2.5 billion reasons to believe in Sde Dov. Three major real estate deals in 24 hours. AI jobs for reservists. TV10 Daily
Re: January 12, 2026 in Israel - and what it all means for investors at home and abroad.
Quick takes:
If you want to know what the smart money thinks about the future of Israel, look at the credit committees - not the politicians.
Yesterday, three separate deals involving Israel’s largest banks and real estate developers signaled a massive vote of confidence in the local housing market. When Mizrahi-Tefahot and FIBI agree to write a 2.5 billion NIS check for a single luxury project in Tel Aviv they are betting that the “War Discount” on Israeli assets will be a distant memory by 2030.
Today we are looking at the real estate financing boom, Elbit’s new Asian mega-contract, and the infrastructure fund doubling down on waste recycling.
Real estate financing
Mizrahi and FIBI sign a 2.5B NIS deal to finance Avisror’s Ashira project in Sde Dov.Real estate exit strategy
Gideon Tadmor buys out JTLV’s stake in Duniec-Elad for 426M NIS.Gas deal profits
8.8B NIS in cumulative excess profit levies, with 2025 collections jumping 30%.Green infrastructure
Aluma Fund invests 45M NIS to take control of recycling giant Greenmix.Defense deal
Elbit Systems secures a $275M contract to supply electronic warfare suits to an Asia-Pacific nation.Tech talent
New 10M NIS fund will retrain 750 reservists as AI leaders.
Real estate deal notes
The defining theme leading the week is the volume of capital moving into the real estate sector. Three deals stand out:
The Sde Dov mega-deal
Mizrahi-Tefahot (TASE:MZTF) and First International Bank (TASE: FIBI) signed a financing agreement worth 2.5 billion NIS with developer Avisror Moshe & Sons. The capital will fund the “Ashira” project in the coveted Sde Dov district (North Tel Aviv). The project includes hundreds of luxury units on land Avisror purchased for 1.1B NIS in 2021. Completion is planned for 2030.
Financing of this magnitude for a single project is a leading indicator. The banks are effectively calling the bottom on the uncertainty that plagued the sector in 2024-2025.
Tadmor’s play for Duniec
Energy tycoon Gideon Tadmor and institutional investors acquired JTLV Fund’s entire 25% stake in Duniec-Elad (TASE: DUNT) for 426 million NIS (270.83 NIS per share).Leumi’s equity injection
Leumi Partners is investing 90 million NIS in Netanel Group (TASE: NTGR), a 50/50 split between equity and debt, valuing the company at a future 520M NIS.
Defense - Elbit’s pivot to Asia
Elbit Systems (NASDAQ: ESLT) announced a $275 million contract today to supply advanced Electronic Warfare (EW) suites to an undisclosed country in the Asia-Pacific region. The 5-year contract includes the DIRCM (Directional Infrared Counter Measures) system, which uses lasers to protect helicopters and small aircraft from shoulder-fired missiles. Shares jumped more than 7.57% on the news.
As global tensions rise, Elbit is proving that its order book is geographically diversified well beyond the IDF and NATO.
Energy - an 8.8 billion cushion
The Israel Tax Authority released updated figures today on the “Sheshinski Tax” (levies on excess profits from natural resources), revealing a growing financial safety net.
Total levies collected to date have reached 8.8 billion NIS.
2025 was a strong year, with collections hitting 1.3 billion NIS, a 30% increase over the 1 billion NIS collected in 2024.
7.3 billion NIS of the total is now classified as “final” (conclusive), meaning these funds are transferred to the Citizens of Israel Fund (Sovereign Wealth Fund) for long-term investment.
This is separate from standard corporate taxes and royalties, which flow directly into the state’s current operating budget.
Infrastructure & environment - Aluma goes zero-waste
Aluma Infrastructure Fund (TASE: ALUMA) is betting big on the circular economy. The fund announced it is exercising an option to invest 45 million NIS in Greenmix, a leader in construction waste recycling.
Aluma will hold up to 50% of Greenmix, with an option for full control. Greenmix operates Zero Waste facilities that turn construction debris back into raw building materials, a sector primed for growth given the expected post-war reconstruction boom.
This follows a hot streak for Aluma, which recently signed two exits worth over 500 million NIS (ExceLerate and Esco), generating returns of 3.5x-4x.
Closing the ‘reservist experience gap’
The Israel Innovation Authority launched a 10 million NIS initiative to address a specific post-war anomaly: the ‘experience gap’ facing reservists.
The program will train 750 IDF reservists (who served extended tours) to become AI implementation leaders in the high-tech sector.
Many reservists missed the critical 2024-2025 AI boom while serving. This course aims to fast-track them into AI Lead roles.
TASE daily briefing: defense sector rallies while market trends mixed
Yaniv Pagot, EVP at the Tel Aviv Stock Exchange, appeared on the ‘Continuous Trading’ program saying, “It is not certain that this year will see fantastic returns like 2025.”
Market overview
Trading on the Tel Aviv Stock Exchange showed mixed trends today. While the flagship index edged higher, the broader market saw slight declines.
Sector spotlight - defense stocks surge
The Defense Index is the clear outlier today, climbing 2.2% after closing lower on Friday.
Elbit Systems (TASE:ESLT) jumped 7.57% after announcing new contracts totaling $275 million to supply Electronic Warfare (EW) suites.
Axon Vision (TASE:AXN) skyrocketed 18.87%. The AI-based defense solution developer received a new order worth $350k from its strategic US partner, Leonardo DRS.
Aryt Industries (TASE:ARYT) gained 9.59%.
Next Vision (TASE:NXSN) is up 5.56%.
Other Notable Movers
Retailors (TASE:RTLS) the sports arm of Fox Group (and Nike store operator) rose 5.9%.
Ormat Technologies (TASE:ORA), the renewable energy company added 2.65%.
Medipower (TASE:MDPR) gained 2.96% after reporting a new joint venture worth 700 million NIS.
Laggards today - Insurance & Finance
More Investments (TASE:MRIN) -2.21%
Menora Mivtachim (TASE:MMHD) -1.96%
Migdal Insurance (TASE:MGDL) -1.43%
Phoenix (TASE:PHOE) closed the day (+0.07%) despite the joint venture announcement with Medipower.
TASE snapshot for Monday, Jan. 12, 2026
TA-35 Index (TASE:TA35): 🟢 +0.68%
TA-90 (TASE:TA90): 🔴 -0.08%
TA-125 (TASE:TA125): 🟢 +0.49%
That’s our Monday here in Israel 🎉
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Disclaimer: This brief is for informational purposes only and does not constitute investment advice. All data current as of publication date.