Economy

Aug 30, 2026
Senior investor warns high-tech entrepreneurs: Do not incorporate in Israel
Business

Senior investor warns high-tech entrepreneurs: Do not incorporate in Israel

Senior venture capital investor Oren Zeev criticizes the trend of incorporating startups in Israel, warning that choosing the US (Delaware) over Israel can save founders millions in taxes and avoid critical regulatory risks.

18:55Globes
At 96, Warren Buffett continues to influence Berkshire Hathaway's investment strategy
Business

At 96, Warren Buffett continues to influence Berkshire Hathaway's investment strategy

Warren Buffett celebrates his 96th birthday while remaining Chairman of Berkshire Hathaway after passing the CEO role to Greg Abel. We analyzed the company's performance over the past year, portfolio changes, and the legendary investor's ongoing role in key decision-making.

18:50ICE
The battle for pension funds: The Insurance Agents Chamber threatens a lawsuit against FINQ
Business

The battle for pension funds: The Insurance Agents Chamber threatens a lawsuit against FINQ

Following an advertising campaign claiming that agents' recommendations are influenced by commissions, the Chamber has filed a sharp demand to the Capital Markets Authority and the insurance agency. All the details on the conflict shaking the market.

17:24Now14
From panic to opportunity: how software company reports changed the narrative on AI
Business

From panic to opportunity: how software company reports changed the narrative on AI

Four software companies from different fields published their financial reports last week: Salesforce, CrowdStrike, Okta, and Elastic. All four presented excellent reports but, more importantly, proved that AI is less of a threat to the software sector and more of a potential for unprecedented growth.

16:49Globes
Difficulties and Compromise: The Project for Senior Lawyers Will Operate in a Reduced Format
Business

Difficulties and Compromise: The Project for Senior Lawyers Will Operate in a Reduced Format

Partners, a company offering office services to independent lawyers that recently encountered difficulties, received the green light from Sela Capital to be released from its lease agreement. Partners will vacate floors 34-35 in the HaArba'a Towers in Tel Aviv by tomorrow and will continue to operate in a reduced format in the Museum Towers.

16:47Globes
The dollar eroded Rafael's profitability. CEO: "The state must intervene in the foreign exchange market"
Business

The dollar eroded Rafael's profitability. CEO: "The state must intervene in the foreign exchange market"

Rafael concludes a strong quarter with a 39% jump in new orders to 6.9 billion shekels and 20% growth in sales to 5.6 billion shekels. More than 60% of orders in the first half came from exports, and against the backdrop of the strengthening shekel, CEO Yoav Turgeman warns of damage to profitability and competitiveness: "State intervention is required."

Rafael CEO on payment delays from the state: "We receive empathy from the Treasury, but no solutions"
Business

Rafael CEO on payment delays from the state: "We receive empathy from the Treasury, but no solutions"

Rafael CEO Yoav Turgeman is criticizing the Ministry of Finance over state payment delays to defense firms. The Ministry of Defense currently owes 15.5 billion shekels to major defense contractors.

16:21ICE
Rafael reports record-breaking results: The largest deal in its history revealed
Business

Rafael reports record-breaking results: The largest deal in its history revealed

The defense technology company concludes the second quarter of 2026 with a double-digit jump in sales and orders, marking an unprecedented milestone with the Navy.

16:16Globes
120,000 shekels a month: all the details on the new pancreatic cancer drug
Business

120,000 shekels a month: all the details on the new pancreatic cancer drug

Revolution's stock soared after the US Food and Drug Administration (FDA) approved its revolutionary drug. Will the drug reach Israel, how much will it cost, what will insurance companies do, and what competing products are on the market? Here are the answers.

Production line repair cut Karur's sales — financing income boosted the bottom line
Business

Production line repair cut Karur's sales — financing income boosted the bottom line

The timing of the Passover holiday and a delay in replacing a production line hurt the revenues of the Karur company, which closed the second quarter with a decrease in revenue. However, an increase in financing income allowed the company to boost its net profit by 69%.

15:42ICE
Renowned aesthetic brand 'American Laser' to cease operations
Business

Renowned aesthetic brand 'American Laser' to cease operations

Following debts exceeding 110 million shekels and failed rehabilitation efforts, the 'American Laser' brand will be fully absorbed by the 'Care' chain. Investments of tens of millions of shekels failed to restore public trust.

Following CFO's resignation: Tomer Mazon will not publish financial report on time
Business

Following CFO's resignation: Tomer Mazon will not publish financial report on time

Tomer Mazon announced that it will miss the August 31 deadline for publishing its second-quarter and first-half financial reports. The delay follows an ongoing audit regarding inventory discrepancies and the sudden resignation of the incoming CFO.

15:03ICE
Yitzhak Tshuva reshuffles Isracard leadership: new CTO appointed
Business

Yitzhak Tshuva reshuffles Isracard leadership: new CTO appointed

Following the acquisition of the credit company by billionaire Yitzhak Tshuva, Guy Ram has been appointed as the new CTO, bringing 20 years of experience in managing complex technological systems.

