Economy

August's Deals: Sales and Promotions
Ahead of the return to school and with the autumn holidays on the horizon, chains and brands are launching summer sales and benefits in a variety of fields. We have gathered for you the most prominent offers of the month.

What is happening with wages in the country's center?
From high incomes in central cities to significant gender gaps: a detailed analysis of the Israeli labor market based on age, profession, and geography.

Pension tips that will save you tens of thousands of shekels
Even if you are just about to retire, or have already retired, there are still ways you can maximize the monthly allowance you receive. On the order in which it is correct to withdraw from savings channels, how it is possible to hold two advanced training funds (Keren Hishtalmut), and also why if you are still working, you should not rush to withdraw your pension allowance. Advice ahead of...

Ministry of Finance warns of a surge in cancellations: what awaits contractors
The Ministry of Finance predicts an unprecedented wave of real estate deal cancellations. Meanwhile, Chaim Katzman plans to sell 33% of shares, Tzahi Abu criticizes the situation, and contractor Dudi Appel has become a suspect in a major criminal investigation.
Sewer smell, abandoned shops and huge lawsuits: The crash of Israel's "Movie City"
The commercial complex at Cinema City Glilot is emptying out and showing abandoned shops, while the nearby "Big" complex is bustling with life. At the same time, the Nitsba company is facing millions in lawsuits from chains like Landwer and Shufersal, alleging neglect and economic collapse.

The 'Boom' stock chain slashes prices on school supplies: for only 1 shekel
The back-to-school season is at its peak and competition between chains is intensifying, as the stock chain launches a special promotion offering a long line of basic stationery, pencil cases, and bags at the surprising price of one shekel.

Wall Street in the Red Amid Iran Tensions: Who Still Managed to Rise?
US President Donald Trump criticized the massive profits of Exxon Mobil and Chevron as oil prices surged due to Middle East tensions, while Wall Street indices ended the day with losses.

Price Revolution in the Car Market: Popular Models Cut by Tens of Thousands
Following the electric models, the MG importer in Israel announces a dramatic price reduction for hybrid SUV models, alongside equipment upgrades and new features.

Garage secrets revealed: 5 tips to save thousands of shekels on your next service
Routine car maintenance and rising costs are a major concern for drivers in Israel. By following these professional insights, you can save hundreds, if not thousands, of shekels during your next visit to the mechanic.

A blow to investors: Taboola shares crash by 27%
Despite positive second-quarter financial results, Taboola shares plummeted on the Nasdaq due to investor concerns over a new policy planned by Google regarding web navigation.

The turnaround in the diet battle: the market leader falls behind as a rival hits a trillion-dollar valuation
Three years ago, Novo Nordisk ruled the market with an iron hand, but Eli Lilly has made a massive overtake. The pill revolution, price drops in the USA, and a lawsuit — the drama behind a market worth hundreds of billions.

Returned from reserve duty - and discovered a payslip of 0 shekels: "I felt that the country betrayed me"
While they bear the burden, reservists and their families face an employment market that turns its back on them. A casualty officer who accompanied the wounded was required to return to the office immediately: "They looked at me as if I had scammed someone." A reservist's wife says: "I was afraid of job interviews."

The war is pushing the world's wealthiest to emigrate: Turkey hopes to be their next destination
Dubai no longer projects security, and the world's wealthiest are looking for a new home. Some left their home countries for security reasons, while others are interested in extensive tax benefits. Where are they moving, and which country is trying to establish itself as the new destination?

Time has eroded the advantage received by winners of the "Apartment at a Discount" program
The long-awaited discount is losing its value. Double standards at the Second Authority for Television and Radio. The railway has remembered to connect to Wi-Fi. A spotlight on several issues on the agenda.

Recall of beloved biscuits: Petit Beurre are being pulled from shelves in Israel
Importer G. Willi-Food International Ltd. has announced a recall of Petit Beurre biscuits in two package sizes, after a test revealed the presence of a sesame allergen not listed on the label. Consumers allergic to sesame are requested not to consume the product.

Gold is surging again: Is this the comeback everyone was waiting for?
The yellow metal keeps rising, climbing to a seven-week high against the backdrop of a weakening dollar, a cooling US labor market, and signs of de-escalation in the Middle East. But it is still very far from the January peak — and that is exactly the big question: is this a new rally or just a temporary rise?

Fattal chain soars at the peak of the summer season, indices celebrate | Stock market trading summary
The stock exchange closed in the green as both flagship indices recorded a rise in prices. Ormat Technologies stock is defined as the day's biggest winner, jumping by 8.98%. In contrast, Ackerstein Group is the biggest loser.

Monday explains to employees: "There is no connection between the CEO salary upgrade and the layoffs"
Ahead of the shareholders' vote on doubling the CEOs' compensation package, Monday denies to its employees any connection to the recent wave of layoffs, explaining that it is a periodic update. The company notes that the salary has not been updated since the IPO five years ago, and that it will now be adjusted to the level customary in the market.

Fly Card invested more in advertising than MAX, but remained out of the ranking
Even without being on air, Bank Hapoalim once again tops the memorability and favorability rankings, according to Globes and Geocartography. The index is dominated by summer-themed advertisements, including those from MAX and Duty Free.

Apollo to acquire easyJet for $7.7 billion and take it private
Private equity firm Apollo Global Management will acquire easyJet in a deal valued at $7.7 billion. The acquisition is moving forward after competing investment firm Castlelake withdrew its bid.

