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02 June 2020

Yoav Zeif  / Photo: Stratasys Israeli 3D printing co Stratasys sheds 10% of work force

The company expects that the layoffs and other cost cutting measures will reduce annual expenditure by $30 million.

LORA  / Photo: Wikibob IAI successfully trials LORA ballistic missile

Israel Aerospace has successfully completed a dual operational firing trial with LORA (Long Range Artillery Weapon System).

NIO  / Photo: PR China's NIO, Mobileye launch level 4 trials in Israel

The Chinese electric vehicle maker is installing Mobileye kits for driverless cars.

02/06/2020 17:04 IT Dubi Ben-Gedalyahu
Dan Glotter / Photo: Optimal Plus National Instruments buys Israeli co OptimalPlus for $365m

The Holon-based company develops AI big-data analytics for the semiconductor and automotive industries.

John Medved Photo: Yossi Zamir OurCrowd launches $100m Pandemic Innovation Fund

The Israeli fund will invest in urgent technological solutions triggered by global pandemics and other health emergencies.

Tomer Cohen  / Photo: Sivan Faraj After founders exit, BuyMe appoints new CEO

Tomer Cohen was previously cofounder and CEO of Jobit, a placement agency that supports the careers of the millennial generation.

02/06/2020 13:44 Start ups Shany Moses
Tel Aviv hotels  / Photo: Eyal Fischer, Globes Israeli gov't to provide NIS 300m aid to hotels

Israel's tourism and hotel sector will receive aid worth NIS 300 million, Minister of Finance Yisrael Katz and Minister of Tourism Asaf Zamir have announced.

Shekel Photo: ASAP Creative Shekel at strongest for 3 months against dollar

The shekel is at its strongest against the dollar since early March, on the eve of the coronavirus crisis.

02/06/2020 12:53 Market Globes correspondent
Yuval Steinitz Israel's renewable energy target: 30% by 2030

Energy minister Yuval Steinitz's plan calls for investment of NIS 80 billion, mostly on solar power plants and storage installations.

02/06/2020 12:05 Economy Amiram Barkat
strauss Strauss moves to upgrade direct relations with consumers

A new coupon feature on the food company's Strauss+ app opens data-gathering possibilities no competitor possesses.

02/06/2020 10:38 Retailing Shany Moses

01 June 2020

Hygiene product demand boosts Israeli non-woven fabric cos

The companies, which had been in the doldrums, have seen their share prices leap since hitting lows March.

01/06/2020 20:16 Basic industries Aviv Levy
Kibbutz Dalia sells 12% Arad stake

The kibbutz sold the stake in the water metering solutions company for NIS 156 million.

01/06/2020 17:51 Market Omri Cohen
Roman Abramovich buys Herzliya home for NIS 226m - exclusive

Israel's most expensive-ever residential real estate sale was completed just before the coronavirus crisis, a source close to the deal has told "Globes."

01/06/2020 17:29 Real estate Arik Mirovsky
Teddy Sagi's KAPE execs exercise options worth 13.3m

Controlling shareholder Teddy Sagi has bought the shares, rewarding KAPE's management team for increasing the company's market cap tenfold.

01/06/2020 17:25 IT Globes correspondent
Rami Levy invests in 3D print meat co Meat-Tech

The Israeli company has raised NIS 20 million from investors to develop cultured meat for 3D printing.

01/06/2020 16:48 Healthcare Gali Weinreb
Israeli startups raised over $300m in May

Israeli tech companies, which raised a record $8.3 billion in 2019, have raised over $4 billion in the first five months of 2020, despite the Covid-19 crisis.

01/06/2020 14:25 Start ups Globes correspondent
PolyPid takes aim at Nasdaq once again

The company, which has  developed an implant for delayed release of antibiotics, plans an IPO at a $300 million valuation.

01/06/2020 11:31 Healthcare Gali Weinreb
IEC to sell cheap imported gas to Israeli industry

Israel Electric Corporation will be able to on-sell its surplus LNG at much lower prices than those of gas piped from Israeli reservoirs.

