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22 February 2019

Beresheet launch Photo: SpaceX Israel's moon mission launched successfully

The Beresheet lunar spacecraft is scheduled to touch down on April 11, making Israel only the fourth country to reach the moon.

21 February 2019

Spate of securities fraud probes hits Israeli listed companies

Suspicions and scandals concerning seven listed companies, their officeholders, or their controlling shareholders were reported within a few days.

21/02/2019 19:52 Legal Aviv Levy
Israeli co Prospera teams with Valmont on autonomous farming

Prospera's sensors will be installed on Valmont subsidiary Valley's pivot irrigation systems and will ultimately manage irrigation, fertilizing and spraying.

BoI grants Warburg Pincus permit to control Leumi Card

US private equity firm Warburg Pincus is due to complete the acquisition of Leumi Card from Bank Leumi and Azrieli Group on February 26.

US co Qlik buys Attunity in $560m cash deal

The price represents an 18% premium over Israeli data streaming company Attunity's closing share price yesterday.

Facebook to remove Israeli political bots

In efforts to reduce its influence in the upcoming elections, Facebook is also demanding information on how much each candidate is investing in each post and the audience they aim at.

21/02/2019 16:18 Politics Anat Bein-Leibovitz
Dan, Via to launch Tel Aviv ridesharing next month

Dan will operate 100 minibuses on flexible routes with trials also planned for Jerusalem, Haifa, and the southern Sharon area.

Teva settles with FTC on three cases

Teva will not pay any additional money to the Us antitrust regulator as part of this settlement.

21/02/2019 11:32 Healthcare Shiri Habib-Valdhorn
Japan's Recruit invests as crypto co Beam raises $5m

The Mimblewimble based privacy coin raised the money using a Simple Agreement for Future Tokens (SAFT) framework.

21/02/2019 10:39 Start ups Roy Katsiri
Coast Protection C'tee cuts Kikar Atarim towers

The committee has ruled that 40-floor towers can only be built in the Tel Aviv seafront project if a detailed statutory planning procedure is approved.

Gantz and Lapid form joint Knesset list

In a rotation agreement, Benny Gantz would potentially serve as prime minister for the first two thirds of the Knesset term and Yair Lapid for the final third.

21/02/2019 07:16 Politics Tal Schneider

20 February 2019

Ryanair to launch Tel Aviv - Marseilles flights

The Irish low cost carrier will offer three weekly flights starting in October.

20/02/2019 21:10 Tourism Michal Raz-Chaimovitz
Rami Levy's Good Pharm doubling number of branches

The discount pharmacy chain will invest NIS 15 million, and will also increase its non-retail activity.

20/02/2019 19:22 Healthcare Shany Moses
Wix reports strong results, weak guidance

The Israeli DIY website builder had a market cap of over $6 billion yesterday.

20/02/2019 18:25 IT Shiri Habib-Valdhorn
BMW to open Tel Aviv tech center

The German carmaker says that the center will help it tap into the talent in Israel's startup scene.

20/02/2019 17:47 Start ups Simon Griver
Israeli nanosatellite co SAS raising $15m on ASX

The company is due to launch the first batch of its Pearls constellation nano-satellites network with Virgin Orbit by mid-2019.

Israeli microbiome co BiomX raises $32m

The funds will be used primarily to advance the company’s leading drug candidates for the treatment of acne and Inflammatory Bowel Disease.

20/02/2019 16:30 Healthcare Gali Weinreb
Israeli VC firm JVP closes $220m eighth fund

JVP VIII has attracted leading investors from across the US, Europe, and Asia, including Japan.

As inflation rises, shekel gains against dollar

The shekel is trading at its strongest levels against the dollar since September 2018, and its strongest levels against the euro since July 2017.

20/02/2019 14:59 Market Simon Griver
Rafael, Stolero sign NIS 850m Aeronautics acquisition deal

Aaron Frenkel, who has a 30% stake in the UAV developer, will be unable to block the deal, market sources believe.

Dan buys hotels in Eilat, Safed and Nazareth

Dan has acquired three hotels from Israel Land Development Hotel's Rimonim chain.

Rafael unveils long-range ROCKS air-to-surface missile

On show at Aero India, the new missile travels faster than the speed of sound and can destroy underground targets.

