Globes

The US President announced a reduction in military exercises with South Korea and declared the renewal of contacts with Kim Jong Un. In Ukraine, a former Minister of Defense calls for the ouster of Volodymyr Zelensky, while Iceland prepares for a referendum on its future relations with Europe.

Phoenix becomes the third largest entity in the provident fund industry. Clal Insurance has its strongest month ever. Altshuler Shaham and Yelin Lapidot continue to lose money at a high rate.

The halt of flights at Ben Gurion Airport at the peak of the summer season may have ended, but the disruptions are far from over. Who will suffer, and why are charter flights and low-cost carriers at higher risk of cancellations?

A couple signed a prenuptial agreement establishing separation of property. The wife later sought to cancel it after discovering her husband had concealed assets. The court issued a ruling and provided guidance on how to protect against asset concealment in marital agreements.

Geshem Holdings reported on the advancement of a 488-apartment project in Migdal HaEmek. The Israel Land Authority is launching a reform to shorten appraisal objection procedures. Additionally, Azorim Living will purchase 26 apartments in Jerusalem for long-term rental for approximately 76 million shekels.

The company, traded on NASDAQ and focused on urinary tract cancer treatments, has announced a collaboration agreement with the Israeli firm Intragel, which has developed a biodegradable gel for the sustained release of drugs.

The surprise strike at Ben Gurion Airport turns the spotlight on the powerful union chairman who has held the position for four decades and is effectively closing the skies, not for the first time.

World press headlines: The success of Trump's economic pressure on Iran depends on the ability to cut off Iranian financial channels through Dubai; the German Chancellor condemns Itamar Ben Gvir's statements and changes position; and in Sweden, a Muslim Minister of Education wears a Star of David in the face of rising antisemitism. Globes presents a daily short review of interesting news from the...

In an investor call following the publication of Electra Consumer Products' second-quarter reports, CEO Zvika Schwimmer said: "The 'Basket of the Country' brought new customers to the chain, but hurt revenues." The company's management is now examining whether the additional traffic generated by the promotion justifies the financial damage, or if it is better to end participation at the end of the...

The two Israeli banks acting as intermediaries for the Palestinian banking system are expected to postpone the cessation of operations by several months, Globes has learned. This comes at the request of the Bank of Israel, with the goal of finding a permanent solution to prevent chaos.

Y.H. Dimri released its second-quarter 2026 reports, highlighting challenges in its Sde Dov flagship project. Only 40 out of 455 units have been sold to date, leading the company to lower its price-per-square-meter forecast.

The Shufersal chain has signed a commercial agreement with LEGO, under which the brand's products will be sold starting today in about 90 branches across the country and via Shufersal Online. This move allows Shufersal to expand sales beyond groceries using a high-demand brand, while LEGO gains an immediate, significant increase in its retail footprint in Israel.

The Sderot-based fuse manufacturer is set to distribute profits from the sale of shares in its subsidiary to shareholders, following a weak quarter in which it reported a 36% decline in revenue and an 85% drop in net profit. The stock is falling sharply in Tel Aviv trading.

Novolog released its Q2 2026 results following a management overhaul and the consolidation of the Pozis family's control. Net profit dropped to 541,000 shekels from 4.6 million shekels in the same quarter last year, driven by higher financing expenses.

The real estate group Best, which went public last June, announced an investigation due to concerns about financial irregularities in a subsidiary. According to the announcement, while the company was private, the controlling shareholders and a relative took — they claim by mistake — a sum of up to 1 million shekels from the subsidiary's funds without required approvals. Upon discovery, the amount...

Income-producing real estate company G City is planning to sell assets in Europe, the USA, and Brazil to reduce its high debt levels. The strengthening of the shekel and asset divestments impacted the company's second-quarter financial results.

A decrease in apartment deliveries in Europe and the weakening of the dollar led to a decline in Shikun & Binui's revenues to 2.3 billion shekels in the second quarter and a plunge in operating profit. Despite this, net profit jumped by 70% to 241 million shekels thanks to a significant tax benefit, and the contracting backlog reached a record 18.5 billion shekels.

The market boom and growth in core activities boosted the investment house's profits by approximately 76% in the second quarter to about 65 million shekels. The group's revenues, managed by Dave Lubetzky, jumped by 37% to about 479 million shekels, led by capital and trading services activities. IBI shares have completed a jump of almost 80% over the past year to a value of about 6 billion...

Trading in Tel Aviv will open against the backdrop of gains in Asia and a tailwind from Wall Street; dual-listed stocks will have a slight impact. The US Treasury's move calmed the bond market, but UBS recommends sticking to the short end. The rift in the Fed is deep, and Bank of America estimates: 3 more interest rate hikes this year. The reporting season in Tel Aviv is shifting gears: Altschuler...

