Economy

Haifa District Court approved a rehabilitation plan for infrastructure firm A.M.C. Shemesh despite 1.25 billion shekels in debt claims, prioritizing key public transit projects over liquidation.

Bank Leumi faces a leadership change as Amir Rosen steps down from his role at the AI Center. His departure coincides with the exit of real estate head Tzachi Artzi.

American defense-tech firm Ondas has acquired Israeli company GATE Technologies and European partner Bron Technologies in a deal valued at up to $390 million, expanding its precision-strike and electronic fuze capabilities.

The Victory supermarket chain has announced new discounts on fish, poultry, wines, and sweets, valid until October 3. Customers can find special prices across various popular food categories.

The Israel Electric Corporation connected a new 217 million shekel underground substation in Tel Aviv to bolster power reliability for Ramat Aviv and northern Tel Aviv.

Cellebrite is moving its incorporation from Israel to the U.S. in a multi-billion dollar strategic shift aimed at securing major American defense contracts and broadening investor appeal.

Wall Street faces a high-stakes week of US macroeconomic data, Federal Reserve rate decisions, and mounting fiscal deficit concerns driven by proposed economic stimulus plans.

Julius Baer analysts examine global market trends focusing on US inflation, oil price shifts following the Saudi pipeline attack, rising bond yields, and ongoing AI infrastructure investments.

A Tel Aviv enforcement registrar ruled that an elderly woman who received a debt discharge must surrender part of her 320,000-shekel inheritance to creditors, while keeping the majority.

Coca-Cola Israel faces a 1.56 million NIS fine by the Competition Authority for interfering with consumer prices, following an earlier 18 million NIS penalty for food law violations.

Ronen Ganon, owner of Zol Stock, has received antitrust approval to acquire a 70% stake in Multi Retail Group for 168 million shekels, paving the way for a merger into a 155-store retail group.

Cryptocurrency market shows positive trends on Monday as Bitcoin rises 1.44% to $77,885.4 and Ethereum gains 1.31%, while Tether records a slight dip.

Meitav's weekly review highlights Israel's moderate inflation, complex budget deficit, and dormant housing market, while warning of U.S. monetary tightening risks and high household equity exposure.

Psagot Investment House highlights US inflation pressures, rising Fed rate hike expectations, European monetary tightening, and a cautious recovery in Israel's housing market.

Three Kiryat Gat residents overcame major personal and professional hurdles to secure advanced technical roles at Intel. Their success highlights an expanding regional training model aiming to integrate hundreds of locals into high-tech manufacturing.

Fox CEO Harel Wiesel sold shares worth 1.04 million shekels, retaining a 6.47% stake valued at 304 million shekels. Meanwhile, Golf CEO Eyal Greenberg made a minor purchase of 54 shares.

The National Insurance Institute is expanding digital and advisory services for senior citizens, utilizing 4,500 volunteers and a dedicated hotline to ensure full rights realization.

Israeli mortgage volumes hit a record 11.5 billion shekels in July, driven by falling interest rates and a wave of refinancing activity across the housing market.

Aspen Group is investing over 3 million NIS to upgrade the commercial center at Tel Aviv's HaPil Junction, set to reopen in October with a refreshed culinary and wellness concept.

Arkia has cancelled its planned direct flights from Ben Gurion Airport to Ho Chi Minh City due to low demand, while doubling Hanoi flights and launching a new Manila route.

FedEx Express has appointed Avishay Gazit as Managing Director for Israel, Greece, and Cyprus, succeeding Miriam Tzur after a distinguished career.

Office Depot launches holiday and back-to-campus promotions on tech gadgets, power banks, and office furniture, featuring VAT-exempt deals at its Eilat branches.

Altshuler Shaham, managing 160 billion shekels, is being acquired by Wobi and Yair Lewinstein. The iconic brand will disappear, but savers' funds remain secure.

The National Economic Council has proposed halting mandatory employee pension contributions until age 40 to boost young workers' disposable income, sparking debate over long-term savings versus immediate financial relief.

Israeli businessman Amos Luzon invested about 440,000 NIS in open-market shares across Luzon Group, Luzon-Ronson, and Luzon Credit ahead of a shareholder vote on compensation.

Airoergy has signed a proposal to acquire 100% of the 7.84 MW FLUX wind farm in Poland for approximately 13.5 million euros, marking its expansion into wind energy.

The Jewish National Fund approved a 33 million shekel budget for 2026-2027 to fund detailed urban planning in Israel's northern periphery, tackling seismic risks and market failures.

The Supreme Court ruled that real estate developers in Target Price housing programs are not automatically entitled to construction fee exemptions, saving local authorities hundreds of millions of shekels.

Asian street food chain Asiatico is investing 2 million NIS in rebranding and plans to open 6 new franchise branches, aiming for 10 locations nationwide by 2027.

A contact lens recall in New Zealand and Australia triggered a 10% drop in SHEIN shares on the Hong Kong Stock Exchange amid mounting financial losses and regulatory hurdles.

Ari Real Estate, controlled by Tzachi Abu, moves to secure full control of a massive commercial complex in Ashdod through an option to buy out Iron Real Estate's stake for 137 million shekels.

Strauss Group's Elite brand announced the return of its nostalgic Jelly Berachot candies to shelves in Israel, alongside a limited edition of Tov Ta'am chocolate wafers.

A new land tender in the Bedouin town of Hura offers plots for semi-detached homes at a total cost of around 100,000 shekels, presenting rare sub-2 million shekel private housing opportunities.

Hatzi Hinam supermarket chain launched a new chef-driven prepared food market at its Rehovot branch, featuring daily dishes by chefs Moshe Badishi and Shahaf Shabtai.

The Regional Labor Court ordered Clal Insurance to pay 50,000 shekels for discriminating against a blind job applicant by refusing to accommodate screen-reader software.

Air Baltic has filed for Chapter 11 bankruptcy protection in New York due to soaring jet fuel prices driven by the Iran conflict, securing a 350 million euro financing deal while flights continue as scheduled.

The Fattal Hotel Group has launched its second hotel in Athens, the Leonardo Hotel Athens City Center, bringing its active properties in Greece to five as part of a broader European expansion.

Tamira Yardeni, founder of Teddy Productions, transfers control of the iconic 55-year-old content firm to long-time executives Yoav Tzafir and Meital Cohen, opting against external sale offers.

Bituach Yashir is offering a 200 shekels gift card to customers joining comprehensive car insurance via AI engines like ChatGPT and Gemini, following a successful Q2 2026 with 117 million shekels in profit.

The Tex-Mex chain Rapidos, part of the BBB Group, opened its first Eilat branch with a 1 million NIS investment, expanding its nationwide footprint to 7 locations.