Automated genetic analytics co Emedgene raises $6m

Emedgene provides solutions that interpret genetic tests automatically, helping geneticists manage their growing workload faster and with higher accuracy.

19 February 2019

Avi Himi elected Israel Bar president

The position of Bar Association president was vacated when a criminal investigation was opened against former president Effi Naveh

19/02/2019 20:12 Legal Ela Levi-Weinrib
Google buys Israeli data migration co Alooma for $150m

Google expects the Tel Aviv-based company to help its customers migrate their data to the cloud more easily and securely.

Elbit mulls launching aerial firefighting service

Chim-Nir, the operator of Elbit's firefighting squadron, is under a stay of proceedings.

Israel Aerospace puts RAMTA shipyard up for sale

The Beersheva plant manufactures the Dvora and Super Dvora patrol boats.

Centerbridge execs in Israel for Phoenix acquisition talks

If Centerbridge acquires the insurance company from Delek Group, it will be in partnership with two other funds.

19/02/2019 19:14 Financial services Ron Stein
KKR and Amadeus to reorganize Clicktale

Two international funds are also holding funding rounds for the financial troubled Israeli digital experience analytics company.

19/02/2019 16:48 IT Tal Shahaf
Israeli big data co Redis Labs raises $60m

Redis Labs’ commercial product, Redis Enterprise, is the world's fastest database, leveraging modern in-memory technologies.

19/02/2019 15:06 Start ups Globes correspondent
Israeli payment protection co nsKnox raises $15m

nsKnox's real-time corporate payment protection platform helps defend organizations against cyber-fraud, internal fraud, social engineering and data manipulation.

Israeli serverless tech co Nuweba raises $4.8m

The Tel Aviv based company claims to have solved the three main problems facing serverless technology - speed, security and visibility.

19/02/2019 14:29 Start ups Globes correspondent
Tower profit falls 29%

The company's guidance for the first quarter of 2019 is within the range of analysts' forecasts.

Israel's gas royalties up 9.3% in 2018

Natural gas royalties totaled NIS 860 million and are projected to exceed NIS 1 billion in 2019 as the Leviathan field comes on stream.

19/02/2019 13:45 Economy Amiram Barkat
Osem CEO dreams of Bamba in every US supermarket

Osem has inaugurated a Bamba factory in Kiryat Gat at a cost of NIS 200 million.

19/02/2019 13:10 Basic industries Shany Moses
Palo Alto buys Israeli cybersecurity co Demisto for $560m

The Tel Aviv-based company has raised $69 million to date for its orchestration and automation security technology.

KFC hiring staff ahead of reopening in Israel

KFC left Israel in 2012, after the previous franchisee said that he had been pushed into a loss after going kosher.

19/02/2019 12:37 Retailing Shany Moses
Generation Capital raises NIS 52m from investment institutions

Demand for the offering totaled NIS 72 million.

Schultz: Teva is not up for sale

"We consolidated to avoid bankruptcy - when revenue is falling there is only one option, to cut costs," Teva CEO Kåre Schultz told a press conference in Tel Aviv today.

19/02/2019 11:04 Healthcare Guy Ben Simon
Dayan family among buyers of UK hotels from Vincent Tchenguiz

Bloomberg reports that the family of Amir Dayan is invested in Vivion Investments, which bought the hotels for £246 million.

18 February 2019

Taboola, Outbrain rule out negative political campaigns

The Israeli content recommendation companies have issued strict new guidelines after "Globes" revealed a campaign to besmirch Benny Gantz.

18/02/2019 19:02 Politics Anat Bein-Leibovitz
Pitango sells Forescout shares for $46m

Pitango, which first invested in Forescout in 2001, still held 5.5% of the company's shares at the end of 2018.

18/02/2019 18:11 IT Shiri Habib-Valdhorn
Alony Hetz in talks to buy two London buildings

95% of the space in one of the buildings is leased for an average of four years, while the other building is leased to a UK government agency for eight years.

18/02/2019 17:28 Real estate Kobi Yeshayahou
China approves KLA Tencor's Orbotech acquisition

Chinese regulatory approval for KLA Tencor's $3.26 billion acquisition of the Israeli automated optical inspection equipment company was delayed by the trade war between China and the US.

