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05 December 2021

SolarEdge panels Photo: Company website SolarEdge to join S&P 500 Index

The Israeli solar energy company will join the index of the 500 largest companies on Wall Street that are incorporated in the US.

05/12/2021 18:26 Energy Shiri Habib-Valdhorn
Yair Avidan Photo: Eyal Toueg Bank of Israel instructs banks to disclose ESG activities

These amendments are part of the steps being taken by the Banking Supervision Department to strengthen the banking system’s contribution to the environment and to society.

Ami Daniel, Lord John Browne and Matan Peled Photo: PR Israeli shipping analytics co Windward to list on London's AIM

Windward has raised a gross £34.5 million from institutional investors at a company valuation of £127 million and begins trading tomorrow.

05/12/2021 16:26 IT Shiri Habib-Valdhorn
F-15 Photo: PR Israel approves NIS 5b procurement for possible Iran confrontation

The Ministerial Committee on Defense Procurement approved the budget for advanced high precision and powerful attack weapons and missile defense systems to combat Iran and its proxies.

05/12/2021 15:37 Aerospace & defense Danny Zaken
Alfred Akirov  credit: Eyal Izhar Akirov bids to buy control of Clal Insurance

Alrov Properties controlled by Alfred Akirov already has a 15% stake in the Israeli insurance company.

05/12/2021 14:22 Financial services
Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Ramat Gan, Herzliya, Hod Hasharon, Netanya, Rosh Ha'ayin, and Beersheva.

05/12/2021 13:54 Real estate Yaser Wakid
City Breeze Nazareth Photo: Llabres Tabony Architects Nazareth housing project lets the breezes dictate the design

Nazareth architect Aiman Tabony bucks the trend of identical buildings and standardization with an experimental design.

05/12/2021 13:30 Real estate Guy Nardi
HSBC Tower, Manhattan  credit: Shutterstock, Roman Tiraspolsky Property & Building sells HSBC Tower in Manhattan

The company has sold the 30-floor building to Innovo Property Group for $855 million.

05/12/2021 10:32 Real estate Omri Cohen

02 December 2021

Int'l hospitality network Selina to go public via SPAC

Selina, founded by Rafael Museri and Daniel Rudasevski, has its technological development center in Tel Aviv.

02/12/2021 19:58 Tourism Bar Lavi and Omri Cohen
Average salary in Israel rises 2.9%

The average monthly salary in Israel in the tech sector has risen 8% over the past year.

02/12/2021 18:49 Employment Bar Lavi
Haim Saban opposes Partner takeover

Saban claims that the trustee for the shares that the Gabbay-Rodav consortium seek to buy should auction them.

Nansono, ODAS to build antibacterial materials factory in Turkey

Turkish company ODAS is investing several million dollars in the Israeli company for the project and further technological development.

02/12/2021 13:37 Healthcare Gali Weinreb
Israel-UAE diamond dealing thwarted by banking regulations

Diamond trading between Ramat Gan and Dubai was conducted more smoothly through indirect contacts before the Abraham Accords, industry sources say.

02/12/2021 12:12 Financial services Danny Zaken
Israeli co Fireblocks raising $400m at $8b valuation - report

Fireblocks, which has developed a cryptocurrency platform for banks and financial institutions, has increased its valuation eleven-fold this year, "The Information" reports.

02/12/2021 11:17 Financial services Ofir Dor
Municipalities vow to fight decision not to build marinas

The Israeli cities see the marinas as an opportunity for economic development and dismiss arguments about environmental damage and access to beaches as demagoguery.

01 December 2021

Investment group Prytek raises $107m from Davidson Kempner

Prytek plans to invest the new capital that it has raised to accelerate its growth strategy.

01/12/2021 16:17 Start ups Globes correspondent
Israeli cybersecurity co CyCognito raises $100m

The company's external attack surface management platform delivers a complete solution to quickly prioritize, investigate, and respond to potential security risks.

01/12/2021 16:00 Start ups Globes correspondent
OECD raises Israel's economic growth forecast

According to the OECD report published today, Israel's GDP growth will be 6.3% in 2021, up from 5% in its last forecast.

01/12/2021 15:33 Economy Guy Ben Simon
Shekel opens December with gains

The shekel has opened December with gains after losing nearly 1% against the dollar in November and gaining 2% against the dollar in October.

01/12/2021 14:02 Market Globes correspondent
Israeli startups raised $2.8b in November

Israeli tech companies have raised $23.6 billion in the first eleven months of 2021, more than double the record $10 billion raised in all of 2020.

