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15 January 2021

price gun  photo: Tamar Matzafi CPI fell 0.1% in December, housing prices rose

The Consumer Price Index fell 0.7% in 2020, the Central Bureau of Statistics reports, while housing prices rose 3.2% over the past 12 months.

15/01/2021 14:51 Economy Bar Lavi
Robert Antika  PR Ohad Romano Israeli gaming co Playtika holds Nasdaq IPO at $11b valuation

The Herzliya-based company raised nearly $1.9 billion at $27 per share, above the planned range of $22-24 per share.

15/01/2021 08:08 IT Simon Griver

14 January 2021

Slovakia to buy Israel Aerospace radar systems for 150m

Israel's Ministry of Defense will deliver 17 radar systems produced by Israel Aerospace Industries to the Slovak Ministry of Defense.

14/01/2021 16:41 Aerospace & defense Danny Zaken
Israeli multiple codebase co Swimm raises $5.7m

The startup also launched its platform for sharing information about any codebase to make development processes smoother and faster.

14/01/2021 16:25 Start ups Globes correspondent
Bank of Israel to buy $30b foreign currency in 2021

The Bank of Israel says the announcement is to provide the market with certainty on its commitment to deal with the appreciation of the shekel.

14/01/2021 15:45 Economy Kobi Yeshayahou
Jerusalem Municipality approves lots for US embassy

The new embassy will be built on the former Allenby barracks and by expanding the consulate in Arnona.

14/01/2021 15:27 Real estate Guy Nardy
Energean to invest $150m in Karish North field

The offshore Israeli field has reserves of 32 billion cubic meters (BCM) of gas and 34 million barrels of liquids and should come on stream in 2023.

14/01/2021 13:57 Energy Kobi Yeshayahou
EasySend signs deal with Japanese insurance giant Sompo

The Israeli company's cloud-based technological solution converts PDF files into digital documents.

Wizz Air to launch Tel Aviv - Abu Dhabi flights

Operations will commence on the new route on February 12 with four weekly flights and from March 1, Wizz Air plans operating daily flights.

14/01/2021 13:00 Tourism Michal Raz-Chaimovitz
Israeli 3D print co Nano Dimension increases raise to $1b

The company, which raised $657 million in the fourth quarter of 2020, has now priced a $332.5 million offering, raising speculation it is about to make a major acquisition.

14/01/2021 12:07 IT Shiri Habib-Valdhorn
BoI fails to flatten curve as shekel gains continue

The shekel has gained 2.5% against the dollar since the start of 2021.

14/01/2021 11:08 Market Amiram Barkat
Fitch retains Israel's rating with stable outlook

Following the footsteps of S&P and Moody's, international credit rating agency Fitch has affirmed Israel's credit rating at A+, and retained its Stable rating.

14/01/2021 10:07 Economy Amiram Barkat

13 January 2021

Elbit Systems wins Asian unmanned naval vessel deal

The Israeli defense electronics company will supply Seagull Unmanned Surface Vehicles to the navy of an Asia-Pacific country.

13/01/2021 20:39 Aerospace & defense Danny Zaken
Kare Schultz: Teva set for single-digit growth in 2021

Although cuts, consolidation and streamlining will continue, the Teva CEO told the JP Morgan Healthcare Conference that the company will return to revenue growth this year.

13/01/2021 18:47 Healthcare Shiri Habib-Valdhorn
Israeli travel SaaS platform Gett raises $15m

The taxi-hailing app will use the new funds to roll-out its ground travel software platform for businesses worldwide.

13/01/2021 17:39 Start ups Globes correspondent
Discovery Channel in talks to buy stake in Israel's Reshet 13

Len Blavatnik and chairman Nadav Topolski, who currently have a 68% stake in Reshet through RGE Media, will remain the controlling shareholders.

Arkia seeks shell merger to list on TASE

Canzon has signed an agreement to find Arkia a publicly traded company with no commitments and debt and NIS 10 million cash.

Israeli fintech company Rapyd raises $300m

Businesses can accept and send payments without having to build their own infrastructure through the Rapyd Global Payments Network.

13/01/2021 15:18 Financial services Ofir Dor
Israeli IoT security co Vdoo raises $25m

The Tel Aviv-based company's automated product security platform for device manufacturers and deployers performs a complete security assessment in minutes.

13/01/2021 14:30 Start ups Globes correspondent
Clal, Migdal investing $400m in Pagaya funds

Pagaya co-founder Yahav Yulzari: We came through the coronavirus year with flying colors. The AI-based investment company plans to recruit 100 R&D workers in Israel.

Haifa mayor slams Treasury over "Bay of Innovation" plan

Haifa mayor Einat Kalisch-Rotem: From Jerusalem they don't see Haifa.

13/01/2021 13:20 Real estate Guy Nardi
Major Israel study finds Pfizer vaccine cuts infection rate

The Clalit Health Fund compared 200,000 Israelis over 60 who received the vaccine with 200,000 who did not.

12 January 2021

Biond Biologics sells cancer drug rights to Sanofi for $125m

The Israeli company could also be entitled to $1 billion in milestone payments plus royalties for its immunotherapy treatment.

