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09 December 2018

Kinneret Photo: Shlomi Yosef Kinneret up 5 cm after heavy weekend rains

Despite the opening of desalination plants, the Kinneret still supplies between 25% and 33% of Israel's water needs.

09/12/2018 18:24 Water Shlomi Yosef
Amazon Photo: Shutterstock Taxation threatens Amazon's entry to Israel

Amazon representatives met with a leading accounting firm in Israel to decide whether to open an online store here, or just translate its US site to Hebrew.

09/12/2018 18:21 Economy Shany Moses
Dror Ben-Asher Photo: Arik Soltan RedHill Biopharma raises $20m on Nasdaq

The Israeli company will use the funds for the commercial launch of H.pylori drug TALICIA and two phase III clinical trials.

Tel Aviv luxury apartments Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Ramat Gan, Rishon Lezion, Rehovot and Arad.

09/12/2018 12:59 Real estate Shlomit Tsur
Reshet-Channel 10 merger  image: Shutterstock Blavatnik, Recanati to control merged Channel 10 - Reshet

Together with Nadav Topolski, Blavatnik and Recanati's company will hold 68% of the merged channel shares.

Richard Gere Photo: Reuters, Mario Anzuoni Apple in talks to buy Israeli TV series "Nevelot"

Apple outbid competitors such as Showtime, FX, and Amazon for the rights to produce a US version starring Richard Gere.

Lebanese border Photo: Reuters IDF finds second Hezbollah tunnel on Lebanese border

The Israeli army's engineering corps is currently working at three locations on the northern border.

09/12/2018 08:16 Politics Walla News
Maritime Heron Photo: PR Israel Aerospace to sell drones to Vietnam in $160m deal

The Heron type 1 unmanned aerial vehicles (UAVs) will be used by the Vietnamese military for a range of routine missions including maritime patrols, the Asian media reports.

06 December 2018

IAI Elta wins $60m Asian fighter jet radar, EW deals

The products to be delivered are based on the latest technologies providing the customer's air force fighter jets with high performing radar sensing.

Fashion stores abandoning Gindi TLV mall

Three of Israel's largest fashion groups have vacated stores in the 'fashion' mall in Tel Aviv.

06/12/2018 17:33 Real estate Shany Moses
Israel's foreign exchange reserves rose in November

The Bank of Israel purchased $218 million in foreign currency in November as part of the program to offset the effects of natural gas production on the exchange rate.

06/12/2018 17:21 Economy Globes correspondent
3 towers approved for Tel Aviv's La Guardia Interchange

Vitania will build three high-rise towers including offices, hotels, commerce, and residences.

06/12/2018 15:17 Real estate Shlomit Tsur
Environment Ministry refuses emissions permit for Leviathan

The quantity of equipment components on the drilling platform was higher than that declared.

06/12/2018 12:03 Energy Sonia Gorodeisky
China's TAL buys Israeli education games co Codemonkey

The Tel Aviv based company, which teaches children programing skills through games, has been acquired for $20 million.

Jerusalem city entrance tender issued for two office towers

This is the first tender in the huge business and transport hub being built to transform the western entrance to Israel's capital.

06/12/2018 08:00 Real estate Shlomit Tsur

05 December 2018

Israel's budget deficit narrows

The Finance Ministry sees the overall 2018 budget deficit falling to 2.9-3.1%.

05/12/2018 19:20 Economy Amiram Barkat
Israel developing new laser missile defense system

As the missile threat grows in the north, the Ministry of Defense is speeding up development of the system, which a source says is on the verge of being ready.

Medtronic CEO attends Tel Aviv conference

Omar Ishrak was a guest of honor at the International Conference for Innovations in Cardiovascular Systems.

05/12/2018 17:58 Healthcare Shiri Dover
Cellcom, Bezeq raising debt

Bezeq has completed a NIS 578 million expansion of its Series 9 bonds, and Cellcom is set to raise NIS 300 million.

05/12/2018 16:31 Market Shiri Habib-Valdhorn
Haifa Chemicals, Edeltech to build Negev ammonia plant

The plant will create hundreds of jobs and supply ammonia to Haifa Chemicals and other enterprises.

Record 2018 Israel tourism set to exceed 4m

3.8 million tourists visited Israel in January-November 2018, 14% more than in the corresponding period last year.

05/12/2018 14:30 Tourism Michal Raz-Chaimovich
Cannbit to sell medical cannabis to Tikun Olam

Tikun Olam will be short of cannabis until its Kfar Yehoshua farms is approved.

05/12/2018 13:29 Healthcare Gali Weinreb
OECD looking to hire Israeli analysts

The jobs include salaries of €4,000 a month, expenses of moving to Paris, medical insurance, and a pension fund.

