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16 August 2018

Aeronautics UAV Photo: PR Aeronautics rejects Rafael, Stolero acquisition offer

The Israeli drone manufacturer says that the NIS 430 million offer is too low.

Bank Hapoalim Photo: Tamar Matsafi Bank Hapoalim freezes Q2 dividend payment

The bank reported record profit in the second quarter and has agreed with the Bank of Israel to suspend its dividend payment to help cover any fine from the US tax probe.

16/08/2018 09:42 Financial services Irit Avissar

15 August 2018

Home Price Index rises, July CPI unchanged

The May-June index reading indicates that home prices in Israel are again rising. Inflation remains within the target range despite a lower than expected Consumer Price Index in July.

15/08/2018 19:03 Real estate Amiram Barkat
Billionaire offers to help stage Eurovision in Israel

Sylvan Adams has already brought one major international event to Israel - the Giro d'Italia bicycle race.

15/08/2018 18:14 Economy Anat Bein-Leibovitz
Mey Eden halts bottling from contaminated spring

However, the mineral water company says it is business as usual from its Katzrin spring.

15/08/2018 17:39 Water Shany Moses
Fewer Israeli startups opening, more closing down

At the same time, the amount of capital that startups are raising is increasing, reports Startup Nation Central.

15/08/2018 17:12 Start ups Tal Shahaf
Israeli cloud security co Twistlock raises $33m

The Twistlock platform replaces multiple outdated layers of security.

15/08/2018 16:17 Start ups Yasmin Yablonko
ShanghaiRanking: 2 Israeli universities in top 100

The Technion has been among the top 100 for seven consecutive years.

15/08/2018 15:03 Economy Omri Zerachovitz
Tene Fund buys 50% of Huliot from Kibbutz Sde Nehemia

The fund will pay the kibbutz NIS 70 million and inject NIS 30 million into the company.

IceCure begins eliminating cancer by freezing in Israel

In the coming month, Elisha Hospital in Haifa will start implementing IceCure's treatments for eliminating benign breast tumors and cancerous kidney tumors.

First Int'l Bank profit up 45% in Q2

The sale of the Bank Otsar Hahayal's offices boosted First International Bank's return on equity.

15/08/2018 12:35 Financial services Irit Avissar
Partner's profit continues to shrink

Partner's television service which surpassed 100,000 subscribers, helped boost its revenue from landline services.

15/08/2018 12:07 Market Gad Perez
Shekel gains continue as quiet returns to Gaza border

The shekel has benefitted from reports that Prime Minister Benjamin Netanyahu met with Egyptian President Abdel Fattah el-Sisi to promote a ceasefire between Israel and Hamas.

15/08/2018 11:50 Market Simon Griver
Discount Bank to lay off 200, sharp rise in profit

Discount Bank's good second quarter results helped it substantially reduce its provisions for credit losses

15/08/2018 11:35 Financial services Irit Avissar
El Al sinks to loss due to higher fuel costs

El Al's market share of passengers to and from Ben Gurion airport shrank to 26.7% in the second quarter of from 29.5% in the corresponding quarter of 2017.

15/08/2018 10:53 Tourism Aviv Levy
Buffett's Berkshire Hathaway again increases Teva stake

Berkshire Hathaway now holds 43.25 million shares in the Israeli pharmaceutical company, worth nearly $1 billion.

15/08/2018 08:08 Healthcare Simon Griver

14 August 2018

Xiaomi opens first Israel store

The Chinese brand today opened its first store in Dizengoff Center in Tel Aviv.

14/08/2018 21:20 Retailing Michal Raz-Chaimovich
Compromise reached on financing Eurovision in Israel

Kan will take a loan in order to deposit the guarantee required by the European Broadcasting Union.

Economist: Tel Aviv ranked 76th city for quality of life

The Israeli city was dragged down in the rankings by its poor score on personal safety because of the fear of military conflict and terror attacks.

14/08/2018 16:46 Economy Michal Raz-Chaimovich
IAI to provide missiles for Israel Navy corvettes

The Israel Aerospace systems will be used to protect Israel's exclusive economic zone and strategic facilities which are faced with diversified marine threats.

Reciprocal procurement in Israel up $500m in 2017

Proceedings have been instituted against Thyssenkrupp for not fulfilling its reciprocal procurement obligations in the submarines deal.

14/08/2018 15:20 Economy Yuval Azulai
Israeli public safety co Carbyne raises $15m

The Tel Aviv based company's holistic emergency response ecosystem improves standard public safety and emergency response infrastructure.

14/08/2018 14:59 Start ups Uri Berkovitz
Minute.ly launches live broad broadcast analysis algorithm

The company's AI algorithm also automatically generates broadcast summaries.

14/08/2018 14:10 Start ups Tal Shahaf
Reserved opens first Israel store Wednesday

The Polish discount fashion chain is offering lower prices than Zara.

