Front > News

News

28 March 2024

NICE CEO Barak Eilam credit: CRC Media Nice CEO Barak Eilam's 2023 compensation cost $24.5m

Eilam has been one of the highest earners among managers of Tel Aviv Stock Exchange-listed companies in recent years.

28/03/2024 18:44 Market Shiri Habib-Valdhorn
Leviathan platform  credit: Albatross Israel's Energy Ministry mulls construction of LNG facility

Such a facility would allow Israel to increase gas exports and diversify the countries to which it exports gas.

28/03/2024 16:03 Energy Dean Shmuel Elmas
High-tech credit: Shutterstock IVC-LeumiTech: Israeli startups raised $1.6b in Q1

There were six financing rounds of $100 million or more completed in the first quarter of 2024.

28/03/2024 14:41 Start ups Meytal Vaizberg
ReDrone credit: Elbit Systems Elbit unveils 3G ReDrone anti-drone system

ReDrone can locate, identify and intercept several targets simultaneously within a secured area.

Coro top management credit: Coro Israeli SME cybersecurity co Coro raises $100m

The Tel Aviv-based company targets the SME market such as retail chains, law firms, garages and clinics that are seeking a single package with all types of cybersecurity protection.

28/03/2024 11:59 Start ups Assaf Gilead

27 March 2024

Nobel Prize economics laureate Daniel Kahneman dies at 90

Kahneman, a psychologist, was awarded the Nobel Prize in Economics in 2002 for his work with Prof. Amos Tversky, who had died in 1996.

27/03/2024 18:12 Economy Globes correspondent
Gamida Cell to delist as Highbridge takes full ownership

The Israeli stem cell company will lay off 25% of its workforce and close its Jerusalem development center.

27/03/2024 17:17 Healthcare Gali Weinreb
One Zero cumulative losses mount to NIS 800m

The Israeli digital bank lost NIS 357 million last year but says it will be profitable by the end of 2025.

Delek unit Ithaca in talks to buy Eni UK assets

If the deal is completed, Eni will receive a 38%-39% stake in Ithaca while Delek will reduce its stake from 88.55% to 53%-54.9%.

27/03/2024 15:10 Energy Shiri Habib-Valdhorn
Strauss seeks NIS 300-400m savings in new strategic plan

Food company Strauss Group's revenue surpassed NIS 10 billion in 2023 for the first time.

Canadian cos confused by mixed messages on Israel arms

“For companies to be able to comply with changes to those rules, they need to know what the changes are,” president of the Defense Industries Association of Canada Christyn Cianfarani told "Defense News."

27/03/2024 12:57 Politics Dean Shmuel Elmas
Bill Ackman: Tel Aviv Stock Exchange at bargain price

Ackman and his wife Neri Oxman bought a 4.9% stake in the exchange in January.

27/03/2024 12:25 Market Globes correspondent
BoI blocks Nawi Brothers takeover of Isracard

The Bank of Israel will not permit nonbanking credit company Nawi Brothers Group to control the credit card company with a stake of just 25%.

Abercohen, Watermann leave Shufersal with strong results

Chairperson Itzhak Abercohen and CEO Ori Watermann are about to hand Israel's largest supermarket chain over to brothers Shlomi and Yossi Amir.

27/03/2024 10:46 Retailing Shira Sapir

26 March 2024

Cyberattacks against Israeli companies have tripled

Adv. Vered Zlaikha: Directors should outline strategies and risk management in companies, with cybersecurity one of those risks that must be considered.

26/03/2024 17:42 Legal Globes correspondent
Regulator to declare big banks as concentration group

The Israel Competition Authority wants to encourage more competition in retail banking.

Jerusalem asserts primacy in Israel's real estate market

Jerusalem has overtaken Tel Aviv in building starts and the number of new apartments sold, the Central Bureau of Statistics reports.

26/03/2024 16:17 Real estate Arik Mirovsky
Shekel weakens sharply as volatility continues

Some analysts blame the shekel's depreciation on deteriorating US-Israel ties, while others says it is routine volatility.

26/03/2024 13:58 Market Aharon Katz
Carrefour losses continue for Electra Consumer Products

The company sees Carrefour Israel becoming profitable this year, but is carrying out "substantial closures" of its 7-Eleven franchise stores.

