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26 November 2021

Shekel Photo: ASAP Creative Shekel weakens as new Covid variant spooks markets

The Israeli currency is weakening as global markets go into a tailspin over the discovery of a new Covid variant in southern Africa.

26/11/2021 14:20 Market Guy Ben Simon

25 November 2021

Diamond agreement brings Israel and Qatar closer

Qatar plans a free trade zone for diamonds and gold, and needed Israeli consent to join the countries entitled to trade in diamonds.

25/11/2021 22:14 Economy Danny Zaken
Kadimastem seeks Nasdaq listing, raises $3.2m from ILEX

The investment will finance clinical development of AstroRx for the treatment of ALS and to begin the clinical development of IsletRx, as a cure for insulin-dependent diabetes.

25/11/2021 15:24 Healthcare Osnat Peretz
Energy Ministry approves sale of Tamar stake to Mubadala

The Abu Dhabi company is buying a 22% stake in the Israeli gas field from Delek Drilling for $1 billion.

25/11/2021 14:45 Energy Omri Cohen
Israeli tech cos newly listed on Wall Street are struggling

SentinelOne, monday.com and Global-e are flourishing but the other 17 Israeli companies are losing ground. "Globes" analyzes why.

25/11/2021 14:09 IT Shiri Habib-Valdhorn
11,000 homes approved for site of Jerusalem's former airport

The Jerusalem Local Planning and Building Committee has approved a plan for 11,000 new homes on the site of the former Atarot airport in northeast Jerusalem.

25/11/2021 10:19 Real estate Guy Nardi
Shikun & Binui to agree heavy fine if bribery charges dropped

The company is in advanced talks with the State Attorney's Office on a deal over alleged bribery of public officials in Africa.

25/11/2021 07:14 Legal Avishai Grinzaig
Israel approves cheaper antigen tests for airport arrivals

From Friday, passengers arriving in Israel can present a negative antigen test from the previous 24 hours.

25/11/2021 06:38 Tourism Michal Raz-Chaimovitz

24 November 2021

Israel's hotels: Boom in Eilat bust in Jerusalem

The Israel Hotel Association's figures for overnights in October show Eilat's hotels flourishing while much of the rest of the country struggles.

24/11/2021 18:07 Tourism Michal Raz-Chaimovitz
Global-e buys US co Flow Commerce for $500m

The acquisition will allow the Israeli company to make its e-commerce platform available to small merchants currently not eligible to use its services.

Five-year plan for Israeli Arab population launched

Ra'am leader Mansour Abbas: The time is past in which we were a statistic without influence in Israeli politics.

24/11/2021 14:44 Economy Danny Zaken
Hutchison set to accept Rodav's bid for Partner

The Rodev Group is offering to buy Hutchison's 27.1% stake for about $300 million.

24/11/2021 13:36 Market Gad Perez
Shekel rebounds in volatile forex trading

The Israeli currency lost nearly 2% of its value against the dollar today but rebounded after the representative rate was set.

24/11/2021 13:05 Market Guy Ben Simon
Midroog upgrades Delek Group rating

The upgrade could lead to the going concern qualification being removed from Delek Group's financial statements.

24/11/2021 11:37 Energy Globes correspondent
El Al loss widens

The airline's revenue grew in the third quarter, but restructuring expenses and higher operational costs led to a loss of $136 million.

24/11/2021 10:55 Tourism Michal Raz-Chaimovitz
BoI deputy governor: Inflation not a concern right now

Andrew Abir tells "Globes" that the Bank of Israel can afford to maintain an expansionary monetary policy.

24/11/2021 09:32 Economy Guy Ben Simon
Apple sues NSO for targeting phone users

Apple is also seeking a permanent injunction to ban NSO Group from using any Apple software, services, or devices.

24/11/2021 07:00 Legal Ofir Dor
Israeli flexible workspace co Mindspace raises $72m

Mindspace today operates 32 branches in 17 cities in seven countries with total space of more than 100,000 square meters.

24/11/2021 06:32 Real estate Roi Weinberger

23 November 2021

Shikun & Binui: Case closed against Shari Arison, Efrat Peled

The former owner of Shikun & Binui, Shari Arison, and Arison Investments chairman and CEO Efrat Peled, will not be indicted in the Shikun & Binui bribery affair.

23/11/2021 19:10 Legal Avishai Grinzaig
Publicis Israel buys performance creative co Glitch

The acquisition is aimed at providing Publicis with a foothold in the advertising market for Israeli companies operating overseas.

Verbit raises $250m at $2b valuation

The Israeli voice AI transcription and captioning company has doubled its valuation since its financing round six months ago.

23/11/2021 17:00 Start ups Globes correspondent
Israeli Wall Street traded cos spend $4b buying startups

Over the past six months, Israeli publicly traded tech companies have gone on a spending spree, acquiring overseas and Israeli startups.

23/11/2021 14:52 IT Shiri Habib-Valdhorn
Mortgage taking maintains record levels in October

Israelis took NIS 10.7 billion worth of mortgages in October, the Bank of Israel reports.

Moody's: NSO at growing risk of default

Credit rating agency Moody's has downgraded Israeli spyware firm NSO Group by two levels to Caa2, eight levels below investment grade.

