Business
Yotam Segev and Tamar Bar-Ilan
Israeli cyber unicorn Cyera doubles valuation to $3B with $300M Series D
In April, Cyera raised $300 million in funding, achieving a valuation of $1.4 billion and earning unicorn status; company plans to hire approximately 200 employees by end of 2025, with majority of new roles based in Israel
Meir Orbach, Calcalist | 01:03 | 11.21.24
Tesla vehicles
Tesla to open flagship showroom in Tel Aviv's Midtown Towers
Electric vehicle giant to lease space for 10 years and establish first flagship showroom in Israel; store expected to host new model launches and offer luxurious lounge for clients; opening scheduled for Q2 2025
Hila Tsion | 23:07 | 11.20.24
מערכת חץ 3
Israeli defense giant posts record $122 million Q3 profit amid war
Israel Aerospace Industries reports record-breaking financial performance for Q3, with $25 billion order backlog, 60% rise in net profit and 16% increase in revenue, driven by high demand for defense technologies
Navit Zomer | 19:21 | 11.20.24
תצוגת טילים איראניים במוזיאון הכוח האווירי של משמרות המהפכה האסלאמית (IRGC) בטהראן
Iran, Israel among rivals to showcase their arms at Vietnam defence expo
Nearly 200 companies from 27 countries have already reserved booths at Hani event next month with participation of Iran despite sanctions imposed by the West 
Reuters | 13:08 | 11.19.24
צוות Own
Salesforce completes $2 billion acquisition of Israeli unicorn Own
Israeli cloud backup firm, valued at $3.3 billion in 2021, sees decline in valuation with deal; primary beneficiaries include founders, Israel’s Vertex Ventures and US funds Insight, BlackRock and Tiger Global
Omer Kabir, Calcalist | 20:04 | 11.18.24
הרמס 900
Elbit Systems inks $335 million deal to supply defense systems to European country
Israeli defense contractor will supply two of its flagship products - PULS rocket launchers and Hermes 900 UAVs – to the unnamed country as part of a deal spanning three and a half years
Navit Zomer | 13:37 | 11.18.24
רנו סניק-E
The seven finalists for 'car of the year'
Title decided by 60 experts from 23 European countries to be announced in January at the Brussels Motor Show —Who’s our top pick?       
Hillel Possek | 06:39 | 11.18.24
The Dolce & Gabbana Devotion collection
Dolce & Gabbana's makeup line has officially launched in Israel
Brand's first collection - Devotion - includes liquid lipstick, mascara, and a highlighter, and Dolce & Gabbana plans to expand its beauty portfolio to 300 items by the end of 2025
Meirav Crystal | 18:46 | 11.17.24
נפתלי רוזנברג
El Al owner reaches $43.75M settlement over nursing home mismanagement allegations
Kenny Rozenberg and partner Daryl Hagler, accused in New York of misusing $83 million in state funds meant for nursing home care, reach settlement agreeing to invest additional $35 million into their facilities to improve resident care
Golan Hazani, Calcalist | 00:58 | 11.15.24
Dongfeng M-Hero 917
Meet the Dongfeng M-Hero 917: A Chinese hummer with horsepower
One of China's industrial giants, among the few with deep expertise in manufacturing military vehicles, is set to launch in our market a rugged off-road vehicle with advanced electric propulsion- Here’s our first drive on the Dongfeng M-Hero 917
Nir Ben Zaken | 17:56 | 11.07.24
אלון מאסק ודונלד טראמפ 20.10.24
After Trump's election win, wealth of world’s top billionaires balloons by record $64 billion
Leading gains was Trump ally Elon Musk, whose fortune grew by $26.5 billion after Tesla shares surged 14.8%; other top beneficiaries included Jeff Bezos and Coinbase founder Brian Armstrong, who saw a 31% rise in his company’s stock
Calcalist | 15:30 | 11.07.24
דונלד טראמפ זכה בבחירות לנשיאות ארה"ב 2024
How would Trump's victory affect US economy and aid to Israel?
