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11 August 2022

Likud primaries in Rishon Lezion Credit: Shlomi Yosef Netanyahu loyalists triumph in Likud primaries

The Likud party voters rewarded loyalty to the party leader and hard work in the Knesset. Women fared badly in the primaries.

11/08/2022 17:14 Politics Shirit Avitan-Cohen
Intel Kiryat Gat Kiryat Gat provides Intel with option to expand

400 acres more has been zoned for industry as Intel mulls a third plant in the city to meet global chips shortages.

11/08/2022 15:49 Real estate Yaser Wakid
Emil Vainshel, Yohanan Danino,and  Nitzan Zeir-Harim, Wesure  credit: Rami Zarnegar AmTrust to invest NIS 35m in WeSure

As part of the investment agreement, the two sides will invest $2 million each in WeSure Digital.

Shekels Credit: Shutterstock Vladerina32 Shekel surges to 4-month strongest against dollar

The shekel's rebound comes in the wake of Wall Street's recovery, further fueled over the past 24 hours by the lower than expected US inflation data.

11/08/2022 13:37 Market Guy Ben Simon
AliExpress Credit: BigTunaOnline Shutterstock AliExpress opens warehouses in Israel

The Chinese online retail giant has set up warehouses in Airport City, to store products and shorten delivery times.

11/08/2022 12:51 Retailing Nevo Trabelsy
El Al Credit: PR Danny Sadeh El Al swings to profit after travel restrictions lifted

The Israeli carrier's revenue in the second quarter of 2022 was $516 million, up 132% from the second quarter of 2021.

11/08/2022 10:24 Tourism Omri Cohen
Uri Levin Credit: PR Discount Bank Q2 profit falls despite rate hikes

The decline in profits stemmed from an increase in credit loss expenses - the security cushion set aside by banks to protect them from unpaid loans.

10 August 2022

Energy activity pushes Tadiran to record results

The sharp growth in revenue stems mainly from consolidation of VP Solar, the Italian company acquired by Tadiran at the start of the year.

10/08/2022 19:04 Energy Omri Cohen
Aby Rosen seeks buyer for $65m Jaffa penthouse

Israel Sotheby's International Realty marketing director Itay Gurevich told "Globes," that there are several Israelis who have recently expressed interest in buying the property.

10/08/2022 18:04 Real estate Poli Tuvman
Three Israeli defense cos in "Defense News" top 50

Elbit Systems, Israel Aerospace and Rafael had combined revenue of $11.7 billion in 2021.

Wix narrows loss, confirms layoffs

Key aspects of the $150 million cost reduction plan include "right-sizing our workforce and future hiring targets."

10/08/2022 11:10 IT Globes correspondent
Strong Internet revenue boosts Bezeq's Q2 results

Bezeq will distribute a six month dividend of NIS 294 million.

10/08/2022 10:40 Market Gad Perez
Israeli fintech co Melio cuts workforce by 10%

The layoffs are mainly among US sales staff, while the company is doubling its development team in Tel Aviv.

10/08/2022 07:25 Financial services Ofir Dor

09 August 2022

Eilat's Ramon airport to launch flights for Palestinians

The flights will be operated by Turkish airline Atlas to Istanbul and Anatolia for Palestinian residents of Judea, Samaria and the Palestinian Authority.

AppLovin bids to merge with Unity, endangering ironSource deal

AppLovin may benefit from opposition among Unity shareholders to the ironSource deal.

Kaltura laying off 10% of workforce

The Israeli video cloud platform said that 30 of the layoffs will be in Israel.

09/08/2022 15:51 Employment Shiri Habib-Valdhorn
Peregrine-led consortium to invest NIS 300m in incubator cos

The consortium includes Bristol-Myers Squibb (BMS), BD (Becton Dickinson), Elbit Systems, Tel Aviv University, Ben-Gurion University of the Negev, and Shaare Zedek Medical Center.

09/08/2022 15:21 Healthcare Gali Weinreb
Wix lays off 100

The Israeli website building platform is shedding 2% of its work force, with most of the layoffs abroad.

09/08/2022 13:43 Employment Shiri Habib-Valdhorn
Shekel rally gains momentum

Leader Capital Markets: Without a sharp fall in the markets, or major geopolitical event, the shekel is expected to continue to strengthen and moderate inflation.

09/08/2022 12:50 Market Globes correspondent
Ceragon board rejects higher Aviat Networks bid

Aviat Networks has raised its bid from $2.8 to $3.08 per share, valuing Ceragon at $259 million.

Netanyahu block weakens slightly after Gaza operation

At the same time, the block led by Prime Minister Yair Lapid remains far from a Knesset majority.

09/08/2022 10:49 Politics Bar Lavi

08 August 2022

Kaltura counters rival takeover with 'poison pill'

After receiving an offer to purchase worth $383 million from rival US video platform Panopto, Israeli video cloud platform Kaltura has adopted a 'poison pill' plan.

08/08/2022 17:58 IT Shiri Habib-Valdhorn
Ondas buys Israeli drone co Airobotics

The autonomous unmanned aircraft systems developer, once valued at $240 million, is being sold for less than half its IPO valuation last summer.

Road 6 franchise extended for building new lane, interchange

Derech Eretz will build an extra lane in each direction between Kassem Interchange and Ein Tut Interchange and a new interchange at Bet Nechemia.

Stratasys acquires German materials co Covestro

The Israeli 3D printing solutions company will pay €43 million and up to an additional €37 million in performance payments.

08/08/2022 15:57 IT Globes correspondent
Perion Network lays off 20, moves some US activity to Israel

The New York activity of Content IQ, acquired in 2020 for $37.8 million, is being moved to Perion's Israeli headquarters in Holon.

