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05 May 2016

Karnit Flug BoI remains concerned about home price rise

In its discussion on the interest rate for May, the Monetary Committee estimated rising mortgage interest rates would make investment in housing less attractive.

05/05/2016 22:23 Economy Hillel Koren
Idan Ofer Israel Corp promises no new investments

Israel Corporation will soon begin a roadshow for a NIS 750 million bond issue.

05/05/2016 21:44 Financial services Nitzan Cohen
Mega Four bids for Mega expected as deadline approaches

The trustees hope to get NIS 250-300 million for the supermarket chain, not including inventory.

Barak Eilam Nice Systems beats estimates, raises guidance

First quarter non-GAAP earnings per share were $0.81, $0.07 ahead of the analysts' consensus.

05/05/2016 18:01 IT Shiri Habib-Valdhorn
Karnit Flug Karnit Flug unruffled by two-year budget

The Governor of the Bank of Israel says she is more concerned about the budget's content than whether it is for one or two years.

05/05/2016 15:46 Economy Amiram Barkat
New apartments New apartment sales in Israel up in March

March sales of housing units were 16.4% more than in February 2016 and 9.5% more than in March 2015.

05/05/2016 15:25 Real estate Ori Chudy
Shraga Brosh Manufacturers chief: Israel faces wave of layoffs

Shraga Brosh warns that the cutbacks at Intel will be just the tip of the layoff iceberg in Israel.

05/05/2016 15:23 Economy Moshe Golan
Bank of Israel photo: Ariel Yerusalimsky Israel's foreign currency reserves rise sharply

The Bank of Israel purchased $1.2 billion in foreign currency in April in efforts to curb the shekel's appreciation.

05/05/2016 14:57 Economy Globes correspondent
Daniel Ramot, Oren Shoval  photo: David Malka Israeli on-demand transit co Via raises $100m

Investors in the ridesharing company include Pitango Growth, Poalim Capital Markets, C4 Ventures and Roman Abramovich.

Shekels Photo: Shutterstock Shekel slide continues as Bank of Israel intervenes

FXCM Israel: Market sources believe the Bank of Israel has intervened in trading to stop the shekel's appreciation.

05/05/2016 10:11 Market Globes correspondent
Eli Gelman Amdocs boosted by Q2 results

Higher revenue and profit and beating analyst's consensus have pushed the company's share price higher.

05/05/2016 09:45 IT Globes correspondent
Wix CFO Lior Shemesh Wix prefers growth over profits

Revenue for the Israeli startup grew by 38% from the corresponding quarter, though adjusted EBITDA stood at $2.7 million.

05/05/2016 07:57 IT Shiri Habib-Valdhorn
processed meat Processed meat sales in Israel continue to plunge

Storenext figures show industry wide drop of 27.1% since January; Soglowek sales fell 32% while Tirat Zvi sales dropped 23.2%.

05/05/2016 07:53 Economy Ilanit Hayut

04 May 2016

Israel's defense industry could lose US aid

US President Barack Obama is demanding that Israel use US aid solely for purchasing weapons and systems from US arms companies.

Melisron buys Lahav's Beersheva Grand Canyon stake

Eli Lahav, who is receiving NIS 500 million for his share, originally bought the land for NIS 70 million.

04/05/2016 16:37 Real estate Aviv Levy
Alon Group mulls NIS 200m TASE offering

Alon Israel Oil Co. plans to issue shares this year, probably in September, according to the group's results for the first quarter of 2016.

Elbit successfully tests helicopter night flight system

The BrightNite system enables utility helicopters to successfully perform poor visibility missions in over 90% of nights.

Israeli diamond dealer placed under house arrest

Hanan Abramovich, suspected of fraud, has been released on NIS 1.5 million bail.

04/05/2016 14:03 Legal Gur Megiddo
Channel 10 to lay off 45

The Channel 10 workers' committee has declared a work dispute.

04/05/2016 13:51 Employment Li-or Averbach
Israeli tech talent gauge co Woo.io raises $2m

The latest funds raised means Woo.io has raised $4.35 million this year.

04/05/2016 11:07 Start ups Tali Tsipori
Shekel dips sharply against dollar

The US currency is up against the shekel after hitting an 18-month low earlier in the week.

04/05/2016 10:23 Market Globes correspondent
Gesture recognition co eyeSight raises $20m

The investment in the Herzliya based company is the first by Chinese corporation Kuang-Chi's new Israel fund.

