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27 January 2022

Israel Institute of Biological Research (IIBR), Nes Ziona  credit: Eyal Izhar Israeli vaccine evolves to mimic Omicron

The Israel Institute of Biological Research vaccine, being developed by NRx Pharmaceuticals, has yet to be proved effective in the real world.

27/01/2022 18:07 Healthcare Gali Weinreb
Kornit Digital Kiryat Gat factory Photo: Victor Levi Kornit Digital inaugurates Kiryat Gat ink factory

The company said that the move to the new factory will increase production to meet growing demand and improve the productivity of its employees.

27/01/2022 15:54 IT Shiri Habib-Valdhorn
Fireblocks founders Idan Ofrat, Michael Shaulov, and Pavel Berengoltz  credit: PR Fireblocks raises $550m at $8b valuation

The Israeli cryptocurrency security company for banks and financial institutions has nearly quadrupled its valuation since last June.

27/01/2022 15:04 Financial services Ofir Dor
Victoria House London Photo: State ERiken Sagi's LabTech sells Victoria House, London for big profit

Teddy Sagi Group bought Victoria House in 2018 for £300 million and has now sold it for £430 million, and collected NIS 400 million rent while owning it.

27/01/2022 14:22 Real estate Yaser Wakid
Hannoch Marksheid Photo: Norami Medical Nurami seeks FDA, EU approval for soft tissue repair solution

Israeli company Nurami Medical has recruited all the patients for a clinical trial on its product to repair soft tissue damaged during neurosurgery.

27/01/2022 13:48 Healthcare Globes correspondent
Shekels Photo: Shutterstock Vladerina32 Shekel weaker against dollar after Fed meeting

The Israeli currency is trading at levels against the US currency not seen since October 2021.

27/01/2022 13:21 Market Globes correspondent
Opening of WalkMe's Ukraine development center Photo: Valentina Rostovikova Israeli tech firms have much to lose in Ukraine

Israeli companies that have invested heavily in development centers in Ukraine are drawing up business contingency plans for a Russian invasion.

27/01/2022 12:25 Employment Assaf Gilead
Huge expansion approved for Hadassah Mount Scopus hospital

Seven new buildings will be constructed including a 15-floor hospital tower as the number of beds is increased five-fold.

27/01/2022 07:54 Healthcare Yaser Wakid
NSO Group Photo: Reuters, Keren Manor Integrity Partners in talks to buy NSO stake - report

Integrity Partners is managed by former US soldiers who would use their contacts to try and get NSO taken off the US Department of Commerce blacklist, the "Financial Times" reports.

27/01/2022 07:07 IT Globes correspondent

26 January 2022

Firebolt raises $100m, becomes latest Israeli unicorn

The Israeli company has developed a cloud data warehouse that delivers sub-second analytic experiences at scale.

26/01/2022 20:45 Start ups Ofir Dor
Can CT scan developer Nanox prove the skeptics wrong?

The Israeli company has promised a revolution in medical imaging but its market cap has slumped from $3.5 billion to $560 million, as investors begin to doubt whether it can deliver.

26/01/2022 18:11 Healthcare Gali Weinreb
Taboola launches tool for personalizing news homepages

The Homepage For You platform complements existing ability to edit news homepages with a new AI layer that presents content readers might find more relevant.

26/01/2022 15:54 IT Globes correspondent
Disney Plus announces summer launch in Israel

The Walt Disney Company's streamer Disney Plus has confirmed that it will be commencing operations in Israel in the summer as part of a launch of its services in 42 countries.

Where is Israel's stock market going? "Globes" asks two analysts

Dudi Reznik of Leumi Capital Markets finds reasons to be cheerful; IBI's Rafi Gozlan is less optimistic.

26/01/2022 12:57 Economy Aviv Levy
Elbit wins Weizmann Institute space telescope contract

Elbit Systems will provide the Weizmann Institute with the telescope as part of Israel’s Ultraviolet Transient Astronomy Satellite (ULTRASAT) program to observe and research deep space.

Partner to lay new cable connecting the East and Europe

Tamares Telecom will be the project's anchor customer and provide initial finance.

25 January 2022

Israeli cybersecurity co Hunters raises $68m

Hunters’ security operations center (SOC) platform enables security teams to automatically identify and respond to incidents that matter across the entire attack surface.

25/01/2022 16:07 Start ups Globes correspondent
Founders and BRG battle over sale of NSO

A case in the Tel Aviv District court to appoint a trustee for NSO unit Convexum reveals details about the struggle to sell the spyware company to a US fund.

25/01/2022 15:52 Legal Assaf Gilead
Israeli smart battery co Addionics raises $27m

Addionics is redesigning battery architecture, replacing the electrode’s traditional 2D layered structure with an integrated 3D structure.

25/01/2022 14:01 Start ups Globes correspondent
Generation Capital unit GES buys KMM Recycling

GES will pay NIS 195 million for a 75% stake in the waste recycling company.

25/01/2022 13:25 Environment Omri Cohen
Israel continues slide in global corruption index

For the first time, Israel scores less than 60 in Transparency International's annual Corruption Perceptions Index, and is just nine points above corrupt country status.

25/01/2022 12:55 Economy Nitsan Shafir
Canada's Beaverhall buys Tel Aviv Nofei Yam lot

The company has paid NIS 80.5 million for the north Tel Aviv land on which it will build 31 apartments.

