Matrix has become one of Israel's biggest employers with 12,500 employees following recent mergers. The company has announced three acquisitions and is the biggest company in the IT services sector in Israel.

Ashot Ashkelon has won a NIS 146 million order from Israel's Ministry of Defense for transmissions manufacturing and supply.

Foreign airlines resume operations in Israel, offering cheaper connection flights to the US and east Asia compared to El Al.

A Bank of Israel study has found that the blockade of the Bab al Mandab strait by the Houthis has caused minimal damage to international trade and has hardly affected Israel. Shipping prices have risen, but the impact on the cost of living is relatively negligible. Trade has been diverted to alternative routes, minimizing the effects of the blockade.

Architects Rubinstein Ofer and Canadian architects Tye Farrow have been chosen to design the new hospital in Beersheva, Israel. The estimated cost of construction is NIS 3 billion, with an additional NIS 300 million for planning and NIS 1 billion for equipment.

Teva bucks TASE as NICE Systems and ICL decline.

Bezeq chairman Tomer Raved discussed the company's infrastructure investment during the war and Israel's role as a bridge between east and west at the Globes Business Conference.

Israel's technology industry reached a new peak in M&A deals this year, totaling $10.5 billion, with 78% of deals involving international buyers. The venture capital sector experienced significant change, with a decrease in the number of new funds but a rise in average capital raised per fund. The report also highlighted a rise in the number of new companies founded by experienced entrepreneurs and an increase in AI investments.

Cielo Blu shareholders have approved a takeover by Yitzhak Tshuva and David Zvida, who will hold a 47% stake in the company in exchange for a NIS 110 million injection.

The 2025 budget bill in Israel grants increased budgets to the Ministry of National Security and the Prime Minister's Office, along with other coalition ministries.

Governor of the Bank of Israel Amir Yaron stated that cutting interest rates now would be like putting out a fire with gasoline. He criticized the composition of the 2025 budget and emphasized the importance of reducing the gap in economic growth caused by the war.

Check Point CEO Gil Shwed warns of increasing cyberattacks worldwide that are more complex and damaging. He emphasizes the need for organizations to take responsibility for cybersecurity and discusses the trend of consolidation in the industry.

Minister of Finance and Bank of Israel Governor set up a team to enhance competition in the banking sector, aiming to bring about a fundamental change in the financial market and lower financing costs for households and small businesses.

Israeli startups raised over $700m in November, contributing to a total of $9bn raised in the first eleven months of 2024.

Investment banks and rating agencies revise forecasts for Israeli economy following ceasefire agreement between Israel and Lebanon. UBS and Goldman Sachs see shekel strengthening and credit rating improving, while Fitch and Moody's remain cautious due to ongoing risks.

The Tel Aviv Stock Exchange fell today, with Bank Leumi leading trading and El Al ending the week 20% down.

Uri Alon has been elected as the new chairperson of Bank Leumi, replacing Dr. Shmuel Ben-Zvi. Alon, a former vice president at Isracard, won the secret vote by a single vote in the second round.

Weakness in the banks depressed the main indices on the Tel Aviv Stock Exchange, with Bank Leumi leading the declines.

Researchers have developed GluFormer, an AI model that can predict future glucose levels and other health metrics based on past glucose monitoring data.

The Tel Aviv Stock Exchange had a mixed day, with some indices rising and others falling. Turnover was high in both equities and bonds.

The ongoing war in Israel has led to a surge in tech employees leaving the industry to work in defense companies, attracted by the opportunity to contribute to the country and work on meaningful projects.

Electra Consumer Products is starting to see profitability after converting supermarket branches to the Carrefour format, with Carrefour branches producing a profit of NIS 820,000 in the third quarter.

The Bank of Israel keeps the interest rate unchanged at 4.5% amidst the continuing war and aims to stabilize the markets and reduce uncertainty.

Tech-Air, a new airline being set up by the tech movement, plans to operate direct flights between Tel Aviv and New York. The company is in talks with airlines and aims to use Boeing 777 aircraft. Return fares will range from $1,350 to $5,400. The airline will operate temporarily while foreign airlines are not flying to Israel.

