Economy

Partner Communications received court approval to distribute a 500 million NIS special dividend after executing early bond redemptions to bypass creditor objections.

Goldman Sachs advises investors to rotate into lagging sectors like consumer discretionary and defensive healthcare stocks amid recent tech volatility.

Sephora UK has canceled its discounted shipping options to Israel, forcing online beauty shoppers to rely solely on expensive express delivery amid ongoing delays and order cancellations.

Israel's urban renewal sector saw a 51% drop in new housing units within permit applications during H1 2026, driven by Tel Aviv and Jerusalem declines, while Haifa and Holon surged.

Kfar Giladi kibbutz won a 542 million shekel tender to operate the Kedari quarry in the Galilee for 24 years, expanding its dominant position in Israel's infrastructure gravel market.

Engel Invest secured a permit for the After 2 urban renewal project in Tel Aviv's Lamed neighborhood after a nearby missile strike accelerated tenant agreements and municipal approvals.

Digital loan vaults surpass $10 billion in deposits as investors chase high crypto yields, prompting traditional financial scrutiny and new risk assessment tools from S&P.

Israelis returned to consumer routine as credit card spending rose across major retail sectors, led by a 19% spike in fashion and a 16% jump in computer sales.

A new study reveals that graduates of MAHAT technological programs achieve a 24% wage premium five years after graduation, outperforming some academic degrees.

Israeli teachers express growing frustration over being forced to manage school vaccination campaigns, arguing that medical and logistical burdens fall outside their educational duties.

Coinbase launched a new fee rebate program in its digital wallet offering up to 50% cashback in USDC. The move aims to counter a 14% drop in exchange volumes and rising competition from decentralized platforms.

Canadian fintech Nuvei obtained an Israeli clearing license from the Securities Authority after agreeing to acquire Payoneer for 2.75 billion dollars. The expansion will lower transaction costs for global retailers operating in Israel.

Arit Industries and its subsidiary Reshef Technologies face steep valuation declines and heavy losses for institutional investors amid cooling global defense markets and falling revenues.

Real estate developers in Israel are increasingly turning to bulk apartment sales at discounts to secure cash flow. Azurim Living recently purchased 80 units in Azur for 198 million NIS, securing a 14% discount.

Mediterranean Towers raised 285 million shekels in an institutional bond offering after receiving 612 million shekels in demand. The company reported strong financial results for the first half of 2026 and plans to expand its retirement home network.

Housing demand in the Gaza envelope has surged over 350% compared to pre-war levels, driving up property prices by up to 16% as families and newcomers flock to the region.

Global gold prices fall as oil rises on Middle East tensions, while Bank of Israel data shows rising inflation expectations despite a recent CPI drop, posing a rate dilemma.

The concentration committee will review Shapir Engineering's bid for Ashdod refinery control after selling its gas assets to Allied for 230 million NIS.

Dr. Assaf Vital lost his volunteer role representing medical interns at the Israel Medical Association after demanding financial transparency and clashing with leadership over governance and elections.

Global markets rallied after SpaceX reported a 161% revenue surge and strong tech earnings. Morgan Stanley strategist Mike Wilson predicts the S&P 500 could reach 8,500 points by mid-2027.

China's economic growth stabilized at 4.5% in Q3, driven by tech exports and industrial output, while the real estate sector and domestic consumption remain weak.

A severe housing shortage of 12,000 units is driving massive ultra-Orthodox residential construction in Kiryat Gat and Ofakim, featuring tailored neighborhood planning, Shabbat elevators, and community infrastructure.

Wix shares trade near $77 following a turbulent year marked by a $1.6 billion buyback, layoffs, and AI disruptions. Major investment banks Cantor and Oppenheimer issued bullish outperform ratings with targets up to $90.

A new Julius Baer and EY study reveals that 82.2% of wealthy families may sell their businesses due to a lack of prepared heirs, prioritizing family unity over legacy.

A price comparison of a Zip Line children ride-on toy shows significant percentage gaps across Israeli retailers, ranging from 49.9 NIS to 79.9 NIS.

Financial markets show relative stability with rising volatility. Or Poria highlights how geopolitical tensions and upcoming elections shape Tel Aviv indices and foreign exchange.

JPMorgan Chase's asset management arm forecasts a 10% average annual return for Bitcoin over the next decade in its 2027 report, highlighting both high yield potential and 55% volatility.

Starting November 1, 2026, Bank of Israel rules require bit users to verify their identity to keep balances up to 50,000 ₪, or face automatic transfers to bank accounts for amounts over 5,000 ₪.

Flour mills in Israel announced price hikes of 10% to 15% starting in November, driven by surging production costs and Black Sea wheat supply disruptions.

Yael Barzilay is stepping down as managing director of United Airlines in Israel after 26 years. Her departure coincides with the airline's recent resumption of US flights and route expansion plans.

A Nike store in Lyon operated by Israel's Fox-Wizel Group was looted during riots in France. Despite global sales weakness and civil unrest, expansion plans remain active.

SpaceX reported a 161% surge in third-quarter revenue to $14.58 billion, driven by Starlink growth and reaching a $1.94 trillion market capitalization.

Netflix reported Q3 2026 revenue of $12.87 billion and EPS of $0.87, but issued weak guidance that sent its stock down 6%. The results coincide with massive industry shifts, including Paramount's merger with Warner Bros.

Yotam Levin, VP of Business Development at Meshhek Energy and a member of Kibbutz Erez, has passed away suddenly. Colleagues and industry leaders mourn the loss.

UBS warns of financing pressures on AI Neoclouds while maintaining a strong outlook for tech giants and semiconductor firms amid surging artificial intelligence demand.

Roy Argov steps down as spokesperson for the HOT group after three years to launch an independent strategic communications and crisis management firm.

Delta Brands is expanding its Panta Rei athletic wear chain to 15 physical stores alongside robust e-commerce, defying global struggles seen at giants like Nike.

US housing market sentiment plunges to a 14.5-year low as the war with Iran fuels inflation, pushing 30-year mortgage rates to 7.4% and dropping Donald Trump approval to 37%.

Israel's real estate market faces a growing inventory of unsold apartments alongside a sales slowdown. Jerusalem and Tel Aviv lead the major cities, while mid-sized cities like Lod struggle with high unsold stock.

Tel Aviv Stock Exchange indices closed higher as trading volumes hit billions. Investors await the Bank of Israel interest rate decision, expected to hold at 3.25%.