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13 January 2025

Alterya founders Elad Fouks and Shahaf Gonen credit: Oron Kaplan US co Chainalysis buys Israeli fraud detection co Alterya

The New York-based blockchain giant will pay $160 million for its second Israeli acquisition.

Tower CEO Russell Ellwanger  credit: Inbal Marmari Tower flourishes after Intel deal cancellation

Tower Semiconductor's share price has risen almost to the price at which Intel was due to acquire it in 2022, handily outperforming the sector.

13/01/2025 16:08 IT Shiri Habib-Valdhorn
Herzliya credit: Shutterstock Herzliya top, Bat Yam bottom for quality of life

Herzliya has the best quality of life of Israel's 18 biggest cities, the Central Bureau of statistics reports, overhauling Kfar Saba, which was in top spot last year.

13/01/2025 15:42 Economy Arik Mirovsky
Arkia credit: Arkia Arkia teams with Tech-Air to launch New York flights

"Globes" reveals the fares and schedules of the Tel Aviv - New York flights that Arkia and Tech-Air will operate between February and May 2025.

13/01/2025 14:30 Tourism Stav Livne
Nvidia Grace Blackwell processor  credit: Nvidia Biden includes Israel in graphics processor export restrictions

Israel is one of a group of countries that will have to obtain US government approval to import the advanced processors that are at the basis of AI and supercomputers.

13/01/2025 14:10 Politics Assaf Gilead
Finance Minister Bezalel Smotrich credit Danny Shem Tov, Knesset Spokesperson Israel's fiscal deficit falls below 7%

The deficit for the twelve months to the end of December 2024 was 6.9% of GDP or NIS 136.2 billion, the Ministry of Finance reports.

13/01/2025 13:47 Economy Oren Dori
Manikay Partners managing partner Shane Finemore  credit: Gil Gibli Little-known hedge fund makes NIS 700m gain on TASE shares

The Tel Aviv Stock Exchange has bought back 4.82% of its shares from Manikay Partners, which bought 20% of it in 2018, before its flotation.

13/01/2025 12:20 Market Hezi Sternlicht
El Al credit: El Al PR El Al stock keeps rising even as war winds down

The Israeli airline's share price has risen 40% over the past month, as US carriers seem in no rush to resume Tel Aviv flights.

13/01/2025 07:03 Tourism Netanel Ariel

12 January 2025

Isrotel to open five new hotels in 2025

Following the addition of the new hotels the chain will have 28 hotels around Israel.

12/01/2025 20:36 Tourism Stav Livne
Tel Aviv penthouse sold for NIS 20m

A penthouse under construction as part of a historical building at 6 Kaplan Street in Tel Aviv has been sold for NIS 20 million in bare shell form.

12/01/2025 16:27 Real estate Anat Daniely Lev
Intel to spin off RealSense as Israel-based startup

The 3D depth camera division is based on the acquisitions of Israeli startups Omek Interactive and Invision Biometrics.

12/01/2025 14:43 Start ups Assaf Gilead
Ryanair to resume Israel flights if Terminal 1 reopens

Ryanair senior executive Eddie Wilson has announced that the low-cost Irish carrier plans returning to full operations in Israel in the summer.

12/01/2025 14:15 Tourism Stav Livne
Apartments sold and rented

A selection of recent real estate deals in Israel in Givatayim, Netanya, Modi'in, Rehovot, Hatzor Haglilit and Ofakim.

12/01/2025 13:44 Real estate Hilit Yanai-Levison
Tech cos cut down on employee options - study

While salaries continue to rise in Israel's tech industry, the number of options distributed by employers has fallen dramatically, altshare finds.

12/01/2025 13:06 Start ups Assaf Gilead
Plan for Metro station surrounds seen sparking construction rush

National Outline Plan 70 covering the areas around Metro stations in Gush Dan provides the certainty that real estate developers have been craving.

12/01/2025 12:54 Real estate Yuval Nisani

09 January 2025

Levin, Sa'ar present judicial overhaul compromise

The plan makes only a minor change to the composition of the Judicial Selection Committee, and covers the scope of basic laws and judicial review of legislation.

09/01/2025 17:53 Politics Nitsan Shafir
Wiz appoints CFO with IPO on the horizon

The Israeli cybersecurity company says Fazal Merchant will "ensure IPO readiness."

09/01/2025 17:01 IT Assaf Gilead
Elad Software Systems files for TASE IPO

The IT services company is seeking to raise NIS 120 million.

Elbit wins $60m European counter drone deal

The ReDrone modular, multi-sensor, and multi-mission system is part of Elbit’s advanced EW, Radars, and SIGINT portfolio.

Japan's Kaneka buys Israeli co EndoStream Medical

The Or Akiva-based medical device company is developing the Nautilus device for aneurysm treatment.

09/01/2025 10:17 Healthcare Gali Weinreb
Israeli AI-chip co Element Labs aims to rival tech giants

Billionaire Avigdor Willenz's latest startup has adopted a strategy that has put it on a path to rival chip giants like Broadcom, Marvell and indirectly Nvidia.

09/01/2025 06:53 Start ups Assaf Gilead

08 January 2025

Israel rises in world passport strength rankings

Israel's passport has risen from 24th place in recent years following the Abraham Accords, and the US decision to allow Israel to join the visa waiver program, Henley and Partners reports.

