Wage data up YoY. Doctors recruited to Gaza Envelope. Delek ₪930 million gas station upgrade. Dan Hotels snaps up NYC property.
Re: February 4, 2026 in Israel - and what it all means for investors at home and abroad.
Quick Takes:
Energy: Prime Energy and Delek Properties to invest ₪930 million transforming 65 gas stations into battery storage hubs.
Cyber: Orion Security raises $32 million Series A led by Norwest to bring autonomous AI to data protection.
Real Estate: Gav-Yam reports a 10% jump in NOI to ₪759 million and 97% occupancy, defying the “war economy” slowdown; ; Dan Hotels buys a NYC hotel for $125 million.
Labor: Government approves grants of up to ₪600,000 for specialist doctors relocating to the Gaza Envelope (Tkuma); Average wage in December climbed to ₪14,349.
Energy
Delek Properties (TASE:DLEKG) and Prime Energy (TASE:PRIM), both controlled by Lahav LR (TASE:LAHAV), are launching the country’s largest private distributed energy project.
The partnership will convert 65 existing Delek gas stations into ‘Advanced Energy Centers.’ Instead of just pumping fuel, these sites will host massive BESS (Battery Energy Storage Systems).
Total investment is projected at ₪930 million. Once fully operational, the venture forecasts annual revenue of ₪227 million and EBITDA of ₪107 million. The projected project yield is 12%, with a robust 23% return on equity.
The roadmap includes expanding this model to the entire ‘Delek Israel’ network (240 stations), aiming for a colossal 5 GWh of aggregated storage capacity. This allows the stations to support ultra-fast EV charging independent of the local grid’s limitations and sell stabilization services back to the grid manager.
Prime Energy shares surged nearly 10%, while Delek Properties climbed 2%.
Our take - This is a real estate arbitrage play. Gas stations are prime real estate assets facing existential long-term risk (the decline of fossil fuels). By retrofitting them with storage, Lahav LR is effectively turning them into decentralized power plants. They are monetizing the grid’s biggest bottleneck, stability and peak capacity, without buying a single square meter of new land.
Cyber
Orion Security has completed a $32 million Series A round led by Norwest Venture Partners, with participation from IBM, PICO Venture Partners, and Lama Partners. Total funding now stands at $38 million.
Orion uses ‘GenAI Agents’ to understand the context of data movement (who, what, why) rather than just matching patterns. Funds will be used to scale the sales team and deepen the AI architecture to meet demand from global financial and healthcare enterprises.
Real Estate
Gav-Yam (TASE:GVYM) released its 2025 annual report this morning, delivering numbers that seem disconnected from the general economic mood.
NOI (Net Operating Income) grew 10% year-over-year to ₪759 million. Net profit attributable to shareholders surged 40% to ₪670 million.
Despite hybrid work and war, occupancy rates actually increased from 95% to 97%. The company signed 192 leases with a real price increase of 4.2%.
Management is guiding for continued double-digit growth, projecting 2026 NOI between ₪825-845 million. The company has 6 projects under construction (290k sqm) with an investment of ₪3.8 billion, 51% of which is already pre-leased.
Dan Hotels (TASE:DANH) is expanding its footprint beyond Israel and India, completing its first-ever US acquisition. The chain purchased the NoMo SoHo hotel in Manhattan for $125 million from Sapir Corp.
Located on Crosby Street, the 26-story property includes 264 rooms and suites. Controlled by the Federman family, this marks a major diversification step for Israel’s oldest hotel chain. The stock climbed 1.67% on the news.
Labor & Policy
The Ministry of Finance, Ministry of Health, and the Tkuma Council have launched a targeted incentive plan to rebuild the medical infrastructure in the Gaza Envelope.
Specialist doctors who join HMOs (Kupot Holim) in the Eshkol Regional Council will receive a signing bonus of ₪600,000. Doctors joining clinics in other Tkuma communities will receive ₪420,000.
Existing doctors in the region are eligible for retention grants of up to ₪70,000.
With a budget of ₪10 million through 2028, the initiative aims to solve the acute shortage of medical professionals in the south, a critical step for the demographic rehabilitation of the region.
Despite signs of economic cooling elsewhere, the labor market remains tight. According to the Central Bureau of Statistics (CBS), the average wage in December 2025 hit ₪14,349, a 2.8% increase year-over-year.
November data was even stronger, with the average wage at ₪13,588 (+4.6% YoY), reflecting a 2.2% increase in real terms (adjusted for inflation).
The growth engine continues to decouple from the general economy. The average salary in the high-tech sector reached ₪31,332 in November, a 5.9% jump compared to the previous year. The sector employs 402,900 people, maintaining a stable workforce share of 9.8% of the total economy.
TASE snapshot for Wednesday, Feb. 4, 2026
TA-35 Index (TASE:TA35): 🟢 +0.02%
TA-90 (TASE:TA90): 🔴 -0.69%
TA-125 (TASE:TA125): 🔴 -0.15%
If you enjoyed this update, forward it on.
TV10 Global | Israel for Investors
Bringing you the top stories from the Israeli business community, by Israel’s only business and finance network.
Share your thoughts with us via: global@tv10.co.il or the Newsroom WhatsApp: +972-55-994-5851.
📧 Subscribe to this newsletter! And follow the daily conversation on 𝕏 @tv10global.
Pings available via WhatsApp Channel.
Disclaimer: This brief is for informational purposes only and does not constitute investment advice. All data current as of publication date.