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17 January 2019

Doron Turgeman Photo: PR Internet Gold heads for settlement with bondholders

The failure of the auction of its shares in Bezeq parent company B Communications has left Internet Gold unable to meet payments on its bonds.

17/01/2019 18:04 Market Kobi Yeshayahou
Effi Naveh Photo: Reuven Castro Israel Bar Association president Effi Naveh resigns

Naveh: I do not want my personal affairs to interfere with the Bar Association's activity.

Buying a home  photo: Shutterstock Israel Tax Authority revises residence purchase tax rates

Buyers of a sole residence will now be exempt from purchase tax up to a value of NIS 1.7 million.

17/01/2019 17:02 Real estate Arik Mirovsky
Gilad Glick Photo: Eyal Izhar Itamar Medical raises $11.5m

The More Investment House invested in the round, which may be enlarged.

17/01/2019 16:32 Healthcare Gali Weinreb
Ramon Airport Eilat  photo: Eyal Izhar Eilat Ramon Airport: Beautiful, but is it worth the cost?

The new, NIS 1.7 billion airport has 100 times the space of Eilat's old airport.

Ehud Olmert Photo; Noam Moskovich Ehud Olmert buys Tel Aviv penthouse for NIS 12m

The 320 square meter apartment is on Matmon Street near Kikar Hamedina.

17/01/2019 13:01 Real estate Shlomit Tsur
Shekel Photo: ASAP Creative Shekel loses more ground

The Israeli currency continues to weaken as lower than forecast inflation jeopardizes future rate hikes.

17/01/2019 11:51 Market Globes correspondent
Jerusalem last night Photo: Ministry of Finance Brief snow flurry in Jerusalem, Kinneret filling up

The Kinneret has risen by 750 centimeters since the start of the rainy season but still needs another 5.10 meters to be full.

17/01/2019 11:42 Water Walla News
medical device illustration Israeli telehealth co Tyto Care raises $9m

The latest funding recognizes the unique potential of Tyto Care's on-demand, remote telehealth solution to improve healthcare access and delivery in the US, Japan and China.

17/01/2019 11:29 Healthcare Globes correspondent
Effi Naveh Photo: Reuven Castro Israel Bar head named in judge-sex scandal

Effi Naveh is suspected of advancing a judicial appointment for sexual favors.

17/01/2019 09:10 Legal Globes correspondent
Isaac Israel  photo: PR Kitov raises $6m after positive cancer drug data

Short exposure of cancerous cells to the Israeli company's NT219 drug is sufficient to trigger irreversible shutdown of cancer pathways.

17/01/2019 08:17 Healthcare Gali Weinreb

16 January 2019

Fortissimo buys Arison's Salt of the Earth

Arison expected a deal for NIS 250-300 million, but got only NIS 160 million for Israel's largest salt producer.

Shekel Brainweigh jumps on Intel collaboration

The company develops scales, advanced weighing systems, and a barcode scanner.

16/01/2019 19:02 IT Shiri Habib-Valdhorn
Jerusalem, Tel Aviv home prices down faster than national average

The average apartment price fall in Israel's two main cities was well over the national 2.3% average in the past 12 months, the Central Bureau of Statistics reports.

16/01/2019 18:58 Real estate Arik Mirovsky
Israeli AI tree data co SeeTree raises $11.5m

The Tel Aviv-based company has launched a service for farmers looking to gain deeper insight into the health and productivity of their trees.

Legal system hit by sex for judicial appointment scandal

Police believe that a senior lawyer appointed a magistrate's court judge in exchange for sex.

16/01/2019 16:18 Legal Globes correspondent
Hot Mobile offers cut price packages

Hot Mobile is offering 100-gigabyte surfing at NIS 39 per month for individual subscribers and NIS 29 per month for three or more subscribers together.

US Army to procure two Iron Dome batteries - report

The US Army has asked Congress for $373 million to buy the two batteries from Israeli company Rafael, US news site "Inside Defense" reports.