08/08/2022 15:05 IT Shiri Habib-Valdhorn
Israel's tourism recovery gains momentum

The Ministry of Tourism expects the number of visitors to Israel in 2022 to be in the 2.2 million to 2.5 million range, well below the 2019 record of 4.55 million.

08/08/2022 14:27 Tourism Michal Raz-Chaimovitz
Israel's fiscal surplus climbs to 0.6%

The fiscal surplus for the 12 months ending July 2022 was NIS 9.7 billion, the Ministry of Finance Accountant General reports.

08/08/2022 13:54 Economy Oren Dori
Improved Iron Dome sharpens foreign interest

Though costly, Iron Dome saves the Israeli economy billions, and Russia's invasion of Ukraine has made Europe take notice.

08/08/2022 12:18 Aerospace & defense Danny Zaken
Ceasefire takes hold after shaky start

Islamic Jihad fired about 550 rockets towards Israel: one third landed in the Gaza Strip;  96% of the remainder were intercepted by Iron Dome or fell in open areas.

08/08/2022 10:24 Politics Danny Zaken

07 August 2022

Heavy rocket fire from Gaza continues as ceasefire nears

As a senior Islamic Jihad leader said that the ceasefire with Israel will come into effect at 11.30pm, Defense Minister Benny Gantz says Israel has achieved all its military aims.

07/08/2022 21:12 Politics Globes correspondent
Teva share price jumps 55% in past three weeks

Boosted by a national agreement in the opioids affair, Teva rose 5.63% on Friday after Bank of America raised its rating to 'buy.'

07/08/2022 16:01 Healthcare Globes correspondent
Forex reserves rise as shekel strengthens

The increase was the result of a revaluation, as the shekel appreciated during July, which increased the reserves by roughly $4.51 billion, the Bank of Israel reports.

07/08/2022 15:22 Market Globes correspondent
Prytek expands VC activity, appoints Noga Knaz as CEO

Knaz will be responsible for Prytek’s investment activities in early-stage companies that work in synergy and contribute to the technology and services of the more mature companies in the Group.

07/08/2022 15:19 Start ups Globes correspondent
Tenders issued for more Jerusalem western entrance lots

Jerusalem's Western entrance project is one of the biggest construction projects in the country.

07/08/2022 14:55 Real estate Yuval Nisani
Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Herzliya, Shoham, Ashdod, Harish, Haifa and Yokneam.

07/08/2022 13:06 Real estate Yaser Wakid
Hamas threats remain in the realm of words

Hamas has yet to fire any rockets about Israel and is hinting at an Egyptian-brokered ceasefire.

07/08/2022 12:47 Politics Globes correspondent
Lapid: Operation will continue as long as necessary

Prime Minister Yair Lapid: We are acting to minimize casualties among non-combatants.

07/08/2022 10:10 Politics Danny Zaken
Rockets fired towards Jerusalem area

Sirens were sounded in several settlements west of Jerusalem this morning, and ten rockets were fired at Sderot.

07/08/2022 09:27 Politics Globes correspondent

04 August 2022

Pagaya share price begins to lose ground

After rising 1,000% in two weeks to become Israel's most valuable company, the Israeli fintech's share price has started to fall.

Datadog buys Israeli API observability co Seekret

Having previously acquired Ozcode, the US cloud monitoring company is aiming to have 500 employees in its Tel Aviv development center within a year.

Israeli secure browser co Talon raises $100m

The TalonWork browser simplifies endpoint security by serving as a secure access point to corporate applications and data on any device, or operating system.

04/08/2022 14:00 Start ups Globes correspondent
Average salary in Israel falls sharply

The average gross monthly salary in Israel fell to NIS 11,753 in May from NIS 12,026 in April, the Central Bureau of Statistics reports.

04/08/2022 13:35 Economy Idan Eretz
BRG to buy NSO counter-drone unit Convexum for $29m

The court appointed trustee was highly critical of NSO's attempts to keep ownership of the company, so that it could enhance an overall sale of NSO Group.

Cut-price shares for sale in Israeli unicorns

"Globes" reports on startups offering shares for sale at just half the price of the valuation obtained in their financing rounds last year.

04/08/2022 09:39 Start ups Ofir Dor

03 August 2022

PolyPid licenses surgical infection prevention drug to Advanz

The European licensing deal is worth up to $23.5 million upfront to Polypid and $89 million in sales-related milestones.

03/08/2022 20:33 Healthcare Gali Weinreb
Number of Israelis paying NIS 1m capital gains tax doubles

562 Israelis earned at least NIS 3.5 million in capital gains last year, the Tax Authority reports.

03/08/2022 18:15 Economy Bar Lavi
Israeli car dash cam co Nexar buys Portuguese co Veniam

Veniam will help cut communications costs between connected cars for the servers containing the data from Nexar's car dash cams.

Netanyahu presents Likud economic platform

Likud promises free pre-school education and tax cuts. Blue & White-New Hope: The person who prevented a state budget cannot offer economic solutions.

03/08/2022 15:39 Economy Shirit Avitan Cohen
Sumitomo-backed IN Venture raises $70m for 2nd VC fund

The Israeli venture capital fund has announced the first closing of its $150 million second fund.

03/08/2022 15:36 Start ups Assaf Gilead
EssilorLuxottica buys remaining 50% stake in Shamir Optics

Having sold 50% of the ophthalmic lens company to the eyewear giant in 2011 for $130 million, Kibbutz Shamir is selling the balance for hundreds of millions of dollars more.

SolarEdge slumps on disappointing Q2 revenue

The solar energy company has lost its position as Israel's most valuable company to Pagaya Technologies.

03/08/2022 12:29 Energy Hezi Sternlicht
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