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18 October 2018

Shuki Gleitman (right) Photo: Eyal Izhar Gleitman: Government innovation is an oxymoron

The former chief scientist told the EY "Globes" Journey conference that Israel's low investment in R&D proves that the talk about a startup nation is nonsense.

Prof. Gal Chechik  Photo: Nir Hadar Nvidia opens Israel AI research center

Global artificial intelligence expert Prof. Gal Chechik will manage the center and recruit a team of AI specialists.

18/10/2018 14:40 IT Tal Shahaf
Time capsule panel Photo: Eyal Izhar Gigi Levy: Our children will live to 110

A "Time Capsule" panel at the EY Israel -"Globes" Journey Conference told the audience their predictions for the high-tech industry in 2020.

18/10/2018 14:11 Economy Oshrit Gan-El
Teva Photo: ASAP Creative Shutterstock Analysts soothe on Teva's migraine drug snub

Teva's Ajovy may have been rejected by Express Scripts for reimbursement but other US health insurers will accept it, say the analysts.

Barak Rosen and Assaf Tuchmeir Photo: Eyal Izhar Israel Canada buys Tel Aviv seafront lot

An approved urban building plan that applies to the entire site provides for construction of a 22-floor tower.

18/10/2018 07:51 Real estate Shlomit Tsur

17 October 2018

Wed: Teva slump drags down TASE

Teva fell sharply after a reimbursement snub as energy stocks exacerbated losses on the market.

17/10/2018 18:58 Market Globes correspondent
WOW publishes Tel Aviv - New York fares

The Icelandic low-cost airline has four ticket categories: basic, WOW Plus, Comfy, and Premium.

17/10/2018 18:23 Tourism Michal Raz-Chaimovich
Novartis to invest in $60m Gamida Cell Nasdaq IPO

The Israeli stem cell cancer therapy developer will hold the offering at a company valuation of $275 million.

17/10/2018 18:18 Healthcare Gali Weinreb
Open source security co WhiteSource raises $35m

The Israeli company helps businesses harness the power of open source without compromising on security or slowing development.

17/10/2018 17:01 Start ups Dor Zach
Israeli plant-based protein co Equinom raises $4m

Equinom is developing a full portfolio of non-GMO legumes that have 50% more protein than varieties currently on the market.

17/10/2018 16:13 Start ups Gali Weinreb
Israeli car simulation co Cognata raises $18.5m

The Ness Ziona-based company's automotive simulation platform combines artificial intelligence, deep learning, and computer vision.

17/10/2018 15:42 Start ups Globes correspondent
Israeli car data fusion co Vayavision raises $8m

The Tel Aviv-based company provides raw data fusion and cognition systems for self-driving vehicles.

Israel falls in WEF global competitiveness index

Israel has slipped four places in the index and is even lower in rankings regarding government bureaucracy and regulation.

16 October 2018

Australia's ASX seeks dual-listing agreement with TASE

The Australian Securities Exchange has attracted 18 early-stage Israeli high-tech companies.

16/10/2018 19:31 Market Shiri Habib-Valdhorn
Amazon execs in Israel to solve delivery logistics problems

Sources believe Amazon will begin operating a Hebrew-language ecommerce website in the first quarter of 2019.

16/10/2018 18:24 Retailing Shany Moses
Indoor geo-location co IntraPosition raises $1.5m

The Israeli company offers highly-accurate in-store location-based services, utilizing ultra-wideband (UWB) wireless technology.

Perion social campaign platform awarded Google certification

MakeMereach is a platform that enables agencies and advertisers to fully optimize their social campaigns.

16/10/2018 16:51 IT Globes correspondent
Israeli high-tech training co Jolt raises $7m

The company will use the money to open its first campus in London in January 2019.

16/10/2018 16:37 Start ups Yasmin Yablonko
Eos Venture Partners to invest in Israeli insurtech

The $100 million fund will invest in early stage insurtech startups.

16/10/2018 16:01 Financial services Tal Shahaf
Israel's H1 growth revised upwards

The annualized first half growth estimate was raised from 4.1% to 4.2%.

