Economy

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.

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.

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.

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.

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.

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"
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.

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.

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
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%.

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
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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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
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.

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.

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.

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."

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.

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.

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.

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."

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
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
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
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
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.

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...

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.

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.

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?