12/01/2021 18:00 Healthcare Gali Weinreb
Lemonade to raise $830m in secondary offering

Shareholders are taking advantage of the company's peak market cap of $10.371 billion to sell some of their shares.

Glilot launches $170m VC growth fund

The new fund will invest in post-Series A enterprise software and cybersecurity companies.

12/01/2021 16:05 Start ups Globes correspondent
Sheldon Adelson dies

The US casino magnate, philanthropist, political donor and strong supporter of Israel has died aged 87 from lymphoma.

12/01/2021 15:47 Politics Globes correspondent
Steinmetz's Swiss trial on alleged Guinea mine bribe begins

Beny Steinmetz denies paying $8.5 million in bribes to secure the concession for the world's largest iron ore mine.

12/01/2021 15:24 Legal Assaf Uni
McAfee to close Israel development center

Most of the 60 employees at McAfee's Tel Aviv offices will be laid off.

12/01/2021 14:09 Employment Uri Berkovitz
Unstoppable shekel powers further ahead

Excellence Nessuah: The shekel is on steroids, gaining sharply against all the world's leading currencies also because of Israel's swift vaccination drive.

12/01/2021 13:37 Market Globes correspondent
Fiverr worth over $8b, Kolber reduces stake

Jonathan Kolber has reduced his stake in the Israeli freelance services platform from 12.7% to 8.5%.

12/01/2021 12:56 IT Shiri Habib-Valdhorn
New ILA chief halts Haifa Bay renewal plan

Yaakov Kvint, who was appointed Israel Land Authority director in December, has frozen work on the plan for evacuating Haifa Bay's petrochemical plants.

Mobileye expands into lidar and radar

Mobileye is intensifying its collaboration with Chinese car maker Geely, and developing its own lidar and radar chips for autonomous vehicles.

11 January 2021

Israel ends 2020 with 11.7% fiscal deficit

The country's fiscal deficit has reached its widest since the 1980s because of the Covid-19 crisis.

11/01/2021 17:56 Economy Amiram Barkat
Shekel boosted by vaccine success

The shekel is at its strongest against the dollar since September 1996 and its strongest in six months against the euro.

11/01/2021 17:39 Market Globes correspondent
Altshuler Shaham in talks to buy Psagot

Altshuler Shaham has confirmed "Globes" exclusive report that it is considering buying rival investment house Psagot from Apax.

11/01/2021 16:24 Financial services Ron Stein
IHS Markit buys Israeli software co Cappitech

The Herzliya-based company has developed technology for regulatory reporting of capital market financing deals.

11/01/2021 15:33 Mergers & acquisitions Ofir Dor
Israel Aerospace delivers radar systems for US Army tanks

IAI has completed delivery of several hundred of its WindGuard radar systems for the US Army's Abram tanks.

Court sets new Netanyahu trial date

Prime Minister Benjamin Netanyahu and his fellow defendants will appear in the Jerusalem District Court on February 8.

11/01/2021 13:10 Politics Chen Ma'anit
Elbit Systems UK unit wins 123m Royal Navy contract

The contract for the supply of shore-based training systems as part of the Royal Navy Future Naval Training Program.

Ace DIY chain completes NIS 150m IPO

Most of the offering was an offer for sale by Kedma Capital.

11/01/2021 10:04 Retailing Globes correspondent

10 January 2021

Lemonade worth over $9b as selloff concerns fade

The Israeli digital insurance company has risen 550% since its IPO last June.

Israel's Mekorot to sign Bahrain desalination deal

The Israeli national water company is confident of signing more deals with Bahrain and the UAE.

More Pfizer vaccine doses delivered to Israel

Prime Minister Benjamin Netanyahu said that 72% of over 60s have had their first jab and inoculations for 50-60 year olds will begin next week.

10/01/2021 18:11 Healthcare Shani Ashkenazi
Tadiran launches air conditioner that kills household germs

The patent protected hydrogen peroxide based technology reportedly kills 99.9% of bacteria and viruses found in the home.

Tel Aviv parking rents up 7% in 2020

The number of the city's residents seeking to rent a parking place near their home rose to a record 29,000 in August, Yad2 reports.

10/01/2021 16:02 Real estate Bar Lavi
Likud surges in latest poll

The poll published by Channel 13 News on Friday shows Likud on 31 seats, with New Hope and The Israelis losing ground.

10/01/2021 12:59 Politics Shlomit Ravid
Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Modi'in, Ramla, Netanya and Rosh Ha'ayin.

Aryeh Deri faces indictment for tax offenses

Attorney General Avichai Mandelblit has decided to drop the remaining accusations against Deri.

10/01/2021 12:03 Politics
Demonstrators protest against Netanyahu trial deferral

The Jerusalem District Court decided to postpone indefinitely the hearing at which the prime minister and his fellow defendants were due to answer charges.

10/01/2021 10:45 Politics Nitsan Shafir

08 January 2021

Israel trades medical data for vaccine doses

"Globes" reveals how Pfizer was persuaded to make it a top priority to provide Israel with millions of Covid-19 vaccine doses.

08/01/2021 14:01 Healthcare Danny Zaken
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