead a strategic project at Bank Discount to implement a cloud-based SAP system. The new system, scheduled to go live in January 2028, will provide a unified AI-based information infrastructure that will improve operational efficiency and support the bank's growth.

PCB Technologies has won a strategic tender expected to accelerate its growth and deepen its penetration into the global medical device market. The contract is valued at approximately $65 million over two years.

The Hagag Group has signed memoranda of understanding for two large-scale real estate projects in Baku, Azerbaijan. The joint venture with a local partner aims to develop approximately 3,500 housing units within the Sea Breeze Resort area.

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.

InterCure has reached a final settlement with the Israel Tax Authority for 230 million shekels in compensation for damages sustained during the October 7 attack. Following the announcement, the company's stock jumped by 34% on the Tel Aviv Stock Exchange.