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19 July 2018

Bezeq Bezeq directors on subsidiaries' boards in breach of license

According to Bezeq's license, only the company chairman can be a director in the company's subsidiaries.

19/07/2018 20:05 Legal Gad Perez
Teva Ashdod workers' demonstration  photo: Histadrut Court allows closure of Teva's Ashdod plant

The Beersheva District Court rejected the Histadrut's claim that Teva had acted in bad faith.

19/07/2018 18:50 Healthcare Shiri Habib-Valdhorn
Digging tunnels in Israel Photo: NTA Tender published for planning Tel Aviv subway lines

The length of the three planned subway lines is 130 kilometers, with 100 stations.

Ishay Davidi  photo; Tamar Matsafi Orbit wins NIS 109m US Air Force deal

Orbit's share price has risen 49% since the FIMI fund acquired control of the company.

autonomous vehicle  image: Shutterstock Maniv Mobility raising $80m second auto-tech VC fund

One likely investor in the fund is Renault-Nissan-Mitsubishi.

19/07/2018 12:32 Start ups Dubi Ben-Gedalyahu
IAI and AERO Photo: PR IAI and Czech co Aero unveil combat aircraft

The F/A-259 Striker is a multirole aircraft for close air support, counter-insurgency operations and border patrolling with interception capabilities.

Tel Aviv Photo: Eyal Yitzhar Dan opens high-tech Tel Aviv Link hotel

Designed for businesspeople, the Link & Hub is Dan's third Tel Aviv hotel and 13th in Israel.

19/07/2018 08:56 Tourism Globes correspondent

18 July 2018

Cellcom TV passes 200,000 subscriber threshold

Cellcom says its television business is already breaking even.

AI healthcare co raises $21m uses artificial intelligence to analyze CT scans in order to help doctors diagnose and treat strokes.

18/07/2018 16:55 Healthcare Yasmin Yablonko
Lufthansa to launch 2 Eilat-Germany routes

Flights between Eilat and Frankfurt and Munich will have two weekly flights each starting in October.

18/07/2018 15:09 Tourism Michal Raz-Chaimovich
BoI: Lack of competition raises diesel prices

The Israel Antitrust Authority also found that gas stations belonging to small companies offered significantly lower prices.

Shekel weakens as dollar gains worldwide

The dollar is stronger on international forex markets after US Federal Reserve chairman Jerome Powell gave an upbeat assessment of the US economy.

18/07/2018 14:26 Market Globes correspondent
El Al cancellations continue

El Al's flight from Tel Aviv to Mumbai today was cancelled because a pilot could not be found.

18/07/2018 12:55 Tourism Michal Raz-Chaimovich
Eataly in talks to open first Israeli outlet in Azrieli Sarona

A previous attempt to open an Eataly outlet in Rishon Lezion's Hazahav Mall failed.

18/07/2018 11:45 Retailing Shany Moses
Somoto publishes strong Q2 preliminary results

The Israeli company's video ad sector returned to profitability, due to completion of the management's comprehensive streamlining plan.

18/07/2018 11:27 IT Kobi Yeshayahou
Rafael, Lockheed Martin team on missile guidance system

The two companies will collaborate on Rafael's SPICE air-to-surface weapon systems with part of production to be carried out in the US.

17 July 2018

Apax set for Zap TASE floatation next month

Apax is trying to sell shares in the Internet company at a NIS 650-700 million company value after buying them at a company value of NIS 145 million.

17/07/2018 19:08 Market Aviv Levy
Azrieli plans major expansion for Jerusalem mall

Azrieli plans adding stores facing the street, a 21-floor office tower and sheltered housing to the Malcha mall.

17/07/2018 19:04 Real estate Shlomit Tsur
Personal health data co K Health raises $12.5m

The company also announced the launch of K, a free, first-of-its-kind primary care app along with a new provider network available in New York.

17/07/2018 18:24 Healthcare Globes correspondent
Cybersecurity co ObserveIT raises $33m

ObserveIT, which has offices in Tel Aviv and Boston, plans to hire 10 more development employees in Israel.

17/07/2018 16:58 Start ups Tal Shahaf
Evogene collaborates with IMAmt on cotton weevils

Evogene will identify genes predicted to be effective against Cotton Boll Weevil and Fall Armyworm, and IMAmt will validate the candidate toxins in cotton.

17/07/2018 16:44 Agritech Gali Weinreb
Innovation Authority grants NIS 120m to 3 int'l med-tech cos

Medtronic and GE Healthcare will receive NIS 50 million each and Change Healthcare will get NIS 20 million to expand Israel operations.

17/07/2018 16:29 Healthcare Gali Weinreb
Healthcare cybersecurity co CyberMDX raises $10m

The Israeli company delivers visibility and threat prevention for medical devices and clinical networks.

Israel Aerospace teams with SNC on VTOL military drones

The VTOL UAS will give forward-positioned units the ability to deploy expeditionary wide-area UAS Intelligence.

Shekel gains as inflation climbs

The Israeli currency is strengthening as inflation returns to the government's 1%-3% target range, making interest rate hikes possible.

16 July 2018

BoI lifts restrictions on banks buying back shares

A new Bank of Israel directive retracts some of the restrictions imposed on the banks following the October 1983 bank shares collapse.

