News

In the coming decade, the current tallest buildings in Tel Aviv, Ramat Gan and Givatayim will be dwarfed by a new generation of high-rise developments.

The sale arises from options allocated to Shwed in 2017. He is due to step down as CEO and become executive chairperson, but no successor has yet been announced,

According to the Central Bureau of Statistics, 23,250 new homes were sold in the first quarter of 2024.

Mortgage taking in April 2024 was 28% higher than in April 2023.

The population has grown by 1.9% or 189,000 since last Independence Day, the Central Bureau of Statistics reports.

The Goldberg and Tocatly families discreetly dominated stock market operations systems for half a century, but a problematic venture into provident funds has brought unwelcome attention.

A selection of recent real estate deals in Israel in Tel Aviv, Givat Shmuel, Hod Hasharon, Ramla, Shlomi and Kiryat Malakhi.

This month passengers wishing to fly directly between Israel and North America can only do so on El Al Israel Airlines.

"The current A2 rating adequately captures Israel's elevated exposure to geopolitical risks."

Comments by Israeli Foreign Minister Israel Katz forced the Turkish government into denying reports of renewed exports of construction materials.

Ashra, the Israel Foreign Trade Risks insurance Corporation, says one outcome of political instability in South Africa could be a ban on payments to Israel.

Ten years ago, Better Place collapsed with losses of NIS 3 billion. Now, OPC, controlled by Ofer's Kenon Holdings, is writing off its much more modest investment in charging station company Gnrgy.

First quarter revenue was 78% below the the corresponding quarter of 2023.

Evercore ISI analyst Umer Raffat believes that sales could amount to more than $1 billion annually.

Israel's fiscal deficit continued to widen in April, reaching 7% of GDP over the past 12 months, or NIS 132.2 billion, the Ministry of Finance accountant general Yali Rothenberg reports.

The approval is temporary and only for factories that have already worked with Israel.

The Israeli parking payments app is today signing an agreement to buy the taxi hailing app.

Price hikes can be expected for leisure, cultural and child care services as well as municipal parking fees as the city shaves NIS 500 million of its annual budget.

Needing to increase revenues, VAT could rise even higher than the 18% already approved and income tax brackets might not be updated despite inflation.

The plan is being developed by Canada Israel in Ramat Gan's Rishonim neighborhood near the Diamond Exchange.

The lake is currently just 54 centimeters from its maximum level of 208.80 meters below sea level, according to the Kinneret Authority.

The Israeli startup is fast expanding after saving the lives of many IDF soldiers during the war with its assault and surveillance drones.

The Israeli pharmaceuticals company has reaffirmed its outlook for 2024 after higher revenue and a narrower loss in the first quarter of 2024.

According to United's flight schedule there are no flights to and from Israel until June 1, although the US carrier has made no official announcement on the matter.

Following its unscheduled cut to Israel's credit rating in April, S&P is due to release its routine country review this week. Analysts assess what might happen.

The Israeli currency has strengthened to the NIS 3.70/$ threshold for the first time since the start of April.

According to Reuters, the joint project will be presented at the International Aerospace Exhibition ILA in Berlin in June.

This is the biggest ever financing round completed by an Israeli privately-held tech company.

The company expects to double its workforce from 90 to 180 over the next 18 months with many of the new hires planned for the company's development center in Herzliya.

This is the US company's fifth acquisition in Israel. Noname Security's over 200 employees will join Akamai’s Security Technology Group.

Israel’s foreign exchange reserves at the end of April 2024 stood at $208.109 billion, a decrease of $5.632 billion from their level at the end of March, the Bank of Israel reports.

If a deal is reached, it will represent an interesting change of trend for Rafael; only 1% of its 2023 sales were in Africa.

Kotler has headed the bank for five years. A search committee has been formed to find his successor and "Globes" names some of the leading candidates.