14/08/2018 13:57 Retailing Shany Moses
Shekel stronger as Turkish crisis eases

The shekel is gaining as the focus is again on the fundamental strength of the Israeli economy.

14/08/2018 12:39 Market Globes correspondent
State of Israel worth NIS 17.6 trillion

"My responsibility is to prepare the economy for a crisis," Minister of Finance Moshe Kahlon said at the presentation of the Tel Aviv Stock Exchange's valuation of Israel.

14/08/2018 11:27 Economy Amiram Barkat
El Al takes delivery of sixth Dreamliner

Sara Netanyahu, who worked as an air hostess for El Al, was among those greeting the new plane at Ben Gurion Airport this morning.

14/08/2018 10:18 Tourism Michal Raz-Chaimovich
Leumi posts NIS 903m Q2 profit, declares NIS 361m dividend

Finance income in the second quarter jumped 11% to NIS 2.41 billion.

14/08/2018 09:54 Financial services Irit Avissar

13 August 2018

Tech giants seek assurances about war scenarios in Israel

Companies like HP and Philips want priority status on electricity and food supply and are asking for executives to be excused army reserve duty.

13/08/2018 19:06 Economy Tal Shahaf
Housing cabinet approves 4 Negev, Galilee communities

The new communities were approved because of their special character.

13/08/2018 19:06 Real estate Guy Nardi
BoI seen demanding clarifications from Arison

Being questioned under caution in the Shikun & Binui bribery affair could put Shari Arison's bank control permit in jeopardy.

13/08/2018 18:54 Financial services Ron Stein
ISA moves to regulate broker-dealers

The Israel Securities Authority is sponsoring a bill that calls for broker-dealers to be licensed and to have independent directors.

MediaKind to set up Israel R&D center

One Equity Partners has acquired Ericsson's video and TV division and renamed it MediaKind.

Google Flights launches in Hebrew

Google Flights is a search engine that helps consumers find the cheapest flights between destinations by comparing fares.

New home sales down 17%

5,329 new homes were sold in the second quarter, compared with 6,430 in the second quarter in 2017.

13/08/2018 15:53 Real estate Shlomit Tsur
Turkish crisis weakens shekel against dollar

The shekel-dollar exchange rate is being influenced today by the Turkish lira crisis, as global investors flee towards the safe havens of the dollar.

13/08/2018 13:58 Market Globes correspondent
Senior gov't official arrested in graft case

Israel Police detained 13 people and carried out searches this morning.

13/08/2018 12:38 Legal Globes correspondent
Lapid: Pass conscription bill or call election

The Yesh Atid leader offered to support the government's bill.

13/08/2018 11:30 Politics Tal Schneider
Shufersal posts 23% Q2 profit growth

A decline in operating profit at the supermarket chain was offset by a rise in the value of its assets and a lower finance expense.

13/08/2018 10:31 Retailing Aviv Levy

12 August 2018

Real estate deals down 10% in June

The Ministry of Finance chief economist says that volume of deals in June was one of the lowest for that month in the past decade.

12/08/2018 21:11 Real estate Amiram Barkat
Police question Shari Arison in Shikun & Binui bribery probe

It is suspected that Shikun & Binui executives bribed a foreign employee in Kenya to promote its projects.

BoI demands Mizrahi Tefahot set aside $100m for US probe

The Supervisor of Banks demanded an increase in the provision  even before the "offer" by the US investigative agencies to settle the affair for a $342 million payment.

Israeli airlines winter schedules still under threat

The Ministry of Foreign Affairs is no longer willing to employ flight security staff for the Israeli airlines.

12/08/2018 16:45 Tourism Michal Raz-Chaimovich
Wizz Air to launch two new Eilat routes

The low-cost Hungarian airline will inaugurate routes from Eilat to Budapest and Sofia starting in November.

12/08/2018 16:10 Tourism Simon Griver
The Economist: Tel Aviv world's 9th most expensive city

Economist Intelligence Unit: Tel Aviv was ranked 34th just five years ago. Currency appreciation played a part in this rise.

12/08/2018 15:10 Economy Michal Raz Chaimovich
Israel's first lawyers' shared workspace set to open

Partners & Co. in Tel Aviv's Ha'arba'ah St. will offer all the space, tools and services required by elite legal professionals, under one shared roof.

Apartments sold and rented

A selection of recent real estate deals in Israel including in Herzliya, Ramat Gan Givatayim, Modi'in, Lod, Sderot and Dimona.

12/08/2018 13:51 Real estate Ori Chudy
Palestinian flags fly at Arab protest against Nation State Law

Thousands attended the demonstration in Tel Aviv, but Zionist Union politicians mostly stayed away.

