Business
Israel's business and economic news in English, from the country's financial press. Hebrew headlines are translated; every story links to the publisher.
Investment Director Points to the Next Stock Exchange Hit - Plus 4 Articles on Market Conditions
The article presents market analysis covering mixed market performance including savings plan movements, bond yields affecting small-cap stocks, rising U.S. Treasury yields, and a potential recovery in NICE systems after years of underperformance.
Globes (Hebrew, translated) · 11 hours ago · Nice
Where does Tzevika Menes, hero of the FlyDubai flight, work?
This is a quiz headline asking readers about economic news from the week, including questions about where a survivor joined a venture capital fund, which city led in urban renewal construction starts, and which luxury product price fell the most since 2021.
Early investor in Smart Shuoter sells all his shares for NIS 51 million
Alejandro Weinstein, an early investor in Smart Shooter, sold all his holdings for approximately NIS 51 million following the company's agreement with the Pentagon. The sale was executed at a 19% discount to market price and follows a NIS 10 million sale by Weinstein during the company's IPO in March.
The New and Surprising Candidate for the TA 35 Index
El Al's stock surged 13% over two days following a stabbing incident at a Flydubai company, increasing its market value by NIS 1.3 billion and potentially qualifying it for inclusion in the TA 35 Index for the first time.
Nebius acquires 10-month old Israeli startup Inferize
Nebius, an AI infrastructure company, is acquiring Israeli startup Inferize for $100-130 million. Inferize develops technology to shorten the time needed to launch and scale large AI models.
Apikoin, controlled by the Shmaltz family, will seek to raise NIS 200 million at a valuation of NIS 800 million for its renewable energy division, less than a year after attempting a lower-valued merger with public company Sunflower. As part of the move, Menora and Migdal will sell their stake in a European partnership in exchange for shares in the company.
Israeli startups raised $2.5b in September
Privately held Israeli technology companies raised $2.5 billion in funding during September, despite the holiday season.
El Al and Israir plan airlift for Israelis stranded in Dubai
El Al and Israir have scheduled flights for Friday to evacuate Israelis stranded in Dubai, pending security clearance from the Shin Bet.
Palo Alto Networks, a cybersecurity company that listed on the Tel Aviv Stock Exchange at the beginning of the year, has surged nearly 170% and became the first to cross a trillion shekels valuation today, surpassing global giants like Netflix and General Electric.
Court appoints receiver for OpenWeb
The Tel Aviv District Court has appointed a receiver for OpenWeb due to a $20 million debt owed to Liquidity Group.
Treasury approves another gasoline excise cut
Finance Minister Bezalel Smotrich plans to reduce the maximum price of government price-controlled 95 octane gasoline at self-service pumps by NIS 0.50 per liter.
How to get a 5.5% dollar return per year? 'There are quite a few alternatives'
American insurance broker Aon raised $14 billion in bonds with 5 times oversubscription, demonstrating how corporate bonds have become an opportunity amid government bond volatility.
After a mixed month in markets: the savings track that rose and the one that disappointed
Israeli pension funds showed mixed returns in a volatile month, with the general track posting an average negative return of 0.1% while the equity track gained 0.2%. The S&P 500 tracking fund showed a positive 2% return, supported by shekel strengthening.
Despite government opposition to the sale of Israeli shipping company ZIM, buyers Hapag-Lloyd and FIMI are working on a revised plan to complete the transaction.
Her Returns Were Wiped Out by a Single Stock, Yet She Still Dreams of Retiring at 40
Bar Rachamim, 31, grew up without money and started working young. She entered the stock market in her mid-20s aiming for financial independence by a young age, inspired by a popular finance blog, but one stock wiped out her investment returns.
Nayax CEO Unfazed by 35% Stock Drop, Confident of Large Bonus Ahead
Nayax's stock price fell following a reduction in free cash flow guidance, but founder and CEO Yair Nchamed seeks to reassure investors that 'Nayax is healthy and growing.' The article discusses the company's acquisition strategy, growth prospects, and long-term vision.
Lost millions on Tesla short, now takes over troubled BVI real estate company
Businessman Nathanel Lorentz's Decima company has taken control of American real estate firm Cohan Properties, which raised 412 million shekels from Tel Aviv investors earlier this year. The takeover follows controversies including unauthorized fund transfers by the previous controlling shareholder.
Israeli airlines to resume Dubai flights after six month hiatus
El Al, Arkia and Israir will restart the Tel Aviv-Dubai route after the UAE agreed to Israel's security demands.
Business Mixed with Politics: Zim Buyers Not Giving Up on the Deal
The ZIM acquisition deal has returned to its starting point, but the buyers at Fimi Opportunity Fund and Hap Lloyd are already preparing a new request. The involvement of former Deputy Attorney General Avi Licht, who attempted to advance the deal, was unable to save it.
OpenAI appoints Israel sales chief
OpenAI has appointed Motti Hadas, a former Matrix VP and senior sales executive at Google and MongoDB, as its Israel sales chief to establish sales and service operations in the Israeli tech market.
Israeli executive resigns from management of toy giant after 8 years
Yinon Kreiz, who has led Mattel since 2018, will step down from his position on October 2. The move comes after a period in which Mattel expanded its operations beyond toys, including through the Barbie film.
Smart Shooter wins $150m US drone interception deal
Smart Shooter has been awarded a $150 million contract to serve as the sole supplier of SMASH drone-interception systems to a US defense task force established to combat drones.
UK Threatens Far More Severe Sanctions on Israel
UK Foreign Secretary Ed Miliband has threatened sanctions against any entity providing services for settlement expansion beyond the Green Line, potentially affecting Israeli banks.
Slice Settlement: Liquidation Plan Approved by Court
The court has approved a detailed settlement plan by the liquidator to resolve the rights of members of 'white funds' and 'red funds', suppliers, and creditors. Some members will receive their funds in the near term, while others will receive payments depending on when third parties transfer funds.
flydubai emergency hits airline highly popular with Israelis
flydubai, which operates ten daily flights between Dubai and Tel Aviv serving as a gateway for Israeli travelers to Asia and beyond, experienced an emergency incident.
The biggest deal in Smart Shooter's history: Drone interception systems for some $150 million
Israeli fire control company Smart Shooter, which went public in March, was selected as the sole supplier to the U.S. Army for drone interception systems in a deal valued at around $150 million. The company's stock surged following the announcement.
Doral's Giant Project Successfully Energized with Investment of About 850 Million Shekels
Doral's solar project 'Hadri Shan' in the Valleys of Springs has been successfully energized, with commercial operation expected in the coming months and projected to generate annual revenues of about 150 million shekels for the company.
Ramat Gan seeks to transform Diamond Exchange site
Ramat Gan is planning to redevelop the Diamond Exchange site with a mixed-use project combining office, commercial, and residential space to revitalize the area.
Akirov, who currently chairs Alrov Real Estate, intends to acquire the public's stake at a 20% premium to the market price. The stock surged sharply in Tel Aviv trading.
Five things to know before Tel Aviv Stock Exchange opens
The Tel Aviv Stock Exchange is expected to open in the green, with dual-listed shares pushing indices higher. A Federal Reserve official's statement caused a dramatic shift in US interest rate expectations, reducing the probability of a rate hike in October from around 70% to below 50%.
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