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16 February 2020

Eran Yaacov Tax Authority plans real-time reporting of invoices over NIS 5,000

The Israel Tax Authority wants tough measures in the war on fictitious invoices and unreported capital.

16/02/2020 22:16 Economy Ela Levi-Weinrib
iPhone 11 / Photo: Stephen Lam Reuters , Reuters Apple warns virus hitting Israel's iPhone inventory

CData: Our inventory of phones has almost run out.

Pelephone CEO Ran Guron  photo: Shlomi Yosef Pelephone bids NIS 710m for Golan Telecom

Mobile telephony company Golan Telecom is in the midst of negotiations on an acquisition by Cellcom.

Amazon  / Photo: Shutterstock, Amazon: Free shipping for Jewish settlers but not Palestinians

Residents of Jewish settlements in Judea and Samaria receive free shipping on purchases over $49 but West Bank Palestinians do not, the Financial Times reports.

16/02/2020 18:35 Politics Globes correspondent
Copaxone Proneuron to sue Teva for billions in Copaxone damages

A court ordered Teva to restore the Copaxone rights for treatment of diseases other than multiple sclerosis to Proneuron, but the patent has expired, rendering the rights useless.

16/02/2020 18:05 Healthcare Gali Weinreb
Rami Levy  / Photo: Shlomi Yosef Rami Levy investing in hotels and sheltered housing

The investment is through BGI Investments, controlled by Rami Levy and Shalom Haim.

16/02/2020 16:22 Real estate Aviv Levy
Growth Photo: Shutterstock Israel's 2019 growth revised upwards

Israel's economy grew at 4.6% in the fourth quarter, higher than expected, because imports of hybrid cars were brought forward ahead of a 2020 tax hike.

16/02/2020 14:12 Economy Amiram Barkat
Micah Kaufmann Photo: Omer Hacohen Fiverr introduces AI logo maker

The Israeli freelance platform's new product will enable small businesses to create a new logo in seconds.

16/02/2020 13:55 IT Shiri Habib-Valdhorn
Zvika Schwimmer  / Photo: PR Electra confirms Cellcom talks to buy Golan Telecom

The acquisition of Golan Telecom by Cellcom would preempt a merger between Hot and Partner.

16/02/2020 13:03 Market Gad Perez
Warren Buffett Photo: ASAP Creative Value of Warren Buffett's position in Teva jumps

However, Berkshire Hathaway still has a loss on paper on its investment in Teva of about $230 million.

16/02/2020 12:39 Healthcare Shiri Habib-Valdhorn
Cannabis Yohai Gild arrested for drug dealing in Thailand

Gild was the founder of Better Cannabis, one of the pioneers of cannabis cultivation in Israel.

16/02/2020 12:10 Legal Gali Weinreb
price gun  photo: Tamar Matzafi CPI falls more than expected

Israel's Consumer Price Index fell by 0.4% in January. Home prices have also fallen slightly.

16/02/2020 09:59 Economy Amiram Barkat

13 February 2020

Ministry restricts Leviathan gas production

The Ministry of National Infrastructures, Energy and Water Resources alleges a fault in a pipeline, but operator Noble Energy says no fault exists.

13/02/2020 21:16 Energy Shani Ashkenazi
Chief of Staff launches plan for "more lethal" IDF

Lieut. Gen. Aviv Kochavi announced the Tnufa plan, even though there is no government to approve it and budget discussions with the Ministry of Finance have not yet begun.

Microsoft names new Israel Development Center head

Michal Braverman-Blumenstyk is the first woman in the role. The Israel Development Center is a major force in cybersecurity and AI within Microsoft.

13/02/2020 20:09 IT Yasmin Yablonko
Nice Systems beats analysts on revenue and earnings

Nice CEO Barak Eilam: We are in a very strong competitive position to capitalize on the changes taking place in our markets.

13/02/2020 19:42 IT Globes correspondent
Dan Bus Co secures investment at NIS 1.1b valuation

A consortium of investors led by the Value Base investment house and the LBH Infrastructure fund has acquired 40% of the Dan transport group for NIS 450 million.

Gil Sharon set to gain NIS 65m from Golan Telecom sale

Sharon was responsible for Electra Consumer Products' 2017 acquisition of Golan Telecom, and received 10% of Golan Telecom's shares in the deal.

Storage co Seagate opens Israel innovation center

Lyve Labs will scout for Israeli technologies and form partnerships with local businesses.