15:03ICE
Rami Levy opens a huge branch in Israel tomorrow: the chain's crazy promotion returns
Business

Rami Levy opens a huge branch in Israel tomorrow: the chain's crazy promotion returns

The second flagship branch of the stock chain is launching tomorrow in a new location, and to mark the event, the exclusive offer that allows buying an electric car for less than 100 thousand shekels only is returning.

15:02ICE
Omer Adam makes a stunning economic move: he will earn millions after his wedding to Sasha
Business

Omer Adam makes a stunning economic move: he will earn millions after his wedding to Sasha

Omer Adam, one of the producers of the "Next" show, announces the opening of new performances after all tickets for the previous shows were sold out.

14:21ICE
Not just chocolate: the secret message appearing on Pesek Zman packaging
Business

Not just chocolate: the secret message appearing on Pesek Zman packaging

Ahead of Breast Cancer Awareness Month, the company is launching a special edition of the iconic brand that will lead consumers to a personal risk questionnaire and donate part of the proceeds to saving lives.

14:20Ynet
From flyer distribution to a 120 million shekel empire: The success story of David Galperin
Business

From flyer distribution to a 120 million shekel empire: The success story of David Galperin

David Galperin discovered in his childhood that keeping promises is the key to big business. The teenager who distributed flyers at night now leads the Gil Group, employing over 80 people. In an interview, he recalls his journey from yeshiva studies to building a media powerhouse with an annual turnover of 120 million shekels.

13:04ICE
Tiv Taam Stock: Analysts Forecast 33% Upside
Business

Tiv Taam Stock: Analysts Forecast 33% Upside

According to an IBI investment house report, Tiv Taam recorded 555.8 million shekels in revenue for Q2 2026 and growth in same-store sales, defying broader challenges in the food retail sector.

13:03ICE
Israel Railways Announces Schedule Changes and Increased Frequency
Business

Israel Railways Announces Schedule Changes and Increased Frequency

Israel Railways is updating its schedule starting September 4, 2026, adjusting weekend operating hours and increasing train frequency at several central stations to reduce congestion.

13:03ICE
Breaking records on the stock exchange: The dramatic move by El Al
Business

Breaking records on the stock exchange: The dramatic move by El Al

The airline, which is traded at a value of approximately 9 billion shekels, is joining a dedicated program of the Tel Aviv Stock Exchange with the goal of attracting foreign investors and increasing trading volumes, with the move set to begin this week.

13:03ICE
Av-Gad's cash flow is negative. The company: "We have no liquidity problems"
Business

Av-Gad's cash flow is negative. The company: "We have no liquidity problems"

After bringing Barak Finance into its structure, the company is looking for partners and may bring in institutional investors. The board of directors determined that despite the negative cash flow, there are no liquidity problems. The company published its reports for the second quarter, which show that the company sold 32 apartments in the quarter, compared to 10 in the previous quarter.

11:42ICE
After the stock crash: tourism giant Issta sees 315% profit jump
Business

After the stock crash: tourism giant Issta sees 315% profit jump

Despite the turmoil experienced by Issta's stock over the last half year, the company's reports for the second quarter of 2026 show strong results alongside a new record in equity.

11:42ICE
Rami Levy shakes up the market: The electric vehicle returns at an unprecedented price
Business

Rami Levy shakes up the market: The electric vehicle returns at an unprecedented price

The Rami Levy Stock chain and the Delhum Motors group are bringing back the consumer hit that drove the country crazy, but this time the move is limited in time and quantity and will take place in only one location.

The storage industry enters the culling phase: financial resilience will determine who remains
Business

The storage industry enters the culling phase: financial resilience will determine who remains

For the first time, over 100 gigawatts of storage capacity were added to the global market in a single year. Amid resource scarcity and a shrinking pool of suppliers, project reliability is now paramount.

11:01ICE
Hachsharat HaYishuv's profit jumped more than two-fold
Business

Hachsharat HaYishuv's profit jumped more than two-fold

The company's revenues in the first half of 2026 increased by 10%, driven by rental income from the Nimrodi Tower in Bnei Brak and the expansion of logistics parks in Europe. Net profit surged by 118% to 141 million shekels.

10:18ICE
Four months after being sold: BUYME changes course with a surprising acquisition
Business

Four months after being sold: BUYME changes course with a surprising acquisition

The digital gift company is entering the world of customer clubs for the first time and is acquiring an advanced technological platform for managing employee benefits and welfare budgets, which will allow it to expand into new business areas.

09:49Ynet
Has Mitch Goldhar decided to sell Maccabi Tel Aviv? "It's a process that has begun"
Business

Has Mitch Goldhar decided to sell Maccabi Tel Aviv? "It's a process that has begun"

Sources in Israeli football and the Canadian business community claim that the owner of the 'yellows' is considering his future, but any potential sale will not be immediate: "It's not for nothing that he hasn't been coming to Israel for a long time."

