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Ashstrom Group, a prominent player in the construction and infrastructure sector with a market value of around NIS 5.5 billion, has released its financial results for the second quarter and the first half of 2023. Despite a challenging business environment, the company demonstrated stability and growth across its diverse portfolio

In a recent OECD report, Israel has claimed the unenviable top spot for the highest cost of living among member countries, with prices soaring 38% above the OECD average. Despite efforts to mitigate the impact through compensatory measures targeting specific voter groups, experts argue that the underlying issue of economic centralization remains largely unaddressed

In a surprising turn of events, cloud cybersecurity startup Wiz is reportedly considering the acquisition of Sentinel One, an established Israeli cybersecurity company, according to a recent Bloomberg report. This potential acquisition marks an unusual move in the tech industry, as startups typically do not acquire publicly traded companies. Sentinel One's shares experienced a 3.2% surge in Wall Street trading following the news

Shufersal, a prominent player in the food retail sector, reported a remarkable 68% surge in operating profit for the second quarter of 2023 when compared to the same period in 2022. The figure stood at a staggering NIS 89 million. Despite this noteworthy profitability upswing, Yitzhak Abarkhan, the Chairman of Shufersal, has emphasized that the company is far from content. Sources indicate that the retail giant is embarking on another sweeping efficiency program, poised to significantly impact its financial landscape throughout 2024 and 2025

In a distressing terrorist incident that has left a woman dead and a man seriously injured, gunfire erupted on Route 60, near the Sheep Crossing in Mount Hebron. The attack, suspected to be the result of a passing vehicle opening fire on an Israeli car, has sent shockwaves through the community. Tragically, a six-year-old girl was also in the car during the attack. The injured were swiftly evacuated to Soroka Hospital by Magen David Adom (MDA) teams

Leading Israeli cybersecurity company SentinelOne (SentinelOne) is reportedly evaluating potential strategic options, including a possible sale. According to a report published by Reuters, this revelation has led to a surge of 13% in the company's Wall Street trading, characterized by high turnover. Having been traded at a market value of $4.2 billion, SentinelOne has emerged as an acquisition target following an 80% decline in its stock value over the past two years. Insiders familiar with the situation have disclosed that the company has engaged the services of investment bank Qatalyst...

The government has given the green light to a comprehensive five-year plan aimed at reducing social and economic disparities and driving economic growth in East Jerusalem. The ambitious initiative, spanning from 2024 to 2028, will receive approximately NIS 3.2 billion in funding. The decision follows collaborative efforts between the Minister of Jerusalem and Israeli Traditions, Meir Parosh, the Ministry of Finance, the Jerusalem Municipality, and various government ministries

A shocking shooting attack that occurred this Saturday afternoon in the town of Hawara has claimed the lives of Aviad Nir (28) and his father Shay Silas Nigarkar (60), both residents of Ashdod. The victims were in Hawara for routine maintenance on their vehicle and to purchase car accessories when tragedy struck at a local car wash business

In a recent report released by the Central Bureau of Statistics (CBS) on Thursday, the number of job vacancies in the economy for July totaled approximately 116,948. This figure marked a slight decline from June, which had recorded about 122,228 vacancies. The vacancy rate continued its downward trend, currently standing at 3.7%

Partner, a prominent player in the telecommunications sector, showcased its ability to adapt and excel amidst challenging market dynamics, as it reported its financial results for the second quarter of 2023. The company's strategic shift towards premium products and a reduction in debt emerged as key drivers behind its successful performance