Financial

Delek Group to Acquire Control of Isracard for NIS 3.56 Billion -  Beats Menorah Mivtachim’s Offer
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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

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Jan 5, 2025

Beats Analyst Expectations with Strong Q4 Results: fourth-quarter revenue of $704 million
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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

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Jan 30, 2025

Boston Scientific Acquires Israeli Startup SoniVie for $360 Million - Blood Pressure Treatment
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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

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Mar 4, 2025

Survey Reveals Financial Strain and Job Insecurity Among Reserve Soldiers After Iron Swords War
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A new survey conducted by the Employment Service has revealed alarming levels of financial strain and job insecurity faced by reserve servicemen and women who participated in the Iron Swords War. The survey, which gathered responses from 841 individuals out of tens of thousands who sought assistance from the Employment Service in recent months, sheds light on the significant challenges these individuals face as they return to civilian life

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Mar 30, 2025

El Al airlines Cleared to Resume Dividend Distribution a Year Ahead of Schedule
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Israeli national airline El Al announced Monday that the state has officially lifted restrictions on dividend distribution, allowing the company to resume payouts to shareholders on profits from 2025, a year earlier than originally agreed

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Apr 14, 2025

Check Point: Strong Q1 Earnings Under New CEO Nadav Tzafrir - Revenue and Profit Exceed Expectations
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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

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Apr 23, 2025

S&P Maintains Israel’s Credit Rating at 'A' With Negative Outlook amid war concerns
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Amid ongoing concerns over the expansion of Israel’s military conflicts, global credit rating agency S&P Global Ratings announced Friday that it is maintaining Israel’s sovereign credit rating at 'A', while keeping its negative outlook in place

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May 10, 2025

Bank Hapoalim Posts NIS 2.4 Billion Q1 Profit, Up 25%; Discount Bank Holds Steady
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Bank Hapoalim reported strong financial results for the first quarter of 2025, posting a net profit of NIS 2.4 billion, a 25% increase compared to the same period in 2024. The profit reflects a return on equity (ROE) of 16.4%, up from 14.6% a year earlier

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May 19, 2025

  Retail giant Shufersal Reports Sales Decline in Q1 2025 Despite Surge in Profitability
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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

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May 28, 2025

a Fashion group Castro Reports Near-Zero Profit in Q1 of 2025 Despite a Revenue Growth
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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

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May 29, 2025

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