Manufacturer of Guinness and Smirnoff wants to save a billion dollars: will fire thousands of employees
Diageo, the world's largest alcohol company, has unveiled an efficiency plan expected to lead to savings of one billion dollars over three years. The plan will lead to the cutting of between 3,000 and 5,000 jobs.

The Newman brothers increase their stake in the B-Good fashion chain to 34% at a valuation of 250 million shekels
Businessmen Even and Ricky Newman have acquired an additional 10% stake in the B-Good fashion chain, bringing their total holding to 34% at a company valuation of 250 million shekels.

Recall for a product found in almost every Israeli home: "Stop using immediately"
The Ministry of Economy and Industry has issued a public warning following findings from an inspection of a portable emergency lighting product. According to the announcement, defects were found that could cause electrocution, overheating, and even fire, and the public is requested to stop using it immediately.

Soglowek Product Recall: Production Error
Soglowek has announced a voluntary recall of its 150g "French-style cervelat" due to a missing back label containing allergen and nutritional information. The affected barcode is 7290109581590.

Pazgaz employees take industrial action: "There will be no gas during the holidays"
Pazgaz employees have initiated industrial action, threatening to halt gas supplies during the holidays. The workers are protesting against restructuring plans and demanding improved employment conditions.

Important update from the National Insurance Institute: Check your eligibility for the education grant
The National Insurance Institute has begun sending letters and SMS messages to selected insured persons to verify eligibility for an education grant. Recipients must fill out a declaration, with the grant amount set at 1,204 shekels per child this year.

What happened in the crypto world today
A new proposal seeks to change Ethereum's economy and reduce rewards for validators, the scope of damage in the Coldcard wallet breach has already crossed the $100 million mark, and Jim Cramer plans to sell his Bitcoin due to concerns about quantum computers.

Huge drama at Maccabi: Recanati family sells half of its shares for $50 million
Following a wave of speculation regarding new investors, the Recanati family is selling half of its shares to businessman Jason Levien for $50 million. Shimon Mizrahi and other shareholders must now decide whether to exercise their right of first refusal. Meanwhile, Arik Shtilman has been sidelined once again.

Huge dividend in danger: Partner bondholders oppose unusual distribution attempt
Partner bondholders, led by More Investment House and Kesem Mutual Funds, have opposed the company's request to approve an unusual 500 million NIS dividend distribution. Meanwhile, More led opposition to a request by Nofar Energy, resulting in the early redemption of two bond series.

Playtika returns to profit, but warns of weakness later in the year
The Israeli gaming company recorded revenue of $731.1 million and a net profit of $48 million. Disney Solitaire continued to grow rapidly, but the number of users declined, and the company estimates it will finish the year at the lower end of its forecast. The stock is falling.

Investment expert with an intriguing forecast: "Bitcoin will skyrocket to one million dollars"
While major tech companies continue to inject hundreds of billions of dollars into artificial intelligence infrastructure, Arthur Hayes, one of the founders of the crypto exchange BitMEX, presents an unusual warning scenario for investors.

Machsanei Hashmal chain launches Apple product sale with up to 70% discount until August 10
The Machsanei Hashmal chain is holding a major surplus sale of Apple products in Eilat. Customers can purchase MacBook computers, iPhones, iPads, and Apple Watches at special liquidation prices excluding VAT.

Crypto Daily: Bitcoin continues to rise, Ethereum soars
The positive trend in markets has extended to cryptocurrencies: Bitcoin is up 0.82% to $64,610.2, with a market capitalization of $1.30 trillion.

Tax Authority Revolutionizes Customs: "Strengthening Enforcement and Inspection"
At a festive ceremony, the cornerstone was laid for an advanced facility that will upgrade security enforcement and inspection capabilities at the Port of Ashdod. Which senior officials from the Authority attended the event and when is construction expected to be completed?

Hot Mobile CEO Ilan Brok to Step Down Following Acquisition
After seven years as CEO of Hot Mobile, Ilan Brok has announced his resignation. He will remain in his role until the sale of the company to Delek Israel, Keystone, and Bank Leumi is finalized. During his tenure, the company surpassed 2 million subscribers and achieved significant growth in revenue and profitability.

Nova beats revenue and profit forecasts on Wall Street: "Continued growth in market share"
Record results for Nova in the second quarter: it beat market revenue and profit forecasts, presented an optimistic outlook for the next quarter, and the stock is reacting with gains in pre-market trading on Wall Street. CEO: "Achievements derived from expanding market share and deepening collaborations."

Contractor demands contract renegotiation: How to protect your apartment rights
Construction costs have surged by 20%, stalling urban renewal projects in Israel. Before signing any documents under pressure, follow these professional negotiation rules from real estate appraiser Shmulik Cohen.

Israeli chip company drops after earnings report: here is the reason
The measurement equipment manufacturer from Rehovot recorded record revenue and profit, beat analyst forecasts, and presented a forecast suggesting continued growth — but investors were still disappointed. What is behind the numbers?

The Tel Aviv tech company that bypassed Israeli banks on the way to America
While Israel's largest banks are examining a change in accounting standards to trade on Wall Street, Nayax is ahead of them, establishing an independent American banking arm that will offer credit solutions and working capital financing. The move is intended to reduce dependence on external entities in the US market, which accounts for about 40% of the company's revenues, and to deepen services...

After two months of purchases: Bank of Israel did not intervene in the forex market in July
The dollar fluctuated around 3 shekels over the past month. In May and June, the Bank of Israel intervened following the strengthening of the shekel, but in July, the Israeli currency weakened.