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Globes (62 most recent articles)
Competition among airlines has led to more flight options and lower fares from Israel to Southeast Asia. Direct flights and increased connections via the UAE are making travel more accessible and affordable.
Xtend has won a tender to supply 5,000 assault drones to the Israeli army, with an option for more. The deal has sparked industry debate over cost and foreign components. Experts question whether the move is timely enough compared to global trends.
El Al will restart flights between Ben Gurion airport and Eilat after more than ten years, beginning October 21. The renewed service aims to improve connectivity for Eilat residents, though airlines note the route remains unprofitable outside peak seasons.
New home prices in Israel may rise by up to 10% due to a sharp increase in construction costs. Developers and contractors are facing higher expenses, and buyers are expected to absorb these costs. Further increases in the building inputs index are anticipated in the coming months.
Thoma Bravo is in talks to acquire Israeli cybersecurity firm Armis for $5 billion. Insight Partners could receive up to $3 billion for its stake if the deal closes.
The Tel Aviv Stock Exchange closed mixed, with banking stocks leading declines and technology shares rising. Key indices posted small losses, while corporate bonds edged higher. Azrieli Group shares fell after its chief executive officer resigned.
Israel's economy shrank by 3.5% in the second quarter after a two-week shutdown in June. All major economic indicators fell, but there are early signs of recovery in consumer spending. The government has lowered its growth forecast for 2025.
Israel's inflation rate edged up in July, nearing the central bank's target, while home prices continued to fall for the fourth month in a row. Annual inflation now stands at 3.1%. Housing prices, despite recent declines, remain higher than a year ago.
Israel Discount Bank posted higher quarterly profits and announced plans to speed up the sale of its ICC-CAL credit card business. Three groups are interested in acquiring the stake. The bank will also distribute dividends to shareholders.
Mizrahi Tefahot Bank will pay a 50% dividend from its steady quarterly profit, granting controlling shareholders NIS 300 million. The bank posted strong returns despite a slight dip in performance.
Appcharge has raised $58 million to expand its direct-to-consumer platform for mobile game publishers. The company has seen rapid growth and aims to help publishers boost profits and engagement by owning player relationships.
Norway's sovereign wealth fund has divested from eleven Israeli companies and ended contracts with local financial institutions, citing the humanitarian crisis in Gaza. The move follows intense public and political pressure in Norway, but does not mark a full exit from Israeli investments. Further details are expected at a press conference on Tuesday.
Elbit Systems has secured a $260 million contract to supply airborne munitions for the Israel Defense Forces. The deal aims to boost local defense production and support military readiness amid ongoing regional challenges.
Israel's Ministry of Finance has cut its 2025 growth forecast due to ongoing conflict, but predicts a strong recovery in 2026. Experts warn that the latest estimates may already be outdated given recent developments.
A roundup of recent apartment sales in Jerusalem, Bat Yam, Ramat Hasharon, Rosh Ha'ayin, Hadera, and Beersheva shows a range of prices and property sizes. The deals were reported by the Israel Tax Authority.
Israeli artificial intelligence company Decart has raised $100 million at a $3.1 billion valuation, with most funding coming from existing investors. The company has seen its valuation surge more than six-fold in under a year.
Norway has ordered its sovereign wealth fund to review investments in Israeli companies amid concerns over ethical guidelines and links to the Gaza conflict. Officials highlighted unease about holdings in Beit Shemesh Engines, which is reportedly connected to military activities in Gaza.
Two adjacent seafront penthouses in Tel Aviv are for sale at NIS 160 million each and can be combined into one property. These are among the city's priciest listings, featuring large spaces and luxury amenities. The market for such homes remains slow despite ongoing interest.
The shekel weakened sharply today due to local political and security concerns, but analysts expect it to recover in the medium to long term. Israeli stock indices also declined, contrary to global markets.
The Tel Aviv Stock Exchange closed lower on Monday, with most major indices falling. Teva led the declines, while Elbit and Tower gained. The shekel strengthened against the dollar but weakened against the euro.
