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21 November 2024

El Al aircraft credit: PR El Al says perception of fare hikes is exaggerated

Justifying its record results, the Israeli airline says it has capped maximum fares but as a result all seats are sold out until the end of the year.

21/11/2024 11:37 Tourism Netanel Ariel
Mizrahi Tefahot Mizrahi Tefahot Q3 profit jumps 30%

The bank reported the highest return of equity of any Israeli bank that has reported in the third quarter to date.

Impression of new SolarEdge campus at Glilot credit:  Gilad Lan SolarEdge to sublet part of new campus to ease crisis

The solar energy company is seeking tenants for its new campus in Glilot, which it has leased from Azrieli.

21/11/2024 07:22 Real estate Yuval Nisani

20 November 2024

Wix soars on strong Q3 results, raises guidance

Wix's share price, up 50% since the start of 2024, is over 13% higher today after the company reported strong revenue and profit growth.

20/11/2024 18:26 IT Shiri Habib-Valdhorn
Bill proposes abolition of public broadcasting in Israel

Communications Minister Shlomo Karhi and MK Tally Gotliv call for privatization of the Israel Public Broadcasting Corporation (Kan), and for shutting it down if no suitable buyer is found.

20/11/2024 14:18 Politics Nevo Trabelsy
Israeli data security co Cyera raises $300m at $3b valuation

Cyera has more than doubled its valuation since its most recent financing round in April 2024, when it also raised $300 million.

20/11/2024 13:26 Start ups Meytal Vaizberg
Office space in Rishon’s Eleph project rezoned for housing

Half the space allocated for offices in the southeast section of Rishon Lezion’s Eleph complex has been rezoned for the construction of 113 small apartments.

20/11/2024 13:02 Real estate Yuval Nisani
SaverOne loses over 99% of flotation value

The driving safety system developer claims a huge potential market, but has so far posted meager revenue and large losses.

El Al's profit climbs to new heights

The airline posted a net profit of $187 million for the third quarter, on record revenue of $1 billion.

20/11/2024 10:39 Tourism Netanel Ariel
Haifa drivers deterred by high Carmel Tunnels tolls

Tolls have risen 65% since the tunnels were opened in 2010, despite government subsidies.

19 November 2024

Israeli co Canada Global buys Miami real estate for $116m

The project covers 10 acres in Aventura and comprises three office buildings and three car parks as well as building rights for 500 apartments.

19/11/2024 17:52 Real estate Anat Daniely Lev
Histadrut and Treasury reach agreement on public sector pay

Israel's Ministry of Finance and Histadrut trade union movement have reached a final agreement on a package of economic measures that will be part of the 2025 state budget.

19/11/2024 17:00 Economy Oren Dori
NASA to integrate Odysight.ai cameras into aerospace vehicles

The Israeli company's systems will monitor any damage to the aerospace vehicles parts during flight trials.

Elbit Systems orders backlog grows to record $22b

CEO Bezhalel Machlis: We are developing an airborne laser, and are about to inaugurate a new UAV factory.

Despite price cuts, Tesla loses its shine in Israel

Israel's car market may be tiny, but it's an excellent test case for Tesla's ability to recover market share as rival brands pour in.

Bank Leumi posts 30% rise in Q3 profit to NIS 2.3b

The bank's mortgage portfolio grew 10% year-on-year, outstripping growth in lending to any other sector.

18 November 2024

Bladeranger signs solar panel drone cleaning deal with Electra

Propeller Drones will use its partner Bladeranger’s technology to clean Electra's solar energy fields.

18/11/2024 18:18 Energy Globes correspondent
Israel's risk premium falling sharply

Israel's markets have been over-performing in the past few weeks as investors see a ceasefire agreement with Lebanon moving nearer and the 2025 budget moving forward.

18/11/2024 17:54 Economy Aharon Katz
Housing price falls in Israel set to gain momentum

After rising for nine consecutive months, the Housing Price Index is again falling and additional data published last week suggests the trend will continue.

18/11/2024 15:53 Real estate Arik Mirovsky
Discount Bank posts 40% profit rise, announces share buyback

The bank will buy back shares up to a total of NIS 500 million.

Budgets chief: Politics overcame equality in austerity measures

Ministry of Finance Budgets Division head Yogev Gradus talked to Globes' Oren Dori at the Globes Investment Conference.

18/11/2024 14:52 Economy Idan Eretz
Unemployment in Israel falls to new low

While the war continues on two fronts, the job market remains tight and at full employment.

18/11/2024 14:07 Employment Idan Eretz
Elbit Systems wins contracts worth $335m in Europe

The contracts are for the supply of PULS rocket launchers and rockets and Hermes 900 UAVs to a European country.

Hapoalim Q3 profit up 14%

Bank Hapoalim's board has declared a dividend of 40% of the third quarter profit, partly in cash and partly as a share buyback.

17 November 2024

French gov't seeks to bar Israeli cos from Paris Air Show

The French government has filed an appeal with the administrative court in Paris to overturn the ruling that allowed Israeli defense companies to participate in the Euronaval exhibition.

Israel's Q3 growth figures unexpectedly robust

Initial estimates show 3.8% growth, on an annualized basis, in the third quarter of 2024, the Central Bureau of Statistics reports.

17/11/2024 13:27 Economy Aharon Katz
Apartments sold and rented

A selection of recent real estate deals in Israel in Rishon Lezion, Ramat Hasharon, Hod Hasharon, Netanya, Ashdod and Tirat Carmel.

17/11/2024 12:53 Real estate Nir Weiss Vadraru
US health insurance co Elevance closing Israeli center

The reason for the closure is probably to do with problems at the US health insurance giant itself, which has seen its share price fall 15% in the past month.

17/11/2024 12:04 Healthcare Gali Weinreb

15 November 2024

US co Bitsight buys Israeli co Cybersixgill

US cyber risk management company Bitsight will pay $115 million for the Israeli cyber threat intelligence data company.

Greece in talks with Israel on €2b Iron Dome - report

Greece is negotiating with Israel to develop its own Iron Dome air defense system, as part of an ambitious plan to modernize its military capabilities, "Reuters" reports.

14 November 2024

Alliance Tire to close by year end

CEO Ygal Trichter: Closing the activity in Israel has become the only realistic option for Yokohama Rubber.

Housing sales in Israel remain sluggish

In the third quarter of 2024, 24,350 homes were sold in Israel, up 31.3% from the third quarter of 2023, the Central Bureau of Statistics reports.

14/11/2024 16:01 Real estate Arik Mirovsky
Hapoalim reveals Bit app charges from January

The bank will charge fees for customers who receive more than NIS 25,000 in a calendar year.

Nokia acquires Israeli API co Rapid

Valued at $1 billion two years ago, the company is mainly being bought for its $150 million in cash and less for its API platform.

14/11/2024 12:07 Start ups Assaf Gilead
Israel names its biggest ever submarine

Built by Thyssenkrupp, the INS Drakon costs €500 million with one third of the cost financed by the German government.

Israir and Arkia in talks to launch Israel-US flights

The Israeli airlines plan to compete with El Al and cut fares by leasing planes but are demanding an amendment to the law on compensation for canceled flights.

14/11/2024 10:37 Tourism Stav Livne
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