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23 October 2020

AI  photo: Shutterstock Dry eye treatment co Azura Ophthalmics raises $20m

Azura’s lead compound AZR-MD-001 is a topical ointment applied to the lower lid that has shown a positive safety and efficacy profile.

Lockdown on Rothschild Boulevard  / Photo: Corinna Kern Reuters , Reuters New Covid-19 cases in Israel halved over past week

Prime Minister Benjamin Netanyahu: Israel had the highest infection rate in the world and today we have almost the lowest.

22 October 2020

FIMI sells 33% of medical equipment co Simplivia

The sale in equal shares to The Phoenix Holdings and Leumi Partners is at a valuation of $140 million.

22/10/2020 21:12 Healthcare Globes correspondent
Hapoalim shareholders elect Stanley Fischer to board

Fischer was elected alongside Israel Trau. Dalia Lev and Ronit Abramson-Rokach were reelected as external directors.

22/10/2020 20:47 Financial services Ron Stein
Israeli cyber intelligence co Cellebrite signs deal in UAE

The deal is believed to be with a government agency in Abu Dhabi and to be worth $3 million.

22/10/2020 19:23 Start ups Uri Berkovitz
Sale of Teva's Jerusalem tablets plant cancelled

The Levinstein group was to have bought the Har Hotzvim property for NIS 171 million.

22/10/2020 18:15 Healthcare Shiri Habib-Valdhorn
Bank of Israel leaves rate unchanged, expands QE

In its worst-case scenario, the Bank of Israel Research Department sees Israel's GDP shrinking 6.5% in 2020 and very low growth in 2021.

Strongest September for mortgages in 10 years

8,363 mortgages were given in September in Israel - a similar number to July and August and to the summer of 2019.

Dubai-based Al Habtoor to bid for Israir

Al Habtoor is the second Dubai-based company, which is interested in buying the Israeli airline.

Meitav Dash unit Liquidity Capital raises $20m

Spark Capital and MUFG Innovation have invested in the Israeli algorithm based technology.

Check Point beats analysts on Q3 profit and revenue

The Israeli cybersecurity company's non-GAAP net profit earnings per share (EPS) was $1.64, while the analysts had predicted EPS of $1.53.

22/10/2020 12:40 IT Shiri Habib-Valdhorn
Agri-tech R&D partnership Smart Agro plans TASE IPO

The first R&D partnership on the TASE plans to raise NIS 25 million and is investing $2 million in enhanced genetics seed company CanBreed.

Elbit Systems wins huge US Army night vision deal

The potential value of the Enhanced Night Vision Goggle binocular systems contract could reach $442 million.

Hadar Goldman buys $20m Kfar Hayarok solar farm

The solar energy farm is near the Glilot Interchange between Tel Aviv and Ramat Hasharon.

22/10/2020 11:03 Real estate Shiri Dover
Tel Aviv Metro to cause real estate mayhem

Construction will be halted for years in dozens of projects near stations between Rehovot and Herzliya.

22/10/2020 10:08 Real estate Arik Mirovsky
Israeli thermal imaging co AdaSky raises $15m

The company is developing and manufacturing thermal imaging (LWIR) systems for automotive and pedestrian safety.

22/10/2020 09:32 Start ups Globes correspondent

21 October 2020

Israeli product discovery co Syte raises $30m

As consumers switch to online shopping, eCommerce discovery has become paramount for customer acquisition and retention in the new normal.

21/10/2020 18:13 Start ups Globes correspondent
Shapir set to close NIS 3.5b Jerusalem light rail financing

Shapir and Spanish partner CAF will extend and operate the Red Line and build and operate the new Green Line.

Israeli online data removal co Mine raises $9.5m

Google's AI-focused investment fund has made its first-ever investment in an Israeli startup.

21/10/2020 17:00 Start ups Globes correspondent
Dan Naveh to set up $100m fintech fund

Naveh stepped down earlier this year as chairman of Clal Insurance.

Eduardo Elsztain: They set me a trap to steal IDB

Elsztain tells "Globes" that the bondholders swindled him out of IDB. Bondholders: Elsztain is distorting the facts.

Israel-Korea free trade agreement to stress tech cooperation

The soon to be signed agreement was delayed because of Korean political concerns that have been removed by Israel-UAE normalization.

21/10/2020 13:37 Economy Dubi Ben-Gedalyahu
IFF delisting from Tel Aviv Stock Exchange

The US-based food ingredients and flavors company has produced a 24% negative return since listing in Tel Aviv after buying Frutarom.

20 October 2020

El Al chairman: We must restore customer confidence

David Brodet: Our aim is that planes take off on time, arrive on time and we provide meticulous and quality service.

20/10/2020 19:25 Tourism Globes correspondent
Israel, UAE and US set up $3b investment fund

The US State Department said that the investments will be made in infrastructure, energy and agricultural projects.

