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04 September 2015

shekels Shekel ends the week stronger

Despite continued volatility on global stock markets, the shekel was virtually unchanged over the past week.

04/09/2015 15:30 Market Hillel Koren
Netanyahu and Liberman Israeli PM to push gas agreement through Knesset

Benjamin Netanyahu fears that Avigdor Liberman's Yisrael Beytenu may withdraw support for the agreement.

04/09/2015 11:45 Energy Globes correspondent

03 September 2015

Bank of Israel slams tax cuts

The Bank of Israel says surplus tax receipts should be used to reduce public debt, not to stimulate private consumption.

03/09/2015 20:00 Economy Globes correspondent
VAT, Companies Tax to fall

Minister of Finance Moshe Kahlon: We will return surplus tax receipts to Israel's citizens.

Noble Energy warns Israel on gas roadmap

The US partner in Leviathan and Tamar says it will act to protect its assets – a dramatic threat ahead of the Knesset’s vital vote.

03/09/2015 17:59 Politics Hedy Cohen
Kahlon, Netanyahu to announce tax cuts

At a press conference later today, the two will announce a 1% cut in Israel's VAT rate and a 1.5% cut in companies tax.

JNF to transfer NIS 1.2b to Israel state coffers

The covenant between the Jewish National Fund and the state has been extended for two years.

03/09/2015 16:31 Real estate Amiram Barkat
Knesset to vote on gas agreement Monday

Benjamin Netanyahu may also ask the Knesset to transfer to the cabinet Aryeh Deri's authority to bypass the regulator.

03/09/2015 15:59 Politics Lilach Weissman
Andromeda trial failure spells likely end of company

Clal Biotechnology's share price fell 20% following publication of the juvenile diabetes treatment results.

Israeli sues eBay for NIS 100,000 for defamation

Adv. Paz Itzhaki-Weinberger wasn't allowed to sell unopened Chanel perfume, charging eBay receives payments from Chanel.

03/09/2015 15:19 Legal Sapir Kalfon
Axel Springer's yad2 buys Israeli jobs website Drushim

yad2 will pay tens of millions of shekels for a 70% stake in the classified job ads website.

Jerusalem Mayor attacks rich city mayors

Nir Barkat has condemned opposition to the Ministry of Finance's plan to institute a differential budget for local authorities.

03/09/2015 14:20 Real estate Udi Shayshon
Shekel stays firm

FXCM Israel: Consolidating above NIS 3.90/$ could pave the way to NIS 3.95/$.

03/09/2015 12:54 Market Globes correspondent
Sodastream CEO: BDS movement is anti-Semitic

Daniel Birnbaum told the US media that BDS had hurt the Palestinians not the carbonated drinks company.

03/09/2015 12:27 Market Globes correspondent
Knesset cancels Israeli broadcasting license fee

The fee is canceled retroactively from January 2015. The new Israel Broadcasting Corp. begins operations in March 2016.

Israel's budget passes first Knesset reading

Shas MKs supported the 2015-2016 budget but are demanding 0% VAT on basic goods to vote in favor on the second reading.

02 September 2015

Habima, Daka 90 offer last-minute cheap theater tickets

Israel's national theater joins the discount travel agency in a new venture offering NIS 20 tickets for theater shows.

02/09/2015 19:20 Tourism Michal Raz Chaimovitz
Teva's Allergan deal may become more expensive

The price of the debt Teva plans to issue to finance the deal could rise because of the recent sharp fall in the market.

02/09/2015 18:39 Healthcare Shiri Habib-Valdhorn
Bright Food angered by Tnuva sellers' over-optimism

Chinese company Bright Food is likely to demand cost cutting from Tnuva.

TabTale in talks to buy Swedish game co

The Tel Aviv-based app developer hopes Toca Boca's purchase for $60-120 million will drive it to the top of the digital charts.

Navidea Biopharmaceuticals dual-lists on TASE

The NYSE traded company, which has a market cap of nearly $300 million, begins trading next week.

02/09/2015 17:43 Healthcare Gali Weinreb
Egypt: Talks with Israel to continue despite gas find

Egyptian petroleum minister Sharif Ismail told "Reuters" that the massive Zohr field won't kill deals with Israel.

02/09/2015 17:04 Politics Globes correspondent
Gov't freezes Israel Railways Bombardier engines deal

The Ministry of the Economy says that Bombardier is not fulfilling its reciprocal procurement obligations.

