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18 July 2019

Plane taking off Photo: Shutterstock ASAP Creative Airlines must compensate for missed connections in Europe

Non-European airlines are also obligated by EU regulations to pay compensation, including Israeli airlines.

18/07/2019 16:06 Tourism Michal Raz-Chaimovich
Danna Azrieli Photo: Eyal Yitzhar Azrieli invests $135m in North American data centers

The Israeli income-producing real estate company has acquired 20% of Compass Holdco, with an option to increase the stake to 33%.

New apartments Housing Ministry rejects Central Bureau of Statistics sales data

Benny Dreyfuss: "The figures published by the Central Bureau of Statistics do not reflect the true situation."

18/07/2019 13:36 Real estate Guy Lieberman
Shekel Photo: ASAP Creative Shekel resumes gains despite falling inflation

The lower than expected June CPI rise makes an interest rate cut next month much more unlikely.

18/07/2019 12:52 Market Globes correspondent
Gilad Altshuler Photo: Eyal Izhar Heavy demand for Altshuler Shaham Provident Fund IPO

The share price for the offering was 28.1% higher than the initial minimum price.

18/07/2019 11:50 Financial services Ron Stein
Doron Gerstel Photo: PR Perion share price surges over 40%

The Israeli company has improved its financial results, reduced its debt, and announced early repayment of its bonds.

18/07/2019 11:39 IT Shiri Habib-Valdhorn
Bar Refaeli and Leonardo deCaprio Photo: Reuters Bar Refaeli appeals NIS 8m back taxes bill

In her 30 page appeal to the Supreme Court, she claims that Leonardo DiCaprio's home in the US was her 'family home.'

18/07/2019 10:38 Legal Ela Levi-Weinrib
Yitzhak Tshuva Photo: Tamar Matsafi Delek slumps on revised Ithaca bond terms

Delek's share price is falling sharply after its Ithaca unit was forced to cut the amount of debt it is raising to finance the $2 billion acquisition of Chevron North Sea.

18/07/2019 10:25 Energy Guy Ben Simon
Bitcoin  Image: Reuters Israeli hacker indicted for suspected theft of NIS 6m cryptocurrency

Eliyahu Gigi from Tel Aviv is charged with offenses under the Computers Law, theft, fraud, aggravated counterfeiting, use of a forged document, perjury, money laundering, and offenses under the Income Tax Ordinance.

18/07/2019 07:02 Legal Ela Levi-Weinrib
Barak brandishes the face covering showin in Daily Mail article / Photo: Amir Meiri Daily Mail ignores Barak's ultimatum to remove Epstein article

Former Israeli Prime Minister Ehud Barak has blamed Benjamin Netanyahu for the article in the UK tabloid insinuating he met disgraced US financier Jeffrey Epstein together with young women.

18/07/2019 06:58 Politics Tal Schneider

17 July 2019

Cellcom to switch focus from mobile to TV, Internet

Cellcom has an alarming debt, and intense competition in the mobile phone market has put revenue into a tailspin.

17/07/2019 18:34 Market Gad Perez
Herzliya lot for business park sold for NIS 380m

The 1.825-acre site is close to the coastal road opposite a Paz filling station.

17/07/2019 16:55 Real estate Shlomit Tsur
Bar Refaeli to file NIS 8m tax ruling appeal Thurs

The international supermodel will try to convince Israel's Supreme Court that her permanent home in 2009 and 2010 was that of Leonardo DiCaprio in the US.

17/07/2019 16:15 Legal Ela Levi-Weinrib
BiomX to raise $70m in NYSE reverse merger with Chardan

The Israeli company's products combine microbiome and phages, two of the hottest medical fields.

17/07/2019 15:36 Healthcare Gali Weinreb
Mapi Pharma to launch generic Copaxone next year

Mapi Pharma has leased a Jerusalem plant, to manufacture delayed release Copaxone that can be taken twice a month.

17/07/2019 14:41 Healthcare Gali Weinreb
Barak to sue Daily Mail over Epstein photos

The former Israeli Prime Minister says he will sue the UK paper for defamation for insinuating he took part in parties with young women at Jeffrey Epstein's New York home.

17/07/2019 12:01 Politics Tal Schneider
Israeli tech cos raised record $3.9b in HI 2019

The country's high-tech companies are heading for another record year, IVC-ZAG reports.

17/07/2019 11:30 Start ups Globes correspondent
Israel Aerospace signs $50m follow-on Indian missile deal

Under the contract, IAI will provide complementary MRSAM systems for the Indian Navy's air defense system.

16 July 2019

Cellcom cuts infrastructure investment 25%

The Israeli telecom operator is pinning its hopes on lower costs as a result of its new fiber-optic infrastructure.

16/07/2019 19:01 Market Gad Perez
1215 more homes approved for Netanya's Neve Oz

1,960 housing units will be built in the neighborhood, including 243 small apartments and assisted living facilities for 300 residents.

