Globes

The government has declared a state of emergency in STEM studies and allocated about 1.5 billion shekels to the program. The program has already begun to operate, but parts of it are outside the scope of monitoring. The "Monitor" section of Globes and the Center for Citizen Empowerment is tracking the "Real Israel" program.

The new agreement introduces fixed salary additions recognized for pension purposes, non-absence incentives, and excellence grants for eligible staff. The Ministry of Defense Director General stated that the ministry is transitioning to a stable and modern model, replacing fragile premiums with solid, pension-protected salary components.

The chip manufacturer officially announces the acquisition of Hugging Face, one of the world's most important platforms for the distribution and development of artificial intelligence models. The company promises that it will remain open to models and hardware from competitors as well.

A new study by the State Comptroller casts doubt on the assertion that Israel is one of the most expensive countries in the world. Among other things, the researchers found that the international price index pointed to Israel's disadvantage in the field of food prices, even though the OECD recorded an increase 3 times higher.

Financial failures were recently discovered in a series of new companies on the stock exchange - right under the noses of the gatekeepers. Now, the Securities Authority is launching an extensive audit focusing on the work of the board of directors and, in particular, on the way directors are classified as having "accounting and financial expertise". A market source: "When you appoint a director...

Major General (res.) Amikam Norkin has been chosen to lead the local operations of the defense-tech giant, and is expected to deepen work with the defense establishment and Israeli industries. At the same time, Globes has learned that the company is conducting a massive fundraising round: its scope has reached about $10 billion to date, and it has not yet closed.

From the summit and private meetings with Vladimir Putin in Kyrgyzstan to the expected visit to the White House. After a year in which he hosted over 20 leaders in China, Xi Jinping has begun a series of global visits. Where will he visit and what is he trying to achieve?

Itzik Oz, Chairman of Phoenix Agencies, plans to acquire a 7% stake in the investment house Pasternak-Shoham as part of its upcoming IPO. The offering is planned for later this month at a valuation of 280 million shekels.

The apartment of the late Davar journalist Aliza Valach on Shenkin Street was broken into, her credit card and car were stolen, and an attempt was made to take over the property. Her death does not appear in the records, and the Ministries of Health and Interior are disclaiming responsibility. The case exposes the systemic consequences of a process that opens the door for criminals.

According to the Israel Airports Authority, about 2.5 million passengers are expected to pass through Ben Gurion Airport in the coming month. To manage the influx, staff levels have been reinforced, and four peak travel dates have been identified with an expected daily volume of 100,000 passengers.

The income-producing real estate company G City has removed the approval of a special compensation package for incoming CEO Keren Khalifa from its shareholders' meeting agenda following opposition from institutional investors. Market sources previously cited this move as a factor in the collapse of the deal to sell G City to Tzahi Abu.

The Ministry of Communications has given the green light for the sale of the mobile operator Hot Mobile to Delek Israel, Keystone, and Leumi Partners, after the Competition Authority approved the deal earlier this month. The deal values Hot Mobile at approximately 1.2 billion shekels.

Lanir Group plans to raise 176 million shekels despite reporting losses and an equity deficit. Proceeds from the offering will be used, among other things, to repay loans provided by 22 private individuals.

World press headlines: The US claims an Egyptian bank helped Iran bypass sanctions through transactions of about $1.8 billion via its branches in the Emirates; The International Criminal Court is facing a severe crisis of pressure from the US and other countries following the arrest warrants against Netanyahu and Putin; and the US has renewed the travel advisory for Israel to level 3, recommending...

Likud and Yashar are leading this week in the use of artificial intelligence in election propaganda, but small parties are also discovering the potential of the new tools. At the same time, two videos suspected of using AI have already reached the Central Elections Committee and were removed. "The AI behind the elections" - a new column.

Orna Zamir, wife of Lt. Gen. Eyal Zamir, serves as an independent director at the food company Tomer Mazon, while the IDF is one of the company's largest clients. Trading in the stock was halted earlier this month due to accounting irregularities. The IDF Spokesperson's Unit stated that the Chief of Staff has no involvement in the company's affairs.

Bituach Yashir CEO Kobi Haber has notified the company's board of directors of his intention to step down in the coming months. Bituach Yashir is Israel's largest company in the field of motor property insurance.

The agreement between Astral and the companies leasing the Aria Hotel in Eilat did not explicitly cancel the rent exemption during renovations. However, the court prioritized the concept of an "absolute obligation," ruling that business logic and the parties' intent override specific contract wording.

The TA-35 index is down by about 0.6%. A nightly exchange of blows between the US and Iran, along with increased expectations for an interest rate hike on Wall Street, are weighing on markets. Oil prices are climbing, complicating the Bank of Israel's upcoming interest rate decision.

Globes presents an update on the state of global markets. Monday morning: escalation between the USA and Iran shifts sentiment after a month of relative calm. On Wall Street, bets on a near-term interest rate hike are rising, while stock exchanges in Tokyo and Seoul are losing over 1%.

