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20 June 2019

McDonald's Photo: Reuters McDonald's raising prices in Israel

The current price of NIS 36 for a Big Mac meal with chips and a soft drink will be increased by 3%

20/06/2019 18:38 Economy Shany Moses
David Forer Photo: Rafi Deloyet / Photo: Rafi Deluya, Searchlight Bezeq acquisition agreement signed

Harel says that agreement was reached after B Communications agreed to its demands.

Hercules aircraft Photo: PR / Photo: PR Air Force slams Israel Aerospace over maintenance

The IAF commander has ordered Hercules cargo planes and Boeing 707 planes used for airborne refueling to be grounded and left out of training flights.

Buyer Price project in Yavne  photo: Eyal Fisher Housing starts in Israel fall again

Housing starts have been falling by an average of 4.4% per quarter, the Central Bureau of Statistics reports.

20/06/2019 16:39 Real estate Guy Lieberman
Perry Davidson Photo: Eyal Izhar Syqe begins marketing medical cannabis inhaler

The new inhaler, which allows doctors to prescribe precise dosages, has received Ministry of Health approval in Israel.

20/06/2019 16:37 Healthcare Gali Weinreb
Kare Schultz Photo: Shlomi Yosef Teva no longer largest generic drugmaker

After the Israeli company fell again on Wall Street, rival generics pharmaceutical company Mylan now has a larger market cap than Teva.

20/06/2019 15:10 Healthcare Shiri Habib-Valdhorn
Netflix Photo: Harry Wedzinga Shutterstock Netflix puts up prices in Israel

Netflix has announced increases in its prices in 20 countries, including Israel due to investment in new productions.

Electric charging point Photo: EV Edge Kfar Saba to install 500 electric car charging points

Tel Aviv and Kfar Saba are the only two cities planning a municipal charging network without help from the Ministry of National Infrastructure, Energy, and Water Resources.

Shekel Photo: ASAP Creative Shekel gains sharply following Fed's dovish remarks

With President Trump eager for a rate cut, "Bloomberg" reports that he has been telling confidants that he has the authority to replace Fed Chair Jerome Powell.

20/06/2019 12:25 Market Simon Griver
Pnina Fishman photo: Eyal Izhar Can-Fite fights hostile takeover

The Israeli drug development company, which has the worst-performing stock on the Tel Aviv Stock Exchange so far this year, has filed a NIS 40 million lawsuit against Capital Point.

20/06/2019 11:41 Healthcare Gali Weinreb
Ronen Samuel Photo: PR Kornit Digital underwriters exercise options

This brings the total raised in the Israeli textile printing solutions company's offering to $137.3 million.

20/06/2019 11:27 IT Shiri Habib-Valdhorn
Lipstick Building  photo Shutterstock Property & Building decides against buying NY's Lipstick Building

The company announced that after an initial examination it had decided not to proceed.

19 June 2019

Roman Abramovich to buy Herzliya home for $63m - report

The Russian-Israeli billionaire is set to buy the most expensive-ever home in Israel, "News1" reports.

Jordan bars tourists from bringing in Jewish items

Tourists who bought souvenirs in Israel are not being allowed to bring them into Jordan for security reasons.

19/06/2019 18:41 Tourism Michal Raz-Chaimovich
Israel Aerospace to set up Tel Aviv innovation center

IAI is founding the center in cooperation with the Starburst international aerospace startup accelerator.

Scopus Biopharma to raise $25m on Nasdaq

The company's drugs are based on the body's endocannabinoid system, but not on the cannabis plant.

Avi Himi elected head of Israel Bar

Adv. Himi beat Adv. Zion Amir in the election with 27,000 lawyers voting, less than 30% of the lawyers entitled to vote.

Citi closing Israel research department

The closure reflects lack of interest by foreign investors in the Tel Aviv Stock exchange.

19/06/2019 16:41 Market Gad Perez
Pitango appoints 2 new partners

Idit Muallem-Yedid will focus on growth companies and Yair Cassuto on early stage startups.

Israeli sugar reduction co DouxMatok raises $22m

DouxMatok has developed a molecule that improves the absorption of sugar, meaning a smaller quantity of sugar can give consumers the same sweet taste.

