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18 September 2019

Ruby Rivlin Four scenarios for forming the next Israeli government

Who will be charged with putting together a ruling coalition? A lot will depend on President Reuven Rivlin.

18/09/2019 18:15 Politics Tal Schneider
Dadi Segal Herodium raises NIS 17.5m ahead of Panaxia merger

Most of the money was raised from Canadian fund Murchinson Financial Services.

18/09/2019 16:52 Healthcare Gali Weinreb
Lior Lamesh and Shahar Shamai  / Photo: Osnat Krosnansky Blockchain deals without Internet co GK8 raises $4m

The Israeli company's technology is already securely managing digital assets for clients such as the social trading and multi asset brokerage company eToro.

Zvika Netter  / Photo: Innovid Israeli video ad co Innovid buys Argentinean co Herolens

Innovid is reportedly paying $30 million for Herolens, which is the largest creative management platform in Latin America.

Harel Wizel Photo: Shlomi Yosef Fox in talks to open Foot Locker - Nike stores in Europe

Fox-Wizel is negotiating for a franchise for Nike and Foot Locker stores in European countries.

18/09/2019 15:08 Retailing Shany Moses
Wizz Air  plane photo: Shutterstock Tourism Ministry pays airlines NIS 50m for new routes

Airlines received €1.25 million in grants for new routes from China in 2017-2018, fewer tourists visited Israel from China in 2018 than in 2017.

18/09/2019 14:22 Tourism Michal Raz-Chaimovich
Shekel  / Photo: Shutterstock Shekel weaker after inconclusive election

The shekel is weaker even though the US Fed is expected to cut interest again today and narrow the rate gap between the dollar and the shekel.

18/09/2019 11:04 Market Globes correspondent
Yona Fogel Paz CEO to step down over dispute with chairman

Yona Fogel is in dispute with the Israeli fuel company's chairman Avraham Bigger over plans to spin off real estate activities.

18/09/2019 09:33 Energy Globes correspondent
Tel Aviv's Carmel Market Tel Aviv neighborhood ranked among world's coolest

"Time Out" has named Tel Aviv's Kerem Hataimanim and Shuk Hacarmel in 15th place as the coolest neighborhoods to visit right now.

18/09/2019 08:38 Tourism Simon Griver
Benjamion Netanyahu and Benny Gantz With 90.3% of votes counted, Blue & White edges ahead

Benjamin Netanyahu's Likud and Benny Gantz's Blue & White will find it hard to form a coalition without each other.

17 September 2019

Mobileye appoints former VW VP to head robotaxis

The Mobility as a Service driverless taxi project is due to begin commercial for profit operations in Tel Aviv by 2023.

17/09/2019 19:36 IT Dubi Ben-Gedalyahu
Teva enters Israel's cannabis market

Teva's Israeli logistics unit S.L.E. has signed an agreement to distribute Canndoc's medical cannabis products in Israel.

AI genetic consultancy co iGentify raises $10.5m

The Israeli company creates accessible and actionable genomic data to enable every individual to leverage their genetics.

17/09/2019 08:45 Healthcare Gali Weinreb

16 September 2019

Netanyahu or Gantz: Next gov't will raise taxes, whoever wins

The politicians all say that taxes will not be raised, but former senior Ministry of Finance officials tell "Globes" that VAT, income tax and corporate tax will all be hiked.

16/09/2019 18:46 Economy Amiram Barkat
Eight startups reach The Pitch final

The startups in Wednesday's final, part of the Journey conference in Tel Aviv, are in fields as diverse as food proteins and search engines.

16/09/2019 16:37 Healthcare Omri Zerachovitz
Fortissimo raising over $500m for 5th fund

The Israeli private equity fund specializes in investments in tech and industrial companies associated with Israel.

16/09/2019 16:29 Economy Shai Shalev
WFF launches 5th Israeli women's startup course

The program includes senior women high-tech mentors, product strategy training, help in financing rounds and marketing, and advice for hiring.

16/09/2019 16:04 Start ups Yasmin Yablonko
Amazon Go rival Trigo raises $22m

The Israeli company is developing a system for check-out free stores so that grocery retailers can compete with Amazon Go.

16/09/2019 15:40 Start ups Yasmin Yablonko
4 chains bidding to buy Yenot Bitan branches

Negotiations have been held with Rami Levy, Yochananof, Shufersal's Be and Shuk City.

Israel's economy grew at 3.6% in H1 2019

According to the Central Bureau of Statistics' second estimate, the economy grew by 3.6% on an annualized basis in the first half of 2019.

