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03 December 2020

Gulf Air / Photo illustration: Shutterstock Gulf Air signs maintenance agreement with IAI

Israel Aerospace Industries' Aviation Group will maintain Gulf Air planes at Ben Gurion Airport when the airline launches its Tel Aviv-Manama service.

Recip Erdogan Turkey in secret talks with Israel - report

According to Al-Monitor, at least three meetings have been held between the sides, after a decade of frosty relations.

03/12/2020 18:43 Politics Danny Zaken
Shai Novik Photo: Eyal Yitzhar Enlivex reports further success in Covid-19 trial

Seven severely ill patients treated with Enlivex's Allocetra, which stops the immune system running out of control, have fully recovered.

03/12/2020 18:15 Healthcare Gali Weinreb
El Al plane  / Photo: Yoav Yaari El Al handed $25m lifeline, struggling to find loan

El Al has asked the Ministry of Finance to increase the government guarantee for any from 75% to 82.5%.

03/12/2020 15:56 Tourism Michal Raz-Chaimovitz
Digital health  / Photo: Shutterstock OTV closes $170m Israel digital health VC fund

OTV has prioritized investment in digital health companies and portfolio companies including TytoCare, Lemonaid Health, Emedgene, Scopio and Donisi Health.

Covid-19 patient  / Photo: Ruby Castro Walla! News Third lockdown fears as new Covid-19 cases rise

1,568 people tested positive for the virus yesterday, Israel's Ministry of Health reports, the largest number of new infections since mid-October.

TikTok  / Photo: Shutterstock AppsVillage jumps 134% after teaming with TikTok

The Israeli company will manage ad campaigns for small and medium sized businesses on Tik Tok.

03/12/2020 13:10 IT Shiri Habib-Valdhorn
Shekel-dollar ASAP Creative Shekel strengthening towards 1996 levels against dollar

Analysts expect the Israeli currency to continue gaining against the dollar.

British Airways  photo: PR British Airways, easyJet restart Tel Aviv - London flights

The end of the second lockdown in England has increased demand.

03/12/2020 10:18 Tourism Globes correspondent

02 December 2020

Gush Dan mayors pan Metro plans

Many of the mayors in the Greater Tel Aviv Metropolitan region say they were not properly consulted on the routes of the Metro lines.

02/12/2020 18:33 Real estate Guy Nardi
"I wouldn't rule out NIS 3.00/$"

Financial analyst Shmuel Berger sees the shekel continuing to appreciate.

02/12/2020 17:44 Market Guy Ben Simon
Bill to dissolve Knesset passes preliminary reading

Elections for the 24th Knesset in 2021 moved a step closer today with the Knesset passing the first reading of the dissolution bill by 61 votes to 54.

Cancer drug development co Biosight raises $46m

Biosight, based at Airport City near Tel Aviv, is developing innovative cancer therapeutics for hematological malignancies and disorders.

02/12/2020 15:54 Healthcare Globes correspondent
Israeli medical valve co MitrAssist raises $50m

The Caesarea-based company has developed a medical valve that is inserted into a catheter for symptomatic patients with primary or secondary mitral regurgitation.

02/12/2020 15:26 Healthcare Globes correspondent
Israeli events platform co Bizzabo raises $138m

Bizaboo has successfully pivoted to develop technology for virtual conferences.

02/12/2020 14:14 Start ups Omri Zerachovitz
IDB trustee chooses Rami Levi's Israir bid

IDB Development trustee Adv. Ophir Naor has asked the court to approve the NIS 75 million bid by Rami Levy's BGI Investments.

02/12/2020 13:12 Tourism Michal Raz-Chaimovitz
Dissolution of Knesset liable to swell deficit

The Finance Ministry's attempts to nullify the effect on the fiscal deficit of the artificial rise in the average wage could be thwarted.

Israel's mortality rate up by over 20%

The number of excess deaths fairly closely matches the number of reported deaths from Covid-19.

02/12/2020 11:17 Healthcare Gali Weinreb

01 December 2020

Strengthening shekel dips below NIS 3.30/$

Analysts see the shekel continuing to appreciate against the dollar.

01/12/2020 19:28 Market Globes correspondent
Mobileye signs deal with China's NIO for robotaxis

NIO electric vehicles will be used in trials on Tel Aviv routes, after a delay in the arrival of Volkswagen minivans.

flydubai CEO: Demand will rise to 100 weekly flights

Ghaith Al Ghaith says the current 60 weekly flights on the Tel Aviv - Dubai route won't be enough for both tourism to UAE and connection flights.

Israel's electricity rates to fall in 2021

The IEC said that the lower tariffs were made possible by the sale Ramat Hovav power station, and the fall in natural gas and coal prices.

01/12/2020 14:54 Energy Amiram Barkat
OECD sees Israel's economy recovering only in 2022

The OECD's latest economic forecast sees Israel's economy contracting 4.25% in 2020, with only 2.25% growth in 2021 and 4.25% growth in 2022.

01/12/2020 14:33 Economy Globes correspondent
Israeli startups raised over $900m in November

Israeli tech companies, which raised a record $8.3 billion in 2019, have already raised over $9.7 billion in the first 11 months of 2020, despite the Covid-19 crisis.

01/12/2020 13:57 Start ups Globes correspondent
Israel Covid-19 vaccine head: We lack support

Israel Institute of Biological Research director general Prof. Shmuel Shapira is frustrated by over-regulation and the preference for foreign-made vaccines.

01/12/2020 13:26 Healthcare Gali Weinreb
Fattal reports tough quarter but sees upturn ahead

The hotel group's third quarter revenue was down 55% but the results were better than expected.