26/03/2024 12:54 Retailing Hezi Sternlicht
Public transport fare reform goes into effect

The reform includes free travel for discharged soldiers in their first year after service, 50% discount fares for residents of the geographical periphery, and discounts for those aged 26 and younger.

Gov't postpones draft law decision amid Treasury criticism

The Ministry of Finance says current proposals will neither answer security needs nor raise haredi participation in the workforce.

26/03/2024 11:06 Economy Globes correspondent
Adam Neumann offers $500m for WeWork

Neumann was ousted from the company he founded, and which is now in bankruptcy proceedings, five years ago.

25 March 2024

Israel-US relations hit new low after US abstention at UN

The UN Security Council has passed a resolution calling for an immediate ceasefire in Gaza after the US did not use its veto.

25/03/2024 18:15 Politics Globes correspondent
Israeli airlines offer flexible tickets for higher fares

Israelis booking overseas flights but eager to keep their cancelation and postponement options open must pay fares of 8%-20% more.

25/03/2024 17:26 Tourism Stav Livne
Norway fund could disinvest from firms selling arms to Israel

Norway's sovereign wealth fund is concerned about a breach of its ethical guidelines.

25/03/2024 15:14 Politics Assaf Uni
AI investment accounting platform FundGuard raises $100m

The Israeli company's platform leverages cloud-native technology and AI to modernize and streamline investment accounting operations and workflows.

25/03/2024 13:59 Start ups Assaf Gilead
Gov't Cos Authority wants new company to run Metro project

The Authority is formulating a government decision to remove the project from NTA, which is responsible for building the Tel Aviv light rail system.

Treasury official: Draft law will cost economy dearly

Budgets Commissioner Yogev Gardos warns that the government's bill will push haredi men to stay in yeshiva.

25/03/2024 10:38 Economy Oren Dori

24 March 2024

El Al to raise $100m and buy 3 Dreamliners

The Israeli airline's TASE offering will also allow controlling shareholder Kenny Rozenberg to convert owner's loans into equity.

24/03/2024 21:24 Tourism Hezi Sternlicht
NextVision's market cap exceeds $1b after 800% rise

With huge returns since its TASE IPO, the stabilized camera company has a higher market cap than veteran Israeli companies like Cellcom, Isracard and Rami Levy.

Why GPS can't find you in Haifa

Disruptions are making GPS navigation less and less reliable in some parts of the world, and older technologies are making a comeback.

Apartments sold and rented

A selection of recent real estate deals in Israel in Givatayim, Bat Yam, Rishon Lezion, Ramat Hasharon, Gan Yavne and Katzrin.

24/03/2024 13:39 Real estate Nir Weiss-Vadraru
OurCrowd expanding investment in war-affected startups

The investment platform's Israel Resilience fund will invest in 34 startups, which will also receive assistance from PwC Israel.

24/03/2024 11:36 Start ups Galit Hatan

23 March 2024

Qualcomm cancels $350m Autotalks acquisition

The acquisition of the Israeli vehicle chip company was canceled after a far reaching probe by the UK antitrust regulator.

21 March 2024

Tower Semiconductor back on the rise

Analysts believe that the chipmaker's share price has an upside of between 20% and 37%.

21/03/2024 17:07 IT Netanel Ariel
Kinneret nearly full as spring begins

The lake is currently just 73 centimeters from its maximum level of 208.80 meters below sea level, according to the Kinneret Authority.

21/03/2024 15:50 Water Globes correspondent
Shekel surges after US Fed leaves rate unchanged

BDO chief economist Chen Herzog: Future shekel trends will depend on geopolitical developments, the ability to reach a hostage agreement and government fiscal responsibility.

21/03/2024 14:54 Market Aharon Katz
Mobileye and VW to deepen partnership

Mobileye will provide driving assistance software based on its SuperVision and Chauffeur platforms to VW's luxury brands Audi, Bentley, Lamborghini and Porsche.

21/03/2024 11:45 IT Globes correspondent
Concerns in Israel that Canadian arms embargo will snowball

Defense imports from Canada represent just 0.05% of Israel's total defense imports but there are concerns that other countries might follow suit.

Twitter Facebook Linkedin RSS Newsletters âìåáñ Israel Business Conference 2018