Rafaels Order Backlog Hits Record $23B as Company Contemplates Historic IPO
Rafael Advanced Defense Systems' order backlog hits a record $23 billion, with management reviving plans for a historic IPO following increased demand and.
Business
Leading Israeli Insurance Firms Assets Under Management Reach $13.5 Billion
Hachshara Insurance Ltd. achieved a 38% profit rise and record $13.5 billion in assets under management by June 2026, driven by strong growth.
Israels Largest Retailer Posts Weak Q2 Results
Shufersal, Israel's largest retailer, reported a 7.5% revenue drop and 34.5% net profit fall in Q2, leading to a significant decline in its market value.
Israeli Cybersecurity Companies Echo, Minimus Reach Asset Deal
Israeli cybersecurity firm Echo has acquired key assets from Minimus, integrating its operating system technology and enhancing Echo's platform.
Israeli AgriTech Firm Acquires Global Food and Farming Analysis Company
Tel Aviv-based CropX Technologies has acquired Wilmington, Delaware's SCIO, a portable crop analysis firm, to enhance its digital farming solutions.
Israel Aerospace Industries Lands $1 Billion Satellite Deal with Nigeria
Nigeria's Federal Executive Council approved a $1 billion deal for an advanced communications satellite from Israel Aerospace Industries, boosting digital.
Israeli Cashless Payments Firm Makes $350 Million Cash Acquisition
Israeli fintech Nayax announced a $350 million cash acquisition of U.S. smart parking company IPS Group, significantly expanding its automated payment market.
AI Security Firm Alice Raises $140 Million, Nears $100 Million in ARR
AI security company Alice raises $140 million, led by Apax Digital, as it nears $100 million in ARR, protecting 3 billion users and top AI labs.
Competition Commissioner Publishes Agreed Order with Carmel Wineries
Israel's Competition Commissioner has proposed an agreed order with Carmel Wineries, defining it as a monopoly and major supplier under new regulations.
Formula Systems Reports Record Q2 & First-Half Results, Close to $25 Million Dividend
Formula Systems announces record Q2 and first-half 2026 results, including nearly $25 million in dividends, following the acquisition of Sapiens.