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03 August 2020

Cellular antenna American Tower in talks with Israeli mobile carriers

American Tower takes over rental agreements with the owners of cellular sites, thus freeing up cash for the carriers.

03/08/2020 10:54 Market Gad Perez
Amir Yaron Bank of Israel: Mortgage risk rising

According to the bank's Financial Stability Report, 50,000 young couples in Israel face difficulty in making mortgage repayments.

02 August 2020

Covid-19 puts data privacy on slippery slope

Coronavirus is associated with location monitoring and GPS tracking but health information can also be abused, argues Adv. Gary Copelovitz.

02/08/2020 20:00 Legal Adv. Gary Copelovitz
1230 homes approved to replace Herzliya wastewater plant

The wastewater purification plant will finally be vacated with Herzliya joining the Shafdan Dan Region wastewater plant, which is located in west Rishon Lezion.

02/08/2020 19:45 Real estate Guy Nardi
Amazon in talks to build three Israel data centers for NIS 1b

Azrieli and its partner Compass have bid to build and lease out the data centers to Amazon and have options on three lots for the purpose.

02/08/2020 18:45 Real estate Omri Zerachovitz
Kolber biggest winner as Fiverr soars nearly five-fold

Canadian born Jonathan Kolber, who today lives in Israel, has an 11.9% stake worth $383 million, in the gig economy platform company.

02/08/2020 17:40 IT Shiri Habib-Valdhorn
Israeli startups raised $700m in July

Israeli tech companies, which raised a record $8.3 billion in 2019, have already raised almost $6 billion in the first seven months of 2020, despite the Covid-19 crisis.

Medical imaging co Nanox files to raise $125m on Nasdaq

The Israeli company plans to disrupt early-detection healthcare via deployment of a global medical imaging infrastructure at an affordable price-per-scan service model.

Treasury sees Israel's economy shrinking 7.2% in 2020

The Chief Economist at the Ministry of Finance also sees 15% unemployment at the end of 2020, if Covid-19 persists through the winter, requiring parts of the economy to shut down.

02/08/2020 14:46 Economy Amiram Barkat
Apartments sold and rented

A selection of recent real estate deals including in Tel Aviv, Herzliya, Modi'in, Ness Ziona, Yavne and Beersheva.

Nakash brothers to inject NIS 25m into Arkia

The airline will also take a NIS 130 million loan to help it survive the Covid-19 pandemic.

Saturday night protests against Netanyahu continue

About 10,000 people gathered in Jerusaleme last night. The Likud has called reporting of the demonstrations "incitement by the media".

El Al board refuses Eli Rozenberg's meeting request

The airline says there is no point in a meeting until the true identity of the bidder for it is clarified.

02/08/2020 10:38 Tourism Michal Raz-Chaimovitz

30 July 2020

Construction industry AI co Buildots raises $12.5m

Buildots puts cameras on the hardhats of managers to capture imaging of every detail of an ongoing project during regular site walks.

30/07/2020 16:36 Real estate Yasmin Yablonko
Hebrew U researchers: Covid-19 in Israel under control

However, the team which includes Profs. Ronit Calderon and Yinon Ashkenazy, warns that there will be 200 more fatalities over the next 3 weeks from the wave in July.

30/07/2020 15:34 Healthcare Shani Ashkenazi
Aaron Frenkel builds Bayside position

The Israeli businessman, who last year made a large profit on Aeronautics, is looking for a repeat performance with income producing real estate company Bayside.

Gasoline prices in Israel to rise Sat night

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise by NIS 0.01 to NIS 5.45 per liter on Saturday night, August 2.

30/07/2020 13:11 Energy Globes correspondent
Teva scales down Japanese operations

Teva and Takeda have sold much of their joint venture and will focus on 20 generic drugs and several branded assets.

30/07/2020 12:29 Healthcare Shiri Habib-Valdhorn
Treasury chief urges El Al to move ahead on Rozenberg bid

Keren Terner wrote to the El Al board after meeting with Eli Rozenberg's representative Amikam Ben Zvi.

Fattal sells and leases back Berlin hotel

The Israeli hotel chain has increased liquidity by selling and leasing back the Leonardo Royal Berlin Hotel for NIS 230 million.

30/07/2020 10:16 Tourism Kobi Yeshayahou
Israel quietly raises more debt overseas

The Ministry of Finance is no longer announcing each new bond that is raised abroad with great fanfare.

30/07/2020 09:06 Economy Amiram Barkat
Health Ministry sees 'green countries' isolation waiver

Prof. Itamar Grotto says incoming passengers to Israel from low infection countries need not undergo isolation. But the plan faces many obstacles.

30/07/2020 06:49 Tourism Michal Raz-Chaimovitz

29 July 2020

Tower Semiconductor falls sharply after Q2 results

The Israeli chipmaker saw higher revenue and lower profit in the second quarter.