19/06/2019 15:30 Healthcare Gali Weinreb
Foresight soars after Elbit deal

Elbit will integrate Foresight's image processing software in its products.

19/06/2019 13:31 IT Kobi Yeshayahou
Shekel gains as Fed mulls rate cut

Yesterday ECB president Mario Draghi made dovish comments that upset US President Donald Trump.

19/06/2019 12:02 Market Simon Griver
Chroma completes acquisition of 20% Camtek stake

The Taiwanese company is paying $74.3 million for a 20% stake in the Israeli metrology and inspection equipment manufacturer.

19/06/2019 11:23 IT Shiri-Habib Valdhorn
Elbit wins $73m German aircraft protection deal

The Israeli defense electronics company will work closely with Germany's Diehl for the integration of the systems inside A400M aircraft.

Israeli co Eviation unveils electric plane at Paris Air Show

The company, which has developed the world's first all-electric aircraft, has signed its first deal, with US regional carrier Cape Air.

Aviv Geffen joins cannabis co Intelicanna

The Israeli rock star will help build and front an ad campaign and will receive 100,000 share options at an exercise price of NIS 6.60 per share.

18 June 2019

Hot forced to raise Internet prices

The Ministry of Communications found that Hot was selling its 200-megabyte package for less than the price it charged Partner and Cellcom.

18/06/2019 18:01 IT Gad Perez
UK Space Agency awards Israeli co hiSky $11.3m

hiSky aims to be the world’s first low-cost communications satellite network operator.

Facial recognition co AnyVision raises $31m

The Israeli computer vision company has developed core software solutions that make all cameras smart.

Fattal to open hotel in historic Tel Aviv building

The luxury boutique hotel in a Bauhaus building near Dizengoff Square will have 90 rooms.

J&J to close Tel Hashomer blood bank operations

The facility will operate on a limited format until 2021, when it will be shut down completely.

18/06/2019 16:11 Healthcare Gali Weinreb
Oracle to lay off dozens in Israel

More than half of the employees at the Ravello development center have been summoned to a pre-layoff hearing.

18/06/2019 15:02 Employment Yasmin Yablonko
Ethernity Networks soars on Chinese deal

Communications equipment manufacturer FiberHome will use Ethernity's programmable hardware in its product.

18/06/2019 13:42 IT Shiri Habib-Valdhorn
Can Migdal's new CEO restore its glory?

An impatient owner and a hands-on chairman are just the start of the challenges Ran Oz faces at Migdal Insurance.

18/06/2019 12:46 Financial services Ron Stein
New-minted transport minister Smotrich: Sde Dov will not close

Betzalel Smotrich's first stop after being appointed minister of transport was the tent protest against the closure of Sde Dov Airport led by Eilat mayor Moshe Yitzhak-Halevi.

18/06/2019 10:06 Real estate Tal Schneider

17 June 2019

Medtronic signs marketing agreement with CathWorks

This is Medtronic's third marketing agreement this year with an Israeli medical technology company.

17/06/2019 19:46 Healthcare Gali Weinreb
Haifa port construction continues despite US opposition

A source told "Globes" that the US pressure over the Chinese construction company is not motivated by any real security need.

17/06/2019 19:36 Politics Daniel Schmil
Allot expanding operations, to hire dozens in Israel

The company has changed its business focus, emerged from its crisis, and resumed its revenue growth.

17/06/2019 18:23 Employment Shiri Habib-Valdhorn
Habana Labs unveils rival AI chip to Nvidia

Training systems based on Gaudi processors will deliver an increase in throughput of up to four times over systems built with equivalent number GPUs.

17/06/2019 18:09 IT Uri Berkovitz
Patrick Drahi acquires Sotheby's for $3.7b

The Franco-Israeli telecom entrepreneur is paying a 61% premium on the share price of the world's largest art auction house.

IEC accepts 15% of amount owed by Egyptian gas cos

An international arbitrator awarded Israel Electric $2.36 billion in compensation, but IEC will receive only $500 million under the settlement.

