Economy

Syria's sovereign wealth fund, established by President Ahmed al-Sharaa, manages billions in confiscated assets and foreign deals. Despite driving economic reconstruction, it faces transparency concerns.

Pango CEO Yonatan Alon discusses the company's evolution from a parking app into a multi-service mobility super-app, detailing subscription models, travel tech, and future acquisition plans.

Teva announced US FDA approval for WELTRUZA, a once-monthly extended-release injectable treatment for adults with schizophrenia, boosting its shares in pre-market New York trading.

American health-focused restaurant chain True Food Kitchen filed for Chapter 11 bankruptcy, closing 12 unprofitable branches while securing $20 million in emergency DIP financing.

Delta Air Lines missed profit estimates and lowered its 2026 outlook due to high jet fuel costs, but CEO Ed Bastian reported robust consumer demand and rising ticket prices.

Bank Leumi CEO Hanan Friedman engaged with users on X to gather feedback, announcing upcoming crypto trading services and responding to customer complaints about fees and service.

Danish biogas leader Lundsby Renewable Solutions has filed for bankruptcy following heavy losses on a Finnish project, accumulating a 70 million crown deficit.

Carasso Motors' freesbe brand achieves a record-breaking launch for Chery in Austria, with 882 vehicles on the road since June 2026 and robust monthly growth.

Keystone Infrastructure Fund announced a quarterly dividend of NIS 25 million for shareholders, bringing total payouts since its IPO to approximately NIS 336 million.

Airtel Money launches its London Stock Exchange debut, raising 529 million pounds in the largest IPO in London since 2021, giving the fintech giant a 5.3 billion pound valuation.

Ferrero Israel launches the new Minecraft edition of Kinder Joy in supermarkets nationwide, combining iconic gaming characters with digital QR experiences.

Israel's economy sees massive shifts as a 4.5 billion shekel energy deal advances, tech firm OpenWeb faces a 177.5 million shekel debt crisis, and retail giants slash smartphone prices.

Tower Advanced Investment Solutions, part of Migdal Capital Markets, has appointed Nissim Boganim as CEO to spearhead its expansion and entry into new financial sectors.

At 90 years old, Migdal controlling shareholder Shlomo Eliahu has taken over as temporary CEO of Migdal Holdings, stepping into the role amid ongoing managerial turbulence and regulatory scrutiny.

Starbucks is reportedly exploring an acquisition of Chipotle, reconnecting CEO Brian Niccol with his former brand. While both chains expand in the Middle East, neither operates physical stores in Israel, decades after Starbucks' failed local venture.

OpenAI's annual revenue is roughly 20 billion dollars lower than previously reported, reaching close to 50 billion dollars in September. The discrepancy stems from different calculation methods compared to rival Anthropic.

Aluma Fund deepens its partnership with Discount Capital through an 81 million shekel investment in Alumnergy and a direct stake in the fund, boosting the energy platform's growth.

Terminal X has cancelled its acquisition of a controlling stake in design retailer Soho due to negotiation gaps, halting its planned expansion into home decor goods.

Terminal X has cancelled its 11 million shekel deal to acquire a controlling stake in the Soho retail chain following unresolvable gaps during negotiations.

Amos Luzon is negotiating a $6.4 million acquisition of Kohan Properties from Netanel Lorenzi, who recently seized the shares following a default by Michael Kohan. The deal echoes Luzon's past takeover of Dori Construction.

Investment firm Ariel Investments is urging toymaker Mattel to explore strategic alternatives, including a potential sale, following the departure of Israeli CEO Ynon Kreiz.

Israeli fintech startup HoneyBook is laying off 14% of its workforce, affecting around 30 to 35 employees, mostly in Israel, as part of an AI-driven reorganization.

Five years after Kenny Rosenberg rescued El Al from collapse during the pandemic, his family's investment has surged 6.6 times to $1.5 billion. Amid reduced foreign competition, the airline achieved a massive financial turnaround, though rising ticket prices spark consumer debates.

The deadline for 1,100 Dan public transport members to sell their shares in a 2.8 billion shekel valuation deal has been extended amid low initial turnout and complex tax considerations.

Alfi Bendak Portfolio Management appointed Liron Avraham, a senior tech executive formerly with Outbrain and Teads, as an external director to oversee the firm's governance.

Migdal Holdings announces that owner Shlomo Eliyahu will temporarily serve as CEO following Yossi Ben Baruch's departure. The firm approaches a 20 billion shekel market valuation.

CAL reports 200,000 users for its FlyAll club and introduces a $150 retention bonus, intensifying competition against El Al's Fly Card and Isracard.

Rotem Iram, CEO of cyber insurance startup At Bay, discusses the company's acquisition by Munich Re for 575 million dollars, navigating the post-bubble tech downturn, and his decision to return to Israel.

Horizon Capital Markets is merging with the Tel Aviv Stock Exchange cash shell Blue Wave in a deal valuing the investment house at approximately 40 million NIS.

Amazon confirmed a new round of targeted layoffs affecting under 1,000 corporate employees in its stores division, coinciding with the Prime Big Deal Days shopping event.

Samsung Electronics projects Q3 operating profits to exceed 100 trillion won, driven by soaring AI chip demand and setting a historic global tech record.

Yishpro and Tnuport are joining forces with Med-1 to build an 18-megawatt data center in Beit Lid with an 800 million shekel investment, expanding into digital infrastructure.

ROOMS, the Fattal Group's coworking network, is opening its 15th branch at Ramat Gan's Elite Tower with a 24 million shekel investment, spanning the 26th-28th floors.

A 140 million shekel class-action lawsuit was filed against EAPC in Beersheba over severe air pollution and fuel odors affecting Eilat residents.

Ondas announced over $165 million in new defense orders, bringing its total bookings since June 30 to over $270 million, driven by strong demand for autonomous systems.

Arkia CEO Oz Berlovitz revealed that a $1,200 economy ticket to New York leaves airlines with virtually zero profit amid soaring fuel costs, relying instead on business class and cargo.

Gilat Telecom plans to buy back up to 7 million shekels of its shares following a profit surge. The company cites strong cash flow and undervaluing of its stock.

Three years after October 7, Israeli venture capitalist Dudi Francès of Group 11 announced a term sheet for a $1B funding round, honoring founders who fought in the war.

Amazon faces a class-action lawsuit in Israel as a local pet supplies firm accuses the tech giant of secretly overcharging advertisers, causing tens of millions of shekels in damages.