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24 December 2024

Intel Haifa  credit: Shutterstock Foreign investment up 40% in 2023, thanks to one deal

Excluding Intel's investment in its Kiryat Gat fab, foreign investment in Israel fell 24% last year, to $18 billion.

24/12/2024 18:40 Economy Meytal Vaizberg
Ami Daniel and Matan Peled  credit: Eyal Izhar US private equity fund buying Israel's Windward for NIS 1b

The price represents a 39% premium over the valuation at which the shipping information tech company was floated on AIM three years ago.

Home rental  credit: Eyal Izhar Rents resume steep rise

After a pause in the first six months of the war, rents in Israel are again on an upward trend, with new tenants especially affected.

24/12/2024 11:47 Real estate Arik Mirovsky

23 December 2024

Indicators point to strong investor confidence in Israel

The performance of the stock market, inward investment, and a surprisingly high rating by "The Economist", are encouraging signs, though there are reservations.

23/12/2024 15:53 Economy Aharon Katz
Slovakia buys IAI air defense system in €560m deal

The deal is for Israel Aerospace Industries' Barak MX system, designed to counter a variety of aerial threats, at short, medium and long range.

Israeli winners and losers on Wall Street in 2024

Teva has been a standout, and smaller stocks such as Eco Wave and Beamr have given exceptional returns, but there have also been disappointments.

23/12/2024 11:39 Market Shiri Habib-Valdhorn

22 December 2024

Cannabis co InterCure raising NIS 66m for Nir Oz facility

Yaron Yakobi and Tzahi Hagag will become parties at interest in the company led by Ehud Barak and Alexander Rabinovich. ,

22/12/2024 16:23 Healthcare Gali Weinreb
Houthis threaten independently of Iran

Iran may not have complete control of its Yemeni client, which continues to fire at Israel and international shipping.

22/12/2024 15:52 Politics Dean Shmuel Elmas
Foresight teams with Softbank and Japanese car maker

Foresight Autonomous Holdings' share price rose nearly 36% on Friday.

19 December 2024

Ecommerce fraud protection co Justt raises $30m

The Israeli company protects businesses from 'friendly fraud,' in which customers cancel valid credit card transactions, despite receiving the product or service that they ordered.

Ministry of Defense yet to approve Paragon sale

Israel's Ministry of Defense today announced that the $900 million sale of the cyberattack company to a US investment firm has not yet received the required approval.

Edeltech wins Sorek power station BOT tender

The Edeltech-Menorah consortium has won the BOT tender to finance, build, operate and maintain the power plant for 25 years.

19/12/2024 11:44 Energy Globes correspondent
Shekel weakens against dollar after Fed meeting

Although the US Federal Reserve cut the rate by 0.25%, it indicated only two rate cuts in 2025 compared with the previously expected four.

19/12/2024 11:13 Market Globes correspondent
Mergers make Matrix one of Israel's biggest employers

For many years the IT services and consultancy sector in Israel has been one of the most active in terms of mergers and acquisitions.

19/12/2024 07:26 IT Shiri Habib-Valdhorn

18 December 2024

Teva share price at 6-year high after trial results

The Israeli pharmaceutical company's market cap gained $5 billion in one Wall Street session boosting Israeli pension funds by hundreds of millions of dollars.

18/12/2024 17:23 Healthcare Shiri Habib-Valdhorn
Rubrik DSPM allows AI adoption with Israel-developed platform

Technology developed in Israel enables organizations to confidently adopt AI while maintaining complete transparency, control, and protection of massive amounts of data.

18/12/2024 15:54 IT Globes correspondent
Ashot Ashkelon wins NIS 146m Defense Ministry order

The company will manufacture and supply 1,200 horsepower transmissions for Israel's Ministry of Defense Procurement Administration.

Israel to lure foreign AI experts with meager budget

The Israel Innovation Authority has presented a plan with an exceptionally low budget of $1.8 million to bring AI experts to Israel.

Connection flights offer cheaper long-haul options

As more foreign airlines resume Israel operations, "Globes" finds cheaper alternatives to El Al on flights to the US and east Asia.

18/12/2024 07:32 Tourism Stav Livne

17 December 2024

Teva jumps sharply on bowel disease drug results

Teva reported that the trial for Dukaviyug, which it is developing with Sanofi, met its endpoints in ulcerative colitis and Crohn's disease.

17/12/2024 17:45 Healthcare Shiri Habib-Valdhorn
Mekorot CEO: I don't see any water supply disruptions

Mekorot CEO Amit Lang told the Globes Israel Business Conference that Israel's water company is prepared for extreme natural disasters.

17/12/2024 15:41 Water Arik Mirovsky
One Zero offers forex, securities commissions exemption

Israeli digital bank One Zero has introduced new measures that will allow customers to manage their bank accounts almost without fees including for foreign currency and securities trading.

Six airlines to resume Israel flights over next week

However, Air France announced yesterday that it is extending its suspension of Israel flights from the end of the year until January 9.

17/12/2024 10:25 Tourism Stav Livne
Israel launches first domestically-built quantum computer

The 20-qubit quantum computer was developed under the leadership of the Israel Innovation Authority, Israel Aerospace Industries (IAI), Hebrew University, and Yissum, the university’s technology transfer company.

17/12/2024 10:00 IT Globes correspondent
Knesset passes budget first reading as Ben-Gvir votes against

The NIS 619 billion 2025 budget is NIS 105 billion higher than the 2024 budget.

17/12/2024 07:02 Economy Oren Dori

16 December 2024

Brown Hotels asks court to approve sale to Israel Canada

In the court request Brown Hotels said that Israel Canada has committed to buy the business operations of eight of its hotels and its brand.

16/12/2024 15:52 Tourism Amiram Gil
Israel-Ireland diplomatic rupture could hit trade hard

Israel's decision to close its embassy in Dublin will harm annual trade worth $6 billion and in particular tech company ties.

16/12/2024 15:13 Politics Assaf Uni
Defense Ministry awards Elbit $130m communications deal

The advanced communications equipment includes software-defined radios, satellite communication systems, data-links for autonomous platforms, and the expansion of regional maintenance centers.

Nir Zuk signs MoU to buy Channel 13

Zuk has signed a memorandum of understanding with Channel 13 and its controlling owner Len Blavatnik to examine acquiring control of the TV station, subject to due diligence.

US private equity firm AE to buy cyberattack co Paragon

Exclusive: AE will pay up to $900 million for the Israeli company in which former Prime Minister Ehud Barak has a stake.

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