Citi, UBS, Morgan Stanley, and State Street have invested $20 million in Israeli fintech company Capitolis to support its capital marketplace and portfolio optimization businesses.

Hezbollah has stepped up aerial attacks due to wintry weather, giving them a tactical advantage. The bad weather affects interception systems and detection, giving the enemy an advantage. However, the weather has less effect on long-range missiles and rockets compared to UAVs.

Strauss Group is selling its 50% stake in Sabra Dipping Co. and PepsiCo-Strauss Fresh Dips & Spreads International GmbH (Obela) for $243.8 million, reflecting its strategy of focusing on core activities.

Innovid is merging with Flashtalking, owned by Mediaocean, at a valuation of $525 million, turning it back into a privately-held company. The deal represents a 94.4% premium on the closing price of Innovid shares and is at a price that Innovid has not seen for over two years.

The main indices on the Tel Aviv Stock Exchange rose today, but the week ended negatively with the Tel Aviv 35 Index falling 0.3%.

The ICC has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Minister of Defense Yoav Gallant, leading to concerns about diplomatic ties and arms sales to Israel.

Mizrahi Tefahot Bank reports a 30% increase in Q3 net profit and the highest return on equity among Israeli banks. The bank will distribute a dividend of 40% of third quarter profit.

SolarEdge Technologies is seeking tenants to sublet part of its new campus in Glilot as it faces financial difficulties and strives for stability.

Israeli cybersecurity company Cyera has raised $300 million in a Series D financing round, bringing its valuation to $3 billion. The company has also recently acquired Trail Security for $162 million.

Office space in Rishon's Eleph project has been rezoned for housing, with 113 small apartments to be constructed instead.

El Al Israel Airlines has reported a net profit of $187 million for the third quarter, a significant increase from the previous year.

The Tel Aviv Stock Exchange closed higher after a late rally, with Elbit Systems seeing a jump in its stock price.

Odysight.ai will integrate its visualization systems into NASA's future aerospace vehicles to monitor integral components and detect damage during takeoff.

Tesla's market share in Israel has been declining despite being the only manufacturer with direct marketing. Factors such as limited model offerings and competition from Chinese electric vehicles have contributed to its struggles.

Bank Leumi reported a 30% rise in Q3 profit to NIS 2.3 billion, driven by growth in its mortgage portfolio and reduced credit loss expense.

The Tel Aviv Stock Exchange fell, but the BlueTech Global Index rose. Turnover in equities and bonds was significant. The Bank of Israel set lower representative shekel-dollar and shekel-euro rates.

Bladeranger has signed a framework agreement with Electra for the cleaning of solar energy fields using drones, estimated to generate around NIS 1 million in revenue.

Housing prices in Israel have fallen, indicating a potential downward trend in the real estate market. The rise in prices has moderated in recent months, and buyers are seeking more affordable homes. Financing incentives and discounts offered by developers have reached a limit, leading to a decline in sales of new apartments. Jerusalem has seen the largest decrease in prices, with buyers preferring smaller apartments.

The Tel Aviv Stock Exchange closed flat today, with the banks gaining strongly while chip companies Nova, Camtek, and Tower weighed on the market.

Israel's Q3 growth figures show unexpectedly robust 3.8% growth, on an annualized basis, with positive trends in business output and private consumption.

Recent real estate deals in Israel include the sale of apartments in various cities.

Greece is negotiating with Israel to develop its own Iron Dome air defense system for €2 billion ($2.11 billion) to enhance its military capabilities and counter the threat from Turkey's 'Steel Dome' project.

The Tel Aviv Stock Exchange saw a decline in the main indices today, led by Nice and the banks. However, the Tel Aviv 35 Index closed the week with a 1.7% increase.

Housing sales in Israel showed a slight increase in the third quarter of 2024, but remain below average. Jerusalem had the highest number of housing deals, followed by Tel Aviv and Haifa.