Jerusalem and Tel Aviv both have negative migration

6,000 more people moved away from Jerusalem than moved to the city in 2017, the Central Bureau of Statistics reports.

18/02/2019 15:52 Economy Amiram Barkat
Minority women most discriminated against in job market

The Employment Diversity Index for 2018 calculates integration rates and salary levels in the private market for minority groups.

18/02/2019 15:16 Employment Amiram Barkat
Tzipi Livni quits Knesset race

Livni's Hatnuah party has been unable to form alliances but Benny Gantz's Israel Resilience Party is in advance talks to form a joint list with Orly Levy-Abekasis's Gesher party.

18/02/2019 14:53 Politics Tal Schneider
Court rules Moti Ben-Moshe will not buy Africa-Israel

Tel Aviv District Court president Eitan Orenstein voided the debt arrangement in Africa-Israel; the bondholders can consider other bidders.

18/02/2019 14:49 Real estate Omri Cohen
SpaceIL moonshot to be launched Friday

SpaceIL's spacecraft Beresheet is due to land on the moon in April and make Israel a member of a very exclusive club.

Shekel strengthens after January CPI reading

The CPI fell by less than expected in January, leading some to predict that the Bank of Israel will raise interest rates sooner rather than later.

18/02/2019 11:29 Economy Guy Ben Simon
Tefen raises NIS 11m to fund cannabis activity

Tefen is the latest in a series of Israeli cannabis companies to stock up on cash in anticipation of cannabis exports.

18/02/2019 10:49 Healthcare Gali Weinreb

17 February 2019

Rafael approves Aeronautics deal, Frenkel wants higher price

Phoenix controlling shareholder Aaron Frenkel is liable to demand a much higher price for his 30% stake than Rafael and Avichai Stolero are offering.

Starboard takes advantage of high-price Mellanox to sell

Starboard spent $250 million on buying nearly 11% of the Israeli big-data chip company and having sold shares for $116 million still has a holding worth $318 million.

17/02/2019 17:50 IT Shiri Habib-Valdhorn
Buffett maintains stake in Teva

Berkshire Hathaway still holds 43.2 million shares in Teva with a current value of $778 million.

17/02/2019 16:39 Healthcare Shiri Habib-Valdhorn
Israeli economy grew at sluggish 2.2% in H2 2018

Growth slowed to 2.2% on an annualized basis from 3.4% in the first half of 2018, and 4.3% in the second half of 2017, the Central Bureau of Statistics reports.

17/02/2019 15:50 Economy Amiram Barkat
CyberArk soars on impressive Q4 results

The company outstripped the market's expectations in both 2018 results and guidance for 2019.

17/02/2019 13:07 IT Guy Ben Simon
Analysts: Teva lacks strong growth engines

Leader Capital Markets and IBI do not see the Israeli pharmaceutical company resuming growth for several years.

17/02/2019 12:38 Healthcare Omri Cohen
Ratio Petroleum soars on Guyana drilling news

ExxonMobil will carry out exploratory drilling in the Kaieteur Block off the coast of Guyana, in which Ratio Petroleum holds 25%.

17/02/2019 12:04 Energy Kobi Yeshayahou
Freezing Tamar gas price could mean cheaper power

Israel Electric Corporation and the Tamar partners have agreed on a freeze in the price of natural gas until mid-2021, subject to regulatory approval.

17/02/2019 10:55 Energy Amiram Barkat

15 February 2019

CPI down 0.1% in Jan, housing prices resume rise

Inflation was 1.2% in the past 12 months, while despite the recent rise housing prices fell 1.4% in 2018, Israel's Central Bureau of Statistics reports.

Fiverr hires US banks ahead of IPO - report

The Israeli online marketplace for freelancers plans a Wall Street offering at a company valuation of $800 million, "Bloomberg" reports.

15/02/2019 09:07 Start ups Oshrit Gan-El
Israeli telco network co DriveNets raises $110m

The Ra'anana-based startup's innovative network solution and business model aim to disrupt telecommunications, so that telcos can meet surging demand while enhancing profit.

15/02/2019 06:54 Start ups Yasmin Yablonko
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