16/10/2018 15:13 Economy Amiram Barkat
Temasek buys Israeli cybersecurity co Sygnia for $250m

The Singapore investment company is acquiring the Tel Aviv-based cybersecurity consulting startup.

WOW to resume low-cost Israel-US flights via Iceland

Fares for WOW's Tel Aviv - Reykjavik route will begin at $200 each way from June 2019.

16/10/2018 13:15 Tourism Michal Raz-Chaimovich
IAI ELTA wins $55m Asian fire control radar deal

The radar offers a broad range of operational modes, including high-resolution mapping in SAR mode, detection, tracking, and imaging of aircraft, moving ground and sea targets.

Shekel weakens after Sept CPI

Many analysts including Goldman Sachs do not see an interest rate hike in Israel this year.

16/10/2018 12:06 Market Simon Griver
New Jerusalem rail link breaks down yet again

Economic Affairs Committee chairman Eitan Cabel: This project is one of the greatest failures of recent years.

Energean set to list on TASE by end of October

The Greek energy exploration company's shares will be included in the Tel Aviv 90 Index; it will not issue new shares.

16/10/2018 11:34 Energy Kobi Yeshayahou
Cloud security co Kindite raises $4m

Kindite's technology allows sensitive enterprise data to be transferred to the cloud without it being visible to the service provider.

16/10/2018 10:39 Start ups Globes correspondent

15 October 2018

Home Price Index falls, CPI up 0.1% in Sep

After rising for the past few months, home prices have resumed the falls of earlier this year, while the Consumer Price Index continues to rise negligibly.

Cannabis R&D lab set up at Hebrew University

The Asana Bio Group Israeli holding company has invested $2.3 million in founding a laboratory for research on the active ingredients in the cannabis plant.

15/10/2018 18:34 Healthcare Gali Weinreb
El Al management approves agreement with pilots

The El Al board of directors approved the new labor agreement two weeks before new flight time limitation regulations are scheduled to take effect.

15/10/2018 18:01 Tourism Michal Raz-Chaimovich
Heart valve co Trisol Medical raises $2.7m

The Israeli company, which has developed a minimally invasive way to replace the tricuspid heart valve, is aiming at a $6 billion market.

15/10/2018 17:19 Healthcare Gali Weinreb
Investor exit fails to depress Israeli home prices

The proportion of homes purchased by investors has fallen dramatically, but the real objective of lowering home prices has not been achieved.

15/10/2018 17:17 Real estate Shlomit Tsur
Israel Railways reshuffles schedules due to overcrowding

Following passenger complaints, more trains will run on the Nahariya-Haifa-Tel Aviv line while Valley line trains will only run to Haifa.

Glilot closes $110m third Israel VC fund

The oversubscribed fund will invest in Israeli early-stage startups in artificial intelligence, big data and cybersecurity.

15/10/2018 14:59 Start ups Tal Shahaf
Eli Azur in talks to invest in Channel 10

With the Israeli television channel's fate in doubt, efforts have been made in the past few days to avert its immediate collapse.

14 October 2018

Flug to ease restrictions on non-bank credit

Non-banking companies will be able raise up to NIS 20 billion.

MEDX Xelerator broadens international collaboration

The Israeli medical device incubator is cooperating with innovation hubs in the EU and US.

14/10/2018 18:22 Start ups Globes correspondent
Israel's cabinet approves restrictions on electric bikes

Tough regulations include registration of bicycles, training courses for those without a driving license, compulsory helmets and stiffer fines for violations.

Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Ramat Gan, Holon and Herzliya.

14/10/2018 15:49 Real estate Ori Chudy
Israel Railways overcrowded due to lack of carriages

60 railway carriages were diverted to the new Tel Aviv-Jerusalem route from other routes.

Teva loses another Copaxone patents case

The US Court of Appeals for the Federal Circuit upheld a 2017 decision by a Delaware court canceling four patents on the 40 mg version of Teva's blockbuster multiple sclerosis treatment.

14/10/2018 12:34 Healthcare Globes correspondent
Hoteliers against closing Sde Dov Airport

The Israel Hotel Association wants the airport to continue operating until an airport is built off the Tel Aviv shore.