Analysis: Trump vows economic steps that could spark global trade war, though predictions remain uncertain; while Netanyahu has congratulated him, Israel's future support largely hinges on Trump’s commitment to maintaining aid in wartime
Sever Plocker | 11:42 | 11.07.24
אילון מאסק בעצרת של טראמפ
'America's billionaire cabinet': Rich tech moguls wield unprecedented influence over US presidency
The 'billionaire hive' is set to take on significant roles in Trump's cabinet, reminiscent of financial barons of the past; Elon Musk and his tech mogul allies, including Peter Thiel and Larry Ellison, are primed to shape the Trump presidency, blending libertarian ideals with conservative politics
Raphael Kahan | 23:17 | 11.06.24
בית פסגות בתל אביב
How Israel’s largest investment house shifted focus to waste management
Psagot, once Israel’s top investment firm, will rebrand as R.G.A. after acquiring the long-standing waste management company in a multi-million deal
Navit Zomer | 21:05 | 11.06.24
סניף זארה בתל אביב
Zara Israel's new policy costs customers more
Customers are surprised to learn they must pay for items exchanged and wait 14 days to be reimbursed; Zara Israel walks away from practice in most markets and by most retailers who allow the exchange of items at no cost to shoppers  
Meirav Crystal | 08:33 | 11.05.24
Dongfeng Fengshen
International survey reveals EV brands with most issues in 2024
J.D. Power poll data shows customers are more satisfied with European models while Chinese brands receive the burnt of complaints
Tomer Hadar/Calcalist | 06:35 | 11.05.24
אסף קמר כספות פורט נוקס
Fortified underground: Where Israel's wealthiest keep their secrets
Vault rooms with reinforced walls and biometric security may sound like something out of a movie, but for a couple thousand dollars a year, private safes like these are accessible; it’s not just about valuables—many seek the privacy these vaults ensure
Assaf Kamar | 21:23 | 11.01.24
שדרת הייטק בישראל
Despite war-induced economic strain, Israeli tech sees surge in massive fundraising rounds
Ongoing war, economic pressures and budget cuts haven’t slowed Israeli high-tech; recent fundraising shows sector's resilience, with new and smaller investors stepping in as major funds pull back; experts project 2024 investments could reach $10 billion
Tal Shahaf | 18:02 | 11.01.24
בורסה לונדון
London has become a top destination of choice for Israeli companies
There are now 22 Israeli-related companies listed on the London Stock Exchange with a combined market capitalization of over $11 billion
Candice Krieger/Jewish News | 14:25 | 10.31.24
אונלי פאנס לוגו
OnlyFans succeeds in challenging the limits of morality
Although creators on the social media platform come from various fields, OnlyFans quickly became associated with adult content, turning sex work into a viable avenue for individuals seeking financial reward; In 2023, OnlyFans generated $1.3 billion in revenue, a 20% increase from 2022
Viki Auslander | 00:58 | 10.29.24
יוסי כהן
Ex-Mossad chief splashes big on multi-million Tel Aviv luxury apartment
Yossi Cohen purchases spacious 14 million-shekel apartment with sea-facing balcony in upscale RAINBOW project, located in one of Tel Aviv's most sought-after areas
Hila Tzion | 15:07 | 10.28.24
Lancia Gamma teaser
Tesla Model 3 to face stiff new competition from Italian EV
Italian automaker Lancia will expand offerings with new electric sedan model Gamma; production expected to start in 2026
Noam Rhein | 08:08 | 10.28.24
BYD אטו 3
BYD Atto 3 fails Euro NCAP safety systems test, German manufactures on top
European safety association EuroNCAP tested driver-assistance systems in five car models, and Israel’s top-selling car, the BYD Atto 3, received a 'Not Recommended' rating 
Noam Rhein | 22:55 | 10.25.24
airbnb
Judge blocks owners from renting out northern Israel luxury penthouse on Airbnb
