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11 November 2021

Knesset budget debate Photo: Knesset spokesperson Rating agency Fitch encouraged by Israel's state budget

"The Israeli Knesset’s passage of budgets for 2021 and 2022 reduces political uncertainty and potential risks to the public finances."

11/11/2021 18:25 Economy Oren Dori
Anat Cohen-Dayag Photo: Anat Levron Bristol Myers Squibb invests $20m in Compugen cancer drug

The companies are jointly developing a novel immune checkpoint which prevents cancers from attacking the immune system.

11/11/2021 15:56 Healthcare Gali Weinreb
Barak Eilam Photo: CRC Media NICE Systems jumps on strong Q3

The Israeli enterprise software company beat the analysts and raised guidance for 2021.

11/11/2021 15:38 IT Shiri Habib-Valdhorn
Bezhalel Machlis  / Photo: Elbit Systems PR, PR Elbit Systems wins $74m Korean airborne munitions deal

The Israeli defense electronics company will supply a range of airborne munitions as part of the Precision Fires Program of the Republic of Korea Air Force.

11/11/2021 14:51 Aerospace & defense Danny Zaken
Avishai Avrahami Photo: Shlomi Yosef Wix beats analysts, raises guidance

The Israeli company's GAAP profit was boosted by its holdings in monday.com.

11/11/2021 14:03 IT Shiri Habib-Valdhorn
Shekels Photo: Shutterstock Vladerina32 Shekel weaker against dollar, stronger against euro

BlackRock Israel head Anath Levin: It is reasonable to assume that the basic factors contributing to the strengthening of the shekel will continue.

11/11/2021 13:24 Market Guy Ben Simon
Isaac Benbenisti Photo: Tamar Matsafi Isaac Benbenisti quits as NSO CEO after two weeks

The former Partner CEO is stepping down because NSO on the US blacklist would have hampered his efforts to diversify into commercial cybersecurity.

11/11/2021 12:31 IT Ofir Dor
Data center construction at Bnei Zion Google to build fourth data center in Israel

Schonfeld Engineering is in talks to buy land in Beit Yehoshua for a fourth data center in the country for Google Cloud.

11/11/2021 07:08 Real estate Assaf Gilead

10 November 2021

ironSource beats analysts on Q3 revenue and profit

The Israeli app monetization company reported revenue of $140 million in the third quarter, 59.6% higher than the corresponding quarter of 2020.

10/11/2021 19:15 IT Shiri Habib-Valdhorn
monday.com doubles revenue and narrows loss

Despite beating the analysts on profit and revenue and raising guidance the Israeli work operating system company's share price is falling sharply.

10/11/2021 18:08 IT Shiri Habib-Valdhorn
Google Pay to begin operations in Israel next month

Unlike Apple Pay, Google is not expected to operate its digital wallet in Israel through a designated app.

Cypriot Police: Teddy Sagi not among assassination targets

Police in Nicosia have published the initials of the businesspeople that were targets for a terror attack in the country. However, the name of the Israeli businessman connected to the affair was not among them.

10/11/2021 17:04 Legal Globes correspondent
Digital employment management co ControlUp raises $100m

The Israeli company helps delivers more reliable remote work environments with its large and diverse set of real-time metrics across mission critical SaaS applications.

10/11/2021 16:42 Start ups Globes correspondent
Minute Media buys Israeli startup Wazimo for $80m

Together Minute Media and Wazimo, will solve some of today’s largest publishing challenges, allowing digital publishers and content creators to build, segment and grow audiences at scale.

Israeli sensor solutions co TriEye raises $74m

The Tel Aviv-based company has developed a short-wave infrared (SWIR) sensing solution for mass-market applications.

10/11/2021 15:06 Start ups Dubi Ben-Gedalyahu
Assuta teams with Nvidia on healthcare AI

Assuta Medical Centers and Nvidia have launched an innovation center for startups developing artificial intelligence-based healthcare solutions.

10/11/2021 15:04 Healthcare Gali Weinreb
Gett agrees SPAC merger at $1b valuation

Israeli taxi hailing app Gett will list on Nasdaq through a SPAC merger with Rosecliff Acquisition I.

10/11/2021 14:43 Market Globes correspondent
Israeli B2B intelligence co Lusha raises $205m

The company, which has developed a crowdsourced data community for B2B sales and marketing professionals, raised the money at a $1.5 billion valuation.

