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25 July 2024

Mohammed Dahlan with the late Shimon Peres credit: Reuters US sees Mohammed Dahlan as Gaza leader - report

In recent talks between Hamas and Fatah, Dahlan presented himself as someone who could lead the assistance to establish a new administration in Gaza, “The Wall Street Journal” reports.

25/07/2024 15:31 Politics Dean Shmuel Elmas
Shekels credit: Shutterstock Vladerina32 Shekel weakens sharply after Nasdaq declines

Over the last week the shekel has depreciated by 0.6% against the US dollar, but in the last month it has actually strengthened by 1.5%.

25/07/2024 14:39 Market Globes correspondent
Jamie Dimon credit: PR JPMorganChase CEO Jamie Dimon meets Israeli tech leaders

During his visit to Israel this week, Jamie Dimon CEO of JPMorganChase, the biggest bank in the US, met for lunch with Israeli tech leaders at the home of Eyal Waldman.

25/07/2024 12:47 Economy Meytal Vaizberg
Bezalel Smotrich, Benjamin Netanyahu  credit: Knesset spkesperson's office, Shutterstock  processing: Tali Bogdanovsky Budget delay, canceling VAT hike jeopardize Israel’s credit rating

There is major concern that the government’s economic policies could lead to a further cut in Israel’s credit rating.

25/07/2024 11:43 Economy Oren Dori
TAMA 38 project in Tel Aviv credit: Roy Ben Anat Tel Aviv TAMA 38 residential building plans in disarray

Hundreds of Tel Aviv apartment owners with plans to strengthen and enlarge their buildings will be left in limbo after TAMA 38 expires next month.

25/07/2024 10:16 Real estate Yuval Nisani

24 July 2024

Tel Aviv Port penthouse sold for NIS 36m

A 243 square meter penthouse has been sold in the Hagag Group’s (TASE: HGG) Port TLV Residence project for NIS 36 million.

24/07/2024 19:14 Real estate Arik Mirovsky
Check Point becomes Israel’s most valuable company

Wall Street investors have responded positively to the appointment of Nadav Zafrir as the new CEO of the veteran Israeli cybersecurity company.

24/07/2024 18:23 Market Shiri Habib-Valdhorn
Philippine army test fires Elbit tanks

A Philippine army armored corps battalion has completed its first test-fire training using the Sabrah light tank, with 105 millimeter main cannon.

Regulatory risk thought factor in Wiz deal cancellation

Acquisition deals by technology giants like Google can come under close reglatory scrutiny, sometimes delaying them by years.

Israeli cybersecurity co Dazz raises $50m

The new funds will support Dazz’s aim to help security and engineering teams reduce exposure efficiently and accelerate the company’s momentum in redefining risk prioritization and remediation using AI technologies.

24/07/2024 16:01 Start ups Globes correspondent
Disinformation detection co Cyabra agrees Nasdaq SPAC merger

Elon Musk commissioned Cyabra to analyze the level of bot activity on Twitter prior to his acquisition of the social media platform.

24/07/2024 15:02 Start ups Globes correspondent
JNF indecisiveness delays development of Jerusalem land

Eighteen months after US Jewish businessman Gary Barnett bought land owned by the Greek patriarchate for NIS 750 million there has been no practical progress.

24/07/2024 13:40 Real estate Yuval Nisani
Check Point names Nadav Zafrir next CEO

Zafrir, co-founder of tech investment firm Team8 and a former commander of the IDF 8200 signals intelligence unit, will replace Check Point co-founder Gil Shwed in the role.

24/07/2024 12:20 IT Assaf Gilead
Israel's traffic jams add 6% to cost of living - study

Researchers Sani Ziv and Oren Shapir of the Aharon Institute for Economic Policy recommend long-term integrated housing and transport planning.

24/07/2024 11:05 Real estate Asaf Zagrizak

23 July 2024

El Al to reduce ‘diamonds’ benefits for frequent flyers

‘Diamonds’ allow frequent flyers to upgrade their status from basic, through silver, gold, and platinum to top platinum.

23/07/2024 18:59 Tourism Stav Livne
Applied Systems buys Israeli AI insurtech co Planck

Planck’s team will set up an Israel development center for Applied Systems to further develop AI products for cloud-based insurance software.

Update on cyberattack at "Globes"

Maintenance and upgrade work in the coming days may cause temporary disruption to our services.

Israeli heart pump co Magenta Medical raises $105m

The company has developed a miniature heart pump that can be inserted into the body through minimally invasive surgery.

23/07/2024 15:38 Healthcare Meytal Vaizberg
Ryanair to operate flights to 16 more destinations from Israel

This will make the Irish low-cost carrier, the foreign airline in Israel with routes to the most destinations.

23/07/2024 14:36 Tourism Stav Livne
Palestinian factions agree on unity

At the end of a conference in China, fourteen Palestinian factions issued a declaration on "national unity", but similar past events have not healed the rift between Hamas and Fatah.

23/07/2024 14:21 Politics Globes correspondent
Wiz wins huge Israeli gov’t tender

Through software distributor Accel, Wiz will provide cloud security services for all government ministries and organizations.

23/07/2024 12:58 IT Assaf Gilead
Wiz turns down Google’s $23b acquisition offer

The Israeli cloud security company’s CEO Assaf Rappaport told employees that Wiz would instead focus on an IPO.

23/07/2024 06:42 IT Globes correspondent

22 July 2024

German naval commander in Israel to discuss unmanned sub

Commander of the German Fleet and Vice Chief of the German Navy Vice Admiral Jan Christian Kaack visited Israel last week and had talks about BlueWhale with Israel Navy Commander David Saar Salama.

