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13 April 2021

DoControl Founders Credit: Orly Eyal SaaS security platform co DoControl raises $10m

The Israeli company has launched its fully automated SaaS security platform, which provides data access monitoring, orchestration, and remediation across major SaaS applications.

13/04/2021 17:58 Start ups Globes correspondent
NovoCure Photo: Nasdaq Novocure soars on lung cancer trial data

An independent data monitoring committee has reported encouraging data from the Phase III LUNAR trial.

13/04/2021 16:30 Healthcare Gali Weinreb
Ben Gurion Airport Credit: Yossi Fatal Israel to reopen for foreign tourists next month

In the first stage, only vaccinated visitors in tour groups will be admitted.

13/04/2021 16:06 Tourism Michal Raz-Chaimovitz
Israel flag On Independence Day eve Israel's population over 9.3m

The population has grown by 1.5% or 137,000 since last Independence Day, the Central Bureau of Statistics reports.

13/04/2021 15:07 Economy Globes correspondent
Shekel-dollar ASAP Creative Leumi: NIS 3.30/$ is new normal

Bank Leumi head of market strategy Kobi Levi sees the shekel trading between NIS 3.25-3.35/$ throughout 2021, assuming the Bank of Israel continues its huge forex purchases.

13/04/2021 14:45 Market Guy Ben Simon
Containers at Haifa Port  credit: Paul Orliev Stranded containers, jammed ports presage price rises in Israel

According to Dun & Bradstreet, imports of clothing and electrical goods are especially vulnerable to supply chain disruption.

Live firing from a ship Credit: IAI IAI teams with Thales on missiles for British frigates

The Sea Serpent delivers an agile, highly penetrative, combined anti-ship and land attack capability at ranges of more than 200 kilometers.

Chen Amit  / Photo: PR Tipalti buys Approve.com in all-Israeli fintech merger

Financial terms were not disclosed. Approve provides cloud procurement solutions.

12 April 2021

Lebanon extends sovereignty over waters disputed with Israel

Energy Minister Yuval Steinitz: Unilateral Lebanese measures will be answered with parallel measures by Israel.

12/04/2021 20:27 Politics Danny Zaken
New boutique hotel opens on Tel Aviv's Allenby Street

The 20-room Assemblage Boutique Hotel near Mugrabi Square is in a converted historic building.

Teddy Sagi Group appoints Motti Peleg as Layam CEO

Peleg replaces Shay Tangi, who heads all retail activity in the Sagi Group and will now serve as Layam chairman.

12/04/2021 16:42 Retailing Globes correspondent
BlackRock in talks on Shikun & Binui investment

Talks involved a $500 million investment - $250 million in Shikun & Binui itself and $250 million in Shikun & Binui Energy, a source has told "Globes."

12/04/2021 16:24 Energy Omri Cohen
Israel's fiscal deficit narrows as economy begins recovery

Israel's fiscal deficit fell to 12.1% of GDP for the 12 months to the end of March 2021, the Ministry of Finance reports.

12/04/2021 15:40 Economy Ela Levi-Weinrib
StorageDrop appoints Gadi Eizenkot as chairman

Former IDF Chief of Staff Gadi Eizenkot will serve as chairman of the Israeli energy storage company.

12/04/2021 15:08 Energy Globes correspondent
Israeli surgical robot co Memic raises $96m

The FDA approved Hominis system is for use in single site, natural orifice laparoscopic-assisted transvaginal benign surgical procedures including benign hysterectomy.

12/04/2021 15:00 Healthcare Globes correspondent
Investment buyers flood Haifa housing market

Transactions numbers reached a peak in Haifa in the last quarter of 2020, leaving expensive Tel Aviv trailing.

12/04/2021 13:44 Real estate Arik Mirovsky
Report sees startup investment boom ending

Investment in Israeli technology startups hit record levels in the first quarter of 2021, but underlying conditions have changed, IVC says.

12/04/2021 12:49 Start ups Uri Berkovitz
Israeli agritech co Vertical Field headed for Toronto listing

Vertical Field, controlled by Michael Mirilashvili, will be merged into an acquisition vehicle at a $100 million valuation.

12/04/2021 11:37 Agritech Shiri Habib-Valdhorn
Satcom wins contract from West African country

The contract for the supply of advanced satellite systems is worth $700,000.

12/04/2021 10:13 IT Omri Cohen

11 April 2021

Amazon teams with Hebrew University on quantum computing

AWS has already chosen the key personnel to lead the collaboration with the Hebrew University of Jerusalem.