Bank Hapoalim will start charging fees on its Bit app for customers who receive more than NIS 25,000 in a year, affecting only a small percentage of users.

Israir and Arkia are in talks to launch flights between Israel and the US, aiming to break El Al's monopoly and lower fares. Challenges include finding suitable aircraft and amending the law to protect airlines from lawsuits.

Alliance Tires in Hadera, owned by Yokohama Rubber, is facing layoffs and possible closure due to rising costs and the search for cheaper production alternatives.

The Bank of Israel briefed financial service companies on defending against an imminent cyberattack by Iran's Anonymous for Justice group. Israeli officials believe the attack will most likely be a DDoS attack against financial systems. The National Cyber Directorate is working to thwart or reduce potential damage.

SPAR's plans for a store in Beersheva, Israel have been canceled, leaving the Kfar Saba store as the only branch. Talks for outlets in Tel Aviv are ongoing.

Israel's Ministry of Defense has signed a deal with Boeing to procure 25 F-15IA fighter jets for $5.2 billion, to be paid for out of US military aid. The agreement also includes an option to buy an additional 25 jets. Questions have been raised about the extent of US military aid and Israeli involvement in the project. Delivery of the jets is set to begin in 2031, raising questions about payment and the nature of the deal. The agreement also includes an option to purchase an additional squadron.

Over 1,000 employees have left Intel Israel as the company faces a liquidity crisis and implements a global streamlining plan.

The Tel Aviv Stock Exchange experienced a decline, but ICL and Next Vision saw positive results while Sapiens faced challenges.

Teva's share price has jumped almost 80% this year, analysts remain bullish on the company due to positive results and upcoming trial results for an Anti-TL1A drug.

Israel's fiscal deficit narrows after 18 months of rises.

J.P. Morgan has cut Israel's growth forecast for 2024 and 2025 due to a recent downshift in activity data and new downside risks to global growth.

Amazon and Google are vying for Israel's supercomputer tender, which will be used for training language models in the tech industry and academia.

Venture capital investor Dovi Frances is set to become an advisor to the new AI directorate being established by the Israeli government. The initiative, which is separate from the Israel Innovation Authority, has already received funding and will focus on various sectors including health and education.

Bezeq is selling its subsidiary Bezeq Online to One Software Technologies for NIS 50 million as part of its focus on the group's core business.

The shekel has strengthened against the dollar and euro, defying the trend of the US dollar gaining strength after Donald Trump's election win.

Israel signs $5.2 billion deal with Boeing for 25 advanced F-15 fighter jets, to be delivered from 2031.

Tel Aviv Stock Exchange indices reach new records and the shekel strengthens following Trump's victory in the US presidential election.

The State Comptroller in Israel has criticized the Tax Authority for not effectively collecting taxes from the cryptocurrency market, resulting in a loss of NIS 3 billion in potential revenue.

Foreign airlines in Israel are requesting a legal amendment to suspend compensation requirements for canceled flights during the state of emergency, arguing that the current law is not suitable for prolonged emergency periods and causes financial losses.

Transport Minister Miri Regev and Finance Minister Bezalel Smotrich have reached understandings on the state budget, including the imposition of a congestion charge in the Tel Aviv area and future budgeting for a railway to Kiryat Shemona, despite opposition from Regev.

The Ministry of Defense is selling 19 apartments around Israel to buy homes for army officers and those entitled to a home from the Ministry of Defense's Rehabilitation Unit.

The 2025 budget in Israel includes higher National Insurance contributions, mainly impacting low-income earners. The plan will result in additional payments for employees, the self-employed, and the unemployed, while working couples and families will face higher amounts. National Insurance payments will be linked to the Consumer Price Index, benefiting those with low incomes. Students and haredi yeshiva students will be least affected by the increase.

Menora Mivtachim Holdings has agreed to acquire a controlling stake in Isracard, valuing the credit card company at NIS 3.15 billion.

Azrieli Group has made a bid to acquire control of real estate company ZMH Hammerman at a valuation of NIS 635 million.