Hadera luxury penthouse with pool advertised for short-term rental without required planning permits; court rules police may assist in enforcing decision if necessary
Attorney Yaakov Lange, Psak Din | 13:07 | 10.24.24
ארדואן ב מצעד צבאי בחגיגות ב צפון קפריסין בחלק הטורקי של ניקוסיה לציון 50 שנה פלישת טורקיה לאי 20 ביולי
Turkey tightens goods embargo on Israel, targeting Palestinian trade
Turkish exports to Palestinian Authority have surged tenfold since embargo, with some goods reaching Israel; Turkish exporters must now secure official declaration from PA's Economy Ministry to ensure goods are for Palestinians only
Yuval Sade, Calcalist | 09:51 | 10.24.24
קני רוזנברג 20.10.24
El Al's owner Rozenberg sells Centers Plan For Healthy Living for a billion dollars
Elevance Health to purchase nursing home company from Centers Health Care subject to U.S. FTC approval; Rozenbeg holds major share in Israeli national carrier which sees profits spike amid war, faces embezzlement charges in New York  
Golan Hazani | 17:23 | 10.20.24
The Tel Aviv Stock Exchange
No highs, no lows: Tel Aviv Stock Exchange records steady performance in war
Despite Israel's economic challenges—rising deficit, credit downgrades and stubborn inflation—investors remained cautiously optimistic; TA-35 index climbed 14% since October 7, with strong performances in banking, real estate and defense stocks
Miki Greenfeld, Shir Reiter, Noam Landman | 20:27 | 10.19.24
שקל דולר ואירו
Israeli shekel surges on reports of Sinwar's death
Dollar drops by nearly 0.75% in after-hours trading, settling at around 3.73 shekels; Israeli currency gains approximately 1.4% against euro to trade at around 4.03 shekels
Gad Lior | 19:43 | 10.17.24
Dina Ben Tal Ganancia, Amikam Ben Zvi.
El Al executives see profits soar amid airline's windfall
Israeli airline continues to rule the country's market share amid war, resulting in millions of dollars in revenue amid foreign carriers' halt of operations in Israel
Amir Prager/Calcalist | 18:59 | 10.16.24
Israeli billionaire Beny Steinmetz
Israeli mining magnate Steinmetz awaits Greek court ruling on arrest warrant
Detained in Greece under a Romanian arrest warrant, Steinmetz is out on bail with a travel ban as he awaits to hear ruling on extradition, following previous rejections by Greek, Cypriot, and Italian courts
Reuters | 18:53 | 10.14.24
Chinese President Xxi Jinping meeting with Iranian Supreme Leader Ayatollah Ali Khamenei
Israel poised to attack Iran's oil fields, a move that will hurt China
Iran's oil minister Mohsen Paknejad visited country's key facilities amid regional tensions, raising global concerns about energy disruptions if Israel strikes Iran; Such an attack would not favor China, which heavily relies on discounted Iranian oil exports
Doron Peskin, Calcalist | 17:04 | 10.08.24
יקי רייסנר
Haredi developer Yaki Reisner eyes $400 Million IPO for real estate firm
Entrepreneur considers potential offering on Reisdor Initiatives, potentially this year's biggest on Tel Aviv Stock Exchange; company manages 1.73 million square feet of office space and is developing 12,500 apartments across Israel
Golan Hazani | 07:35 | 10.08.24
קיבוץ בארי ביום הזיכרון לטבח ה-7.10
A year later, social media keeps the memory of October 7 victims alive
In today's digital age, many turn to videos and posts to express grief and remembrance; as we mark one year since Israel's worst massacre, Israelis remind the world we are still living that day, with hostages yet to return and their mourning far from over
Daniela Ginzburg | 15:35 | 10.07.24
Plans to open Dutch SPAR stores in Israel hit snag
Local franchise owner, businessman Amit Zeev, parts ways with Yitzhak Mirilashvili who owned 19% of the business; says is now looking for new investors  
Navit Zomer | 18:09 | 10.06.24
אמזון
After Amazon's return to office, will the Israeli hi-tech follow suit?