Israel Chemicals signs new potash contracts in China

The price is $60 per tonne higher than in Israel Chemicals' previous contracts with Chinese customers.

Israeli airlines' winter schedules still at risk

The Ministry of Foreign affairs is adamant that it will stop employing flight security personnel overseas in January.

14/10/2018 10:41 Tourism Michal Raz-Chaimovich

11 October 2018

Walmart to invest $250m in JV with Israeli content co Eko

The giant US retailer is setting up the joint venture called W*E Interactive Ventures to develop interactive content to help it compete with Amazon.

SolarEdge buys majority stake in battery co Kokam for $88m

The Israeli solar energy company is acquiring a 75% stake in the Korean lithium-ion battery provider.

11/10/2018 17:47 Energy Shiri Dover
4,800 new homes approved for Lod

The National Committee for Planning Priority Housing Areas approved the plan.

11/10/2018 16:35 Real estate Ori Chudy
Netanyahu meets Intel's top execs in Jerusalem

Israel's Prime Minister: Intel has invested $38 billion in Israel. The partnership is huge, and we expect to expand it even further.

11/10/2018 15:22 IT Globes correspondent
BMS invests $12m in Compugen for tumor collaboration

The companies have entered into a clinical trial collaboration to evaluate Compugen’s COM701 with BMS's PD-1 immune checkpoint inhibitor Opdivo, in patients with advanced solid tumors.

11/10/2018 14:57 Healthcare Gali Weinreb
Teva receives FDA nod for Rituxan biosimilar cancer drug

If the FDA approves CT-P10 for marketing, this will be the first biosimilar generic version of Rituxan.

11/10/2018 14:01 Healthcare Shiri Habib-Valdhorn
IMI exhibits lightweight tank protection system

IMI is pitting its Iron Fist system against Rafael's Trophy in an effort to sell it to the US army.

Shekel weakens against dollar despite Trump's Fed remarks

President Donald Trump's criticism of US Fed policy puts into question its plan for four more rate hikes by the end of 2019.

11/10/2018 13:03 Market Simon Griver
World markets in turmoil after Trump attacks Fed

The Tel Aviv Stock Exchange is also sharply down after President Trump criticized the US Fed's interest rate hikes.

11/10/2018 10:54 Market Simon Griver
Israel's tech women send picture to Angela Merkel

The photograph followed the German Chancellor's critical comments about the Israel-German high-tech meeting, at which she was the only woman.

11/10/2018 09:50 IT Yasmin Yablonko

10 October 2018

LATAM announces fares for Tel Aviv - South America flights

Flights from Tel Aviv to Santiago and Sao Paolo will start from $731.

10/10/2018 21:15 Tourism Michal Raz-Chaimovich
Thoma Bravo buys cybersecurity co Imperva for $2.1b

US based Imperva was founded by three Israelis and has offices in Tel Aviv and Rehovot.

Israeli visual inspection co Kitov Systems raises $10m

The Petah Tikva-based company develops AI-based solutions for visual inspection in industrial manufacturing.

Israeli cybersecurity co Demisto raises $43m

The Tel Aviv-based company has developed a Security Orchestration, Automation and Response (SOAR) technology platform.

10/10/2018 16:18 Start ups Tal Shahaf
NSA whistleblower Edward Snowden to speak in Israel

Snowden, who exposed how US intelligence surveilled hundreds of millions of people worldwide, will speak via videoconference on November 6.

Castro to open Israel KIKO Milano cosmetics stores

The brand's first store in Israel will open in the first half of 2019.

10/10/2018 12:23 Retailing Shany Moses
Salesforce invests in Israeli co TechSee Augmented Vision

The strategic investment will harness synergies between Salesforce Einstein AI and TechSee's cognitive visual engagement platform.

10/10/2018 11:34 Start ups Simon Griver
Shekel advances as dollar retreats worldwide

One of next Bank of Israel Governor Amir Yaron's first considerations will be if and when to raise the interest rate.

10/10/2018 11:07 Market Simon Griver
Rafael unveils lightweight APC, tank protection system

The new version of the Trophy system is 40% lighter and in Negev trials witnessed by US army experts intercepted 95% of missiles, rockets and RPGs.

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