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03 July 2020

Yoav Turgeman Photo: IAI IAI signs Covid-19 R&D deal with Abu Dhabi's Group42

Israel Aerospace and Group42 will leverage AI and other innovative technologies including lasers and sensors, to develop new Covid-19 focused systems.

03/07/2020 16:54 Healthcare Globes correspondent
Daniel Schreiber and Shai Wininger  photo: Ben Kalmar Lemonade ends first day on NYSE up 140%

Wall Street investors have shown that they have the appetite for the risk involved in the digital insurance company.

El Al dreamliner / Photo: Yochai Mussi El Al shuts down

The Israeli airline has put all its remaining 500 air crew, including 100 pilots, on unpaid leave.

02 July 2020

Netanyahu promises six-month economic aid plan

Prime Minister Benjamin Netanyahu and Minister of Health Yuli Edelstein announced measures to curb Covid-19's resurgence.

02/07/2020 22:57 Healthcare Tal Schneider
C'tee nixes contributions to finance Netanyahu's trial defense

The State Comptroller's Office Permissions Committee accepted the attorney general's opinion that such contributions were illegal.

02/07/2020 20:40 Legal Chen Ma'anit
Food manufacturer Baladi mulls TASE IPO

Founded in 1916 as a butcher in Tel Aviv's Carmel market, the family-owned company is now aiming to trade on a very different type of market.

Limits in Israel for cash payments to be cut again

The legal limit for cash payments is to be reduced from NIS 11,000 to NIS 6,000 for businesses and from NIS 50,000 to NIS 15,000 for individuals.

02/07/2020 15:10 Economy Ela Levi-Weinrib
easyJet resumes Tel Aviv flights

During July, the UK low-cost carrier is only flying five weekly flights between London, Luton and Tel Aviv.

02/07/2020 12:01 Tourism Simon Griver
Eyal Ofer increases stake in Mizrahi Tefahot Bank

Ofer has increased his controlling stake by 0.3% to 22.5% by buying shares for NIS 55.3 million.

Amdocs to lay off hundreds

Amdocs: We are continually strategically looking at the situation of our work force and adjusting it to changing business needs.

02/07/2020 10:36 Employment Omri Zerachovitz
Lemonade upsizes IPO to company valuation of $1.6b

The Israeli insurtech company says it will begin trading on the NYSE today.

01 July 2020

Redefine Meat serves world's first 3D printed vegan steak

Alt-Steak is a plant-based product, which will undergo market testing at select high-end restaurants later this year.

Wix expands e-commerce solutions

The Israeli company's share price is up 3.14% on Nasdaq today at $264.27, giving a market cap of $13.73 billion.

01/07/2020 18:36 IT Globes correspondent
Dershowitz to sue Netflix in Israel on Epstein documentary

The renowned US lawyer has hired US and UK lawyers and Israeli lawyer Galia Cohen to sue Netflix for defamation about allegations he had intimate relations with Virginia Roberts.

01/07/2020 18:09 Legal Chen Ma'anit
Eyal Waldman to join Check Point board

The annual general shareholders meeting is being asked to vote Waldman onto the board of the Israeli cybersecurity company.

01/07/2020 17:43 IT Shiri Habib-Valdhorn
Israel Aerospace to lay off 900, as CEO quits

Nimrod Sheffer is stepping down after two years as sources inform "Globes" that IAI's Aviation Group will cut 900 out of 5,000 jobs.

Digital assets security co Curv raises $23m

The company has also unveiled tX - an elite group of cryptographers and engineers who use Curv’s keyless technology to develop flexible deployment models.

01/07/2020 15:32 Start ups Yasmin Yablonko
MediWound files for FDA approval for burns treatment

The Israeli company is seeking approval of NexoBrid for eschar removal (debridement) in adults with deep partial-thickness and/or full-thickness thermal burns.

01/07/2020 14:36 Healthcare Gali Weinreb
Shekel resumes gains

The shekel-dollar exchange rate had been anchored around the NIS 3.45/$ rate for the past month.

01/07/2020 14:27 Market Globes correspondent
Israeli startups raised nearly $700m in June

Israeli tech companies, which raised a record $8.3 billion in 2019, have raised over $4.7 billion in the first six months of 2020, despite the Covid-19 crisis.

Elbit Systems awarded $53m Asia naval intelligence deal

The Israeli defense electronics company will equip several vessels with suites that provide the capability to perform complex reconnaissance missions.

Shikun & Binui CEO Eyal Lapidot leaves with NIS 50m

After only 13 months, Lapidot is leaving after disagreements with controlling shareholder Naty Saidoff.

Clal Insurance chair Dan Naveh seeks to resign immediately

The resignation comes after the failure of Dan Naveh's attempt to remove CEO Yoram Naveh.

01/07/2020 11:58 Financial services Ron Stein
NIS 2.77b loss for Delek Group in first quarter

The loss was largely due to a write-down of North Sea oil subsidiary Ithaca Energy.

01/07/2020 11:19 Energy Globes correspondent
El Al stops flying

El Al CEO Gonen Usishkin has ordered that all aircraft should return to Israel, including those on cargo flights.

01/07/2020 10:54 Tourism Michal Raz-Chaimovich
El Al posts $140m first quarter loss

The loss cannot be entirely attributed to the coronavirus pandemic, which began affecting El Al only in March.

30 June 2020

Israelis excluded as EU reopens borders

Israel's Covid-19 infection rate for new cases exceeds the EU's criteria but the situation will be reviewed every 14 days.

