Economy

Amidst intensifying competition in the corporate benefits market, Ten Bis is launching a new card offering cashback and discounts, expanding beyond lunch breaks. CEO Tomer Peper discusses the company's strategy and comments on rivals Wolt and Cibus in an interview with Globes.

In the first phase, checkout counters will be removed from ten branches, starting with Ramat HaHayal. These will be replaced by 'Mizrah-Ma'arav' departments. CEO Hagai Shalom stated that customers will scan and pay for their items independently at terminals.

Not every debt leads to bankruptcy. Learn whether it is possible to save a business in distress and how the debt settlement process works.

Big has completed the sale of its 80% stake in the Legends at Sparks Marina shopping center in Nevada for $82 million. Following this transaction, the company retains only one remaining property in the US, which it also intends to divest.

Kat Friday, a New York fintech employee, has turned the clothing rental app Pickle into a thriving business. Just eight months after starting, she earns about $7,000 a month, rents a warehouse, and is looking to hire her first employee.

Hamilton, the importer of Xiaomi in Israel, is opening a new store at the HaZahav Mall in Rishon LeZion, offering limited-time mega-promotions. Customers can purchase gadgets for 10 shekels and enjoy discounts of up to 55% on televisions and vacuums.

Massivit is strengthening its position in the security and aviation sectors by appointing Nir Salomon as Head of Global Business Development, following the opening of a service center in Barcelona.

A resurgence in the housing credit market: Bank of Israel data reveals the distribution of financing rates and the risk levels taken on by borrowers. Additionally, the data highlights how many Israelis are allocating up to 40% of their monthly income to mortgage payments.

The "Rami Levy Shivuk Hashikma" chain is launching new promotions in its branches and on its website, which will be valid until August 8, 2026. From olive oil and coffee to personal care and laundry products – how much will the sought-after products cost you? | All the details

The calm in the geopolitical arena, the drop in oil prices, and expectations for continued accommodative interest rate policy in the USA are bringing investors back to risk assets and providing a tailwind to the crypto market.

The 'Eretz Nehederet' star has been chosen to front the 'Big Apartment Tender' campaign for the Prashkovsky Group. The campaign, backed by an investment of approximately 15 million shekels, encourages the public to set their own apartment prices.

Mass layoffs in Israel's high-tech sector, driven by AI integration and economic instability, are shattering the 'psychological contract' between employees and the industry, leading to a deep identity crisis.

The Board of Directors of Israel Railways has decided that Avshalom Elmalich will serve as acting CEO. Elmalich, currently the VP of Planning and Operations, previously held the role until taking medical leave earlier this year.

Prime Energy has signed a binding framework agreement with Delek Israel to build energy storage facilities and data centers at 60 gas stations across the country. How much does the company plan to invest, what profits are expected, and is this just the beginning?

The retail chain is expanding its presence in Rishon LeZion with a second large-scale branch located in the Protea shopping and entertainment complex. The store will operate on weekends and holidays, offering a wide range of products and special launch promotions.

The bank has initiated a private securitization deal backed by its mortgage portfolio, which received a high international rating. These strategic moves have brought the bank's managed mortgage portfolio to approximately 18 billion shekels.

The leading car company is upgrading its entire network with an investment of approximately 2 million shekels, introducing a new design language across its 15 branches nationwide, starting with the new Ashdod location.

The investment bank Value Base has filed an 11 million shekel lawsuit against real estate firm Aya New York, alleging failure to pay agreed-upon offering commissions. The company denies the claims and is seeking compensation for damages.

The veteran pharmaceutical company Trima, founded 85 years ago, is shutting down its production operations. The company had been reporting annual losses of 10-20 million shekels.

The income-producing real estate company plans a full exit from operations in the USA. It is selling the asset in Nevada at a price higher than the book value and plans to sell the last asset in Pennsylvania. In addition, the company also sold its holdings in the subsidiaries in France.