Finance C'tee allows state 10 months to sell Leumi shares

The state's 5.8% holding in Bank Leumi is expected to fetch NIS 2 billion, which will be allocated to reducing the national debt.

16/07/2018 17:44 Financial services Irit Avissar
Salesforce buys Israeli marketing analytics co Datorama

The price is estimated at $850 million. Datorama's Israeli employees will join Salesforce's Marketing Cloud development team.

Israeli 3D content co Mantis Vision raises $55m

Mantis Vision and Luenmei Quantum also announced the formation of a joint venture to strengthen Mantis Vision’s growth in the Chinese market.

Ehud Barak-founded cybersecurity co Toka raises $12.5m

Toka assists government agencies in developing an array of software products and unique cyber strategies.

16/07/2018 15:52 Start ups Yasmin Yablonko
"Natixis is entering Israel for the potential growth"

Natixis Investment Managers CEO Jean Raby: We regard Israel as a completely European market.

Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Herzliya, Ramat Hasharon, Modi'in, Ramle and Arad.

16/07/2018 15:26 Real estate Ori Chudy
Possible credit card link-up boosts Partner

Rosario CEO Eran Jacoby: Investors understand that the big asset is customer data.

Israeli chemotherapy co NewStem raises $4m

NewStem’s technology can predict patients’ resistance to chemotherapy allowing for better, targeted cancer treatments and the potential to reduce resistance to chemotherapy.

16/07/2018 13:58 Healthcare Globes correspondent
Bitmain expanding Israel development center

The Chinese bitcoin mining company plans to recruit more than 40 people, tripling the Ra'anana center's workforce.

16/07/2018 12:45 Financial services Roy Katsiri
Meir Shamir still hankers after Tnuva

Shamir's Mivtach Shamir reported to the TASE yesterday that its approaches to Bright Food had been spurned.

16/07/2018 11:16 Basic industries Shany Moses
Gov't approves second Israeli stock exchange

The aim is to provide a solution for early-stage high-tech companies in Israel.

16/07/2018 10:51 Start ups Ron Stein
OECD praises Israeli gov't efforts to cut regulation

The OECD's report nevertheless states that these efforts are only a start.

15 July 2018

Home Price Index flat

The April-May index reading indicates that home prices in Israel are stabilizing. Meanwhile, general inflation has returned to within the target range.

Netanyahu: No ceasefire unless incendiary attacks stop

Prime Minister Benjamin Netanyahu said that Israel had dealt Hamas the harshest blow since Operation Protective Edge in 2014.

15/07/2018 13:07 Politics Tal Schneider
OECD: Israel should liberalize, spend on infrastructure

According to the OECD, Israel stands to gain more than almost every other country from product market liberalization and infrastructure investment.

Mortar fire from Gaza persists overnight

Senior Israeli defense source: Only the facts on the ground will dictate our future response.

15/07/2018 10:28 Politics Yuval Azulai

12 July 2018

Amazon halts free delivery offer in Israel

At the end of last week, Amazon introduced free delivery for purchases in excess of $80 for its customers worldwide.

12/07/2018 19:38 Retailing Shany Moses
IAI's Taxibot to be deployed at Indian airports

Israel Aerospace Industries has signed an agreement with India's KSU for operation of the Taxibot aircraft towing system at the airports in New Delhi and Mumbai.

Israeli vehicle radar co Arbe Robotics raises $10m

Arbe Robotics has developed a high-resolution, 4D radar sensor for autonomous vehicles.

Turkish Airlines adding tenth daily flight from Tel Aviv

In 2017, Turkish Airlines carried more than a million passengers from Tel Aviv's Ben Gurion Airport.

12/07/2018 17:33 Tourism Michal Raz-Chaimovich
Orbotech shareholders approve acquisition by KLA-Tencor

The South Korean Supreme Court dismissed an appeal against Orbotech in an intellectual property case.

Starboard's Mellanox stake falls below 9%

Activist investor Starboard Value LP sold part of its stake in the Israeli technology company at a handsome profit.

12/07/2018 11:56 IT Shiri Habib-Valdhorn
Gov't productivity program leaves out 82% of factories

Grants will be available apply only to plants in national priority areas and Jerusalem.

12/07/2018 10:56 Economy Yuval Azulai

11 July 2018

MTS share price soars 146% on huge turnover

There was no ostensible reason for the surge in Mer Telemanagement Solutions' share price.

11/07/2018 17:40 IT Shiri Habib-Valdhorn
Isaeli autotech co Aurora Labs raises $8.4m

Aurora Labs has developed a predictive maintenance solution for future-proof automotive software.

11/07/2018 15:55 Start ups Globes correspondent
Collaboration tools co Monday raises $50m posted a 300% increase in revenue in 2017.

11/07/2018 14:06 Start ups Tal Shahaf
Retailing automation co Trigo Vision raises $7m seed round

Trigo Vision has unveiled its system for eliminating the checkout process by tracking customers in stores.

11/07/2018 14:05 Start ups Globes correspondent
Kahlon requests Knesset nod for selling state's Leumi shares

The state wants to sell the last 5.83% of Bank Leumi that it owns.

Israeli tech exits: 2 mega deals but basic trend down

Excluding Orbotech and NDS, the average exit deal in the first half of 2018 was down nearly 50% compared with 2015 and 2016.

11/07/2018 10:34 Healthcare Tal Shahaf
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