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13 August 2018

Intel Kiryat Gat Photo: Einat Levron Tech giants seek assurances about war scenarios in Israel

Companies like Intel, HP and Philips want priority status on electricity and food supply and are asking for executives to be excused army reserve duty.

13/08/2018 19:06 Economy Tal Shahaf
Negev settlements Photo: Eyal Izhar Housing cabinet approves 4 Negev, Galilee communities

The new communities were approved because of their special character.

13/08/2018 19:06 Real estate Guy Nardi
Shari Arison  photo: Yossi Zeliger BoI seen demanding clarifications from Arison

Being questioned under caution in the Shikun & Binui bribery affair could put Shari Arison's bank control permit in jeopardy.

13/08/2018 18:54 Financial services Ron Stein
securities trading  image: Shutterstock Israel Securities Authority moves to regulate broker-dealers

A draft bill calls for broker-dealers to be licensed and to have independent directors.

One Equity Partners Logo MediaKind to set up Israel R&D center

One Equity Partners has acquired Ericsson's video and TV division and renamed it MediaKind.

Google Photo: Shutterstock ASAP Creative Google Flights launches in Hebrew

Google Flights is a search engine that helps consumers find the cheapest flights between destinations by comparing fares.

new apartments New home sales down 17%

5,329 new homes were sold in the second quarter, compared with 6,430 in the second quarter in 2017.

13/08/2018 15:53 Real estate Shlomit Tsur
Shekel Photo: ASAP Creative Turkish crisis weakens shekel against dollar

The shekel-dollar exchange rate is being influenced today by the Turkish lira crisis, as global investors flee towards the safe havens of the dollar.

13/08/2018 13:58 Market Globes correspondent
Israel Police Photo: Eyal Fisher Senior gov't official arrested in graft case

Israel Police detained 13 people and carried out searches this morning.

13/08/2018 12:38 Legal Globes correspondent
Shufersal Shufersal posts 23% Q2 profit growth

A decline in operating profit at the supermarket chain was offset by a rise in the value of its assets and a lower finance expense.

13/08/2018 10:31 Retailing Aviv Levy

12 August 2018

Real estate deals down 10% in June

The Ministry of Finance chief economist says that volume of deals in June was one of the lowest for that month in the past decade.

12/08/2018 21:11 Real estate Amiram Barkat
Police question Shari Arison in Shikun & Binui bribery probe

It is suspected that Shikun & Binui executives bribed a foreign employee in Kenya to promote its projects.

BoI demands Mizrahi Tefahot set aside $100m for US probe

The Supervisor of Banks demanded an increase in the provision  even before the "offer" by the US investigative agencies to settle the affair for a $342 million payment.

Israeli airlines winter schedules still under threat

The Ministry of Foreign Affairs is no longer willing to employ flight security staff for the Israeli airlines.

12/08/2018 16:45 Tourism Michal Raz-Chaimovich
Wizz Air to launch two new Eilat routes

The low-cost Hungarian airline will inaugurate routes from Eilat to Budapest and Sofia starting in November.

12/08/2018 16:10 Tourism Simon Griver
The Economist: Tel Aviv world's 9th most expensive city

Economist Intelligence Unit: Tel Aviv was ranked 34th just five years ago. Currency appreciation played a part in this rise.

12/08/2018 15:10 Economy Michal Raz Chaimovich
Israel's first lawyers' shared workspace set to open

Partners & Co. in Tel Aviv's Ha'arba'ah St. will offer all the space, tools and services required by elite legal professionals, under one shared roof.

Apartments sold and rented

A selection of recent real estate deals in Israel including in Herzliya, Ramat Gan Givatayim, Modi'in, Lod, Sderot and Dimona.

12/08/2018 13:51 Real estate Ori Chudy
Palestinian flags fly at Arab protest against Nation State Law

Thousands attended the demonstration in Tel Aviv, but Zionist Union politicians mostly stayed away.

12/08/2018 13:09 Politics Tal Schneider
Crime downtrend in Israel may be misleading

Adv. Dr. Dana Pugach, a leading expert in criminal justice, argues that there is a decrease in the reporting of crime, not a decrease in crime.

