Economy

BLenergy, the energy division of the Blilius family, has secured Clal Insurance as a strategic partner. The 250 million shekel investment will focus on expanding energy storage projects across Europe.

The Ministry of Construction has concluded a decade-long era of housing lotteries with new criteria. Draft evaders are now barred from participation, while the policy shifts focus toward the periphery, increasing quotas for IDF reservists.

The "Bye-Tech" event brings together former high-tech employees who traded high salaries for careers in social work, education, and agriculture, seeking to find greater meaning in their professional lives.

The inclusion of rocket engine manufacturer Tomer in IPO discussions alongside Rafael and IAI reflects the urgent pressure on defense industries to expand production capacity to meet the demands of prolonged warfare.

Prime Energy has signed a framework agreement with Delek Nasim to build server farms at gas stations. This strategy allows the company to bypass power grid connection bottlenecks and pursue an ambitious expansion plan despite recent regulatory restrictions.

Criminal incidents at Japanica branches have coincided with a peak in investment interest in the Israeli restaurant sector. Experts are debating whether market fears are justified and if the growth potential remains for other chains preparing for IPOs.

A 185 sqm duplex-penthouse in Jerusalem's "Mishkenot HaUma" project has been sold for 12.25 million shekels. This transaction marks the highest price ever recorded in the complex.

A wave of layoffs has hit the Israeli high-tech sector, affecting over 10,000 employees this year. Experts provide essential advice on how to manage stock options to avoid tax pitfalls and financial losses.

Starting today, Israel joins 140 countries in requiring graphic health warnings covering 75% of tobacco packaging to deter smoking and raise awareness of its health risks.

Israel's largest pharmacy chain is launching a wave of price cuts and promotions on a variety of popular toiletries, hygiene, grooming, and cleaning products, offering uniform pricing alongside significant discounts on leading brands.

CBS data show that despite the increase in housing starts, the pace of construction in Israel is still lower than the government's targets. How many apartments are built per year and why should this figure increase in the coming year?

Ahead of the fuel price hike at midnight, the Yisrael Beiteinu chairman criticized the government, claiming it has chosen not to intervene in the rising costs. According to him, during his tenure as Minister of Finance, measures were taken to prevent such price increases.

Trading data for leading digital currencies indicates a mixed trend for the week. While Bitcoin is losing ground and trading around $63,800, Ethereum and Binance are showing a recovery.

After a period in second place, Miriam Adelson records an impressive jump in her wealth and returns to first place at the expense of Eyal Ofer. While Idan Ofer records losses, the Bukhman brothers maintain stability in fourth place.

Super Sapir, Netto Hisachon, Pharm Plus, convenience stores, and even Dubai perfumes – the Sapir Group, led by Oren and Avinoam Sapir, reveals a large-scale expansion plan with dozens of new branches across the country. At the same time, it aims for a sales turnover of 3.5 billion shekels and an IPO by 2028.

The crypto market is experiencing a negative trend, as Bitcoin fell by 0.66%, its market cap totals 1.26 trillion dollars and it is trading at 62,801.9 dollars.

Partner has been selected by the Electra group to build and operate the communications infrastructure for the Gush Dan congestion charge project, set to launch in 2028. The company estimates that the agreement will generate tens of millions of shekels in revenue over the two-decade operating period.

A Wall Street Journal investigation reveals that viral videos showcasing massive winnings on Polymarket are staged. The company paid students to execute dummy transactions on fake websites to attract users.

A direct-to-consumer retail model is gaining traction in Israel via WhatsApp purchasing groups. Consumers get fresh produce without retail markups, while farmers retain up to 40% of revenue previously lost to intermediaries.

Overlapping private health insurance and HMO policies lead to unnecessary expenses. A family of four can save approximately 4,008 shekels annually by optimizing their coverage structure.

Arbex, the new international company formed by the strategic partnership of Kimberly-Clark and Suzano, has officially launched in Israel. Liat Kedar-Feigin has been appointed as the CEO for the local market.

Federal Reserve Chairman Kevin Warsh is considering reducing the number of FOMC meetings where monetary policy is determined. This move would mark a significant shift in the bank's management and transparency.

The US and Japan took coordinated action to support the yen, strengthening the Japanese currency by over 1%. This marks the first joint intervention by Washington and Tokyo in nearly 30 years.

The AI-focused hedge fund Situational Awareness, managed by 25-year-old Leopold Aschenbrenner, has collapsed. Assets under management plummeted from $45 billion to approximately $10 billion.

British Petroleum (BP) is putting its North Sea business up for sale, ending 60 years of oil production in the region. The decision is part of the company's strategy to downsize and focus its investment portfolio.

With the project's completion in two years, the young couple will receive a 4-room apartment with an 80 sq. m MAMAD (protected space) and a balcony. The broker estimates that the 1.58 million shekel deal reflects the current buyer-friendly market. Plus more real estate deals from the last week.

Almost three years after the outbreak of the war, many farmers are still waiting for compensation. The ReGrow organization has raised 6.5 million dollars, is assisting 46 farms, and is promoting the planting of over 268,000 trees and vines in 21 settlements in the north.

The success of "The Odyssey" will bring Syncopy over $130 million, proving the effectiveness of the new business model developed by Christopher Nolan and Emma Thomas. The director has transformed blockbuster production into a lean, highly efficient process that eliminates personal financial risk.

The apartment-moving season is in full swing, rent is rising, and apartment landlords need to check whether they must report to the Tax Authority on rental income and, if so, which track to choose. Globes has compiled for you all the questions, options, and relevant data.

ExxonMobil and Chevron, the two largest US oil companies, reported massive second-quarter profits following a surge in global oil prices driven by the war between the US and Iran.

The price of a McDonald's Big Mac in Israel rose from 20 to 23 shekels at the start of the year, which, combined with the strengthening of the shekel, pushed the country to second place in The Economist's index. However, the ranking reflects currency fluctuations and corporate pricing rather than just the overall cost of living.

The G City deal is on the verge of collapse as trust between Chaim Katzman and Tzahi Abu deteriorates rapidly. The parties are in conflict over management control, corporate strategy, and planned executive salary cuts.

The Tel Aviv Stock Exchange closed its doors today with impressive gains in the two flagship indices. Wisur Globaltech is the big winner of the day while Opko Health is on the other side of today's losers.

The engine component manufacturer that worked with NASA, Airbus, and Boeing has fallen into crisis following the cancellation of major contracts. The company is seeking creditor protection in hopes of continuing operations.

Singer Shimi Tavori is launching his own food brand, "Shimi Tavori's Jachnun." The project, distributed in partnership with the giant "Diplomat," aims to provide the artist with financial stability.

Wall Street futures point to a recovery led by Amazon and Microsoft earnings. South Korea's KOSPI index recorded a historic 17.9% surge.

Udi Netzer, a veteran venture investor, faces significant losses in the housing market. After buying a Tel Aviv apartment for 6.7 million shekels, he realized that canceling the deal and losing 540,000 shekels is more rational than proceeding with the purchase.

Energy giant Shell is selling its 35% stake in the Aphrodite gas field in Cyprus to the Hungarian energy company MOL Group. The deal is valued at up to $720 million.

British retail chain Sainsbury's has announced the sale of Argos for 120 million pounds as part of a strategic shift to focus on its core supermarket business. The deal, expected to close in February, follows the 2016 acquisition of the brand for 1.4 billion pounds.

The energy company Shell is leaving the Aphrodite gas reservoir and selling its holdings to the MOL Group in a deal that reflects a valuation of over two billion dollars for the reservoir. All gas produced is intended for export to Egypt.