Economy

The Tel Aviv Stock Exchange extended the trading suspension for Tomer Mizon shares amid an accounting scandal and inventory discrepancies tied to its leadership.

The Second Authority Council has approved the transfer of Reshet 13 to Merit Foundation, led by Assaf Rappaport, following a $25 million acquisition deal.

Israel Innovation Authority launches the 60 million NIS RSTPCS construction consortium led by Shapir, while Shufersal wins a 15 million NIS land tender in Ramat Negev.

Buy And Drive Holdings, a veteran Israeli luxury car agency, has filed for a stay of proceedings after accumulating 97 million NIS in debts amid severe economic shocks.

Co-founders Gilad Altshuler and Kalman Shaham are selling a 55% stake in Altshuler Shaham Finance's provident and pension funds for 1.1 billion shekels to WeSure and Yair Levinstein.

Trump Tower Tbilisi was officially launched with an estimated $2 billion investment. Eric Trump highlighted the Georgian capital as a dynamic global investment destination.

Bank Leumi and partners launch a new multi-million NIS fund offering subsidized 40,000 NIS loans at 2% interest for eligible IDF reservists.

The Rami Levy chain published its operating schedule for the 2026 Tishrei holidays, detailing special hours and 18 designated branches opening on Saturday nights.

Terminal X signed a non-binding MOU to acquire a 50.01% stake in the design and lifestyle chain SOHO for 11 million NIS, valuing SOHO at 22 million NIS.

Market analysts weigh the Fed's upcoming interest rate decision, balancing expectations of a rate hike against potential impacts on stock and bond markets amid shifting inflation views.

Dan Public Transportation signed an MOU to acquire Mesi'ei Shasha for 180 million shekels, marking its first major deal under new CEO Ofir Karni.

Following a major ownership shakeup, Altshuler Shaham executives held an emergency webinar to reassure insurance agents. WeSure and CEO Yair Levinstein acquired controlling stakes in the finance arm, while founders retain private operations.

Gett is doubling its international ride-hailing footprint to 50 countries, adding popular tourist destinations like Thailand, the UAE, and Morocco with shekel pricing.

Israir airline completed its historic inaugural flight from Ben Gurion Airport to New York's JFK, marking a major milestone in the company's expansion under CEO Uri Sirkis.

Shufersal's real estate arm, Laro, won an ILA tender for 20 dunams near Ir HaBahadim, planning a 100 million shekel commercial center to serve travelers and soldiers.

Jerusalem residents filed a lawsuit demanding ten holdouts in an urban renewal project be declared unreasonable, citing massive cumulative damages over stalled redevelopment plans.

Starbucks is reportedly exploring the sale of a controlling stake in its Japanese division in a deal valued at around $3 billion, marking a major strategic shift for the coffee giant.

The Bank of Israel's composite index rose by 0.4% in August, pushing economic activity above its long-term growth trend, driven by higher imports and tax revenues.

A Ministry of Construction and Housing report for 2025 shows public housing inventory grew to 47,299 units, halting a decade-long decline, while over 106,000 households received rent subsidies.

Swiss investment bank UBS initiated coverage of Israeli drone camera maker Next Vision with a Buy rating and a 434-shekel target price, signaling a 99% upside potential.

Max Stock CEO Ori Max's annual compensation will surge by 51.8% to 7.8 million NIS after approval by shareholders. The discount chain recently reported strong Q2 financial results.

Leader Capital Markets warns that bank exposure to real estate developers has surged to 511 billion shekels amid a slowdown in apartment sales, raising systemic risks.

Israel's second-quarter GDP growth for 2026 was revised down to 14.9% annualized, driven by sharp drops in exports and equipment investments.

Jefferies issued a bullish report on Israeli banks, citing strong macro fundamentals and attractive valuations. Bank Hapoalim was upgraded to 'Buy', alongside target prices for major lenders.

Six senior partners from Herzog, Fox & Neeman, led by Guy Neeman and Lilach Kenan, are launching Israel's first AI-native law firm focused on corporate litigation and white-collar defense.

SK Hynix is in early talks with Intel to manufacture memory chips in the US, potentially leasing an Ohio facility or forming a joint venture to meet soaring AI demand.

STANDARD token from The Standard Reserve surged 1,141% in hours, trading at 31.6 cents with a $31 million market cap, introducing an automated monetary code.

Global brands Starbucks and Burger King spark consumer frenzies with limited-edition Snoopy cups and single-nugget handbags, triggering reseller markups and bot controversy.

Harel Wiesel and Fox Group are in talks to acquire a stake in the premium home design chain Soho. The deal aims to strengthen Fox's footprint in the home decor and lifestyle sector.

A new study reveals that 70% of first-time homebuyers take on risky mortgages exceeding 30% of their net income, despite average monthly payments dropping slightly to 10,864 NIS.

Ilana Stein is suing the Prime Minister's Office for 122,000 shekels at the Herzliya Magistrate's Court, claiming she was never paid for her service as head of the international arena division.

A 63-year-old Carrefour employee battling lung cancer successfully contested his dismissal after the Labor Court ruled that the supermarket chain failed to prove its reduction-in-force claims and likely discriminated against him.

The Israeli Ministry of Finance has published a draft order to overhaul taxation and trade in the taxi industry, introducing a 120,000 NIS ceiling on purchase tax exemptions, stricter usage quotas, and formal regulation for taxi brokers.

BladeRanger signed a binding MOU to merge its subsidiary Envoy Technologies into CID HoldCo at a $65 million valuation, marking Shmulik Yanai's third exit in two years.

UK annual inflation rose to 3.1% in August, driven by surging fuel and energy prices, moving further from the central bank's target ahead of its rate decision.

A fact-check confirms Naftali Bennett's claim that non-haredi Jewish families pay 6,000 NIS more in taxes than they receive, while haredi families receive 4,000 NIS more than they pay.

Strauss Group's Ahla brand launches 'HaHumsiya shel Ahla', bringing authentic restaurant-style hummus to supermarket shelves with a new recipe and distinctive packaging design.

Bezeq secured the Accountant General's major tender at Israel's Ministry of Finance, capturing 70% of government data communication services for up to 10 years.

Israel's long-term rental housing market struggles with low supply, high demand in central areas like Tel Aviv, and rising rents, despite new projects in Sde Dov and Lod.

The Nekudat Teva health food chain in Israel has closed all nine stores and filed for a stay of proceedings with 14 million shekels in debt, citing the prolonged reserve duty of its co-owner in Gaza and economic pressures.