News

In a further crackdown on Israeli ties by President Recep Tayyip Erdogan, sources familiar with the matter have told "Globes" that exports of goods to Haifa and Ashdod ports have been prohibited.

The company has developed a platform for securing non-human identities in an organization.

The uncertain security and economic situation caused by the war is deterring international companies from bidding to operate the Green and Purple Lines.

The Israeli businessman had a busy week as he completed the sale of NeoGames for $1.2 billion and saw off Aaaron Frenkel's efforts to put his candidates on Tamar Petroleum's board.

Canada is set to become the latest country to prohibit bosses from contacting employees outside work hours.

The OECD says that Israel's economy will grow by 1.9% in 2024 and 4.6% in 2025 in its latest report on the global economy.

The UK private equity firm is buying a 57% stake in the Israeli digital fraud and financial crime protection company.

Eyal Ravid, owner and CEO of the supermarket chain, allegedly made public statements about price rises in violation of the Competition Law.

A senior source in Israel's construction industry insists that about 8,000 Palestinian workers from Judea and Samaria have recently been given permits to work in Israel with 8,000 more expected to enter soon.

Rafael's David's Sling is a collaboration that illustrates the combined strength of Israel's defense industry.

In the first four months of 2024, Israeli startups have raised $2.6 billion.

Tnuva said it is hiking the prices of non-price controlled dairy products as well as dairy delicacies, Sunfrost frozen vegetables, Mamma Of poultry products and Tirat Zvi meat products.

"Globes" talks to three market analysts about the consequences of a ceasefire or escalation.

International airlines that had begun to fly to Israel again following the outbreak of war suspended service after the attack by Iran, and are not rushing back.

The move does not apparently reflect a lack of cash in the company's coffers, but rather the cuts will allow RiseUp to achieve profitability.

The US AI chip giant is set to spend $1 billion on two Israeli startups, which some see as part of a 'brain drain' of the country's AI talent.

The enterprise browser data security company has doubled its valuation in just six months.

This is the fifth straight month that gasoline prices have risen by an accumulative NIS 0.90 per liter since the start of the year.

The losses are mainly on properties held by subsidiaries in the US, as the office market there continues to be slow.

A selection of recent real estate deals in Israel in Ramat Gan, Holon, Mazkeret Batya, Afula, Kiryat Tivon and Lahavim.

People who have registered biometric data can submit passport and ID card applications via the Population and Immigration Authority website.

Rumors of a possible hostage release deal, together with a rally on US stock markets, appear to be among factors boosting the shekel.

The Israel Defense Forces has ordered thousands of drones from two Chinese companies for its land forces, sources inform "Globes."

The results were in line with the profit warning issued by the Israeli company at the start of the year.

Bank Hapoalim chief strategist Modi Shafrir: The geopolitical picture continues to weigh on the Israeli currency.

The company reported non-GAAP earnings per share of $2.04, up 13% from the corresponding quarter of 2023 and revenue of $598.8 million, up 6% from the corresponding quarter.

Nvidia has struck a deal to acquire Deci AI, which has developed technology to compress generative AI language models, "The Information" reports.

The Israeli company's share price fell earlier this week after its US rival Enphase published its financial results showing a slower than expected recovery in the industry.

Eni will receive a 37.3% stake in Ithaca, in a stock deal for its North Sea oil and gas assets, while Delek will reduce its stake from 90% to 52.7%.

"Globes" looks at Rad Group, whose founders Yehuda and Zohar Zisapel, both died over the past year, and which must now move on without two of the founding fathers of Israeli high-tech.

No financial details about the acquisition have been disclosed but estimates are that Nvidia is paying $680-$720 million for the Tel Aviv-based company.

Having passed the House of Representatives on Saturday, the bill now goes to President Biden for signature.

The Tel Aviv based company had revenue of $78 million in 2023 and a net loss of $79.3 million.

A selection of recent real estate deals in Israel in Ramat Gan, Rehovot, Hod Hasharon, Hadera, Karmiel and Netivot.

The planned expansion of the OPC power station in Hadera has been cancelled.

The $26.4 billion for Israel is part of a $95 billion package that also includes military aid for Ukraine and Taiwan.

"TechCrunch" reports that Wiz would pay just $150-200 million for Lacework, which was given a valuation of $8.3 billion, post-money in its last financing round.

Stressing that the war is continuing longer than expected, the ratings agency has also cut Israel's credit outlook from 'stable' to 'negative.'