16/07/2019 18:07 Real estate Guy Lieberman
Israeli cancer treatment co P-Cure raises $15m

P-Cure CEO: "Completion of the financing round will enable us to make the smart medical solution we have developed accessible to any oncological center that offers radiotherapy.

16/07/2019 17:37 Healthcare Globes correspondent
Eilat vacation prices fall sharply

Prices are projected to rise in August, especially in the last two weeks of the month.

16/07/2019 16:44 Tourism Michal Raz-Chaimovich
Israel Q1 growth revised upwards

The Central Bureau of Statistics has raised the annualized growth estimate for the first quarter from 4.8% to 5%.

16/07/2019 15:15 Economy Guy Ben Simon
Altshuler Provident Funds begins successful IPO

The NIS 5.90 share price in the IPO reflects a NIS 1.13 billion company value.

Embolic protection device co Filterlex raises $3m

The Israeli company has developed the CAPTIS device for reducing the risk of stroke and other complications during catheter-based structural heart procedures.

Israel Biotech Fund reports first closure of 2nd fund

The volume and extent of the closure was not disclosed, but is probably similar to IBF's first fund, which raised $70 million.

NICE Systems market cap overtakes Teva

The market cap of the Israeli business software systems provider has leapfrogged the ailing Israeli pharmaceutical firm.

16/07/2019 12:40 Market Simon Griver
Supreme Court upholds Psagot bond fraud verdicts, cuts sentences

David Edry and Shai Ben-David's sentences in the bond price manipulation affair that broke in 2010 have been reduced to 42 months and 22 months.

16/07/2019 11:17 Financial services
Shekel weakens against dollar after June CPI reading

The surprising fall in the CPI in June left the inflation rate in Israel below the official target range.

16/07/2019 10:39 Economy Globes correspondent

15 July 2019

Sandberg to launch Facebook's Playground program in Tel Aviv

Facebook COO Sheryl Sandberg will visit Israel next month and open Facebook's new space for startups and businesses, reports "Yediot Ahronot."

15/07/2019 22:34 Start ups Globes correspondent
Car finance co Lendbuzz raises $150m

Lendbuzz aims to disrupt the existing car financing market using machine learning algorithms.

15/07/2019 20:16 Start ups Omri Zerachovitz
Consortium to build homes, hotels in Tel Aviv's Basel Street

The winning consortium of White City Buildings, the JTLV group, and Isrotel will build apartments and hotels.

15/07/2019 19:22 Real estate Shlomit Tsur
CPI down 0.6% in June, home prices rise

Inflation in Israel was only 0.8% over the past 12 months, the Central Bureau of Statistics reports, decreasing the likelihood of a rate hike.

15/07/2019 18:58 Real estate Amiram Barkat
Bank Hapoalim appoints Dov Kotler CEO

Kotler replaces Arik Pinto, who is stepping down.

15/07/2019 18:37 Financial services Ron Stein
Birnbaum makes way for new SodaStream CEO

Birnbaum will become chairman and be replaced as CEO by Eyal Shohat, the company's deputy CEO.

15/07/2019 17:25 Economy Shiri Dover
Fattal launches shared office space - hotel brand Rooms

Fattal's first 'workspitality' venture is located adjacent to its NYX hotel in Tel Aviv.

Two bid in Israel's offshore energy licenses tender

The Ministry of Energy received only two bids from consortia including from UK companies Cairn and Soco, even though energy majors like ExxonMobil purchased tender documents.

15/07/2019 15:50 Energy Amiram Barkat
Shekel at 15-month peak against dollar

Leader Capital Markets macroeconomist Yonatan Katz: A Bank of Israel rate hike is still possible in the next few months.

15/07/2019 14:34 Market Simon Griver
Morgan Stanley slashes Teva price target

US investment bank Morgan Stanley has downgraded Teva to "Underperform", citing renewed pressure on generics prices.

15/07/2019 14:33 Healthcare Shiri Habib-Valdhorn
Discount Bank names Uri Levin CEO

Levin, who currently manages Discount Bank of New York, will replace Lilach Asher-Topilsky.

14 July 2019

Israeli gov't publishes 5G frequencies auction

The Ministry of Communications is offering mobile operators NIS 500 million as an incentive to act quickly.

TASE to offer 31.7% stake in IPO at NIS 700m value

The TASE offering will be the third largest this year after Isracard and Altshuler Shaham.

14/07/2019 18:13 Market Ron Stein
Brown to manage Zvieli's Tel Aviv hotels

Brown Hotels: Such centrally located hotels with potential in Tel Aviv will fit right in with our collection.

15% fall in new home sales

Jerusalem led in sales, followed by Kiryat Ono and Tel Aviv between March-June 2019, the Central Bureau of Statistics reports.

14/07/2019 16:06 Real estate Guy Lieberman
Yes begins marketing triple package

Israeli satellite TV company Yes is introducing a triple package - TV, Internet with speeds up to 100 megabyte and a landline.

