Category: 6. Business
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ILA opens tenders for 4,600 Sde Dov homes
Two weeks after the Israel Land Authority published tenders for 7,100 homes in the Tel Aviv district of Sde Dov, three tenders were opened yesterday for bids by developers totaling 4,613 housing units. Two of the tenders are in the… Continue Reading
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US rate cuts won’t necessarily strengthen shekel
On the eve of the US Federal Reserve’s first rate cut since 2020 and since it began raising rates sharply two years ago, the gap between the US dollar and shekel interest rate was 1% higher in favor of the dollar. Yesterday’s… Continue Reading
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Israel Canada to buy Brown Hotels chain
Real estate company Israel Canada (TASE: ISCN) controlled by Barak Rosen and Asi Touchmair, has announced the signing of two non-binding memorandums of understanding (MoUs) to acquire the activities of Brown Hotels in Israel and… Continue Reading
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The new opportunity: Tel Aviv’s prestigious heart expands towards Floren
The beating heart of Tel Aviv is moving towards the new Florentin, expanding towards Salameh Road. Let’s focus on an area that has become a real estate icon, inspiring the entire surroundings. The next Rothschild Boulevard is here! It might… Continue Reading
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Playtika buys Israeli mobile gaming co SuperPlay for up to $1.95b
Israeli mobile games developer Playtika Holding Corp. (Nasdaq: PLTK) has announced that it is acquire Israel-based mobile gaming company SuperPlay for $700 million, plus additional contingent consideration of up to $1.25 billion,… Continue Reading
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Nine dead, hundreds injured in second round of explosions in Lebanon
Nine people have been killed and over 300 injured, Lebanon’s Healthy Ministry reports, after walkie-talkies belonging to Hezbollah activists exploded this evening. Nine people have… Continue Reading
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Gold, silver rallies pause as FOMC meeting looms
Goldman Sachs is sticking with its $2,700 an ounce price target for gold but said investors should be wary of the possibility of a 25-basis-point cut during today’s scheduled FOMC meeting. Last week, gold appeared to price in the… Continue Reading
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Israeli startup Mine appoints 5 top execs in major expansion
Israeli data privacy startup Mine has announced the appointment of five senior executives to its leadership team. Mine, which raised $30 million in a Series B financing round last December, develops B2C and B2B privacy and data… Continue Reading
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WGC’s Reade: Gold has rallied into headwinds; what’s next?
John Reade of the World Gold Council has seen gold rally to record highs of about $2,575 an ounce despite a strengthening dollar and rising interest rates in Europe and the U.S. Now, he’s looking to the yellow metal to see how it performs… Continue Reading
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Fearing reprisals European airlines cancel Israel flights
French national carrier Air France has announced that the cancellation of Israel flights until September 20, having initially announced the cancellation of flights to Tel Aviv until September 19 after the beeper explosions in… Continue Reading
