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Navit Zomer
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
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
War and AI helped them surge: five veteran Israeli tycoons who thrived in a turbulent year
As Israel’s economy faced strain, five longtime business leaders, most over 70, capitalized on war-driven demand and the AI boom, from data centers and energy to chips, finance and defense, reshaping markets and posting major gains
Navit Zomer
|
04.22.26
Idan Ofer buys Manhattan office tower in $350 million bet on housing conversion
Israeli billionaire acquires 845 Third Avenue in Midtown East and plans to turn the 21-story office building into a 529-unit rental property, as New York pushes conversions to address vacant office space and boost housing supply
Hila Tsion, Navit Zomer
|
04.14.26
‘Exports halted, we’re losing tens of millions’: Israeli farmers hit hard by Iran war disruptions
War halts herb, citrus and avocado exports almost entirely; growers warn of massive losses, rising costs and long-term damage as flights stop, ports delay shipments and global fertilizer prices surge amid war with Iran
Navit Zomer
|
04.05.26
From small northern workshop to global stage, Israeli founder builds women-led tech industry powerhouse
Tal Kaufman, founder of Simtal Nano-Coatings Ltd, employs 99% women across communities as she recalls early debts, raising children on the factory floor and her journey from a struggling startup to global recognition
Navit Zomer
|
03.27.26
Rafael posts another year of record sales at 21.7 billion shekels for 2025
Defense contractor says sales up 30% - twice that of IAI and Elbit; net profit crosses the one billion shekel mark for the first time, with company reporting 74 billion shekels backlog
Navit Zomer
|
03.27.26
Fresh produce and food products will be more expensive due to war
Damage to infrastructure in the Gulf has led to a global shortage of fertilizers, and its price has already jumped by 180% in Israel; There is also a 35% increase in packaging prices due to the rise in oil prices; Manufacturers: 'More extreme than corona or war in Ukraine'
Navit Zomer
|
03.24.26
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