News

In the third quarter of 2024, 24,350 homes were sold in Israel, up 31.3% from the third quarter of 2023, the Central Bureau of Statistics reports.

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

Valued at $1 billion two years ago, the company is mainly being bought for its $150 million in cash and less for its API platform.

Built by Thyssenkrupp, the INS Drakon costs €500 million with one third of the cost financed by the German government.

The Israeli airlines plan to compete with El Al and cut fares by leasing planes but are demanding an amendment to the law on compensation for canceled flights.

The US tax authority will allow individuals and companies affected by attacks to defer certain filings and payments until September 2025.

Israel's decline in international AI rankings is blamed on low priority, under-funding, amateurish management, lack of control, and a surplus of political bodies.

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.

As the war continues, the ratings agency report forecasts that Israel will record 0% growth in 2024, which represents a GDP per capita contraction. Only in 2025 will the economy start to recover with modest 2.2% growth.

The Dutch retail chain's plans to open a store in Beersheva have fallen through leaving the Kfar Saba store as the only branch, although talks are underway for outlets in Tel Aviv.

Tel Aviv District Court Judge Ariel Zimmerman: The petition complains of an infringement of rights that do not exist.

80 medical students will be enrolled in the first four-year program, which will begin in February 2025. Annual fees are NIS 90,000.

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

ScaleOps optimizes resources with its fully automated, real-time cloud resource management platform powered by AI.

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

After years of objections and legal wrangling, the Tel Aviv square will have three 25-floor towers with 300 hotels rooms and 220 apartments.

For the first time in a decade, Israel's biggest private employer has less than 10,000 employees. "Globes" talks to Intel Israel employees and former employees.

The bill proposes a new legal status in addition to the traditional categories of salaries employee and independent contractor.

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.

The deficit for the twelve months to the end of October this year was 7.9% of GDP, or NIS 154 billion.

A draft bill defines cryptocurrencies as assets rather than currencies, making profits on them liable to capital gains tax.

The US investment bank sees 0.5% GDP growth in 2024, down from its previous forecast of 1% and 3.3% growth in 2025, down from 3.7% in its previous forecast.

The budget for building the supercomputer is NIS 300 million, of which NIS 150 million will be allocated to the budget of the Innovation Authority administration and NIS 150 million in financing for the tech giant that wins the tender.

Although an AI directorate already exists in the Innovation Authority, Frances will act as advisor to a new directorate in the Prime Minister's Office, possibly with involvement of Elon Musk, "Globes" has learned.

Representatives of the Ministry of Defense DDR&D, venture capital investors and entrepreneurs participated in a conference for startups operating in security, which was held at the initiative of the Fusion Fund and the Pearl Cohen law firm.

Upwind, cofounded in 2022 by CEO Amiram Shachar, who previously founded cloud security management company Spot.io, which was sold to NetApp for $450 million in 2020, is raising the money at s $850-900 million valuation, "TechCrunch" reports.

Air France has extended its cancelations of all Israel flights until November 26 and Italian carrier ITA has extended its cancelations until January 13, 2025.

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

A selection of recent real estate deals in Israel in Rishon Lezion, Rehovot, Modi’in, Zikhron Yaakov, Tiberias and Ma’alot-Tarshisha.

Each of the partners will join together two of the apartments, in the Legacy project in Mamilla's David's Village, into two big apartments.

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 Ministry of Defense is procuring 25 advanced F15IA jets for delivery from 2031.

Gerstel takes over from Alon Werber, who has headed the sports broadcast technology company for nearly a decade.

248 lots on Kibbutz HaOn are being sold on the open market and to reservists and disabled IDF veterans at discounted prices.

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.