Economy

Savers in the 'Savings for Every Child' program are shifting funds from banks to provident funds. By the end of 2025, the share of bank-managed accounts dropped to 16%.

Iran's demand to impose a transit fee in the Strait of Hormuz is causing deep concern in global markets. Analysts estimate that a fee of 5% to 7% per barrel of oil could generate $18–$25 billion annually for the regime, leading to a global increase in energy prices.

The supermarket chain owned by Eitan Yohananoff is launching a prize-bearing activity in collaboration with the laundry brand "Color Catcher" - five winners will enjoy a voucher worth 200 shekels and a pampering product package - what do you need to do to win and how much time is left to participate? | All the details

The Lesico Group is expanding its footprint in the energy sector. Its subsidiary, Foldmir Binyan, has secured a contract to construct a power plant in southern Israel, with the first phase expected to generate approximately 70 million shekels in revenue.

The Norwegian sovereign wealth fund has cut the number of Israeli companies in its portfolio by more than half due to ethical considerations under heavy political pressure. Its semi-annual report reveals that the value of its assets in Israel has actually increased, driven by the significant rally in the local market over the past two years.

Coming soon to us? The new law that went into effect in France determines that companies cannot call you without explicit prior consent. While the existing database in Israel is porous, in France, a private individual who makes a violating call may face a fine of up to $87,000, while companies that violate the guidelines could be fined up to $435,000 per call.

The credit card company's net profit rose by approximately 4% to 104 million shekels, excluding the one-time payment received from El Al for transferring the FlyCard club to Isracard, which stood at 23 million shekels in the second quarter. In total, the overall compensation CAL expects to receive for the termination of the engagement with El Al stands at 75 million shekels.

America Israel enters into a partnership with Av-Gad in an urban renewal project in Ramat Gan. Hachshara Urban Renewal signed a 1.2 billion shekel financing agreement for a project in Kiryat Yam. The National Planning and Building Council approved two additional complexes in Haifa Bay. The Registrar of Contractors revoked the licenses of five contractors. Weekly real estate news.

Supermodel and businesswoman Bar Refaeli is moving her skincare and makeup brand from online-only to the shelves of the luxury fashion chain Factory 54, allowing customers to experience the products in person.

The Russian airline Transaero, which ceased flights in 2015 and accumulated debts of over 1.1 billion euros, remains in insolvency proceedings. The liquidation process has been extended until September 13, 2026.

The National Insurance Institute has released its report on the 'Savings for Every Child' program, revealing 25.4 billion shekels in accumulated savings. Acting CEO Tzvika Cohen urged parents to take a more active role in managing these accounts to maximize future benefits.

Cellcom presented its strongest quarter in 11 years, with a 44% jump in net profit to 92 million shekels and a 26% increase in operating profit. The main improvement stemmed from a sharp increase in equipment sales and continued debt reduction, while service revenues continued to erode and the stock responded with a rise of about 5% in trading.

Strauss closed the second quarter of 2026 with a 6.7% decline in sales to 2.87 billion shekels. However, net profit doubled to 195 million shekels due to improved operating margins.

The company moved from a loss of $37 million to a profit after the refining margin jumped to $17.9 per barrel. Ukrainian attacks on oil refineries in Russia and the blocking of the Strait of Hormuz reduced the supply of fuel products and boosted profitability.

The foreign exchange market is seeing moderate movements as investors await US inflation data. The dollar is strengthening by 0.1% to 3.004 shekels.

The Swiss Financial Market Supervisory Authority has turned bureaucracy into a growth engine. Through flexible licensing and the creation of 'Crypto Valley,' the country has become a global magnet for the blockchain industry.

Hachshara Urban Renewal took advantage of the recent stock price drop to conduct a series of market purchases, increasing its controlling stake in the urban renewal arm to 72.8%. How much did the company spend, and what is the current share price?

The group concluded the second quarter of 2026 with a 42% jump in operating profit and a net profit that more than doubled. Positive free cash flow enabled a dividend payout of 180 million shekels.

The Carrefour branch that closed in Netanya has been replaced by a large-scale store with an investment of millions of shekels, offering a unique combination of consumer goods and a new specialized complex.