Israel's Q3 growth figure revised upwards

Growth in the quarter was revised from 2.1% to 2.3%, on an annualized basis, the Central Bureau of Statistics report

16/01/2019 14:27 Economy Amiram Barkat
Tenders issued for two more Tel Aviv fast lanes

The NIS 5.5-billion project includes huge parking lots in Rishon Lezion and Shefayim and a shuttle system as well as fast lanes.

No bids for Bezeq parent co

Internet Gold announced that no bids had been submitted in the auction for the acquisition of B Communications and that the company would probably seek a debt arrangement.

16/01/2019 12:41 Market Gad Perez
Hainan Airlines to launch Tel Aviv - Shenzhen route

The new route will replace the Chinese carrier's flights between Tel Aviv and Guangzhou, while China Eastern will fly the Tel Aviv - Guangzhou route.

16/01/2019 12:26 Tourism Michal Raz-Chaimovich
Shekel weakens further after low December CPI

Annual inflation of only 0.8% threatens the Bank of Israel's plan for a rate hike in the third quarter of 2019.

16/01/2019 11:44 Market Simon Griver
Autonomous car safety verification co Foretellix raises $14m

Foretellix provides autonomous car developers with the ability to realize and demonstrate the extremely high level of safety required.

16/01/2019 11:14 Start ups Globes correspondent
Salesforce in talks to buy Israeli co Clicksoftware for $1.5b

US private equity fund Francisco Partners bought the Petah Tikva-based logistical management systems company for $438 million in 2015.

15 January 2019

Hot prepared to sell 75% of Hot Telecom

The telecom company is willing to sell at a company valuation of NIS 5-7 billion.

Israel Coop trustees want quick sale

The main bidders are the Rami Levy and Zol Ve Begadol supermarket chains.

CPI down 0.3% in Dec, housing prices still falling

Inflation was 0.8% in 2018, while housing prices have fallen 2.3% in the past 12 months, Israel's Central Bureau of Statistics reports.

15/01/2019 18:54 Real estate Amiram Barkat
Haim Katz wants alternatives to Sat work on Tel Aviv bridge

The Yehudit pedestrian bridge over the Ayalon highway is becoming a major orthodox-secular political bone of contention.

Siemens invests $25m in Israeli logistics co Bringg

The Israeli delivery logistics platform for enterprises is already operating in over 50 countries.

15/01/2019 15:44 Start ups Tal Shahaf
Shekel weaker ahead of Dec CPI

Economists predict that the December Consumer Price Index fell 0.2% following a fall in the price of fuel.

15/01/2019 14:40 Market Globes correspondent
AI facial recognition co AnyVision raises $15m

The Israeli company brings real world application of face, body and object recognition with unparalleled accuracy and technology.

Bezeq parent co heading for debt settlement

In order to avoid a debt settlement, Internet Gold has to sell its shares in B Communications at more than NIS 31 a share, while the current market price is NIS 18.80,

15/01/2019 13:22 Market Gad Perez
IVC-Meitar: Israeli tech exits reach $12.63b in 2018

This amount was nearly double the $7.7 billion in exits in 2017, not including Mobileye, although the number of deals fell from 133 to 103.

Elad claims Tel Aviv municipality stalling Bavli tower

Municipality: The developer has not finished vacating public space.

15/01/2019 12:08 Real estate Shlomit Tsur
Police probe communications minister Ayoob Kara

Kara: I am satisfied that my conduct has been honest and correct.

15/01/2019 10:49 Legal Globes correspondent
Shikun & Binui wants to buy control of Highway 6

The company is offering to buy its partners' direct and indirect holdings for NIS 278 million.

Tel Aviv mulls special rates for Airbnb apartments

The proposal could be a damper on Tel Aviv's burgeoning Airbnb market, and send a signal to other local authorities in Israel.

15/01/2019 10:04 Real estate Guy Liberman

14 January 2019

Steinitz meets Egyptian petroleum minister in Cairo

Israel's first minister to visit Egypt since 2011 will return in May for the establishment of the Mediterranean Natural Gas Organization.

14/01/2019 19:23 Energy Sonia Gorodeisky
Gov't plans car compulsory car insurance cut

A change in the formula for calculating compensation will lower insurance premiums and benefit the insurance companies.