08/01/2025 17:42 Economy Assaf Uni
El Al adds flights to European cities after Moscow suspension

El Al has increased its number of weekly flights: to Paris from 23 to 25; to Vienna from five to six; to Frankfurt from six to eight; to Zurich from seven to nine; and to Munich from five to six.

08/01/2025 16:45 Tourism Stav Livne
US analysts list Teva, Wix in 2025 top picks

Bank of America has raised Teva's price target to $26 per share and Cantor Fitzgerald has raised Wix's price target to $260 per share.

08/01/2025 15:24 Healthcare Shiri Habib-Valdhorn
Minister rejects abolition of commuting injury benefit

Minister of Labor Yoav Ben–Tzur declares that will not adopt the inter-ministerial committee's recommendation to end recognition of accidents to and from work as work accidents.

08/01/2025 14:26 Financial services Amiram Gil
Shekel weakens sharply against US dollar

The dollar is strengthening worldwide after reports in the US that President elect Donald Trump will declare a national economic emergency to provide legal justification for his new tariff program.

08/01/2025 14:16 Market Globes correspondent
Haredi recruitment to IDF down 36% in a decade

According to the Israel Democracy Institute, the number of haredi yeshiva students rose 86% in the same period, while the number studying for a first degree doubled.

08/01/2025 13:53 Economy Idan Eretz
Paving new bus lanes slows to a crawl

Over the past two years the Transport Ministry has fallen far short in meeting targets for new bus lanes and reducing road accident deaths.

Allied Group to pay Amir Shaltiel NIS 200m for Metropolis stake

Metropolis carries out urban renewal projects in central Israel. The deal values it at NIS 800 million.

08/01/2025 12:05 Real estate Yuval Nisani
Abolish benefits for injuries on way to work, c'ttee says

An inter-ministerial committee recommends that accidents on the way to and from work should no longer be recognized as work accidents.

08/01/2025 11:24 Financial services Amiram Gil

07 January 2025

Innoviz teams with Nvidia on perception software

Innoviz says that the collaboration represents a major leap forward in the car industry's transition to AI-based systems and higher performance.

07/01/2025 19:24 IT Shiri-Habib-Valdhorn
New interchange to cut journey time to Ben Gurion airport

The new interchange will have three bridges linking it to Road 1 and an entrance to the airport with nine lanes for security checks on cars.

Israeli startups encourage employees to sell shares

In a clear sign that tech companies have come to terms with lower valuations, employees are being urged to sell shares, even at a big discount. "Globes" investigates.

07/01/2025 17:14 Start ups Meytal Vaizberg
Elbit wins German army PULS artillery system tender - report

The €65 million procurement will be delivered by the Israeli defense electronics company in cooperation with German-French company KNDS, "Defense News" reports.

BoI governor sees interest rate cut only in second half

Governor of the Bank of Israel Amir Yaron: Inflation hurts the weaker sections of the population more.

07/01/2025 12:17 Economy Aharon Katz

06 January 2025

Pomvom secures NIS 19.7m in private placement

The offering by the Israeli company, which has developed digital experiential documentation in amusement parks was led by the provident and mutual funds of Mor Investment House and the mutual and hedge funds of IBI.

06/01/2025 18:49 IT Globes correspondent
Arbe Robotics jumps on Nvidia collaboration

The Israeli auto-tech chip company will work with Nvidia to enhance free space mapping and AI-driven capabilities to further advance the automotive industry.

06/01/2025 17:54 IT Shiri Habib-Valdhorn
BoI keeps rate unchanged, raises growth forecast

This is the eighth successive time that the Bank of Israel Monetary Committee has left the interest rate unchanged.

06/01/2025 16:11 Economy Maya Levin
SolarEdge lays off another 400 employees

While the previous rounds of layoffs were carried out by the then CEO Zvi Lando, the current round is being led by new CEO Shuki Nir.

06/01/2025 15:51 Energy Shiri Habib-Valdhorn
CyberArk reaches all-time high market cap

Analysts still rate the cybersecurity company, the fourth most valuable Israeli company on Wall Street, as underpriced.

06/01/2025 13:52 IT Shiri Habib-Valdhorn
SuperCom shares soar 134% in a week

The company reported winning two contracts for its public safety solutions in Kentucky.

06/01/2025 13:46 IT Shiri Habib-Valdhorn
Law firms APM and Dr. Eyal Bressler merge

Dr. Eyal Bressler & Co. specializes in intellectual property, and will expand Amit Pollak Matalon's services to include patents registration.

Bank of Jerusalem renews bid for Isracard

The bank claims that its new offer is better for Isracard shareholders than the agreement just signed with Delek Group.

Airlines not rushing back to Israel despite impending law change

Many foreign airlines made reduced compensation for delayed and canceled flights the condition for their return, but the security situation appears to be weighing more.

06/01/2025 11:18 Tourism Stav Livne

05 January 2025

Gov't threat ends Ashdod Port strike within hours

The Treasury and the Transport Ministry told the workers that, unless they returned to work immediately, the privately owned ports would be allowed to use additional quays.

Greece close to buying Elbit rocket launchers - report

According to Greek newspaper "Kathimerini", the deal will amount  to €500-700 million.

Biden gov't plans $8b military aid package for Israel

Military aid of this scope will require approval by both houses of Congress.

Strike shuts Ashdod Port

The strike is over the hiring of temporary workers. Meanwhile, long queues of ships are building up outside Israel's ports.

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