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17 November 2019

Skymax commercial / Photo: PR Max launches new card with points convertible to flights

Tickets from all airlines, including low-cost airlines, can be booked on a dedicated website.

CyberArk Photo: PR CyberArk raises $500m in convertible note offering

The zero interest notes are convertible to shares in cybersecurity solutions company CyberArk at 37.5% above the current market price.

17/11/2019 16:03 IT Shiri Habib-Valdhorn
Sami Totah / Photo: PR Matomy reports selling Team Internet for 46m

The sale will enable Matomy to repay its bond debt.

Growth Photo: Shutterstock Israel's Q3 growth surprisingly high

The Central Bureau of Statistics estimates third quarter growth at an annualized 4.1%, making an interest rate cut at the end of the month less likely.

17/11/2019 14:39 Economy Amiram Barkat
K?re Schultz Oklahama judgment boosts Teva

The court reduced the fine imposed on Johnson & Johnson in the opioids case.

17/11/2019 13:50 Healthcare Shiri Habib Valdhorn
Uri Geiger Accelmed seeks $400m for new medical devices fund

Accelmed's fourth fund will work according to its established model of grafting new technologies onto stagnating companies, but will also invest in growth companies.

17/11/2019 13:11 Healthcare Gali Weinreb
Eduardo Elsztain  photo: Eyal Izhar IDB Development sells further 7.8% of Clal Insurance

The sale was for a combination of cash and IDB Development series 9 and 14 bonds.

17/11/2019 11:42 Financial services Omri Cohen
Max commercial / Photo: PR Rebranding still weighs on credit card co Max

Regulatory changes and the name change from Leumi Card to Max are still having a negative impact on the credit card company's results.

17/11/2019 11:28 Financial services Ron Stein
Facial recognition Photo: Shutterstock Microsoft probing Israeli facial recognition co AnyVision - report

Reuters reports that Microsoft is examining whether use of AnyVision's technology in the West Bank breaches its ethical principles. Microsoft is invested in AnyVision through M12.

17/11/2019 09:57 IT Omri Zerachovitz

15 November 2019

CPI rose 0.4% in Oct, home prices rise again

Israel's Consumer Price Index has risen by 0.4% over the past year, while housing prices have risen 1.9%.

15/11/2019 14:26 Real estate Amiram Barkat
Warren Buffett recoups some Teva losses

Despite recent gains in the Israeli pharmaceutical company's share price, Berkshire Hathaway is still well down on its 4% Teva stake.

15/11/2019 14:12 Healthcare Shiri Habib-Valdhorn

14 November 2019

Travel-tech co Refundit raises $10m

Refundit enables travelers to claim VAT refunds via an app instead of queuing at airports.

14/11/2019 19:27 Tourism Yasmin Yablonko
Wix dips on lower guidance

Website building solutions company Wix reported better than expected third quarter results, but lowered its full-year guidance.

14/11/2019 17:21 IT Globes correspondent
Ribbon Communications to buy ECI Telecom for $486m

ECI is a veteran Israeli communications equipment developer owned by Shaul Shani.

NICE Systems reports strong growth, raises guidance

The company posted $387 million in revenue in the third quarter, 8% more than in the third quarter last year.

14/11/2019 15:45 IT Globes correspondent
Israeli sports analytics co Track160 raises $5m

Track160 has developed a fully automated tracking solution for soccer teams.

14/11/2019 15:33 Start ups Globes correspondent
New home sales up 58% in 2019

New homes sales in the first nine months of 2019 rose 58% over the corresponding period of 2018, the Central Bureau of Statistics reports.

14/11/2019 15:13 Real estate Ariv Mirovsky
Yango challenging Gett in Israel's taxi app market

Having gained a foothold in Greater Tel Aviv, Yandex's Yango is expanding operations to Beersheva, Haifa and the north.

Gaza ceasefire boosts shekel

The Israeli currency is stronger than when the rocket fire from Gaza began on Tuesday.

