Globes

Mehran Frozenfer is working to establish a "mini-division," including three new coordinators, which will lead to the weakening of the independent status of the deputies in the Budget Department.

Reports from residential developers for the second quarter of 2026 showed a moderate increase in sales compared to the same period last year, but current data from the summer months indicate that demand is fading again. Experts estimate that a significant trend shift may not arrive until 2027.

The moderation of inflation and the weakening of the US labor market are lowering the probability of a rate hike there in September. However, investors are still concerned and are pricing in the risk in long-term bonds. Now also in podcast version.

CEO Gil Agmon purchased company shares for approximately 148 million shekels, increasing his stake from 49% to 56%. The stock has fallen by 67% since its last peak.

The Tel Aviv District Court has appointed Adv. Gil Oren as the settlement manager for Papaya Gaming and granted a temporary stay of proceedings. The judge emphasized that the debt settlement plan for the $718 million liability must include owner contributions and potential investor involvement.

Ontario Premier Doug Ford has urged Prime Minister Mark Carney to take a firm line against Washington and has engaged in a heated war of words with President Donald Trump.

The Association of Investment Houses has appealed to the Capital Markets Authority and the Supervisor of Banks with a demand to re-examine pension distribution fees. The association claims: while management fees have plummeted, the bank commission has been stuck for two decades at a rate of 0.25% and prevents objective advice in default funds. CEO Nimrod Sapir: "The time has come to update the...

Barak Finance will invest about 49 million shekels and hold 49% in a new company with Av-Gad, which will take on 24 projects in the center of the country. Bank Hapoalim is investing about half a million shekels in establishing a community space, a cafe, and a workspace at Hermon Square in Kiryat Shmona. And Samsung will launch a web series in addition to a fashion campaign to promote its new...

Globes has learned that the Ministry of Finance and the defense establishment have agreed on the establishment of a new monitoring system for the defense budget. The system will allow for full and real-time reflection of the defense bodies' engagements with the Accountant General's division. However, the Budget Commissioner opposes the move, believing it is insufficient.

About three years after leaving OpenAI, Ilya Sutskever is nearing the launch of his startup SSI's product. The company, which has already raised $7 billion, is designed to solve the memory limitation of existing models and allow them to adapt personally to the user in real time.

Alongside a net profit of approximately 1.02 billion shekels in the second quarter, Harel CEO Nir Cohen chose to conclude the investor call with a different achievement. Cohen took pride in the fact that Harel is the only insurance and finance company to have entered the Globes brand index. "It is not just a matter of recognition, but to what extent the customer trusts and values the brand - this...

Tiv Taam is preparing for the possibility that it will be required to leave its existing branch at the Star Center in 2029, and has purchased land in Ashdod for 40.8 million shekels to establish a new branch. The move comes against the backdrop of an eviction lawsuit filed by the property owners that ended in a compromise, and concerns regarding religion and kashrut issues. At the same time, the...

The nursing and care company shows stagnation in operating profit, alongside a decline in the stock since the IPO. It reports the acquisition of a company in the home care sector for 72 million shekels, expects recent acquisitions to add 190 million shekels to revenue, and aims to expand into care for the homeless and autistic: "This is a division that will bring us to large turnovers."

World press headlines: In the USA, billions of shekels in Israeli public diplomacy are encountering a young generation that is not being convinced; Washington's economic pressure on Iran is landing directly on the shoulders of citizens suffering from a price surge; and in Egypt, against all gloomy forecasts, the local economy is managing to surprise analysts. Globes presents a daily short review...

Ashtrom Group reported second-quarter losses driven by high financing costs. The company detailed sales figures for major projects and outlined its forecast for a residential market rebound in 2027.

The Turkish Competition Authority has opened an investigation into the pharmaceutical company Teva on suspicion of taking steps to limit competition in the generic drug market, including through the strategic use of patent procedures and the presentation of allegedly misleading information to health authorities. The company stated: "This is a process concerning the Copaxone drug from the past, and...

Partner's revenue fell by 1.5% to 790 million shekels, but operating profit and EBITDA continued to grow. The company crossed the one million 5G subscriber mark for the first time, alongside an increase in internet and television subscribers. The company is awaiting a court ruling on its request to distribute a special dividend.

The British Prime Minister is expected to announce an import ban from settlements and personal sanctions against senior figures in the settlement enterprise, while Labour officials fear broad damage to Israeli exports and economic relations between the countries.

The company's revenue grew by approximately 10% to 210 million shekels, while retail activity drove improved profitability. A decrease in milk prices and the weakening of the euro contributed to cost reductions alongside continued expansion into new areas.

Trading in Tel Aviv will open this morning following yesterday's gains on Wall Street. Global markets are stable ahead of US inflation data and Nvidia's report. Discount Bank: Israel's interest rate is still too high. Harel: The Fed chair's speech expected on Friday will affect the whole world and us. Hapoalim: The Israeli chip stock that plummeted is an opportunity. Globes organizes the...

