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Shekel Photo: ASAP Creative Shekel weakens as new Covid variant spooks markets

The Israeli currency is weakening as global markets go into a tailspin over the discovery of a new Covid variant in southern Africa.

Kadimastem laboratory Photo: Kadimastem Kadimastem seeks Nasdaq listing, raises $3.2m from ILEX

The investment will finance clinical development of AstroRx for the treatment of ALS and to begin the clinical development of IsletRx, as a cure for insulin-dependent diabetes.

Tamar rig Photo: Albatross Energy Ministry approves sale of Tamar stake to Mubadala

The Abu Dhabi company is buying a 22% stake in the Israeli gas field from Delek Drilling for $1 billion.

Playtika Nasdaq IPO Israeli tech cos newly listed on Wall Street are struggling

SentinelOne, and Global-e are flourishing but the other 17 Israeli companies are losing ground. "Globes" analyzes why.

Naty Saidoff Photo: Eyal Izhar Shikun & Binui to agree heavy fine if bribery charges dropped

The company is in advanced talks with the State Attorney's Office on a deal over alleged bribery of public officials in Africa.

Global-e cofounders Photo: Rotem Barak Global-e buys US co Flow Commerce for $500m

The acquisition will allow the Israeli company to make its e-commerce platform available to small merchants currently not eligible to use its services.

Shlomo Rodav Photo: Eyal Izhar Hutchison set to accept Rodav's bid for Partner

The Rodev Group is offering to buy Hutchison's 27.1% stake for about $300 million.

Shekels Photo: Shutterstock Vladerina32 Shekel rebounds in volatile forex trading

The Israeli currency lost nearly 2% of its value against the dollar today but rebounded after the representative rate was set.

Yitzhak Tshuva  credit: Tamar Matsafi Midroog upgrades Delek Group rating

The upgrade could lead to the going concern qualification being removed from Delek Group's financial statements.

El Al aircraft  credit: Yoav Yaari El Al loss widens

The airline's revenue grew in the third quarter, but restructuring expenses and higher operational costs led to a loss of $136 million.

Andrew Abir  credit: Lior Mizrahi BoI deputy governor: Inflation not a concern right now

Andrew Abir tells "Globes" that the Bank of Israel can afford to maintain an expansionary monetary policy.

Shari Arison, photo: Tamar Matsafi Shikun & Binui: Case closed against Shari Arison, Efrat Peled

The former owner of Shikun & Binui, Shari Arison, and Arison Investments chairman and CEO Efrat Peled, will not be indicted in the Shikun & Binui bribery affair.

Cipia Vision Credit: Company website Driver monitoring co Cipia raises $22m in TASE IPO

Driver Sense uses AI and computer vision algorithms to monitor real-time visual cues for signs of driver drowsiness, distraction, and other dangerous actions.

Outbrain Nasdaq IPO Photo: PR Israeli Wall Street traded cos spend $4b buying startups

Over the past six months, Israeli publicly traded tech companies have gone on a spending spree, acquiring overseas and Israeli startups.

Mortgages Photo: Shutterstock Mortgage taking maintains record levels in October

Israelis took NIS 10.7 billion worth of mortgages in October, the Bank of Israel reports.

Moshe Hogeg  credit: Jonathan Bloom How crypto fell from grace

A technology meant to generate trust has become fertile ground for the oldest con in the book.

Shekels Photo: Shutterstock Vladerina32 Shekel weakens after BoI rate call

Goldman Sachs: The Bank of Israel will be prepared to let the shekel strengthen while exports are not harmed.

Discount Bank credit: Cadya Levy Discount Bank reports Q3 profit up 179%

The bank's annualized return on equity in the quarter was 14.5%.

Outbrain co-CEOs Yaron Galai and David Kostner Photo: Noam Galai Outbrain buys Swiss co Video Intelligence

The Israeli media content recommendation company will pay $55 million in cash and shares.

Perrigo on the NYSE Photo: PR Perrigo to delist from TASE

Perrigo is delisting its shares from the TASE after divesting its Israeli-based operations earlier this year.

Sonovia mask Photo: Company website Sonovia wins mask deal from major aircraft manufacturer

The Israeli company's masks include treated fabric with a very high effectiveness level in neutralizing the Covid pandemic's Delta variant.

Tamir Pardo Photo: Ran Biran Germany's Schwarz Group buys Israeli co XM Cyber for $700m

The Israeli cybersecurity company's cofounder and president is Tamir Pardo, the former head of the Mossad.

Energean's drilling ship Stena Drillmax  credit: Yevgeni Malchin, Ministry of Environmental Protection Dalia Power seen ending gas supply agreement with Energean

Because of the delay in production from the Karish reservoir, Dalia Power is seeking to supply all its gas needs from Tamar.

Aaron Frenkel Mubadala gives Aaron Frenkel option on 11% of Tamar rights

In September, Mubadala agreed to buy 22% of the rights to the Tamar gas field from Delek Drilling for $1 billion.

Yaron Shapira, Assaf Dagan and Roei Yellin Credit Look Zalamim –Tamir Israeli fintech platform 8fig raises $50m

The company provides equity-free flexible funding and supply chain management tools for eCommerce sellers.

Avi Gabbay  credit: Cadya Levy Gabbay leads bid for Partner after quitting Cellcom

Avi Gabbay has taken the strategic decision to own an Israeli telecom company rather than just manage one.

Moshe Bareket  credit: Yossi Zamir Israeli financial institutions required to factor in ESG

Israel's financial services regulator is catching up with the global investment trend on environment, social, and governance risks.

El Al plane  / Photo: Yoav Yaari El Al to receive further $30m state aid

El Al controlling shareholder Kenny Rozenberg will be required to invest a matching sum.

Avi Gabbay  credit: Cadya Levy Cellcom CEO Avi Gabbay resigns after relations with owners sour

A bid by Gabbay to buy out Celllcom together with other investors was rebuffed.

Avi Gabbay  credit: Cadya Levy Avi Gabbay steps down as Cellcom CEO

During Gabbay's short tenure Cellcom has returned to profitability and its share price has risen 34%.

Gil Shwed  credit: Eyal Izhar Cyber boom leaves Check Point trailing

Penalized for being profitable? As investors go for growth or bust, cybersecurity pioneer Check Point could drop out of the Nasdaq 100.

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