01/06/2020 10:27 Economy Amiram Barkat

31 May 2020

Mizrahi Tefahot reports biggest profit of Israel's banks

Net profit was NIS 357 million, down 11.6% from NIS 404 million in the first quarter of 2019 but nevertheless, the biggest profit of Israel's banks.

31/05/2020 20:41 Financial services Ron Stein
SaverOne to hold TASE IPO despite 'going concern' warning

SaverOne plans to raise NIS18-26m at a company valuation of NIS 100 million, after money.

31/05/2020 16:47 IT Shiri Habib-Valdhorn
Health Ministry: Israel's borders won't reopen in June

Health Ministry associate director-general Prof. Itamar Grotto: There will be flights in June for Israelis who will have to go into isolation.

31/05/2020 15:44 Tourism Michal Raz-Chaimovich
Fiverr raises at least $120m in secondary offering

The Israeli freelance services platform has seen its share price rise over 200% since its NYSE IPO less than a year ago.

31/05/2020 15:09 IT Shiri Habib-Valdhorn
Coronavirus could decimate Israeli startups - survey

65% of tech startups with ten or fewer employees say they won't last six months without additional finance.

31/05/2020 13:55 Healthcare Yasmin Yablonko
Apartments sold and rented

A selection of recent real estate deals in Israel including in Ra'anana, Kfar Saba, Petah Tikva, Ramla and Harish.

31/05/2020 13:50 Real estate Dafna Bramly-Golan
Gasoline prices in Israel to rise sharply Sun night

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise by NIS 0.42 to NIS 5.21 per liter on Sunday night, June 1.

31/05/2020 12:48 Energy Bar Lavi
Netanyahu warns restrictions could return

Prime Minster Benjamin Netanyahu has appealed to Israelis to keep observing social distancing and hygiene rules.

31/05/2020 11:09 Economy Tal Schneider

28 May 2020

Marius Nacht steps down as Check Point chairman

The Israeli cybersecurity company's cofounder will be replaced by Jerry Ungerman.

28/05/2020 07:02 IT Globes correspondent

27 May 2020

Israeli precision irrigation co Saturas raises $3m

The company has developed an advanced decision support system for precision irrigation based on its miniature stem-water potential (SWP) sensor.

Kinneret falls despite late May rains

The level of the freshwater lake is currently 14 centimeters from its maximum level of 208.80 meters below sea level, the Israel Water Authority reports.

27/05/2020 17:58 Water Globes correspondent
Shufersal profit up 88% in Q1

Israel's largest retail chain was boosted by consumer spending on food and household goods due to the coronavirus crisis.

27/05/2020 17:34 Retailing Shany Moses
Gabay to build 378 homes in Tel Aviv's Neot Afeka

The urban renewal project along Mivtza Kadesh Street will see 120 apartments demolished and replaced by 3-5 room apartments.

27/05/2020 16:38 Real estate Guy Nardi
El Al sells Maman stake for $15.4m

In a bid to improve liquidity, El Al has sold its 25% stake in Maman, which provides cargo and logistics services to Ben Gurion airport.

27/05/2020 15:29 Tourism Omri Cohen
IEC chairman welcomes Chinese power station bid

China Harbor's involvement in the consortium bidding for Ramat Hovav will be another test of Israeli policy, following US pressure to distance itself from China.

27/05/2020 13:50 Energy Amiram Barkat
Fiverr files to raise $115m in secondary NYSE offering

The Israeli freelance services platform has seen its share price triple since its Wall Street IPO last June.

27/05/2020 12:39 IT Shiri Habib-Valdhorn
IAI presents improving profitability

Israel Aerospace Industries tripled its first quarter operating profit, although profit remains low in relation to sales.

Discount Bank jumps on Q1 results

The bank's credit loss expense soared 365%, but it still posted a NIS 279 million quarterly profit.

