Idan Ofer celebrates profits, and Donald Trump bets on new stocks
Hot Mobile is sold for 1.8 billion shekels, the Bezeq chairman gives an interview, and the Bank of Israel reveals what is driving the dollar. The top economic news of the week on ice.
An explosion in the Israeli communications market: Hot Mobile is sold at a valuation of 1.8 billion shekels. The Competition Authority has given the green light to the sale, and only one regulatory hurdle remains before the deal closes. The new owners promise a revolution, though it remains to be seen how much of this will reach the subscribers' pockets.
Bezeq chairman in an interview with ice: "The dividend will not take a hit. If anything, it will rise." Bezeq concluded an especially strong second quarter: fiber deployment crossed the 3 million household threshold, yes recorded a profit for the second consecutive quarter, and Pelephone grew despite the war's impact on roaming revenues. The group's leadership explains why shareholder distributions will continue to grow and why they are not intimidated by Starlink.
Idan Ofer celebrates: ICL reports a 3-year profit record. The mineral giant, one of the largest stocks on the Tel Aviv Stock Exchange, is closing a strong quarter and announcing a growth-focused reorganization and an efficiency program worth over 350 million dollars.
Jeff Bezos is conducting a massive divestment: the Amazon founder is selling 15 million shares worth 4 billion dollars just as the company crosses a 3 trillion dollar valuation for the first time. Is this an expression of distrust from the person who knows the company best, or just market noise?
Bank of Israel reveals what is moving the dollar. The bank's report shows an unusual phenomenon in the second quarter: while the US currency strengthened against major currencies, it actually weakened against the shekel. Behind this move is a massive wave of sales by institutional bodies—the same entities that manage your savings.
Donald Trump has added new stocks to his portfolio. The US administration is acquiring stakes in chip, steel, nuclear energy, and rare metal companies. The president is not hesitant to publicly announce his bets, prompting investors, including those in Israel, to pay close attention to these sectors.
