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Fighting between Israeli forces and Hamas has resumed after nearly two months of ceasefire, with the Israeli government launching extensive airstrikes against Hamas targets in the Gaza Strip. The Prime Minister’s Office confirmed that Prime Minister Benjamin Netanyahu and Defense Minister Yisrael Katz had instructed the Israeli Defense Forces (IDF) to take forceful action against the Hamas terrorist organization. The decision comes after Hamas refused to release hostages and rejected offers from U.S. President’s envoy, Steve Witkoff, and other mediators

The LOTTE Group, one of the five largest corporations in South Korea, with a turnover of about $ 80 billion a year and a profit of about $ 5 billion a year, is looking for investments in Israel. The owner and chairman of the fifth largest corporation in South Korea, is currently visiting the country and meets with Minister of Economy and Industry Eli Cohen Minister of Economy and Industry Eli Cohen: "I welcome the arrival of the LOTTE company in Israel. The arrival of this company is indicative of the strength and quality of the Israeli market that continues to attract large companies...

The diplomatic tension between Israel and Turkey escalated on Sunday after Israeli Foreign Minister Gideon Sa'ar condemned Turkish President Recep Tayyip Erdogan’s recent comments about Israel. Erdogan, during a visit to a mosque marking the end of Ramadan, attacked Israel, calling for its destruction. He declared, "May Allah destroy Zionist Israel for the sake of His holy name. We must see what is happening there, and therefore we must unite and be strong and be brothers here, may Allah always strengthen our unity."

Partner and Pelephone appealed a fine imposed on them by the Consumer Protection Authority and will receive back the amount of the fine plus court costs, totaling NIS 968,000 - the Jerusalem Magistrate's Court ruled in an appeal filed by the two companies. This is a monetary sanction imposed on the companies in January 2017, claiming to mislead consumers in various publications where consumers were invited to join them and receive advanced "Generation 4" mobile services, free of charge. The Authority claimed that during the relevant period for publications that began in July 2014, the...

In January 2022, there was a sharp decrease in the volume of mortgages taken by Israelis compared to December, when an all-time record of mortgages by homebuyers was set. This could indicate the purchase of fewer apartments at the beginning of 2022 than in the last months of 2021. Data from the Bank of Israel published today (Sunday) show that in January the public took out almost NIS 10 billion in housing loans (to be exact: NIS 9.966 billion), compared with NIS 12.219 billion in December 2021. In November the public took NIS 10.985 billion, in October NIS 10.688 billion and in the...

Senior officials in Israel’s economy, after meeting with economists from Standard & Poor’s and Moody's, have raised concerns that an all-out war with Hezbollah—and potentially Iran—could lead to an immediate downgrade of Israel’s credit rating. These meetings highlighted the rating agencies' apprehension about the continued conflict in Gaza and along the Lebanese border and the increasing strain on Israel’s fiscal stability

According to the preliminary investigation of the Israeli spacecraft Beresheet's landing maneuver, following an IMU malfunction a command was uploaded to the spacecraft. This led to a chain of events in the spacecraft, which turned off the main engine and prevented proper engine activation. The SpaceIL and Israel Aerospace Industries (IAI) team continues to investigate what occurred during the mission. In the coming weeks, final results of the investigation will be released

Teva Pharmaceutical Industries has announced impressive results for its most promising innovative drug, Duvakitug, in treating colitis and Crohn's disease. The company revealed today that the drug achieved significantly better-than-expected outcomes in the second phase of clinical trials, outperforming a placebo in key efficacy measures. As a result, Teva's stock surged more than 15% in pre-market trading on the New York Stock Exchange

In a significant development within the Israeli communications market, the Fortissimo investment fund is set to acquire a controlling stake in Cellcom, a leading telecommunications company, at an estimated value of NIS 2.6 billion. The strategic move involves Fortissimo purchasing a substantial 36% holding from DSKSH for approximately NIS 925 million