Financial

In the wake of escalating tensions between Turkey and Israel, a growing number of Israeli consumers are expressing concern about unwittingly purchasing products with Turkish origins. While the import of certain goods like tomatoes and vegetables from Turkey has been halted, many popular international brands continue to manufacture products in Turkish factories, raising eyebrows among Israeli shoppers

In a decision reached during today's Electricity Authority plenum meeting, the electricity prices in Israel are set to increase by 2.6% starting February 1, 2024. The approval follows a three-week public hearing process and aims to address various challenges, including economic difficulties due to the ongoing war

Teva Pharmaceutical Industries, a leading pharmaceutical giant, has announced a notable annual revenue growth of 6.2% for 2023, bringing in a total of $15.8 billion. After enduring five consecutive years of decline, this resurgence is attributed to a substantial advance payment of $500 million received from Snoopy Pharmaceuticals as part of a collaborative effort on an innovative anti-TL1A drug

Discount Bank, despite navigating through challenging times, wrapped up 2023 on a positive note, with a net profit for shareholders totaling 4.2 billion shekels, marking a notable 20% increase from the previous year's figure of 3.5 billion shekels

Fox Group has released its financial results for the fourth quarter and full year of 2023, showcasing resilience and growth amidst challenging circumstances. The company's CEO, Harel Wiesel, expressed pride in the group's performance, highlighting strategic management and adaptability as key factors in achieving success

Diplomat, a major importer and distributor of well-known international brands in Israel, has announced a price increase averaging 3%-4% on its products, affecting popular names like Milka, Oreo, Tampax, Heinz, Kellogg's, and Fairey. Despite warnings from the Ministry of Economy and the government's efforts to ease imports, Diplomat moves forward with its price hike plans, indicating resilience against external pressures. The company, which also distributes Procter & Gamble products across several countries, cites increased costs from international suppliers as the reason for the price...

Following the conclusion of Passover, Israeli households are bracing for a series of price increases across various sectors, likely to significantly impact expenses. Among the notable increases, the price of fuel is set to surge to NIS 7.90 per liter on Wednesday, while supervised dairy products are expected to become up to 5% more expensive. Additionally, a range of popular products including Milka, Oreo, Gomigam, Crunch, Tampax, Heinz, Kellogg's, Fairey, Sud, Ariel, and Persil are also expected to see price hikes

After extensive negotiations spanning over a year with both Airbus and Boeing, El Al Airlines, controlled by the Rosenberg family, has decided to exclusively negotiate with Boeing for its new aircraft fleet. The decision marks a significant milestone for the company, leading to the largest strategic agreement in its history. Boeing Deal Details El Al plans to purchase and lease approximately 30 Boeing 737 Max narrow-body aircraft, with an estimated value of $2-2.5 billion. Deliveries are expected to commence in 2027 and span several years, rejuvenating and expanding the airline's...

The Competition Authority has decided to file 5 indictments, subject to a hearing, against Eyal Ravid, CEO and the controlling owners of the Victory chain, Efi Tshuva, CEO of Super Barkat, and Elad Harzi, VP of Sales at Yohannoff on suspicion of price coordination. Eitan Yohannoff has administrative responsibility for the attempted coordination of His VP of Trade.

Dovdban unit soldier Major (res.) Yehuda Gato, 22 years old, from Pardes Hana-Karkur, an operational driver, was killed today (Monday) by an explosive device in the Nur A. Shams refugee camp near Tulkarm. Another fighter was wounded. The tragedy happened during a counter-terrorism operation by the Menashe Brigade, in which shafts were breached and explosives were neutralized. At the time of the explosion, there was a driver and a commander from the Dovdvan unit in the vehicle, the rest of the fighters unloaded before the explosion in favor of an operational foot mission. The Panther...