01/12/2020 11:52 Tourism Kobi Yeshayahou
Bezeq Int'l write-downs cut Bezeq's Q3 profit 85%

The subsidiary, which was recorded at a value of NIS 652 million on Bezeq's books, will be cut to a book value of NIS 123 million.

01/12/2020 10:18 Market Gad Perez

30 November 2020

Saudi Arabia grants last-minute approval for Israir Dubai flights

Israir launches its Tel Aviv - Dubai route tomorrow morning at 10am when 170 passengers are booked on its maiden flight.

TASE CEO: IAI flotation must include global investors

Ittai Ben-Zeev says Israel Aerospace will find it difficult to raise $1 billion solely from Israel investors.

Israel's mortgage holiday extended

Supervisor of Banks: The aim is to help customers coping with the fallout of the crisis.

30/11/2020 17:06 Financial services Ron Stein
BoI keeps rate unchanged, economy to shrink 4.5% in 2020

The Bank of Israel sees Israel's economy contracting 5% in 2020, if there is a drawback in removing restrictions.

30/11/2020 16:25 Economy Amiram Barkat
Millennium Food-Tech invests $4m in TIPA

TIPA is developing compostable, flexible food packaging to replace environmentally damaging platic packaging.

30/11/2020 13:45 Start ups Globes correspondent
Wet November bodes well for full Kinneret

The Israel Water Authority conducted a dress rehearsal yesterday for opening the Deganya dam.

30/11/2020 13:17 Water Globes correspondent
Shekel gains as rate nears NIS 3.30/$

Despite the ongoing appreciation of the shekel, Leader Capital Markets macroeconomist Yonatan Katz does not expect the Bank of Israel to change its monetary policy.

30/11/2020 12:48 Market Globes correspondent
Tesla set to disrupt the Israeli car market

The fully computerized electric vehicle manufacturer could ultimately end the traditional autonomy of Israel's car dealers and impact car insurance.

29 November 2020

Saudis might thwart Israeli airlines' Dubai flights

Saudi Arabia has given the green light for flydubai to fly over its airspace but permission for El Al, Israir and Arkia is not yet forthcoming.

29/11/2020 17:15 Tourism Michal Raz-Chaimovitz
Israel's Treasury sees 5% growth in 2021

The Ministry of Finance is expected to present a budget of NIS 426 billion for 2021, plus NIS 54 billion in special assistance because of the pandemic.

29/11/2020 16:42 Economy Amiram Barkat
Gasoline prices in Israel to rise Mon night

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise by NIS 0.09 to NIS 5.43 per liter on Monday night, December 1.

29/11/2020 14:41 Energy Globes correspondent
Delek Drilling files for London IPO for spin-off

Delek Drilling has filed with the Financial Conduct Authority to list a spin off on the London Stock Exchange that would own the Leviathan and Aphrodite fields.

29/11/2020 13:19 Energy Kobi Yeshayahou
Elbit wins $96m European air force training deal

The contract will be performed over a nine-year period, with an option to extend the maintenance services for an additional 10-year period.

Israel in talks to sell F-16s to Canada's Top Aces

The Ministry of Defense is hoping to sell 29 surplus fighter jets to the Montreal-based defense training contractor for $3-4 million each.

29/11/2020 10:48 Aerospace & defense Danny Zaken
Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Ramat Gan, Netanya, Hadera, Shoham, Ashdod and Yavne.

27 November 2020

Malls reopen as new daily virus cases climb above 1,000

Black Friday spending in Israel was down 10% on last year, according to credit card data.

27/11/2020 14:50 Healthcare Globes correspondent

26 November 2020

Migdal switches to Q3 profit

Recent rises in the capital market mean that the insurance group will return to collecting variable management fees on with-profit policies.

26/11/2020 19:52 Financial services Ron Stein
EU fines Teva 60.5m for "pay for delay" pact

The agreement was with Cephalon, which Teva subsequently acquired, concerning sleep disorder treatment modanifil.

26/11/2020 17:37 Healthcare Shiri Habib-Valdhorn
Elbit Systems wins Spanish Army radio deal

The solution to be supplied comprises hundreds of handheld E-LynX SDR systems for dismounted soldiers and vehicle systems.

Planning tender issued for seven Metro hubs

These are large hubs that will connect between the Metro, light rail, Israel Railways and buses and have major developments above the stations.

Delek swings to profit but 'going concern' warning remains

The Israeli energy company will face major cash flow challenges in 2021 and 2022, with more than NIS 3 billion to be repaid by the end of 2022.

26/11/2020 14:38 Energy Omri Cohen
Shekel stronger despite BoI intervention

With the shekel approaching NIS 3.30/$, traders reported that the Bank of Israel has bought hundreds of millions of dollars in foreign currency today.

26/11/2020 13:15 Market Globes correspondent
Black Cube to pay 350,000 costs on failed libel suit - report

The libel case was filed by Black Cube in the UK after the "Uvda" alleged that Israeli billionaire Idan Ofer, had hired the firm in 2014 to investigate then-finance minister Yair Lapid.

26/11/2020 12:41 Legal Globes correspondent
15 Israeli malls set to reopen Friday

The malls will remain open for a pilot period until December 6, during which time the effectiveness of health regulations will be monitored.

26/11/2020 11:03 Retailing Shany Moses
Avigal Soreq appointed El Al CEO

Soreq, an accountant and air force pilot and former Delek US SVP, will replace Gonen Usishkin.

Tel Aviv housing - less deals higher prices

The Covid-19 crisis has hit the Tel Aviv housing market hard with deals down 66%, the Madlan online realtor reports.

26/11/2020 10:17 Real estate Arik Mirovsky
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