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30 May 2016

Israel Railways 8 cos interested in Israel Railways electric cars tender

Companies from China, India, Japan, Korea, France, Germany, the Czech Republic and Canada attended a meeting today about the tender.

Leo Leiderman  picture: Eyal Yitzhar Leo Leiderman: Israel on the brink of recession

Bank Hapoalim's chief economic advisor reveals that April and May's growth figures are as bad as for the first quarter.

30/05/2016 19:06 Economy Amiram Barkat
Tamar Noble, Delek set to begin arbitration on Eran license

The government is in dispute with the gas exploration companies because the Tamar Southwest field extends into the license.

30/05/2016 19:06 Energy Hedy Cohen
Netanyahu and Liberman Moody's sees Yisrael Beitenu in gov't as "credit positive"

"Mr. Netanyahu now has a broader set of individuals on which to rely to move his agenda forward."

30/05/2016 18:17 Economy Amiram Barkat
Benjamin and Sara Netanyahu  photo: Reuters PM refuses to handover household expenses invoices

The Movement for Freedom of Information claims that by court order it is entitled to see detailed invoices of the Netanyahus' household expenses.

30/05/2016 14:20 Legal Chen Ma'anit
Eduardo Elsztain Elsztain turns on Clal Insurance chairman

In a letter to the Clal board, Eduardo Elsztain calls Danny Naveh's appointment "a terrible mistake" and his pay "excessive".

30/05/2016 13:48 Financial services Ron Stein
Danny Danon  photo: Reuters Third of Americans say BDS justified - survey

Israel's ambassador to the UN Danny Danon: Today's young people are less committed to the special tie between the two countries.

30/05/2016 11:07 Economy Globes correspondent
Yitzhak Tshuva Delek Group reports 60% drop in Q1 profit

The group's first quarter net profit was NIS 85 million, down from NIS 210 million in the first quarter of 2015.

30/05/2016 10:06 Energy Globes correspondent
Avigdor Liberman  photo: Tamar Matsafi Compromise paves way for Liberman to be defense minister

Prime Minister Benjamin Netanyahu and Education Minister Naftali Bennett have agreed on military briefings for the security cabinet.

30/05/2016 09:44 Politics Globes correspondent

29 May 2016

Treasury mulls emergency measures to encourage growth

Steps to boost Israel's economic growth could include increasing the Chief Scientist's budget and raising the budget deficit target.

29/05/2016 19:50 Economy Amiram Barkat
Israeli medical cannabis co to build New Mexico plant

Panaxia has devised a method of extracting precise dosages of medical cannabis.

29/05/2016 18:31 Healthcare Gali Weinreb
Africa-Israel slips to loss as debt settlement looms

Lev Leviev's company lost NIS 41 million, compared with a NIS 9 million profit in the first quarter last year.

Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Mevasseret Zion, Netanya, Hod Hasharon and Beersheva.

29/05/2016 16:42 Real estate Ori Chudy
Leviathan partners sign $3b gas deal

Leviathan will supply 13 BCM over 18 years to the IPM power plant in Be'er Tuvia.

29/05/2016 16:15 Energy Hedy Cohen
Police recommend indicting Sara Netanyahu for fraud

Israel Police has completed its investigation into allegations that the Prime Minister's wife used taxpayers' money for private purposes.

29/05/2016 15:41 Legal Chen Ma'anit
Homes sales up 15% in Israel in March

11,000 new and second-hand homes were purchased in March 2016, the Ministry of Finance chief economist reports.

29/05/2016 14:37 Real estate Ori Chudy
NeuroRx wins IATI-Biomed 2016 startup competition

NeuroRx is developing a drug designed to reduce cases of suicide among depressed patients being treated with drugs.

29/05/2016 13:54 Healthcare Gali Weinreb
RideOn wins Israel startup Olympics

The augmented reality company will represent Israel in the Olympic startup finals in Rio.

