Diamond Industry Reaches Truce: Lab-Grown Stones Now Accepted by Major Players
The global diamond industry is undergoing a significant shift in its stance towards laboratory-grown diamonds, with senior figures from the world’s most influential organisations abandoning their previous adversarial positions. Leaders from the World Diamond Council (WDC) and the International Gemological Institute (IGI) have adopted a more pragmatic approach, signalling that the industry’s battle lines are […]
Hollywood upheaval: Paramount Studios faces potential relocation as merger faces legal challenge
Paramount Studios could be forced to vacate its iconic Hollywood headquarters far sooner than anticipated, as a federal lawsuit raises serious concerns about the company’s planned merger. Legal filings argue that the proposed deal would grant the merged entity unprecedented monopolistic power over film distribution and cable television markets, potentially reshaping the entertainment landscape. The […]
Worker dies after falling from height at Rahat factory
A man in his 30s has been killed in a fatal workplace accident at an industrial facility in Rahat on Tuesday evening. According to initial reports, the worker fell from an elevated structure whilst carrying out his duties at the site. He was rushed to the local medical centre in the southern Bedouin city, where […]
Haifa Bay transformation given green light with approval of major waterfront development plans
Israel’s National Planning and Building Council has approved environmental assessment guidelines for two major new districts in Haifa Bay, marking a significant milestone in one of the country’s most ambitious urban regeneration projects. The approval covers districts 3 and 4 of the Tama 75 scheme, a comprehensive master plan aimed at transforming the industrial waterfront […]
Popular Ashkelon Restaurant Gutted by Fire Just Weeks After Opening
A newly opened restaurant in the southern Israeli city of Ashkelon has been destroyed in what authorities suspect was arson. The Tree, which had only been operating for around a month, was engulfed in flames overnight, with the fire spreading to neighbouring businesses and causing significant damage to the surrounding area. Firefighters responded to the […]
Tax authorities investigate southern dentist over £2m income discrepancy
Israel’s tax authority has launched an investigation into a dentist from Beersheba in southern Israel on suspicion of failing to report income worth millions of shekels. According to the tax authority’s findings, the discrepancy between actual deposits and reported income exceeds 10 million shekels (approximately £2 million). The investigation centres on allegations that the dentist […]
New York court halts controversial property tax reassessment affecting Israeli businessman’s portfolio
A Manhattan judge has ordered a temporary halt to New York City’s contentious property tax reassessment programme, dealing a blow to Mayor Eric Adams’s administration. The controversial initiative, which has sparked significant public outcry across the city, will be suspended until the end of the month whilst legal challenges proceed. Some 17,000 property owners have […]
Global arms demand drives Elbit Systems to record order backlog
Israeli defence contractor Elbit Systems has reported strong financial results for the first half of 2026, posting revenues of $2.3 billion and net profit of $173.6 million under US-GAAP accounting standards. The company’s order backlog has reached an all-time high, driven by increased global demand for defence equipment and military technology. The company’s leadership attributed […]
250 Million Shekel Transport Hub to Tackle Tel Aviv Congestion
Israel is launching a major new transport interchange project worth over 250 million shekels (approximately £55 million) near Highway 40 in the Gush Dan region, aimed at alleviating chronic traffic congestion in and around Tel Aviv. The facility, known as the Tayeset Interchange Station, will serve as a crucial hub to encourage commuters to shift […]
Fraud Suspected at Israel Electric Company in £1 Million Scam
Police have arrested a key suspect in a suspected fraud case involving approximately 5 million Israeli shekels (around £1 million) at Israel’s state-owned Electric Company. The Coastal District fraud unit made the arrest on Monday as part of an ongoing investigation into the alleged embezzlement scheme. A district court has ordered the suspect to remain […]