14/11/2019 12:11 Market Simon Griver
Invitea buys chatbot co Clear Genetics for $50m

Clear Genetics has developed a chatbot for making genetic tests accessible to consumers.

14/11/2019 11:40 Healthcare Gali Weinreb
Islamic Jihad declares ceasefire

Islamic Jihad announced a ceasefire from 5.30 am. Israel: Quiet will be met with quiet.

14/11/2019 08:25 Politics Globes correspondent

13 November 2019

Israeli cybersecurity co CyberArk to raise $500m debt

The Petah Tikva-based company will issue bonds in a private placement.

13/11/2019 21:23 IT Kobi Yeshayahou
Islamic Jihad leader heads for Cairo ceasefire talks

Damascus-based Palestine Islamic Jihad leader Ziyad Al-Nakhaleh has accepted an invitation to meet with Egyptian intelligence officials, Walla! News reports.

8,500 homes approved for Petah Tikva

The National Committee for Planning Priority Housing Areas approved the controversial plan for the Sirkin IDF camp being evacuated.

13/11/2019 19:50 Real estate Guy Nardi
Moti Ben-Moshe in talks to buy Gindi's TLV Mall stake

Ben-Moshe's Blue Square Real Estate already owns half of the financially troubled Tel Aviv mall and residential project.

13/11/2019 18:52 Real estate Shai Shalev
Israeli gig economy platform Fiverr raises guidance 40%

The company reported higher revenue but is still a lossmaking concern.

13/11/2019 18:46 IT Globes correspondent
Haifa unveils Kiryat Eliezer urban renewal plan

Towers of up to 22-floors will be built in the neighborhood, with a 3.5 ratio between new and demolished housing units.

13/11/2019 17:17 Real estate Guy Nardi
Histadrut and Pelephone agree 400 layoffs

The layoffs will include early retirement packages for tenured workers and Pelephone employees will receive a 7% pay rise, and a 1% annual bonus.

13/11/2019 15:50 Employment Globes correspondent
Tower slumps as revenue guidance disappoints

The company's third quarter revenue totaled $312 million, less than in the third quarter of 2018 and at the lower end of the company's guidance.

13/11/2019 14:43 IT Globes correspondent
Israeli cybersecurity co Pcysys raises $10m

The cybersecurity risk validation company has developed a platform for automated penetration testing.

13/11/2019 14:33 Start ups Globes correspondent
Digital health co Diagnostic Robotics raises $24m

The Israeli company deals with load management at hospitals and aims to shorten waiting times.

13/11/2019 14:14 Healthcare Gali Weinreb
Israeli co ProteKt Therapeutics raises $3.6m

The Ness Ziona-based company is developing new PKR kinase inhibitor-based therapies for neurodegenerative diseases including Alzheimer’s disease.

Lossmaking Lemonade postpones IPO - report

Like other Softbank portfolio companies WeWork and Uber, Israeli insurtech startup Lemonade has high revenue, but it is still losing money.

Urogen buys new urinary tract cancer drug candidate

Urogen is paying $10 million immediately for the rights to develop the product, and will pay $115 million more if Agenus's product meets several milestones

13/11/2019 11:39 Healthcare Gali Weinreb
Shekel rebounds despite rising rocket count

Prico: The market is moving within a very limited range of NIS 3.48/$ and NIS 3.53/$.

13/11/2019 11:23 Market Globes correspondent
AI vision co Eyesight wins $15m US vehicle OEM deal

The Israeli company's DriverSense system will be integrated into two new car models with the start of production scheduled for 2021.

13/11/2019 10:22 Start ups Dubi Ben-Gedalyahu
Amdocs sees 2020 growth, expands AT&T agreement

The Israeli business systems and software provider reported record revenue and higher profit for the fourth fiscal quarter of 2019.