Insurance giant Harel reported a 30% increase in second-quarter profit, totaling 1 billion shekels. Growth was fueled by investment gains and a 68% surge in asset management and credit operations. The company is shifting to a quarterly dividend distribution policy.

A Treasury plan proposes a root-and-branch reform of the education system, transferring teacher employment and school management to local authorities. Former Ministers and Directors-General of the Ministry of Education are divided on whether this is a necessary shake-up or a recipe for inequality.

The Israeli company Pixellot uses artificial intelligence to film, produce, and broadcast tens of thousands of games per month at a low cost, allowing youth leagues and niche sports to reach a new audience through subscriptions, sponsorships, and personalized content for athletes.

TIME magazine's list of the world's 12 most prominent longevity researchers reveals where the science of life extension is heading. Also: who might make next year's list? The science of longevity, a new section.

In recent months, the Competition Authority has increased proactive inspections against official importers as part of a struggle to reduce harm to parallel imports. The move is based on an amendment to the law that came into effect about three years ago. At this stage, in the absence of data, it is unclear whether the enforcement is actually affecting price reductions.

The food sector was one of the hottest on the stock market this year with a wave of IPOs and even an industry index. However, in recent months the trend seems to have faded, sector stocks are plunging by tens of percent, and Globes has learned that the IPO planned for Kiso is being delayed again. Is the decline actually an investment opportunity?

A 30% cut in Qatar's annual budget may be just the beginning of the emirate's struggle with the fallout of the war. The country may reduce its global investments, including a half-trillion-dollar commitment to the USA, as well as cancel trade contracts due to "force majeure."

The Yuvalim Group has notified the stock exchange of a "demand letter" from Avishai Neria regarding alleged losses in joint ventures. Yuvalim dismissed the claims as baseless, attributing them to Neria's own financial difficulties.

Dalia Energy will exercise its option to increase its stake in the Ashdod data center project to 50% earlier than expected. The investment in the construction of the complex and the substation has jumped from $1.5 billion to $4.5 billion, to which up to $7 billion may be added for servers and processors. The project is planned to reach a capacity of up to 250 megawatts, and the companies are...

A TAMA 38 project in Neot Afeka, Tel Aviv, faced significant delays, leading to the appointment of a receiver. In a landmark ruling, a judge allowed two families to cancel their contracts and recover their payments, setting a new precedent for the real estate industry.

Alice, formerly ActiveFence, has completed a funding round led by Apax Digital. Globes has learned that the round was conducted at a valuation of approximately $800 million. The company is approaching an annual recurring revenue (ARR) rate of $100 million, with a client list that includes Google, Anthropic, Nvidia, Meta, TikTok, and Amazon.

With a $719 million compensation hanging over the company, Judge Iris Lushi-Abudi granted Papaya Gaming's request to appoint a special manager, but ordered the debt settlement to be improved. The judge also sent a message to the plaintiff, Skillz, noting that it cannot categorically oppose any settlement, and announced that she expects to issue a 45-day stay of proceedings, subject to Skillz's...

Smart Shooter's operating profit dropped by approximately 70% in the second quarter to $238,000. The company attributed the rise in expenses partly to the strengthening of the shekel.

A study found that people aged 100 and over have an abundance of anti-cancer cells. An Alzheimer's test by Eli Lilly and Roche has been approved for use. What is behind the wave of blood tests to detect the disease? Clalit and Sheba star in a World Health Organization report. The R&D partnership Almada is finally recovering. This week in biomed.

In the second quarter reports of the Tidhar Group, the company recognized expenses totaling 75.2 million shekels, including grants and bonuses to employees, following the IPO it carried out earlier this year. CEO Uri Levin also addressed the stagnation in the real estate market and said: "The demand today is lower than it was in the past for a long time, longer than we were used to in the past."

The ties between Israeli defense industries and the Ministry of Defense in Athens are tightening. Greece is expected to complete in October the certification of Rafael's Spike NLOS missiles for launch from Apache helicopters. The helicopters' electronic systems are being upgraded by Elbit.

A major fintech deal: Nayax is acquiring smart parking company IPS Group for $350 million in cash. The transaction, partially financed through a $150 million debt raise, will expand Nayax's potential market by $85 billion. CEO Yair Nechmad: "We will offer cities a unified platform."

Keystone CEO Navot Bar stated that the Egged IPO is planned for 2027: "It is already in the works." The infrastructure company raised its 2030 equity target by 50% to 6 billion shekels.

Against the backdrop of Donald Trump's threats regarding the American need for control in the Arctic region and his repeated statements about American annexation intentions for neighboring Greenland, the residents of Iceland will go to the polls this coming Saturday for a referendum that will decide whether to reopen accession talks with the European Union.

The question of Gadi Eisenkot's security does not leave the public agenda. The discussion focuses on the head of the Shin Bet, Ronen Bar, but the authority lies with another body. 'Hamashrokite' explains.