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24 September 2020

Instagram Instagram fixes breach found by Check Point

Check Point claims the breach could have let hackers seize control of the user's phone.

24/09/2020 15:30 IT Uri Berkovitz
Shekel Photo: ASAP Creative Shekel loses sharply on new lockdown restrictions

The OECD sees Israel's economy shrinking 6% this year and only growing 2.9% in 2021.

24/09/2020 14:08 Market Simon Griver
Ran Poliakine Second US short-seller investment firm pans Nano-X

Despite scathing attacks from Muddy Waters and Citron, investor SK Telecom says it continues to back the Israeli CT scan developer.

24/09/2020 13:06 Healthcare Gali Weinreb
Testing station  / Photo: Magen David Adom spokesperson Nearly 7,000 test positive for Covid-19 for second-straight day

52,839 tests were carried out yesterday with a new record of 12.9% of the tests proving positive for the virus.

24/09/2020 11:04 Healthcare Shani Ashekenazi
El Al plane  / Photo: Yoav Yaari El Al asks ministers to nix Eli Rozenberg takeover

El Al insists that Kenny Rozenberg is the real shareholder in the airline and that he does not meet government criteria to control the company.

Coronavirus regulations enforcement / Photo: Shlomi Yosef , Globes Israel's cabinet imposes two-week full lockdown

All businesses, the public sector and synagogues will close and prayers and demonstrations will be limited to 20 people outdoors.

24/09/2020 07:10 Healthcare Tal Schneider

23 September 2020

Eli Rozenberg to replace El Al board

Rozenberg's holding company Kanfei Nesharim is drawing up a list of candidates for the new board with experience in finance, law, security, and aviation, which will include Jason Greenblatt.

23/09/2020 18:48 Tourism Michal Raz-Chaimovitz
Mobileye teams with Al Habtoor on UAE autonomous cars

The companies plan to launch Mobileye-powered driverless mobility service for UAE consumers in 2023.

23/09/2020 17:45 IT Dubi Ben Gedalyahu
Ex Israeli soldier sues BDS activist in California for defamation

Rebecca Reem has filed a $6 million lawsuit against BDS activist Suhir Napal in a California court through Shurat HaDin, for falsely linking her to the death of a Palestinian.

23/09/2020 16:53 Legal Avishai Greenzweig
Next Insurance raises $250m at $2b company valuation

The digital insurance company for small businesses is hiring over 200 employees in its Israeli and US offices.

Amazon hiring 150 employees in Israel

Amazon Web Services is expanding operations in its Tel Aviv, Herzliya and Haifa development centers.

Nvidia's ARM acquisition prompts Ceva upgrade

Northland Capital Market has raised its rating for semiconductor IP company Ceva to "Outperform".

23/09/2020 14:38 IT Shiri Habib-Valdhorn
Israeli digital farming co Phytech raises $23.5m

Phytech’s ’PlantBeat’ irrigation management platform is used by 600 major growers on 15,000 farms across the US, Australia, and Israel.

Cardiovascular device co V-Wave raises $28m

The Israeli company is developing proprietary, minimally invasive interatrial shunt devices for treating patients with severe symptomatic heart failure and pulmonary arterial hypertension.

23/09/2020 12:39 Healthcare Gali Weinreb
New pact to open Indian market to Israeli startups

Startup Nation Central and Indian tech incubator iCreate signed an MOU on collaboration between Israeli and Indian companies.

23/09/2020 12:32 Start ups Uri Berkovitz
Daily new coronavirus cases reach record in Israel

6,782 people were found to have the disease yesterday, 11.6% of those tested. The government will consider further restrictions today.

23/09/2020 10:04 Healthcare Shani Ashkenazi

22 September 2020

No-code AI platform EasySend raises $16m

The Israeli company's no-code platform converts paper form-based processes into digital processes in regulated industries such as banking and insurance.

22/09/2020 19:00 Start ups Globes correspondent
Israeli regulator: Banks block fintech competition

The Israel Competition Authority has published a report claiming that the banks see fintech companies as rivals and are blocking their entry into the Israeli market.

22/09/2020 17:32 Financial services Ron Stein
Precision oncology co Novellus raises $57m

The Israeli company’s lead program PLX-8394 is a BRAF inhibitor with a differentiated mechanistic profile.

22/09/2020 15:28 Healthcare Globes correspondent
El Al offering coupons worth 125% of cancelled flights

The Israeli airline is hoping to reduce the immediate need to repay NIS 1 billion for cancelled flights after October 1.

22/09/2020 14:29 Tourism Michal Raz-Chaimovitz
Dubai corp Al Habtoor to open Israel office

The real estate and hotel corporation is also in talks with Israir to open a Tel Aviv - Dubai route.

22/09/2020 12:04 Real estate Dubi Ben-Gedalyahu
Shekel at weakest for 3-months against dollar

The Israeli currency is being weakened by the lockdown and concerns that the government will further curb restrictions in the private business sector.

