News

The Likud party voters rewarded loyalty to the party leader and hard work in the Knesset. Women fared badly in the primaries.

400 acres more has been zoned for industry as Intel mulls a third plant in the city to meet global chips shortages.

As part of the investment agreement, the two sides will invest $2 million each in WeSure Digital.

The shekel's rebound comes in the wake of Wall Street's recovery, further fueled over the past 24 hours by the lower than expected US inflation data.

The Chinese online retail giant has set up warehouses in Airport City, to store products and shorten delivery times.

The Israeli carrier's revenue in the second quarter of 2022 was $516 million, up 132% from the second quarter of 2021.

The decline in profits stemmed from an increase in credit loss expenses - the security cushion set aside by banks to protect them from unpaid loans.

The sharp growth in revenue stems mainly from consolidation of VP Solar, the Italian company acquired by Tadiran at the start of the year.

Israel Sotheby's International Realty marketing director Itay Gurevich told "Globes," that there are several Israelis who have recently expressed interest in buying the property.

Elbit Systems, Israel Aerospace and Rafael had combined revenue of $11.7 billion in 2021.

Key aspects of the $150 million cost reduction plan include "right-sizing our workforce and future hiring targets."

Bezeq will distribute a six month dividend of NIS 294 million.

The layoffs are mainly among US sales staff, while the company is doubling its development team in Tel Aviv.

The flights will be operated by Turkish airline Atlas to Istanbul and Anatolia for Palestinian residents of Judea, Samaria and the Palestinian Authority.

AppLovin may benefit from opposition among Unity shareholders to the ironSource deal.

The Israeli video cloud platform said that 30 of the layoffs will be in Israel.

The consortium includes Bristol-Myers Squibb (BMS), BD (Becton Dickinson), Elbit Systems, Tel Aviv University, Ben-Gurion University of the Negev, and Shaare Zedek Medical Center.

The Israeli website building platform is shedding 2% of its work force, with most of the layoffs abroad.

Leader Capital Markets: Without a sharp fall in the markets, or major geopolitical event, the shekel is expected to continue to strengthen and moderate inflation.

Aviat Networks has raised its bid from $2.8 to $3.08 per share, valuing Ceragon at $259 million.

At the same time, the block led by Prime Minister Yair Lapid remains far from a Knesset majority.

After receiving an offer to purchase worth $383 million from rival US video platform Panopto, Israeli video cloud platform Kaltura has adopted a 'poison pill' plan.

The autonomous unmanned aircraft systems developer, once valued at $240 million, is being sold for less than half its IPO valuation last summer.

Derech Eretz will build an extra lane in each direction between Kassem Interchange and Ein Tut Interchange and a new interchange at Bet Nechemia.

The Israeli 3D printing solutions company will pay €43 million and up to an additional €37 million in performance payments.

The New York activity of Content IQ, acquired in 2020 for $37.8 million, is being moved to Perion's Israeli headquarters in Holon.

The Ministry of Tourism expects the number of visitors to Israel in 2022 to be in the 2.2 million to 2.5 million range, well below the 2019 record of 4.55 million.

The fiscal surplus for the 12 months ending July 2022 was NIS 9.7 billion, the Ministry of Finance Accountant General reports.

Though costly, Iron Dome saves the Israeli economy billions, and Russia's invasion of Ukraine has made Europe take notice.

Islamic Jihad fired about 550 rockets towards Israel: one third landed in the Gaza Strip;  96% of the remainder were intercepted by Iron Dome or fell in open areas.

As a senior Islamic Jihad leader said that the ceasefire with Israel will come into effect at 11.30pm, Defense Minister Benny Gantz says Israel has achieved all its military aims.

Boosted by a national agreement in the opioids affair, Teva rose 5.63% on Friday after Bank of America raised its rating to 'buy.'

The increase was the result of a revaluation, as the shekel appreciated during July, which increased the reserves by roughly $4.51 billion, the Bank of Israel reports.

Knaz will be responsible for Prytek’s investment activities in early-stage companies that work in synergy and contribute to the technology and services of the more mature companies in the Group.

Jerusalem's Western entrance project is one of the biggest construction projects in the country.

A selection of recent real estate deals in Israel including in Jerusalem, Herzliya, Shoham, Ashdod, Harish, Haifa and Yokneam.

Hamas has yet to fire any rockets about Israel and is hinting at an Egyptian-brokered ceasefire.

Prime Minister Yair Lapid: We are acting to minimize casualties among non-combatants.

Sirens were sounded in several settlements west of Jerusalem this morning, and ten rockets were fired at Sderot.

After rising 1,000% in two weeks to become Israel's most valuable company, the Israeli fintech's share price has started to fall.

Having previously acquired Ozcode, the US cloud monitoring company is aiming to have 500 employees in its Tel Aviv development center within a year.

The TalonWork browser simplifies endpoint security by serving as a secure access point to corporate applications and data on any device, or operating system.

The average gross monthly salary in Israel fell to NIS 11,753 in May from NIS 12,026 in April, the Central Bureau of Statistics reports.

The court appointed trustee was highly critical of NSO's attempts to keep ownership of the company, so that it could enhance an overall sale of NSO Group.

"Globes" reports on startups offering shares for sale at just half the price of the valuation obtained in their financing rounds last year.

The European licensing deal is worth up to $23.5 million upfront to Polypid and $89 million in sales-related milestones.

562 Israelis earned at least NIS 3.5 million in capital gains last year, the Tax Authority reports.

Veniam will help cut communications costs between connected cars for the servers containing the data from Nexar's car dash cams.

Likud promises free pre-school education and tax cuts. Blue & White-New Hope: The person who prevented a state budget cannot offer economic solutions.

The Israeli venture capital fund has announced the first closing of its $150 million second fund.

Having sold 50% of the ophthalmic lens company to the eyewear giant in 2011 for $130 million, Kibbutz Shamir is selling the balance for hundreds of millions of dollars more.

The solar energy company has lost its position as Israel's most valuable company to Pagaya Technologies.