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23 April 2019

ForeScout Photo: PR ForeScout to expand Israel development center

The cybersecurity company currently has 20% of its 1,100 employees worldwide in Tel Aviv, and is believed to be planning to increase the number by dozens in the near future.

23/04/2019 18:10 Employment Shiri Habib-Valdhorn
Intel Photo: Shutterstock Intel launches Israel-developed 9th Gen laptop chip

The fastest, most powerful processor for gamers and creators was developed at Intel's Haifa development center.

23/04/2019 18:02 IT Globes correspondent
Ehud Barak Photo: Eyal Izhar InterCure's Canndoc sets up second cannabis farm

Cannabis growing will be introduced gradually to the area, which is already used for agriculture.

23/04/2019 17:15 Healthcare Gali Weinreb
Eyal Waldman and Jensen Huang Photo: Kadia Levy Seven cos in bidding war pushed up Mellanox's price

Nvidia won the auction with a bid of $125 per share, giving a company valuation of $6.9 billion, 23% higher than its initial bid for the Israeli company.

Shimon Eckhouse Neurovascular device co Rapid Medical raises $20m

The funds will be used to speed up commercial growth of the Israeli company's minimally invasive stroke treatment and prevention products worldwide.

Eurovision Song Contest logo Photo: PR Thousands of Eurovision tickets still unsold

Tourists who thought about coming to Tel Aviv for the Eurovision Song Contest are likely to stay home given the high prices of tickets for the events and hotels in Israel.

23/04/2019 14:45 Economy Michal Raz-Chaimovich
deal  merger  picture: photo to go Willi-Food signs MOUs to buy 2 companies

G. Willi-Food wants to acquire control of Bikurei Hasadeh North and Miki Food Industries.

Ben Volkow Photo: Otonomo US rival accuses connected car co Otonomo of IP theft

Smartcar alleges that the Israeli company has plagiarized its API files. Otonomo is investigating the matter.

vehicle technology  image: Shutterstock - ASAP Creative Remote driving co Phantom Auto raises $13.5m

The Israeli company is developing safety solutions for autonomous vehicles by enabling remote driving.

23/04/2019 07:20 Start ups Globes correspondent

22 April 2019

Eliahu sells downtown Jerusalem lot for cut price NIS 305m

There is a valid construction permit for a 25-floor tower on the lot but Shlomo Eliahu had to compromise on the price due to the crisis in the Jerusalem luxury real estate market.

22/04/2019 21:09 Real estate Arik Mirovsky
Teva launches generic overactive bladder treatment

Solifenacin Succinate tablets treat overactive bladder with symptoms of urge urinary incontinence, urgency, and urinary frequency.

22/04/2019 18:37 Healthcare Globes correspondent
Lack of DiCaprio evidence swayed judge's Refaeli tax ruling

Judge Samuel Bornstein: It is said that a picture is worth 1,000 words but this is not necessarily true.

22/04/2019 15:31 Legal Ela Levi-Weinrib
Wet weather spoils holiday hikes but boosts Kinneret

The Mount Hermon ski site has remained open despite snow flurries of 20-30 centimeters over the past few days.

22/04/2019 12:59 Water Simon Griver
Extra lanes added to Road 6 northern section

A lane in each direction has been added to the 6.5-kilometer section of Road 6 between the Ein Tut interchange and Yokne'am.

Rami Levy to buy private label eggs from Tnuva

Tnuva, Israel's largest food company, is entering the private label sector for the first time.

22/04/2019 11:48 Retailing Shany Moses
Court rules Bar Refaeli must pay millions in back taxes

The Lod District Court has ruled that the international model was resident in Israel in 2009 and 2010. She also faces criminal charges on the matter.

22/04/2019 11:02 Legal Ela Levi-Weinrib

21 April 2019

40,000 Israelis pour into Sinai for Passover

Despite travel warnings, the number of Israelis entering Sinai during the holiday was 20% more than last year.

21/04/2019 17:24 Tourism Michal Raz-Chaimovich
Israel tax chief angered by 'national sport' of tax evasion

Eran Yaacov: Even though the tax burden in Israel is not high, people feel that tax evasion is justified.

21/04/2019 16:42 Economy Ela Levi Weinrib
Enlight Renewable Energy raising NIS 223m on TASE

The Israeli company develops, finances, establishes and operates clean power production plants from renewable energy sources.

21/04/2019 15:48 Energy Globes correspondent
Apartments sold and rented

A selection of recent real estate deals in Israel including in Netanya, Ramle, Lod, Ashdod and Kibbutz Mishmarot.

21/04/2019 13:44 Real estate Shlomit Tsur
Gad Zeevi ups Bezeq bid

Unlike Searchlight, Zeevi is making his bid directly to B Communications' bondholders.

Cannabis co Cannbit raises NIS 31.4m on TASE

The round is the largest public offering ever by a cannabis company on the TASE.

