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20 March 2025

Next Insurance founders credit: Next Insurance Munich Re buys Israeli insurtech co Next at $2.6b valuation

Munich Re, an early investor in Next Insurance, is buying the 71% of the company, which serves small businesses in the US, that it does not already own.

20/03/2025 17:11 Financial services Assaf Gilead
Insurance companies  credit: Einat Levron, Eyal Izhar, Tamar Matsafi, Shlomi Yosef, Tali Bogdanovsky Two up, two down: Insurance co stocks diverge

They all reported strong results for 2024, yet while Menora Mivtachim and The Phoenix rose sharply, Migdal and Clal went the other way.

European Commission building, Brussels  credit: Shutterstock EU defense budget plan excludes Israel's arms industry

Under the current proposal, the €150 billion loan fund can be used only for procurement within Europe.

19 March 2025

Could Wiz acquisition lead to a VAT cut?

The state's tax revenue from the deal is expected to be equivalent to about 2% in VAT.

Ryanair offering ultra-low fares for Israel restart

Tickets to some destinations start at $33 - but taking luggage can more than double that.

19/03/2025 19:18 Tourism Stav Livne
Israeli tech stars in Nvidia product launch

Two Israeli acquisitions, Mellanox and Deci, are behind key products presented by Nvidia CEO Jensen Huang at the company's annual event in San Jose.

19/03/2025 14:18 IT Assaf Gilead
Check Point, Israel Canada buying NIS 800m Tel Aviv site

The two companies are expected to win a tender by the Tel Aviv Municipality for land zoned for residential and office construction in the Bitsaron neighborhood.

19/03/2025 10:30 Real estate Hilit Yanai-Levison

18 March 2025

Otzma Yehudit rejoins government

Itamar Ben-Gvir's party left the government in January in protest against the ceasefire in Gaza. The resumption of fighting has paved its way back.

18/03/2025 15:43 Politics Globes correspondent
Israel's biggest ever exit: Google buying Wiz for $32b

Google has confirmed that an agreement has been signed for an all-cash deal. Wiz will remain an independent company under Google.

Elbit Systems CEO: Our potential in Europe is huge

Bezhalel Machlis was speaking at an investor conference after the company released 2024 results showing revenue up 14.3%.

IDF resumes assault on Hamas

Extensive aerial attacks were carried out against targets in the Gaza Strip overnight.

18/03/2025 08:22 Politics Globes correspondent
Google renews attempt to buy Wiz - report

According to "The Wall Street Journal", Google parent company Alphabet is negotiating to buy the Israeli cloud computing security company for $30 billion.

17 March 2025

Finance C'ttee approves NIS 300m coalition funds distribution

The money will mainly go to Religious Zionist party minister Orit Strook's Ministry of Settlements and National Missions.

17/03/2025 16:59 Economy Oren Dori
British Embassy showcases Israeli healthcare startups

The nine startups participated in the Dangoor HealthTech Academy, a program that connects Israeli startups with the UK healthcare system.

17/03/2025 16:11 Healthcare Globes correspondent
Next Vision shareholders make NIS 230m exit

A British hedge fund has bought a 2.5% stake in the stabilized cameras company.

Energean's $1b gas fields sale at risk

The sale of the energy company's asset portfolio in Egypt, Italy and Croatia may fall through because of the buyer's difficulties with the Italian regulator.

17/03/2025 13:08 Energy Idan Eretz
Defense tech co Kela raises $39m

In response to the events of October 7, Kela has developed a platform for rapid integration of commercial technologies into military systems.

Firing the Shin Bet chief: The hurdles

Prime Minister Benjamin Netanyahu says he has "lost trust" in Shin Bet head Ronen Bar. Will this be enough to overcome legal challenges to his dismissal?

16 March 2025

CEO and "investor group" buying out Reshet 13

CEO Emiliano Calemzuk and the other investors will hold 74% of the television channel, while Len Blavatnik’s Access Industries and WBD will remain with 26%.

14 March 2025

Unexpectedly low February CPI reading cuts inflation

While inflation in Israel in the 12 months to the end of February 2025 is lower than forecast, housing prices continue to rise.

14/03/2025 14:46 Real estate Boaz Bin-Nun
Competition Authority allows Delek takeover of Isracard

The Competition Authority is considered the easier of the two regulatory hurdles that the deal must overcome, the other being the Supervisor of Banks.

13 March 2025

Rafael to pay state NIS 444m dividend

The minister in charge of the Government Companies Authority, David Amsalem, has approved the payment by the defense company.

IAI profit jumps 55%

Israel Aerospace Industries posted a net profit of $493 million for 2024, and ended the year with an all-time high orders backlog of $25 billion.

TSG signs cooperation agreement with US defense co

The agreement includes the integration of TSG's advanced technologies into sensor-based defense systems, which will be integrated into the operational systems of US defense units.

Israeli visual generative AI co Bria raises $40m

Bria’s Visual Generative AI platform empowers businesses to create predictable, controllable, and on-brand content that aligns with their visual language.

13/03/2025 13:00 Start ups Globes correspondent
OrCam stymied by investor dispute with Shashua

Demands by institutional investors are blocking the visual and hearing impairment device developer's recovery plan.

13/03/2025 10:23 Start ups Assaf Gilead
Egged wins tender to operate TA light rail Purple, Green Lines

NTA awarded the tender to Egged, which already operates the Red Line, despite government ministry opposition to one operator for the entire network.

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