The Tel Aviv 35 Index rose 3.3% in October despite intense fighting on Israel's northern border and an Iranian missile attack.

The Paris Commercial Court has ruled that Israeli companies can exhibit at the Euronaval event, overturning a ban by the French government. The ban was claimed to harm Israeli companies' ability to participate and compete in the European defense market. Israeli companies will participate without a stand or pavilion.

El Al's pilots are set to receive significant bonuses as the airline experiences record profits amid a lack of competition.

El Al Israel Airlines has withdrawn its bid to buy control of credit card company Isracard due to time constraints and extensive due diligence process.

Spain cancels $7m arms purchase from Israeli company following public pressure, worsening relations between the countries and impacting Israel's image in Europe.

The Competition Authority has fined Strauss Group NIS 111 million for an unauthorized merger with Wyler Group, which harmed competition. Strauss Group plans to appeal the decision.

Investors in Electreon Wireless have seen big gains as the share price of the Israeli smart road company has risen 662% since December 2022. The company, which develops technology for charging electric vehicles, has a market cap of almost NIS 2.8 billion. Electreon has recorded revenue of NIS 19 million in the first half of this year, but still posts losses due to heavy expenditure on research and development.

The Tel Aviv Stock Exchange saw gains today, with the TA 35 Index reaching a new record high.

Israel's high transfer payments and growing public holdings of liquid monetary assets could lead to inflation as pent-up demand is released.

Check Point Software Technologies met expectations in its final quarter under CEO Gil Shwed, with Q3 2024 revenue of $635 million and earnings per share of $2.25. Shwed will step down in December and be replaced by Nadav Zafrir.

The shekel strengthened after Israel's attack on Iran eased market concerns about escalation.

Elbit Systems rises on Ministry of Defense deal, Tel Aviv Stock Exchange sees gains, and foreign exchange rates decrease.

The Israeli Ministry of Defense has signed a NIS 2 billion deal with Rafael and Elbit for the production of Iron Beam, a laser interception system.

Intel employees in Israel are joining rival Nvidia as the company expands in the country.

The IMF has reduced Israel's growth forecast, expecting a slow recovery after the war with real growth projected at 0.7% in 2024.

Israel has launched attacks on Hezbollah's financing pipeline, targeting the Al-Qard Al-Hassan banking association, which could cause panic among the Shia population and lead to severe damage to the organization.

British Airways cancels Israel flights until March 2025, while Lufthansa Group extends cancellation until November 10. Greek carrier Blue Bird and Spanish carrier Air Europe resume flights to Israel.

The price of olive oil in Israel has jumped by 39% this year, more than any other food product, due to a severe drought and a hot summer that left trees dehydrated and led to an extremely poor olive harvest in Israel as well as globally, doubling prices worldwide.

Former SodaStream CEO offers $100,000 reward for living Israeli hostage from Gaza, amid reports of IDF flyers stating 'Hamas no longer controls Gaza'.

The shekel is appreciating sharply after the killing of Hamas leader Yahya Sinwar, but analysts warn that the positive effect may fade without diplomatic progress. Economists are uncertain about the impact on the forex market and stock exchange. Analysts expect a significant improvement in the Israeli economy following the death of Sinwar. An easing in the security situation could lead to a decrease in inflation and a possible interest rate cut by the Bank of Israel.

Hamas leader Yahya Sinwar was killed in a firefight with Israeli troops in the Gaza Strip. Efforts are underway to confirm his identity.

Meitav Investment House economist Alex Zabezhinsky is optimistic about the Israeli economy, citing positive market indicators and downplaying the impact of the war in Lebanon. However, other analysts caution against excessive optimism and highlight the challenges facing the economy.

Rafael will unveil unmanned air defense systems and showcase the improved capabilities of its Trophy active protection system at the AUSA annual meeting and exposition.

Menora Mivtachim has made a bid to acquire Isracard at a valuation of NIS 3.1 billion, lower than previous bids. Other parties are also interested in acquiring Isracard.