Front > News

News

21 August 2019

Eilat homes Photo: Shutterstock Abraham Hostels to open in Eilat

The chain already has branches in Jerusalem, Tel Aviv, and Nazareth.

Tomer Tzach Photo: PR Israeli soil analytics co CropX raises $10m

The company also announced the appointment of former Netafim USA CEO John Vikupitz as president.

Azrieli Center Photo: Eyal Yitzhar Azrieli issues Wall Street ADS through Citi

Azrieli is Israel's largest real estate company with 1.2 million square meters of space.

Versatile Natures  / Photo: Bosch Versatile Natures raises $5.5m to cut building site deaths

The Israeli company's AI and IoT sensor-based software platform for construction sites reduces inefficiencies by offering a holistic view of projects.

Eli Cohen and Korean counterpart Yoo myung-Hee / Photo: Yossi Zamir Israel, South Korea complete free trade agreement talks

The customs duties exemptions in the draft agreement do not apply to Judea, Samaria, the Golan Heights, or East Jerusalem.

21/08/2019 16:45 Economy Tal Schneider
Teva's Ajovy migraine treatment Photo: Company website Migraine drug trial results boost Teva

The FOCUS Phase IIIb trial results published by 'The Lancet" demonstrate that Ajovy significantly relieves migraines.

Modani Luxury Spa Netanya  / Imagin: HBA London Dan to manage Netanya's Modani Spa hotel

The Modani is being built on the site of the Blue Bay Hotel, which has been demolished.

Bloomfield Stadium New Tel Aviv soccer stadium might not be ready for kick off

The Ministry of Economy and Industry and Israel Police have yet to approve use of the 29,500-seat stadium.

21/08/2019 14:45 Economy Michal Raz-Chaimovich
Gad Propper / Photo: Eyal Izhar, Globes Gad Propper sues Nestle for NIS 39m

Propper is demanding that Nestle pay him the same price for his Osem shares received by the public shareholders who sold their shares to Nestle four years later.

21/08/2019 13:49 Legal Matan Barnir
Amazon Photo: Reuters Amazon announces official launch in Israel

Amazon has opened a Hebrew website for vendors about its local delivery services and is also asking international businesses to store inventory in Israel.

21/08/2019 11:55 Retailing Shany Moses
TriEye team Photo: David Garb Porsche invests in Israeli infra-red sensing co TriEye

The Israeli Short-Wave-Infra-Red (SWIR) sensing technology developer has expanded its Series A financing round from $17 million to $19 million.

21/08/2019 11:15 Start ups Uri Berkovitz

20 August 2019

Immigrant community platform co Homeis raises $12m

Homeis has served hundreds of thousands of immigrants in its launched communities and will expand to serve all immigrant communities in the US and worldwide.

20/08/2019 20:40 Start ups Globes correspondent
Endo Ohio opioid settlement boosts Teva on NYSE

The $11 million being paid by Endo is considered a modest amount and could mean Teva's liability on opioid suits is lower than previously thought.

20/08/2019 19:47 Healthcare Guy Ben Simon
Israeli co INX files for first-ever US SEC recognized ICO

INX's $130 million offering is classified by the SEC as an IPO, and its INX Tokens will be recognized as a security.

Arkia launches three new routes to Europe

The Israeli carrier will operate two weekly flights from Tel Aviv to each of Rome, Prague and Athens.

20/08/2019 18:25 Tourism Michal Raz-Chaimovich
Developed in Israel: Intel unveils first-ever AI chip

The new product has been developed at Intel's Haifa development center in collaboration with the C2DG group in Israel, which is responsible for developing the cores of Intel processors.

20/08/2019 18:00 IT Globes correspondent
Elbit's Iron Fist wins $250m Israel Defense Ministry deal

Iron Fist will protect the IDF's new Eitan armored fighting vehicle (AFV) and D-9 bulldozers.

UBS cuts Teva's price target again

UBS gives two scenarios for Teva's share: an upside, in which the target price reaches $17, and a downside in which the target price drops to $1.

20/08/2019 16:53 Healthcare Shiri Habib-Valdhorn
Netanyahu dismisses deficit as easy to handle

Benjamin Netanyahu recounts that when he was minister of finance he dealt with a deficit that was three times as large.

20/08/2019 16:00 Economy Tal Schneider
Developer must pay compensation for not selling to Arabs

The Supreme Court upheld the Magistrates Court ruling ordering May-Tal to pay an Arab couple NIS 40,000 for refusing to sell them a Jerusdalem apartment.

20/08/2019 14:59 Real estate Shlomit Tsur
Shekel gains as global recession fears recede

The shekel is strengthening again despite disappointing growth data and lower than expected inflation.

20/08/2019 12:10 Market Globes correspondent
Ecommerce security co PerimeterX buys PageSeal

No financial details were disclosed of the all-Israeli acquisition deal.

Dimri joins bidding for Africa-Israel

Y.H. Dimri's offer comes just days before the Africa-Israel bondholders are due to vote on which one to accept.

