Economy

Karmiel-based weapons manufacturer EMTAN sued broker SYN-RG-Ai for 4.5 million NIS over an unpaid Congo arms deal. SYN-RG-Ai alleges defective goods and inflated prices.

Israelis forfeit roughly 1.3 billion shekels annually in unclaimed VAT refunds while shopping abroad. Understanding Tax Free thresholds, customs validation, and digital intermediaries can significantly reduce travel expenses.

Global markets reacted to geopolitical updates and U.S.-Iran talks, while Wall Street saw mixed trading and Meta rallied on optimism surrounding its new AI assistant, Muse.

Morgan Stanley unveils its 2027 stock pick club, featuring 15 equities selected through an anti-momentum strategy focusing on distinct growth drivers rather than recent market hype.

Mizrahi Tefahot Chief Strategist Fanni Yoni analyzes US economic curves, Israeli fuel prices and labor tightness, trade deficits, and UK inflation trends.

Global markets digest recent central bank decisions as investors await key PMI and consumer sentiment data to gauge economic resilience amid high yields.

Julius Baer analysts examine global economic trends, predicting further US rate hikes, stable European rates, and resilient crypto adoption despite regulatory hurdles.

Wall Street enters the fourth quarter facing potential Fed rate hikes, but historical statistics show Q4 is traditionally the strongest period for the S&P 500 index.

Global stock exchanges, led by Nasdaq, are moving toward 23-hour trading. Meanwhile, the Tel Aviv Stock Exchange is evaluating evening hours to boost foreign investment and global market integration.

Tel Aviv-Yafo is reinstating targeted building concessions for specific projects nearly two years after a blanket abolition, aiming to balance planning certainty with flexibility.

The National Insurance Institute faces severe criticism from labor courts and lawyers after freezing thousands of autism disability allowances amid fraud suspicions and secret blacklists.

Car insurance prices in Israel fell by 8% in August alone, marking the sharpest monthly decline in 42 years, according to new CBS data. Industry experts attribute the drop to lower theft rates, stabilized spare parts costs, and regulatory pressure.

The "Hof Shel Mosh" group, founded by Mosh Ben Ari, will manage the Gesher Haziv kibbutz hotel starting in October, replacing Metaylim Hotels.

Osh Ad is offering a folding table measuring 180 by 70 centimeters for 69.90 NIS ahead of the family gathering season, providing an affordable temporary hosting solution.

Kanyon Renanim in Ra'anana is investing 12 million NIS in 10 new Movieland cinema halls following increased competition from the newly opened Big Glilot commercial complex.

The Trump administration is evaluating a potential ban on diesel exports to lower record-high domestic fuel prices, which have surged amid global conflicts.

A comprehensive guide details proposed inter-ministerial reforms for Israel's disability parking permits, linking eligibility to functional tracks and potentially canceling thousands of non-qualifying permits.

Leader Capital Markets released its weekly economic review, analyzing moderating core inflation, a tight labor market, housing starts, and potential interest rate cuts.

DoorDash will pay $131.5 million to settle claims of underpaying over 260,000 delivery workers in New York City, announced Mayor Zohran Mamdani.

US President Donald Trump reported over 1,100 securities transactions in July, totaling up to $270 million, highlighting continued heavy portfolio trading.

Nofar Energy canceled its preferred shares issuance on the Tel Aviv Stock Exchange after lukewarm institutional response, planning instead to explore a US offering.

Warren Buffett has stepped down as chairman of Berkshire Hathaway at age 96, handing the role to his son Howard Buffett following Greg Abel's transition to CEO.

Israel's high-tech industry reports a massive recovery in H1 2026, with exports hitting $46.5 billion and capital raising reaching $9.2 billion, though a strengthening shekel threatens profit margins.

Israel launches a financial reimbursement program of up to 2,000 shekels for IDF reservist families covering children's Sukkot camps, easing holiday childcare expenses.

Solair secured a $65 million financing deal with DNB Bank for its Calbuco wind and storage project in Chile, aiming for grid connection by 2027.

The National Insurance Institute announced refunds for individuals who paid 25 shekels for personal file copies at Jerusalem branches between December 2020 and March 2026, following a class action settlement.

The Irish DPC fined Google 403 million euros for GDPR violations regarding location data processing, ordering compliance within six months amid ongoing European regulatory scrutiny.

The Ministry of Housing's "Discount Apartment" website is shut down for system updates to block draft evaders from receiving housing benefits, freezing thousands of applications and renewals.

Dozens of drivers claim contaminated fuel at a Mitzpe Ramon gas station severely damaged their cars. Delek Israel activated its insurance to cover repairs despite disputed lab test results.

Hapag-Lloyd CEO Rolf Habben Jansen arrives in Israel to revise a $4.2 billion acquisition bid for ZIM with FIMI Fund, addressing state concerns over shipping lanes.

As Sukkot approaches, the Yochananof retail chain offers special holiday promotions on sukkahs, seating, grilling equipment, and festive food items through October 3.

Saudi Arabia resumed operations at the strategic East-West oil pipeline following drone attacks, helping to ease global energy supply concerns and stabilize oil markets.

Israeli eSIM company VOYE Global is launching a family eSIM account ahead of the Tishrei holidays, allowing multiple family members to share a common data pool managed through a central account.

Startup RealSense was acquired by Cognex for 500 million dollars, turning over 80 employees into millionaires just 14 months after spinning off from Intel.

While Israel's mall sector saw a summer decline in 2026, Herzliya's Seven Stars Mall surged by 13.9% due to new attractions, alongside major commercial real estate deals.

The Tel Aviv Stock Exchange closed with mixed trends as tech shares led gains, following strong Wall Street momentum. The TA-35 rose 0.41% and TA-125 added 0.21% amid 4.3 billion shekels in stock volume.

Apple has launched another round of layoffs, cutting staff from the Apple Fitness+ team following a previous reduction affecting Siri and Vision Pro divisions.

Prima Hotels restructures its management after 25 years as Haim Duke steps down, appointing Roni Weiser as Marketing VP and Oren Botbul as Sales VP to drive future growth.

Av-Gad Holdings secured conditional building permit approval for Phase A of the TEO Ramla City Gate urban renewal project, featuring two 25-story towers and 268 housing units.

A new emergency regulation for 2026 offers substantial income tax exemptions on domestic earnings for new immigrants and returning residents, capped at 3.1 million NIS over five years.