21/04/2019 12:22 Healthcare Gali Weinreb

18 April 2019

Brown Hotels buys planned new Tel Aviv building for hotel

The 190-room hotel will be built in the MOMA Tel Aviv project by the Hagag Group.

18/04/2019 17:59 Real estate Shlomit Tsur
Medtronic to market Alpha Omega neurosurgery system

Alpha Omega system guides Medtronic's brain stimulation electrodes to the correct location.

18/04/2019 17:49 Healthcare Gali Weinreb
Court orders railway workers to halt sanctions

The Tel Aviv District Labor Court has ordered Israel Railways workers to freeze sanctions until June 1 and enter into intensive talks with management.

Sisense develops data platform for Eurovision fans

The platform tells users which countries gave a specific country the most points in the contest, and which countries got the most points from a specific country.

18/04/2019 15:24 Start ups Oshrit Gan-El
Shekel slips against dollar for second day

The shekel is still very strong, trading at levels that are the strongest against the dollar for a year and the strongest against the euro in nearly two years.

18/04/2019 15:19 Market Simon Griver
First TA light rail trains roll off production line

The trains will be Chinese company CRRC's first sale to Western markets.

Check Point down sharply despite beating analysts

Check Point posted a $205 million net profit in the first quarter, 2.1% less than in the first quarter of 2018 but higher than analysts' forecasts.

18/04/2019 14:03 IT Shiri Habib-Valdhorn
S&P: Israeli banks endangered by exposure to real estate

S&P Maalot found that credit for mortgages, construction, and real estate accounted for 46% of the banks' total credit, as of September 2018, compared with only 32% in 2006.

18/04/2019 13:42 Financial services Irit Avissar
Paz raises NIS 400m debt in TASE bond issue

There was demand of NIS 1.3 billion from institutional investors, more than three times the amount being raised.

18/04/2019 12:22 Energy Kobi Yeshayahou
Gov't allocates NIS 180m for startups in outlying regions

Israel Innovation Authority has launched a special support track for entrepreneurs in outlying areas amounting to NIS 180 million over five years.

18/04/2019 11:55 Start ups Omri Zerachovitz

17 April 2019

Israel conducts joint Iron Dome - Patriot air defense exercise

The exercise in central Israel was attended by military delegations from the US and Greece.

Israeli AI medical imaging co Aidoc raises $27m

The funding comes as the Tel Aviv-based company announced that it has analyzed its millionth patients CT scan in real-time.

Mellanox profit jumps 68% on record revenue

CEO Eyal Waldman: Mellanox is well-positioned to continue its growth.

17/04/2019 15:33 IT Shiri Habib-Valdhorn
Events management co Bizzabo raises $27m

Bizzabo's events cloud empowers event marketers to manage, measure and grow professional events worldwide.

17/04/2019 15:29 Start ups Yasmin Yablonko
Israel defense exports fell in 2018

Israel's defense exports totaled $7.5 billion in 2018, $1.7 billion less than the $9.2 billion in defense exports in 2017, according to figures published today by the Ministry of Defense.

First findings issued on Beresheet's crash landing

SpaceIL CEO Dr. Ido Anteby: There was a malfunction in the lunar craft's acceleration measurement components.

Hebrew University to issue tender for high-tech park

The park, to be called Hujitech, will contain 150,000 square meters zoned for high tech on 7.5 acres, owned by the university (80%) and the Jerusalem Development Authority (20%).

17/04/2019 12:02 Healthcare Shlomit Tsur
Israeli AI surgical platform co Theator raises $3m

Theator helps surgeons enhance capabilities and reduce medical errors by leveraging machine learning and computer-vision.

17/04/2019 11:22 Healthcare Globes correspondent
Top Teva execs paid double in 2018 as share fell 18%

The five top earners were paid $55.9 million in 2018, almost double the $28.8 million that the five most senior executives received in 2017.

17/04/2019 09:52 Healthcare Shiri Habib-Valdhorn
Indian army orders Rafael anti-tank missiles - report

The Indian army has placed an immediate order for 240 Spike anti-tank missiles and 12 launchers, the Indian media reports.

16 April 2019

George Horesh buys 35% Super-Pharm stake

Horesh is buying shares from Leumi Partners, Discount Capital Markets and Super-Pharm controlling shareholder Leon Koffler.

16/04/2019 19:59 Retailing Globes correspondent
Bezeq parent bondholders prefer Searchlight bid to Zeevi

85% of the bondholders voted to conduct exclusive negotiations with Searchlight in preference to Gad Zeevi.

Perrigo's Yeruham employees want bonus ahead of $2.5b sale

"Bloomberg" has reported that US private equity funds Apollo Global Management and CVC Capital Partners are in advanced talks to buy Perrigo's prescription drug activities.