20/08/2019 10:13 Real estate Aviv Levy

19 August 2019

Bright Mountain buys S&W Media for $23m

Herzliya-based S&W Media Group specializes in Internet advertising and developing apps for smart TVs.

Venus Concept to list on Nasdaq after merger

The Israeli-Canadian medical aesthetics company markets to over 60 countries, with direct marketing in 29 of them.

19/08/2019 17:59 Healthcare Gali Weinreb
Roots soars on ASX on plant-based meat trials

The Israeli company has initiated a planting program to examine the effects of its technologies on several protein-laden crops, including peas and beans.

19/08/2019 17:30 Agritech Shiri Habib-Valdhorn
Housing deals in Israel up in first half of 2019

Much of the increase in housing purchases in the first half is attributable to the Buyer Fixed Price Plan lotteries, under which 6,900 apartments were sold.

19/08/2019 17:15 Real estate Arik Mirovsky
Shekel slips further on weak growth data

After July's lower than expected CPI reading, the Israeli currency has been further weakened by poor second quarter growth figures.

19/08/2019 15:08 Market Simon Griver
Credit card cos count cost of separation from banks

The first half results of Israel's credit card companies show the effect of becoming competitors rather than extensions of the banks.

19/08/2019 14:51 Financial services Ron Stein
Israeli bitcoin holders take on banks

A freedom of information petition has been filed demanding that the banks reveal their  policies on accounts for proceeds of cryptocurrency trading.

19/08/2019 14:45 Financial services Roy Katsiri
Suny offers NIS 14.90 monthly mobile package

Samsung mobile device importer Suny and Hot have shaken up Israel's telco market by undercutting rivals.

Canned Coke in short supply in Israel

Supermarket chains report a shortage of Coca Cola in cans. Coca Cola Israel says it's because of the launch of a new flavor.

19/08/2019 10:52 Basic industries Shany Moses

18 August 2019

BoI: Five-day school week would raise productivity

The Bank of Israel proposes greater investment in education and more overlap between school hours and work hours to bring productivity up to the OECD average.

18/08/2019 18:26 Economy Polly Tuvman
Market cap of Israel-founded Novocure exceeds $9b

The company's electrical stimulation treatment for brain cancer can extend patients' lives by years.

18/08/2019 17:39 Healthcare Gali Weinreb
Knesset building enlargement for 140 MKs approved

The Jerusalem Local Planning and Building Commission has approved the project.

18/08/2019 14:30 Real estate Guy Nardi
Israeli economy grew at just 1% in Q2 2019

The slowdown in the second quarter was due to a sharp drop in vehicle imports, the Central Bureau of Statistics reports.

18/08/2019 13:44 Economy Guy Ben Simon
Wix market cap overtakes Teva

Although Teva's share price rose 4.06% on Wall Street on Friday, the Israeli pharmaceutical company's market cap still finished the week below the fast-growing DIY website company.

18/08/2019 13:23 Healthcare Simon Griver
Apartments sold and rented

A selection of the latest real estate deals in Israel including in Ramat Hasharon, Bat Yam, Ashdod and Netanya.

Altshuler Provident soars after first financials as public co

Altshuler Shaham Provident Funds and Pension Ltd. has recorded the second most successful flotation after the TASE itself.

Latest poll: Likud leads, Yemina weakening

With Israel's repeat election now a month a way, poll results are inconsistent, but campaigning has yet to start in earnest.

18/08/2019 10:35 Politics Shlomit Ravid

15 August 2019

Instability, plunging profits, send Spuntech tumbling

The non-woven fabrics company's second quarter profit was down 90% in comparison with the corresponding quarter of 2018.

15/08/2019 20:45 Basic industries Aviv Levy
CPI down in July

Israel's Consumer Price Index fell 0.3% last month, with housing prices nearing their 2017 peak.

15/08/2019 19:14 Economy Globes correspondent
IMI acquisition drives Elbit's Q2 growth

Elbit Systems' orders backlog totaled $9.8 billion at the end of the second quarter.

Gov't ranks Israel's richest, poorest neighborhoods

Jerusalem contains almost half of Israel's poorest neighborhoods, while Tel Aviv has most of the richest neighborhoods.

15/08/2019 15:53 Real estate Arik Mirovsky
Class action claims Gett charging businesses double fare

Adv. Erez Milner says that Gett charged him different prices for the same journey: one when classed as a business trip and one classed as a private trip.

Merchavia completes investment in cannabis co Veoli

Veoli is developing a unique inhaler that enables patients to consume cannabis oil in an accurate dosage.

15/08/2019 13:38 Healthcare Gali Weinreb
Israeli vegan app co VeganNation raises $10m

The Tel Aviv-based company provides a one-stop-shop that supports a full vegan lifestyle.

15/08/2019 13:13 Start ups Globes correspondent
Shekel weakens as fear grips forex markets

As markets tumble and concern about global recession grows, investors have rushed towards safe haven currencies.

15/08/2019 11:44 Market Globes correspondent
Cellcom loss widens

The company reported a tough quarter with a NIS 35 million loss, following a NIS 15 million loss in the preceding quarter and a NIS 35 million loss in the fourth quarter of 2018.