Terminal X has become one of the growth engines of the Fox Group, with a jump of about 20% in quarterly sales to 161 million shekels. The data proves that the strategy of acquiring independent brands, which account for almost a quarter of the company's revenue, has proven itself. What are the next goals the CEO is setting?

Ohad Elkabets, in charge of teaching staff at the Treasury's Wage Department, will lead the negotiations on the wage agreement with the teachers' unions. In an interview with Globes, he explains why canceling school on Fridays is necessary to reduce the burden on teachers, warns against a wage spiral in the economy, and expresses reservations about transferring employment to local authorities. He...

After selling Dan's transport operations at a profit of over 1 billion shekels, the Value-LBH fund is on its way to creating further value by merging Dan's real estate operations with Donitz. Not only will the fund benefit from the deal, which will yield a 5x return on its money, but so will a series of capital owners such as Harel Wiesel, David Fattal, and Gad Proper.

Huge, well-equipped, and cheap vehicles with electric and hybrid drives are conquering the Israeli market. But behind the attractive price, which is often subsidized for competitive reasons, hide significant potential costs in spare parts and maintenance - from giant tires to expensive sensors.

Disappointing reports sent the shares of the concrete infrastructure manufacturer to a 13% decline in two days, and CEO Amit Lang to his home. Zvika Ackerstein, one of the company's owners, will replace him: "The company now needs focused management."

Maytronics ended the second quarter with a decrease in revenue alongside a transition to a loss of about 8 million shekels. While it is holding talks for investment from the FIMI fund, the company announced an additional efficiency plan that will help it meet its obligations.

Less than three months after its IPO, real estate firm Best is forced to correct its financial reports due to the unauthorized financing of the owners' private projects. Market experts anticipate an investigation by the Securities Authority, questioning the oversight provided by auditors and underwriters.

Israel's largest supermarket chain lost 11% of its market value in two days following weak half-year reports. Despite efficiency measures implemented by owners Yossi and Shlomi Amir, the company is struggling with declining same-store sales.

Warren Buffett celebrates his 96th birthday while remaining Chairman of Berkshire Hathaway after passing the CEO role to Greg Abel. We analyzed the company's performance over the past year, portfolio changes, and the legendary investor's ongoing role in key decision-making.

Partners, a company offering office services to independent lawyers that recently encountered difficulties, received the green light from Sela Capital to be released from its lease agreement. Partners will vacate floors 34-35 in the HaArba'a Towers in Tel Aviv by tomorrow and will continue to operate in a reduced format in the Museum Towers.

Rafael concludes a strong quarter with a 39% jump in new orders to 6.9 billion shekels and 20% growth in sales to 5.6 billion shekels. More than 60% of orders in the first half came from exports, and against the backdrop of the strengthening shekel, CEO Yoav Turgeman warns of damage to profitability and competitiveness: "State intervention is required."

Revolution's stock soared after the US Food and Drug Administration (FDA) approved its revolutionary drug. Will the drug reach Israel, how much will it cost, what will insurance companies do, and what competing products are on the market? Here are the answers.

Limited housing supply clashes with high salaries in the AI industry: "Fine, we'll pay $10,000".

The court ruled that at this stage, the lottery for the distribution of rights between landowners in Sde Dov should not be promoted, after some of the rights holders requested to wait until the extent of soil contamination is clarified. Meanwhile, Adam Teva V'Din opposes the dismissal of the petition regarding soil contamination in Sde Dov, despite the Supreme Court's recommendation.

World press headlines: Many accusations against Israel have flowed from Turkey since October 7, 2023, but the new news is that Israel is plotting to use Kurdish forces in northern Syria to thwart the peace process led by President Ahmad al-Shara; in the Aegean Sea, Greece is establishing a drone base, and Israel may be involved. Globes presents a daily short review of interesting news from the...

The extreme smartwatch category is evolving with the launch of the Samsung Galaxy Watch Ultra 2. The device features impressive battery life, upgraded performance, and peak brightness, though it comes with a premium price tag.

In Globes' weekly column, we checked what happened to prominent Israeli stocks on Wall Street at the end of the week. Reports beat expectations but the forecast cut: the reason for SentinelOne's fall. The veteran director at eToro cashed out millions in shares - and the analysts who continue to believe. And also: Amdocs stock jumped 26% from the bottom: is it a "bargain" that will continue to fly?

An extension order signed last week increases convalescence pay for private sector employees by 8%. Those who have already received their 2026 payment may be entitled to a retroactive adjustment.

Warren Buffett, celebrating his birthday today, remains involved in investment decisions despite stepping down as CEO of Berkshire Hathaway earlier this year. Here is what has changed and how the market is responding.

In recent years, another issue has entered the picture when examining a merger deal: who holds the customer data. A prominent example is the merger between Sugat and the data provider StoreNext, which fell through due to concerns that access to the information would harm competition. Tobi Harris, head of the Markets Department at the Competition Authority, explains in an interview with Globes why...