13/02/2020 16:28 IT Globes correspondent
Demand pushing up Tel Aviv office rents

Even though office rents are cheaper elsewhere, young people want to work only in Tel Aviv, thus fueling rent rises.

13/02/2020 15:58 Real estate Arik Mirovsky
New home sales in Israel up 42% in 2019

32,456 new homes were sold in 2019 as mortgage taking reached an all-time high.

13/02/2020 15:49 Real estate Arik Mirovsky
Digital companion co Intuition Robotics raises $36m

Over the last 12 months, ElliQ, the social companion robot that aims to reduce loneliness and social isolation, has spent over 10,000 days in older adults' homes.

13/02/2020 15:34 Start ups Globes correspondent
Shekel loses ground after reaching NIS 3.40/$

Market analysts believe there is a 50-50 chance of a rate cut this month.

BoI Deputy Governor blasts forex 'know-it-alls'

Andrew Abir slams the Bank of Israel's critics on foreign currency intervention for not understanding the market and the bank's tools.

13/02/2020 12:34 Economy Amiram Barkat
Potash plant upgrade hits Israel Chemicals results

The company's Dead Sea plant was shut down for a month, affecting production, while Chinese orders have been delayed.

Teva CFO: Wind blowing towards growth

Eli Kalif tells "Globes" that growth will be enhanced by streamlining factories rather than more closures and selloffs.

13/02/2020 10:31 Healthcare Shiri Habib-Valdhorn
Israeli politicians slam UN business blacklist

The blacklist contains 321 companies of which 112 have direct relations with Jewish settlements in Judea and Samaria.

13/02/2020 09:30 Politics Dan Zaken
El Al suspends Hong Kong, reduces Bangkok flights

The Israeli carrier is also extending the suspension of Tel Aviv – Beijing flights until April 24, but Tokyo flights will go ahead as planned.

13/02/2020 08:42 Tourism Michal Raz-Chaimovich

12 February 2020

Virus concerns hit Israeli tourism

Bookings are down and cancellations are up as tourism slumps. Hoteliers are hoping that Israelis reluctant to travel abroad will pick up the slack.

12/02/2020 21:16 Tourism Michal Raz-Chaimovich
Gov't buys back Jerusalem light rail Red Line

The Red Line concession is being bought back from CityPass for NIS 1.6 billion and will be transferred to Green Line builder and operator JNET.

Rafael adds drone destruction laser to Drone Dome

A laser cannon capable of destroying drones and UAVS at a distance of kilometers has been added to the system's already proven ability to disrupt communications.

Blackstone mulls bid for control of Isracard

The US private equity giant needs a 30% stake to have a controlling core in the Israeli credit card company.

Cloud data management co Model9 raises $9m

The Israeli company helps large enterprises accelerate their implementation of hybrid cloud and reduce the cost and complexity of their mainframe infrastructure.

12/02/2020 16:00 Start ups Globes correspondent
Deep learning cybersecurity co Deep Instinct raises $43m

Deep Instinct CEO: Current solutions based on ‘assume breach’ are simply insufficient for the highly sophisticated attack landscape.

Teva beats analysts on Q4 revenue and profit

The Israeli pharmaceutical company sees higher revenue and profit in 2020.

12/02/2020 14:31 Healthcare Globes correspondent
NSO buys Israeli counter drone co Convexum for $60m

Convexum's technology offers perimeter protection by keeping malicious drones out of sensitive air space.

Turkish Airlines launching low-cost brand in Israel

Prices of flights under the Anadolu Jet low-cost brand will be 10% lower than regular Turkish Airlines flights.

12/02/2020 12:57 Tourism Michal Raz-Chaimovich
Employee stock options co EquityBee raises $6.6m

EquityBee, which has enabled hundreds of Israeli startup employees to exercise their stock options, is now launching in the US.

Judges named for Netanyahu trial

The case will be heard by a three judge panel headed by Rivkah Fridman-Feldman, who found former Prime Minister Ehud Olmert guilty of taking bribes.

Modi'in offers longest life expectancy

Tel Aviv has both the highest per capital income and the lowest rate of home ownership, the Central Bureau of Statistics reports.

12/02/2020 12:09 Economy Bar Lavi
Russia's SOK opens Tel Aviv co-working space

SOK says its 3,000 square meter office workspace in Nitsba Tower has a special eco-friendly design to provide its 500 tenants with the best conditions for productive work.

