Category: NIS
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Paz sells real estate assets for NIS 127m
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Paz Retail and Energy (TASE: PAZ) announced today that it has sold land and logistics assets for a total of NIS 127 million to Egged Real Estate, the real estate arm of Egged Transportation and Keystone Infrastructure Fund (TASE: KSTN), and Nadav Corporation. for. Logistics services. Three assets are the…
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Treasury short of NIS 30b as budget deadline nears
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After two and a half months, and assuming no further delays, the 2025 state budget will be submitted to the government for approval this Thursday. Although there is little time left, the package of measures presented by Finance Minister Bezalel Smotrich aimed at narrowing the fiscal deficit is still full…
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Defense Ministry signs NIS 2b laser defense system deal
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Director General of the Israeli Ministry of Defense, General Eyal Zamir (res.), last night signed an order worth NIS 2 billion to expand serial production of Iron Beam – the first laser interceptor system developed by Israel. As part of the agreement concluded between the Directorate of Defense Research and…
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Mizrahi Tefahot lends Omer Adam’s server farm co NIS 410m
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Mizrahi-Tefahot Bank lends 410 million shekels to Annan data centers. Behind the project is PAI, a company owned by singer Omar Adam and his family. Adam’s business partners, the Maor brothers and Sinir Maloul, owners of the real estate company HSM Europe-Israel Investments; and the Swiss-based Layan Group of Nissim…
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Mizrahi Tefahot lends Omer Adam’s server farm co NIS 410m
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Mizrahi-Tefahot Bank lends 410 million shekels to Annan data centers. Behind the project is PAI, a company owned by singer Omar Adam and his family. Adam’s business partners, the Maor brothers and Sinir Maloul, owners of the real estate company HSM Europe-Israel Investments; and the Swiss-based Layan Group of Nissim…
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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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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…