14/01/2019 19:00 Financial services Ron Stein
Guy Fund loses heavily on Brookland bonds

Guy Fund generated a -24% return in the past two months.

TASE workers blocking public offering

Negotiations between management and the workers have reached a deadlock.

14/01/2019 18:03 Employment Ron Stein
Check Point buys Israeli cyber startup

Tel Aviv-based ForceNock's technology will be integrated into Check Point's Infinity total protection architecture.

14/01/2019 16:31 IT Globes correspondent
Bezeq dividends seen drying up

The telecoms company used to offer a notably high dividend yield, but substantial write-downs will prevent that in 2019, and maybe in 2020 too.

14/01/2019 16:20 Market Shiri Habib-Valdhorn
Electra to build new Amdocs campus in Ra'anana

Amdocs Israel headquarters will have four office buildings surrounded by green areas.

Aeronautics price deters Israel Aerospace

Sources close to IAI told "Globes" that the price settled with Rafael for the acquisition was unrealistically high, and that IAI is unwilling to match it.

Shekel appreciation gains momentum

Prico: In the long term the shekel should strengthen against the dollar but in the short term it might have realized its potential at its current level.

14/01/2019 15:20 Market Globes correspondent
Magenta VC fund nears $100m target

The new Israeli-Japanese fund had its initial closing in October 2018 and is planning its final closing in 2019.

14/01/2019 14:53 Start ups Globes correspondent
New home sales on the rise

Sales are, however, heavily concentrated in Tel Aviv and the center.

14/01/2019 14:36 Real estate Guy Liberman
Amazon, Samsung invest in Wiliot's $30m round

The Israeli company is developing miniature chips for battery-free Bluetooth technology for use in Internet-of-Things applications.

14/01/2019 14:19 Start ups Tal Shahaf
Innovation Authority pinpoints Israeli tech industry's failings

In a 100-page survey, the Authority recommends government action to focus the industry on AI and bring its benefits to other sectors.

IAI seeks to thwart Aeronautics sale to Rafael

Israel Aerospace Industries is demanding that Israeli UAV company Aeronautics should be sold in an auction process.

13 January 2019

Unemployment claims up 5.7% in 2018

The number of claims for income supplements was down 11% in 2018.

13/01/2019 20:42 Economy Globes correspondent
German MPs want to oversee military UAV training in Israel

The MPs, members of the leftist Die Linke Party, oppose the use of munitions-bearing UAVs.

13/01/2019 18:32 Aerospace & defense Assaf Uni
IBA Sarona demolition makes room for housing

BSR will build 400 homes and commercial space on the former Tel Aviv offices of the Israel Broadcasting Authority.

13/01/2019 18:05 Real estate Shlomit Tsur
Frenkel set to gain NIS 80m on Aeronautics sale

Frenkel is set to make a 100% return on his investment within a few months.

Thoma Bravo completes $2.1b Imperva acquisition

Thoma Bravo is paying a 29.5% premium on the market price for cybersecurity company Imperva's shares.

Bezeq won't deploy fiber optic for entire country

Bezeq says that the Ministry of Communications' demand for universal fiber optic deployment is not practical.

13/01/2019 15:52 Market Gad Perez
Apartments sold and rented

A selection of recent deals in haredi neighborhoods including in Beitar Illit, Modiin Illit, Elad and Emmanuel.

Unitronics to build New York parking lot

Unitronics has signed agreements totaling NIS 190 million for setting up automated parking lots and warehouses in the past six months.

Sagi's SafeCharge reports 24% revenue growth in 2018

The smart payments solutions company saw a 45% growth in deal turnover and record revenue last year.

13/01/2019 13:08 IT Globes correspondent
Teva to pay Illinois $135m fraud settlement

Illinois Attorney General Lisa Madigan says the Israeli pharmaceutical giant has agreed compensation for allegedly inflating wholesale prescription drug prices.

Rafael beats IAI to Aeronautics acquisition

Rafael and Avichai Stolero have agreed a valuation of NIS 850 million for Israeli UAV company Aeronautics, sending its share price soaring.

10 January 2019

Low app ranking can bankrupt a retail chain

A report by Euler-Hermes links US retail chain bankruptcies to dissatisfaction with their apps.

