Calcalist

27 years after selling his holdings, Haifa businessman Gad Zeevi is negotiating the acquisition of the Gadot group, a partner in the Port of Haifa, at a valuation of about $550 million.

The inter-ministerial committee led by Yossi Dayan has decided against changing Chevron's status in Israel's gas market. The move aims to maintain regulatory certainty and avoid forcing the energy giant to divest from its key assets.

Avi Eyal, co-founder of Entrée Capital, addressed the recent layoffs at Monday and the compensation request for its CEOs. He emphasized that these steps are essential for the company's survival in the AI era.

The government company TAA, the largest shareholder in the Dorad power plant, is challenging the Electricity Authority's decision to block the expansion of the facility by 670 megawatts.

TurboGen has been fined 550,000 NIS following an administrative enforcement agreement with the Israel Securities Authority. The penalty stems from misleading information regarding the company's order backlog reported in a June 2025 presentation.

Taboola reported its second-quarter 2026 results, showing improved profitability despite missing revenue forecasts. The company lowered its annual revenue outlook, causing shares to fall by 26%.

Aura is launching a marketing campaign with the 'Hever' club, offering discounts and 15:85 financing terms on 800 housing units across five projects to boost sales after a slow first half of 2026.

The Competition Authority has approved the sale of Hot Mobile. The deal now awaits final approval from the Ministry of Communications, which is currently reviewing the merger.

In the second quarter of 2026, Delta Galil received a $33 million customs refund from US authorities. This event, combined with sales growth, led to record gross profitability for the company.

Twelve investors have filed a lawsuit against Daniela and Nadav Nevo, owners of the tourism venture Danuki Investments. The plaintiffs allege fraud and illegal capital raising without a prospectus.

Electra, through its subsidiary Electra Afikim, has acquired a 51% controlling stake in the transport company Metaylei Lahav. The deal values Metaylei Lahav at approximately 100 million shekels.

ICL reported strong Q2 results, with operating profit rising 47% to $266 million and net profit jumping 47% to $137 million. The growth was driven by higher potash prices and increased sales volumes.

Cimed has sold 23 summer camps in the US for $368 million, exceeding their book value by $24 million. The proceeds are expected to assist in repaying debts to institutional investors.

G. Willi-Food International has announced the delisting of its shares from NASDAQ and the cessation of SEC reporting obligations. Trading will be consolidated exclusively on the Tel Aviv Stock Exchange.

Construction giant Shikun & Binui is acquiring control of the elevator company Naaman. The deal, valued at several tens of millions of shekels, will allow the company to reduce its reliance on external suppliers.

El Al airline reported its second-quarter results, showing a 27% revenue increase to $986 million and a doubled net profit of $132 million amid record demand.

The shekel continues to strengthen against major currencies amid calm in global markets. Investors are awaiting updates on US-Iran talks regarding the opening of the Strait of Hormuz.

Investors in the Rilco investment company are facing capital losses after an Ohio office building was sold for $2 million, down from its $17 million purchase price. This marks another chapter in the firm's ongoing financial difficulties.

Chip giant AMD reported its second-quarter results, beating analysts' expectations for both earnings and revenue. Despite the strong performance, the company's stock fell 8% in after-hours trading.

The government has acknowledged severe failures in its 17 billion shekel social procurement system. An inter-ministerial team recommends establishing a pool of service operators to improve quality and reduce bureaucracy.

Procter & Gamble is acquiring the nutritional supplement brand Thorne for $3.8 billion. The deal aims to expand the corporation's Health and Wellness division.

The strengthening of the shekel against the dollar and euro has significantly boosted the gross profitability of food importer Wilifood. Despite these gains, the company has not lowered consumer prices.

Sunflower is acquiring three solar projects in Spain with a capacity of 137 MW. The deal will add 19% to its annual revenue and 17% to its annual EBITDA in the first stage.

Chip manufacturer Tower Semiconductor finished the second quarter with a 24% revenue growth to $460 million. The company expects growth to accelerate to 31% in the current quarter.

Shares of the Imax cinema chain climbed this week to an all-time high following the success of the film «Odyssey» directed by Christopher Nolan. CEO Rich Gelfond reported that «Odyssey» revenue is double that of Nolan’s 2023 film «Oppenheimer», with shares rising 6% on Monday after three consecutive weekends of ticket sales exceeding $50 million.

Following a weak first quarter, Delta Brands, led by Anat Bogner, reported a strong second quarter with an 18% revenue increase to 310 million shekels and a 27% jump in net profit.

Wix reported a net loss of $76.4 million for the second quarter of 2026, driven by high operational and marketing costs associated with the integration of the Base44 startup.

Foreign exchange markets remain calm, with the dollar trading above 3.04 shekels and the euro above 3.50 shekels. Alex Zabezhinsky, chief economist at Meitav, argues that market forecasts for a Fed rate hike are exaggerated.

Asian indices are trading lower: the Nikkei is down 0.7%, while the Hang Seng and KOSPI have fallen by 0.5%. Following yesterday's sharp decline, oil prices are showing a partial recovery, with Brent crude rising 1.3% to $84.9 per barrel.

Global Retail, which operates Carrefour in Israel, has signed an agreement to acquire a 70% stake in the distributor Free Market at a valuation of 19 million shekels. The deal allows the retailer to enter the wholesale market for small businesses.

Investment house Mor and the HaBaita Living group have formed a coalition holding 25.1% of Orion's shares to challenge Chaim Katzman's influence. They are demanding the appointment of their own candidates to the board.

Former Apax Israel partner Erez Nahum is raising 500 million shekels for his new Leox Opportunity Fund. The fund will focus on mid-market investments, directly competing with his former employer.

Plastics company Plas Fit has acquired the assets of lighting manufacturer Gaash LED for 8 million shekels. The court-approved deal aims to preserve operations following Gaash LED's 22 million shekel debt crisis.

Mizrahi Tefahot Bank is investing 99 million shekels to acquire a 15% stake in Mafat. The deal values the waste management company at 659 million shekels post-money.

The private equity firm KKR has completed a record-breaking $19.2 billion fundraising for a new infrastructure fund. The capital will be deployed into assets primarily across North America and Western Europe.

The first purchaser of an apartment option at the Sde Dov complex is suing the real estate developer Gindi, demanding the cancellation of the deal and a refund due to severe soil contamination.

Amazon has crossed a market capitalization of $3 trillion for the first time, becoming only the fifth company in history to reach this milestone. Shares of the e-commerce and cloud computing giant are rising following strong second-quarter results.

The imposition of a 12.5% tariff on Israeli goods in the US threatens company competitiveness. Minimizing the damage requires both immediate business adjustments and active government support.

Amendment No. 6 to the Credit Data Law shortens the registration period for negative credit data from three years to one. This change is expected to increase information asymmetry and raise risk premiums for all borrowers.

A surge in the specialty ingredients sector drove a 16% revenue increase for Frudelim in Q2 2026. However, stagnation in the core juice solutions business and costs associated with becoming a public company led to a decline in net profit.