Israeli big data co Crosswise raises $3m

Crosswise's technology anonymously identifies which devices-such as smartphones, tablets, PCs and digital TVs-are being used by individual consumers.

02/09/2015 16:54 Start ups Globes correspondent
Mapi Pharma files for third Nasdaq IPO attempt

Mapi, which is developing a delayed release version of Teva's Copaxone, wants to raise $57.5 million.

02/09/2015 16:24 Healthcare Shiri Habib-Valdhorn
Israel collected record NIS 10b in vehicle taxes in 2014

A record number of 279,000 vehicles were sold in 2014, leading to a 25% in tax revenue.

Israel car deliveries up 16.4% in August

For the first time ever, KIA Motors leads the auto deliveries table.

02/09/2015 15:32 Economy Dubi Ben-Gedalyahu
TowerJazz can improve smartphone battery life

The company announced breakthrough RF technology for 4G LTE smartphones and IoT devices.

02/09/2015 15:29 IT Globes correspondent
New mall to open in Kfar Saba next week

Bonei Hatichon's B Center includes 8,000-sq.m. of commercial space on three floors.

HeartWare buys Israeli co Valtech Cardio for $860m

The acquisition of the Or Yehuda valve repair device company includes shares and milestone payments.

02/09/2015 14:10 Healthcare Idan Rabi
Shekel treads water

FXCM Israel: The market is reevaluating the global situation and investors are reducing their exposure to riskier assets.

02/09/2015 12:24 Market Globes correspondent
Knesset to discuss gas plan at PM's insistence

The Knesset will not vote yet on the issue. Benjamin Netanyahu will press Aryeh Deri to agree to bypass Israel's antitrust chief.

02/09/2015 10:50 Politics Hedy Cohen
Moshe Kahlon plans lowering VAT to 17% - report

Israel's Finance Minister plans cutting VAT by 1%, reports "Yediot Ahronot."

02/09/2015 09:49 Economy Globes correspondent
New site helps Israelis file small claims suits offers a streamlined solution for seeking compensation for damages below NIS 32,800.

02/09/2015 07:29 Legal Michal Raz Chaimovitz

01 September 2015

China's Fosun to buy Israeli co Ahava for NIS 300m

Fosun has signed an agreement to buy the Dead Sea cosmetics company from its shareholders.

Novocure files for $300m Nasdaq IPO

The company's device for treating brain tumors using an electric field is FDA-approved.

Israeli online gambling co 888 raises Bwin.Party bid

888 and Bwin agreed a $1.4 billion deal in July, but rival GVC countered with a $1.55 billion bid.

01/09/2015 17:39 Market Globes corespondent
Idan Ofer's IC Power files for $100m NYSE IPO

IC Power's OPC private power plant in the Negev has made a $95 million net profit since it began operating in 2013.

01/09/2015 17:21 Energy Omri Cohen
Teva launches migraine treatment patch in US

ZECUITY is a disposable patch system, worn for four-hours on the upper arm or thigh, that delivers sumatriptan through the skin.

01/09/2015 16:06 Healthcare Globes correspondent
Perrigo buys scar management co ScarAway

Perrigo's latest acquisition comes as it completes the $200 million buy of GSK's OTC portfolio.

01/09/2015 15:36 Healthcare Shiri Habib-Valdhorn
School year opens for 1.7 million Israeli children

The 2015-2016 school year began today at 4,805 educational institutions in Israel.

01/09/2015 15:04 Economy Globes correspondent
Hedva Ber: We'll separate banks and credit card cos

Israel's new Supervisor of Banks wants the banks to be allowed to sell insurance.

SES in talks to buy Israel's RR Media for $250m

The European global satellite provider is in talks to buy the Lod-based digital media services company.

Tel Aviv to host international gaming conference

The Casual Connect conference is being organized by the Casual Games Association with local company Playtika.

01/09/2015 11:20 IT Roy Goldenberg
Shekel stregthens against dollar

FXCM Israel: The shekel-dollar pair is trying to break through the resistance atNIS 3.94-3.95/$.

01/09/2015 09:59 Market Globes correspondent

31 August 2015

Bringing Silicon Valley to Tel Aviv's beach

Dganit Rockach's new coworking space allows hardworking startup employees to take a coding break and physically surf.

31/08/2015 19:04 Start ups Roy Goldenberg
Barclays: Israeli gas stocks sell-off overdone

"We view the industry as fundamentally attractive."

