Financial
Category: Financial
The Knesset plenum approved the state budget laws and the 2025 economic plan in a first reading late Monday night. The budget, totaling approximately 609 billion shekels, aims for a deficit target of 4.4%. The approval came amid significant political tensions surrounding disagreements within the ruling coalition
Dec 17, 2024
Category: Financial
Delek Group, controlled by businessman Yitzhak Tshuva, has reached a significant agreement to acquire control of Isracard, Israel's leading credit card company, for a reported NIS 3.56 billion. The deal follows a previous agreement between Isracard and Menorah Mivtachim, valued at NIS 3.15 billion, which was ultimately canceled after Menorah chose not to improve its offer
Jan 5, 2025
Category: Financial
Cybersecurity company Check Point has closed out 2024 with strong results, surpassing analyst expectations for both revenue and earnings. Under the leadership of CEO Nadav Tzafrir, Check Point reported fourth-quarter revenue of $704 million, a 6.5% increase year-over-year, and non-GAAP net income of $2.70 per share—outperforming the consensus estimates of $699 million in revenue and $2.65 per share in earnings
Jan 30, 2025
Category: Financial
In a significant move for the Israeli medical technology sector, Boston Scientific has acquired the remaining 90% of shares in the Rehovot-based startup SoniVie for $360 million. The deal may increase by an additional $180 million depending on the achievement of certain milestones, a common arrangement in acquisitions within the field. This acquisition comes after Boston Scientific already owned a 10% stake in SoniVie
Mar 4, 2025
Check Point: Strong Q1 Earnings Under New CEO Nadav Tzafrir - Revenue and Profit Exceed Expectations
Category: Financial
Israeli cybersecurity company Check Point Software Technologies kicked off its first full quarter under new CEO Nadav Tzafrir with solid financial results, modestly exceeding analysts’ expectations. The company reported a 7% year-over-year increase in revenue, reaching $638 million—right in the middle of its forecasted range and slightly above market predictions of $636.2 million. Net income climbed 9% to $246 million, or $2.21 per share, surpassing analysts’ expectations of $2.19 per share
Apr 23, 2025
Category: Financial
Retail giant Shufersal reported a notable decline in sales for the first quarter of 2025, despite seasonal tailwinds from the Passover holiday and widespread price hikes in the retail sector. However, the company managed to post a sharp rise in profitability, reflecting deep cost-cutting and operational efficiency improvements
May 28, 2025
Category: Financial
Fashion group Castro released its first-quarter financial results for 2025, revealing a sharp decline in net profit to just NIS 138,000, down from NIS 3.9 million in the same quarter last year — despite a notable 8.3% increase in revenue, which reached NIS 471 million
May 29, 2025
Category: Financial
Following a situation assessment held Sunday evening between Finance Minister Bezalel Smotrich and Israel Securities Authority Chairman Adv. Sefi Singer, it was decided that trading on the Tel Aviv Stock Exchange (TASE) will proceed as scheduled on Monday, despite the escalating conflict with Iran
Jun 14, 2025
Category: Financial
In a detailed economic review released on Monday, S&P Global Ratings assessed the financial risks posed by the escalating war between Israel and Iran, with a focus on the potential impact on regional economies, energy markets, and investor sentiment
Jun 17, 2025