10/11/2021 14:18 Start ups Globes correspondent
As Israel bakes, climate study warns of floods

Israel will have much less rain, the study predicts, but when it comes it will wreak destruction.

10/11/2021 13:58 Economy Shani Ashkenazi
Fiverr jumps on raised guidance, unexpected profit

Net earnings per share in the third quarter was $0.19, compared with a loss of $0.01 predicted by the analysts.

10/11/2021 12:05 IT Shiri Habib-Valdhorn
Israeli attack simulation co SafeBreach raises $53.5m

The company provides automated breach and attack simulation as part of their core security strategy to validate controls, improve security posture and mitigate business risk.

10/11/2021 10:28 Start ups Globes correspondent
Rami Levy questioned as Competition Authority probe widens

Following yesterday's raids on Shufersal and Strauss, Levy has been questioned by the Competition Authority and food importer Diplomat CEO Noam Weiman has been questioned under caution.

10/11/2021 10:09 Legal Nitsan Shafir
Teddy Sagi enters US real estate market

Sagi is expanding his real estate investments beyond the UK and Europe by investing $500 million, together with The Related Group and BH Group, in a commercial and residential project in West Palm Beach, Florida.

09 November 2021

Lemonade's Wininger: Usage based car insurance is the future

Lemonade co-founder and joint CEO Shai Wininger spoke to "Globes" about the acquisition of Metromile.

OpenWeb raises $150m at over $1b valuation

The media readership engagement management platform is the latest Israeli startup to achieve unicorn status.

09/11/2021 19:07 Start ups Globes correspondent
Lemonade buys AI car insurance co Metromile

The acquisition comes one week after the Israeli digital insurance company launched its own car insurance product.

Elbit Systems unit wins $100m Royal Navy EW contract

The thirteen-year contract was awarded to Elbit Systems UK Ltd. by Babcock International Group Plc.

Competition Authority raids Shufersal, Strauss offices

Shufersal CEO Itzik Abercohen has been questioned at the Competition Authority's offices.

09/11/2021 15:18 Legal Nitsan Shafir
Gov't fast tracks 50,000 housing units

The main site for the expedited process is South Glilot in Ramat Hasharon, which will have 70% more units than currently planned.

09/11/2021 10:59 Real estate Arik Mirovsky

08 November 2021

AI drug discovery co DeepCure raises $40m

DeepCure’s technology ensures the discovery and development of novel, small molecule drugs that were previously undiscoverable using conventional methods.

08/11/2021 18:53 Healthcare Gali Weinreb
150 tourists without green pass refused entry to Israel

Israel's green pass restrictions require tourists to have had three Covid vaccinations or less than six months since their second Covid vaccination.

08/11/2021 17:27 Tourism Michal Raz-Chaimovitz
Elbit Systems UK JV wins $88m pilot training system deal

UK joint venture Affinity has been awarded a contract from the UK Ministry of Defense for the operation of four Texan T-6C aircraft for the UK Military Flying Training System program.

08/11/2021 16:42 Aerospace & defense Danny Zaken
Shekel rally continues as rate falls to NIS 3.10/$

Discount Bank trading room strategist: The shekel will strengthen against many currencies in 2022, although in the short term, it is more difficult to know.

08/11/2021 16:17 Market Roi Weinberger
Budget deficit narrows sharply

Taxes paid in October rather than September because of the holidays somewhat distorted last month's figure, the Ministry of Finance Accountant General reports.

08/11/2021 15:26 Economy Oren Dori
Israeli law firm shares profits with all employees

Porat Group has changed the traditional remuneration model and shares the profits with all employees working on a case, even the interns.

08/11/2021 14:52 Employment Nitsan Shafir
Pharmocann teams with Shamir Institute on magic mushrooms

A joint company will examine using psilocybin mushroom-based drugs to treat Alzheimer's and depression.

08/11/2021 12:56 Healthcare Globes correspondent
Israel's roads: It's even worse than you think

Analysis of this year's car delivery numbers reveals trends leading to round-the-clock traffic jams.

07 November 2021

Murder suspect bought two homes from Eldad Peri

Police have arrested a 64 year-old man from Rishon Lezion on suspicion of murdering bankrupt real estate developer Eldad Peri.

