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Maytronics pool cleaning robot  credit: PR NIS 5b evaporate: What happened to Maytronics?

The profits of the company, still controlled by Kibbutz Yizre'el, have drained away, but analysts see the pool half full.

SolarEdge flotation on Nasdaq, March 2015  credit: Nasdaq SolarEdge to be relegated from S&P 500

This is the latest blow to the solar energy technology company's stock, after  a profit warning for the third quarter and weak guidance for the fourth.

El Al credit: Dani Sadeh El Al reports Q3 growth, Q4 apprehension

El Al CEO Dina Ben-Tal Ganancia: We quickly adapted ourselves to emergency mode and made sure to maintain a stable and active flight schedule while taking care of passengers' safety and security.

Epitomee weight loss pill credit: Company website Epitomee slumps as Nestle nixes marketing weight loss pill

Nestlé says the trial results did not meet the full minimal terms set in the licensing agreement.

Israel Canada Sde Dov project credit: Company presentation Israel Canada has sold 120 Sde Dov apartments

The company reports it has signed 120 contracts for apartments in Tel Aviv's Sde Dov worth an overall NIS 931 million out of the 480 apartments it is building.

Smadar Barber-Tsadik  credit: Tamar Matsafi First Int'l Bank reports lower profit

Net profit in the third quarter was NIS 455 million, down 2.6% from NIS 467 million in the corresponding quarter last year.

Energean's FPSO Karish rig credit: Energean Court awards Energean full Karish North rights worth $3.4b

The three justice Israel Supreme Court panel dismissed Chevron and Delek unit NewMed Energy's petition for a share in the offshore gas field.

Bank Leumi CEO Hanan Friedman   credit: Oren Dai Leumi posts highest profit among banks

Bank Leumi posted a profit of NIS 1.77 billion for the third quarter, despite a very high provision for credit losses.

Mortgage taking  credit: Tali Bogdansky Mortgage market shows signs of revival

The banks see mortgage lending totaling NIS 5-5.5 billion this month and next, assuming that the war does not escalate.

Cellcom credit: Eyal Izhar Discount Investment in talks to sell Cellcom

Discount Investment holds a 36% controlling stake in the Israeli telecom company.

Teva  credit: Cineberg/Shutterstock UBS upgrades Teva due to "attractive brand assets"

The Swiss bank sees the Israeli pharmaceutical company transitioning to a more brand-focused company.

CapitalOS founders credit: CapitalOS Fintech co CapitalOS raises $39m

The company has developed a platform enabling businesses to build a spend management solution.

Elbit Systems SIGMA howitzer  credit: Elbit Systems Elbit Systems brings back retirees to meet war demand

The Israeli company ended the third quarter, before the war, with an increase of $500 million in its backlog of orders to $16.6 billion.

Shekels credit: Shutterstock Vladerina32 Shekel gains after BoI keeps rate unchanged

Analysts expect five Bank of Israel interest rate cuts in 2024.

ZIM ship credit: ZIM ZIM reroutes ships away from Red and Arabian Seas

The Israeli shipping line says that as a result of these measures, longer transit times in the relevant ZIM services are anticipated.

Mizrahi Tefahot Bank  credit: Eyal Izhar Mizrahi Tefahot Q3 profit down 6.8%; dividend halved

The bank reported a profit of NIS 1.1 billion for the third quarter, after a NIS 694 million provision for credit losses.

Evacuees in the Leonardo Tel Aviv credit: Ilim Evacuees replace tourists in Fattal hotels

The Israeli government is paying Fattal NIS 410 per night per adult and NIS 205 per night per child to host evacuees.

Carrefour hyper branch Ra'anana credit: Shira Sapir Carrefour Israel loss narrows

Electra Consumer Products food retail sector saw losses of NIS 7 million in the third quarter of 2023, compared with NIS 51 million before the stores were converted to Carrefour.

Bank of Israel Governor Prof. Amir Yaron credit: Eyal Izhar, Tali Bogdansky BoI keeps rate unchanged, again cuts growth forecast

The Bank of Israel said that monetary policy could focus more on supporting economic activity if the markets remain stable and inflation continues to moderate.

Discount Bank  credit: Eyal Izhar Discount Bank posts lower Q3 profit, declares 15% dividend

The bank made a provision for credit losses almost six times higher than in the third quarter of 2022.

Psagot in talks to sell Psagot Investment House

Group Psagot has notified the TASe that it is in preliminary talks to sell Psagot Investment House for NIS 320-340 million.

Idan Wallace credit: Ron Kedmi Delek jumps on strong Q3 results

Delek reported net profit of NIS 423 million after a net loss of NIS 404 million in the corresponding quarter of 2022.

Dr. Samer Haj-Yehia  credit: Shlomi Yosef Samer Haj-Yehia: from Leumi to Lemonade

Haj-Yehia, until recently chairperson of Bank Leumi, is joining AI-based digital insurance company Lemonade's board.

CartiHeal CEO Nir Altschuler  credit: Eyal Izhar Smith+Nephew buying CartiHeal for up to $330m

A previous deal with US company Bioventus fell through. Israeli company CartiHeal has developed an implant for treating cartilage and joint surface lesions in the knee.

Ori Keren, chief investment officer at More Provident Funds  credit: PR "Cheapest stock market in the Western world"

More Provident Funds chief investment officer Ori Keren says the investment house has rebalanced its portfolio towards Israel.

Shekel-dollar ASAP Creative Shekel gains to near NIS 3.70/$ threshold

Despite the war, the shekel is trading at levels not seen since early August, due to a combination of domestic and global factors.

Hanan Mor credit Eyal Izhar Real estate co Hanan Mor files for stay-of-proceedings

The request to the Tel Aviv District Court reveals that the company has run up heavy debts of NIS 2.7 billion.

Ilit Ostrovitch-Levi credit: Rami Zarnegar Israel thwarts Hamas on the financial battlefield

Israel Money Laundering and Terror Financing Prohibition Authority head Ilit Ostrovitch Levi tells "Globes" that to defeat terrorist organizations, their economic oxygen must be cut off.

Bank Hapoalim CEO Dov Kotler  credit: Eyal Izhar Bank Hapoalim sees home price fall accelerating

The bank has raised its assessment of risk in the construction and real estate sector, and says prices are falling faster than official figures indicate.

Shekels credit: Shutterstock Vladerina32 Shekel resumes strong gains

The Israeli currency has gained 8% against the US dollar since the start of November and 5% against the euro.

Bank of Israel credit: Shutterstock Analysts see Bank of Israel rate cut by start of 2024

If the shekel continues its impressive appreciation, some analysts see the Bank of Israel cutting the interest rate on November 27.

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