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08 March 2021

Curv founders CEO Itay Malinger and CTO Dan Yadlin.  / Photo: Netanel Tobias PayPal buys Israeli digital assets security co Curv

Curv's team will join PayPal's newly formed blockchain, crypto and digital currencies business unit.

Yuval Steinitz Israel signs MoU for subsea electricity cable link to Europe

Israel, Cyprus and Greece will lay the world's longest subsea electricity cable with funding from the EU.

08/03/2021 15:57 Energy Danny Zaken
Shekel Photo: ASAP Creative Falling markets weigh on shekel

Yesterday the Bank of Israel revealed that it has bought $11.7 billion in foreign currency in the first two months of 2020.

08/03/2021 14:34 Market Globes correspondent
Shekel-dollar ASAP Creative Israel's current account surplus hits record $20b in 2020

The current account surplus was the main factor driving the strengthening of the shekel in 2020.

08/03/2021 14:13 Economy Guy Ben Simon
Ido Erlichman Photo: Sharon Deri Kape acquires Israeli co Webselenese for $149m

The Israeli cybersecurity company is buying the Tel Aviv-based privacy and security startup for cash and shares.

Ehud Sol and Ilanit Landesman Yogev  credit:Itzik Biran Senior Herzog Fox & Neeman partners leave for new venture

Ehud Sol and Ilanit Landesman Yogev are both leading lawyers in the corporate and securities fields.

08/03/2021 12:33 Financial services Ron Stein
Itzik Abercohen  credit:Shlomi Yosef Shufersal raises NIS 700m in equity offering

Half the money was raised from overseas investors and half from Israelis. Meanwhile, the number of IPOs in Tel Aviv so far this year has reached twenty-one.

08/03/2021 09:37 Retailing Aviv Levy

07 March 2021

Massivit 3D Printing raises NIS 169m in TASE IPO

Massivit 3D is breaching three fundamental market barriers that have until now prevented the manufacturing sector from developing.

07/03/2021 21:30 IT Globes correspondent
Driver monitoring co Cipia plans TASE IPO

The Israeli company plans raising several tens of millions of dollars at a company valuation of $150-170 million, pre-money, sources inform "Globes."

07/03/2021 20:54 IT Dubi Ben-Gedalyahu
Israel's fiscal deficit widens to 12.4%

Israel's fiscal deficit climbed to NIS 174 billion, for the 12 months to the end of February 2021.

07/03/2021 20:29 Economy Ela Levi-Weinrib
BoI has already bought $11.7b foreign currency in 2021

The Bank of Israel purchased $4.9 billion in foreign currency in February and has bought nearly 40% of the $30 billion it said it would buy this year.

07/03/2021 16:35 Economy Guy Ben Simon
Elco, Mega Or likely to sell Cellcom and Elron stakes

Elco's Salkind brothers and Mega Or's Zahi Nahmias are interested in Discount Investment Corp. for the real estate assets of Property & Building.

07/03/2021 14:11 Real estate Omri Cohen
ISA opens probe into Yoel Goldman's All Year Holdings

US company All Year Holdings raised over NIS 2 billion from Israeli investors, who have presented the debt for immediate repayment.

07/03/2021 12:08 Real estate Nitsan Shapir
Pre-election travel regulations come into force

Until March 20, daily passenger quotas will rise, and travelers arriving in Israel will not be obliged to stay in isolation hotels.

07/03/2021 10:02 Tourism Michal Raz-Chaimovitz

05 March 2021

Egyptair to replace Sinai Air on Tel Aviv - Cairo route

With other Arab airlines inaugurating flights to Israel, Egyptair is "coming out of the closet" and replacing its subsidiary and tripling the number of daily flights.

05/03/2021 10:35 Tourism Michal Raz-Chaimovitz

04 March 2021

Greenpeace: Tar pollution disaster not act of terror

Environmental organization Greenpeace has criticized Israel Environment Minister Gila Gamliel for her accusations against Iran.

04/03/2021 23:32 Economy Shani Ashkenazi
EU probes Teva over Copaxone competition

The European Commission is investigating whether Teva acted to delay generic competition to its MS drug Copaxone in Europe.

04/03/2021 22:38 Healthcare Shiri Habib-Valdhorn
Israeli, Danish, Austrian leaders discuss pandemic cooperation

A vaccine production plant in Israel, an international green passport, and self-tests for Covid-19 were among the ideas examined.

