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14 May 2021

price gun  photo: Tamar Matzafi CPI up 0.3% in April, well below expectations

The Consumer Price Index has risen 1.1% since the start of 2021, while housing prices have risen 4.5% over the past year.

14/05/2021 15:20 Economy Guy Ben Simon
Walmart Photo: Reuters Walmart to buy Israeli virtual fitting room co Zeekit

Walmart EVP: Virtual try-on is a game-changer and solves what has historically been one of the most difficult things to replicate online.

13 May 2021

Bennett turns back on Lapid's change block

Citing the tensions between Arabs and Jews within Israel, Yamina leader Naftali Bennett has resumed coalition talks with Likud.

13/05/2021 22:17 Politics Shirit Avitan-Cohen
Nice Systems beats analysts, raises guidance

First quarter non-GAAP EPS were up 14.9% at $1.54, $0.05 ahead of the consensus analysts' estimate.

13/05/2021 19:21 IT Globes correspondent
Economic damage from three days of fighting put at NIS 540m

The Manufacturers Association of Israel's estimate is based on work days lost. The actual final tally can be expected to be much higher.

13/05/2021 17:50 Economy Ela Levi-Weinrib
Israeli security management co Authomize raises $16m

Authomize's platform allows teams to automatically detect and remediate identity and access management risks.

13/05/2021 15:57 Start ups Globes correspondent
Cystic fibrosis treatment co Splisense raises $28.5m

The Jerusalem-based company is developing mRNA-altering therapies for cystic fibrosis (CF) and other genetic pulmonary diseases.

13/05/2021 15:20 Healthcare Globes correspondent
Gaza flare-up further weakens shekel

After weakening strongly on Tuesday with outbreak of the latest fighting, the shekel strengthened slightly yesterday but has resumed its losses today.

13/05/2021 14:42 Market Globes correspondent
Global-E completes Nasdaq IPO at $3.55b valuation

The Israeli e-commerce company raised $375 million and the share price rose 2% on its first day of trading.

13/05/2021 13:27 IT Shiri Habib-Valdhorn
Hapoalim profit soars sevenfold in Q1

Bank Hapoalim reported net profit of NIS 1.354 billion in the first quarter of 2021, up from NIS 192 million in the first quarter of 2020.

Lemonade tanks as Texas freeze hits Q1 results

The Israeli digital insurance company's loss widened due to the huge number of claims caused by the Texas storms in February.

13/05/2021 10:20 IT Shiri Habib-Valdhorn
Gaza rockets continue pounding central Israel

There is no end in sight to the conflict as Israel continues bombing Hamas buildings and infrastructure and killing its senior officers.

13/05/2021 07:34 Politics Walla! News

12 May 2021

El Al to keep Israel's skies open as foreign airlines cancel flights

El Al: We will keep routes to and from Israel open in all situations in which it is possible to fly.

12/05/2021 20:45 Tourism Michal Raz-Chaimovitz
Chevron halts Tamar gas field operations due to unrest

The Energy Ministry instructed Chevron to halt operations at the offshore rig because of security concerns.

Israeli AI-based insurance co Planck raises $20m

Planck provides insurance-related data insights and analytics for more than 50 major business segments.

Israeli fintech co Stampli raises $50m

The company has developed an AI-driven AP automation innovator, which helps CFOs control payments.

12/05/2021 17:00 Start ups Globes correspondent
Wix reports higher Q1 revenue, lower profit

Wix CEO: We are starting off 2021 in a very strong position and are making strides in achieving these goals.

12/05/2021 16:24 IT Globes correspondent
Shai Schiller buys Bavli Beresheet apartment for NIS 16m

The 44-floor high-rise residential tower is being built in Old North Tel Aviv.

12/05/2021 15:52 Real estate Guy Nardi
Nayax completes largest-ever TASE tech IPO

The Israeli fintech company raised $210 million at a company valuation of $1 billion with 75% of the money raised from foreign investors.

12/05/2021 14:03 Financial services Aviv Levy
Verbit acquires US TV captioning co VITAC

Israeli AI-powered transcription platform Verbit has announced the acquisition of VITAC, the largest North American provider of TV captioning products.

12/05/2021 13:19 Mergers & acquisitions Ofir Dor
Similarweb completes NYSE IPO, at $1.6b valuation

The Israel company, which has developed a platform for understanding online behavior by monitoring traffic on the web and mobile apps, has raised $165 million.

12/05/2021 12:58 IT Shiri Habib-Valdhorn
TASE recovers after early falls

The Tel Aviv 35 Index is close to its opening level, and the Tel Aviv 125 Index is actually ahead. The shekel is strengthening.

