MARKET

The bank will charge fees for customers who receive more than NIS 25,000 in a calendar year.

Alliance Tires in Hadera, which since 2016 has been owned by Japanese company Yokohama Rubber, is set for a large wave of layoffs and could even be shut down.

An internal directive recently issued by the bank sets that in a contractor deal, a payment of 20% equity from the customer will now be required, and that the contractor's balloon loan will be limited to up to 40%.

The Bank of Israel held a meeting yesterday to explain to financial service companies how to ward off the planned cyberattack by Iran's Anonymous for Justice group.

Australian company Aristocrat is selling Plarium after buying the company in 2017 for $700 million.

President-elect Donald Trump's support for cryptocurrencies has boosted the industry as Israeli institutional investors get left behind.

The assessment on the market is that the reason for the sell-off is profit taking, after a 73% rise in the share price in the year to date.

Analysts are bullish on Teva, which is once again Israel's most valuable company, due to an improved US generics price environment and promising branded drug pipeline.

With more and more acquisition deals taking place, the Bank of Israel is showing concern, but the industry is already looking beyond the war.

One Software Technologies is buying the helpdesk centers company for NIS 50 million.

Mizrahi Tefahot Bank chief economist Ronen Menachem: The shekel-dollar rate will depend more on development in the war than the US election results.

Israel’s foreign exchange reserves at the end of October 2024 fell to $216.074 billion, a decrease of $4.303 billion from their level at the end of September, the Bank of Israel reports.

The Israeli solar energy company's market cap is currently $840 million, a fraction of the $19 billion market cap at SolarEdge's peak three years ago.

The Israeli pharmaceutical company beat the analysts and has again raised 2024 revenue guidance, this time to $16.1-16.5 billion.

After Donald Trump's victory in the US presidential election the Tel Aviv Stock Exchange (TASE) indices have climbed to new records while the shekel is appreciating.

The acquisition price has not been disclosed, but it is estimated at $300 million, which represents a handsome return for investors in the Tel Aviv-based startup.

Energy, defense, and pharmaceuticals stocks, plus cryptocurrencies, are seen as the big gainers.

Matanyahu Englman blamed the Tax Authority, for not taking most of the necessary steps to improve its ability to collect the taxes from cryptocurrencies, at a time when Israel's debt burden is increasing due to the war.

Alternative investments manager Hamilton Lane co-CEO Juan Delgado says Israel’s lower valuation environment provides ideal investment opportunities.

The order from General Dynamics Ordnance and Tactical Systems is for the supply of the Iron Fist active protection system for Bradley M2A4E1 Infantry Fighting Vehicles.

The new order almost doubles the company's backlog of orders to NIS 700 million.

The US investment bank says geopolitical risk will continue to be the main driver of the shekel, but macroeconomic fundamentals remain supportive.

Menora Mivtachim will be allocated 33% of the credit card company's shares at a company valuation of NIS 3.15 billion.

The malls and offices giant has made a bid for residential developer ZMH Hammerman.

The purchasers are Egged Real Estate and Nadav B. Logistics, which plan logistics centers and other projects on the three sites sold.

The company's share price is rising sharply on Wall Street despite the write down recorded in its third quarter results.

The Israeli income producing property company is in talks to lease out ten floors in the New York City tower.

El Al's 555 pilots will each receive an average bonus of $67,500 this year, as the airline makes record profits due to lack of competition.

Teva has overtaken Check Point on Wall Street after the cybersecurity company's share price plunged on fourth quarter guidance.

The airline says it has abandoned the plan due to the short time schedule set by Isracard for any deal.

The unprecedented fine on the food company is for an unauthorized merger agreement with tofu products company Wyler Group alleged to have harmed competition.