29/07/2020 17:56 IT Shiri Habib-Valdhorn
IAI, workers sign voluntary early retirement agreement

No numbers were mentioned but hundreds are expected to leave from the Aviation Group.

Knesset approves handouts, payments begin Sunday

The no-strings attached grants to every Israeli citizen will cost the Israeli government an estimated NIS 6.5 billion.

29/07/2020 15:46 Economy Tal Schneider
Israeli cloud security co Ermetic raises $17m

Ermetic helps organizations enforce tighter, least privilege access policies across both user and machine identities to help prevent data breaches.

Credit card spending in Israel rose strongly in June

Credit card spending was up 8.9% in June 2020 compared with June 2019, the Central Bureau of Statistics reports.

29/07/2020 14:37 Economy Amiram Barkat
Sales tech co raises $45m has created a conversation intelligence platform for high-growth sales teams using artificial intelligence.

Shekel at strongest against dollar in 30 months

The Israeli currency is trading at levels against the dollar not seen since January 2018.

29/07/2020 12:56 Market Globes correspondent
Knesset approves investment home purchase tax cut

The purchase tax rate hike to 8% instituted by Moshe Kahlon has been cancelled.

29/07/2020 11:37 Real estate Amiram Barkat
ICL posts $168m second quarter loss

CEO Raviv Zoller: The coronavirus pandemic will continue to affect us in the coming months but we are well placed in our target markets.

28 July 2020

Rozenberg asks to meet El Al board to explain bid

Eli Rozenberg's attorney says his client is prepared to answer all questions and dispel all doubts.

28/07/2020 19:22 Tourism Michal Raz-Chaimovitz
Yeinot Bitan to sell 35 branches ahead of IPO

Yeinot Bitan is prepared to sell the supermarkets individually or to one buyer. But some of the branches may be tough to sell because of high rents.

28/07/2020 18:22 Retailing Shany Moses
Israel Aerospace softens stance on layoffs

IAI's plan to lay off 900 employees from the Aviation Group has now become a voluntary early retirement program.

Israeli data discovery co Explorium raises $31m

Explorium allows companies to build better predictive models by connecting their internal data to thousands of external data sources.

28/07/2020 16:35 Start ups Yasmin Yablonko
Weather intelligence co ClimaCell raises $23m

ClimaCell’s product based on automated and predictive impact technologies, which help customers save millions in operational efficiency, improve safety, and avoid significant costs and damages from weather events.

28/07/2020 16:01 Start ups Globes correspondent
Sapiens acquires US insurance software co Delphi

This is Sapiens second acquisition in 2020 after buying German insurtech company Sum.como for €28.4 million.

28/07/2020 15:15 IT Shiri Habib-Valdhorn
Israeli medical imaging co Nanox raises $59m

The Neve Ilan-based company plans to disrupt early-detection healthcare via deployment of a global medical imaging infrastructure.

Goldman Sachs sees Teva stability over next year

Analysts Nathan Rich and Steven Braun give Teva a "Neutral" recommendation and 12-month $12 price target.

28/07/2020 13:55 Healthcare Shiri Habib-Valdhorn
Pressure pays: Gov't grant scheme expanded to all children

Knesset Finance committee chair Moshe Gafni threatened to block the bill unless the limit on eligible children in a family was lifted.

28/07/2020 11:41 Economy Dan Zaken
Investment house Halman-Aldubi receives second bid

A "foreign investment body" is competing with Altshuler Shaham Provident and Pension Funds to take over the company.

28/07/2020 11:02 Financial services Ron Stein

27 July 2020

Fiverr launches sites in Italian and Dutch

The freelance services website's latest European expansion follows the successful launch of sites in German, French and Spanish.

27/07/2020 19:04 IT Globes correspondent
El Al board questions seriousness of Rozenberg offer

Eli Rozenberg: Instead of saving the company, El Al continues on its track of extorting money out of the government.

Canzon signs cannabis CBD Portuguese distribution deal

The agreement with Portuguese distributor Smart Nature is worth about €350,000 annually.

Mor, Meitav Dash to invest $3m in meat alternative co SavorEat

The Israeli company has developed technology, which combines ingredients from an innovative plant based formula, 3D robot printing, and advanced cooking methods.

Delek Drilling raising $2.5b in bond offering

The offering is led by JP Morgan and HSBC internationally, and by Leader, Value Base and Barak Capital in Israel.

27/07/2020 13:45 Energy Omri Cohen
Knesset C'ttee fast tracks government handouts legislation

The grants to all Israelis could be paid this Thursday, but Finance Committee chairperson Moshe Gafni is threatening to delay the bills.

27/07/2020 12:07 Economy Dan Zaken
Tel Aviv 35: Tycoons out, technology in

Yitzhak Tshuva, David Fattal, Chaim Katzman and Idan Ofer will see their holding companies relegated from the leading Israeli index.

27/07/2020 11:00 Market Aviv Levy
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