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Navit Zomer

‘The market woke up from the dream’: What’s rattling the Tel Aviv Stock Exchange?

While Wall Street and Europe rally on US-Iran agreement, Israeli investors see strategic setback, sending Tel Aviv shares sharply lower as banks, energy, insurance and real estate stocks lead decline

Navit Zomer | 06.18.26

Israeli defense firms’ booths closed again at Eurosatory arms fair in Paris

Organizers shut booths of Israeli companies displaying offensive weapons systems, including Smart Shooter, Orbit, Aeronautics and Controp, while firms showing defensive systems, such as IAI, Rafael and Elbit, were allowed to remain

Tamar Sebok, Itamar Eichner, Navit Zomer | 06.15.26

Haifa Bay suburbs to welcome first hotel

Park Eden will bring 100 rooms, a rooftop pool, spa and business floor to Kiryat Motzkin, with completion expected in 2029

Navit Zomer | 06.11.26

Pharma giant Teva to cut 250 jobs at Israel plant

Layoffs at Teva Tech in Ramat Hovav are part of a global restructuring of TAPI, Teva’s active pharmaceutical ingredients unit, as the company weighs a possible sale

Navit Zomer | 06.10.26

Israel’s lost tourism summer: Jewish groups abroad cancel trips in droves

Taglit hoped to bring 20,000 young participants and the Maccabiah expected about 10,000 athletes and relatives, but war fears, travel warnings and limited flights are expected to cut arrivals by more than half

Navit Zomer | 06.03.26

Foreign workers reshape Israel’s post-October 7 labor market

From supermarkets and garages to construction sites and hotels, 240,000 foreign workers are filling gaps left by Palestinian laborers and Israelis no longer drawn to physical jobs

Navit Zomer, Iris Lifshitz-Klieger | 05.31.26

Rafael profit rises 23% as backlog hits $24 billion and Defense Ministry debt swells

Rafael’s first-quarter reports show growth across key metrics, with net profit up 23% and orders up 28%; CEO Yoav Turgeman says the Defense Ministry’s debt to the company has climbed to nearly 7 billion shekels, calling delayed payment ‘not a badge of honor for Israel’

Navit Zomer | 05.28.26

Elbit will modernize a European country's military for $1.4 billion

The company announced that it has signed a five-year contract with a European country to supply autonomous unmanned vehicles, ground-based electronic warfare systems, precision-guided munitions for artillery and air-to-ground attacks, and electro-optical marking systems

Navit Zomer | 05.26.26

She bought a tiny Holon company and now it’s worth 8 billion shekels

From a small Holon business to a global empire: Karen Cohen Khazon built Turpaz into an 8 billion shekel flavor and fragrance group operating in 90 countries through an aggressive worldwide acquisition strategy

Navit Zomer | 05.25.26

Luxury Sea of Galilee resort to open in 3 years after $173 million investment

The Amnon Bay resort will include 200 suites with private pools, restaurants and commercial space on the northern shore of the Sea of Galilee, with Isrotel set to operate the hotel

Navit Zomer | 05.24.26

Beit Shemesh mystery blast: what to know about the defense company behind it

A loud explosion and large fireball alarmed locals, but defense company Tomer says it was a planned test, emergency forces were notified in advance and distant videos exaggerated the blast

Navit Zomer, Gilad Cohen | 05.17.26

Despite Eurovision boycott, Finland hosts massive Israeli defense industry delegation

Finnish military officials presented procurement plans as 32 Israeli companies, including Elbit, Rafael and seven startups, sought new deals and deeper cooperation

Navit Zomer | 05.14.26

Meat Man brothers to open fine-dining steakhouse atop Tel Aviv's Azrieli Tower

Renard will replace 2C on the 49th floor of Tel Aviv’s round tower after a 9 million shekel investment, pairing panoramic views with premium meat supplied by the Lagziel brothers’ own processing plant

Navit Zomer | 05.11.26

Israeli group makes surprise $4.5B bid for ZIM after merger deal

Offer, which challenges ZIM’s existing merger deal with Hapag-Lloyd and FIMI, includes a promised $250 million employee bonus and a pledge to keep ZIM’s fleet and operations under Israeli control

Navit Zomer | 05.06.26

ריצ'רד פרנסיס, נשיא ומנכ"ל טבע, במפגש העיתונאים

Teva resumes acquisitions with $900 million Emalex deal after decade-long hiatus

Teva will pay $700 million upfront and up to $200 million more for Emalex, which develops a Tourette syndrome treatment granted orphan drug status; the deal comes as the company reports $4 billion in quarterly revenue and $369 million in net profit, beating forecasts

Navit Zomer | 04.29.26