14/07/2019 15:08 Market Gad Perez
Leviathan platform sets sail for Israel

The Leviathan field remains on schedule to deliver first commercial gas sales before the end of 2019.

14/07/2019 13:56 Energy Globes correspondent
Apartments sold and rented

A selection of recent real estate deals in Israel including in Ramat Gan, Givatayim and Ness Ziona.

14/07/2019 12:36 Real estate Shlomit Tsur
Medical device co Inmode seeks $75m in Nasdaq IPO

Inmode had sales of $100 million last year of its aesthetic and medical treatment devices, and is profitable.

Jerusalem braces for 3-year traffic jam

Private vehicles are being re-routed at the entrance to Jerusalem while a new business district is constructed.

Dov Kotler seen as leading candidate for Hapoalim CEO

Kotler formerly headed credit card company Isracard, then a Bank Hapoalim subsidiary. He was also CEO of failed investment house Prisma.

14/07/2019 10:24 Financial services Ron Stein

11 July 2019

ALD seeks Australian IPO for software subsidiary

The plan is for an offering at on the Australian Securities Exchange at a $10 million valuation for Advanced Logistics Development unit ALD Software.

Delek unit Ithaca to raise $700m debt

The roadshow for the bonds in Europe ended yesterday and will move to the US next week.

11/07/2019 18:49 Energy Kobi Yeshayahou
IBI Tech Fund invests $2.5m in two startups

IBI invested $2 million in sales process automation company RightBound and $500,000 in AI company Xperiti.

11/07/2019 16:36 Start ups Ron Stein
Israeli cybersecurity co enSilo raises $23m

enSilo's information protection platform safeguards end user stations and stops malicious attacks in real time.

11/07/2019 15:31 Start ups Uri Berkovitz
Melisron CEO quits after row with Ofer over loan

Avi Levy asked for a NIS 225 million loan from Liora Ofer to buy shares in Melisron.

Check-Cap reports positive results on colon screening pill

The primary efficacy endpoint of the study was the ability of C-Scan to correctly identify patients with polyps and the patients without polyps.

Fed Chair remarks stoke strong shekel gains

Hints by US Fed Chair Jerome Powell about a rate cut have pushed the shekel to its strongest against the dollar since April 2018.

11/07/2019 10:47 Market Simon Griver
Tel Aviv council approves huge tax hike on Airbnb apartments

The municipality is also mulling other restrictions such as limiting the number of days per year that an apartment can be rented on Airbnb.

10 July 2019

Delek in talks to sell Tamar rights to advanced training funds

The study funds will pay $53 million for the rights to super royalties from the Tamar natural gas field.

US investors sue Moshe Hogeg for NIS 6m

The lawsuit has been filed in the Tel Aviv District Court by two American-Jewish businesspeople who bought shares in Mobli for over $1.5 million.

10/07/2019 18:32 Legal Roy Katsiri
Bezeq raises NIS 890m bond

The bonds are rated 'AA/Negative' by Standard & Poor's Maalot and 'Aa2/Negative' by Moody's Israel's Midroog.

10/07/2019 17:55 Market Globes correspondent
YL Ventures closes $120m Israel cybersecurity fund

The fund will invest several million dollars in 10 startups at the seed stage and larger amounts in subsequent financing rounds.

10/07/2019 17:12 Start ups Omri Zerachovitz
Mobileye CEO: Robotaxis before series production cars

Amnon Shashua says that due to cost, regulation and scale, the industry must focus on robotaxi ride hailing as the future of mobility-as-a-service (MaaS) before series production cars.

10/07/2019 16:27 IT Simon Griver
El Al phasing out Boeing 747 Jumbos this year

The Israeli carrier is replacing the Jumbos with Dreamliners.

10/07/2019 15:33 Tourism Michal Raz-Chaimovich
IBI sees over 60% upside in Teva

IBI Investment House pharma analyst Steven Tepper thinks that the legal risks threatening Teva are being overpriced.

10/07/2019 14:49 Healthcare Shiri Habib-Valdhorn
Bridgepoint buys Israeli co Qualitest for $420m

The Petah Tikva-based company has developed a range of AI-powered engineering and testing products for tech firms.

Bank of Israel restricts bank payment apps

The aim of the restriction is to provide protection for the credit card companies.

10/07/2019 13:17 Financial services Ron Stein
LED lighting connectivity co Juganu raises $23m

The Israeli company is reshaping smart cities with a low-cost, swift to deploy communications grid based on LED street lighting.

IAI teams with Firefly on moon-lander for NASA

Israel Aerospace EVP: We are proud to partner with Firefly Aerospace and offer NASA our experience in rapid and affordable lunar missions.

Air Seychelles to launch Tel Aviv flights

Weekly flights to the Indian Ocean islands will begin in November.

10/07/2019 07:29 Tourism Globes correspondent
AppLovin buys Israeli app optimization co SafeDK

The Herzliya-based company has produced a software development kit for mobile apps.

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