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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

In a devastating overnight missile barrage by Iran, six people were killed and over 200 were injured in the cities of Bat Yam and Rehovot, as two direct hits leveled residential buildings and caused massive destruction. Among the dead are a 10-year-old boy, a young girl, and two elderly women. Authorities continue to search for seven missing persons as rescue operations stretch into Monday

Worldwide, the New Year, and the new decade, are receiving huge fireworks and performances. The celebrations that began at noon in the Eastern Hemisphere will reach Israel at midnight. The first countries to receive 2020 were Samoa and Kiribati, Pacific Islander countries, to which the New Year arrived at 12:00 noon. New Zealand, the first major country to be counted back, received the New Year at 1 p.m. Two hours later, 2020 also entered Sydney in Australia, in the midst of huge fires in the area.

The average monthly income of the upper decile is 12 times greater than the income of the lower decile - according to a report from the Ripple Center, published Wednesday, which shows an increase in income gaps between the rich and the poor. In addition, the report shows that most rental income goes to the top deciles and that the middle class in Israel is the smallest in the OECD countries. According to the report, in 2018, the average gross income of households headed by an employee was NIS 66,584 in the top decile - compared with 5,501 in the lower decile only. In the last three years,...

Elta Systems, a subsidiary and division of Israel Aircraft Industries, is acquiring 50% of the Eltam subsidiary of the MalamTeam group for NIS 42 million. The acquisition represents a step in the implementation of IAI's strategy to enter the IDF maintenance and outsourcing market in areas rich in technological equipment

Dudi Ezra, the controlling owner of the Neto Holdings group and chairman of the group, was arrested by the tax authority on suspicion of smuggling more than 475,000 euros abroad. After being brought to the Jerusalem Magistrate's Court on Monday, he was released on restrictive conditions. The request for arrest and release on bail submitted by the Tax Authority against Ezra shows that the Jerusalem Customs and VAT Investigations Department, in cooperation with the customs inspectors at Ben Gurion Airport's passenger hall, is conducting an investigation against Ezra on suspicion of smuggling...