Work on light rail Green Line  credit: Bar Lavi Planned Metro excavations revive artificial island idea

40 million cubic meters of earth will be excavated in constructing the Gush Dan Metro. Could it be used to build an island off Israel's coast?

Shai Kedem  credit: Ron Rakach Another senior professional leaves Transport Ministry

Transport Planning Division head Shai Kedem has announced that he will step down.

ZOOZ Power CEO Boaz Weizer  credit: PR ZOOZ Power completes SPAC merger

The company is a developer of fast charging solutions for electric vehicles.

GPS-based app Waze credit: Daniel Constante Shutterstock High alert as GPS disruptions spread to central Israel

Residents reported disruptions with GPS-based navigation apps like Waze, Moovit and Google Maps, telling users they were in Beirut, likely due to IDF jamming actions.

BYD ATTO3 best selling car in Israel credit: PR Car deliveries to Israel down sharply in Q1

Israel's car import market recorded a strong fall in the first quarter of 2024, although electric cars grabbed a far bigger market share.

Jerusalem light rail Red Line credit: Shutterstock Jerusalem Red Line extension delayed until later this year

The eight kilometer extension of the light rail Red Line had been scheduled to open in July 2023.

Dan bus credit: Cadya Levy 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.

Tel Aviv Metro project credit: Tali Bogdansky 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.

Shaul Schneider credt: Shlomi Yosef Ashdod Port CEO reveals IPO plans

Shaul Schneider told the Globes Infrastructures Conference that only 49% of the port's shares would be sold, so control would remain in government hands.

OPC Hadera Power Plant  credit: OPC C'ttee approves power stations over ministers' objections

The National Infrastructures Committee has approved construction of the Reindeer Energy Eastern Power Station and expansion of the OPC power station in Hadera.

ZIM ship credit: ZIM ZIM slumps to huge loss in 2023

The Israeli shipping company sees prices rising because of the Houthi crisis, which has increased demand for its services.

Light rail station  credit: Yossi Cohen Red Line glitches pile up

Some of the faults on the Tel Aviv area light rail line are teething troubles, but some are a result of deficiencies in planning and execution.

Gett app  credit: Studio Gett Pango in talks to buy Gett

Negotiations are taking place at a valuation of $150-160 million, nearly 80% below taxi hailing app Gett's valuation in its aborted IPO.

Tel Aviv Metropolitan Area light rail Red Line  credit: Yossi Cohen Greater Tel Aviv light rail usage disappoints

NTA projected 238,00 journeys daily for the Red Line, but in the first six months of operation passenger numbers were far lower.

Nofit light rail credit: Yinon Consultation Alstom consortium wins Haifa-Nazareth light rail tender

Alstom, Electra and Minrav will build and operate the 41 kilometer line with 20 stations.

Emmanuel Macron  credit: Shutterstock/Alexandros Michailidis France seeks to expedite India-Middle East-Europe corridor

The project, which includes Israel, is partly meant to counter China's "Belt and Road" program and the Russia-India "North-South" corridor via Iran.

New cars at Haifa Port  credit: Shutterstock EV travel tax seen yielding NIS 1.5b in first year

The tax is due to be imposed from 2026, to compensate for loss of revenue from taxation of fuel. 11.4% of state revenues derive from vehicle taxation.

Site of Metro station in Tel Aviv credit: Shutterstock NTA issues expropriation orders for Tel Aviv Metro

NTA says that, at this stage, land will be expropriated in the center of the network only for the construction of the M1 and M3 lines.

Jared Kushner and Asi Shmeltzer credit: Ezra Levy Kushner's Affinity Partners buys 15% Shlomo Group stake

Affinity Partners, which was founded by Jared Kushner, has raised $2 billion from the sovereign wealth funds of Saudi Arabia, UAE and Qatar.

MSC container ship in Suez Canal credit: Shutterstock Egypt asks Houthis to attack only Israeli ships - report

Due to a big fall in Suez Canal revenue, Egypt has asked the Houthis to focus attacks only on Israeli ships, "Al-Araby Al-Jadeed" reports.

Container ship credit: Shlomi Yosef Insurance cos refuse coverage for Israeli ships in Red Sea - report

Insurance companies have stopped providing coverage for Israeli, US and UK ships sailing on the Red Sea, CNN and Loadstar have reported.

COSCO ship  credit: Shutterstock How China profits from COSCO's avoidance of Israel

The decision by COSCO not to visit Israeli ports has boosted the market share of Chinese shipping lines.

EV charging point  credit: PR Mileage tax will apply to plug-ins

The new tax on electric vehicles will be broadened to include plug-in hybrids in 2026. Higher prices for electricity to charge EVs will also be considered.

NTA CEO Haim Glick  credit: Cadya Levy NTA head hints at long delay to Metro

In a lecture at the Technion, NTA CEO Haim Glick spoke of the Tel Aviv area Metro opening in 2040. The original target date was 2032.

Tanker Chem Pluto  credit: Marcel Coster "Israel is facing silent sanctions"

Ami Daniel, CEO of maritime risk monitoring company Windward, says more and more shipping lines are avoiding the risk of sailing to Israel.

COSCO ship  credit: Shutterstock China's Ambassador summoned over COSCO decision to quit Israel

Government owned shipping company COSCO would not have decided to stop calling at Israeli ports without direct instructions from Beijing.

Prof. Amnon Shashua  credit: Nasdaq Mobileye scores major contract win

Mobileye's ADAS solutions will be implemented in all the brands of "a major Western automaker" from 2026.

MSC container ship in Suez Canal credit: Shutterstock Container giant MSC raises shipping rates to Israel

MSC informed customers today that it is hiking shipping rates to Israel from $3,500 per 20 cubic feet and $6,000 per 40 cubic feet to $5,000 and $7,000 respectively.

COSCO ship  credit: Shutterstock Chinese shipping giant COSCO to stop visiting Israeli ports

The decision comes despite the low chances of the Houthis attacking a Chinese vessel.

Ambrey CEO Joshua Hutchinson  credit: Gil Gibli "The threat will spread"

Joshua Hutchinson, CEO of maritime security company Ambrey, gives "Globes" his assessment of the impact of Houthi attacks on shipping.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018