10/01/2019 13:27 Retailing Shany Moses
Shekel advances to strongest against dollar since October

The Israeli currency has pushed the dollar further below the NIS 3.70/$ threshold.

10/01/2019 13:21 Market Simon Griver
Wind e-scooters begins Tel Aviv operations

200 scooters have been deployed today and the German company plans to station 1,200 e-scooters in Tel Aviv.

Amazon confirms CloudEndure acquisition

CloudEndure: This acquisition expands our ability to deliver innovative and flexible migration, backup, and disaster recovery solutions.

IKEA to open Tel Aviv store

The relatively small store by the Swedish furniture giant's standards will be in Pavilion 11 at Tel Aviv Port, sources inform "Globes."

10/01/2019 10:52 Retailing Shany Moses
CytoReason teams with Pfizer on drug discovery

The Israeli company will earn over $10 million for its machine learning cell-centered models of the immune system.

Israel raises low-interest €2.5b bond in London

The Ministry of Finance said the bond had been issued with the lowest margins ever above the euro's benchmark interest rate.

10/01/2019 08:20 Economy Amiram Barkat

09 January 2019

Decathlon to open Netanya store

The 3,000 square meter store will be the French sporting goods retail chain's fifth in Israel.

09/01/2019 21:21 Retailing Shany Moses
Israir to adopt low-cost model, charge for baggage

A suitcase will cost $35 in each direction for advance reservations and $70 in each direction at the airport.

09/01/2019 20:48 Tourism Michal Raz-Chaimovich
First Int'l Bank employees agree early retirement plan

Up to 180 employees under the program will receive compensation up to 170%.

09/01/2019 20:45 Financial services Ron Stein
Teva to produce new complex drugs outside Israel

Management feels that labor disputes at Teva's Kfar Saba plant have made the site less attractive for production of new drugs.

09/01/2019 18:14 Healthcare Shiri Habib-Valdhorn
Fattal to open co-working office space in Ra'anana

The company has rented two floors in a tower being built by Acro Real Estate in the city's northern industrial zone.

09/01/2019 17:32 Real estate Shlomit Tsur
Ryanair to launch Tel Aviv flights to 3 new destinations

The routes to Athens, Sofia and Bucharest will bring to 15 the number of European destinations to which the low-cost Irish carrier flies from Tel Aviv.

Hospital cybersecurity co Cynerio raises $7m

The Israeli company is already working in many hospitals throughout Israel including Ichilov and Rambam.

09/01/2019 15:30 Healthcare Yasmin Yablonko
aMoon raises $600m for second life sciences fund - Reuters

The Israeli healthcare and life sciences venture capital firm will invest in digital health, medical devices and biopharma in Israel, the US and Europe.

09/01/2019 14:16 Healthcare Yasmin Yablonko
Adama opens Negev R&D center

The center will be a focus for cooperation between institutions of higher education and industry.

09/01/2019 12:57 Agritech Shiri Habib-Valdhorn
Aposense unit to raise $20m from Len Blavatnik

Sirvir will develop treatments for infectious diseases in the respiratory system.

09/01/2019 12:14 Healthcare Gali Weinreb
IVC-ZAG: Israeli startups raised record $6.4b in 2018

In the final three months of 2018, Israeli startups raised $1.82 billion, a record quarterly amount.

IAI teams with Brazil's Santos on precision agriculture drones

Israel Aerospace's BirdEye 650D UAV will monitor crops such as soy and sugar cane as well as commercial forestry.

Shekel gains despite growth forecast cuts

The Israeli currency is strengthening despite both the Ministry of Finance and Bank of Israel cutting their GDP growth forecasts for 2019.

09/01/2019 10:32 Market Simon Griver
Israeli equipment inspection co InZiv raises $2.5m

This funding will enable the Jerusalem-based company to develop and expand its line of advanced inspection tools to better serve the flat panel display (FPD) industry.

Kinneret rises 15cm in past 48 hours

120-150 millimeters of rain has fallen in the Upper Galilee and Golan since Saturday night.

09/01/2019 07:35 Water Globes correspondent
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