20/10/2020 18:07 Politics Tal Schneider
Avgol shifting production from Israel to India

Avgol is following in the footsteps of other Israeli companies like SodaStream, Ahava and Barkan wines, which have closed down factories over the green line in the West Bank.

20/10/2020 17:10 Market Aviv Levy
Israel Aerospace to lease drone to EU coast guard

The agreement includes maritime patrols by the Heron UAV, flight equipment and maintenance over four years.

Israel and UAE sign agreement for 112 weekly flights

The number of weekly flights can be increased above 112 if there is demand.

Israel and UAE to sign entry visa waiver deal

The need for entry visas when Israelis enter the UAE and Emiratis enter Israel is being waived.

20/10/2020 14:48 Tourism Tal Schneider
Permira names Ran Maidan to head Israel activity

Maidan was formerly CEO of Netafim, which global private equity firm Permira sold in 2018 at a valuation of $1.9 billion.

Israel Discount Bank to lay off 620

The employees, representing 7% of the bank's work force, will take voluntary early retirement by the end of 2021.

20/10/2020 13:25 Financial services Ron Stein
Agreement signed to operate Israel pipeine for UAE oil

The existing Eilat Ashkelon pipeline will save the expense and time of shipping oil from the Gulf through the Suez Canal.

20/10/2020 12:58 Energy Amiram Barkat
Comptroller slams Israel's green energy failure

Targets for power production from renewable resources are not being met, while the Transport Ministry has failed to curb private car use.

19 October 2020

Shekel at all-time strongest against currency basket

Prico: The exchange rate is threatening growth in the Israeli economy and encouraging tech companies to look abroad.

19/10/2020 19:27 Economy Guy Ben Simon
Comptroller finds flaws in railway safety, fire and rescue

The State Comptroller's report notes that the railways electrification is finally on track but that recommendations on safety, fire and rescue have not been implemented.

Israir CFO in Dubai for talks with potential buyer

Assaf Zur is meeting with "a very serious company in the tourist sector." Last week NY Koen Group said it will bid to buy Israir.

Israeli animal health co Mileutis raises $20m

Mileutis is in advanced stages of development of an innovative product which addresses bovine mastitis, the main concern in the dairy industry.

Emek Refaim Jerusalem light rail gets final approval

The decision marks the end of a three year struggle between supporters and opponents of the route of the Blue Line through Emek Refaim, the main thoroughfare in the German Colony.

Unemployment in Israel doubled last month

In the second half of September the unemployment rate rose to 17.1% nearly double the 9.7% from the first half of the month due to the lockdown, the Central Bureau of Statistics reports.

19/10/2020 14:02 Economy Amiram Barkat
First commercial Etihad flight lands in Tel Aviv

The crew descended from the plane carrying UAE and Israeli flags, and were greeted with a formal reception.

19/10/2020 11:47 Tourism Michal Raz-Chaimovitz
S&P Maalot sees steep home price fall by year end

The rating agency sees the downward pressure on prices in Israel as short-term.

19/10/2020 10:57 Real estate Arik Mirovsky
Israel and Bahrain sign declaration establishing relations

The joint declaration was accompanied by a series of memoranda on economic cooperation.

19/10/2020 10:05 Economy Tal Schneider

18 October 2020

Israeli gov't to extend deposits to large plastic bottles

Minister of Environmental Protection Gila Gamliel is extending the law to 1.5 liter drink bottles because manufacturers have not met their recycling targets.

18/10/2020 20:29 Environment Shani Ashkenazi
Israel and UAE agree 28 weekly passenger flights

An aviation agreement will be signed Tuesday and flights from Tel Aviv to Dubai and Abu Dhabi should start within a few weeks.

18/10/2020 18:41 Tourism Michal Raz-Chaimovitz
NextGen Biomed trial brings Covid-19 breath test nearer

Scentech with which NextGen Biomed is merging, has successfully identified Covid-19 biomarkers through gas compounds.

18/10/2020 17:08 Healthcare Globes correspondent
Israeli economy shrank at 10.1% in H1 2020

Israel's GDP contracted by 28.7%, on an annualized basis, in the second quarter of 2020, according to the third and revised estimate of the Central Bureau of Statistics.

18/10/2020 13:30 Economy Amiram Barkat
Mobile games co Playtika files for $10b valuation IPO

The Israeli company has filed confidentially with the US SEC. "Reuters" reports Playtika will seek to raise $1 billion at a $10 billion valuation.

18/10/2020 13:11 IT Globes correspondent
Demonstrators return to Jerusalem streets

Besides the protest outside the prime minister's residence, demonstrations were held in several other cities and on bridges and junctions.

18/10/2020 10:45 Politics Nitsan Shafir
Delek Group sells 70% Delek Israel stake

The buyers are real estate company Lahav LR and Uri Mantzur

16 October 2020

Etihad Airways launches Hebrew website

The website is an encouraging gesture and demonstrates that the Abu Dhabi-based airline plans to capture a major slice of the Israeli market.

16/10/2020 15:34 Tourism Michal Raz-Chaimovitz
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