US co buys Oxygen & Argon from FIMI for NIS 575m

Air Products & Chemicals is acquiring Israel's largest manufacturer of industrial gases.

El Al sees $30m Q1 revenue drop from virus impact

The Israeli carrier, which has cancelled all flights to China, expects to make up most of the fall by reducing operational expenses.

11 February 2020

Israeli cybersecurity co Sixgill raises $15m

The Israeli cyber threat intelligence company will use the new funds to expand its market presence worldwide.

Amdocs staying away from MWC because of virus

Amdocs will not be present in Barcelona where some of the world's biggest tech companies have already cancelled their participation.

11/02/2020 18:21 IT Globes correspondent
Partner snubs Hot with bid for Golan Telecom

Cellcom is already in talks to buy Golan Telecom, while Partner has received an acquisition offer from Hot.

11/02/2020 17:05 Market Gad Perez
5,400-home Rishon urban renewal project approved

9-30-floor buildings with 5,397 apartments will replace the 2,900 existing housing units in 3-4-floor buildings in Ramat Eliahu.

11/02/2020 16:26 Real estate Guy Nardi
Housing sales in Israel hit 4-year high

The number of real estate deals in December 2019 was the highest since June 2015, the Ministry of Finance reports.

11/02/2020 14:57 Real estate Arik Mirovsky
Bar Refaeli's mother nears16-month jail plea deal

Under the emerging plea bargain, Bar Refaeli will be sentenced to nine months of community service and a NIS 10-15 million fine.

11/02/2020 13:26 Legal Ela Levi-Weinrib
Hospital chief enraged by 'collapsing health system' claims

Ichilov Hospital CEO Ronni Gamzu is furious about Benny Gantz's populist comments and says that education and transport have bigger problems than the health services.

11/02/2020 12:58 Healthcare Naama Sikuler
Police order Tel Aviv strip clubs closed

Since April 2019, lap dancing has been classified as prostitution, allowing Israel Police to issue the closure orders.

11/02/2020 12:49 Legal Shani Ashkenazi
Shekel gains despite dollar's global strength

The shekel is trading at its strongest for two years against the dollar, even though the dollar is at a four-month high against other major currencies.

Breakdown interrupts Leviathan gas production

The breakdown resulted from a power supply failure. The Ministry of Environmental Protection says that no excessive pollution levels have been recorded.

11/02/2020 10:25 Energy Shani Ashkenazi

10 February 2020

Israel Land Authority: First sand, then solar

The Authority seeks to hold up the Dimona solar energy project in order to carry out sand mining.

10/02/2020 17:19 Energy Arik Mirovsky
Castro moves production out of China

The coronavirus outbreak is preventing the Israeli retail chain's suppliers from resuming manufacturing operations after the end of the Chinese holiday season.

10/02/2020 17:03 Retailing Shany Moses
Dismantling of Sde Dov airport completed

The runway and all of the buildings on the site in north Tel Aviv have been demolished in order to make way for thousands of homes.

10/02/2020 16:52 Real estate Arik Mirovsky
Israel extends visas of 1,700 Chinese building workers

More Chinese workers were due to arrive to replace them but this has been put on hold due to the coronavirus outbreak.

10/02/2020 15:51 Employment Guy Lieberman
Rani Zim to invest NIS 50m in Brenmiller

The loans that Rani Zim will provide to Brenmiller for current activity and completing the Rotem 1 project are convertible into shares.

10/02/2020 13:53 Energy Aviv Levy
Toyota launching KINTO car sharing in Israel

Israeli Toyota importer Union Motors will introduce four main options for subscribers.

Leumi Partners to buy 10% stake in Fox unit

Leumi Partners is also receiving an option for 9.9% more of Retailers' share capital.

10/02/2020 11:59 Retailing Shany Moses
Cellcom in talks to buy Golan Telecom

Such a deal would have the further advantage for Cellcom of blocking a Hot-Partner merger.

10/02/2020 11:04 Market Gad Perez
Elbit wins $136m Asian airborne laser deal

Elbit Systems will equip fleets of Airbus and Boeing aircraft with DIRCM systems, including the company's infra-red missile warning systems.

Isrotel reopens renovated Mitzpe Hayamim hotel

Isrotel has invested $23 million in renovating the 115-room Galilee hotel overlooking the Hula Valley and Kinneret.

10/02/2020 07:18 Tourism Globes correspondent
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