Israel's Transport Ministry is debating whether to let Wizz Air open a hub at Ben Gurion Airport, a move that could lower fares but threaten local airlines. The decision pits increased competition against protecting Israeli carriers, with a final verdict expected soon.
A roundup of recent apartment sales in cities across Israel shows a wide range of prices and property sizes. Deals were reported in Givatayim, Hod Hasharon, Rosh Ha'ayin, Haifa, Kiryat Motzkin, and Ofakim. All transactions were listed by the Israel Tax Authority.
Palo Alto Networks is in talks to acquire CyberArk Software for over twenty billion dollars. The deal could be finalized this week, sending CyberArk's shares to a record high.
Israeli defense firms are seeking roles in the United States' new Golden Dome defense project, which targets advanced missile and drone threats. The system's design and budget are still being defined, and international partnerships will be key to its development.
The European Commission has proposed partially suspending Israel's participation in the Horizon research program as a sanction for its actions in Gaza. The move targets Israeli companies in security-related fields and awaits approval from European Union member states. The sanction is intended as a warning and does not affect academic collaborations.
Elbit Systems has won a $260 million contract to supply self-protection systems for Germany's A400M aircraft. The deal with Airbus Defence and Space will be delivered over six years, boosting Elbit's market value.
Apartments in Jerusalem, Tel Aviv, Netanya, Rehovot, and Harish were recently sold, with prices varying by location and size. The deals reflect ongoing activity in Israel's real estate market. All transactions were listed by the Israel Tax Authority.
Ampa has completed a major stock market offering and plans to expand its WeWork operations and urban renewal projects. CEO Zohar Levi sees positive signs in the office market and aims to leverage Ampa's assets for future growth. The company is focused on both shared workspaces and residential development.
Mobileye exceeded analyst expectations in the second quarter and raised its 2025 revenue outlook. The company's shares rose after the announcement, despite a reported net loss.
Tipalti is laying off dozens of employees globally, including 40 in Israel, as part of a major restructuring. The company is focusing on mid-market clients and reducing support for smaller customers.
Lufthansa Group will partially restart flights to Tel Aviv from August 1, with some airlines resuming service while others delay until later in the year. The group will operate 44 weekly flights in August.
The Tel Aviv Stock Exchange hit new record highs, led by insurance stocks and Fattal. The shekel strengthened against major currencies, while Isracard shares dropped sharply.
The Tel Aviv Stock Exchange closed flat, with Bezeq and El Al leading gains while Tower and Nova declined. Trading volumes were strong, and market indices saw only minor changes.
Datadog is in advanced talks to acquire Israeli cybersecurity company Upwind Security for up to $1 billion. The deal would be Datadog's largest in Israel and would boost its cloud security offerings.
United Airlines has resumed Tel Aviv-New York flights earlier than planned, signaling renewed confidence in Israel's security. Fares remain high due to limited supply, but new competition may help lower prices soon.
The shekel is weakening due to domestic concerns and global economic factors. Foreign investors are returning to the local market, but the exchange rate is expected to remain stable for now.
El Al CEO Dina Ben-Tal Ganancia is resigning after leading the company through turbulent times. She has been credited with achieving record profits but has also faced public criticism for increased airfares.
Israel's Missile Defense chief Moshe Patel reflects on the exceptional results of the country's air defense systems against Iranian threats and outlines plans for future enhancements and developments in response to evolving security challenges.
The technology industry in Israel is experiencing a surge in jobseekers, particularly affecting experienced workers in core roles. The rise in unemployment is not limited to peripheral jobs, with mid-career employees hit the hardest.
SpaceX and Israel Aerospace Industries are teaming up for the launch of the Dror 1 satellite, which aims to provide communications independence for Israel. The satellite will orbit in geostationary orbit and is equipped with advanced communication systems.
Insightec, a medical device company, is working towards profitability after years of losses. With new FDA approval for Parkinson's treatment, the company is expanding its market. Despite expensive products, Insightec is making strides in securing insurance coverage.