04/05/2016 09:37 Start ups Tali Tsipori

03 May 2016

Histadrut calls work dispute at Teva's Kfar Saba plant

Workers: Teva is taking work away from employees and giving it to contract labor.

03/05/2016 15:01 Healthcare Shiri Habib-Valdhorn
Number of Israeli home buying deals slows

The Ministry of Finance chief economist reports that the number of deals dropped 11% in January, and was unchanged in February.

Azrieli Group acquires e-commerce co for NIS 62m

Azrieli Group is buying Buy2 Networks unit Netex New Media as part of its strategy aimed at building a new digital growth engine in Israel.

03/05/2016 14:08 Real estate Yossi Nissan
Israeli payment technology co Zooz raises $24m

Zooz CEO: Retailers now understand the need for smart payment platforms that can help them expand into new markets.

03/05/2016 14:01 Start ups Tali Tsipori
Yediot Ahronot set for next round of layoffs

The media group offered employees incentives for early retirement but failed to reach the target of 40 agreed upon with its union.

Shekel gains to strongest dollar rate for 18 months

FXCM Israel: Market conditions support a continued weakening of the dollar.

03/05/2016 11:50 Market Globes correspondent
Max Brenner launches first Chinese branch

Chairman Michael Avner said the performance of its stores in East Asia makes it the primary region for future growth.

03/05/2016 11:48 Retailing Michal Raz-Chaimovitz
Frutarom acquires Germany's Extrakt Chemie

The Israeli flavors and food ingredients company will pay $8.2 million for its 30th acquisition in five years.

Lev Leviev heading for second debt settlement

An ultimatum has expired for repayment of a loan to a Russian bank for Africa-Israel's Russian unit.

03/05/2016 11:22 Real estate Nitzan Cohen

02 May 2016

State mulls issuing new Jerusalem light rail tender

There is a 45 million gap between Alstom and CityPass's bid for the Red Line extension and what the Israeli government is prepared to pay.

US mulls $1b Rafael defense missile procurement

Iron Dome's Tamir interception missile is part of Raytheon's bid for a US army defense system tender.

Siemens to pay Israel NIS 160m penalty for bribery

Six Israel Electric Corp. executives are being charged for accepting bribes from Siemens to rig a tender for turbines.

02/05/2016 17:46 Legal Ela Levy-Weinrib
Ceva jumps on record revenue, doubled earnings

The Israeli signal processing IP company provided second quarter guidance above analysts' estimates.

02/05/2016 17:30 IT Shiri Habib-Valdhorn
Gali Baharav-Miara joins Tadmor Levy law firm

The former Tel Aviv district attorney for civil affairs has joined the private sector.

02/05/2016 15:04 Legal Chen Ma'anit
Intel Israel hands out layoff notifications

Several hundred employees will receive compensation of between 8 and 12 salaries.

02/05/2016 14:04 Employment Yuval Azulai
Israelis' number two carrier Turkish Airlines expands fleet

Turkish Airlines was second only to El Al for the number of Israeli passengers carried in 2015.

02/05/2016 12:57 Tourism Michal Raz-Chaimovich
Excellence Nessuah sees bad Q1 from Israel Chemicals

Analyst Gilad Alper: The potash market recovery looks much slower than expected.

Shekel strengthens sharply against dollar

Prico Group CEO Yossi Fraiman: The US dollar's weakness demands extra caution.

02/05/2016 11:30 Market Globes correspondent
Retailers report weak Passover sales

Competition was less fierce than in previous years, and stocks of products at bargain prices quickly ran out.

02/05/2016 10:45 Retailing Ilanit Hayut
Subscribers desert Golan Telecom

14,400 subscribers, net, left Golan last month, with the veteran companies and newcomer Telzar 019 the main gainers.

02/05/2016 10:03 Market Gad Perez

01 May 2016

Cancer treatment co Biocancell raises $6m

The company's bladder cancer product is slated for Phase III trials.

01/05/2016 18:48 Healthcare Gali Weinreb
Intel Israel layoffs to begin this week

Several hundred Intel Israel employees will find out in the coming days whether they will be let go or recommended for voluntary retirement.

01/05/2016 18:16 Employment Yuval Azulai
Israeli diamond dealer's remand extended

Hanan Abramovich is suspected of making off with $38 million in diamonds belonging to Israeli diamond dealer Amos Fozailoff.

