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06 December 2019

Iron Dome Israeli gov't signs $125m Czech Iron Dome deal

Eight IAI ELTA ELM-2084 Multi-Mission Radars (MMR) with air surveillance, air defense, and artillery capabilities will be delivered between 2021 and 2023.

05 December 2019

Indictments could sink future German submarine deals

Germany has supplied Israel with submarines for three decades, but an anti-corruption clause inserted into the option on further procurement is liable to bring that to an end.

State Attorney issues indictments in German submarines affair

Michael Ganor and Eliezer Marom are accused of bribery, and David Shimron of money laundering in a separate case.

Innovation Authority to give NIS 250m to 470 cos

The Knesset Finance Committee approved the release of funds to the Innovation Authority.

05/12/2019 14:11 Start ups Omri Zerachovitz
Insulin capsule trial results lift Oramed 80%

Oramed's insulin capsule is designed for the early stage of type 2 diabetes treatment.

05/12/2019 13:49 Healthcare Gali Weinreb
Castro, Carolina Lemke parting from Kim Kardashian

Castro is disappointed with Carolina Lemke's results in the US, and is terminating its agreement with Kardashian.

05/12/2019 12:55 Healthcare Shany Moses
Liberman: Only Hanukah miracle can prevent new elections

Yisrael Beitenu's chairman said that he would not join a narrow government coalition.

05/12/2019 12:15 Politics Tal Schneider
Shufersal recalls over 20 pasta products

The products, distributed under Shufersal's own brand, are suspected of being infested with microscopic insects.

05/12/2019 11:53 Retailing Michal Raz-Chaimovich
Alon Hassan convicted after state appeals

The Supreme Court sent Ashdod Port strongman Hassan's case to the Beer Sheva District court for sentencing.

Israir to launch Haifa-Larnaca flights

Roundtrip fares start at $84. Israir is transferring planes that were used on its Tel Aviv-Eilat route.

05/12/2019 10:57 Tourism Michal Raz-Chaimovich
Verint to split into two companies

Israeli tech company Verint will separate its civilian and military businesses. Verint will also receive investment of $400 million through Apax Partners.

04 December 2019

Israel's fiscal deficit running at 3.7% of GDP

Government spending so far this year is up 6.1%.

04/12/2019 19:50 Economy Amiram Barkat
Israelis vacationing in Israel: We don't get our money's worth

54% of Israelis who spent a vacation in Israel say they got much less value for money than they do overseas.

04/12/2019 19:32 Tourism Michal Raz-Chaimovich
Average monthly pay in Israel reaches NIS 10.856

The average salary jumped 4.6% between September 2018 and September 2019, but much of the rise is due to the incidence of the Jewish holiday season.

04/12/2019 18:40 Economy Amiram Barkat
Moshe Kahlon hints at imminent retirement from politics

It is unclear whether Kahlon meant resigning as minister of finance or withdrawing from the Likud's Knesset candidate list.

04/12/2019 17:58 Politics Tal Schneider
J.P. Morgan's Hundling: Enterprise tech change takes leadership

"Success depends on three variables: the process, the technology, and the people. If you don't balance everything, the transition won't succeed."

04/12/2019 17:11 Financial services Gali Weinreb
Affirmative action in education fails, study finds

A Taub Center book advocates intensive intervention at a very young age.

04/12/2019 16:13 Economy Amiram Barkat
Gazit Globe, Dori Segal make first joint Canadian acquisitions

The main acquired property has 53,000 square meters of rental space in the Midtown Toronto business district.

04/12/2019 15:22 Real estate Omri Cohen
Cellcom offering succeeds as Elsztain backs chairman Erel

Telecommunications company Cellcom raised NIS 300 million in the institutional stage of an equity offering, amid high demand.

04/12/2019 09:28 Market Omri Cohen
Crescendo completes first closing of early-stage fund

The new Crescendo Venture Partners fund is planned to reach $80-100 million, and has already made its first investment.

04/12/2019 08:47 Start ups Globes correspondent

03 December 2019

Afcon commences NIS 1b Mobileye office project

Afcon's share price fell 20% in the previous five trading days after the company reported a NIS 25 million third quarter loss.

03/12/2019 20:39 Real estate Aviv Levy
"J.P. Morgan is the biggest investment bank in Israel"

J.P. Morgan Israel managing director Yoav Intrator spoke at The Enterprise Technology Summit held by "Globes" and J.P. Morgan.

03/12/2019 20:09 Economy Shachar Samooha
Climate change will hit Israel especially hard, study finds

The average temperature in Israel is projected to rise 1.2 degrees by 2050.

03/12/2019 16:18 Economy Shani Ashekanazi
Hot in merger talks with Cellcom

Hot believes that a merger may be worthwhile even at the cost of exiting its joint network partnership with Partner.

AI-based CRM co Gong raises $65m at $750m valuation

The round was led by Sequoia Capital. Sequoia partner Carl Eschenbach has joined Gong’s board of directors.

03/12/2019 15:09 Retailing Uri Berkovitz
Kamada to market 6 new products in Israel

The company says that the agreement with Alvotech will generate $20-30 million peak annual revenue.

03/12/2019 14:25 Healthcare Gali Weinreb
Pnina Rosenblum eyes Internet Gold for cannabis cosmetics

Rosenblum is offering NIS 4 million for the stock exchange shell.

Shufersal to close Be pharmacy branches

The Be chain, acquired two years ago from Hamashbir Lazarchan as New Pharm, will close 6% of its branches in 2020.

03/12/2019 13:03 Healthcare Shany Moses
Intel in talks to buy Israeli AI chip co Habana Labs

Industry sources say that talks have been going on for several weeks. The acquisition price is thought to be around $1 billion.