04/03/2021 19:12 Healthcare Shirit Avitan-Cohen
Fiverr cancels planned $700m offering

The Israeli freelancer platform today announced that due to market conditions it would not be in its shareholders' interest to proceed and the offering has been cancelled.

04/03/2021 15:56 IT Shiri Habib-Valdhorn
Papaya Global raises $100m at unicorn valuation

The Israeli company's platform creates an automated process to solve the complexity of payroll data management.

04/03/2021 15:37 Financial services Ofir Dor
Predictive quality co Seebo raises $24m

The Israeli company's solution enables manufacturers to identify process-driven inefficiencies in their production processes.

04/03/2021 15:08 Start ups Globes correspondent
Israeli telehealth platform TytoCare raises $50m

TytoCare was a promising company even before the Covid-19 pandemic pushed more activities online.

04/03/2021 14:44 Healthcare Gali Weinreb
Israel, Korea team on unmanned loitering munitions systems

Israel Aerospace and Korea Aerospace will work together to provide the South Korea army with unmanned loitering munitions systems.

Average salary in Israel rose 7% in 2020

The average monthly salary rose to NIS 11,538 as the number of jobs fell 10%, the Central Bureau of Statistics reports.

04/03/2021 13:42 Economy Guy Ben Simon
Image recognition co Pomvom raises NIS 38m in TASE IPO

The Israeli company's platforms offer unique AI image services to amusement park operators and event organizers.

04/03/2021 13:04 IT Globes correspondent
Shekel weakens sharply as markets fall

The Israeli currency is trading at its weakest against the dollar since late November.

04/03/2021 12:31 Market Globes correspondent
Bank of Israel Governor rules out rate hike

Prof. Amir Yaron told CNN that despite rising inflation expectations, the interest rate will stay "lower for longer" because of high unemployment.

04/03/2021 11:37 Economy Guy Ben Simon
Israeli chip co Xsight Labs raises over $100m

The Kiryat Gat-based company aims to deliver end-to-end connectivity solutions for cloud infrastructure.

04/03/2021 08:36 Start ups Globes correspondent

03 March 2021

Israeli Environment Minister: Oil spill was Iranian terror

Marine protection head Rani Amir was more circumspect saying he cannot rule out that it was an act of terror by the ship smuggling oil from Iran to Syria.

03/03/2021 21:35 Environment Shani Ashkenazi
Next Insurance buys AP Intego, doubling revenue

The Israeli digital insurance company declined to disclose any financial details about the deal but said that the acquisition will double revenue from $200 million annually to $400 million.

Boston Scientific to buy Lumenis surgical division for $1.1b

Boston Scientific plans leaving Lumenis' surgical activities in Israel and expanding the Yokneam offices into a world center for laser surgery.

03/03/2021 17:04 Healthcare Gali Weinreb
Hot launches 1 Gbps fiber optic services

Hot CEO Tal Granot-Goldstein says prices for packages will be published in 10 days.

Israeli identity validation co Identiq raises $47m

The Tel Aviv-based company assists organizations that have long suffered data theft, privacy challenges and frequent attacks by fraudsters posing as real users.

03/03/2021 15:27 Start ups Globes correspondent
Danish, Austrian leaders snub EU with Israel vaccine visit

Sebastian Kurz and Mette Frederiksen, who will visit Jerusalem on Thursday to discuss vaccination cooperation, feel they cannot rely exclusively on the EU.

03/03/2021 13:20 Healthcare Assaf Uni, Berlin
Poll finds Lapid gaining, Meretz out

Two polls released yesterday show contrasting results; according to one,Netanyahu could form a coalition with Arab support.

03/03/2021 11:52 Politics Shlomit Ravid
Volvo unit teams with Israel's Foretellix on autonomous safety

Foretellix has developed a verification platform that coordinates and monitors millions of driving scenarios.

Fiverr exploiting rocketing share price to raise $700m

Freelancer platform Fiverr has seen its share rise to thirteen times the price in its 2019 IPO.

03/03/2021 10:18 Market Globes correspondent
PayPal in talks to buy Israeli co Curv - reports

Curv has developed a platform for managing cryptocurrencies in the cloud, which allows liquidity of assets while securing the digital currencies.

03/03/2021 06:27 Start ups Globes correspondent

02 March 2021

Covid cabinet approves reopening Ben Gurion airport

Israel's airport will reopen on Sunday for a limited number of passengers, and the exemptions committee will be dissolved, subject to approval of the full cabinet.