29/05/2016 13:19 Start ups Globes correspondent
Gasoline prices to rise NIS 0.16 Tuesday night

The maximum price of 95 octane gasoline at self-service pumps in Israel will rise to NIS 6.01 on June 1.

29/05/2016 12:29 Energy Globes correspondent
Bennett gives Netanyahu ultimatum over Liberman

Naftali Bennett says he will not approve Avigdor Liberman's apointment as defense minister unless his demands concerning the security cabinetare met.

29/05/2016 11:58 Politics Globes correspondent
Roman Abramovich offers to buy Golan Telecom - report

Abramovich has teamed with startup entrepreneur Oded Kobo to offer to buy the Israeli mobile operator, Channel 2 reports.

IEC posts NIS 615m first quarter profit

Israel Electric Corporation had net debt of NIS 43.6 billion at the end of the quarter.

29/05/2016 10:57 Energy 1001127859
Osem Q1 sales, profit fall slightly

The first quarter results are the last for Osem as a public company. It is now wholly ownwed by Nestle.

29/05/2016 10:17 Basic industries Moshe Golan
Mega creditors give nod to Yeinot Bittan takeover

Subject to confirmation by the court, Yeinot Bittan is set to become Israel's second largest retail chain.

29/05/2016 09:51 Retailing Ilanit Hayut

26 May 2016

Shikun & Binui Colombia project financing closed

The $640 million-project involves upgrading a road system, including construction of a 154-kilometer toll road.

Elbit demands NICE lower cyber unit price by $15m

Elbit Systems alleges that the presentations it was given for due diligence were inaccurate.

Nahum Bittan: Mega creditors approved bid

The next hurdle for Bittan is the Antitrust Authority, which has concerns about a Yeinot Bittan-Mega merger.

IDB receives offer to purchase Clal Insurance

Theoffer includes a bid reflecting a NIS 2.85 billion value for Clal Insurance.

Women's salaries in Israel rising faster than men's

Among non-haredi Jews, the average rise in salary over the past decade was 38.9% for women and 29% for men, the Economy Ministry found.

26/05/2016 15:48 Economy Globes correspondent
El Al Q1 loss widens despite lower fuel prices

The Israeli carrier's loss widened despite growth in the number of passengers and higher aircraft occupancy.

26/05/2016 15:10 Tourism Globes correspondent
US State Dept: Liberman appointment raises questions

Spokesman Mark Toner: We'll work with this government like all the previous ones.

26/05/2016 14:33 Politics Ran Dagoni, Washington
United adds flights to Tel Aviv-San Francisco route

United Airlines will operate daily flights to and from San Francisco starting in October.

26/05/2016 13:47 Tourism Michal Raz-Chaimovich
Bezeq profit falls 38%

The performance of mobile operator Pelephone and satellite TV provider Yes weighed on Bezeq in the first quarter.

26/05/2016 12:22 Market Globes correspondent
Shekel appreciation gains momentum

FXCM Israel: Markets see a 38% likelihood of the US Fed raising interest rates in June.

26/05/2016 10:26 Market Globes correspondent
Disruptions at Ben Gurion Airport

Workers have caused delays by lengthening the takeoff time margins between flights.

26/05/2016 09:42 Tourism Globes correspondent
Investors to buy Bank Leumi Tel Aviv HQ for NIS 65m

The Israeli bank is offloading its Tel Aviv properties and relocating to reduce costs.

26/05/2016 09:13 Real estate Shlomit Tsur
Israeli startup can turn any road electric

The new ElectRoad wireless charging solution can be implemented in any roadway and will end dependence on expensive batteries.

26/05/2016 09:08 Start ups Uriel Herman
Azrieli revalues land for 80-floor Tel Aviv building

Azrieli has completed acquisition of Beit Yediot Ahronot, which will be demolished to make way for the high-rise next to the Azrieli Center.

26/05/2016 08:23 Real estate Aviv Levy
Israeli email protection co Votiro raises $4m

The Tel Aviv based startup provides secure email gateway solutions and disarms threats in all email attachments.

