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19 September 2021

Yoaz Hendel credit: Eyal Margolin Israeli ISP-infrastructure split to end March 2022

The Ministry of Communications has approved the agreement reached between Bezeq and the Internet Service Providers.

19/09/2021 13:47 Market Gad Perez
Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Rehovot, Be'er Yaakov, Harish, Kiryat Motzkin, Tiberias, and Sderot.

Keter factory in Karmiel  credit: Keter Keter Plastic files for NYSE IPO

The Israeli house and garden plastic products company seeks a valuation of $2-2.5 billion.

Pagaya founders Photo: Roy Perry Legal move threatens Pagaya SPAC merger

Two US law firms are examining whether the deal over-dilutes EJF Acquisition Corp.'s shareholders.

15 September 2021

Fintech co Pagaya announces $8.5b valuation SPAC deal

The Israeli company, which has developed an AI platform for analyzing credit applications, will receive $288 million from EJF Acquisition Corp's cash in trust plus $200 million in PIPE financing.

Israel and EU reach reciprocal Covid passport agreement

Joining the EU's digital Covid certificate program will ease travel between Israel and the EU and could renew incoming tourism.

15/09/2021 16:25 Healthcare Danny Zaken
Health incentive life insurance co Sproutt raises $26m

The Israeli company has developed a predictive life insurance that rewards healthy behavior.

Israeli fintech co Pagaya set for $9b SPAC deal - report

Pagaya, which has developed an AI platform for analyzing credit applications, is to merge with EJF Acquisition, "The Wall Street Journal" reports.

15/09/2021 09:32 Start ups Globes correspondent

14 September 2021

CPI up 0.3% in August, housing prices up 1.3%

The Consumer Price Index has risen 2.3% since the start of 2021, while housing prices have risen 8% over the past year.

14/09/2021 18:51 Real estate Guy Ben Simon
Mizrahi Tefahot sells properties to Mivne for NIS 530m

Most of the assets were formerly branches of Union Bank, with which Mizrahi Tefahot merged last year.

Israeli payments platform Melio raises $250m at $4b valuation

The Israeli B2B platform for small businesses has tripled its valuation since its last financing round in January.

14/09/2021 15:00 Start ups Globes correspondent
Israeli AI construction optimization co Versatile raises $80m

Since its 2019 launch, CraneView has been adopted by over 40% of the leading general contractors in North America.

Israelis had smaller and fewer overdrafts in August

In August 2021 the average overdraft for an Israeli family was NIS 11,216, 2.3% smaller than in July.

14/09/2021 13:00 Economy Eti Aflalo
ISA probing Tzrifin logistics park sale

Losing bidders in the auction have alleged possible conflicts of interest on the part of directors of the pension fund selling the site.

14/09/2021 12:33 Real estate Omri Cohen
Leumi sees shekel appreciating rapidly

Bank Leumi strategist Kobi Levi: The basic conditions of the Israeli economy clearly point to a strengthening of the shekel.

14/09/2021 11:23 Economy Globes correspondent
Bennett, Al-Sisi discuss deepening cooperation

Prime Minister Naftali Bennett described his meeting with Egypt's President Abdel Fatah Al-Sisi as "very important and very good."

14/09/2021 10:52 Economy Danny Zaken
Bnei Zion residents petition court against Google data center

Residents say the Hof HaSharon Regional Council did not consider environmental and health issues when granting approval.

14/09/2021 07:20 Real estate Assaf Gilead

13 September 2021

Siris Capital in talks to buy Radware for $1.7b - report

The US private equity firm is negotiating to acquire the veteran Tel Aviv-based cybersecurity company, CNBC reports.

Kape buys VPN provider ExpressVPN for $936m

The Israeli cybersecurity company says the acquisition will help it define the next generation of privacy and security protection tools and services.

Rafael's Drone Dome secured G7 UK summit

The Israeli company's protection system locates, identifies and neutralizes threats from drones and UAVs with hard kill and soft kill capabilities.

13/09/2021 18:06 Aerospace & defense Danny Zaken
Israel's fiscal deficit narrows to 8%

The cumulative fiscal deficit in Israel for the twelve months to the end of August 2021 narrowed to 8% of GDP, or NIS 116.9 billion, down from 9.2% at the end of July.

13/09/2021 17:12 Economy Guy Ben Simon
Israel's Planck teams with Japanese insurance giant Sompo

Planck’s AI-based platform gathers publicly available data about businesses and applies machine learning to generate insights, allowing insurance companies to more accurately assess risks.

JFrog buys Israeli remote device management co Upswift

Upswift has developed a management platform for remote updates of IoT devices by developers is led by two 27 year-olds.

David Ezra amasses NIS 700m from Neto in three years

In his most recent deal, Ezra, who remains in control of Neto ME Holdings, sold a further stake at double the market price.

13/09/2021 15:26 Market Aviv Levy
Bat Yam most popular as new home sales hit all-time high

15,220 new homes were purchased between May and July 2021, an unprecedented quarterly figure, the Central Bureau of Statistics reports.

13/09/2021 14:59 Real estate Arik Mirovsky
Elbit Systems wins unmanned anti-submarine vessels deal

The Israeli defense electronics company has won contracts worth $56 million to deliver the vessels to an Asian-Pacific country.

13/09/2021 14:20 Aerospace & defense Danny Zaken
BitSight buys Israeli cyber risk assessment co VisibleRisk

VisibleRisk was founded in 2019 as a collaboration between Israel venture group Team8 and Moody's, who have invested $30 million in the company to date.

13/09/2021 13:54 Mergers & acquisitions Ofir Dor
IAI launches Rex Mk II autonomous combat vehicle

The Rex Mk II is capable of dealing with especially difficult terrain, and is equipped with movement-detecting radar systems and smart cameras.

13/09/2021 12:35 Aerospace & defense Danny Zaken
Israeli sleep diagnostics co Itamar Medical sold for $538m

The buyer, ZOLL Medical, is paying a 50% premium over Itamar Medical's share price before the announcement.

13/09/2021 10:21 Healthcare Globes correspondent
Umm al-Fahm to gain 15,000 homes

The project, which will cost some NIS 800 million, is part of the first ever roof agreement applying to an Israel Arab town.

13/09/2021 09:56 Real estate Guy Nardi
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