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28 January 2020

& Other Stories  / Photo: Shutterstock H&M's & Other Stories coming to Israel

The first Israeli & Other Stories branch will be opened in the Ramat Aviv mall.

28/01/2020 19:25 Retailing Shany Moses
Bond / Photo: Nir Arieli Delivery logistics co Bond raises $15m

Shookit, which operates in Tel Aviv, has launched a sister company in New York.

28/01/2020 17:44 Start ups Omri Zerachovitz
Avichai Mandelblit, Benjamin Netanyahu Indictment filed against Netanyahu in Jerusalem court

In the first-ever indictment against a serving Israeli prime minister, Netanyahu is being charged with fraud, and breach of trust in three separate cases.

Wix offices Mangrove sells Wix stake over past 2 years for over $400m

SEC filings show that Mangrove has reduced its stake in the Israeli DIY website company to 1.8% at a massive profit.

28/01/2020 15:50 IT Shiri Habib-Valdhorn
Pelephone headquarters Givatayim mulls making Beit Pelephone city hall

With Pelephone set to move its headquarters to Petah Tikva, the building's owner Amot could raise the rent by 60%.

28/01/2020 13:24 Real estate Guy Nardi
Benjamin Netanyahu Netanyahu withdraws immunity request

"I will not let my opponents disrupt the historic move that I am leading."

28/01/2020 10:41 Politics Tal Schneider
Donald Trump, Benjamin Netanyahu / Photo: Kobi Gidon, GPO Trump plan offers Palestinians conditional route to state - report

According to sources who have read the "Deal of the Century", it does not require any Israelis or Palestinians to leave their homes.

28/01/2020 10:21 Politics Ran Dagoni, Washington

27 January 2020

Ramla city center renewal plan approved

The plan will add 1,250 more housing units, 125,000 square meters of commercial and business space, and 300 hotel rooms to the city center.

27/01/2020 19:23 Real estate Guy Nardi
Psagot: Gas stocks sell-off overdone

Psagot analyst Noam Pinko finds that even on reduced  demand assumptions, Isramco, Ratio and Delek Drilling are substantially undervalued.

27/01/2020 16:57 Energy Kobi Yeshayahou
IAI-ELTA successfully tests airport anti-drone system

The demand for drone protection solutions has grown rapidly following the incident when London's Gatwick Airport was forced to shut-down in December 2018.

Corendon Airlines launching 5 new Tel Aviv routes

The Turkish airline is launching new routes from Tel Aviv to cities in Germany, Italy, Greece and Bulgaria.

27/01/2020 15:27 Tourism Michal Raz-Chaimovich
Ad agency JWT Israel to close by April

The decision to close JWT, an advertising pioneer in Israel which has declined from its 1990s peak, was taken by WPP.

Air India doubling flights on Tel Aviv - Delhi route

Air India will operate six weekly flights instead of the three weekly flights it began with two years ago.

27/01/2020 14:42 Tourism Simon Griver
Victory buys two of Yeinot Bitan's largest branches

Victory is paying NIS 35 million for the supermarkets in the Azrieli Malha mall in Jerusalem and the Ayalon mall in Ramat Gan.

Israeli data science platform co Iguazio raises $24m

The Herzliya-based company's data science platform helps data scientists create real-time AI applications while working within the familiar machine learning stack.

27/01/2020 14:02 Start ups Globes correspondent
Bureaucratic tangle snags Israel's largest solar energy project

The Israel Land Authority and the Accountant General Department are at loggerheads over the site near Dimona.

27/01/2020 13:12 Energy Arik Mirovsky
Israel's banks failing small businesses that seek growth

A Bank of Israel survey finds that only 15% of micro and small businesses are satisfied with the tools their banks provide for growth and progress.

27/01/2020 11:15 Financial services Ron Stein

26 January 2020

Israel's digital bank to begin operating in 2021

The new bank has already recruited most of its executive staff.

26/01/2020 22:08 Financial services Ron Stein
Fiber optic co IBC to raise up to NIS 400m debt

IBC aims to speed up its fiber optic deployment and promote sales of its Internet services.

Gig staff management co Ubeya raises $3.5m

The Israeli company's workforce management platform is designed for companies that rely on gig-hired, hourly paid staff at the core of their operation.

