MARKET

As part of the investment agreement, the two sides will invest $2 million each in WeSure Digital.

The shekel's rebound comes in the wake of Wall Street's recovery, further fueled over the past 24 hours by the lower than expected US inflation data.

The Israeli carrier's revenue in the second quarter of 2022 was $516 million, up 132% from the second quarter of 2021.

The decline in profits stemmed from an increase in credit loss expenses - the security cushion set aside by banks to protect them from unpaid loans.

The sharp growth in revenue stems mainly from consolidation of VP Solar, the Italian company acquired by Tadiran at the start of the year.

ironSource CEO Tomer Bar-Zeev said that Applovin's bid was a defensive and desperate measure by a rival.

Key aspects of the $150 million cost reduction plan include "right-sizing our workforce and future hiring targets."

Bezeq will distribute a six month dividend of NIS 294 million.

Market strategist Shmuel Katzavian analyses why the Israeli currency will likely appreciate against the dollar over the next year.

The layoffs are mainly among US sales staff, while the company is doubling its development team in Tel Aviv.

AppLovin may benefit from opposition among Unity shareholders to the ironSource deal.

The Israeli video cloud platform said that 30 of the layoffs will be in Israel.

The Israeli website building platform is shedding 2% of its work force, with most of the layoffs abroad.

Leader Capital Markets: Without a sharp fall in the markets, or major geopolitical event, the shekel is expected to continue to strengthen and moderate inflation.

Aviat Networks has raised its bid from $2.8 to $3.08 per share, valuing Ceragon at $259 million.

After receiving an offer to purchase worth $383 million from rival US video platform Panopto, Israeli video cloud platform Kaltura has adopted a 'poison pill' plan.

The autonomous unmanned aircraft systems developer, once valued at $240 million, is being sold for less than half its IPO valuation last summer.

The Israeli 3D printing solutions company will pay €43 million and up to an additional €37 million in performance payments.

The New York activity of Content IQ, acquired in 2020 for $37.8 million, is being moved to Perion's Israeli headquarters in Holon.

Boosted by a national agreement in the opioids affair, Teva rose 5.63% on Friday after Bank of America raised its rating to 'buy.'

The increase was the result of a revaluation, as the shekel appreciated during July, which increased the reserves by roughly $4.51 billion, the Bank of Israel reports.

After rising 1,000% in two weeks to become Israel's most valuable company, the Israeli fintech's share price has started to fall.

Having previously acquired Ozcode, the US cloud monitoring company is aiming to have 500 employees in its Tel Aviv development center within a year.

The court appointed trustee was highly critical of NSO's attempts to keep ownership of the company, so that it could enhance an overall sale of NSO Group.

The European licensing deal is worth up to $23.5 million upfront to Polypid and $89 million in sales-related milestones.

Veniam will help cut communications costs between connected cars for the servers containing the data from Nexar's car dash cams.

Having sold 50% of the ophthalmic lens company to the eyewear giant in 2011 for $130 million, Kibbutz Shamir is selling the balance for hundreds of millions of dollars more.

The solar energy company has lost its position as Israel's most valuable company to Pagaya Technologies.

Innoviz will supply its new generation, advanced sensor called Innoviz 2 for installation in future models of Audi, Skoda, Seat, and Volkswagen vehicles.

Bareket supervises more than NIS 2 trillion managed by Israel's institutional investors - a bigger sum than the public's deposits in all Israel's banks.

Eight months after the Danish variety store began operations in Israel, the chain is increasing its number of stores in Israel from six to 13.