Jerusalem District C'ttee approves plan to cover Begin Highway, allowing for construction of housing units, assisted living units, hotel rooms, office and commercial space, and public use areas above the busy traffic artery.
Intel's expansion in Israel has been halted, with layoffs and non-renewal of contracts affecting thousands of employees. The fate of the second clean room in the new manufacturing plant is uncertain.
New home sales in Israel plummeted in May due to restrictions on developers' financing offers, with a notable decline in sales of new homes by contractors. The report also highlights a rise in apartment sales with protected rooms following missile attacks from Iran.
Wizz Air will resume flights to Israel on August 8, with services gradually reintroduced. The decision was made in a call between Israel's Minister of Transport and Wizz Air's CEO.
After a period of anticipation, Intel finally sold shares in Mobileye, with the share price rising before the announcement. Estimates suggest Intel sold about $1.2 billion worth of shares, maintaining control of Mobileye.
Israel's fiscal deficit remained unchanged at 5% of GDP, NIS 103.9 billion, in June after eight months of narrowing. June 2025 marked the biggest monthly deficit of the year with NIS 16.4 billion.
Private electricity producers in Israel will now be able to bypass the Israel Electric Corporation and sell electricity at a discount through private suppliers. This move is expected to increase competition and lead to larger discounts for consumers, as more households switch to private electricity suppliers.
Polus Tech, founded by Niv Carmi, is introducing a sensor for drones to locate targets using phone signals. The company aims to assist Western armies in identifying terrorist and war threats.
Naschitz Brandes Amir to lease 5 floors in Azrieli's Spiral Tower in Tel Aviv, with an estimated annual value of NIS 17 million. The law firm will occupy the premises when construction is completed in 2028.
Thoma Bravo is reportedly in discussions to acquire Verint, leading to a 15% increase in the company's stock price. Verint's share price has dropped significantly since its peak in 2022.
TASE board approves changing trading days from Sunday to Thursday to Monday to Friday, starting in 2026. The move aims to align TASE with global markets and attract more foreign investors.
Teva Pharmaceutical Industries has launched a startup challenge program in drug development with an investment expected to reach tens of millions of dollars. The program will involve challenges for innovation across Teva's entire development chain, with selected startups conducting pilot programs to integrate their technologies within Teva.
THAAD intercepted Iranian missiles in Israel, costing over $800 million. The high armament costs pose challenges for the US economically and operationally.
TASE resumed its record-breaking rally today, with significant gains in various indices. Clal Insurance and Phoenix were top performers, while energy stocks Orman and Enlight saw declines.
Gasoline prices in Israel will increase by NIS 0.01 per liter, following the Ministry of Energy's announcement. The recent rise is attributed to various factors, including the impact of the war with Iran and fluctuations in the shekel-dollar exchange rate.
A variety of apartments and houses were sold in different regions of Israel, with prices ranging from NIS 850,000 to NIS 4.8 million. The deals were reported on the Israel Tax Authority website.
The Weizmann Institute of Science has started a crowdfunding campaign to raise funds for the reconstruction of buildings damaged during the war with Iran. The campaign aims to gather support from the public and regular donors to help with the estimated $300-500 million rehabilitation costs.
Bank of America forecasts positive growth for the Israeli economy post-war, with potential for the shekel to appreciate and inflation to decrease. Economists expect the Bank of Israel to cut interest rates and see upside risks in the fiscal deficit.
Cellcom is selling its stake in IBC for NIS 520 million, which will help reduce its debt and potentially allow for dividend distribution. The sale is part of Cellcom's strategic plan to improve profitability and focus on core activities in the communications market.
El Al to resume regular flights from Sunday, offering fixed price list for early departures and options for rebooking or canceling tickets. Foreign carriers like flyDubai, TUS, and Blue Bird are also returning to Israel, with limited flights expected due to diverted planes and high demand.
Israeli airports are resuming full activity, but foreign airlines have not yet returned. Limited tickets and high prices are expected this summer due to high demand and low supply.