30/06/2020 19:06 Tourism Assaf Uni, Berlin
Unemployment hitting young people hardest

Only 20% of people aged 24 or younger who were put on unpaid leave had returned to work by the end of May, the Israel Employment Service reports.

30/06/2020 17:54 Employment Dafna Bramly-Golan
Israeli cybersecurity co Hunters raises $15m

The Tel Aviv-based company Hunters will deepen its machine-learning R&D and enable customers to extend threat detection.

30/06/2020 17:07 Start ups Yasmin Yablonko
New housing plan: Center to subsidize outlying regions

Construction and Housing Minister Yaakov Litzman has unveiled a new plan to provide affordable housing for first time buyers.

30/06/2020 16:03 Real estate Arik Mirovsky
Israeli big data co Upsolver raises $13m

The company has developed big data processing software for operating data lakes.

30/06/2020 15:05 Start ups Yasmin Yablonko
Shekel weaker as dollar boosted by positive US data

US Fed Reserve chair Jerome Powell has welcomed the faster than expected bounce back but warned on "extraordinary uncertainty."

30/06/2020 14:41 Market Globes correspondent
TASE launches English version of MAYA corporate site

The Israel Securities Authority (ISA) encourages companies to publish their reports in English as well as Hebrew, in order to make the information accessible to foreign investors.

30/06/2020 13:24 Market Globes correspondent
6,900 homes approved for Rehovot

The new neighborhood in the east of the city will stretch between Menachem Begin Blvd. and Road 40.

30/06/2020 13:09 Real estate Ori Chudy
Hotel group Fattal posts NIS 307m first quarter loss

Fattal Holdings sees worse results for the second and third quarters, but there is some revival in bookings in Israel and Europe.

30/06/2020 11:45 Tourism Kobi Yeshayahou

29 June 2020

Israeli cybersecurity co Cynet raises $18m

Cynet provides an autonomous breach protection platform that consolidates and automates monitoring and control.

29/06/2020 18:47 Start ups Yasmin Yablonko
Moving to Jerusalem: US Ambassador's residence for sale

The US Embassy in Israel is asking NIS 300 million for the Herzliya house, which would be a record price for an Israeli home.

29/06/2020 17:31 Real estate Ori Chudy
Israeli coronavirus cabinet restricts gatherings to 50

Despite the upsurge in new infections, 250 people will still be allowed to attend weddings and cultural performances.

IAI adds Iron Drone intercepting drones to Drone Guard

Israel Aerospace's anti-drone system will add the interception capabilities to its advanced radar detection systems.

DevOps co Codefresh raises $27m

Codefresh has developed a continuous integration and delivery (CI/CD) platform for Kubernetes.

29/06/2020 15:01 Start ups Uri Berkovitz
Chiasma wins FDA approval for acromegaly treatment

MYCAPPSA is the first treatment for chronic acromegaly that can be taken orally with a pill rather than by injection.

Israeli digital music catalog co Artlist raises $48m

The kibbutz-based provides high-quality, royalty-free licensed music, stock video clips, and sound effects for digital creative industries.

29/06/2020 12:37 Start ups Globes correspondent
Edelstein: Comply with guidelines or face lockdown

As coronavirus numbers in Israel rise, Minister of Health Yuli Edelstein wants more restrictions to avoid "huge economic damage".

29/06/2020 11:00 Healthcare Gali Weinreb
Hapoalim board appoints Reuven Krupik permanent chair

Krupik has been acting chairperson of Bank Hapoalim since February.

29/06/2020 09:51 Financial services Ron Stein

28 June 2020

The US, China and Israel - a complex triangle

US China trade frictions will escalate whoever wins the presidential election, argues Dave Rank. Israel must adjust accordingly.

28/06/2020 19:28 Politics Dave Rank
EY Israel to lay off several dozen

Israel's largest accounting firm is recalling 350 staff from unpaid leave on July 1 but there will also be layoffs.

28/06/2020 18:21 Employment Ela Levi-Weinrib
Gov't extends unemployment benefits until mid-August

Employees in Israel placed on unpaid leave due to the crisis will now be entitled to unemployment pay until mid-August.

28/06/2020 16:35 Economy Amiram Barkat
Canzon signs cannabis CBD Bulgarian distribution deal

CAN Health OOD will sell Canzon's products to hundreds of pharmacies in Bulgaria.

28/06/2020 14:40 Healthcare Globes correspondent
Gasoline prices in Israel to rise 4.5% Tue night

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise by NIS 0.23 to NIS 5.44 per liter on Tuesday night, July 1.

28/06/2020 13:25 Energy Michal Raz-Chaimovich
Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Beit Shemesh, Modi'in, Rosh Ha'ayin and Haifa Bay.

PolyPid raises $60m at third IPO attempt

The delayed drug release technology company raised more than it originally planned, and its share price rose after the offering.

28/06/2020 12:18 Healthcare Gali Weinreb
All new buildings to have EV charging infrastructure

The measure is one of several in this year's Economic Arrangements Bill designed to further Israel's renewable energy program.

28/06/2020 11:32 Real estate Amiram Barkat
ElectReon raises NIS 123m in equity offering

The wireless electric vehicle charging company's share price has risen 163% so far this year.

27 June 2020

Ban on foreigners entering Israel extended to August 1

Although Israelis returning from abroad until at least the start of August will also still be required to self-isolate, many airlines have restarted flights to Tel Aviv.

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