News

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

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

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

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

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

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

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.

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

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

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

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

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

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."

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

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

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.

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

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

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.

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

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

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

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

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

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.

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

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

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

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.

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

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

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.

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.

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

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

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

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

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

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

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

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

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

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.

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

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.

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

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

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

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.

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

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

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.

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

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

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