07/11/2021 21:03 Real estate Nitsan Shafir
Israeli class action data co Darrow raises $24m

Darrow has developed a machine-learning based platform which discovers legal violations by some of the biggest corporations in the world.

07/11/2021 18:47 Start ups Globes correspondent
Bank of Israel purchased $1.7b foreign currency in October

This brings the Bank of Israel's foreign currency purchases in 2021 to $30.5 billion - above its declared target of $30 billion, and the foreign currency reserves to a record $207 billion.

07/11/2021 15:05 Economy Guy Ben Simon
American Airlines postpones launch of Tel Aviv - Dallas flights

The delay until March 5 is "due to entry restrictions into Israel and the slower-than-expected return of business travel."

07/11/2021 14:37 Tourism Michal Raz-Chaimovitz
NIS 30m penthouse added to Tel Aviv Bauhaus building

A shabby three-floor, six apartment Bauhaus building from the 1930s on Melchett Street is being transformed into a six-floor building.

07/11/2021 13:56 Real estate Yaser Wakid
Apartments sold and rented

A selection of recent real estate deals in Jerusalem, Tel Aviv, Hod Hasharon, Netanya, Lod, Nazareth, and Beersheva.

07/11/2021 12:58 Real estate Yaser Wakid
Shekel 6% stronger in 2021 and still gaining

Meitav DS chief economist Alex Zabezhinsky: The Bank of Israel will continue foreign currency purchases.

07/11/2021 12:53 Market Guy Ben Simon
Bennett: The government's great test is self-restraint

Prime Minister Naftali Bennett, Finance Minister Avigdor Liberman and Foreign Minister Yair Lapid appeared together at a press conference to mark the passage of the budget.

07/11/2021 10:58 Economy Oren Dori
Gov't to allow more Palestinian workers into Israel

The new quota will include permits for 500 Palestinian technology workers.

07/11/2021 09:53 Economy Shirit Avitan Cohen

05 November 2021

Knesset passes 2022 budget

A voting mishap delayed the passage of the 2022 budget bill, but the coalition eventually completed its mission of passing five budget laws that secure its immediate future.

05/11/2021 08:01 Economy Shirit Avitan Cohen

04 November 2021

Amid outcry, Shufersal suspends cut-price website for haredim

The move follows applications for class actions after Channel 10 exposed large price gaps between the Yashir Lamehadrin site and Shufersal's regular website.

04/11/2021 19:03 Retailing Michal Raz-Chaimovitz
Remote gynecological imaging co illumigyn raises $33m

The Israeli company has developed a "gynecology endoscope" and cloud platform service with an accompanying mobile application.

04/11/2021 15:50 Healthcare Globes correspondent
Knesset passes Economic Arrangements Law

The law includes major reforms - raising the retirement age for women, the congestion charge, more competition on kashrut, and cutting use of cash.

04/11/2021 15:33 Economy Shirit Avitan Cohen
J&J orthopedics unit Synthes buys Israeli co OrthoSpin

The company has developed a robotic orthopedic device for bone lengthening and treating complex fractures, limb deformities.

ICL profit quadruples

The company's revenue and profit have been boosted by sharply rising commodity prices and demand.

Rafael teams with Lockheed Martin on SPICE weapon systems

SPICE is a family of stand-off, autonomous, air-to-surface weapon systems that provide affordable precision in a GPS-denied environment.

04/11/2021 13:27 Aerospace & defense Danny Zaken
Fortissimo buys 77% stake in Sela Software

Sela provides comprehensive cloud services and collaborates with Microsoft, Google and Amazon.

Emirates to launch daily Tel Aviv - Dubai flights

The daily flights from December 6 will use Boeing 777-300ER aircraft on the route.

04/11/2021 11:40 Tourism Michal Raz-Chaimovitz
Shekel resumes strong gains

Forex traders say the aggressive interest rate hike in Poland has encouraged foreign funds to mistakenly think Israel may soon hike rates.

04/11/2021 11:18 Market Guy Ben Simon
Knesset approves 2021 budget

Marathon discussions will continue through to Friday morning to ensure that the 2021 and 2022 budgets and all accompanying legislation are passed.

04/11/2021 06:50 Economy Shirit Avitan Cohen
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