12/08/2018 13:09 Politics Tal Schneider
Crime downtrend in Israel may be misleading

Adv. Dr. Dana Pugach, a leading expert in criminal justice, argues that there is a decrease in the reporting of crime, not a decrease in crime.

12/08/2018 12:47 Legal Chen Maanit
easyJet to launch Tel Aviv - London Stansted flights

The low-cost UK carrier already flies between Tel Aviv and two other London airports - Luton and Gatwick.

12/08/2018 11:34 Tourism Simon Griver
Apax cancels Zap IPO

The cancellation comes after investment institutions demanded a 40% cut in the offering price.

12/08/2018 10:29 Market Shai Shalev

09 August 2018

Israeli user content co Yotpo buys US co Swell Rewards

The deal combines Yotpo's user-generated marketing platform with Swell Rewards' customer loyalty club platform.

Switch to cloud boosts Nice Systems Q2 profit 9.8%

Second quarter revenue totaled $342 million. Nice has slightly raised its profit guidance.

09/08/2018 19:22 IT Shiri Habib-Valdhorn
RedHill Biopharma to raise $25m in Nasdaq ADS offering

RedHill's share price has fallen 45% since it reported the results of the Phase III trial of its drug for Crohn's Disease.

09/08/2018 18:40 Healthcare Gali Weinreb
July passenger traffic up 10.6% at Ben Gurion airport

El Al was the leading carrier, with 600,000 passengers. Wizz Air was the top foreign airline.

09/08/2018 17:50 Tourism Michal Raz-Chaimovich
Entropy slams IPO candidate Zap's corporate governance

The Israeli investment institutions consultancy company is not enthusiastic about how the online ad group, which plans a TASE IPO, is managed.

09/08/2018 15:28 Market Aviv Levy
Rafael offers to buy Aeronautics for NIS 430m

The acquisition offer, together with businessman Avichai Stolero, is at a 10% premium on the Israeli drone manufacturer's market price.

Amazon conducts first-ever seller survey in Hebrew

As Amazon expands Israel operations, the latest survey follows a survey among Israeli consumers several months ago.

09/08/2018 11:04 Retailing Shany Moses
Magic beats analysts estimates with higher Q2 profit

Magic CEO: Our strategic business initiatives are paying off.

09/08/2018 10:52 IT Shiri-Habib-Valdhorn
Perrigo prepares to sell prescription activities

The pharmaceutical company will focus on its generic and OTC operations.

09/08/2018 09:41 Healthcare Shiri Habib-Valdhorn
Over 100 rockets fired into Israel from Gaza

Senior IDF source: Hamas is on the path to collision and conflict.

09/08/2018 08:19 Politics Globes correspondent

08 August 2018

2,300 homes approved for Ramat Gan

The plan is for Ganei Azar near Tel Hashomer.

08/08/2018 19:19 Real estate Ori Chudy
Israel Aerospace plans to set up VC fund

With government permission, IAI plans investing up to $1.5 million in each of five startups annually.

IBI invests NIS 10.5m in InsuLine

InsuLine said that IBI's investment was strategic for its non-banking credit activity.

08/08/2018 17:13 Healthcare Gali Weinreb
Crowdfunding platform ToGeTher names Arbely on advisory board

Doron Arbely, a former director of the Israel Tax Authority, will help the equity based crowdfunding platform select investments to offer the public.

08/08/2018 16:02 Start ups Ela Levi-Weinrib
CyberArk beats analysts in Q2, raises guidance

The company's profit grew 28.3% to $149 million in the first half of 2018.

08/08/2018 15:51 IT Shiri Habib-Valdhorn
Tara also puts up dairy product prices

Tara's measure follows price hikes earlier this week by Tnuva.

08/08/2018 15:17 Basic industries Shany Moses
Antitrust regulator approves Reshet, Channel 10 merger

Approval of the merger is subject to Reshet selling its holdings in the news company, which it jointly holds with Keshet Broadcasting.

AI personalization software co Dynamic Yield raises $32m

Dynamic Yield's customers can run personalization, recommendations, testing and behavioral messaging from a single platform.

Check Point warns on fake WhatsApp messages

Investigators discovered that phony WhatsApp messages can be sent impersonating someone else and preventing messages from getting through.

08/08/2018 13:47 IT Tal Shahaf
Cellcom buys control of fiber-optic co Unlimited

Cellcom will look for investment partners and accelerate its deployment of fiber optics on Israel Electric Corp's infrastructure.

08/08/2018 12:28 Market Gad Perez
Shekel recovery continues

Nomura analyst Henrik Gullberg: The recent weakening of the shekel against the dollar was too extreme.

08/08/2018 11:53 Market Amiram Barkat
Mizrahi Tefahot rejects $322m US tax probe settlement

The Israeli bank has refused an offer by the US authorities to settle an investigation against it on allegations that it helped US customers evade tax.

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