Category: Tel
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Tel Aviv court orders OpenWeb to freeze ousting of CEO
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Israeli open sharing platform Unicorn Open web CEO and co-founder Nadav Shoval achieved a temporary victory in the Tel Aviv District Economic Court, which ordered his dismissal to be suspended until the court discusses the matter between the two parties at the end of the month. Cheval is in dispute…
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In huge deal Patrick Drahi buys Tel Aviv Mandarin Oriental
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Global businessman Patrick Drahi bought Tel Aviv’s luxury seafront Mandarin Oriental project on Yarkon Street last year, Globes has learned, in a huge deal valued at nearly NIS 900 million. The two 25-storey buildings are also known locally as the Dolphinarium Towers. One of the two towers will be a…
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Tech employees prefer to live in Tel Aviv
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Technology employees are among the highest earners in Israel with the average gross monthly salary reaching NIS 32,215 in June, more than double the national average salary, according to the Central Bureau of Statistics. Between June 2023 and June 2024, the average Technology Employee salary increased by 8%, compared to…
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David’s Sling intercepts first Hezbollah missile fired at Tel Aviv
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It has been almost a year since the start of Operation Iron Swords, but while the intense rocket attacks on northern Israel continue, Hezbollah this morning, for the first time ever, fired a ballistic missile at the Tel Aviv area. It was intercepted by Israeli air defenses. David’s Sling system.…
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Tel Aviv ranked 41 for number of centi-millionaires
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Tel Aviv ranks 41st in the world in terms of the number of millionaires (those with investable liquid wealth of at least $100 million), according to the 2024 Millionaires Report by Henley & Partners and New World Wealth Research. The report found that there are 212 millionaires living in Israel,…
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Tel Aviv ranked 41 for number of centi-millionaires
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Tel Aviv ranks 41st in the world in terms of the number of millionaires (those with investable liquid wealth of at least $100 million), according to the 2024 Millionaires Report by Henley & Partners and New World Wealth Research. The report found that there are 212 millionaires living in Israel,…
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Foreign airlines resume Tel Aviv flights after pre-emptive strike
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It was business as usual at Ben Gurion Airport today, with 60,900 passengers expected to pass through on 353 international flights arriving and departing. Yesterday, more than 50,000 passengers passed through the airport, despite Israeli airspace being closed for several hours in the morning due to the Israel Defense Forces’…
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El Al milks monopoly on Tel Aviv – New York flights
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Since the outbreak of war last October, US airlines have dramatically reduced their flights to and from Israel and have now cancelled all of them, leaving El Al Israel Airlines Ltd. (level:Ilal) as the sole carrier on the Tel Aviv-New York route. This situation was clearly demonstrated in El Al’s…
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Passengers shun Tel Aviv light rail
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The Tel Aviv Light Rail Red Line opened exactly one year ago, promising to transform transportation, employment, real estate and the entire economy of the greater Tel Aviv area. Yet commuters remain skeptical, trains are slow and urban transport is weak. But in commerce and employment, we are seeing the…
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Tel Aviv light rail construction plagued by delays
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Major changes are underway deep inside Tel Aviv’s Ibn Gabirol Street. Tunnel boring machines have passed under the intersection with Nordau Street and reached what will become the Arlozorov station. The Green Line of the Tel Aviv Light Rail will extend from Rishon LeZion in the south via an underground…
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Tel Aviv TAMA 38 residential building plans in disarray
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Tel Aviv’s residential construction plans have been thrown into disarray by the Tel Aviv-Yafo municipality’s decision not to extend the Tama 38 project, which will reinforce and expand existing buildings to protect against earthquakes. A series of projects promoted in recent months will be halted and tenants will have to…
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Tel Aviv Port penthouse sold for NIS 36m
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A 243-square-meter penthouse apartment in the Hagag Group’s (TASE: HGG) Port TLV Residence project was sold for NIS 36 million. This is a new project that is set to occupy a long and complex history. Port TLV Residence is built on five privately owned plots of 2.5 dunams (2,500 square…
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Israelis flee Tel Aviv for more affordable housing
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Moving to Tel Aviv and living in the big city is often a stage in the lives of many young people. As the economic center of Israel, it is clear why Tel Aviv is a magnet for young people from all over the country. However, new data reveals that in…
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Tel Aviv fast lanes set to open next year
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Construction is currently underway on express lanes to Tel Aviv on the Ayalon Road (Route 20). The lanes are scheduled to open gradually next year, and will extend from Rishon LeZion in the south to Shefayim in the north, with parking lots for thousands of vehicles at each end. The…
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Tel Aviv fast lanes set to open next year
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Construction is currently underway on express lanes to Tel Aviv on the Ayalon Road (Route 20). The lanes are scheduled to open gradually next year, and will extend from Rishon LeZion in the south to Shefayim in the north, with parking lots for thousands of vehicles at each end. The…
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Tel Aviv fast lanes set to open next year
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Construction is currently underway on express lanes to Tel Aviv on the Ayalon Road (Route 20). The lanes are scheduled to open gradually next year, and will extend from Rishon LeZion in the south to Shefayim in the north, with parking lots for thousands of vehicles at each end. The…
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Tender for Tel Aviv congestion charge operator on horizon
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The congestion charge law was passed as part of the economic reform arrangements law accompanying the 2021 budget, and is scheduled to go into effect in 2025, although the transportation minister and finance minister have the authority to delay it until 2026. Globes has now learned that the finance ministry…
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Tech deals revive Tel Aviv’s office market
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Recent times have not been the best for the office real estate sector in Israel. The slowdown in the tech industry in Israel and around the world, rising interest rates, political instability in Israel and of course the war have all contributed to a significant slowdown, especially after the boom…