Economy

Ben Shalom has demolished 12 old apartments on Yesod HaMa'ala Street in Hod HaSharon to build 36 new units across two 8-story buildings in a major urban renewal project.

Following a decade of negotiations, the Israel Police and Ministry of Finance agreed on significant wage and pension improvements for various police units, including Judea and Samaria Border Police and crime investigators.

Bank Leumi extends its Tailor Made market-making program on the Tel Aviv Stock Exchange by a year following strong liquidity gains and a 50% surge in daily trading volume.

Serbian President Aleksandar Vučić inaugurated a joint Israeli drone assembly plant on Thursday, securing key technology transfers and local manufacturing capabilities.

Data from the Phoenix Gamma index reveals that last-minute Rosh Hashanah shopping drove sharp increases in Israeli retail, led by an 82% surge in nurseries and an 18% jump in fashion sales.

Delek Israel is negotiating to buy Eventim's 40.5% stake in the Zappa concert chain for 20 million NIS, following a legal dispute, bringing its total stake to 81%.

Nofar Energy completed a 200 million shekel investment deal with Meitav in its subsidiary Nofar Israel, reflecting a 2.3 billion shekel valuation and boosting renewable energy development.

US Senate defeats a digital asset framework bill, prompting Aave CEO Stani Kulechov to propose an "Uber model" strategy for DeFi to scale massively and force regulation.

Veteran anchor Eli Rachlin is leaving Reshet 13 after over 20 years amid massive layoffs by new owner Assaf Rappaport. Rachlin plans to challenge his dismissal in labor court.

Veteran advertising pioneer Shmuel Warshavsky will receive a lifetime achievement award, while major businesses join the anti-bullying Red Line campaign.

The Reisdor Group has won an Israel Land Authority tender in Elad for 26.8 million NIS, creating an 18-dunam mixed-use commercial and logistics hub with a 900 million NIS investment.

A newly revealed 2002 document shows LVMH signed an agreement to buy Hermès shares from heir Nicolas Puech's wealth manager, intersecting with a multi-billion-dollar legal dispute over missing shares.

Israel's housing market is adjusting to slowing sales as developers reduce construction starts to 76,000 units annually while inventory stabilizes at 84,300 unsold apartments.

The US SEC has introduced an "Innovation Exemption" allowing trading platforms to issue tokenized US stocks under Project Crypto. The five-year regulatory pathway aims to foster blockchain innovation while ensuring investor protections.

The Government Companies Appointments Committee rejected Guy Loyan's appointment as acting CEO of Cross-Israel Highway, citing an irreconcilable structural conflict of interest with his role as chief legal counsel.

Media tech company Roundtable secures a $5 million investment from crypto billionaire and senior advisor Naor Baruch, bringing total recent funding to $10 million as the Nasdaq-traded firm expands globally.

Sportswear giant Nike is set to leave the S&P 100 index on September 21 following an 80% drop in market value over five years, while its low share price threatens its position in the Dow Jones.

Fiverr launched a resume-free hiring track called The Unusual Way on its new career site, allowing candidates to showcase projects and problem-solving skills instead of relying on automated keyword screening.

The digital asset market shows daily gains while maintaining mixed weekly trends. Bitcoin trades at 76,930.1 dollars with a 1.24% daily rise, whereas BNB stands out with positive weekly and daily yields.

Israeli airline Arkia is offering a 50% discount on flights from Ben Gurion Airport for Sukkot destinations during a limited "White Night" flash sale, alongside expanding its wide-body fleet with a new Airbus A330-300.

M. Aviv Building Industries is acquiring 100% of urban renewal firm Tarhish for up to 56.4 million NIS and partnering with Ken HaTor in a 21-project deal worth up to 81.4 million NIS total.

Tel Aviv ranked 34th globally in the 2026 Oxford Economics Global Cities Index, leading the Middle East and North Africa. Haifa and Jerusalem placed 144th and 179th respectively.

The US House committees have advanced two major crypto bills, including the American Reserve Modernization Act to establish a strategic Bitcoin reserve and the Digital Asset Tax Certainty Act to clarify federal tax rules.

A profile by the Financial Times reveals that Dubai-based Vy Capital, founded by Alexander Tamas and Jon Herring, holds a 3.4% stake in SpaceX valued at $40 billion.

The Tel Aviv Stock Exchange is proposing a 5 million NIS retention package for CEO Itai Ben-Zeev alongside a strategic overhaul to become a public holding company targeting 1 billion NIS in revenue by 2028.

Ministry of Finance data reveals that the war since October 7, 2023, has cost Israel 230 billion shekels, amounting to about 79,000 shekels per household and heavily straining public finances.

The Histadrut, ministries, and Morad workers signed an agreement granting 12,000 NIS bonuses and better terms, successfully cutting medical driving test wait times from 18 to 4 months.

New Balance has filed a federal lawsuit against Decathlon for allegedly copying its iconic 'N' trademark on Kiprun running shoes, seeking a sales injunction and damages.

Tel Aviv committee recommends advancing a major expansion plan for Dizengoff Center, adding commercial floors, 85 micro-apartments, public spaces, and urban agriculture.

Wall Street faces deep divisions over S&P 500 forecasts as US Treasury yields surge past 5% and the Federal Reserve initiates rate hikes, dividing analysts.

The Ministry of Finance, Histadrut, and Population and Immigration Authority signed a historic six-year collective agreement for 300 enforcement administration workers.

Gordon Companies Inc., owner of Christmas Central and major holiday brands, has filed for Chapter 11 bankruptcy in New York with debts up to $50 million.

Foreign-controlled Israeli companies drove goods exports to 143.7 billion NIS in 2025, a 31% surge, while total employment in these multinationals dropped by 5% over three years.

Tel Aviv surpassed Jerusalem in new housing construction starts, reaching 7,611 units. Despite high permit numbers, completions dropped by 9.7% due to labor shortages.

Dganit Kramer has been appointed CEO of Hot Mobile, replacing Ilan Brok. The appointment follows the acquisition of the company by Delek Israel, Keystone Fund, and Leumi Partners for 1.2 billion shekels.

Yale Express is expanding its footprint in Israeli DIY chains with three new branches, a brand refresh, and an extensive lineup of smart security solutions.

The Israel Competition Authority penalized Originals, the official Rockport importer, over 3 million NIS for actions harming personal imports, marking a renewed regulatory crackdown.

The Tel Aviv Stock Exchange will not trade this coming Friday due to clearing rules tied to the eve of Yom Kippur on Sunday, marking a first since the 2026 schedule shift.

Nvidia's market cap has crossed $5 trillion amid the AI boom, prompting analysts to examine if the chip giant can achieve a $50 trillion valuation over the next five years.

The Istanbul Stock Exchange plunged after fund manager Pusula Portföy failed to meet investor redemptions, triggering a 5.54% drop in the BIST 100 and massive capital outflows.