Business news
Israel's business and economic news in English, from the country's financial press. Hebrew headlines are translated; every story links to the publisher.
Clal gives record valuation to investment bank in Israel: this is how Valuebaise's price jumped
Clal Insurance is investing in Valuebaise, an investment bank founded by Victor Shamrik and Eido Neuberger, at a valuation of NIS 600 million. The investment, which was previously stalled due to Securities Authority investigation, is now proceeding at a significantly higher valuation amid market gains and record prices for investment banks.
Globes (Hebrew, translated) · 1 hour ago · Clal Insurance, Valuebaise
Island raises $400m at $6.4b valuation
Island, a browser and data security company, raised $400 million at a $6.4 billion valuation to fund growth and innovation as enterprises scale AI agents.
A settlement agreement has been reached in a class action lawsuit against five insurance companies—Harel, Klal, Phoenix, Migdal, and Ailon—accused of violating the Insurance Contract Law by failing to add interest to compensation payments made more than 30 days after claim submission.
IDF unveils Eitan APC protected by Iron Fist
The IDF has unveiled the Eitan armored personnel carrier, which is equipped with Iron Fist, an advanced active protection system produced by Elbit that enhances the survivability and self-defense capabilities of armored platforms.
Afikim Capital won a tender for land in Raanana in April 2025 for about 163 million shekels and is now selling it to Samuel Baruch Investments for about 194 million shekels, generating a profit of approximately 5 million shekels before tax.
FIMI buys control of communications company MMDSmart
FIMI, an Israeli private equity fund, is acquiring a 55% stake in Israeli communications services company MMDSmart for $55 million.
Pimi acquires majority stake in MMD Smart for $55 million
Pimi, an investment fund managed by Yishai Davidai, is acquiring a 55% controlling stake in MMD Smart, a communications management software company. The founders Aria Franklich (CEO) and Leonid Rubenov (business development manager) will retain the remaining shares and continue in their roles.
Five Things to Know Ahead of Trading Day
A market preview article covering negative arbitrage affecting Tel Aviv trading opening, a 19-year high in US 10-year bond yields, oil pullback, US-China tariff discussions and AI developments, and signs of potential slowdown in AI enthusiasm on Wall Street.
IVC - LeumiTech: Startup funding up 50% in 2026
Israeli privately-held technology companies raised $11 billion in the first nine months of 2026, a 50% increase compared to the same period in 2025.
Tomer Levinsky, who discovered the stock market only two years ago at age 35, invests based on recommendations and prefers to avoid stocks that everyone is talking about. He has earned approximately $30,000 in two years and does not consider it a meaningful profit.
IBC, a fiber optics venture founded in 2013 that struggled with debt and faced bankruptcy, was turned around by CEO Yosi Chaver, a former Shin Bet official. The company now competes head-to-head with Bezeq in the business market.
The Competition Authority's Demand That Could Torpedo Future Merger Deals
The Competition Authority's conditions for the Union and Haral merger with Klal company, which caused the merger to fail, were driven by concerns over information leakage between companies. Experts explain that user data is dramatic and a critical asset that companies acquire.
Real Estate Companies Metzad Oz and America Israel Merge – and Aim for the Stock Exchange
Metzad Oz and America Israel, real estate companies, are merging to combine America Israel's residential and commercial development activities with Metzad Oz's engineering and project management operations. The combined group is preparing for debt and equity issuance based on business developments and market conditions.
Cal sale likely to be postponed after Horesh-Harel cancel deal
Israel Discount Bank and First International Bank will receive compensation of NIS 135 million and NIS 52 million respectively for their stakes in Cal after Horesh-Harel cancelled the acquisition deal.
The cancellation of Kayal's acquisition deal, following new conditions set by the Competition Authority, includes broad implications for the banking sector. Bank Discount will receive NIS 135 million in compensation, but faces potential complications with the state, the billionaire investor, and the regulator.
Upwind acquires Israeli AI security startup Aegis
Upwind has acquired Aegis, an Israeli AI security startup founded nine months ago that developed a platform for identifying characteristics of attacks involving AI agents.
Irregular raising funds at $1.5b valuation
Israeli AI cybersecurity lab Irregular is raising funds at a $1.5 billion valuation. The company has been involved in investigations related to hacking allegations involving its customers Anthropic, Meta, OpenAI and Google.
Government inclines to approve delay in Kael sale
The sale of Kael by Discount Bank to a Union Group affiliated with George Chrosh and Harel collapsed this morning. Discount Bank, the owner, is required to complete the Kael sale by April 2027 and is expected to request a delay from the Bank of Israel and the Finance Ministry.
Brookfield in talks to buy Nice's Actimize for $2 billion - report
According to Sky News, Canadian investment firm Brookfield is in talks to acquire Nice's Actimize financial risk management division for approximately $2 billion.
Cantor Investment Bank sees opportunity in semiconductor equipment stocks, though it notes that while AI infrastructure buildout is steady and prolonged, Nova and Camtek's growth rates are lower than the broader market. Both stocks have fallen double digits from their recent peaks.
Product recall adds to Maytronics' woes
Maytronics has issued a recall for its Niya Aquasweep S10 pool vacuum cleaner due to fire hazard concerns, compounding the company's financial difficulties.
Declines in Tel Aviv ease: banks weigh down, technology rises
The Tel Aviv stock exchange continues to decline, led by bank and financial stocks dragging the market down, while the technology sector and energy index gain. Kalal is considering an investment in Wilio Bais at a pre-money valuation of 600 million shekels, and Doral jumps on the back of massive server farm revenue guidance.
Report: Nice in talks to sell Actimize to Canadian Brookfield fund for about $2 billion
According to Sky News, Canadian investment giant Brookfield is in negotiations to acquire Actimize from Nice for approximately $2 billion. The financial risk management operations, based on Actimize which Nice acquired in 2007, have been reported to be under sale consideration in recent months.
Class action against banks approved: they did not pay interest on positive current account balances
A class action lawsuit has been approved against Bank Leumi, Mizrahi Tefahot, Discount Bank, and Bank Hapoalim for failing to pay interest on positive current account balances. The plaintiffs claim the banks acted in bad faith by not paying interest despite significant interest rate increases in the economy since April 2022, with alleged damages in the billions of shekels.
On the Way to Half-Billion Shekel Dividend Distribution: Partner Buys Out All Opponents
Partner Communications is repaying debt to bondholders who opposed a special dividend distribution, in an effort to clear the way for the payout. The company previously completed a similar early redemption of 140 million shekels for Series H bonds that had opposed the move.
Just before the IPO, Karpoor appoints a different chairman
Karpoor's former CEO Michael Lobowitz will move to a business development advisor role rather than becoming co-chairman at Electra Consumer Products as previously announced. The company's "basket of the state" program is expected to end next month due to high operating costs and profitability pressure.
As car insurance premiums plummet, "Globes" finds out why
According to the Central Bureau of Statistics, the average price of vehicle insurance dropped by 8% in August alone.
Doral and Ampa project $150 million annual revenue from data center in Har Tuv
Renewable energy company Doral and real estate company Ampa report expectations for $150 million in annual revenue from a data center they are building in Har Tuv, near Beit Shemesh.
Following the Competition Authority's decision to block a transaction, Hersh and Hamburger will pay 135 million shekels in compensation to Discount Bank and the remainder to Bank Leumi (International).
Clal Insurance renews pursuit of investment bank Value Base
Clal Insurance is in early-stage negotiations to acquire investment bank Value Base at a valuation of NIS 600 million.