Since COVID, employees became accustomed to working from home but Amazon's announcement concerning their return to the office foreshadows a general return to office
Maayan Manela | 00:14 | 10.05.24
מוניב אלמסרי
War devastates Palestinian economy, elite remain unscathed
Grim forecasts predict a bleak future for the Palestinian Authority, which has lost hundreds of thousands of jobs and tourism revenue within just months; Meanwhile, across the West Bank and the Middle East, Palestinian tycoons are deeply involved in politics, flaunting their philanthropy while living the high life of the top 0.1%
Einav Halabi | 18:59 | 10.03.24
הראל ויזל, PRET
Pret A Manger agrees to pay millions in compensation after dropping Israel franchise deal
£3 million payout determined as part of settlement agreement between parties; pressure from pro-Palestinian groups believed to be primary reason for café chain's withdrawal
Navit Zomer | 14:03 | 10.02.24
ישיבת ממשלה
S&P slashes Israel’s credit rating, citing wscalating regional tensions
Days after Moody’s downgraded Israel’s credit rating, S&P follows with immediate and earlier-than-expected downgrade, adding negative outlook; citing escalating conflict with Hezbollah, S&P projects zero growth for 2024 and 9% deficit
Gad Lior | 01:16 | 10.02.24
הבורסה לניירות ערך בתל אביב
Tel Aviv Stock Exchange conundrum: Why are foreign investors buying while Israelis are fleeing?
At the beginning of the year, foreign investors sold shares amounting to about 6.6 billion shekels, while in the last quarter they purchased 3 billion shekels, while at the same time Israelis sold shares worth 8.8 billion shekels.  
Navit Zomer | 10:47 | 10.01.24
ראש הממשלה, שר האוצר ומשרדי סוכנות הדירוג מודי'ס
Moody’s downgrades Israel’s credit rating by 2 levels amid economic concerns over war costs
Israel’s credit rating down from A2 to Baa1, agency cites government’s ineffective handling of war expenses; report warns deficit for 2024 and 2025 will significantly surpass set targets
Gad Lior | 00:45 | 09.28.24
קציר חיטה
Israel seeks to increase wheat production, reduce dependency on imports
The Agriculture and Food Security Ministry will invest 500 million shekels in a plan aimed to increase local wheat production from just 10% to 30%
Navit Zomer | 09:53 | 09.26.24
עגבניות בסופר
Jordan refuses to supply Israel with tomatoes
Global shortages and increased demand keep prices high; Jordan miffed after Israel warns in spring that its produce could be contaminated with cholera
Navit Zomer | 05:28 | 09.24.24
Europe sees a sharp 18% decline in deliveries
Europe sees care sales drop, manufacturers seek assistance
Vehicle sales across Europe plummeted by 18%, with the electric vehicle segment seeing an even steeper drop of 44% compared to August 2023; The European Automobile Manufacturers Association is now urgently calling for a relaxation of emissions targets
Noam Rayen | 23:04 | 09.22.24
Kill bill: Netanyahu pushing for quick phase-out of 200-shekel banknote
As part of fight against black market money, officials considering eliminating highest denomination of Israeli currency soon and gradually phasing out cash entirely; plan includes voluntary disclosure campaign and lowering transaction approval threshold
Gad Lior | 11:34 | 09.20.24
כיתה באוניברסיטה הסינית בישראל
China’s first university in Israel shuts down and pulls out
Beijing-based UIBE University opened branch in Petah Tikva in 2021; once seen as model of innovation by Chinese, Israel faces tougher stance from Beijing amid Gaza war; 'We had great momentum; it's a real shame'
Navit Zomer | 09:48 | 09.18.24
ההרס בקיבוץ חולית לאחר ה-7 באוקטובר
US families sue Syria over October 7 trauma
Families with dual US-Israeli citizenship impacted by Hamas attack suing Syria for $500 million, alleging Syrian support for Hamas facilitated attack and seeking justice for physical and emotional harm
Itamar Eichner | 15:34 | 09.17.24
Volkswagen Tiguan
Volkswagen Tiguan: Premium features at a premium price
Despite its advanced features and refined design, the third-generation Tiguan faces tough competition with its steep price tag and familiar performance
Noam Rayen | 11:39 | 09.17.24
"דזרט גרדן" מרשת "סלינה"
Resort venture Selina Israel reaches end of the road
Selina Israel's closure comes after ownership changes hands to a Singaporean chain; facilities were handed back to local owners putting the jobs of 300 employees in jeopardy 