Insight buys stake in Israeli co Moon Active for $125m

The acquisition of shares in the Tel Aviv-based mobile games company is at a company valuation of $1.25 billion.

26/01/2020 16:41 IT Omri Zerachovitz
Tourist hotel overnights up despite Airbnb

Foreign tourists account for almost as many hotel overnights in Israel as Israelis, more of whom are vacationing abroad.

26/01/2020 15:06 Tourism Michal Raz-Chaimovich
Generation Capital buys GES from Azrieli for NIS 110m

GES deals in water and sewage treatment and purification and water desalination.

26/01/2020 13:26 Market Globes correspondent
Elbit's X-ray vision to be built into new UK battle tank

Streetfighter 2 will include IronVision, a 360° panoramic situational awareness system that lets tank crews ‘see-through’ their vehicle's armor in real time.

Mizrahi sees higher housing prices, stronger shekel

Mizrahi Tefahot Bank Chief strategist Modi Shafrir provides a bullish forecast for the Israeli economy in 2020.

26/01/2020 12:58 Real estate Kobi Yeshayahou
Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Haifa, Karmiel, Kfar Vradim and Kiryat Gat.

Mega Or set to buy Ispro from Property and Building

The price for malls company Ispro, part of Eduardo Elsztain's IDB Development-Discount Investment group, is NIS 855 million.

26/01/2020 12:10 Real estate Omri Cohen
Reisdor to build two office towers in Bnei Brak

The company won an Israel Land Authority auction for a plot in Bnei Brak's Lehi Street, six months after buying the adjacent plot with a partner.

26/01/2020 11:23 Real estate Guy Nardi
Gantz leaves for meeting with Trump

Blue & White leader Benny Gantz will meet US President Donald Trump separately from Prime Minister Benjamin Netanyahu to be briefed on the president's "Deal of the Century" for the Middle East.

26/01/2020 10:50 Politics Tal Schneider

24 January 2020

Trump: Peace plan positive for Palestinians

Prime Minister Benjamin Netanyahu and Blue & White leader Benny Gantz will both visit the White House to discuss the US plan for Israel and the Palestinians.

24/01/2020 09:40 Politics Ran Dagoni, Washington
Gett presents unusual take on profitability

Transportation app company Gett has announced that it has become reached "operationally profitable", but the figures need to be scrutinized closely.

23 January 2020

Adama profit down despite record revenue

The Israeli-Chinese pesticides company attributed its profit decline to production at less than full capacity in 2019.

23/01/2020 17:51 Chemicals & plastics Omri Cohen
Paz selling bitumen unit Pazkar

Inrom is buying Pazkar, which manufactures and markets insulation and waterproofing products for the construction and infrastructure sectors.

23/01/2020 16:21 Energy Kobi Yeshayahou
Israel's neighbors more successful in attracting tourists

Tourists visited Israel in record numbers last year, but Israel is still having trouble competing with Jordan, Egypt, Lebanon, and Cyprus.

23/01/2020 15:18 Tourism Michal Raz-Chaimovich
Transport Ministry mulls more carpool lanes

The Ministry of Transport is considering adding carpool lanes to Road 4 and the Jerusalem – Tel Aviv highway.

Leumi raises $750m CoCo bond from foreign investors

Bank Leumi, the first Israeli bank to issue CoCo bonds in Israel, is now also the first bank to issue them overseas.

23/01/2020 11:45 Financial services Ron Stein
Kaltura buys Israeli video conferencing co Newrow

Through this acquisition, Kaltura is expanding its presence in the video conferencing and meeting solutions markets.

Shekel weakens as BoI buys more foreign currency

Market traders have told "Globes" that the Bank of Israel is purchasing significant amounts of foreign currency.

23/01/2020 10:51 Market Amiram Barkat
Israel falls again in world corruption index.

Transparency International said that this year's index was characterized by stagnation and backsliding in anti-corruption efforts.

23/01/2020 09:11 Economy Globes correspondent

22 January 2020

Foot traffic data analysis co Placer.ai raises $12m

The Israeli company's solution empowers professionals to improve decision making, reduce risk and identify opportunities with accurate, reliable location data.

Georgian arms co sues Roni Milo for millions

The Georgian company has been involved in litigation against the former Tel Aviv Mayor for two and a half years.

