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29 June 2022

Doron Cohen  credit: Tamar Matsafi Sky fund among possible Cellcom buyers

Discount Investment officially announced today that it was seeking to sell it s controlling stake in Cellcom.

Merav Michaeli  credit: Alex Kolomoisky, Yediot Ahronot Tel Aviv metro becomes a political game

Political wrangling hasn't entirely stopped the project, vital for Israel's economy, but it raises fears for future progress.

Gas station Credit: Eyal Izhar Gasoline prices in Israel to rise above NIS 8 per liter

The price of gasoline in Israel is fast approaching its all-time record high of NIS 8.25 per liter 10 years ago.

29/06/2022 12:38 Energy Oren Dori
Johny Srouji and Bashar Masri Credit: Apple Apple to expand Palestinian R&D center

Apple has announced the expansion of its center, which already employs 60 engineers, in the Palestinian Authority city of Rawabi.

29/06/2022 07:33 IT Assaf Gilead

28 June 2022

Joffre Capital buys 25.7% stake in Playtika

Even though Joffre Capital is paying well over the market price, Playtika's share price is currently down 5.73% on Nasdaq at $13.56, giving a market cap of $5.3 billion.

28/06/2022 18:33 IT Globes correspondent
Israelis flock to Turkey as travel warning eased

Even before the travel warning was eased, Israelis restarted booking trips to Turkey. Eshet Tours VP Shirley Cohen-Orkaby said.

28/06/2022 18:12 Tourism Michal Raz-Chaimovitz
Israeli identity based access co Cyolo raises $60m

Cyolo enable customers to secure all users, from high-risk access and third-party users, to remote workers, with full implementation across all users, apps and assets, on-site and remote.

28/06/2022 17:02 Start ups Globes correspondent
TA Municipality issues design rules for Sde Dov development

The new neighborhood in north Tel Aviv will have a variety of construction, with towers of up to 45 floors.

28/06/2022 16:15 Real estate Yuval Nisani
Israeli HR flexibility platform co Gloat raises $90m

The company's platform breaks down organizational barriers, analyzes employees’ skills at scale, and provides crucial insights for strategic talent decision-making.

28/06/2022 16:00 Start ups Globes correspondent
Yes and Disney+ cancel streaming deal exclusivity

The Israel Competition Authority, which would have been unlikely to approve the deal, has closed its investigation of the matter.

Shekel weakens sharply on volatile forex markets

Forex markets worldwide are volatile with recessionary concerns, high inflation, and rising interest rates spooking markets.

28/06/2022 14:54 Market Globes correspondent
Aviat Networks bids to buy Ceragon Networks

US microwave networking solutions company Aviat Networks has acquired 5% of the Israeli network equipment vendor and is offering $2.80 for the rest of its shares.

28/06/2022 13:35 IT Shiri Habib-Valdhorn
Election date squabble could delay US visa waiver for Israelis

The opposition is refusing to vote for an amendment to the Citizenship and Entry into Israel Law unless the elections are held in October 25.

28/06/2022 12:52 Politics Globes correspondent
Playtika jumps after report Joffre Capital buying in

According to the report by the Axios website, Playtika will continue to be traded on Nasdaq.

27 June 2022

Alibaba shuts Israel development center, lays off 60

The Chinese giant's Tel Aviv development center was set up in 2017, following the acquisition of two Israeli startups: Visualead and InfinityAR.

27/06/2022 18:27 Employment Assaf Gilead
Kiryat Shmona rail link plan deposited for objections

The new line has come under criticism because stations will be built in outlying areas and will not serve Arab towns.

Software co Incredibuild raises $35m, doubles valuation

The Israeli company has developed technology that assists companies and their DevOps teams to accelerate various stages in the software development process.

27/06/2022 14:44 Start ups Ofir Dor
XM Cyber buys Israeli co Cyber Observer

Cybersecurity company Cyber Observer was founded in 2012 by graduates of the Prime Minister's Office computer unit CEO Shimon Becker, VP R&D Moti Ram and CTO Oded Mass.

27/06/2022 14:11 Mergers & acquisitions Ofir Dor
Arkia talking to other buyers as El Al's exclusivity ends

El Al says that it will continue to negotiate with Arkia, which is 70% owned by brothers Joe, Raffi and Avi Nakash.

27/06/2022 13:48 Tourism Michal Raz-Chaimovitz
Gov't approves NIS 3b climate-tech program

The program is meant to help Israel take a slice of a huge global market, but implementation will depend on the next government.

27/06/2022 11:07 Economy Shani Ashkenazi

26 June 2022

JTLV3 buys Mandarin Hotel land in Tel Aviv

The real estate fund will pay NIS 190 million + VAT for the land in the far northwest of Tel Aviv.

