Financial

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

Zim, which in 2022 presented the highest net profit in history for an Israeli company, sadly closes 2023, while showing a loss in each of the quarters of the past year. Zim shares lose about 14% in New York trading. The shipping and maritime transport company concluded 2023 with a loss of $2.69 billion, while it concluded 2022 with a profit of $4.63 billion - slightly lower than the net profit of 2021, which was $4.65 billion and was the highest in the history of any Israeli company

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...

Israeli content recommendation company Outbrain has announced the acquisition of Teads, a prominent player in video advertising solutions, for $1 billion. The seller is French-Israeli businessman Patrick Darhy's media group, which owns the Israeli communications company HOT

In a major development for the aerospace sector, a leading defense company announced a $1.9 billion contract to supply weapons to a foreign nation