31/08/2015 18:19 Energy Globes correspondent
Israel's best digital marketers lack training

A new salary survey by Fialkov Digital shows untrained social media operatives earn NIS 2,000 more than their educated colleagues.

Israeli tech students to develop solutions for seniors

A new competition aims to recruit young entrepreneurs to the difficult challenge of improving elderly citizens' lives.

31/08/2015 17:13 Start ups Idan Rabi
Diabetes app co Labstyle Innovations raises $2.5m

The funds will be used for the global rollout of Dario, a mobile, cloud-based, diabetes management solution.

31/08/2015 17:10 Healthcare Globes correspondent
Gas agreement Knesset vote postponed indefinitely

Senior gas sector executive: The natural gas agreement is not just stuck, it won't be implemented.

31/08/2015 16:39 Energy Hedy Cohen
Israeli energy stocks plunge after Egyptian gas find

Analysts fear that share prices of the Tamar and Leviathan partners could fall further.

31/08/2015 15:23 Energy Adi Ben-Israel
NTA brings forward work on Arlozorov station

Roads in the area will be closed Thursday night while temporary traffic arrangments are completed.

Eni CEO: Egyptian gas discovery for domestic use

Claudio Descalzi told La Repubblica his company was not necessarily looking to sell a stake in the Zohr field.

31/08/2015 11:31 Energy Globes correspondent
Shekel opens mixed

Smart Capital CEO Izik Noy: The Bank of Israel will continue to buy dollars.

31/08/2015 10:21 Market Kobi Yeshayahou
Merger with Yes boosts Bezeq revenue

Bezeq's second quarter revenue rose 15%, but profit showed a fall because of one-time gains in the corresponding quarter.

31/08/2015 09:50 Market Globes correspondent

30 August 2015

Barkat: Richer cities must pay more for education

The Jerusalem Mayor leads a plan to redistribute education budget allocations according to a city's socioeconomic ranking.

30/08/2015 21:30 Economy Yuval Azulai
SanDisk to hire dozens in Israel

The flash memory developer is offering a NIS 20,000 bonus for employees who recommend a candidate who is hired.

30/08/2015 18:29 Employment Roy Goldenberg
Eni finds huge Egyptian offshore gas field

The Italian energy giant estimates that the Zohr gas field contains 30 TCF, far larger than Leviathan, which contains up to 22 TCF.

30/08/2015 17:58 Energy Globes correspondent
Insurer warns on Chinese debt to Israeli exporters

The Israeli Credit Insurance Company says a downturn in the Chinese economy could make it difficult to collect the $700 million debt.

30/08/2015 16:39 Economy Yuval Azulai
Gazit-Globe invests NIS 125m to launch Yavne mall

Rental revenue from the Israeli mall is projected to reach NIS 16.5 million annually.

Gasoline prices to fall NIS 0.29 Monday night

The maximum price of 95 octane gasoline at self service pumps will fall to NIS 6.09 on September 1.

30/08/2015 14:46 Economy Hedy Cohen
Golan Telecom offers 2nd line for NIS 10 monthly

The second line for NIS 10 a month is valid for both new and current customers having either the NIS 59 or the NIS 99 package.

Work begins on Ramat Gan subway station

The Abba Hillel station will be constructed by the cut and cover method.

Osem net profit down 10%

Osem sales were down 1.2% to NIS 1.014 billion in the second quarter of 2015.

30/08/2015 13:30 Market Globes' correspondent
Viola PE to invest up to $28m in Itamar Medical

The deal will make Viola Private Equity the largest shareholder in the cardiovascular and sleep apnea diagnostics company.

30/08/2015 13:04 Healthcare Globes correspondent
Elbit Systems cyber security unit wins two contracts

CYBERBIT has been awarded contracts by a European police force and an African enforcement agency.

Court curtails Ben Gurion Airport strike

Baggage handlers at Israel's main airport will only be allowed to strike for half an hour, reducing disruption to flight schedules.

28 August 2015

Mylan shareholders approve Perrigo takeover bid

65% of Mylan's shareholders approved the $30 billion takeover bid for Perrigo.

28/08/2015 17:37 Healthcare Globes correspondent
Shekel firm at end of volatile week

Although stronger on Friday morning, the Israeli currency lost 1.2% against the dollar this week.

28/08/2015 17:14 Market Yossi Nissan
Ben Gurion airport workers to strike Sunday morning

Israel Airports Authority staff will hold a 2 hour solidarity strike for Broadcasting Authority employees threatened by layoffs.

28/08/2015 16:43 Tourism Globes correspondent
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