26/06/2022 20:52 Real estate Arik Mirovsky
General Atlantic CEO: Opportunities are still at exorbitant prices

Bill Ford on his first visit to Israel, where General Atlantic has invested $750 million, tells "Globes" that the tech market is slowly returning to rational valuations.

26/06/2022 18:04 Start ups Assaf Gilead
El Al to discontinue three routes from October 30

The Israel carrier has told travel agents that it is halting flights to Toronto, Brussels and Warsaw due to expected changes in demand.

26/06/2022 15:33 Tourism Michal Raz-Chaimovitz
BLEnergy installing power storage system for Haifa's Metronit

The system will charge Metronit’s 50 electric articulated buses.

Energean CEO Mathios Rigas sells 2.8% stake

Rigas sold the shares at a 5.6% discount on the market price.

26/06/2022 11:42 Energy Globes correspondent
Alfred Akirov returns to investment in Bank Leumi

Akirov's Alrov Properties and Lodgings bought shares to the tune of NIS 100 million in the bank's offering last week.

23 June 2022

Starburst buys Israeli data analytics co Varada

Varada has developed data indexing technology, which will complement Starburst's big data analytics platform.

23/06/2022 15:54 Mergers & acquisitions Ofir Dor
Aaron Frenkel buys Leumi shares for NIS 930m

The Israeli businessman holds 2.1% of the bank's equity after it raised NIS 2.75 billion in new shares last night.

Fake profile finder Pipl firing 22, hiring 50

Behind the Israeli-US startup's personnel changes is the plan to implement full automation of its product.

23/06/2022 14:50 Employment Assaf Gilead
Deel to buy global payroll co PayGroup

Deel has bid $1 per share, a 174% premium on PayGroup's closing price on the Australian stock exchange.

23/06/2022 14:00 Financial services Ofir Dor
Pagaya completes SPAC merger at $8.5b valuation

Despite the market turmoil, the Israeli fintech company debuts on Nasdaq today, without having cut its valuation.

22 June 2022

Leumi share price falls hard ahead of NIS 2b TASE offering

The Israeli bank's share issue will support rising demand for loans in the commercial, business and mortgage sectors.

"EVs could cause Israel's electric grid to collapse"

Aviem Tensor CEO Ran Abudi has warned that Israel's electricity grid could collapse under the weight of the charging needs of electric vehicles (EV), if proper regulation is not put in place.

22/06/2022 17:31 Energy Globes correspondent
Vine closes $140m VC fund, opens Tel Aviv office

Vine Ventures leads the earliest financing rounds of tech companies in the US, Israel and Latin America, typically investing between $1 million and $10 million.

22/06/2022 16:01 Start ups Globes correspondent
Israeli irrigation co Rivulis buys India's Jain

Jain will hold a 22% stake in the merged company and Singapore investment fund Temasek the other 78%.

Israeli AI-based IVF software co AiVF raises $25m

The company's EMA platform performs 50 times faster and is 48% more accurate than an embryologist in the clinic.

22/06/2022 15:03 Healthcare Gali Weinreb
Stock market unimpressed by RADA merger

Despite claims that Leonardo DRS is buying the Israeli defense company at a 34% premium, RADA's share price has fallen.

Market players see election having no effect on TASE

Gilad Altshuler: Happily, it’s not the government that leads the Israeli economy.

22/06/2022 12:18 Economy Hezi Sternlicht

21 June 2022

Netflix CEO in Israel to oppose production legislation

Ted Sarandos met with Minister of Communications Yoaz Hendel to convince him that legislation requiring Netflix to produce local content could reduce Netflix's investment in Israel.

Abercohen voted on to Shufersal board, set to be chairman

Former CEO Itzik Abercohen is one of five new members voted on to the board of directors.

21/06/2022 16:28 Retailing Omri Cohen
E-commerce platform Global-e buys Borderfree for $100m

The Israeli company will pay Pitney Bowes cash for the cross-border e-commerce payment solutions company and has also formed a strategic partnership with Pitney Bowes.

Israir Group raises NIS 25m in TASE IPO

The offering by the aviation and tourism group was at a pre-money valuation of NIS 220 million.

21/06/2022 12:04 Tourism Omri Cohen
Leonardo DRS buys Israeli radar co RADA at 34% premium

The merger with Arlington, Virginia-based Leonardo DRS will leave RADA shareholders with 19.5% of the combined defense company.

Bennett leaves on his own terms while he can

Anticipating the inevitable, Naftali Bennett chose to dissolve the Knesset himself, thereby depriving rebel Yamina members of political leverage.

21/06/2022 10:19 Politics Shirit Avitan Cohen
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