Israeli airline El Al doubled its second-quarter net profit as the carrier recovered from disruptions caused by fighting between Israel and Iran, benefiting from stronger demand and a near-monopoly position as foreign airlines largely remained absent. Israel’s flag carrier reported net profit of $132 million, up from $66 million a year earlier. Revenue rose to…
Global oil prices climbed after Yemen’s Houthi movement claimed it had targeted a Saudi oil tanker in the Red Sea, renewing concerns about the security of one of the world’s most important energy shipping routes. Brent crude rose above $80 per barrel as traders reacted to the possibility of renewed disruptions affecting Middle Eastern oil…
Key findings for Ellomay Capital Ltd (israel) (NASDAQ: ELLO) Strong Sentiment Across All Horizons Supports Overweight Bias A mid-channel oscillation pattern is in play. Exceptional 72.7:1 risk-reward setup targets 22.2% gain vs 0.3% risk Signals: 19.60 · 20.30 · 23.96 · 28.52 (bold = current price) Strong Sentiment Across All Horizons Supports Overweight Bias —…
Iran and Oman have agreed a route for ships transiting the Strait of Hormuz and are putting the final touches on arrangements for jointly managing the passage, Tehran’s foreign ministry said on Wednesday. Iran has seized de facto control of the strait, a strategic waterway for the global energy trade, since the United States and…
The shekel’s rise to levels not seen in decades was interpreted by the markets as a vote of confidence in the Israeli economy. Yet in the economy’s strongest sector, that same sign of strength sounds more like an alarm bell. What appears from the outside to be a badge of economic excellence looks from within…
8 US-Israel-Iran War Latest Live News: Fresh diplomatic efforts to reduce tensions in the Middle East have raised hopes that one of the world’s most important oil shipping routes could remain fully operational despite weeks of regional conflict. The United States has confirmed that commercial vessels continue to move safely through the Strait of Hormuz while…
In a briefing paper published on its website, the Labour organisation argued that a prohibition on trade with illegal settlements in the West Bank would amount to a “de facto boycott of Israel” as a whole, which it suggests would be “antisemitic”. The lobby group also appeared to justify illegal settlements in “major blocs” on…
Event Geopolitical tensions are reshaping Azerbaijan’s geoeconomic position. Following Russia’s invasion of Ukraine, Europe has intensified its efforts to diversify its energy supplies and trade routes, increasing Azerbaijan’s importance as both an energy supplier and a transit country. These developments create significant economic opportunities, although regional instability continues to expose the country to security risks….
While the Israeli tech sector seeks stability, the domestic cybersecurity industry continues to heat up with the announcement by Israeli cyber startup Oligo Security that it has completed a $60 million financing round. The total capital raised by the company since its establishment in 2022 stands at approximately $140 million. The latest round was led…
Image for representation purposes only Indian-Flagged Cargo Ship MSV Faize Noore Oliya overturned and later sank after being struck by an unknown projectile off Yemen in the Red Sea. The ship had 14 crew members, all Indians except one who was from Yemen. The attack happened around 13 nm south of the Port of Hodeidah,…