17/06/2019 16:55 Legal Daniel Schmil
IGP leads $110m investment in digital forensics co Cellebrite

The Israeli company's systems can collect and analyze data from mobile phones, PCs and tablets, computer clouds and even civilian drones seized by security forces.

17/06/2019 16:43 Start ups Omri Zerachovitz
Citi slashes Teva price target

Citi still rates Teva "Buy", but acknowledges that "near-term opioid-related catalysts are unlikely to alleviate investor concerns."

17/06/2019 16:41 Healthcare Shiri Habib-Valdhorn
Tnuva plans selling direct to consumers

Tnuva is launching an online sales venture for home cooking kits, including ingredients and recipes.

17/06/2019 15:37 Basic industries Shany Moses
Mobileye to trial robo-taxis in Israel next year

Intel has told "Bloomberg" that it plans putting self-driving cabs on the road, starting with Israel in 2020.

17/06/2019 15:13 IT Globes correspondent
Elbit unveils CONDOR MS long-range surveillance

The CONDOR family of systems is integrated onboard a variety of platforms among them the F-16 A/B/C/D/I, F-4, SU-30 and B-737.

No ministers or officials in Israel's Bahrain delegation

Israel is sending a business delegation to the US-sponsored peace workshop, while the Palestinians are staying home.

17/06/2019 13:08 Economy Tal Schneider
Homes sales spurt in April

Young couples are dominating Israel's housing market.

17/06/2019 12:58 Real estate Arik Mirovsky
Eyal Lapidot buys 5% of Clal Insurance

Lapidot has exercised an option he received last month to buy the shares from IDB Development for NIS 132 million.

17/06/2019 12:10 Financial services Omri Cohen
Netanyahu: President Trump tore away the mask of hypocrisy

The prime minister and US Ambassador David Friedman unveiled a sign marking a new Golan Heights settlement named in honor of Donald Trump.

17/06/2019 11:14 Politics Tal Schneider

16 June 2019

Intel CEO in Israel announces startup accelerator launch

Bob Swan: Israel has the deep skill base in AI, and autonomous systems  that make it a natural choice to launch our Ignite program.

16/06/2019 19:40 Start ups Uri Berkovitz
Tel Aviv to introduce e-scooter, bike restrictions

The number of scooters and bikes will be limited to 2,500 per operator and they can only be left in designated parking areas.

Hotel revenue up from foreign tourists, down from Israelis

Foreign tourists accounted for 49% of total hotel proceeds in the first quarter of 2019.

16/06/2019 18:27 Tourism Michal Raz-Chaimovich
Bezeq bondholders raise difficulties on Searchlight bid

Harel Insurance and Altshuler Shaham will vote against the bid in its current form.

NSO owner pledges new governance framework

Following repeated criticism of Israeli surveillance company NSO, European private equity firm Novalpina has pledged that it will put a governance framework in place within 90 days.

16/06/2019 17:44 IT Globes correspondent
Elbit unit wins $50m aircraft structural parts deal

Elbit Systems - Cyclone Ltd. will supply structural parts from composite materials for an aircraft of a North American customer over six years.

Jaffa's Scottish House to become Selina hostel

The international hostel and coworking space chain will offer 12 different types of accommodation at prices ranging from $35 to $400 a night.

Teva slumps to yet another low

Teva's current share price of $8.24 puts its market cap at $9 billion.

16/06/2019 14:47 Healthcare Shiri Habib-Valdhorn
Kornit Digital prices Nasdaq offering, to raise $119m

The Israeli digital printing for fabrics company plans to raise $119 million in its secondary offering at $27.50 per share.

16/06/2019 13:47 IT Shiri Habib-Valdhorn
Israel's Q1 growth figure revised downwards

The Central Bureau of Statistics lowered its estimate for GDP growth in the first quarter from 5.2% to 4.8%.

16/06/2019 13:37 Economy Amiram Barkat
Israeli housing prices continue to rise

Home prices rose 0.5% in March-April 2019 and are up 1% over the past year, the Central Bureau of Statistics reports.

16/06/2019 13:35 Real estate Amiram Barkat
Roman Abramovich donates $5m to Jewish Agency

The largest-ever single gift received by the Jewish Agency will be used by its international unit to fight growing anti-Semitism around the world.

