Globes

Five years after listing on Nasdaq through a SPAC merger at a market cap of $3.1 billion, Israeli auto-tech company REE Automotive (Nasdaq: REE) reached the end of the road last week, at least as a publicly traded company, with a Nasdaq delisting notice. The company currently has a market cap of just $6.11 million.

The sudden collapse of summer camps company Simad Holdings, whose owners emptied it of its cash, struck investors in Tel Aviv with dismay. Towards the end of May, less than six months after it raised NIS 620 million in a bond offering in Tel Aviv, the company from New York was plunged into a debt crisis, in what is emerging as one of the fastest crashes in the history of the local stock market.

click Apartments sold and rented French businessman buys 8 Jerusalem apartments This will be the second successive interest rate, after the Bank of Israel cut the rate by 0.25% at its most recent meeting in late May and its fourth rate cut since November 2025.

Second-hand apartments sold Tel Aviv and central region Tel Aviv: A 57 square meter, two-room, ground floor apartment on Hashoftim Street in the city center was sold for NIS 2.85 million. A 84 square meter, three-room, fourth floor apartment with parking on Eli Tabin Street in the Hamishtala neighborhood was sold for NIS 3.3 million. A 144 square meter, five-room, second floor apartment with parking on Avraham Harkaby Street in the Tel Haim neighborhood was sold for NIS 3.7 million.

In a huge deal in Israel’s real estate sector, Ari Real Estate (TASE: ARIN), controlled by Tzachi Abu, has acquired a 26% controlling stake in income producing real estate company G City (TASE: GCT) (formerly Gazit Globe), from Chaim Katzman’s Norstar Holdings (TASE: NSTR) for NIS 661 million. The purchase reflects a company valuation of NIS 2.55 billion for G City.

The main indices on the Tel Aviv Stock Exchange were mixed on Friday. The Tel Aviv 35 Index fell 0.44%, to 4,123.88 points; the Tel Aviv 125 Index rose 0.03%, to 4,099.62 points; and the BlueTech Global Index rose 0.07%, to 685.30 points. The TelBond 60 corporate bond index rose 0.06%, to 427.97 points. Turnover totaled NIS 1.98 billion in equities and NIS 2.25 billion in bonds.

Industry sources say that the retail chain regards its new Mobility division as a strategic arm for long-term business development. The Rami Levy group is gearing up for significant expansion of its car sales through its Mobility division, which was set up for this purpose. Rami Levy has an agreement with Dalhom for marketing BAIC and Foton models, but the physical display area for the vehicles is limited and marketing mostly takes place online.

The main indices on the Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.49%, to 4,142.12 points; the Tel Aviv 125 Index rose 0.52%, to 4,098.21 points; and the BlueTech Global Index rose 1.38%, to 684.80 points. The TelBond 60 corporate bond index rose 0.10%, to 427.73 points. Turnover totaled NIS 4.31 billion in equities and NIS 3.31 billion in bonds. Today’s outstanding sector was defense. The Tel Aviv Defense Index rose 3.07%.

Insurance company Migdal is buying 14% of the company at a post-money valuation of NIS 2.325 billion. Migdal is buying 14% of Guy & Doron Levy Engineering, Construction and Investment for NIS 325 million, continuing its acquisition campaign among real estate companies. Guy & Doron Levy is a privately-held real estate company develops residential projects and income-producing projects, and is owned by brothers Guy and Doron Levy.

The strongest Israeli stock traded on Wall Street in the first half of 2026 was Silicom (Nasdaq: SILC), which rose 226%, including 14% over the last week of June, to give a market cap of $276 million - although it lost 7.84% on the first day of July. The Kfar Saba-based company provides network and data infrastructure solutions and is benefiting from the trend of investments in AI infrastructure.