25/01/2022 12:49 Real estate Arik Mirovsky
Israel's Siklu teams with Philips unit on smart streetlights

Siklu's mmWave communications technology will be integrated into Signify's BrightSites solutions for converting streetlights into telecommunications sites.

25/01/2022 11:56 IT Gad Perez
Gov't bill opens way to greater competition on mortgages

Non-bank credit companies will be able to issue bonds to finance housing loans.

24 January 2022

MediWound reports positive results in leg ulcer trial

The study met its primary endpoint, demonstrating that patients treated with EscharEx had a statistically significant higher incidence of complete debridement.

24/01/2022 20:58 Healthcare Gali Weinreb
Tel Aviv evictions pave way for light rail construction

The final families were evicted from Kfar Shalem, which is on the Purple Line route between Tel Aviv and Yehud.

Shekel at weakest for two months

The Israeli currency continues to depreciate amid steep falls on stock markets worldwide.

24/01/2022 17:03 Market Globes correspondent
Liberman: Economy will be in full swing by mid-February

Israel's Minister of Finance has promised new measures of targeted assistance for small businesses and the self-employed hit by the latest Covid wave.

24/01/2022 16:43 Economy Shirit Avitan Cohen
Hundreds of young couples buying NIS 4m Tel Aviv homes

The average cost of a home bought by a first time buyer in 2021 was NIS 1.73 million, the Ministry of Finance chief economist found.

24/01/2022 15:45 Real estate Arik Mirovsky
IEC obtains 29% price cut in amended Tamar gas deal

The new price will be $4.5 per million British thermal units (mmBtu).

Where did $23b go? NY falls hit Israeli newbies hard

The steepest declines among the "2021 vintage" are in companies that went public through SPACs.

24/01/2022 12:09 IT Shiri Habib-Valdhorn
Cities could hike curbside parking prices

Putting up parking prices might prove unpopular but elsewhere in the world they have been effective in reducing city center congestion.

23 January 2022

3D printed plant-based steak co Redefine Meat raises $135m

The Israeli company will use the funds to set up production lines in Israel and the Netherlands, sources inform "Globes."

23/01/2022 19:35 Start ups Shani Ashkenazi
Kinneret edges steadily higher

The lake is now 1.945 meters from its maximum level of 208.80 meters below sea level.

23/01/2022 19:05 Water Globes correspondent
Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Ramat Gan, Rishon Lezion, Netanya, Hadera, Afula, and Beersheva.

23/01/2022 13:35 Real estate Yaser Wakid
Nayax buys On Track Innovations

The Israeli fintech company has rescued payment solutions company OTI from insolvency proceedings.

Itzik Abercohen to step down as Shufersal CEO

Abercohen will leave his post at the head of Israel's largest supermarket chain on March 31st.

23/01/2022 11:42 Retailing Globes correspondent
Stocks sharply down in Tel Aviv after delayed opening

Large negative arbitrage gaps in dual-listed stocks are weighing on the Tel Aviv indices, with local bank stocks also falling heavily.

23/01/2022 11:13 Market Globes correspondent

20 January 2022

State subsidizes employment for over-60s

So far, 913 people have found jobs through the Ministry of Social Equality's "Veterans at Work" program.

20/01/2022 20:58 Economy Oren Dori
Cancer therapy co ImmPACT Bio raises $111m

Immpact was formed from a merger between US company Kalthera and a company founded in Israel's FutuRX biotech incubator.

20/01/2022 16:00 Healthcare Gali Weinreb
Vertex Israel Ventures sells VC fund stake to StepStone

The Israeli venture capital fund has sold 33% of its holdings in the fourth fund to US investment giant StepStone.

20/01/2022 15:21 Start ups Ofir Dor
Shekel weakens as global markets fall

Leader Capital Markets chief economist Yonatan Katz expects a rate hike in April, predicting that inflation will climb towards 3% annually.

20/01/2022 13:06 Market Globes correspondent
Israel signs 3b ThyssenKrupp submarine deal

The German government will finance 20% of the cost, much lower than its previous subsidies.

Viola Ventures closes $250m early stage VC fund

Viola Ventures had a highly successful 2021, with eight of its portfolio companies reaching unicorn status and beyond.

20/01/2022 11:22 Start ups Globes correspondent
Economists insist higher inflation wont strike in Israel

As inflation climbs to 7% annually in the US and 5.4% in the UK, “Globes” examines why the Bank of Israel insists it will only be 1.6% here in 2022.

20/01/2022 10:21 Economy Amiram Barkat

19 January 2022

Clal Insurance leads NIS 250m round in Timora real estate fund

Timora, which acquires, improves and manages investments in office, industrial, and logistical real estate in Israel, plans to increase its equity to NIS 500 million over the coming year.

"Half of Israeli stocks on Wall Street are down over 50%"

Oppenheimer Israel senior equity analyst Sergei Vastchenok explains why Israeli tech stocks are struggling, as the market looks beyond Covid.

19/01/2022 18:12 Market Shiri Habib-Valdhorn
Thoma Bravo invests $85m in Israeli fintech co Personetics

The Tel Aviv company's AI financial-data-driven personalization solutions for banks and financial services providers, enables them to target the needs of individual customers.

Israel's Transport Ministry plans cutting car use in half

An ambitious plan aims to encourage a major shift from cars to public transport, walking and cycling.

Teva settles investor lawsuit for $420m

The lawsuit was over Teva's conduct in alleged price fixing in the US. Teva denies all wrongdoing.

19/01/2022 12:02 Healthcare Shiri Habib-Valdhorn
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