Defense Ministry wants China excluded from Israeli 5G - report

A bar on Chinese firms participating in telecommunications infrastructure has implications for Hutchison's stake in Partner.

27/05/2020 10:59 Market Gad Perez
Leumi posts NIS 232m Q1 loss

Bank Leumi's provisions for the effects of the coronavirus pandemic fell entirely in the first quarter.

27/05/2020 10:08 Financial services Ron Stein

26 May 2020

NIS 7,500 grant for each employee recalled from furlough

Israeli employers will be entitled to Finance Ministry grants for bringing employees back from unpaid leave, as part of the plan to reduce unemployment.

26/05/2020 20:21 Economy Amiram Barkat
Mortgage taking in Israel remained high in April

Mortgages worth $5 billion were taken in April, the Bank of Israel reports.

Mitsubishi UFJ invests $20m in B2B payment co Fundbox

MUFG Innovation Partners has tripled its investment in Fundbox’s Series C round, bringing total equity funding in the round to almost $200 million.

Elbit reports stronger revenue, profit, record backlog

The Covid-19 crisis had no effect on the Israeli defense electronics company in the first quarter.

Shekel stronger despite shrinking economy

The Israeli economy might have contracted 7.1% in the first quarter but the Bank of Israel sees it bouncing back more quickly than previously thought.

26/05/2020 14:59 Market Globes correspondent
AI weed spraying co Greeneye Technology raises $7m

The Israeli company is developing a platform using artificial intelligence to accurately detect and spray weeds in real-time.

26/05/2020 14:00 Start ups Globes correspondent
IDE wins Sorek 2 desalination tender amid US pressure

Israel's IDE will build the world's largest seawater desalination plant after the Trump administration let it be known it did not want China's Hutchison to win the project.

26/05/2020 13:12 Water Amiram Barkat
BuyMe founders make NIS 81m exit

Mayer Group unit Teleclal, which already holds over 70% of BuyMe, is buying out the stakes of Micha Berkuz, Shai Darin, and Tal Zur.

26/05/2020 11:59 Start ups Shany Moses
El Al CEO warns on future after worker violence

"The threshold condition for obtaining a bank loan with a state guarantee is the signing of a labor agreement."

26/05/2020 10:46 Tourism Michal Raz-Chaimovich

25 May 2020

Cyberstarts raises $100m 2nd Israel VC fund

The firm was founded in 2018 by Gili Raanan. Lior Simon has now joined as a partner.

25/05/2020 22:10 Start ups Omri Zerachovitz
Foreign students to be allowed into Israel

Israel is relaxing the ban on entry for non-Israeli passport holders for university and yeshiva students who want to return to Israel to complete their studies.

Israel's tourist industry hopes for border relaxation in July

In the first stage, international travel will likely be permitted through bilateral agreements with countries like Cyprus, where Covid-19 morbidity was low.

25/05/2020 18:26 Tourism Michal Raz-Chaimovich
BoI leaves rate unchanged, improves 2020 forecast

The Bank of Israel research department sees the economy contracting 4.5% this year but growing 6.8% next year.

25/05/2020 16:26 Economy Guy Ben Simon
Noy Fund buys Delek's Karish, Tanin royalties

Delek has signed an agreement to sell all its rights to royalties from the Karish and Tanin offshore gas fields to the Noy Fund for NIS 318 million.

25/05/2020 15:57 Energy Omri Cohen
E-scooter share co Wind to offer deliveries

In the coronavirus-hit economy, deliveries have become a boom business.

Israel's economy contracted at 7.1% in Q1

The Israeli economy was hit hard by the coronavirus crisis in the first quarter of 2020, the Central Bureau of Statistics reports.

25/05/2020 13:47 Economy Amiram Barkat
IEC raises NIS 1b from institutions

IEC CEO Ofer Bloch: Even at a time of global crisis, investors were not deterred, and injected high demand for the offering.

25/05/2020 10:06 Energy Amiram Barkat
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