16/06/2019 12:37 Economy Globes correspondent
Fischer: Powell hiked rate because Trump said he shouldn't

Speaking at the IDC Herzliya, Prof. Stanley Fischer said that if re-elected in 2020, President Trump won't reappoint Jerome Powell as Fed Chair.

16/06/2019 11:58 Economy Uri Pasovsky
What sent Fiverr soaring?

Was the Israeli freelancer platform's IPO priced too low, or did the surge represent only a temporary rush of enthusiasm?

16/06/2019 11:51 Market Omri Zerachovitz
Discount Investment ups Property & Building offer

Eduardo Elsztain's Discount Investment has raised its offer for the public's shares in Property & Building by 8.1%.

16/06/2019 10:28 Real estate Omri Cohen
CPI up 0.7% in May

Israel's annual rate of inflation is running at 2.1%.

16/06/2019 10:09 Economy Globes correspondent

14 June 2019

Anheuser-Busch InBev opens Israeli cybersecurity unit

The world's largest brewer is seeking to prevent financially motivated attacks and the disruption of operations.

14/06/2019 06:48 IT Globes correspondent

13 June 2019

Cellcom starts selling services on IBC fiber optic infrastructure

This is despite the fact that the deal whereby Cellcom, IIF, and Israel Electric Corporation are buying the IBC venture has yet to receive Communications Ministry approval.

13/06/2019 20:26 Market Gad Perez
Fiverr soars on first day on Wall Street

The Israeli gig economy platform's share price rose 90% after it held its IPO at $21 per share.

13/06/2019 19:23 IT Omri Zerachovitz
Tufin's first public financials: Q1 revenue up 25%

The cybersecurity company, which held its IPO in April, projects over $100 million revenue in 2019.

13/06/2019 18:12 IT Roy Katsiri
New home purchases fall

The number of new homes sold in Israel in February-April was far below sales in November 2018-January, but 18% more than in February-April 2018.

13/06/2019 17:41 Real estate Arik Mirovsky
Treasury plans tax hike for hybrid cars

Reduced tax benefits for hybrid and plug-in hybrid vehicles are among the Ministry of Finance's stopgap measures for dealing with Israel's fiscal blowout.

IAI Elta unveils next generation radar

The operational and combat proven MMR provides air defense capabilities to customers around the world as well as being the radar of Iron Dome, David's Sling and IAI's land-based Barak weapon systems.

Together buys medical cannabis co Cannabliss for NIS 14m

Cannabliss has major knowhow and experience in developing medical cannabis products, and managing a factory.

13/06/2019 15:42 Healthcare Gali Weinreb
Fox-Wizel buys Billy Haus stake for NIS 24m

Billy Haus holds an exclusive franchise to sell Billabond and Quiksilver products in Israel.

1,000 home Beit Shemesh urban renewal project approved

176 apartments in eight old buildings will be replaced by 10 new buildings having 10-25 floors each.

13/06/2019 14:34 Real estate Shlomit Tsur
UBS: Latest Teva fall unjustified

Both UBS and Oppenheimer say that the additional information required by the judge in Oklahoma opioids case will not affect the $85 million settlement reached by Teva.

13/06/2019 14:27 Healthcare Shiri Habib-Valdhorn
ISS supports Nvidia's acquisition of Mellanox

The US consultancy firm is also recommending an increase in compensation for Mellanox founder and CEO Eyal Waldman.

Elbit nears $180m Philippines drone deal

The deal includes the supply of Hermes 900, Hermes 450, Skylark 1, and Skylark 3 UAVs.

Fintech co Sunbit raises $26m

With offices in Los Angeles and Israel, the company transforms the process of financing in-store purchases for consumers across the credit spectrum.

Fiverr to list on NYSE today at $650m value

The Israeli online freelancer platform aims to raise $110 million in its Wall Street IPO.

13/06/2019 09:29 IT Omri Zerachovitz
Israeli medical coding co Nym raises $6m

The company provides automatic, accurate, and real-time medical coding, enabling healthcare facilities to optimize their revenue cycle processes.

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