Business


Bicycle Sharing, Imported from China

The Chinese bicycle-sharing company Ofo has opened a branch in Israel and intends to do for bicycling what others have done for ride-sharing. Ofo offers an app which enables customers…

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Toys R Us to Close 182 Stores

Toys R Us, a nostalgic favorite even as many shoppers moved to Amazon and huge chains like Walmart, plans to close up to 182 stores after struggling during the year-end…

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Haifa Port: 2017 Record Year

Haifa Port reported that it handled 26 million tons of merchandise in 2017 – the most ever in Haifa, and the most for any Israeli port in a single year.…

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Report: Israel Postal Corporation May Be Privatized

Next in line for government privatization is the Israel Postal Corporation (IPC), according to a report in Yisrael Hayom Tuesday. At a meeting Monday that included Finance Minister Moshe Kahlon,…

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Small Businesses to Gov’t: Stay Out of Our Way

No fewer than 95 percent of business owners believe that the government does nothing to help them — and most believe that government policies actually harm businesses. The data comes…

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Rami Levy to Buy 20 Percent of Cofix

Supermarket king Rami Levy is buying 20 percent of the Cofix chain, Levy’s office announced Monday. The deal is worth NIS 105 million, and will give Levy an opportunity to…

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New Law Would Limit Cash Transactions

The Finance Ministry is promoting a law that would limit the use of cash in business deals in Israel. The law would limit cash transactions between individuals to NIS 25,000.…

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Dow Chemicals Opens Israel Office

Dow Chemicals, one of the largest chemical manufacturers in the world, has opened an office in Israel. The company hosted a gala event attended by the heads of some of…

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Nazi-Themed Items for Sale on Amazon

One can purchase just about anything on Amazon: furniture, clothing, electronics … and neo-Nazi toys. Among the millions of items for sale on the online retailing giant’s website are various…

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