The trading week in Tel Aviv opens with an 'English opening' expectation due to chip stock declines on Wall Street. Global markets are reacting to Iran's signals of de-escalation, leading to a 5% drop in oil prices.

Ofer Yanai, controlling shareholder of Nofar Energy, is set to increase the company's stake in Ellomay Capital from 46% to 71%. The deal is valued at approximately 250 million shekels.

Following reports at the end of the week, the controlling shareholder continues to increase its stake, purchasing another 190,000 shares for 7 million shekels. Total investment since the end of the week has reached 15 million shekels.

Dual-listed stocks return with a sharp negative gap, led by Tower and Camtek. This week: Fed interest rate decision, Microsoft, Meta and Apple reports, as well as Teva and Check Point. What do you need to know?

In a new weekly review, the Meitav investment house has raised its 12-month inflation forecast to 2.1% due to rising fuel prices. Experts also warn of financial risks stemming from a surge in business credit.

The Swiss bank estimates that Europe will continue to face inflation and energy pressures, but identifies potential in stocks and bonds, and estimates that Trump's tariffs will not lead to another sharp spike in the cost of living.

The European Central Bank has kept interest rates at 2.25% despite rising energy prices, citing concerns over a potential deep recession in the eurozone. The decision carries significant implications for global and Israeli capital markets.

Recipients of long-term benefits will receive their funds on Tuesday, including disability, long-term care, and survivor benefits. Simultaneously, the National Insurance Institute has announced a 100% waiver on interest and linkage for employers settling debts.

The leading retail chain is offering special prices at its Bnei Brak branch ahead of the new school year, alongside significant discounts on sought-after electrical appliances, mobility scooters, portable air conditioners, and a cordless vacuum-mop from Roborock.

Trading in Tel Aviv opened with mixed results as dual-listed chip stocks declined due to arbitrage gaps, while the financial and real estate sectors traded higher amid global market optimism.

At the start of the week, amid expectations for the Fed's interest rate decision, the dollar is retreating in both global and local markets. The dollar is down 0.2% against the shekel, trading below 3.05.

The lottery has concluded, and soon nearly two thousand reservists will receive notification that their apartment is on the way. How much will an apartment cost in Yehud versus Rishon, where are the lowest prices, and who is set to become a millionaire?

Real estate investment fund Marathon is finalizing a 750 million shekel raise for its second investment fund. Originally targeting 600 million shekels, the fund increased the amount due to strong investor demand.

Mega Or has purchased a 15.6-dunam plot from Schnapp's subsidiary, Keslev, for 95 million shekels. The acquisition will expand the company's planned large-scale data center campus in Hadera.

Oil prices fell sharply after Iran announced a suspension of attacks, provided the US maintains a cessation of hostilities. Meanwhile, investors are bracing for the Fed's interest rate decision and a busy week of earnings reports.

Promotional campaigns like "Apartment as a Gift," digital tenders, and deep discounts are being used by developers to combat housing market stagnation. However, buyers remain cautious, and banks are scrutinizing deals under a microscope, refusing to recognize "on-paper" sales.

Due to the rising valuation and revenue requirements for issuers on Wall Street, Jefferies recommends that Israeli tech companies begin their public life in Tel Aviv, and later register overseas.

Local refining companies have faced a challenging year marked by operational disruptions and the impacts of war. Despite these hurdles, a sharp surge in refining margins has led to a doubling of the value of Bazan and BAZA shares year-to-date, providing significant returns for shareholders.

The collaboration between Israeli insurance companies and global asset management giants like BlackRock, Fidelity, and State Street has faced headwinds. Assets in these savings policies have dropped from a peak of 4 billion shekels to less than 1.2 billion.

The Ackerstein Group is acquiring an 85% controlling interest in EcoWall from the Tidhar Group and other shareholders. The deal is valued at 47 million shekels, with EcoWall's total valuation at 55 million shekels.