Globes presents the first update on the state of global markets. This morning: US Treasury measures support bonds and stocks against the backdrop of Trump's threats against Iran. Chip giants boost Asia, a green opening is expected on Wall Street. Fiscal pressure threatens the dollar. Also: JPMorgan recommends the communications sector.

The US military has established a secret shipping lane in the Strait of Hormuz to facilitate oil transport, with approximately 10 million barrels reaching the global market daily. Meanwhile, reports from Lebanon indicate Israeli Air Force strikes near the Ali-Taher ridge, and Houthi forces in Yemen are reportedly preparing for escalation with Saudi Arabia.

The growth data published this week highlighted Israel's dependence on the chip giant Nvidia. However, unlike the past, when Intel was the dominant company in the local industry, this time it is a new type of risk: production is carried out abroad and the products do not pass through Israel at all. And also: is the chip giant on its way to receiving state benefits?

In search of new growth engines, Azrieli and Melisron are becoming dominant residential developers. Sales and the backlog are growing, but the industry warns that it is too early to determine if the move will yield the desired return.

Omer Idel joined the army with a negative bank balance due to family turmoil. This pushed him to start businesses, and he invested the profits from them (a million shekels by age 24) into the capital market. He always looks at the long term, prefers indices, and believes in "letting money work for you."

The rush of Israelis for Chinese cars is reaching the importers' reports. Carasso, with the help of the Chery brand, increased its market share to a record of about 15.3%. Delek Automotive, on the other hand, an importer of Mazda that once dominated the roads, is at a record low of 3%. And how much did the importers earn on each car sold?

Israeli company Uvision has won another contract to supply drones to the US Army. The UAE is expanding its THAAD array against the Iranian threat. Also: Ukraine's unusual use of Chinese civilian aircraft frames. This week in the defense industries.

Government bonds are breaking yield records around the world. Is the figure reflecting rising risks in the markets also an investment opportunity for bond enthusiasts? Experts estimate that the high yields are "changing investor considerations," but warn: "there are no free lunches."

Novolog CEO Aviad Bosi and CFO Yaniv Vidavsky will leave their positions in four months. The departure follows the Pozis family's move to secure a 44% controlling stake and replace the board of directors. Oded Pozis is expected to spearhead a new strategic plan for the company.

The French tax authority's database was breached, and information on approximately 678,000 citizens is now being offered on the darknet. In addition to the harm to taxpayers, this is an embarrassing incident for a country that promised technological leadership.

Shmuel Harlap, who controlled the car importer Colmobil, turned it into a dominant player in the local market with the Mitsubishi and Hyundai brands, as well as Chery and Omoda. He was among the early investors in Mobileye and made a successful exit upon its sale. At the same time, he was involved in extensive philanthropic activity.

An AI-based marketing platform is gaining a foothold in the Israeli advertising industry. Bank Hapoalim launches a complex offering activities for children on smart consumption and financial education. Events and appointments.

While the fate of the ZIM sale remains undecided, new CEO Chen Lichtenstein is bringing a more open management style to the shipping company, contrasting with his predecessor Eli Glickman. ZIM's second-quarter reports show a return to profitability.

Despite being the largest carrier, El Al ranks behind Israir in the monthly index of online purchases by Israelis. In the back-to-school sector, Delta and Fox are leading the growth.

The investment house reported a 22% revenue growth compared to the same quarter last year, though net profit declined slightly due to higher commission payments to agents. Revenue gains were driven by expansion in provident and pension fund activities.

The results of the industry leaders — Isracard, Cal, and Max — for the second quarter of 2026 show that the number of their active cards is already higher than the number of residents in Israel. Who led in transactions and who in quarterly profit, and what is the chance that any of the three will advance in entering banking activity? 3 notes on the reports.

About a year ago, Buffett revealed his first position in Alphabet stock, which has since grown into a multi-billion dollar bet. It is an unusual investment for the investment giant who recently stepped down as CEO. Is he still pulling the strings?

Globes has learned that the government is preparing to approve an additional tens of billions of shekels for security needs as early as next week. Analysts warn that this could necessitate future tax hikes and budget cuts.

Globes presents an index examining the volume of credit card purchases in Israel. Phoenix Gamma data points to increases in all major sectors and a moderation in the tourism sector.

In an interview with Bloomberg, Bank of Israel Governor Amir Yaron tempered expectations for monetary easing on September 1, despite inflation falling to a five-year low. While a strong shekel and low indices support a rate cut, the central bank remains cautious due to various economic and geopolitical risks.

Minister of Transport Miri Regev claimed that the railway project to Kiryat Shmona is finally being implemented. It turns out that drilling rigs have indeed started operating, but what does this mean exactly? Globes fact-check.