05/12/2018 11:41 Economy Amiram Barkat
PepsiCo completes acquisition of SodaStream

PepsiCo has acquired all outstanding shares of the Israeli carbonated drinks company for $144 per share, at a company valuation of $3.2 billion.

Israeli ad tracking co SOOMLA raises $2.6m

Using its innovative ad tracking technology, the Tel Aviv-based company delivers granular, impression level data, on more than 30 ad-networks.

04 December 2018

Israeli chickpea protein co InnovoPro raises $4.25m

The Israeli company has been able to produce high amounts of grain based protein from chickpeas.

04/12/2018 19:15 Start ups Gali Weinreb
Test introduced for electric bike riders

Under new regulations, from next month, riders in Israel without a driving license will be required to pass a theory test.

Medical cannabis export bill passes first Knesset reading

Even if the bill passes until law, its implementation will still depend on Prime Minister Benjamin Netanyahu giving the green light.

04/12/2018 16:54 Healthcare Gali Weinreb
Ilan's in advanced talks to buy Cup 'O' Joe cafe chain

With 40 cafes and 200 points-of-sale, Cup 'O' Joe is controlled by Delek.

IAI Elta wins Argentinean Drone Guard deal

The Drone Guard sold to Argentina will be used for securing large-scale international events held in Buenos Aires this year, including the 2018 Youth Olympics, and the G20 Summit.

Mevasseret Mayor fights plans for absorption center site

The Israel Land Authority and Jewish Agency are trying to triple the building rights for the former absorption center so that 900 homes can be built there.

04/12/2018 12:51 Real estate Shlomit Tsur
Shekel weakens as rate hike effect fades

The momentum given the shekel last week when the Bank of Israel unexpectedly raised the interest rate to 0.25% has run out of steam.

04/12/2018 12:46 Economy Simon Griver
Brenmiller to install storage tech at Enel power plant

Brenmiller Energy CEO Avi Brenmiller: This  opportunity is an important breakthrough for the company

04/12/2018 12:04 Energy Globes correspondent
Fortissimo sells remaining stake in Kornit Digital

Private equity firm Fortissimo Capital invested $19 million in Kornit Digital in 2011, and over the years has sold its shares for a total of about $300 million.

04/12/2018 11:36 Market Shiri Habib-Valdhorn
TASE-listed US real estate co bonds reach junk levels

Problems at Brookland, All Year Holdings and Delshah Capital, among others, have affected investor sentiment towards the entire sector.

04/12/2018 10:55 Real estate Aviv Levy

03 December 2018

Mortgage arrears rise steeply

The trend of increasing mortgage arrears in Israel that started last year has accelerated considerably in the past few months.

Hot mulls strategic investor for fiber optic infrastructure

The Israeli telco is mulling splitting into services and infrastructure companies in order to upgrade its infrastructure.

Sylvan Adams in talks to invest in Reshet-Channel 10

Another Canadian billionaire Mitch Goldhar has also had initial talks about investing in the planned merged TV company.

China's Newater buys Israeli water purification co AMS

AMS develops chemically and thermally stable and resistant ultrafiltration and nano-filtration special membrane materials for wastewater treatment.

03/12/2018 17:30 Water Globes correspondent
Electricity rates in Israel to rise 6% next month

The prices of LNG, Tamar gas and coal for producing electricity have risen over the past year.

03/12/2018 16:18 Energy Sonia Gorodeisky
Saudi friend of slain journalist sues NSO in Israeli court

Omar Elaziz Alzaharani, a friend of Jamal Khashoggi, is demanding NIS 600,000 damages and prohibiting NSO from selling its spyware to the Saudi authorities.

03/12/2018 15:30 Legal Tal Shahaf
Israel Chemicals sues IBM for $300m

Israel Chemicals alleges that a huge, group-wide IT project failed because of IBM's incompetence. IBM: The case has no merit.

03/12/2018 14:34 Legal Kobi Yeshayahou
Elbit awarded $112m airborne intelligence deal

The contract for an Asia-Pacific country will be performed over six years.

IEC seeks Tamar, Leviathan bids for NIS 2b gas deal

Israel Electric Corp. is hoping to cut the price of gas by generating competition between the two partnerships.

03/12/2018 14:19 Energy Sonia Gorodeisky
Dan Hotels eyes Rimonim hotel chain

Negotiations on buying Israel Land Development Hotels Ltd., which owns the Rimonim chain, are at a price of NIS 140 million.

Playtika buys German games co Wooga

Market sources put the acquisition price for Berlin-based casual games company Wooga at over $100 million.

Netanyahu: I caused Bezeq and Elovitch only losses

At a Likud Hanukah event last night, Prime Minister Benjamin Netanyahu poured scorn on the police recommendations in Case 4000.

03/12/2018 11:02 Politics Tal Schneider
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