02/03/2021 22:53 Tourism Globes correspondent
Digital assets security co Curv in talks for $200m exit

The Israeli startup has developed a platform for securely managing cryptocurrencies in the cloud.

02/03/2021 17:35 Mergers & acquisitions Ofir Dor
Rami Levy added to market concentration list

Israel's Committee for the Reduction of Concentration in the economy has added nine new companies to its list for 2021.

02/03/2021 16:59 Economy Nitsan Shapir
Wix buys food ordering tech co SpeedETab

The acquisition will enhance the ability of the Israeli website construction tools company to help restaurant owners build an online presence.

Online migrant workers bank Rewire raises $20m

The Tel Aviv-based company's mission is to empower every migrant to fulfill their financial potential for a better future, for themselves and their families.

02/03/2021 15:00 Start ups Globes correspondent
G. Willi-Food CEO quits

Einat Peled Shapira is quitting only one year after succeeding Michael Luboschitz who held the post for two years.

02/03/2021 14:01 Market Shany Moses
Lemonade tops Q4 forecasts but losses weigh on share

Lemonade's market cap is $7.5 billion, representing a 324% return since the company's IPO eight months ago.

Israel's gas royalties up 30%, topping NIS 1b in 2020

With the Leviathan field beginning operations, royalties were actually 40% below expectations.

02/03/2021 12:35 Energy Shani Ashkenazi
Kaltura seen aiming for $1b valuation in Nasdaq IPO

Israeli video platform company Kaltura's business has boomed during the coronavirus pandemic, but it has yet to turn a profit.

02/03/2021 12:29 Start ups Shiri Habib-Valdhorn
Ormat Technologies rebuts graft allegations

Ormat describes claims by Hindenburg Research as "inaccurate and filled with innuendo in an attempt to mislead investors."

02/03/2021 10:19 Energy Globes correspondent
Elbit wins $300m contract in Asia for Hermes 900

Elbit Systems will supply Hermes 900 Unmanned Aircraft Systems and also provide maintenance and support services.

01 March 2021

Short seller charges Ormat with 'dirty dealings in clean energy'

Hindenburg Research has accused the Israeli geothermal energy company with "widespread and systematic acts of international corruption."

01/03/2021 21:34 Energy Globes correspondent
High Court: Israel must recognize Reform conversions

Israel's High Court of Justice has ruled that the state must recognize conversions performed in Israel by the Reform and Conservative movements for the Law of Return.

01/03/2021 21:06 Legal Globes correspondent
Jerusalem's White Ridge plan put on hold

The environmentally controversial 5,000 home neighborhood could be blocked by the failure of the Ora junction interchange to win approval.

01/03/2021 19:19 Real estate Shani Ashkenazi
First UAE Ambassador arrives in Israel

Mohammed Al-Khajah met Foreign Minister Gabi Ashkenazi in Jerusalem and presented his diplomatic credentials to President Reuven Rivlin.

01/03/2021 17:31 Politics Danny Zaken
Israeli startups raised over $1.1b in February

After raising a record $10 billion in 2020, Israeli tech startups have already raised $2.5 billion in the first two months of 2021.

01/03/2021 15:33 Start ups Globes correspondent
Perrigo sells generics division for $1.55b to Altaris

Perrigo will now have no activities in Israel. The sale threatens 850 jobs in the Negev and the company might delist from the TASE.

01/03/2021 15:10 Healthcare Shiri Habib-Valdhorn
Royal Caribbean to launch first-ever Israel cruises

Between June and September, Royal Caribbean will offer three and seven night cruises from and back to Haifa via Cyprus and Greece.

01/03/2021 14:44 Tourism Michal Raz-Chaimovitz
Bezeq fiber-optic launch faces obstacles

The Internet service providers are putting spokes in the wheels, and may have a legal case.

01/03/2021 11:59 Market Gad Perez
Israel relaxes regulations on wireless product imports

Minister of Communications Benny Gantz: The reform will accelerate technological advancement in IoT, and in general.

01/03/2021 10:16 Economy Gad Perez
Israeli cyber co Axonius joins unicorn club

Axonius has raised $100 million in a D round led by New York-based Stripes at a valuation of over $1 billion.

01/03/2021 09:46 Start ups Ofir Dor
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