01/05/2016 16:50 Legal Gur Megiddo
Mortgage taking in Israel remained high in March

Mortgages taken in March totaled NIS 5.27 billion, about the same as the monthly average in 2015.

Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Kfar Saba, Rehovot, Ness Ziona and Ashdod.

01/05/2016 15:20 Real estate Ori Chudy
Israel's low pay policy causes low productivity - report

The Adva Center'sreport "Workers, Employers and the Distribution of Israels National Income" says cheap labor means no incentive to invest in training.

01/05/2016 12:13 Economy Globes correspondent
Chinese co Kuang-Chi launches $300m Israel fund

The Kuang-Chi GCI Fund & Incubator will be based in Tel Aviv and will invest in early to mid-stage Israeli and global companies.

01/05/2016 12:07 Start ups Tali Tsipori
Check Point awards CEO Gil Shwed $35.7m in options

As in previous years, Shwed received only a mimimum salary and no bonus.

01/05/2016 10:59 IT Shiri Habib-Valdhorn
Renewed drilling finds oil near Dead Sea

The Hatrurim license is estimated to hold seven million barrels of oil.

01/05/2016 09:57 Energy Hillel Koren

27 April 2016

Urbancorp may have misled Israeli investors

Allegations suggest the company's Canadian lenders provided loans to help inflate the balance sheet ahead of the bond offering.

27/04/2016 16:48 Legal Nitzan Cohen
Citi Ventures invests in Israeli fintech co BlueVine

Citi will support BlueVines scaling of its cloud-based working capital financing platform for small businesses and expansion into new markets.

Unlimited to open investors' information room in May

Israel's fiber-optic venture needs a strategic investor to speed up deployment.

Ophir Guttman named P&G Israel head

Guttman is the first Israeli to be general manager of Procter & Gamble Israel.

Francisco Partners signs $400m deal to buy SintecMedia

The US private equity firm previously acquired Israeli companies ClickSoftware and NSO.

Gasoline prices to rise NIS 0.01 Saturday night

The maximum price of 95 octane gasoline at self-service pumps in Israel will rise to NIS 5.85 on May 1.

27/04/2016 12:04 Energy Globes correspondent
Bar Refaeli's Hoodies bikini seems to copy $11 design

The Israeli supermodel's branded bikini looks identical to a cheap bikini on eBay.

China's HNA Group seeks Israeli investments

A delegation from HNA has been in Israel this week mulling investments in hotels and high-tech.

27/04/2016 10:41 Economy Globes correspondent
Waze users vulnerable to digital stalkers

University of California researchers proved it is relatively easy to track Waze users in real time and manipulate their movements.

27/04/2016 09:48 IT Globes correspondent

26 April 2016

Strike halts Israel Germany Lufthansa flights

Four Lufthansa flights have already been canceled. El Al is so far unaffected.

26/04/2016 19:00 Tourism Michal Raz-Chaimovich
EU looks to Eastern Mediterranean for gas

The European Union has given Cyprus 2 million for feasibility tests concerning a gas pipeline to mainland Europe.

26/04/2016 18:45 Politics Hedy Cohen
Car park fees undermine Deri's free beach policy

Zikim and Nitzanim near Ashkelon are among beaches charging NIS 30 for parking.

26/04/2016 13:25 Economy Globes correspondent
Gasoline prices expected to rise NIS 0.15 Saturday night

Israel's fuel companies see gasoline prices rising for the second successive month in May.

26/04/2016 13:01 Energy Hedy Cohen
Noy Fund, TSK take Negev solar power plant stake

Shikun & Binui will continue to hold 50% of the Ashalim concession as bankrupt Spanish company Abengoa drops out.

26/04/2016 12:31 Energy Kobi Yeshayahou
Shekel strengthens as BoI sits on sidelines

Citi: The Bank of Israel is too relaxed on the negative consequences of deflation and must intervene.

26/04/2016 11:45 Market Kobi Yeshayahou
ADO seeks further expansion in Berlin

Subsidiary ADO Propertiesrecently raised 100 millionthrough a private placement in Frankfurt.

26/04/2016 11:28 Real estate Kobi Yeshayahou
Elbit Systems wins $20m tactical mobile radio deal

The contract, with a Western European country, is for Elbit's E-LynX Software Defined Radios.

Tel Aviv court appoints special manager to Urbancorp

Judge Eitan Orenstein said Canadian real estate company Urbancorp was "in the twilight zone".

26/04/2016 10:07 Real estate Nitzan Cohen
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