Israel's top stories
Malisron sues Shagav Express over NIS 1.8 million in debts
Malisron, owner of Ofer Malls, has filed a NIS 1.8 million lawsuit against Shagav Express and its CEO Yaakov Biton. According to reports, the debts include rent, management fees, parking and electricity consumption at Ofer Kiryon mall.
62% of Israelis Encountered Financial Fraud Attempt, Bank of Israel Survey Finds
A Bank of Israel survey finds that 62% of respondents encountered a financial fraud attempt, and 5% of them suffered financial loss. Among those aged 70 and over, the rate of victims stands at 12%.
Lilit Group to Acquire 51% of Vitamin Patch Brand MyPatch for About NIS 4 Million
Lilit Group, a cosmetics importer, is acquiring 51% of My Patch, which markets vitamin and plant-extract wellness patches, for about NIS 4 million. The company was founded about a year and a half ago by Dor Sultan, Israel and Ido Bukobza, and currently operates online.
Oil Prices Plunge on Expectations of a Diplomatic Solution with Iran
Oil prices fell sharply after Iranian President Masoud Pezeshkian said the Supreme Leader had granted the government authority to conduct peace talks with Washington. Brent crude traded at around $106.54 a barrel, while WTI fell to $97.65 a barrel.
Rafek Aims at 1,700 MW Power Plant; Stake Could Be Worth NIS 1.4 Billion
Ari Real Estate, controlled by Tzachi Abu, and a private company of Jacky Ben Zaken signed an agreement to sell 50.1% of the rights in the Orot Yitzhak power plant project to Rafek Energy. The consideration is estimated at between NIS 550 million and NIS 730 million, and the partners will continue to hold about half of the project together.
About Half of Real Estate Investors Who Sold Within Five Years Lost Money, According to Treasury Data
According to Treasury data cited by news outlets, about 47.5% of real estate investors who sold an apartment after holding it for up to five years sold at a real loss. The rate in the South reaches 62%, and in Jerusalem it stands at 27%.
Water Price to Rise 2.3% in January; Professional Officials Demanded a Higher Increase
The Water Authority Council decided to raise the water tariff by 2.3% at the beginning of 2027. Water Authority professionals, the Finance Ministry and the Environmental Protection Ministry demanded a doubled increase and lost the vote by a majority of one vote.
Binance CFO Resigns Following $6.3 Billion Hack
Kaiser Ng, chief financial officer of the crypto exchange Binance, will leave his position after more than five years at the company. The departure announcement comes about a week after a cyberattack in which digital currencies worth $6.3 billion were stolen.
S&P keeps Israel's credit rating at A with stable outlook
Rating agency S&P completed its semi-annual review of Israel and left the credit rating at A with a stable outlook. The decision comes half a year after the previous confirmation, and the rating is still two notches below the level Israel held before the war.
No more stories