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Regulator approves WeSure takeover of Ayalon

After Ayalon complied with the Concentration Law and WeSure's owners received a control permit, the NIS 463 million deal can be completed.

Rani Zim  credit: Eyal Izhar Rani Zim sells Office Depot to UMI

The deal values Office Depot Israel at NIS 80 million, of which Zim will receive NIS 35 million, as the chain has NIS 45 million debt.

Prof. Tamir Tuller and Dr. Eyal Afergan  credit: Eyal Izhar Israeli milk alternatives startup Imagindairy raises $15m

The raise, led by Target Global, is an extension of the company's seed round in which it raised $13 million last November.

Wall Street  credit: Tamar Matsafi Actelis Networks' share price halves after Nasdaq IPO

Actelis Networks provides network solutions designed to make communications faster, safer and more efficient for IoT applications.

Zim CEO Eli Glickman Photo: Itay Rappaport ZIM keeps posting record profits

CEO Eli Glickman: Since our flotation just a year and four months ago we have distributed dividends that are fifteen times the amount we raised.

El Al Photo: Sivan Faraj Higher fuel prices offset surging El Al sales

El Al's revenue jumped 146% in the first quarter of 2022, but it posted a net loss of $66 million.

Unit Finance Inc.  credit: Unit Finance Unit Finance reveals $100m raise at $1.2b valuation

The Israeli-US embedded finance company closed the round before the valuation bubble began to burst.

HSBC Tower, Manhattan  credit: Shutterstock, Roman Tiraspolsky Property & Building seeks loan as HSBC Tower sale falls through

Property & Building needs to finance its purchase of Aaron Frenkel's 37.2% stake in Bayside.

Nasdaq Photo: Shutterstock Market volatility creating opportunities

Investors are punishing growth stocks that fail to live up to expectations, but the punishment doesn't always fit the crime.

Shekel Photo: Shutterstock Vladirina 32 Bank of Israel seen acting aggressively on interest rate

Prico CEO Yossi Fraiman: The expectation of higher rates is  strengthening the shekel, and will cool demand in the mortgage market. Nasdaq IPO Photo: PR Investors unimpressed as Q1 beats analysts

The company's share price fell sharply in early trading, and is now 70% below its IPO price.

Avishai Abrahami credit: Shlomi Yosef Wix's loss widens in first quarter

The company plans to reach free cash flow of 20% of revenue by 2025. CEO Avishai Abraham: We're concentrating on what we can control.

Tnuva logistical center  credit: Rafi Kutz Ministry: Salmonella in Tnuva milk powder poses no health risk

The Ministry of Health has confirmed that salmonella was present in a batch of Tnuva milk powder, but says the product was not sold to the public.

Dr. Elazar Sonnenschein with Pulsenmore product  credit: Pulsenmore Strategic agreement with GE Healthcare boosts Pulsenmore

GE Healthcare will invest up to $50 million in the Israeli home ultrasound devices company and will distribute pregnancy monitoring products.

Mortgages credit: Shutterstock Mortgage lending falls back

The total of new mortgages in April was 22% down on March, but still relatively high for the month of the Passover holiday.

Image of ElectReon technology credit: Company website ElectReon to charge Electra Afikim buses

The NIS 6.5 million project in Rosh Ha'ayin will enable public transport company Electra Afikim to charge 30 buses 24 hours a day.

Tel Aviv Stock Exchange Credit: Shutterstock TASE up strongly at opening; Shufersal jumps

The rises in Tel Aviv follow strong rises on US markets on Friday.

Barak Eilam Photo: CRC Media Nice Systems beats estimates, raises guidance

The technology company now sees non-GAAP EPS for 2022 of $7.25-7.45, which compares with previous guidance $7.07-7.27.

Ofra Strauss and Giora Bardea  credit: Eyal Izhar Strauss sees salmonella affair lopping one third off profit

Strauss Group estimates that the product recall and the shutdown of its Elite factory will reduce profit by NIS 170-230 million in 2022.

Udi Mokady Photo: Eyal Izhar CyberArk launches corporate VC fund

CyberArk Ventures has made three initial investments in cybersecurity startups.

Ran Guron  credit: Tamar Matsafi Bezeq names Ran Guron CEO

Guron has headed Bezeq subsidiaries Yes, Bezeq International and Pelephone for the past six years.

Shekel Photo: Shutterstock Vladirina 32 Shekel bounces back

The future direction of the shekel in the coming weeks will be dictated by trends on Wall Street.

Copaxone Israel sues Teva for $100m Copaxone royalties

The state claims that Teva violated IP rights in the development of the longer interval dosage version of the multiple sclerosis drug.

Amnon Shashua presents Mobileye's new radar chip credit: Mobileye Mobileye IPO moves ahead despite Wall Street woes

Market sources say that despite the negative sentiment on Nasdaq and the recent very sharp falls in the share prices of tech giants, the IPO will go ahead on schedule.

Raviv Zoller Crerdit: Natalie Cohen-Kadosh Commodity price rises boost ICL's profit and revenue

The Israeli specialty chemicals company has also raised its guidance for 2022.

Nir Altschuler Photo: Eyal Izhar Elron warns Cartiheal acquisition by Bioventus at risk

Bioventus has announced that it has canceled the $415 million it planned to raise to finance the acquisition, due to market conditions.

Augurey and Seebo founders Credit: Kobi Sharvit Augury buys Israeli industrial AI co Seebo for $140m

The two Israeli companies will combine to provide an AI-driven view into the diverse factors that influence overall production health.

Shekel Photo: ASAP Creative Inflation concerns rise as shekel continues to sink

As the shekel-dollar rate approaches NIS 3.50/$, more price rises and interest rate hikes are expected.

Energean CEO Mathios Rigas Credit: Energean New gas discovery should boost Israel's exports

The 8 BCM of offshore natural gas found by Energean will free up more gas for export.

Ofir Zemer  credit: PR Qualcomm set to buy Israeli startup Cellwize

Cellwize deals in cellular network optimization. The acquisition price is estimated to be in the low hundreds of millions of dollars.

Shekels Credit: Shutterstock Vladerina32 Battered shekel loses more ground

Since the start of 2022, the shekel has depreciated over 11% against the dollar.

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