MARKET

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

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.

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

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

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

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

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

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

Prico CEO Yossi Fraiman: The expectation of higher rates is  strengthening the shekel, and will cool demand in the mortgage market.

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

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.

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.

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

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

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.

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

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

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

CyberArk Ventures has made three initial investments in cybersecurity startups.

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

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

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

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.

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

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

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

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

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

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

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