11/04/2021 18:54 IT Nevo Trabelsy
Israeli co Autotalks nears $2b valuation SPAC merger

The connected vehicles technology company is in advanced talks to list on Nasdaq, sources in Israel's auto-tech market have told "Globes."

11/04/2021 16:42 Start ups Dubi Ben-Gedalyahu
Top exec pay keeps rising in Covid year

The aggregate cost of the 100 highest paid executives at TASE companies rose 16% in 2020. Only two women make the list.

11/04/2021 14:14 Economy Aviv Levy
Fox bringing Danish variety store Flying Tiger to Israel

Fox has signed an agreement with the Danish chain's owner Zebra for the exclusive franchise to operate the Flying Tiger stores and website in Israel.

11/04/2021 13:27 Retailing Shany Moses
Record seed round brings Talon Cyber Security $26m

Israeli company Talon Cyber Security is developing security solutions designed for hybrid working.

11/04/2021 11:22 Start ups Nevo Trabelsy

08 April 2021

Israel Canada to build 450 prestige homes in Hod Hasharon

Israel Canada won a tender for 33 dunams of the Beit Hana'ara site in the west of Hod Hasharon with a bid of NIS 511 million.

08/04/2021 20:59 Real estate Guy Nardi
Public asked to comment on power industry's future

New government company System Management, charged with planning the industry's future, has published a call for proposals.

08/04/2021 19:21 Energy Guy Lieberman
Israeli fintech co TipRanks raises $77m

TipRanks provides a simplified stock research platform that makes alternative datasets accessible and visual for retail investors.

Cellebrite to list on Nasdaq at $2.4b valuation through SPAC

The Israeli company provides digital intelligence solutions to law enforcement agencies and governments.

Tel Aviv, Ra'anana office rents worst hit by Covid

Office and commercial rents further afield have been less hurt by the crisis because there is lower supply.

08/04/2021 13:53 Real estate Arik Mirovsky
Shekel gains against dollar for fifth straight session

Bank Hapoalim chief economist Victor Bahar: Opening the skies will reduce the pressure strengthening the shekel.

08/04/2021 12:44 Market Globes correspondent
Four Seasons plans first Israel hotel in Jaffa

The international chain's first Israeli hotel will be in three towers at the northern corner of Eilat Street.

08/04/2021 11:41 Real estate Guy Nardi

07 April 2021

Liquid biopsy co Nucleix raises $55m

The company's lead product EpiCheck is for the earlier detection of lung cancer.

07/04/2021 18:06 Healthcare Gali Weinreb
BoI bought $13.7b foreign currency in Q1 2021

The Bank of Israel has bought nearly half the amount of foreign currency in the first quarter that it announced it would buy in all of 2021.

07/04/2021 17:44 Economy Guy Ben Simon
Israeli open source security co WhiteSource raises $75m

Over the past three years, WhiteSource has seen a fivefold increase in customers and 800% revenue growth.

07/04/2021 17:03 Start ups Globes correspondent
Retail analytics company Trax raises $640m at $2b valuation

An estimated half of the amount raised in this round was part of a secondary offering for the purchase of Trax employees' shares.

07/04/2021 16:25 Start ups Uri Berkovitz
Israeli co Redis Labs raises $310m at over $2b valuation

The financing round in the database software company included a $200 million secondary transaction.

07/04/2021 16:04 Start ups Globes correspondent
Qualitest acquires Israeli co Comply for over NIS 50m

Comply will reinforce the US software testing and quality assurance company in the medical technology testing market.

21 Israelis make Forbes 2021 billionaires list

Stef Wertheimer ranked 432 with a fortune worth $6.2 billion is the country's richest person.

07/04/2021 15:25 Economy Johnathan Tsuria
Tax compliance co Blue dot raises $32m

Blue dot's technology digitizes an expensive, complex and risky process, removing the burden from finance teams.

07/04/2021 14:26 Start ups Globes correspondent
Cofense buys Israeli phishing protection co Cyberfish

The US phishing detection and response company will make Beersheva-based Cyberfish its Israel development center.

Bezeq Int'l execs refusing to repay bonuses

The executives who were mistakenly paid bonuses due to an accounting error will fight the matter in the courts if necessary.

07/04/2021 13:20 Market Gad Perez
Formula Systems acquires Zap Group for NIS 240m

Zap Group is Israel's largest consumer website company, with more than 20 websites that have over 17 million monthly visitors.