12/05/2021 11:41 Market Globes correspondent
Competition Authority seeks to fine Facebook NIS 6m

The Competition Authority alleges that Facebook failed to report two acquisitions in Israel as required by law.

11 May 2021

Fierce rocket barrage hits central Israel

Three women were killed in Ashkelon and Rishon Lezion, as Israel intensified its bombing of the Gaza Strip.

11/05/2021 23:21 Politics Danny Zaken
Cisco buys Israeli co Sedona Systems

The acquisition is designed to strengthen Cisco's efforts to upgrade its Internet network infrastructure.

Two killed in Israel as Gaza rocket barrage intensifies

Two women have been killed in Israel in separate rocket strikes in Ashkelon and 74 injured, while the Palestinians have reported 27 killed in the Gaza Strip.

11/05/2021 17:26 Politics Danny Zaken
Israeli AI cardiac ultrasound co UltraSight raises $13m

UltraSight’s AI platform provides the engine for ultrasound devices to conduct sonography at the point of care, helping more patients be accurately diagnosed and treated.

11/05/2021 16:48 Healthcare Globes correspondent
Azrieli to build, lease SolarEdge campus

The Israeli solar energy company's new headquarters will be in North Glilot.

11/05/2021 16:06 Real estate Guy Nardi
Israeli freelancer banking app co Lili raises $55m

Lili has doubled its account base in the past 6 months as more users pursue new, entrepreneurial endeavors.

Bank of Israel moves forward on digital shekel

The Bank of Israel's plan of action represents a reverse in policy from three years ago, when it recommended not issuing any digital currency.

Tel Aviv auctions Kikar Atarim car park

Tel Aviv Municipality this morning published an ad to sell its 73% share in the Kikar Atarim underground car park for a minimum price NIS 184.5 million.

11/05/2021 13:57 Real estate Guy Nardi
Gaza escalation weighs on shekel

Leumi: Past experience teaches us that the weakening of the shekel around events due to geopolitical tensions is short-term and transient.

11/05/2021 12:56 Market Globes correspondent
Rocket fire from Gaza Strip continues overnight

Two buildings in Ashkelon sustained direct hits. Barzilai Hospital in the city reports that it has treated 26 injured people.

11/05/2021 10:07 Politics Danny Zaken

10 May 2021

Israel under heavy rocket fire from Gaza

Seven rockets were fired at Jerusalem and dozens on Southern Israel as the Israel Air Force has been bombing Gaza in retaliation.

10/05/2021 20:42 Politics Globes correspondent
Ceva acquires US chip design co Intrinsix

Intrinsix provides complex System-on-Chip (SoC) design expertise.

Quicklizard signs Australia, NZ distribution deal

The Israeli AI-based dynamic retail pricing system company has signed a strategic agreement with a publicly-traded Australian distributor.

10/05/2021 15:48 Retailing Globes correspondent
Consortium to build underground data center in Afula

Europe-Israel Group, P.A.I. controlled by Omer Adam and the Swiss fund Lian Group have signed an agreement to build an underground data center in Israel.

Apartments sold and rented

A selection of recent real estate deals including in Jerusalem, Herzliya, Netanya, Holon and Beersheva.

Cabinet approves aid package for Israel's airlines

El Al, Israir and Arkia will all receive a 20-year advance on air tickets for their security staff.

10/05/2021 09:59 Tourism Michal Raz-Chaimovitz

09 May 2021

Agreement with Tadiran further boosts Apollo Power

Flexible solar film company Apollo Power's share price has soared by about 1,800% within a year.

09/05/2021 20:06 Energy Aviv Levy
Israel's fiscal deficit continues to decline

The cumulative deficit for the twelve months to the end of April was NIS 158.9 billion, or 11.2% of GDP.

09/05/2021 14:09 Economy Ela Levi-Weinrib
Oil Refineries shows signs of recovery

The company posted a profit of $55 million in the first quarter of 2021, after a loss of $274 million in 2020.

09/05/2021 13:54 Energy Omri Cohen
Leumi Partners forms consortium to buy control of Paz

The consortium seeks to buy 25% of Paz Oil for NIS 1 billion.

Bank of Israel cuts government bond purchases

The cut comes against a background of rising inflation and expected higher growth this year.

09/05/2021 10:47 Economy Guy Ben Simon

07 May 2021

Monday.com files for Wall Street IPO - report

Israeli team management software provider Monday.com has filed confidentially with the US SEC, "Bloomberg" reports.

07/05/2021 15:21 IT Globes correspondent
Nuvei acquires Israeli fintech co Simplex for $250m

Simplex provides a secure infrastructure for clearing cryptocurrency transactions and simplifies buying and selling.

07/05/2021 10:35 Financial services Ofir Dor
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