Economy

The Israel Tax Authority demands the return of 238.4 million NIS in war compensation advances from thousands of northern businesses, while many owners report severe bureaucratic delays and ongoing financial distress.

A decade of marketing for Tel Aviv's Beresheet Tower has yielded only 76 sales out of 168 apartments, marred by a 2021 fire and hundreds of millions in mutual lawsuits.

A security forces member injured during a routine gym workout has been recognized as a work-injury victim, securing millions of shekels in total compensation and a permanent disability pension.

Israel launches a 35 million shekel pilot offering state compensation for businesses and farmers suffering property damage after refusing extortion demands.

Israel's Securities Authority forced Next Gen to disclose CFO Dan Hillerovitz's resignation reasons after he accused management of withholding critical financial data.

Israel's fiber optic infrastructure provider IBC has undergone a remarkable turnaround, expanding its network to 2.6 million households and approaching one million active subscribers under CEO Yossi Haber.

El Al has extended its frequent flyer diamond program until February 2027, amid stellar financial results showing soaring revenues and net profits for the loyalty club.

Amazon is actively recruiting former employees, including those previously laid off, for AI and cloud roles as it navigates strict return-to-office policies and past workforce reductions.

Despite warning signals from the U.S. bond market and rising yields, HSBC maintains a Maximum Overweight recommendation on equities, favoring technology stocks and gold.

The Standards Institution of Israel is raising import inspection prices by up to 12% starting October 1, a move expected to increase consumer prices and potentially contradict government efforts to lower living costs.

Medtronic Ventor paid 450 million shekels to the Israeli Tax Authority following a tax dispute over intellectual property transfers, with 360 million remaining in dispute.

The Tel Aviv Stock Exchange closed lower on Wednesday as the TA-35 index fell 0.26% and the TA-125 dropped 0.36%. Markets reacted to Wall Street declines and rising US bond yields.

A major merger in Israel's post-production sector unites Gravity and Shortcut Playground, while corporate updates feature new appointments at CEVA and Shibolet.

Israeli billionaire Alon Gonen revealed on Instagram how selling his TeleSign shares early cost him 25 million dollars, advising young entrepreneurs to practice patience.

Al-Nassr winger Sadio Mane has laid the cornerstone for an 18-million-euro agro-industrial mango processing project in his home village of Bambali, Senegal.

Advocate Mai Tsvi outlines essential legal guidance for young couples purchasing their first apartment, covering common pitfalls, memorandum risks, and vital contract safeguards.

Electra has secured a 200 million shekel contract to build and operate a pneumatic waste collection system in Rehovot, bringing its total portfolio in this sector to 1.3 billion shekels.

The Masad Oz Group and America Israel signed a full merger agreement, creating a real estate giant managing projects worth 50 billion shekels with plans for an IPO.

The Civil Administration approved depositing a plan for a new industrial zone in Chaforit, Gush Etzion, marking the first such project in over 25 years to boost local municipal revenues.

An Israeli court rejected a woman's claim to half of her ex-husband's ₪6.25 million moshav estate due to a signed 2009 waiver, awarding her only documented renovation costs.

Libya exports 1.5 million barrels of oil daily to Europe, bypassing maritime chokepoints. Despite surging revenues amid regional tensions, severe political instability and economic reliance on petroleum hinder sustainable growth.

The District Court rejected a 12 million NIS lawsuit filed by Roni Mizrahi Group against Union Bank over alleged overcharging, citing valid agreements and exposed construction offenses.

Ondas has acquired three defense technology companies for $56 million, plus up to $32 million in milestone payments, bolstering its autonomous systems and defense portfolio.

Office Depot launches extensive back-to-school sales for students, offering discounts on laptops, ergonomic furniture, printers, and stationery across branches and its VAT-free Eilat location.

Tomato prices in Israel soar to nearly 19 shekels per kilogram in convenience stores while major supermarket chains offer holiday promotional discounts.

On Holding stock jumps 8% after signing football star Kylian Mbappé and issuing strong 2029 financial targets, aiming for 5.6 billion Swiss francs in sales.

The Registrar of Cooperative Societies launched a strict directive requiring general assembly approval for real estate and major deals in cooperatives, targeting widespread transparency failures and conflicts of interest.

NTA presented the NIS 35 billion Tel Aviv Metro project at the InnoTrans exhibition in Berlin, drawing global interest from over 250 companies for the massive transit initiative.

Apple has permanently removed the famous 3D augmented reality model of Apple Park from its Cupertino visitor center, replacing it with new retail display tables and shelving after a recent summer renovation.

Fierce competition in Israel's credit card market has led to aggressive sales tactics. After inquiring about a card, a Tel Aviv consumer faced relentless calls and an unwanted delivery.

Retail chain Osher Ad has launched parallel imports of the iPhone 18 Pro 256GB at ten branches across Israel for 4,490 NIS, undercutting major competitors like KSP and Go Mobile.

Canadian investment giant Brookfield is reportedly in talks to acquire NICE's Actimize division for about $2 billion, sending NICE shares higher.

Investment bank Cantor Fitzgerald prefers to avoid Israeli chip inspection firms Nova and Camtek after recent double-digit pullbacks, highlighting growth concerns and favoring alternative semiconductor equipment stocks.

AriZona Iced Tea co-founder John Ferolito is locked in a fierce legal battle with his former masseuse over an $820,000 Florida home, disputed promises, and financial gifts.

Buying a four-room apartment in Tel Aviv requires 4.5-5 million NIS and a net monthly household income of 45,000-55,000 NIS, highlighting severe affordability gaps compared to other regions.

Ministry of Finance data for 2025 reveals top budgetary pensions in Israel reach nearly 100,000 shekels monthly for retired judges, highlighting vast disparities with teachers and healthcare workers.

Partner Communications announces an early redemption of Series Z bonds worth NIS 344 million to pave the way for a controversial NIS 500 million special dividend.

Rami Levy chain launches new discounted products, including a Lunabo folding tricycle for 199.90 NIS with SuperFly, a Ninja blender, and holiday stools.

Maytronics recalled its new Nia pool cleaner due to short-circuit risks, causing its stock to crash and wiping out one billion shekels in value for Kibbutz Yizrael amid an ongoing financial crisis.

Apartment owners in Jerusalem's Pisgat Ze'ev selected Shikun & Binui to advance a major urban renewal project involving the replacement of 60 units with 256 new apartments.