Assaf Rappaport and Eyal Waldman bring billions to the state: weekly economic review

Teva: On the road to S&P 500

Teva has announced a transition to a direct listing of its shares in New York. While primarily a technical move, it opens the door for the company to join the world's most popular index, attracting foreign investors who are mandated to purchase the stock regardless of performance.

Fed holds rates steady

The US Federal Reserve has kept interest rates unchanged, though the new chairman has signaled that further hikes remain a possibility. Meanwhile, the Bank of Israel is forecasting two additional rate cuts, creating a policy gap that directly impacts the pockets of Israeli consumers.

Ofer Yanai in financial turmoil

The Securities Authority claims that Nofar Energy violated financial covenants for two consecutive quarters. Discrepancies in debt calculations have been exposed, forcing the businessman to take exceptional measures to stabilize the company.

Tax windfalls from tech exits

Shay Aharonovich, head of the Tax Authority, has revealed for the first time how major deals from Israeli tech firms, including exits by Assaf Rappaport and Eyal Waldman, have contributed tens of billions of shekels to the state treasury, bolstering Israel's economic stability.

Mergers and Acquisitions

• Cyera and Oasis: Cyera, one of the world's fastest-growing software companies, is acquiring Oasis Security for $1 billion.

• Public Transport: Metropoline is in advanced negotiations to acquire its competitor, Tnufa, in a deal reportedly valued at approximately 100 million shekels. Simultaneously, Tnufa is facing a warning strike by over 400 drivers protesting maintenance issues and wage uncertainty.

• CAL Sale: The sale of CAL to Harel and George Horesh is nearing completion following the First International Bank's divestment. This move is expected to increase competition in the credit market, potentially benefiting consumers.