Discount Investment sells control of Elron Ventures

Family office Arieli El is buying the 59% stake in Discount Investment’s technology arm for $53.2 million.

22/07/2024 19:10 Market Hezi Sternlicht
Chip equipment cos Nova, Camtek slip from peak

Geopolitical tensions between the US and China are affecting the two Israeli companies.

22/07/2024 16:40 IT Shiri Habib-Valdhorn
Israeli co Linx Security raises $33m

Linx Security seeks to redefine how organizations secure and manage identities across complex digital landscapes.

22/07/2024 16:00 Start ups Globes correspondent
Hospitality co Selina files insolvency request

The Israeli company is also likely to have its shares delisted from Nasdaq after its financial difficulties mount.

22/07/2024 14:16 Tourism Shiri Habib-Valdhorn
Rents rise as supply declines

Between June 2023 and June 2024, the number of homes offered for rent fell by nearly 30%, according to WeCheck.

22/07/2024 13:04 Real estate Arik Mirovsky
How will markets respond to Biden's withdrawal?

The only precedent is Lyndon Johnson dropping out of the presidential race in 1968, but the two events are very different in themselves and in their contexts.

22/07/2024 11:31 Politics Smadar Kilav

21 July 2024

Bladeranger drones clean German station roofs

The Israeli company’s solar panels cleaning solution has been successfully adapted to cleaning the glass roofs of German railway stations.

21/07/2024 15:44 Market Globes correspondent
Apartments sold and rented

A selection of recent real estate deals in Israel in Ramat Gan, Bat Yam, Holon, Ramat Hasharon, Ramat Yeshay and Beersheva.

21/07/2024 15:20 Real estate Anat Daniely Lev
CrowdStrike's woes boost SentinelOne, Palo Alto

SentinelOne's share price rose by nearly 8% on Friday, but market sources say that, if the global glitch proves to be a one-time event, it will not hurt CrowdStrike substantially.

21/07/2024 14:29 IT Meytal Vaizberg
Jerusalem Germany Colony house sold for NIS 32m

The Templar house at the corner of Yitzhak A. Cremieux Street and Yochanan Smuts Street, slated for preservation, was bought by a family that immigrated to Israel from the US 10 years ago.

21/07/2024 13:56 Real estate Nir Weiss Vadraru
Regev seeks to scupper Tel Aviv congestion charge

The Minister of Transport is initiating a government decision to cancel the Congestion Charge Law that is due to come into force in 2026.

All consumers enabled to switch electricity supplier

From July 25, even customers without a smart meter can leave Israel Electric Corporation for a different supplier.

21/07/2024 12:50 Energy Dean Shmuel Elmas
Cathay Pacific extends Israel flights suspension until March 2025

Before the war Cathay Pacific operated three weekly flights between Hong Kong and Tel Aviv.

21/07/2024 12:35 Tourism Stav Livne
Amdocs to lay off up to 3,000

The Israeli business systems company is preparing for another major round of layoffs in which an estimated 5%-10% of the company’s workforce will be laid off.

21/07/2024 12:23 Employment Shiri Habib-Valdhorn
Foreign construction firms building 30% of Israeli homes

Local construction companies are concerned about the Ministry of Construction and Housing's policy of encouraging more foreign companies to build in Israel.

21/07/2024 12:15 Real estate Yuval Nisani

17 July 2024

Tel Aviv fast lanes set to open next year

Critics say the project has big costs and low benefits and won't solve the traffic congestion.

The big Wiz winners, and the taxes they'll pay

Why it's worthwhile for the company's founders to hold less than 10%, and other questions.

Israeli hybrid data cloud co CTERA raises $80m

The Israeli company has developed an edge-accelerated global file system across public and private cloud environments with AI-based ransomware protection and data intelligence services.

17/07/2024 16:00 Start ups Assaf Gilead
Israeli AI disease models co CytoReason raises $80m

Six of the world’s top 10 pharma companies use CytoReason’s technology to make data-driven decisions in immunology, inflammation, immuno-oncology, metabolism, and other therapeutic areas.

17/07/2024 15:22 Healthcare Globes correspondent
Cellebrite enables FBI to access data from Trump shooter's phone

The FBI used the Israeli company's digital investigation solution to retrieve data from Thomas Matthew Crook's mobile phone.

17/07/2024 14:02 IT Shiri Habib-Valdhorn
Startup Nation Central warns on cybersecurity overdependence

M&As and fundraising both jumped in the first half of 2024, but Startup Nation Central fears Israeli focus on cybersecurity could come at the expense of other tech trends.

17/07/2024 13:13 Start ups Meytal Vaizberg

16 July 2024

Haifa leads housing price rises

Housing prices in Haifa district have risen 7.5% since the start of the war, and it is now difficult to buy an apartment in the city for less than NIS 1 million.

16/07/2024 18:05 Real estate Arik Mirovsky
Treasury: Every 1,000 haredi soldiers saves NIS 1.3b annually

According to the Ministry of Finance, every 1,000 haredim who are conscripted for combat service will lead to a saving of 833,000 combat reserve days per year.

16/07/2024 15:09 Economy Idan Eretz
Centerbridge and Gallatin sell control of Phoenix

Among the buyers of stakes in Phoenix are Jared Kushnir's Affinity Partners and Yitzhak Tshuva.

Luxury homes: Jerusalem booms, Herzliya slumps

Tel Aviv still leads the market for homes costing NIS 10 million or more, while Jerusalem has pushed Herzliya firmly into third place.

16/07/2024 11:14 Real estate Arik Mirovsky
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