12/08/2018 12:47 Legal Chen Maanit
easyJet to launch Tel Aviv - London Stansted flights

The low-cost UK carrier already flies between Tel Aviv and two other London airports - Luton and Gatwick.

12/08/2018 11:34 Tourism Simon Griver
Apax cancels Zap IPO

The cancellation comes after investment institutions demanded a 40% cut in the offering price.

12/08/2018 10:29 Market Shai Shalev

09 August 2018

Israeli user content co Yotpo buys US co Swell Rewards

The deal combines Yotpo's user-generated marketing platform with Swell Rewards' customer loyalty club platform.

Switch to cloud boosts Nice Systems Q2 profit 9.8%

Second quarter revenue totaled $342 million. Nice has slightly raised its profit guidance.

09/08/2018 19:22 IT Shiri Habib-Valdhorn
RedHill Biopharma to raise $25m in Nasdaq ADS offering

RedHill's share price has fallen 45% since it reported the results of the Phase III trial of its drug for Crohn's Disease.

09/08/2018 18:40 Healthcare Gali Weinreb
July passenger traffic up 10.6% at Ben Gurion airport

El Al was the leading carrier, with 600,000 passengers. Wizz Air was the top foreign airline.

09/08/2018 17:50 Tourism Michal Raz-Chaimovich
Entropy slams IPO candidate Zap's corporate governance

The Israeli investment institutions consultancy company is not enthusiastic about how the online ad group, which plans a TASE IPO, is managed.

09/08/2018 15:28 Market Aviv Levy
Rafael offers to buy Aeronautics for NIS 430m

The acquisition offer, together with businessman Avichai Stolero, is at a 10% premium on the Israeli drone manufacturer's market price.

Amazon conducts first-ever seller survey in Hebrew

As Amazon expands Israel operations, the latest survey follows a survey among Israeli consumers several months ago.

09/08/2018 11:04 Retailing Shany Moses
Magic beats analysts estimates with higher Q2 profit

Magic CEO: Our strategic business initiatives are paying off.

09/08/2018 10:52 IT Shiri-Habib-Valdhorn
Perrigo prepares to sell prescription activities

The pharmaceutical company will focus on its generic and OTC operations.

09/08/2018 09:41 Healthcare Shiri Habib-Valdhorn
Over 100 rockets fired into Israel from Gaza

Senior IDF source: Hamas is on the path to collision and conflict.

09/08/2018 08:19 Politics Globes correspondent

08 August 2018

2,300 homes approved for Ramat Gan

The plan is for Ganei Azar near Tel Hashomer.

08/08/2018 19:19 Real estate Ori Chudy
Israel Aerospace plans to set up VC fund

With government permission, IAI plans investing up to $1.5 million in each of five startups annually.

IBI invests NIS 10.5m in InsuLine

InsuLine said that IBI's investment was strategic for its non-banking credit activity.

08/08/2018 17:13 Healthcare Gali Weinreb
Crowdfunding platform ToGeTher names Arbely on advisory board

Doron Arbely, a former director of the Israel Tax Authority, will help the equity based crowdfunding platform select investments to offer the public.

08/08/2018 16:02 Start ups Ela Levi-Weinrib
CyberArk beats analysts in Q2, raises guidance

The company's profit grew 28.3% to $149 million in the first half of 2018.

08/08/2018 15:51 IT Shiri Habib-Valdhorn
Tara also puts up dairy product prices

Tara's measure follows price hikes earlier this week by Tnuva.

08/08/2018 15:17 Basic industries Shany Moses
Antitrust regulator approves Reshet, Channel 10 merger

Approval of the merger is subject to Reshet selling its holdings in the news company, which it jointly holds with Keshet Broadcasting.

AI personalization software co Dynamic Yield raises $32m

Dynamic Yield's customers can run personalization, recommendations, testing and behavioral messaging from a single platform.

Check Point warns on fake WhatsApp messages

Investigators discovered that phony WhatsApp messages can be sent impersonating someone else and preventing messages from getting through.

08/08/2018 13:47 IT Tal Shahaf
Cellcom buys control of fiber-optic co Unlimited

Cellcom will look for investment partners and accelerate its deployment of fiber optics on Israel Electric Corp's infrastructure.

