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Yoav Zeif  / Photo: Stratasys Israeli 3D printing co Stratasys sheds 10% of work force

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

Dan Glotter / Photo: Optimal Plus National Instruments buys Israeli co OptimalPlus for $365m

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

Shekel Photo: ASAP Creative Shekel at strongest for 3 months against dollar

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

strauss Strauss moves to upgrade direct relations with consumers

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

Avgol factory, photo: Eyal Yitzhar Hygiene product demand boosts Israeli non-woven fabric cos

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

Arad water meters Kibbutz Dalia sells 12% Arad stake

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

Ido Erlichman Photo: Sharon Deri Teddy Sagi's KAPE execs exercise options worth £13.3m

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

Rami Levy  / Photo: Shlomi Yosef Rami Levy invests in 3D print meat co Meat-Tech

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

probiotics, antibiotics, clinical trial, bacteria  image: Shutterstock PolyPid takes aim at Nasdaq once again

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

Eldad Fresher Mizrahi Tefahot reports biggest profit of Israel's banks

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 / Photo: company presentation SaverOne to hold TASE IPO despite 'going concern' warning

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

Micah Kaufmann Photo: Omer Hacohen Fiverr raises at least $120m in secondary offering

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

Marius Nacht, photo: Tamar Matsafi Marius Nacht steps down as Check Point chairman

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

Shufersal Shufersal profit up 88% in Q1

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

Zvi Livnat Photo: Anat Levron El Al sells Maman stake for $15.4m

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.

Micah Kaufmann Photo: Omer Hacohen Fiverr files to raise $115m in secondary NYSE offering

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

Uri Levin / Photo: Eyal Izhar, Globes Discount Bank jumps on Q1 results

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

5G / Photo: Shutterstock, Shutterstock.com Defense Ministry wants China excluded from Israeli 5G - report

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

Hanan Friedman Leumi posts NIS 232m Q1 loss

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

Aura residential construction project / Photo: Eyal Izhar, Globes Mortgage taking in Israel remained high in April

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

Eyal Shinar / Photo: Ashley Batz Mitsubishi UFJ invests $20m in B2B payment co Fundbox

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

Bezhalel Machlis  / Photo: Elbit Systems PR, PR Elbit reports stronger revenue, profit, record backlog

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

Shekel Photo: ASAP Creative Shekel stronger despite shrinking economy

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.

El Al CEO Gonen Usishkin Photo: Sivan Faraj El Al CEO warns on future after worker violence

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

Yitzhak Tshuva  / Photo: Gidon Levin Noy Fund buys Delek's Karish, Tanin royalties

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.

Ofer Bloch Photo: Ronny Schitzer IEC raises NIS 1b from institutions

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

El Al cargo flight  / Photo: PR After 10 years, El Al plane lands in Turkey

The El Al cargo aircraft is the first in a series of flights that will take medical equipment from Istanbul to New York.

Eran Taus / Photo: Sivan Farag Coronavirus assists Novolog's business strategy

CEO Eran Taus: The coronavirus pandemic actually strengthens our strategic plan for a transition to online medicine at home.

Magal CEO Dror Sharon  / Photo: Eyal Izhar, Globes FIMI bids to raise Magal stake to 80%

The $25.6 million offer for 8,669,029 shares would increase FIMI's stake in the Israeli security systems company from 42.6% to 80%.

Doral Renewable Energy Resources installation / Photo: Adit-movies Doral Renewable Energy files for TASE IPO

The company is believed to be planning to raise NIS 150 million at a valuation of NIS 500-550 million.

Shekel-dollar ASAP Creative Ten reasons why shekel will weaken against dollar

Financial consultant Yossi Frank explains why he thinks the Israeli currency will soon be trading in the NIS 3.60-3.75/$ range.

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