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Exalenz Bioscience sold at NIS 165m valuation

The price at which the company is being sold is 97% lower than the price at which trading in the share began in 2007.

Rami Levy to open post office in supermarket

Israel Postal Company is expanding its cooperation with retailers.

Dairy farm  photo: Eyal Izhar New Zealand co LIC buys 50% Afimilk stake

The New Zealand farming cooperative is buying the stake in the dairy farm systems company from Kibbutz Afikim and Fortissimo.

Zvi Barenboim  / Photo: Tamar Matsafi Barenboim buys Somoto's app distribution activity

The $10 million acquisition price could rise as high as $34.3 million, depending on performance.

Eldad Fresher Mizrahi Tefahot CEO Eldad Fresher steps down

Fresher is the fourth CEO of a major Israeli bank to resign in the past year.

Nir Zuk Nir Zuk slams Check Point's lack of ambition

The Palo Alto Networks founder and CTO blasts Check Point for putting too much emphasis on profit rather than investing in growth.

El Al plane  / Photo: Yochai Mussi El Al to launch Tel Aviv - London Stansted flights

The Israeli carrier, which last operated flights from London Stansted in 2009, will launch a five-times a week service starting June 28.

Raviv Zoller / Photo: Natali Cohen Kadosh Israel Chemicals buys US precision agriculture co Growers

The acquisition of Growers Holdings is part of Israel Chemicals strategy of enhancing its digital services.

Gil Sharon and Avi Gabbay Cellcom signs binding agreement to buy Golan Telecom

The merger will make Cellcom, Israel's largest mobile phone operator with 3.4 million subscribers.

El Al plane  / Photo: Yochai Mussi El Al counting on gov't aid to beat virus crisis

Minister of Transport Bezalel Smotrich: If the state wants to preserve its civil aviation, it has to help.

Gil Sharon and Avi Gabbay Cellcom set to buy Golan Telecom for NIS 750m

Terms have been agreed between the two mobile phone companies. The merger will make Cellcom Israel's biggest mobile phone operator.

Shekel Photo: ASAP Creative Shekel pushes euro to new 18-year low

Despite the possibility of a rate cut from 0.25% to 0.1%, the shekel continues to appreciate.

Bezhalel Machlis  / Photo: Elbit Systems PR, ira prohorov Elbit wins $670m Asia Pacific defense solutions deal

The Israeli defense electronics company has now won over $1 billion in contracts this year.

Russell Ellwanger Tower Semiconductor dips as Q4 disappoints

Fourth quarter 2019 quarter revenue and profit fell short of the analysts' consensus.

Giora Bardea  photo: Tamar Matsafi Strauss buys Brazilian coffee company

Strauss Group's 3C joint venture will pay NIS 167 million for Mitsui Alimentos Ltda.

Jerusalem light rail Gov't pays for mistakes in Jerusalem light rail buyback

The CityPass consortium made a NIS 1 billion profit as the Israeli government, inexperienced in such projects, bought back the Red Line for NIS 1.6 billion.

El Al CEO Gonen Usishkin Photo: Sivan Faraj El Al CEO: We may have to take dramatic measures

Gonen Usishkin says all airlines are in crisis over the coronavirus and El Al may have to make painful decisions.

Shekel Photo: ASAP Creative Shekel gains despite rate cut expectations

Leader Capital Markets macroeconomist Yonatan Katz: Annual inflation has fallen to 0.3% and is expected to continue falling, increasing the likelihood of an interest rate cut.

Harel building Harel buys stake in Prashkovsky Investments and Construction

Insurance and finance group Harel bought 4.5% of the real estate company from the Prashkovsky family.

Pelephone CEO Ran Guron  photo: Shlomi Yosef Pelephone bids NIS 710m for Golan Telecom

Mobile telephony company Golan Telecom is in the midst of negotiations on an acquisition by Cellcom.

Copaxone Proneuron to sue Teva for billions in Copaxone damages

A court ordered Teva to restore the Copaxone rights for treatment of diseases other than multiple sclerosis to Proneuron, but the patent has expired, rendering the rights useless.

Rami Levy  / Photo: Shlomi Yosef Rami Levy investing in hotels and sheltered housing

The investment is through BGI Investments, controlled by Rami Levy and Shalom Haim.

Micah Kaufmann Photo: Omer Hacohen Fiverr introduces AI logo maker

The Israeli freelance platform's new product will enable small businesses to create a new logo in seconds.

Zvika Schwimmer  / Photo: PR Electra confirms Cellcom talks to buy Golan Telecom

The acquisition of Golan Telecom by Cellcom would preempt a merger between Hot and Partner.

Warren Buffett Photo: ASAP Creative Value of Warren Buffett's position in Teva jumps

However, Berkshire Hathaway still has a loss on paper on its investment in Teva of about $230 million.

Barak Eilam Photo: Eyal Izhar Nice Systems beats analysts on revenue and earnings

Nice CEO Barak Eilam: We are in a very strong competitive position to capitalize on the changes taking place in our markets.

Gil Sharon Gil Sharon set to gain NIS 65m from Golan Telecom sale

Sharon was responsible for Electra Consumer Products' 2017 acquisition of Golan Telecom, and received 10% of Golan Telecom's shares in the deal.

El Al Boeing 787 Dreamliner  photo: PR El Al was struggling even before coronavirus

Low-cost competition was causing the Israeli carrier turbulence well before the East Asian virus but falling fuel prices may ease the pain.

Shekel Photo: ASAP Creative Shekel loses ground after reaching NIS 3.40/$

Market analysts believe there is a 50-50 chance of a rate cut this month.

Raviv Zoller / Photo: Natali Cohen Kadosh Potash plant upgrade hits Israel Chemicals results

The company's Dead Sea plant was shut down for a month, affecting production, while Chinese orders have been delayed.

Eli Kalif  / Photo: PR Teva CFO: Wind blowing towards growth

Eli Kalif tells "Globes" that growth will be enhanced by streamlining factories rather than more closures and selloffs.

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