16/09/2019 14:01 Economy
Amazon signs exclusive delivery agreement with Israel Post

The agreement is expected to boost Israel Postal Company's annual revenue by tens of millions of shekels.

Elbit Medical negotiating early exit from Insightec

An existing investor in Insightec could buy Elbit Medical's stake in the company.

16/09/2019 11:57 Healthcare Globes correspondent
Cannbit set to buy Tikun Olam for half asking price

Cannbit CEO Ifat Kariv: The deal positions Cannbit as a genuine leading company active along the whole cannabis value chain.

16/09/2019 10:18 Healthcare Globes correspondent

15 September 2019

Intel inaugurates world's smartest building in Petah Tikva

The building was engineered and programmed according to the behavioral patterns and needs of 2,700 employees.

CPI up 0.2% in August, home prices fell

Israel's Consumer Price Index rose 0.2% last month, with housing prices falling after months of rises.

15/09/2019 18:44 Real estate Amiram Barkat
Regulator dissatisfied with Gazit-Globe- Atrium deal

Capital Market commissioner Dr. Moshe Bareket demanded details about the decision-making process for the deal at Menorah Mivtachim and Phoenix Insurance.

Treasury plans canceling VAT exemption on online imports

The cancellation of the exemption on imports up to $75 would ease the budget deficit and help retailers and shopping malls, but would hit consumers hard.

Remagine raises $35m startup investment fund

The fund focuses on early-stage investments in entertainment companies in Israel and the UK.

15/09/2019 16:26 Start ups Yasmin Yablonko
BoI warns on National Insurance Institute bankruptcy

The Bank of Israel says that if the government does not inject money before 2050, then old age allowances will have to be cut by 40%.

15/09/2019 16:20 Economy Amiram Barkat
Elbit completes acquisition of Harris Night Vision

Elbit announced the $350 million acquisition six months ago and has raised NIS 665 million in a private placement with institutional investors in order to finance the acquisition.

Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Rishon Lezion, Hod Hasharon and Netanya.

447 Jerusalem homes approved near Ramat Rachel

Construction is slated for the eastern side at the southern end of Hebron Road and includes commercial, office and public buildings.

15/09/2019 12:40 Real estate Guy Nadri
Generation Capital raises NIS 525m

The offering more than doubles energy and infrastructure fund Generation Capital's shareholders' equity.

Leading Israeli cannabis cos bid for Tikun Olam

Yitzhak Cohen, who is being forced to the sell the company because of his alleged links with organized crime, is asking $100 million.

15/09/2019 12:12 Healthcare Gali Weinreb
Regulator approves Dov Kotler as Hapoalim CEO

Supervisor of Bank Hedva Ber has stipulated a cooling off period for Kotler in relation to dealings with Isracard.

15/09/2019 11:30 Financial services Ron Stein

12 September 2019

IDB group names Eran Saar CEO

Saar was previously CEO of real estate and energy group Equital.

12/09/2019 20:50 Market Omri Cohen
Latest polls show Likud pulling ahead

Benjamin Netanyahu's "the sky is falling" campaign appears to be succeeding in luring voters from the right-wing parties.

12/09/2019 17:46 Politics Shlomit Ravid
FIMI to increase Amiad Filtration Systems stake to 46%

FIMI is in talks to invest NIS 100 million more in the kibbutz company, at 10% below the current market price.

12/09/2019 16:02 Market Shiri Habib-Valdhorn
IAI ELTA OTH maritime surveillance radar now operative

The breakthrough Over-the-Horizon (OTH) radar version has a range of 200 nautical miles and beyond.

Warburg Pincus to invest $8m in Cyren rights offering

Israeli cybersecurity company Cyren has announced a rights offering to raise up to $12.5 million.

12/09/2019 14:21 IT Shiri Habib-Valdhorn
Tshuva's Elad Canada to raise NIS 435m TASE bond

The bonds will be backed by a senior lien on Elad Canada's rights in a property called Galleria.

12/09/2019 14:10 Real estate Omri Cohen
Facebook suspends Netanyahu's chat bot over hate speech

The bot sent out the message: we cannot have a dangerous left-wing government with Lapid, Odeh, Gantz and Liberman… A secular left-wing weak government that relies on Arabs who want to destroy us all.

12/09/2019 13:04 Politics Tal Schneider
Israeli phone as diagnostic device co Healthy.io raises $60m

The company has also received FDA clearance for its smartphone-based chronic kidney disease diagnostic test.

Real-time big data co ScyllaDB raises $25m

The Israeli company will use the new funds to offer a better, faster open source alternative to Amazon DynamoDB.