22/01/2020 21:13 Legal Matan Barnir
ServiceNow buys Israeli IT solutions co Loom Systems

Loom Systems has developed an AIOps solution for predicting and solving IT problems.

Shapir, Orian win IDF supply center tender

The consortium will plan, construct, and operate the new supply center for 26 years.

22/01/2020 17:29 Real estate Guy Lieberman
Bus lanes - few and far between and rarely enforced

Only Tel Aviv has been levying fines against car drivers who travel in bus lanes.

Tactical Robotics, Boeing team on autonomous light planes

The Israeli company and Boeing will explore development of ducted fan propulsion technology with potential uses for piloted and autonomous light aircraft.

Israeli cyberthreat prediction co Vicarius raises $5m

Vicarius is the first cybersecurity platform globally to empower companies with proactive attack mitigation strategies for software vulnerabilities in real-time.

22/01/2020 14:02 Start ups Globes correspondent
Beersheva to shift city center to new innovation district

The area will include the university, and the hospital with Ben Gurion Boulevard becoming the Rothschild Boulevard of Beersheva.

22/01/2020 13:29 Real estate Guy Nardi
Microsoft to set up Israel data center

The Microsoft Azure data center will be the first set up in Israel by a tech giant and will provide cloud services in Israel from 2021.

22/01/2020 12:19 IT Omri Zerachovitz
AI data reclamation startup Mine raises $3m

The Israeli startup lets users regain control of their data and delete sensitive information on company websites.

22/01/2020 12:01 Start ups Omri Zerachovitz
More rain to come as Kinneret rises rapidly

The Kinneret has risen 1 meter since the start of January and is only 1.75 meters short of its maximum level.

22/01/2020 10:54 Water Simon Griver

21 January 2020

Insight Partners: Transforming Israeli startups into unicorns

With holdings in Israeli unicorns JFrog, Sisense, Lightricks and WalkMe and the recent acquisition of control in Armis at a $1.1 billion valuation, Insight has emerged as the king of Israeli tech.

Fox to set up Just Sport retail chain

The new chain will compete with Mega Sport, Decathlon and other sports fashion players in Israel.

21/01/2020 20:08 Retailing Shany Moses
Teddy Sagi talks about success, targets and family

In a rare interview, the Israeli billionaire tells Bizportal about his business philosophy, potential future investments and his six children.

FIMI doubles stake in Kamada with $25m investment

FIMI is increasing its stake in the Israel plasma-derived protein therapeutics company from 9% to 21%.

Elbit demonstrates high-altitude aerial firefighting solution

The Hydrop system high-altitude high-precision aerial firefighting system was demonstrated successfully in Israel.

Israeli cybersecurity co Snyk raises $150m

Snyk delivers developer-first security to organizations, empowering development teams to own, automate and deliver secure applications.

Israeli cybersecurity co Intezer raises $15m

The company has developed a genetic malware analysis platform.

21/01/2020 16:01 Start ups Globes correspondent
AppsFlyer raises $210m at $1.4b valuation

The Israeli SaaS mobile marketing analytics company has development offices in Haifa and Herzliya.

21/01/2020 15:51 Start ups Omri Zerachovitz
Isaac Herzog wins case against sharer of libelous post

The Supreme Court ruled that sharing as well as writing a post is subject to the libel laws.

21/01/2020 14:48 Legal Tal Schneider
Israel mid-ranking in global parking price index

Real estate appraiser Gil Maayan: Parking contributes to the already high costs of owning a car.

21/01/2020 14:36 Real estate Arik Mirovsky
Medical tech co Radiaction raises $18m

The company's product cuts radiation exposure for medical teams. The round was led by InnovaHealth Partners, which is increasing its exposure to Israel following a successful exit with OrthoSpace.

21/01/2020 12:16 Healthcare Gali Weinreb
Ben-Gvir adamant Otzma Yehudit will contest election

"They offered me positions in the Jewish National Fund, in the Zionist Federation, in the Israel Bar Association, even an ambassadorship."

21/01/2020 11:26 Politics Tal Schneider
Nir Dagan steps down as Arkia CEO

Arkia is in talks with its employees on a streamlining plan.

21/01/2020 10:45 Tourism Michal Raz-Chaimovich
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