16/04/2019 18:46 Healthcare Shiri Habib-Valdhorn
Israel Aerospace's OPAL is battlefield game-changer

OPAL is based on forming a decentralized communication cloud for all members on the ground, in the air, and at sea, to allow real time information sharing.

Romanian bank to buy Leumi Romania

Bank Leumi today reported that it had signed an agreement to sell Leumi Romania to First Bank, controlled by US investment fund JC Flowers.

16/04/2019 16:55 Financial services Irit Avissar
BrainsWay raising $30m on Nasdaq

The company's magnetic helmet is used to treat depression and OCD, and is being tested for recovery from smoking addiction.

16/04/2019 16:24 Healthcare Gali Weinreb
Housing price falls have halted

The price declines between late 2017 and January 2018 have come to a halt, and the housing price index has remained largely unchanged since February 2018.

16/04/2019 15:40 Real estate Arik Mirovsky
Strengthening shekel trading at record levels

The shekel has never been stronger against the basket of the world's major currencies and is at its strongest for 12-months against the dollar.

16/04/2019 14:23 Market Simon Griver
Noya Yanai Israeli appointed BUYME VP marketing

Israel's largest experiential gifts platform has recruited Leumi Card's former corporate marketing manager.

Lime trials pre-booking e-scooter service in Israel

Lime has chosen Israel as the first country in the world to try out advanced ordering of e-scooters through an app by pre-booking it for up to 15 minutes from the time the order is made.

IVC-ZAG: Israeli startup raising up 28% in Q1 2019

Israeli startups raised $1.55 billion in 128 deals in the first quarter of 2019.

Tax dispute leaves US military aid stuck in Israeli customs

Aircraft parts, ammunition, and missiles are reportedly among the items stuck for weeks in Israeli ports and unable to reach Israeli army units.

Israeli hotel booking co Splitty raises $6.75m

Splitty CEO: We can improve hotels occupancy rates by over 15%, while users enjoy up to 50% lower prices.

16/04/2019 07:02 Tourism Globes correspondent

15 April 2019

Cofix sells NIS 20m of Rami Levy shares

Cofix acquired the shares in the deal by which Rami Levy acquired a controlling interest in Cofix.

CPI up 0.5% in March, housing prices up 0.6%

Inflation was 1.4% in the past 12 months, while due to the latest rise housing prices rose 0.1% in the past 12 months, Israel's Central Bureau of Statistics reports.

15/04/2019 18:49 Economy Amiram Barkat
Israel Railways to operate Sharon loop next year

The route will connect railway stations in Herzliya, Bnei Brak, Petah Tikva, Rosh HaAyin, Hod Hasharon and Ra'anana.

Gal Gadot, Madonna to star in Tel Aviv Eurovision

1,000 tickets will be sold at prices ranging from NIS 1,150 to NIS 2,000.

15/04/2019 18:13 Tourism Michal Raz-Chaimovich
Israeli researchers print 3D heart from human tissue

In 10 years, Prof. Tal Dvir of Tel Aviv University sees all organs being printed from the patient's own tissue so that the body does not reject it, and rendering organ donors unnecessary.

Sirin Labs lays off 25% of workforce

The company said sales of its smartphone were less than expected.

15/04/2019 16:49 IT Roy Katsiri
Hapoalim CEO unexpectedly steps down

Sources close to Arik Pinto say he is leaving the bank because he felt that he had nothing left to achieve and wants to try his hand in new fields.

15/04/2019 16:46 Financial services Irit Avissar
Vimeo buys Israeli video creation co Magisto for $200m

Magisto's proprietary technology enables cutting edge mobile apps and AI-powered editing tools to create videos for its 100 million users.

Israeli co Amenity Analytics raises $18m

Amenity uses natural language processing (NLP) to provide actionable insights.

2018 government debt rose by NIS 40b

The ratio of debt to GDP rose for the first time since 2009.

15/04/2019 14:05 Economy Amiram Barkat
Musashi Seimitsu teams with Israel's Poliakine on quality assurance robots

The robot automatically performs quality assurance on assembly line products.

15/04/2019 12:51 IT Yasmin Yablonko
Shekel gains ahead of March CPI reading

The shekel is trading at its strongest since April 2018.

15/04/2019 12:18 Market Simon Griver
Energean declares 28-42 BCM Karish gas discovery

Even with the 45 BCM previously discovered, the field is far smaller than the Tamar and Leviathan prospects but will allow Energean to become a competitive player in Israel's gas market.

15/04/2019 11:35 Energy Daniel Schmil
Acoustic-based analytics co 3DSignals raises $12m

The funds will help 3D Signals aid continue developing its innovative Asset Performance Monitoring solution, and bridge the gap to manufacturing digitalization, also known as ‘Industry 4.0’.

15/04/2019 11:02 Start ups Globes correspondent
Elbit awarded $30m Asian guided mortar deal

The STYLET precise Guided Mortar Munition (GMM) has a range of 1,000-8,500 meters.

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