15/08/2019 11:34 Market Gad Perez
After Isracard: Hapoalim Q2 profit shrinks

Bank Hapoalim saw second quarter profit fall after selling Isracard and closing international private banking operations.

Warren Buffett's huge losses on Teva mount

Berkshire Hathaway has kept its 4% stake in the Israeli pharmaceutical company, costing it hundreds of millions of dollars 'on paper.'

15/08/2019 09:19 Healthcare Shiri Habib-Valdhorn
US Congress heaps more misery on Teva

Teva fell over 10% on a bearish Wall Street after Congress members accused it of obstructing a price-fixing probe and Moody's revised its outlook to negative.

15/08/2019 06:49 Healthcare Simon Griver

14 August 2019

Rafael to pay NIS 425m dividend to state coffers

Rafael's accumulated profits are estimated at NIS 2.5 billion.

BoI mulls change in forex intervention policy

The change is likely to lower the effective interest rate and increase inflation.

14/08/2019 18:31 Economy Amiram Barkat
Sheryl Sandberg launches Facebook Israel's Playground

Facebook COO: I lived here as a one-year old, and some of my first words were in Hebrew.

14/08/2019 17:27 IT Oshrit Gan-El
Teva plunges again as Moody's revises outlook to negative

Moody's is concerned about Teva's debt and refinancing needs, Copaxone sales erosion, weak uptake of new drugs, and litigation risks.

NICE wins $137m US air traffic control deal

The Israeli software solutions company will supply the US Federal Aviation Authority with capabilities that will allow faster incident response and provide greater visibility into incident data.

14/08/2019 15:11 IT Globes correspondent
Shufersal: Revenue up, profit down

The company attributed the slide in its profit to new accounting standard, real estate revaluations, and higher financing expenses.

14/08/2019 13:06 Retailing Globes correspondent
Azrieli Town Tel Aviv office project fully leased

Azrieli CEO Eyal Henkin has said that the 40-floor Tel Aviv office project has been fully leased 18 months before completion.

Shekel resumes gains

The Israeli currency has resumed the gains which have characterized most of this year, during which time it has appreciated 7% against the dollar.

14/08/2019 12:17 Market Simon Griver
New hotel opens in Tel Aviv's Opera tower

The 111-room boutique Opera Hotel is part of the Nakash brothers Jordache Group's Herbert Samuel chain.

14/08/2019 11:19 Tourism Simon Griver
Discount Bank Q2 profit jumps 29%

The bank will distribute a dividend of 15% of the net profit.

Leumi Q2 profit climbs despite Leumi Card exit

The Bank will distribute a dividend of 40% of its net profit in the second quarter of 2019, totaling NIS 369 million.

Cabinet approves Aeronautics sale to Rafael, Stolero

After the NIS 850 million acquisition, Rafael and Avihai Stolero will each hold 50% of the Israeli UAV developer and manufacturer.

Amazon Web Services sets up infrastructure in Israel

By basing data centers in Israel, AWS cloud services will be faster and data will be more secure.

14/08/2019 07:23 IT Yasmin Yablonko

13 August 2019

Steinmetz to fight Guinea corruption charges in Swiss court

“His defense is simple, he absolutely contests all the charges against him. They have no basis in the facts or in law,” Beny Steinmetz's Geneva lawyer told "Reuters."

13/08/2019 19:23 Legal Globes correspondent
SolarEdge market cap up $1b in past week

SolarEdge's share price has picked up 36.7% since the results were published, and now stands at $88.17, putting its market cap at $4.23 billion, compared with $3.06 billion a week ago.

13/08/2019 17:22 Energy Shiri Habib-Valdhorn
El Al flight attendant dies of measles

The woman who died contracted the disease during an El Al flight from New York to Tel Aviv in March.

German co LPA buys Israeli fintech co Modelity

Sources close to the company said that price for the deal was between $20 million and $30 million.

Tshuva: Chevron deal to go ahead with or without partners

Delek controlling shareholder:  Ithaca will produce and market 82,000 barrels of oil at $65 a barrel. This means that 50% of the amount is protected, regardless of the price of oil.

13/08/2019 13:52 Energy Guy Ben Simon
Shekel weakens despite forecasts of gains

Goldman Sachs predicts the shekel will strengthen to NIS 3.45/$ any maybe more if the Bank of Israel does not intervene of forex markets.

13/08/2019 12:43 Market Simon Griver
ISS sells Israel business for NIS 300m

In line with its new global strategy, Danish catering and cleaning services company ISS is exiting Israel.

13/08/2019 11:52 Basic industries Shany Moses
Colu abandons blockchain, offers to repurchase CLN tokens

Eighteen months after raising $19 million in an ICO, Israeli startup Colu is closing its blockchain project to focus on its City Currency activity.

13/08/2019 11:10 Financial services Roy Katsiri
Strauss posts higher profit on static revenue

Food company Strauss Group's second quarter profit rose 15.4% to NIS 127 million.

Twitter Facebook Linkedin RSS Newsletters Israel Business Conference 2018