13/11/2019 10:04 IT Kobi Yeshayahou
Rocket fire continues as Tel Aviv schools reopen

Businesses and schools are reopening in Tel Aviv but the situation remains tense in southern Israel.

13/11/2019 07:15 Politics Globes correspondent

12 November 2019

Dan bus co to sell 50% stake this month

The Value Base investment house and a group of senior managers are planning a TASE IPO for Dan.

Migdal in advanced talks to buy Herzliya Medical Center stake

Sources: Yair Landau is seeking to sell shares at a valuation of NIS 800 million-1 billion.

12/11/2019 18:39 Healthcare Ron Stein
JP Morgan upgrades Teva

Analyst Chris Schott has upgraded Teva from "Underweight" to "Neutral" but maintained the $8 price target, a 16.4% downside on the current share price.

12/11/2019 18:14 Healthcare Globes correspondent
Can Israel's economy withstand a protracted conflict?

Israeli economists estimate the potential damage to the country's economy, if the rocket attacks from Gaza continue.

12/11/2019 17:37 Economy Amiram Barkat
EU court rules Judea & Samaria goods must be labeled

The European Court of Justice ruled today that products manufactured in Judea and Samaria, East Jerusalem, and the Golan Heights must be clearly marked.

12/11/2019 16:19 Politics Avishai Greenzweig
Angular Ventures closes $41m Israel, Europe seed fund

The fund was founded in May 2018 and has already invested in 12 startups in Israel and Europe.

12/11/2019 15:43 Start ups Globes correspondent
Teva spin-off 89bio soars after $85m Nasdaq IPO

The Israeli biopharmaceutical company's lead candidate treats NASH, a severe form of nonalcoholic fatty liver disease.

No changes in Ben Gurion Airport flight schedule

El Al: Due to the security situation, the airline will allow ticket changes and cancellations at no cost until November 16.

12/11/2019 12:51 Tourism Michal Raz-Chaimovich
Building begins on new Jerusalem entrance highway

Shapir and Italian company Pizzarotti will build the five kilometer highway from Motza to southwest Jerusalem.

InMode up 188% since IPO

The medical esthetics company reported a $16 million profit on $40 million revenue in the third quarter.

12/11/2019 11:23 Healthcare Gali Weinreb
Hamas seen limiting response to Abu al-Ata killing

The Hamas leadership is presumably not grief-stricken at the demise of "the troublemaker of Gaza."

12/11/2019 11:09 Politics Dan Zaken
Shekel weakens on Gaza escalation

Shekel exchange rates against the US dollar and the euro have risen; trading on the Tel Aviv Stock Exchange is fairly stable.

12/11/2019 10:07 Market Globes correspondent
Israel on high alert after IDF kills Islamic Jihad commander

Schools and non-essential businesses in the south and center of the country are closed. Ben Gurion Airport remains open.

12/11/2019 08:59 Politics Globes correspondent

11 November 2019

Ellomay drops Galilee pumped storage project

Manara Cliff project manager Doron Grupper and his team were notified that they would be laid off in 90 days unless progress is made with the Israel Land Authority.

Israel dermal filler co Hallura raises $7m

The Yokneam-based company has developed a novel crosslinking technology answering the growing demand for natural and soft non-invasive aesthetic treatments.

11/11/2019 19:23 Healthcare Globes correspondent
Steinmetz co slams Israel for giving Ishai rights to Cyprus

"The government is allowing Delek Group, Noble Energy to humiliate it," says Ohad Schwartz, a director at Nammax Oil & Gas,

11/11/2019 18:46 Energy Amiram Barkat
Moti Ben-Moshe eyes Mega

According to market sources, Ben-Moshe has held meetings to examine the acquisition of the Mega supermarket chain owned by Yenot Bitan.

11/11/2019 18:42 Real estate Shany Moses
Israeli dermatology co Foamix merging with US co Menlo

Foamix's shareholders will own 59% of the merged company and Menlo's shareholders 41%.