12/09/2019 08:54 Start ups Globes correspondent
Hapoalim to offer discounts to Amazon customers

Amazon has signed an agreement with the Israeli bank, which will offer a $30 discount for customers purchasing more than $90 on the website.

12/09/2019 06:44 Financial services Shany Moses
Haifa to restrict high-rise building to protect Carmel view

Mayor Einat Kalisch-Rotem has unveiled her vision of doubling the city's population without blighting the view from Mount Carmel.

12/09/2019 06:12 Real estate Arik Mirovsky

11 September 2019

IAI ELTA unveils CARMEL ground combat vehicle

The vehicle program focuses on enhanced AI, autonomous and automatic capabilities for combat scenarios including in urban evironments.

Israeli 3D meat printer co Redefine Meat raises $6m

Redefine Meat is developing plant-based animal-free meat using proprietary industrial 3D printers.

El Al's punctuality ranking remains woeful

El Al's punctuality was ranked 39 among 42 airlines in August and 41 among 43 airlines in July, Flightstats reports.

11/09/2019 16:52 Tourism Michal Raz-Chaimovich
Data science platform co Explorium raises $19m

Explorium CEO: We are doing for machine learning data what search engines did for the web.

11/09/2019 16:00 Start ups Globes correspondent
iPhone 11 Israel release date and prices published

The basic iPhone 11 has a 6.1 inch screen, two cameras, a longer life battery and an emphasis on facial recognition technology.

Yes to launch switch to Internet in November

The service will be launched initially through Apple TV, and an Android solution will be launched in the second stage.

11/09/2019 13:18 Market Gad Perez
Shekel depreciation continues

The Israeli currency is firmly back in the NIS 3.50-3.60/$ range where it has been trading for most of 2019.

11/09/2019 13:03 Market Globes correspondent
Elbit unveils wearable technologies for infantry

Elbit's expanded DOMINATOR warrior combat suite includes four devices that integrate seamlessly with radio systems and Battle Management Systems.

AI drone fleet co vHive raises $5.5m

The Israeli company has developed a software solution that enables enterprises to digitize their field assets and operations using autonomous drone hives.

Gett moves towards profit, sees IPO in 2020

Gett: In Britain and Israel, Gett is the first company in the ride hailing sector that is moving to profitability.

11/09/2019 08:12 Start ups Omri Cohen

10 September 2019

McDonald's buys voice AI co Apprente

The startup's voice-based AI conversational technology will be used in drive-thru restaurants.

Electra wins Modi'in-Rishon railway tender

When it is completed in 2025, it will mark the completion of a railway ring around the greater Tel Aviv area.

Jerusalem wins tenders for 2 huge incentive tour groups

In the coming weeks, 8,300 employees of two major companies will visit Israel - double the number of Eurovision Song Contest tourists.

10/09/2019 18:34 Tourism Michal Raz-Chaimovich
Israeli cyber risk modeling co Kovrr raises $5.5m

Kovrr is pioneering the use of AI to transparently predict and price cyber risk.

Baxter buys Israeli co Cheetah Medical for $230m

With offices in Boston and Tel Aviv, Cheetah provides non-invasive fluid management monitoring technologies.

Elbit wins $38m British army training deal

Elbit Systems UK Ltd. will supply comprehensive joint fires simulation training (JFST) artillery systems to the UK's Ministry of Defense.

Compostable packaging co TIPA raises $25m

TIPA CEO: We founded TIPA with the vision of offering sustainable packaging solutions that break down and return to nature.

Open source security platform Snyk raises $70m

The Israeli company's system protects the full application lifecycle from code to deployed application.

10/09/2019 14:33 Start ups Yasmin Yablonko
Teva to merge communications into HR

Outgoing EVP Communications Iris Beck-Codner's department will be merged into Human Resources under EVP Mark Sabag.

10/09/2019 14:00 Healthcare Shiri Habib-Valdhorn
Israel Chemicals to invest $50m in bromine plant

The company expects extra annual revenue of $110 million from the expanded capacity at its Dead Sea plant.

IAI to pay state highest dividend in a decade

The Israel Aerospace Industries board has approved a dividend of NIS 140 million, following improved second quarter results.

Tshuva, Gabay sell US real estate co for $1.85b

Star, in which Yitzhak Tshuva and Yakir Gabay own equal shares, is active in income-producing residential real estate in the southern US.

10/09/2019 10:39 Real estate Kobi Yeshayahou
Softbank asks WeWork to halt IPO

According to a report in "The Financial Times", WeWork's largest investor has put the company's flotation in doubt.

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