22/09/2020 10:37 Market Simon Griver
Cabinet mulls tighter lockdown as infections stay high

Nearly 4,000 people in Israel tested positive for Covid-19 yesterday, with the number of seriously ill patients and fatalities rising fast.

22/09/2020 09:50 Healthcare Globes correspondent
Prostate cancer protection co BioProtect raises $25m

The Israeli company says that the ProSpace balloon spacer helps reduce radiation therapy risks by pushing the prostate away from the rectum.

22/09/2020 08:58 Healthcare Globes correspondent
Israeli pain monitoring co Medasense raises $18m

The company's technology uses a multi-parametric sensor platform and advanced AI algorithms to convert complicated data into a patient's "Signature of Pain."

21 September 2020

Covid-19 has let digital health prove itself

DLA Piper partner Danny Tobey, Tamar Tavory of Yigal Arnon & Co., and Igentify CEO Doron Behar came together in a webinar to discuss trends and opportunities in the health tech market.

21/09/2020 17:02 Healthcare Globes correspondent
Electreon building electric road in Tel Aviv

The coils beneath the 600 meter road at Tel Aviv University will recharge Dan's electric buses.

21/09/2020 16:36 Energy Shani Ashkenazi
Fogel sets up UAE fund for Israeli high-tech investments

Shlomi Fogel said one of the options discussed was the possibility of the companies that the fund invests in, establishing production plants in one of the UAE's free trade zones.

21/09/2020 15:50 Economy Dubi Ben-Gedalyahu
Bar Refaeli begins 9 months community service for tax evasion

The model's mother Tzipi Refaeli also begins a 9-mnth prison sentence for concealing some of their income worth tens of millions of shekels.

21/09/2020 15:34 Legal Ela Levi-Weinrib
Apartments sold and rented

A selection of recent real estate deals in Jerusalem, Tel Aviv, Ramat Gan, Ramat Hasharon, Herzliya, Netanya, Ashdod and Beersheva.

Adelson completes purchase of US Ambassador's home

In the most expensive ever residential real estate deal in Israel, Sheldon Adelson will pay over NIS 250 million as well as NIS 20 million purchase tax.

21/09/2020 14:31 Real estate Shai Shalev
Japanese investors sue over Zodiac crypto exchange

According to the lawsuit, Moshe Hogeg and his former partners ran a sophisticated sting operation.

21/09/2020 12:47 Legal Roy Katsiri
IDB series 14 bondholders add to Elsztain's woes

The bondholders hold a lien on 70% of Discount Investment, Eduardo Elsztain's main Israeli investment vehicle, and now seek immediate repayment.

21/09/2020 11:12 Market Omri Cohen
Three days into lockdown, Covid-19 still spreading rapidly

Fewer tests have been carried out in Israel because of the Rosh Hashanah holiday, but the proportion of positive results is high.

21/09/2020 10:41 Healthcare Shani Ashkenazi

17 September 2020

Rami Levy said mulling withdrawal from Delek Israel deal

Sources say disagreements have broken out within the Rami Levy-Lahav LR consortium negotiating to buy the fuel station chain.

Emirates sets up Kosher Arabia for airline food

Ahead of the launch of Tel Aviv - Dubai flights, Emirates Flight Catering has through a partnership set up a dedicated kosher food production facility in the UAE.

17/09/2020 14:28 Tourism Michal Raz-Chaimovitz
Shekel loses against dollar after dovish Fed remarks

The dollar is stronger on world forex markets after US Fed chair Jerome Powell spoke of more fiscal support and presented improved forecasts.

17/09/2020 13:25 Market Simon Griver
El Al to restart passenger flights next month

The airline will begin operating scheduled flights from Tel Aviv to New York, London and Paris on October 12.

17/09/2020 12:44 Tourism Michal Raz-Chaimovitz
JFrog jumps nearly 50% on first day of trading

CNBC pundit Jim Cramer said JFrog is a terrific company with a great story but insists the share price is 'exorbitant' and gives him vertigo.

17/09/2020 10:34 IT Simon Griver
Arkia employees agree 130 layoffs, pay cuts

The airline's management, workers committee and Histadrut agreed to cut nearly 25% of the workforce.

17/09/2020 09:31 Tourism Michal Raz-Chaimovitz
Wix launches venture capital arm Wix Capital

Wix Capital has already invested $5.6 million in seed rounds and early stage investments for startups.

17/09/2020 08:52 Start ups Omri Zerachovitz
Israeli blank check co ION files to raise $200m on NYSE

Parent company ION Asset Management has $1.5 billion under management in its hedge fund.

16 September 2020

Eli Rozenberg buys control of El Al

Rozenberg's Kanfei Nesharim company, which now has a 42.85% stake in the airline, says it will emphasize punctuality and improved service.