23/11/2021 13:21 IT Globes correspondent
Shekel weakens after BoI rate call

Goldman Sachs: The Bank of Israel will be prepared to let the shekel strengthen while exports are not harmed.

23/11/2021 12:47 Market Guy Ben Simon
Discount Bank reports Q3 profit up 179%

The bank's annualized return on equity in the quarter was 14.5%.

22 November 2021

Outbrain buys Swiss co Video Intelligence

The Israeli media content recommendation company will pay $55 million in cash and shares.

Israel and Jordan sign water for energy deal

Jordan will export to Israel 600 megawatt of 'green' electricity and Israel will consider exporting up to 200 million cubic meters of desalinated water to Jordan.

22/11/2021 17:02 Environment Guy Lieberman
Bank of Israel leaves rate unchanged

This decision was expected after the lower than forecast October Consumer Price Index (CPI) rise of 0.1%, which reduced the pressure to raise the interest rate.

22/11/2021 16:28 Economy Guy Ben Simon
Sonovia wins mask deal from major aircraft manufacturer

The Israeli company's masks include treated fabric with a very high effectiveness level in neutralizing the Covid pandemic's Delta variant.

22/11/2021 15:49 Healthcare Globes correspondent
Germany's Schwarz Group buys Israeli co XM Cyber for $700m

The Israeli cybersecurity company's cofounder and president is Tamir Pardo, the former head of the Mossad.

Pressure eases for Bank of Israel interest rate hike

With inflation moderating and the shekel at peak strength, analysts see the Bank of Israel's expansionary policy continuing for a while yet.

22/11/2021 13:59 Economy Guy Ben Simon
OurCrowd becomes first Israeli VC fund to operate in UAE

OurCrowd has been approved and licensed by Abu Dhabi Global Market (ADGM).

22/11/2021 13:57 Start ups Danny Zaken
Dalia Power seen ending gas supply agreement with Energean

Because of the delay in production from the Karish reservoir, Dalia Power is seeking to supply all its gas needs from Tamar.

22/11/2021 11:51 Energy Guy Lieberman
Mubadala gives Aaron Frenkel option on 11% of Tamar rights

In September, Mubadala agreed to buy 22% of the rights to the Tamar gas field from Delek Drilling for $1 billion.

22/11/2021 07:17 Energy Omri Cohen

21 November 2021

Israeli fintech platform 8fig raises $50m

The company provides equity-free flexible funding and supply chain management tools for eCommerce sellers.

C'ttee proposes ending reporting exemption for new immigrants

Israel's Committee on Amendments to International Taxation recommends canceling the exemption from reporting on foreign income and assets for new immigrants and returning residents.

21/11/2021 16:02 Economy Ela Levi-Weinrib
Israeli financial institutions required to factor in ESG

Israel's financial services regulator is catching up with the global investment trend on environment, social, and governance risks.

Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Ramat Gan, Hod Hasharon, Kfar Saba, Rehovot, Shoham and Harish.

21/11/2021 13:02 Real estate Yaser Wakid
Bayside to build Apple's Herzliya headquarters

The 7-year lease, after the building is completed in 2025, will yield Bayside annual net operating income (NOI) of NIS 49 million.

21/11/2021 12:39 Real estate Guy Nardi
El Al to receive further $30m state aid

El Al controlling shareholder Kenny Rozenberg will be required to invest a matching sum.

21/11/2021 12:04 Tourism Oren Dori
Cellcom CEO Avi Gabbay resigns after relations with owners sour

A bid by Gabbay to buy out Celllcom together with other investors was rebuffed.

21/11/2021 11:23 Market Gad Perez
Avi Gabbay steps down as Cellcom CEO

During Gabbay's short tenure Cellcom has returned to profitability and its share price has risen 34%.

21/11/2021 10:48 Market Gad Perez

18 November 2021

Cyber boom leaves Check Point trailing

Penalized for being profitable? As investors go for growth or bust, cybersecurity pioneer Check Point could drop out of the Nasdaq 100.

18/11/2021 20:43 IT Shiri Habib-Valdhorn
Moshe Hogeg suspected of huge cryptocurrency fraud

Hogeg was arrested this morning along with seven others. Sexual offences are also suspected.

Hagag Group buys Tel Aviv's Ludwipol building rights

The area near Kibbutz Galuyot Interchange has rights for 73,000 square meters of commercial and office space that can enlarged to 160,000 square meters.

18/11/2021 15:41 Real estate Guy Nardi
Israel Aerospace signs UAE unmanned vessels deal

EDGE unit ADSB will collaborate with IAI to develop unmanned surface vessels for the entire range of military and commercial applications.

18/11/2021 11:16 Aerospace & defense Danny Zaken
Amazon to record $100m profit in Kornit secondary offering

The Israeli digital textile printing company is taking advantage of its high share price for a secondary offering with shareholder Amazon a major beneficiary.

18/11/2021 10:43 IT Shiri Habib-Valdhorn
Public sector workers, not techies fueling Israel's housing boom

Despite high salaries, a survey by Geocartography found that 42% of tech employees don't even own one apartment.

18/11/2021 09:40 Real estate Hadas Magen
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