01/12/2021 13:41 Start ups Globes correspondent
Innovid begins trading on NYSE at $1.3b valuation

Innovid is raising $251 million after the PIPE investment was increased but did not offset 80% of the SPAC investors pulling out of the deal.

01/12/2021 13:01 IT Shiri Habib-Valdhorn
Kardan Real Estate to build 1,200 homes in Jerusalem

The company has entered into a combination deal for construction on privately held land in Jerusalem's Ramot neighborhood.

01/12/2021 12:22 Real estate Guy Nardi
"The Economist" names Tel Aviv world's most expensive city

Tel Aviv has risen five places to replace Paris at the top the Economist Intelligence Unit's Worldwide Cost of Living rankings.

01/12/2021 10:46 Economy Globes correspondent

30 November 2021

Nahariya marina approved, plan for five others rejected

The Planning Administration spokesperson said the five marinas were rejected because of environmental damage and the need to keep beaches accessible to the public.

30/11/2021 21:23 Real estate Guy Nardi
Court halts sale of Western Wall 3D stone scans amid fraud claims

The Western Wall Heritage Foundation claims it was fraudulently told the images were solely for academic purposes.

30/11/2021 18:21 Legal Avishai Grinzaig
Fintech co Fundbox raises $100m at $1.1b valuation

The Israeli company extends credit to small and medium sized businesses in the US.

30/11/2021 17:00 Financial services Ofir Dor
Coinbase to set up Israel R&D center, buys Unbound Security

The US cryptocurrency exchange giant will pay an estimated hundreds of millions of dollars for the Israeli crypto-protection company.

30/11/2021 16:31 Mergers & acquisitions Ofir Dor
Micro-transit co Via raises $130m at $3.3b valuation

The Israeli company controls an estimated 50% of the world's micro-transit market

Egis Gadish wins tender to manage Tel Aviv Metro preparations

The tender winners will coordinate, and manage all preparations for construction of 150 kilometers of underground railway and 109 stations.

BioLight teams with Tel Aviv's Ichilov Hospital

BioLight will receive the right of first refusal on licensing ophthalmology technologies developed at the hospital.

30/11/2021 14:10 Healthcare Globes correspondent
Can Peretz overcome obstacles to privatization of IAI?

The process of floating Israel Aerospace Industries on the Tel Aviv Stock Exchange is still bogged down by political wrangling.

30/11/2021 13:34 Aerospace & defense Danny Zaken
Bezeq profit higher despite fiber optic investment

The Israeli telecommunications company has raised its profit guidance for 2021.

30/11/2021 12:50 Market Globes correspondent
Tesla dominates as EV sales take off in Israel

9,600 electric cars have been delivered in Israel so far this year, 700% more than in 2020.

29 November 2021

Michaeli's Shabbat buses initiative lacks coalition consensus

Minister of Transport Merav Michaeli is promoting an amendment to traffic regulations, which would allow local authorities to operate buses on Shabbat.

Cybersecurity co Armis raises $300m at $3.4b valuation

The Israeli company's valuation has more than tripled in value since it was acquired by Insight Partners at a valuation of $1.1 billion in January 2020.

29/11/2021 16:26 Start ups Globes correspondent
TAU Ventures raises $50m second VC fund

TAU Ventures was founded in 2018 by managing partner Nimrod Cohen, together with Tel Aviv University.

29/11/2021 16:04 Start ups Globes correspondent
Shekel opens week stronger as markets stabilize

Last week's market falls on Covid Omicron variant concerns have halted and the shekel has resumed its gains.

29/11/2021 15:05 Market Globes correspondent
Treasury proposes IPO for 40% of Israel Postal Co

Minister of Finance Avigdor Liberman is insisting that a decision be made on the different options for privatizing the Israel Postal Company.

29/11/2021 14:02 Economy Gad Perez
Partner: Buyers face challenge, Hutchison can finally collect debt

In bidding for Partner Communications, Avi Gabbay and Shlomo Rodav are hoping to succeed where Ilan Ben Dov and Haim Saban failed.

Yaron: We'll replace Telbor with Bank of Israel rate

At a Tel Aviv conference this morning, Governor of the Bank of Israel Amir Yaron also spoke of the dilemma over a possible digital shekel.

Partner posts strong quarter as takeover nears

Third quarter revenue was up 5%, and the mobile subscriber base surpassed three million.

29/11/2021 10:24 Market Gad Perez
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