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Emil Vainshel, Yohanan Danino,and  Nitzan Zeir-Harim, Wesure  credit: Rami Zarnegar AmTrust to invest NIS 35m in WeSure

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

Shekels Credit: Shutterstock Vladerina32 Shekel at 4-month strongest against dollar

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.

El Al Credit: PR Danny Sadeh El Al swings to profit after travel restrictions lifted

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

Uri Levin Credit: PR Discount Bank Q2 profit falls despite rate hikes

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.

Moshe Mamrud Credit: Tadiran Energy activity pushes Tadiran to record results

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

Tomer Bar Zeev Photo: Yonatan Bloom ironSource: Our Unity merger deal superior to Applovin's

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

Wix Photo: Nasdaq OMX Wix narrows loss, confirms layoffs

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

Bezeq chairman Gil Sharon Photo: Tamar Matsafi Strong Internet revenue boosts Bezeq's Q2 results

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

Shekel Photo: Shutterstock Vladirina 32 The shekel will continue gaining against the dollar

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

Melio founders Credit: Eyal Izhar Israeli fintech co Melio cuts workforce by 10%

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

Unity- ironSource Credit: Shutterstock AppLovin bids to merge with Unity, endangering ironSource deal

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

Kaltura management team Credit: Nir Arielly Kaltura laying off 10% of workforce

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

Avishai Avrahami Credit: Shlomi Yosef Wix lays off 100

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

Shekels Credit: Shutterstock Vladerina32 Shekel rally gains momentum

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.

Doron Arazi Credit: Liora Katz Ceragon board rejects higher Aviat Networks bid

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

Kaltura executive team Credit: Kaltura Kaltura counters rival takeover with 'poison pill'

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.

Airobotics drone  credit: Yoni Ben Haim Ondas buys Israeli drone co Airobotics

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

Yoav Zeif credit: Eyal Izhar Stratasys acquires German materials co Covestro

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

Doron Gerstel  credit: Perion Perion Network lays off 20, moves some US activity to Israel

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

Teva  credit: Shutterstock Teva share price jumps 55% in past three weeks

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

Bank of Israel Credit: Shutterstock Alon Adika Forex reserves rise as shekel strengthens

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.

Pagaya bell ringing ceremony Credit:  Ido Isaac PR Pagaya share price begins to lose ground

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

Seekret's team Credit: Seekret Datadog buys Israeli API observability co Seekret

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

NSO Group Credit: Shutterstock BRG to buy NSO counter-drone unit Convexum for $29m

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.

Dikla Czaczkes Akselbrad Credit: Yossi Lazarov PolyPid licenses surgical infection prevention drug to Advanz

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

Nexar CEO Eran Shir Photo: Yonatan Bloom Israeli car dash cam co Nexar buys Portuguese co Veniam

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

Shamir Optical Credit: Eran Harduf Wikimedia EssilorLuxottica buys remaining 50% stake in Shamir Optics

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.

SolarEdge panels Credit: Company website SolarEdge slumps on disappointing Q2 revenue

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

Innoviz jumps on huge Volkswagen sensors order

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

Moshe Bareket Credit: Yossi Zamir Capital Market regulator Moshe Bareket unexpectedly quits

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.

Flying Tiger Credit: Shuka Cohen Flying Tiger to double number of Israel stores

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.

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