11/11/2019 18:08 Healthcare Gali Weinreb
IDB completes Clal Insurance deal with Eyal Lapidot

The sale of 5% of Clal Insurance to Lapidot crystallizes a loss of NIS 60 million for Eduardo Elsztain's IDB Development.

11/11/2019 17:31 Financial services Omri Cohen
Beit Shemesh: Israel's fastest growing city

At the end of 2018, Beit Shemesh had a population of 118,676, 62.3% up from 72,700 at the end of 2008, the Central Bureau of Statistics reports.

11/11/2019 16:00 Real estate Arik Mirovsky
Israel moves to counter aviation cyber threat

The Israel National Cyber Directorate's Hercules project will be led by Matrix Defense, in collaboration with international and local companies.

Electricity rates in Israel to fall in 2020

Energy industry sources estimate that electricity prices will fall 5% and perhaps even by as much as 9% at the beginning of next year.

11/11/2019 14:37 Energy Amiram Barkat
Amazon launches Hebrew interface, Israel delivery offer

Free delivery comes with purchases of over $49, but does not apply to all products.

11/11/2019 12:44 Retailing Michal Raz-Chaimovich
Stop using plastic disposables, SPNI tells Israelis

At its upcoming climate conference, the Society for the Protection of Nature in Israel will name organizations that commit to ending plastic pollution.

11/11/2019 12:28 Economy Shani Ashkenazi
Neto sells Bikurei Hasade Darom stake to Sheva brothers

Food company Neto, controlled by Dudi Ezra, will post a pretax gain of NIS 160 million on its stake in the fresh produce wholesaler.

10 November 2019

Tarantino and Pick lease Tel Aviv house

US filmmaker Quentin Tarantino and his Israeli wife Daniella Pick will pay NIS 80,000 rent per month on the home.

10/11/2019 23:08 Real estate Guy Lieberman
Navitas Petroleum raises $19.5m

The proceeds from the exercise of options will strengthen the company's capital base and enable it to implement its strategic plan.

10/11/2019 19:37 Energy Globes correspondent
OECD: Rise in life expectancy in Israel slowing

Life expectancy fell in 19 OECD countries in 2015. Israel has higher than average life expectancy despite lower than average expenditure on health services, the OECD reports.

10/11/2019 17:34 Healthcare Hila Weissberg
Playtika hires 100, leases Herzliya offices

The Israeli online games developer recently hired 100 people in Israel who will be employed in its Herzliya head office and the nearby newly leased offices.

10/11/2019 16:59 Real estate Hilit Yanai-Levison
Delek completes $1.75b Chevron North Sea assets acquisition

Delek said the deal will quadruple Ithaca’s production to 80,000 barrels of oil equivalent per day and raise the company's proven reserves by 150% to 225 million barrels.

10/11/2019 15:56 Energy Globes correspondent
IBI: Teva CEO successfully navigating stormy seas

IBI pharma analyst Steven Tepper says, "Kare Schultz now has a safe harbor in view."

10/11/2019 15:38 Healthcare Shiri Habib-Valdhorn
Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv and Hod Hasharon.

10/11/2019 13:46 Real estate Hilit Yanai-Levison
Teva CEO sees 2020 improvement

Kare Schultz has reiterated that 2019 is a 'trough year' for Teva and that there will be a marginal improvement in operating profit next year.

10/11/2019 12:42 Healthcare Simon Griver
Moshe Hogeg in $2-6m token sale for BlockTV venture

BlockTV's digital coins will be offered on the Bittrex Global cryptocurrency exchange.

10/11/2019 11:35 Financial services Roy Katsiri
Liberman issues ultimatum to Gantz and Netanyahu

Yisrael Beitenu leader Avigdor Liberman says he will support Benjamin Netanyahu or Benny Gantz as prime minister if the other thwarts a unity government.

10/11/2019 11:00 Politics Globes correspondent
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