Check Point buys Israeli serverless security co Protego

The acquisition, Check Point's fourth since October last year, is worth $40 million.

US co Tenable buys Israeli cybersecurity startup Indegy

The total price is put at $120 million. Indegy develops cybersecurity solutions for industry and critical infrastructures.

02 December 2019

Jerusalem's Anglo Palestine Bank building sold for NIS 110m

The buyer intends to convert the listed building, in a central Jerusalem location, to a hotel.

02/12/2019 18:42 Real estate Arik Mirovsky
Searchlight, Fuhrer complete Bezeq takeover

Searchlight Capital Partners and David Fuhrer acquired 72% of Bezeq parent company B Communications for a total of NIS 630 million.

Israeli construction cos report booming home sales

As construction company shares peak, current trends indicate steep price rises in 2020.

02/12/2019 18:17 Real estate Aviv Levy
Elron CEO resigns amid dispute with Elsztain

Ari Bronshtein is the latest in a series of IDB Development-Discount Investment group executives who have decided to leave.

02/12/2019 16:36 Healthcare Omri Cohen
Netanyahu has 30 days to request immunity

Attorney General Avichai Mandelblit has sent Knesset Speaker Yuli Edelstein a list of over 300 prosecution witnesses against the prime minister.

02/12/2019 16:26 Politics Avishai Greenzweig
Histadrut chief demands NIS 6,000 minimum wage

Arnon Bar-David was speaking at the 2019 annual industry conference.

02/12/2019 15:14 Economy Yuval Azulai
Globes, JP Morgan conference to discuss tech challenges

Yuval Diskin, Prof. Isaac Ben-Israel, senior JP Morgan executives, and representatives of leading companies and funds in Israel will speak at the conference.

02/12/2019 14:33 IT Globes correspondent
Alpha Tau's new cancer radiology method proves effective

The new method is designed to provide more powerful and focused treatment.

02/12/2019 13:59 Healthcare Gali Weinreb
OECD: Congestion charges will bring Israel instant relief

Transport ministers have opposed them, but a new OECD report on Israel's chronic traffic jams proposes congestion charges alongside longer term solutions.

Tesla aims at more than car sales in Israel

US-based electric car maker Tesla has registered an Israeli subsidiary whose activity includes solar energy solutions.

State-owned defense co to pay gov't NIS 200m dividend

Dividends from state-owned companies in Israel are expected to top NIS 1 billion this year.

01 December 2019

WeWork negotiating for space in Tel Aviv's Suzuki Tower

Although WeWork is laying off thousands of employees worldwide, it seeks to expand in Tel Aviv.

01/12/2019 19:29 Real estate Guy Lieberman
FIMI sells Bet Shemesh Engines shares for NIS 100m

After selling 8% of the company's shares, private equity firm FIMI Opportunity Funds still holds a 35% stake.

01/12/2019 18:00 Aerospace & defense Aviv Levy
Discount Investment to participate in Cellcom offering

The decision is likely to culminate in the replacement of Discount Investment's chairman.

01/12/2019 17:28 Market Omri Cohen
IDB selling 50% IDBG holding

The sale is aimed at increasing liquidity and avoiding a going concern warning for IDB.

01/12/2019 16:57 Real estate Omri Cohen
Hedva Ber to step down as Supervisor of Banks

Dr. Ber, who took up the post in 2015, led the separation of the credit card companies from the banks, and encouraged the adoption by the banks of new technologies.

State agrees NIS 2m transfer to Habima Theater

The payment is on account of regular state support due to the theater for 2019.

28 November 2019

Medical device co XACT Robotics raises $36m

XACT Robotics has developed a device, with FDA approval and CE Mark, for guiding instruments to precise locations in the body.

28/11/2019 21:16 Healthcare Gali Weinreb
Weizmann Institute develops CO2-consuming bacteria

The bacteria could help reduce greenhouse gases in the atmosphere.

28/11/2019 19:26 Environment Shani Ashkenazi
IAI improvement continues but debt dents cash flow

Israel Aerospace Industries posted a $32 million net profit in the third quarter.

Lapidot calls for change of culture at Shikun & Binui

CEO Eyal Lapidot unveiled his strategy for the coming years: "Shikun & Binui has a great deal to do, and a great deal of value to create."

28/11/2019 17:39 Real estate Omri Cohen
Union Bank workers strike in protest against merger decision

"We will not stand aside while our livelihoods are about to be cut off."

Court overrules regulator, allows Mizrahi-Union Bank merger

The Competition Authority and government ministers had opposed the merger as liable to harm competition in Israeli banking.

With Leviathan gas about to flow, Delek's Q3 profit plummets

Yitzhak Tshuva's Delek Group posted a net profit of NIS 65 million for the third quarter, down 80% on the corresponding quarter.

28/11/2019 14:46 Energy Kobi Yeshayahou
Israel missing out on blockchain, study finds

Israel Internet Association: Israel lacks regulatory infrastructure to support its extensive blockchain technology applications.

28/11/2019 12:39 Financial services Roy Katsiri
Shikun & Binui switches to Q3 loss

Shikun & Binui's share price has risen 153% so far this year, on expectations of improve results under new CEO Eyal Lapidot.

28/11/2019 11:58 Real estate Kobi Yeshayahou
Harel, Hachshara in NIS 1.3b Paris office campus purchase

The two insurance companies are partnering with Yehuda Barashi's LRC group.

28/11/2019 11:28 Financial services Ron Stein
FIMI sells 11% of Ham-Let

The sale was at NIS 63 per share, representing a discount of nearly 4% on Ham-Let's closing price on the Tel Aviv Stock Exchange yesterday.

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