Migdal Capital Markets continues to lead mutual funds growth

In the year to the end of March, Israel's mutual funds took in NIS 30 billion; Migdal Capital Markets' market share grew by 34%.

07/04/2021 11:22 Financial services Ron Stein

06 April 2021

Ex Sodastream CEO faces indictment for insider trading

Daniel Birnbaum allegedly passed on information to Ayala Sara Cohen about SodaStream's imminent acquisition by PepsiCo.

06/04/2021 19:19 Legal Chen Ma'anit
IMF raises Israel growth forecast for 2021

The International Monetary Fund sees 5% growth in 2021, rising inflation, and is optimistic on unemployment.

06/04/2021 18:09 Economy Guy Ben Simon
Shekel gains as IMF raises Israel growth forecast

The IMF has revised Israel's growth forecast for 2021 upwards from 4.1% to 5%.

06/04/2021 17:06 Economy Globes correspondent
Etihad Airways inaugurates Tel Aviv - Abu Dhabi route

Etihad will initially offer two weekly flights between the UAE and Israel.

06/04/2021 16:34 Tourism Globes correspondent
Tel Aviv Sarona Landmark project expansion approved

The size of the two towers has now been increased from 112,000 square meters to 166,000 square meters.

06/04/2021 16:07 Real estate Guy Nardi
Israeli big data analytics co Upsolver raises $25m

The company has developed a no-code data lake engineering platform for agile cloud analytics.

06/04/2021 15:00 Start ups Globes correspondent
EMK buys Israeli co Cardo Systems for $150m

The European private equity fund is buying the motorcycle Bluetooth communications headset developer from Fortissimo and founder Abraham Glezerman.

BoI: Covid-19 damage to economy 4 times sub-prime

The Bank of Israel is especially concerned at the unemployment rate, and says fiscal policy must be brought under control.

06/04/2021 13:19 Economy Guy Ben Simon
President Rivlin tasks Netanyahu with forming government

Rivlin: It is the job of the Knesset to decide on the ethical issue and if a candidate with an indictment can form a government.

06/04/2021 13:08 Politics Shirit Avitan Cohen
Innoviz completes SPAC merger, begins Nasdaq trading

The Israeli lidar laser sensors for cars developer starts trading at a company valuation of $1.4 billion.

06/04/2021 12:39 IT Shiri Habib-Valdhorn
Itzik Benbenisti steps down as Partner CEO

"After I have accomplished the missions I set for myself, it is time for a new path."

06/04/2021 09:57 Market Gad Perez

05 April 2021

Covid-19 still dwindling in Israel as schools reopen

There is serious concern that the return to school today after the Passover vacation will spark a rise in cases.

05/04/2021 21:00 Healthcare Shani Ashkenazi
DraftKings acquires Israeli gamification co BlueRibbon

The US sports betting company will integrate and expand BlueRibbon's Tel Aviv office.

Israel Biotech Fund closes $112m second fund

IBF focuses on investments in drug development and medical diagnostics companies in all stages.

05/04/2021 18:05 Healthcare Gali Weinreb
Delek Drilling in talks to sell Tamar stake for $1.1b

Delek Drilling is obligated to sell its 22% stake in the Israeli offshore gas field by the end of the year.

05/04/2021 17:27 Energy Guy Lieberman
Average salary in Israel up 10.5% in January

The average monthly salary in Israel in January 2021 was NIS 11,953, but hundreds of thousands of employees in low paid sectors were furloughed.

05/04/2021 15:29 Economy Guy Ben Simon
ICL signs 600,000 ton Indian potash contract

The agreed selling price in the contract is $280 per ton, $50 per ton above the previous contract.

NANO-X wins FDA clearance for single-source digital x-ray

The Israeli company remains on track and expects to submit an application to the FDA for its multi-source Nanox.ARC and the Nanox.CLOUD in 2021.

05/04/2021 14:18 Healthcare Gali Weinreb
Hot upgrading subscribers to 500 Mbps Internet

Subscribers with appropriate routers can obtain the higher surfing speed at no extra cost.

05/04/2021 11:28 Market Gad Perez
InterCure teams with Austrian co to market cannabis products

The company, MediCann, will invest €10 million into the InterCure Austrian subsidiary, which will be 51% owned by InterCure.

05/04/2021 08:17 Healthcare Gali Weinreb
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