Rami Levy invests 225 million shekels, while Max to pay tens of millions in compensation

Key economic stories of the week: Rami Levy invests 225 million shekels in a new project, Max to compensate businesses, Victory's profits jump 150%, Moderna shares soar on Wall Street, plus Amos Luzon's deal, chaos at Ben Gurion Airport, and Itay Levi's real estate move.

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Rami Levy invests 225 million shekels, while Max to pay tens of millions in compensation
Photo: ICE / רמי לוי (צילום ארנון בוסאני, shutterstock)

Rami Levy is investing 225 million shekels in his next project. Rami Levy Real Estate continues to expand its footprint in shopping centers, having received two building permits for commercial hubs in Rosh HaAyin and Mishor Adumim, which will also feature residential towers.

After a 7-year legal battle that began in 2019, Max It Finance will pay 26.6 million shekels in compensation. A settlement agreement submitted to the District Court confirms that eligible businesses will receive automatic cash refunds of hundreds of shekels.

The Victory supermarket chain reported a 150% jump in net profit for the first half of 2026, driven by a new and surprising growth engine: the sale of iPhones and electrical appliances.

Moderna shares jumped by approximately 100% in pre-market trading on Wall Street. The surge follows positive results from the first advanced-stage trial of a personalized skin cancer vaccine, developed in partnership with Merck, which could represent a major medical breakthrough.

The Luzon Group has signed a memorandum of understanding to sell a 20% stake in "Luzon Energy Infrastructure" to an institutional investor for 223 million shekels. The deal values the company at approximately 4.4 billion shekels and remains subject to several conditions.

Thursday at Ben Gurion Airport turned into a nightmare for tens of thousands of passengers. Sudden sanctions completely dismantled the flight schedule, leaving Israel's main air gateway in a state of unprecedented chaos.

Singer Itay Levi has made a major real estate move in the old north of Tel Aviv. The transaction, revealed for the first time, has brought the value of his asset to approximately 20 million shekels.

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