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Keystone CEO Navot Bar credit: Dude Moskovitz Keystone, Generation in bidding war for Shikun & Binui Energy

Keystone Fund has bid NIS 4.35 billion after last month Generation Capital bid NIS 4.2 billion.

Payoneer credit: Primakov Shutterstock Nuvei buys Israeli cross-border commerce co Payoneer for $2.75b

The Canadian fintech company is paying a 9.6% premium on Payoneer’s share price on Nasdaq.

Exit credit: Tali Bogdanovsky with Adobe Firefly 1Password buys Israeli just-in-time access co Apono

Following the acquisition for more than $250 million, the Canadian identity security company will establish a development center in Israel.

Gilat CEO Adi Sfadia credit: PR Gilat buys Comtech satellite and space division

The Israeli satellite company will pay $157.5 million for Comtech’s division, six years after Comtech’s deal to buy Gilat for $577 million collapsed.

Falls on Tel Aviv Stock Exchange  credit: Tali Bogdanovsky TASE indices fall sharply in wake of US-Iran agreement

Investors apparently see the agreement as disadvantageous for Israel. "Globes" talks to analysts about the market's reaction..

monday.com founders Eran Zinman and Roy Mann  credit: Netanel Tobias monday.com launches $200m venture capital arm

monday Ventures will invest in Israeli companies innovating in the world of work.

Check Point CEO Nadav Zafrir Check Point market cap dips below $13b

Check Point, which not long ago was Israel’s most valuable company on Wall Street, has now slipped to sixth place behind Teva, Elbit Systems, Tower Semiconductor, Nova, and Enlight Renewable Energy.

Oddity's management opens Nasdaq trading July 19, 2023  credit: Vanja Savic/Nasdaq Wayward algorithm topples Oddity Tech

Oran Holtzman's online cosmetics company was riding very high indeed until it hit a snag with its main advertising partner.

Elbit Systems credit: Shutterstock Elbit Systems bars Chinese models from vehicle fleet

The defense company has one of the largest fleets in the private sector in Israel. The IDF and Israel Aerospace Systems have lately made similar moves.

Chaim Katzman  credit: Arik Sultan Chaim Katzman seeks to sell control of G City

After 35 years as the controlling shareholder in the income producing real estate company Katzman is looking to relinquish control.

Elbit SIGMA Howitzer credit: Elbit Systems Elbit teams with Anduril on US Army howitzer tender

The Israeli company and Anduril have signed a strategic teaming agreement to offer the SIGMA NG Mobile Tactical Cannon for the US Army’s Self-Propelled Howitzer Modernization program.

Shekel depreciates credit: Tali Bogdanovsky Wall Street woes weaken shekel

The Israeli currency has lost ground over the past week after strengthening significantly in recent months.

Zvi Stepak  credit: Eyal Izhar Plenty of warnings, but is it a bubble?

With stocks at dizzy heights, while bonds are falling, Zvi Stepak analyses the signs of the state of the US stock market.

Payoneer credit: Primakov Shutterstock Nuvei in talks to buy Payoneer for $2.7b

Israel-founded Payoneer provides small and medium-sized businesses with a solution for carrying out cross-border transactions.

Teva credit: Sivan Farag Teva to lay off 250 in API division in Israel

Teva had been in talks to sell its active pharmaceutical ingredients activity but a deal never materialized.

Yitzhak Tshuva and Yossi Abu credit: Shlomi Yosef Tshuva wants higher shekel price for gas

NewMed Energy is trying to reopen the agreement with the Ministry of Energy and Infrastructure because of the strengthening of the shekel against the dollar.

El Al Frequent Flyers Club CEO Moshe Morgernstern credit: Aya Ben Ezri El Al claims ICC CAL’s new FlyAll card is consumer fraud

After El Al frequently flyer club’s Fly Card switched to Isracard, ICC CAL has invited cardholders to ‘upgrade’ to its new FlyAll card.

Tel Aviv Stock Exchange  credit: PR TASE opens on sharp falls; Tidhar down on debut

As hostilities between Israel and Iran resumed, the main indices continued last week's slide, and debutant stock Tidhar Group received a cool welcome.

Impression of Almadev's Galleria project in Toronto. Insert: CEO Rafael Lazer  credit: company presentation Almadev cuts valuation to complete offering

Almadev, formerly Elad Canada and now owned by Canadian company Rester Management, raised NIS 340 million after compromising on its valuation with the financial institutions.

Governor of the Bank of Israel Amir Yaron  credit: Danny Shem Tov processing: Tali Bogdanovsky Bank of Israel buys foreign currency to weaken shekel

The Bank of Israel ended May with record foreign exchange reserves after intervening to purchase foreign currency.

Tel Aviv Stock Exchange credit: Shutterstock MagioreStock LivePerson to delist from TASE

At its peak the SaaS digital messaging and chat company had a market cap of $4.7 billion but today its market cap is just $26 million.

Bank Hapoalim branch  credit: Eyal Hazafon Bank Hapoalim locks dollar exchange rate for summer

For customers making US dollar purchases or withdrawals, the bank will keep the rate at NIS 2.89/$ even if it rises higher on the market.

Dr. Marc Abitbol credit: Visionix Revenio acquires Israeli medical device co Visionix

Dr. Marc Abitbol, who founded Jerusalem-based Visionix in 1994, tells “Globes” why he has finally decided to sell the eye care company and step down as CEO.

Simad summer camp  credit: company presentation Simad Holdings files for bankruptcy in US

The move comes after the owners, brothers Michael and David Shabsels, were reported to have emptied the company of its cash.

Zvi Stepak and Eli Barkat  credit: Eyal Izhar, Noam Moskowitz, Knesset Press Office Barkat brothers put Meitav up for sale

JP Morgan has been asked to find a buyer for the Israeli investment house. Meitav founder Zvi Stepak: The Stepak family has no intention of selling its shares.

Itai Ben-Zaken credit: Ohad Kab Israeli digital insurer Honeycomb raises $40m

The real estate insurer, which operates in 22 US states, specializes in apartment buildings and condo associations.

Alpha Tau CEO Uzi Sofer credit: Rami Zarnegar Alpha Tau teams with Tolmar on lucrative prostate cancer deal

The company’s share price opened 22% higher today on Wall Street, giving a market cap of $984.5 million.

Governor of the Bank of Israel Amir Yaron credit: Yossi Cohen Yaron hints at faster rate cuts if shekel keeps strengthening

Governor of the Bank of Israel Amir Yaron told the Eli Hurvitz Conference that the shekel's appreciation could depress inflation, justifying interest rate cuts.

More Provident Funds chief investment officer Ori Keren, InFin CEO Yehonatan Cohen,  Israel Securities Authority chairman Seffy Zinger, Limor Beladev  credit: company website, PR, Yossi Cohen While the watchdogs slept, Simad's owner took its cash

The owner of US summer camps company Simad Holdings has left those who invested NIS 620 million its bonds in doubt whether they will see their money again.

Yoram Oron  credit: Eyal Izhar Motorola Solutions to buy Israeli co D-Fend for $1.5b

The Ra’anana-based startup, which has developed counter-drone technology, will become the most expensive-ever acquisition of an Israeli defense company.

Israeli moneychanger credit: Shutterstock As shekel gains, moneychangers run out of foreign currency

As Israelis rush to buy ‘cheap’ foreign currency, many local moneychangers have no dollar and euro banknotes to sell.

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