Economy

Yigal Damri, founder and CEO of Y.H. Dimri, received a lifetime achievement award from the Negev Contractors Association for his decades-long contribution to the real estate sector and the development of the Negev.

Fattal Hotel Group has reopened the Leonardo Plaza Kinneret following a 150 million shekel renovation, featuring 261 upgraded rooms and an intimate music series.

Metaylim Hotels leaves Gesher HaZiv after 20 years and invests 30 million NIS to build a new 76-room hotel in Achziv, scheduled to open by the end of 2027.

Israeli fashion brand Itay Brands expands its retail presence with a new 94-square-meter store at Kanyon HaZahav in Rishon LeZion, bringing its nationwide total to 20 branches.

The Electricity Authority refuses to recognize 230 million NIS in costs from the Israel Electric Corporation over delays at the Hadera power plant, sparing consumers part of the 4.6 billion NIS economic damage.

High-Lift acquired a 75% stake in Skyline Cranes for NIS 255 million in a deal valuing the company at NIS 340 million, backed by a new institutional investment.

A new report by Points reveals Israel's burger market spans 526 branches across 14 chains, with McDonald's holding a dominant 45.3% market share and Eilat leading in per capita locations.

TLV Fashion Mall signed a decade-long deal with footwear brand Shopra to open the unique Shopra Archive store spanning 240 square meters with an investment of half a million shekels.

Israeli-founded ad tech firm Outbrain has filed a major antitrust lawsuit in the US against Google, accusing the tech giant of maintaining an illegal digital advertising monopoly.

Data from the Israel Tax Authority reveals a significant drop in median apartment prices in Givatayim, falling from 4.16 million NIS in Q1 2025 to 3.64 million NIS in Q1 2026 amid shifting buyer demand.

An investor who deposited $1.1 million into a fake crypto platform watched his balance swell to $20 million before discovering it was an elaborate pig butchering scam.

Direct Finance is acquiring an 85% stake in Sigma City Real Estate Financing for 34 million shekels, committing a total of 63 million shekels including owner loans to expand into real estate mezzanine financing.

City Market sells 11 branches to the 100 and Beyond retail chain for 35 million NIS, while planning to open 15 new locations in 2027.

Israel's Ministry of Finance is formulating a costly agreement to compensate defense giants Elbit, IAI, and Rafael for financing costs arising from a 17 billion shekel debt.

Tel Aviv stocks opened a shortened trading week with gains following strong global tech rallies. Meanwhile, bond yields hover near 5% and Bitcoin crosses $85,000.

A Jerusalem family court dismissed a man's claim to his family's agricultural estate, ruling his brother is the capable heir. The court cited lack of farming activity and the brother's superior financial capacity to compensate siblings.

A Guardian investigation reveals an existential crisis for Britain's fish and chips industry, driven by soaring costs, fishing quota cuts, and regulatory pressures.

New research proves the 'pain of payment' is a real emotional brain response. As digital payments surge in 2026, Israeli households face rising debt through installments.

Herzliya's Arena mall is undergoing a 200 million shekel transformation led by Reality Fund, turning the struggling enclosed shopping center into seven open, independent waterfront buildings.

The gig economy, once seen as the future of work, faces a reckoning as AI automates white-collar freelance tasks and physical automation threatens delivery and driving roles.

A decade after a severe financial crisis, Teva Pharmaceutical Industries is completing its turnaround under CEO Richard Francis, transitioning to common stock on the NYSE and advancing its innovative biopharma pipeline.

The modern Israeli labor market is undergoing a seismic shift as AI and changing demands redefine careers, making continuous skill adaptation essential for all professionals.

Israel's housing market defied expectations as developer financing incentives plummeted following Bank of Israel restrictions, while property prices experienced a much smaller correction.

Wall Street indices hit record highs while underlying market breadth flashed rare warning signs reminiscent of December 1999 and July 1929, as dozens of stocks hit annual lows.

A 5-room apartment in Givatayim sold for a record 5.85 million NIS. Analysts review the neighborhood's historical development, price trends, and the real estate market dynamics.

US federal prosecutors are investigating cryptocurrency exchange Binance for allegedly violating sanctions against Iran by allowing Iranian trading on its platform.

Osher Ad chain launches a special promotion ahead of Sukkot, offering the Moulinex EasyForce multifunction food processor for 249.90 NIS.

Wall Street rallied on Monday, led by a 2.3% jump in the Nasdaq, driven by tech stocks and Meta's new AI agent Muse. Meanwhile, WTI crude dropped 4% to $95 a barrel despite Middle East tensions.

Wall Street's Nasdaq hit a record above 27,100 and Bitcoin surged to $86,000, boosted by U.S.-Iran diplomacy, oil drops, and SEC approval for tokenized stock trading.

Maayan Adam announces a break from her consumer club Mami as the platform scales up, opening its network to additional influencers and introducing new monetization tech.

Victory supermarket chain CEO Eyal Ravid hired crisis consultant Julian Levinson to reinforce his PR team following the "Hamakor" investigative recordings controversy.

A US bankruptcy court approved the Chapter 11 plan for CVS subsidiary Omnicare, ensuring full creditor repayment, a $250 million sale, and a major DOJ settlement.

Donatella Versace has announced a joint venture with US digital fashion retailer REVOLVE Group, targeting young consumers following Prada's 2025 acquisition of Versace.

Wall Street opened the week with strong gains driven by AI stocks and falling oil prices, while Federal Reserve rate hike expectations and AI bubble concerns weigh on investors.

Visa is closing a payment loophole that allowed users to buy meme coins with credit cards while earning cash back by misclassifying transactions as digital media.

Novo Nordisk aims to launch five new blockbuster drugs by 2030 and reach $23 billion in annual revenue by 2035, facing rising competition from Eli Lilly and generic alternatives.

Oil prices dropped below $100 per barrel as surging Saudi supply and innovative shipping methods bypassed threats in the Strait of Hormuz, easing global inflation fears.

August 2026 mortgage volumes in Israel reached 10.9 billion shekels, pushing the yearly total to 79.6 billion shekels. Data reveals shifts toward the prime track and fixed unindexed rates.

Kylian Mbappe leaves Nike after 20 years to join Swiss sportswear brand On, receiving equity and helping launch a new football division alongside Thierry Henry.

New York Times stock experiences high options volatility amid a historic legal battle in Manhattan, as Wall Street investors brace for potential market-shaking outcomes.