Eli Rozenberg only bidder in El Al's TASE offering

The man that parent company Knafaim least wanted to see in charge of the airline is on the way to buying a controlling stake.

Israel to propose Saudi - Israel oil pipeline

Exporting oil to Europe via an Israeli land pipeline would help the Gulf states bypass the dangerous and costly Straits of Hormuz and Suez Canal shipping routes.

16/09/2020 19:03 Politics Amiram Barkat
Israeli natural food coloring co Phytolon raises $4.1m

Phytolon develops innovative technology for producing natural, quality and inexpensive plant-based food coloring.

16/09/2020 18:15 Start ups Globes correspondent
Israeli AI radiology co Aidoc raises $20m

Aidoc’s comprehensive suite of AI solutions for radiology includes six FDA-cleared products for flagging acute abnormalities directly in the radiology workflow.

Tel Aviv's Asserson Law Offices teams with Dubai firm Araa

Both firms have an international reach and serve a wide range of corporate and private clients.

16/09/2020 17:07 Legal Globes correspondent
Fox signs franchisee deal with Greek retailer Jumbo

The agreement marks an expansion of the retail activities of Fox controlling shareholder Harel Wizel who has previously focused on fashion and clothing.

16/09/2020 16:44 Retailing Shany Moses
Check Point buys Israeli cloud-based co Odo Security

The Tel Aviv-based company has developed a cloud-based, clientless secure access service edge technology that delivers secure remote access.

Yuri Milner to fund Wharton degrees for 60 Israeli students

The tech investor fondly recalls that he was the Wharton School's first and last student from the Soviet Union.

16/09/2020 15:32 Economy Uri Pasovsky
Shekel rallies after early September losses

The shekel is fighting back after strongly losing ground from NIS 3.353/$ to NIS 3.438/$ in the first 11 days of September.

16/09/2020 14:03 Market Simon Griver
Citron slams Nano-X Imaging as a fraud

The US activist short-seller researcher says that the Israeli company, currently worth $1.7 billion on Nasdaq, has invented fake customers and is a 'stock promotion' on the way to zero.

16/09/2020 13:15 Healthcare Gali Weinreb
JFrog exceeds expected range with $3.9b IPO valuation

Israeli automated software updating company JFrog is raising $352 million on Nasdaq.

16/09/2020 12:24 Start ups Shiri Habib-Valdhorn

15 September 2020

Israel signs historic agreements with UAE and Bahrain

President Donald Trump: At least five or six more Arab countries will soon sign peace agreements with Israel.

CPI unchanged in August, home prices continue rising

The Consumer Price Index has fallen 0.8% over the past 12 months, while in contrast housing prices have risen 2.9% in the past year.

15/09/2020 18:59 Real estate Amiram Barkat
Israeli big data analysis co Varada raises $12m

Varada is set to launch its data virtualization platform for accelerating big data workloads while optimizing control over performance and cost.

15/09/2020 18:37 Start ups Ofir Dar
Israeli medical device security co Medigate raises $30m

Medigate will use the funds to further its vision of becoming healthcare’s security and clinical analytics company.

15/09/2020 17:46 Healthcare Ofir Dor
Hetz Ventures closes $77m Israel VC fund

The venture capital fund will invest in early stage enterprise software startups.

El Al TASE $150m offering to go ahead Wednesday

Eli Rozenberg has said he will buy shares worth $101 million, which would give him control of the airline.

15/09/2020 15:58 Tourism Michal Raz-Chaimovitz
Kape revenue doubles following PIA acquisition

The Israeli cybersecurity company has benefitted from the shift online during the Covid-19 pandemic.

15/09/2020 15:07 IT Globes correspondent
Record 5,000 new Covid-19 cases in Israel on Tuesday

The exponential growth in new cases comes 72 hours before Israel goes into a three-week lockdown on Friday at 2pm.

15/09/2020 14:04 Healthcare Shani Ashkenazi
Team8 fintech led by former Leumi CEO raises $30m

Team8 will leverage its company-building methodology and expertise across data, AI, cybersecurity and privacy for the new fintech foundry.

Huge Tel Aviv light rail tender attracts 5 bids

Five consortia have bid in NTA's NIS 15 billion tender to build and operate the Green and Purple Lines.

Eli Azur buying Walla! from Bezeq

The price for the content and commercial website is estimated at NIS 60 million.

15/09/2020 13:02 Market Anat Bein-Leibovitz
IDB series 9 bondholders press for immediate payment

The bondholders rejected out of hand Eduardo Elsztain's debt settlement proposal.

15/09/2020 12:25 Market Omri Cohen
Meir Gurvitz quits El Al race

Gurvitz said he was ending his bid because of the Ministry of Finance's refusal to let El Al make a private placement.

15/09/2020 11:39 Tourism Michal Raz-Chaimovitz
Dubai-based DP World links up with Israel Shipyards

Industry sources see the two companies making a joint bid in the privatization of the old Haifa Port.

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