09:36ICE
Shock following Adika's return: prices soared and the site will be closed on Saturday
Business

Shock following Adika's return: prices soared and the site will be closed on Saturday

The beloved fashion brand has returned to operations in an online-only format, but consumers were hit with a double shock following an unusual spike in prices and a surprising decision to block the site entirely during the Sabbath.

08:57ICE
Nvidia worries investors: The unusual figure in the chip giant's reports
Business

Nvidia worries investors: The unusual figure in the chip giant's reports

Despite a significant jump in revenue, the tech stock reacted with sharp declines in the latest reports. Experts reveal the investors' big fear and the new risk hovering over the AI market.

08:17Globes
Warren Buffett Celebrates 96th Birthday While Maintaining Daily Office Routine
Business

Warren Buffett Celebrates 96th Birthday While Maintaining Daily Office Routine

Warren Buffett, celebrating his birthday today, remains involved in investment decisions despite stepping down as CEO of Berkshire Hathaway earlier this year. Here is what has changed and how the market is responding.

07:45Walla
209 billion dollars for 25 years: details on the "largest oil deal in history"
Business

209 billion dollars for 25 years: details on the "largest oil deal in history"

Following Donald Trump's announcement, the figures behind the deal are revealed: 19 dollars from every barrel will flow into the local treasury. Interim President Delcy Rodriguez clarified: "The sovereignty remains with us."

07:40ICE
With an investment of 100,000 shekels: premium bag brand lands in an Israeli mall
Business

With an investment of 100,000 shekels: premium bag brand lands in an Israeli mall

After conquering the digital arena and achieving success in Europe, the knitted bag brand Boujee is entering the physical space with its first pop-up store at Ofer HaKanyon HaGadol in Petah Tikva with an investment of about 100,000 shekels.

After persistent service failures and a drivers' strike: Tnufa may lose routes
Business

After persistent service failures and a drivers' strike: Tnufa may lose routes

The Israeli Ministry of Transport is considering stripping the bus company Tnufa of its routes and revoking its operating license due to persistent service failures and a shortage of buses.

Phoenix attempts to realize controlling shares in Elron after Arieli failed to meet conditions
Business

Phoenix attempts to realize controlling shares in Elron after Arieli failed to meet conditions

The Arieli Group, the controlling shareholder of Elron, has breached loan covenants related to its acquisition of the company from Phoenix Investment House. Consequently, Phoenix has begun seeking buyers for the pledged shares.

Shapir will not acquire 5% of the Ashdod Oil Refinery from Paz
Business

Shapir will not acquire 5% of the Ashdod Oil Refinery from Paz

Shapir Engineering has declined its option to purchase a 4.99% stake in the Ashdod Oil Refinery from Paz. The decision follows regulatory hurdles and the company's failure to meet conditions regarding the sale of its natural gas distribution licenses.

Navitas' British partner for Falkland Islands drilling prepares for Tel Aviv listing
Business

Navitas' British partner for Falkland Islands drilling prepares for Tel Aviv listing

British firm Rockhopper Exploration, a partner in the Sea Lion project, is preparing for a Tel Aviv Stock Exchange listing. The company raised $200 million, with 40% of its shares already held by Israeli investors.

05:55Globes
The Sugat deal as a case study: "Data is a bonanza that can push competitors out"
Business

The Sugat deal as a case study: "Data is a bonanza that can push competitors out"

In recent years, another issue has entered the picture when examining a merger deal: who holds the customer data. A prominent example is the merger between Sugat and the data provider StoreNext, which fell through due to concerns that access to the information would harm competition. Tobi Harris, head of the Markets Department at the Competition Authority, explains in an interview with Globes why...

Aug 29, 2026
21:13ICE
Pharmaceutical giant goes bankrupt: Teva jumps at the opportunity, revolution on the way
Business

Pharmaceutical giant goes bankrupt: Teva jumps at the opportunity, revolution on the way

Biomedical company BioXcel has filed for bankruptcy protection. Pharma giant Teva is serving as the stalking horse bidder in the auction, on the way to a potential acquisition of revolutionary AI-based drugs.

20:34ICE
Adika suspends website operations on Shabbat at the request of singer Odia
Business

Adika suspends website operations on Shabbat at the request of singer Odia

The fashion chain has decided to halt its website's commercial activity during the Sabbath, honoring the values of brand ambassador and singer Odia Azulay, who observes the tradition.

20:00ICE
Ranking of Israel's wealthiest: Adelson loses billions, Idan Ofer surges
Business

Ranking of Israel's wealthiest: Adelson loses billions, Idan Ofer surges

The ranking of Israel's wealthiest has been published, bringing real drama to the top tier. Miriam Adelson takes a hard hit, losing about 3% of her personal wealth, while Idan Ofer earns over 100 million dollars. Eyal Ofer maintains the top spot despite losses, and what happened to the Federman family's money?

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