Category: NIS
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Aaron Frenkel invests NIS 800m in Alony Hetz
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Aaron Frenkel has shown an impressive ability in recent years to spot investment opportunities on the Tel Aviv Stock Exchange to generate huge gains for himself. This was the case in the case of the drone company Aeronautics, and especially in the case of the income-generating real estate company Gav-Yam…
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Investors in talks to buy Colmobil stake at NIS 8b valuation
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Yoav Harlap appears ready to sell his 28% stake in Israel’s largest car importer to institutional investors. Yoav Harlap, who owns a 28% stake in Colmobile, is in talks to sell his stake to institutional investors at a valuation of the company at NIS 8 billion. Colmobile is the largest…
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Investors in talks to buy Colmobil stake at NIS 8b valuation
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Yoav Harlap appears ready to sell his 28% stake in Israel’s largest car importer to institutional investors. Yoav Harlap, who owns a 28% stake in Colmobile, is in talks to sell his stake to institutional investors at a valuation of the company at NIS 8 billion. Colmobile is the largest…
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Yoni Nahmad buys NIS 51m Rothschild 10 apartment
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Yoni Nahmad (24 years old), a member of a Jewish billionaire family residing in Monaco, bought an apartment for NIS 51 million in the luxury Rothschild 10 project in Tel Aviv. The family has an extensive real estate portfolio which Nahmad has been managing in recent years in addition to…
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Yoni Nahmad buys NIS 51m Rothschild 10 apartment
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Yoni Nahmad (24 years old), a member of a Jewish billionaire family residing in Monaco, bought an apartment for NIS 51 million in the luxury Rothschild 10 project in Tel Aviv. The family has an extensive real estate portfolio which Nahmad has been managing in recent years in addition to…
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Compulsory purchases for Metro will cost over NIS 10b
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Globes has learned that the cost of the compulsory purchase of land for the purposes of constructing the subway network in and around the Gush Dan area of Tel Aviv will be no less than NIS 10 billion, making the compulsory purchase the largest ever undertaken in Israel. In order…
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Israelis shunning NIS 200 bills due to abolishment fears
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With the Israeli government considering scrapping the 200-shekel banknote to fight the black economy and tax evasion, some Israelis are reportedly already taking action. Although the Bank of Israel has poured cold water on the idea, saying that “no sufficiently well-founded professional justification has been provided,” there are reports of…
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Bank of Israel sounds skeptical about abolishing NIS 200 bill
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Following the Globes report of the proposal to abolish the 200-shekel note, and the prime minister’s announcement that a discussion on the issue was needed, the Bank of Israel issued its first public, somewhat skeptical, comment. The bank said it would “present its professional position on such a move, if…
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Treasury unveils new taxes worth NIS 40b for 2025 budget
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The Finance Ministry today unveiled sweeping measures including NIS 35-40 billion in cuts to reduce Israel’s ballooning fiscal deficit to 4% in 2025. The measures were unveiled in the Tax Bill and the Anti-Dark Capital Bill, part of the Economic Arrangements Bill, which will accompany the 2025 budget. The measures…
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Netanyahu orders discussion on canceling NIS 200 bill
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Prime Minister Benjamin Netanyahu has instructed the finance minister, the governor of the Bank of Israel, the heads of the Israel Tax Authority and the Arab Community Crime Bureau to hold a discussion on abolishing the 200-shekel bill. The move is expected to help combat black capital and, according to…
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Melisron buys Aviv Development stake for NIS 625m
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This is the third real estate exit for Doron Aviv and his sister Dafna Harlev after selling Osif to Arkady Gaydamak in 2007, and 50% of Aviv Development to Melisron in 2022 for NIS 845 million. Leora Ofer’s Melisron (TASE: MLSR) has acquired the entire stake in Aviv Development, owned…
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FIMI sells TAT Technologies stake for NIS 129m
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Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…
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FIMI sells TAT Technologies stake for NIS 129m
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Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…
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FIMI sells TAT Technologies stake for NIS 129m
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Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…
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FIMI sells TAT Technologies stake for NIS 129m
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Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…
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Cabinet approves extra NIS 3.3b budget for evacuees
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The Israeli government today approved a NIS 3.3 billion increase to the 2024 budget, as proposed by Finance Minister Bezalel Smotrich, most of which will be used to help the displaced. The proposal did not appear on the cabinet agenda today but was added at the last minute. The funds…
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Mortgage taking tops NIS 9b for first time since 2022
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In the first seven months of 2024, mortgage loans worth NIS 45 billion were taken out, 4% more than in the corresponding period of 2023, despite a 40% decrease compared to the first seven months of 2022. Israel’s mortgage market saw a significant increase last month, with homebuyers taking out…
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Sde Dov penthouse sells for NIS 19.5m
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Avsoror Moshe & Sons sold a penthouse apartment in the Ashera project in Sde Dov, north of Tel Aviv, for NIS 19.5 million, the company said. The buyers were a young couple from north Tel Aviv who work in the technology industry. The penthouse sold by Avsror is 144 square…
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Defense IT co TSG raises NIS 62m in TASE IPO
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TSG Group, which makes advanced IT systems for the defense industry, raised NIS 62 million in an initial public offering on the Tel Aviv Stock Exchange (TASE) at a valuation of NIS 462 million, post-money. TSG is equally owned by Israel Aerospace Industries and Formula Systems (TASE: FORTY) and is…