Navit Zomer | 19:10 | 09.15.24
מטה אינטל בקליפורניה
Intel set to receive $3.5b in grants to produce chips for US military
Technology giant is frontrunner for a new US initiative seeking to develop local technologies for US Defense Department while reducing reliance on foreign producers
Calcalist | 14:23 | 09.15.24
איתי צציק
Treasure hunters scour Israeli beaches for lost valuables, turning hobby into growing trend
They scour beaches, parks and the Diamond Exchange for lost valuables; online groups share finds like discarded guns and efforts with Lahav 433 to locate items from missing at Nova festival; this hobby offers both escape and profit
Iris Lifshitz Klieger | 20:30 | 09.13.24
ועידת נשים בהייטק (אילוסטרציה)
Half of Israel's high-tech companies report canceled investments since start of war
Report by Start-Up Nation Central reveals that some 70% of companies are concerned about their ability to raise capital in the coming year, nearly half of the northern-based firms are considering relocating abroad, and most companies and investors lack confidence in the current government's ability to lead the industry’s recovery efforts    
Israel Wullman | 11:09 | 09.12.24
OYSHO
Sports wear brand OYSHO heading to Israel
Zara's Israeli franchisee moves to import Spanish clothing brand and is looking to open up to 12 new locations throughout the country in 2025
Orna Yefet/Calcalist | 18:51 | 09.10.24
הבורסה ליהלומים רמת גן
Israel's commercial real estate faces unprecedented vacancy rates
Office market, usually anchored by long-term leases and large tenants, disrupted by political unrest and war, with uncertainty making tenants reluctant to commit, leaving sections of office towers vacant, even in high-demand areas
Dotan Levy, Calcalist | 12:03 | 09.10.24
הדבקת ותיקון שטרות כסף בעזה
Banknote cleaning becomes lifeline in Gaza as currency shortage deepens
Amid currency shortage due to war-related bank closures in Gaza, residents resort to new trade—cleaning worn-out banknotes; vendors charge small fees to wash and repair bills, helping maintain circulation as fresh currency remains scarce
Einav Halabi | 18:44 | 09.07.24
מפעל מכוניות ב סין
China overloads world with discount steel, triggering global fallout
China’s ongoing real estate crisis threatens world’s largest steel industry; solution: ramp up production to protect Chinese factories and local jobs, flooding global markets with steel at the expense of international producers
Vicky Auslander, Calcalist | 17:40 | 09.07.24
שבץ מוחי אירוע מוחי סטרוק
National Insurance recognizes stroke as work-related incident
A high-tech professional endured a stroke following a long business trip; The National Insurance Institute identified incident as work-related, enabling the pursuit of disability benefits for rehabilitation 
Lital Dobrovitzky | 14:12 | 09.07.24
Customers at the Tel Aviv AM:PM store operating the register
AM:PM cashier abandoned the store - customers operated the branch themselves
The store manager reviewed the security footage expecting to see chaos with tens of thousands of shekels in products scattered throughout the store, but just a few minutes after the cashier left, the customers began to scan the products themselves, help one another and even gave each other the correct change from the register
Meirav Crystal | 23:33 | 09.06.24
Renault R17
Classic look, modern propulsion: Renault R17 resurrected
The French automaker continues its revival of iconic names, and after bringing the 4 and 5 models back to life, it's now the R17's turn to make a comeback
Nir Ben Zaken | 16:39 | 09.06.24
דאיון Y7
The new Chinese car brands head to Israel
Ineos off-road vehicles to be on Israeli market after importer receives official import license; Also arriving in Israel is the Chinese brand ReHigh, which the manufacturer describes as electric luxury vehicles   
Tomer Hadar | 23:39 | 09.05.24
Soft drinks on display at a shopping mall in Karachi, Pakistan
Coke, Pepsi boycott over Gaza lifts Muslim countries' local soft drinks
In Egypt, sales of Coke plummet this year, while local brand V7 exports three times as many bottles of its own cola in the Middle East and the wider region than previous year
Reuters | 14:33 | 09.04.24
Business
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