The company, managed by Dana Azrieli, has signed an agreement to provide data center services in London with a capacity of 13.6 megawatts.

Bank Leumi has announced the cancellation of an option allocation for CEO Hanan Friedman. The decision follows a directive from the Banking Supervision Department prohibiting the linkage of executive compensation to the performance of individual subsidiaries.

OPC Energy reports a giant investment plan of about 7 billion dollars in the American electricity market, alongside exceptionally strong financial results.

Bank Beinleumi finished the quarter with a net profit of 583 million shekels and a return on equity of 16%, against the backdrop of the special tax impact. At the same time, credit to the public jumped by 20% to 164 billion shekels, while credit portfolio quality indicators continued to improve and the ratio of problematic debts fell to 0.40%.

Trading in Tel Aviv will open against the backdrop of uncertainty surrounding the Strait of Hormuz. Morning in the world: positive trend in Asia and New York led by chip stocks. After yesterday's excellent report from Bank Hapoalim, record profits for Bank Leumi. Meitav: the corporate bond market is showing complacency and ignoring risks. US inflation will be released this afternoon. Investment...

Despite a 40% jump in the stock, investment expert Michael Burry doubles down on his bet against Palantir and claims: "The long-term intrinsic value of Palantir stock is less than one dollar."

Yesterday's reports led to a red close for the stock exchange: Elbit plummeted despite a strong report, while banks surged following the Hapoalim results. Today, the market focuses on the US Consumer Price Index, which will dictate the direction of interest rates.

The Rami Levy Hashikma Marketing chain is launching a series of new promotions on home and family products, including laundry detergent, food items, baby products, and cleaning supplies.

Gold Bond and Doral Urban are forming a partnership to build an 80 MWh high-voltage electricity production and storage plant. The project involves a 40 million NIS investment and is expected to generate 12 million NIS in annual revenue.

With record profits, a 16.3% return on equity, and one of the world's best efficiency ratios, Bank Leumi continues to demonstrate strength despite the special tax imposed on the banking sector. Read on for the details.

Mohamed Alabbar, the developer behind the Burj Khalifa, is planning a $20 billion investment in two mega-projects in Syria. The initiative includes a new city near Damascus and a Mediterranean Riviera in Latakia.

Stock fluctuations continued yesterday; after a 41% drop this month, the stock rose by a similar rate. Simultaneously, the company sold penthouses in Kiryat Yam for over 4 million shekels. Mariash: "People still want and need to buy apartments."

August has arrived, and the National Insurance Institute has already transferred the first benefits to those eligible. When will the rest of the benefits be distributed, when is the mandatory reporting deadline, and by how much has the average payment increased this year?

A new economic review by Poriya Finance reveals the forces driving the shekel and warns of the implications of major bank reports and US bond data.

A review by Julius Baer presents a surprising snapshot of the markets and identifies areas worth investing in now, alongside changes in currency and artificial intelligence forecasts.

Ofer Klein, head of the Economics and Research Department at Harel Insurance and Finance, commented on the CBS business trends survey, which revealed a positive start to the current quarter, noting a surprising recovery in real estate and an unprecedented number of Israelis flying abroad this summer.

Globes presents the first update on the state of global markets. This morning: positive trend in Asia and Wall Street futures led by chip stocks. CoreWeave and Super Micro surged in after-hours trading following reports. Investors are awaiting the CPI to be released this afternoon in the US.

Building renewal is one of the most important ways to increase housing supply. After examining the situation in Tel Aviv, we checked which companies dominate in the other two largest cities — Haifa and Jerusalem.

The Cleanliness Fund under the Ministry of Environmental Protection is facing a 4 billion shekel deficit. The ministry has stopped publishing financial reports, and commitments have exceeded the fund's revenues for the past 8 years.

Gilboa, owner of the cargo airline Challenge Airlines, acquired control of Gaon Holdings last year and admitted at the time: 'It's not even clear to me yet what I bought.' Since then, he has enjoyed a 220% surge in the infrastructure company's stock, which tripled its profits in 2025 thanks to operational improvements.

The Government Companies Authority has banned Zoom participation in in-person board meetings. Directors argue the move is overly restrictive for the hybrid era, while Authority head Roi Kahlon insists the step is necessary to curb abuses and ensure professional standards.