08/08/2018 12:28 Market Gad Perez
Shekel recovery continues

Nomura analyst Henrik Gullberg: The recent weakening of the shekel against the dollar was too extreme.

08/08/2018 11:53 Market Amiram Barkat
Mizrahi Tefahot rejects $322m US tax probe settlement

The Israeli bank has refused an offer by the US authorities to settle an investigation against it on allegations that it helped US customers evade tax.

07 August 2018

Israeli co DiA Imaging Analysis raises $5m

Beersheva-based DiA’s automated AI and imaging analysis technology delivers accurate and reproducible imaging analysis of ultrasound images.

07/08/2018 17:40 Healthcare Globes correspondent
Two new Negev towns approved

The National Board for Planning and Building approved the establishment of Daniel and Ir Ovot and the extension of the Nitzana youth village.

07/08/2018 16:14 Real estate Ori Chudy
Foreign exchange reserves up despite no currency purchases

Israel’s foreign exchange reserves at the end of July 2018 stood at $115.782 billion, up $950 million from their level at the end of June 2018.

07/08/2018 14:46 Economy Globes correspondent
Ben Gurion airport introduces valet parking

Passengers can pay NIS 150 plus NIS 60 per day for parking to have their car parked and waiting for them when they return.

07/08/2018 14:05 Tourism Michal Raz-Chaimovich
Nippon Broadcasting invests $3m in Israeli co AudioBurst

Tel Aviv-based Audioburst is a voice search platform that harnesses the power of AI and Natural Language Processing.

07/08/2018 13:15 Start ups Globes correspondent
Shekel strengthening, dips below NIS 3.70/$

The Israeli currency can expect a boost from S&P's decision to raise the country's credit rating to AA-.

07/08/2018 12:08 Market Globes correspondent
Elbit Systems wins $85m Israel Navy EW contract

The contract is for electronic warfare suites for the Israel Navy Sa'ar 6-class corvettes that will protect Israel's Exclusive Economic Zone.

TASE: Banks charge far more than investment houses

For small portfolios, the banks' average trading commissions are 2.9 times higher, while their management fees are a whopping 33.3 times higher.

07/08/2018 11:28 Financial services Ron Stein
Strauss posts 14% rise in Q2 profit

Interim CEO Giora Bardea: The results in Israel reflect continued outperformance versus the domestic food and beverage market; our international activity continues to expand.

06 August 2018

Saidoff takes control of Shikun & Binui

Naty Saidoff paid Shari Arison NIS 1.1 billion for 47% of the company's capital.

06/08/2018 19:04 Real estate Kobi Yeshayahou
Israel Post fails to collect tax on o'seas parcels

There is a tax loophole because the computer systems of the Israel Postal Company and the Israel Tax Authority are not connected.

06/08/2018 18:59 Economy Michal Raz-Chaimovich
Edison stops gas exploration in Israel

The market sees the decision as proof that gas exploration in Israel is not attractive due to restrictions on gas exports.

06/08/2018 18:47 Energy Amiram Barkat
Israeli gov't to offer incentives for 5G mobile networks

Mobile carriers are cutting back on investment because of lower profitability.

Summit buys German real estate co for €45m

GxP holds 12 office buildings, mainly in Frankfurt and Berlin.

06/08/2018 17:19 Real estate Aviv Levy
Bank Hapoalim mulls closing dozens more branches

Having shut down 50 branches since 2012, Israel's largest bank is to consider a new streamlining plan.

06/08/2018 17:18 Financial services Irit Avissar
Benny Landa invests $2m in VR co DoublX

The Israeli company's platform is designed to enable anyone to create 3D VR content.

06/08/2018 16:11 Start ups Yasmin Yablonko
OurCrowd ranked as most active Israeli VC investor

According to PitchBook, OurCrowd was involved in 32 investments since the start of 2016, nearly double the number of Magma, Pitango and Vertex who all shared second place with 17 investments each.

Shekel strengthens at opening

Prico Group CEO Yossi Fraiman: Israel's rating upgrade by S&P will have a considerable effect on the foreign exchange market.

06/08/2018 13:23 Market Globes correspondent
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