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Moshe Lary  credit: PR Mizrahi Tefahot posts NIS 1.27b profit, declares maximum dividend

The bank's credit portfolio grew by 6% in comparison with the first quarter of 2023, but financing income fell.

Elbit Systems  credit: Elbit Systems, processing: Tali Bogdanovsky Elbit Systems conundrum: Rising orders, falling stock

Despite frequent announcements of large contracts, Elbit Systems' share price is down 6% this year. Analysts: Foreign investors don't want Israeli stocks.

Smadar Barber-Tsadik  credit: Tamar Matsafi Smadar Barber-Tsadik set to return to FIBI group

A year after stepping down as CEO of First International Bank, Barber-Tsadik is in talks on becoming CEO of its parent company FIBI Holdings.

Better Juice founders Dr. Eran Blachinsky and Gali Yarom  credit: Nisan Haliva Better Juice sugar reduction process found safe

The company will now submit its technology to the US Food and Drug Administration for review under the GRAS notification program.

Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich credit: Ronen Zvulun Reuters S&P sees slow recovery for Israel

S&P warns that the economy will not rebound as quickly as it has after previous conflicts and crises.

CyberArk founder and executive chairman Udi Mokady credit: David Shopper CyberArk to pay $1.45b for US co Venafi

Venafi's field is machine identity management. The deal is expected to close in the second half of the year, subject to regulatory approvals.

Bank Hapoalim CEO Dov Kotler credit: Cadya Levy Bank Hapoalim to distribute 40% of NIS 1.94b Q1 profit

The high dividend was agreed with the Bank of Israel, despite the regulator's instruction to the banks to consider more conservative dividends.

National Insurance Institute offices in Beersheva  credit: Tali Bogdanovsky Israel's National Insurance faces an empty purse by 2036

Prof. Avia Spivak: Raise taxes and the retirement age, and there will be no problem.

Supervisor of Banks Daniel Hahiashvili   credit: Eyal Izhar, Shlomi Yosef  processing: Tali Bogdanovsky Regulator signals banks to keep dividends low

Israel's banks generally distribute 40% of their quarterly profits, but are again expected to cut this by half.

NICE CEO Barak Eilam credit: CRC Media Barak Eilam to step down as Nice CEO

Eilam will leave his post at the end of the year. The announcement, and mixed guidance in the company's financials, have depressed its share price.

Tel Aviv Stock Exchange  credit: Shutterstock TASE proposes Friday trading

The Tel Aviv Stock Exchange management has issued a call for comment on two proposals for bringing trading more in line with international markets.

Eran Zinman and Roy Mann  credit: Netanel Tobias monday.com soars on raised 2024 outlook

The Israeli work operating system company also beat the analysts' consensus on Q1 revenue and profit.

Shekels credit: Shutterstock Vladerina32 Shekel strengthens ahead of April CPI

Mizrahi Tefahot Bank chief economist Ronen Menachem: The shekel is still underpriced because of the geopolitical security situation.

Nova offices in Rehovot  credit: Eyal Izhar Two chip cos pull TASE upwards

Camtek and Nova have given triple-digit returns in the past year, accounting for much of the rise in the main TASE indices. Can they maintain the momentum?

Gil Shwed  credit: Cadya Levy Gil Shwed to sell Check Point shares worth $200m

The sale arises from options allocated to Shwed in 2017. He is due to step down as CEO and become executive chairperson, but no successor has yet been announced,

Residential construction in Ashkelon  credit: Shutterstock/Yuri Dondish April mortgage taking shows continuing recovery

Mortgage taking in April 2024 was 28% higher than in April 2023.

Assaf Goldberg and Danny Tocatly  credit: Gil Gibli Alleged irregularities put publicity-shy dynasties in spotlight

The Goldberg and Tocatly families discreetly dominated stock market operations systems for half a century, but a problematic venture into provident funds has brought unwelcome attention.

Idan Ofer credit: Sivan Farag Idan Ofer again loses on EVs

Ten years ago, Better Place collapsed with losses of NIS 3 billion. Now, OPC, controlled by Ofer's Kenon Holdings, is writing off its much more modest investment in charging station company Gnrgy.

SolarEdge CEO Zvi Lando credit: Eyal Izhar SolarEdge dips after another weak quarter

First quarter revenue was 78% below the the corresponding quarter of 2023.

Teva  credit: Cineberg/Shutterstock Teva schizophrenia drug Phase III results excite analysts

Evercore ISI analyst Umer Raffat believes that sales could amount to more than $1 billion annually.

Adv. Sharon Nahari  credit: Vladimir Dima New hope for Israeli cryptocurrency users

Adv. Sharon Nahari discusses the the prospects of a voluntary disclosure procedure at the Israel Tax Authority for digital currencies.

Gett app  credit: Studio Gett Pango acquires Gett for $175m

The Israeli parking payments app is today signing an agreement to buy the taxi hailing app.

Teva CEO Richard Francis credit: Elad Malka Teva hits five-year high after Q1 results

The Israeli pharmaceuticals company has reaffirmed its outlook for 2024 after higher revenue and a narrower loss in the first quarter of 2024.

Minister of Finance Bezalel Smotrich  credit: Noam Moskowitz, Knesset Press Office Could S&P downgrade Israel again?

Following its unscheduled cut to Israel's credit rating in April, S&P is due to release its routine country review this week. Analysts assess what might happen.

Shekel credit: Shutterstock Vladirina 32 Shekel appreciation seen continuing

The Israeli currency has strengthened to the NIS 3.70/$ threshold for the first time since the start of April.

Hermes 900  credit: Elbit Systems Elbit teams with Lufthansa unit on UAVs for German Navy

According to Reuters, the joint project will be presented at the International Aerospace Exhibition ILA in Berlin in June.

Noname Security founders Oz Golan and Shay Levi  credit: Yossi Zeliger Akamai to buy Israeli API security co Noname for $450m

This is the US company's fifth acquisition in Israel. Noname Security's over 200 employees will join Akamai’s Security Technology Group.

Dov Kotler  credit: Tamar Matsafi Dov Kotler stepping down as Bank Hapoalim CEO

Kotler has headed the bank for five years. A search committee has been formed to find his successor and "Globes" names some of the leading candidates.

Tel Aviv IMI lot Hashalom Street credit: Dimitri Spector Central Tel Aviv lot fetches NIS 644m

The Israel Land Authority (ILA) auction for the Israel Military Industries (IMI) lot on Hashalom Street in central Tel Aviv has been won by Acro Real Estate and Kata Group.

Supermarket shopping  credit: Tali Bogdanovsky: Data show scant reason for food price rises

One of the main claims of the food companies and the major importers relates to shipping costs, which represent part of the cost of imported products. Is it justified?

Shekel depreciates credit: Tali Bogdanovsky How will an operation in Rafah affect the shekel?

Analysts do not see a dramatic impact on the currency, but this will depend on the intensity and duration of the fighting.

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