26/05/2016 08:16 Start ups Globes correspondent

25 May 2016

Israeli banks prepare to cut 2,000 jobs

The Supervisor of Banks Hedva Ber has ordered the banks to devise five-year streamlining programs.

25/05/2016 21:21 Financial services Irit Avissar
Israel-Jordan gas agreement moves closer

Noble Energy SVP Keith Elliot says an agreement for the export of gas to Jordan will be signed soon.

25/05/2016 18:28 Energy Hedy Cohen
Karnit Flug warns on hospital overcrowding

Governor of the Bank of Israel Karnit Flug has warned of a severe crisis looming in the health system.

25/05/2016 17:29 Healthcare Amiram Barkat
Paz profits rise 33%

The Israeli company's net profit from NIS 167 million in the first quarter of 2015 to NIS 222 million in the first quarter of 2016.

25/05/2016 16:31 Energy Globes correspondent
Israeli cyber security co Demisto raises $6m

The startup also announced the availability of its Demisto Enterprise security bot.

25/05/2016 16:12 Start ups Tali Tsipori
Azrieli Q1 profit more than triples

The group's net profit soared from NIS 191 million in the first quarter of 2015 to NIS 674 million in the first quarter of 2016.

Cofix expands to Russia

The cut-rate coffee house chain reports it has signed an investment agreement and is aiming at 1,000 branches in Russia.

25/05/2016 14:47 Retailing Globes correspondent
Online investment co invest.com raises $20m

The only named investor in this financing round is Moshe Hogeg's Singulariteam.

25/05/2016 14:42 Financial services Tali Tsipori
Bloomberg: Israel catching up on falling behind

"Lackluster expansion may be the new normal," Ministry of Finance chief economist Yoel Naveh told Bloomberg.

25/05/2016 14:14 Economy Globes correspondent
Israeli cos develop 3D bioprinter for stem cells

Nano Dimension and Accelta have successfully lab-tested a proof of concept 3D bioprinter.

25/05/2016 13:44 Healthcare Globes correspondent
Israeli co Glide raises $8m to focus on smartwatches

The Jerusalem based video messaging startup has also fired 25% of its workforce, "Business Insider" reports.

25/05/2016 12:38 Start ups Globes correspondent
Shekel stronger on profit taking

FXCM Israel: The Bank of Israel's decision not to cut the interest rate has led to shekel-dollar profit taking.

25/05/2016 11:13 Market Globes correspondent
Israeli co Faception claims it can spot terrorists

The Tel Aviv based startup says its facial profiling software can detect criminals, terrorists, pedophiles and other deviants.

25/05/2016 10:42 Start ups Globes correspondent
Israel Corp. bond offering oversubscribed

The company had only planned to raise NIS 750 million but nearly doubled that because of the high demand.

25/05/2016 09:51 Market Nitzan Cohen
Avigdor Liberman signs coalition deal

The dispute over a pension hike has been resolved after Yisrael Beitenu reached agreement with the Finance Ministry.

25/05/2016 09:15 Politics Globes correspondent
Israeli biometric sensing co Sensifree raises $5m

Sensifree brings a technology breakthrough to the fast growing wearable and digital health markets.

Playtech buys Swedish co Quickspin for $55m

Teddy Sagi's Playtech said that Quickspin will provide it with a proven slot machine games portfolio.

25/05/2016 06:14 Mergers & acquisitions Ron Sela

24 May 2016

VW invests $300m in Israeli taxi-hailing co Gett

The latest financing brings to $520 million, the amount raised by the Tel Aviv based ride booking on-demand company.

24/05/2016 19:26 Start ups Moshe Golan
Bankruptcies in Israel up 55% in 3 years

Requests for bankruptcy proceedings rose 137% in five years, the official Receiver reports.

24/05/2016 19:18 Economy Ela Levy-Weinrib
Comptroller: Netanyahu family travel expenses raise questions

For nine of 11 trips by Netanyahu and his family, the parties paying for their room and board are not specified.

24/05/2016 19:13 Politics Amiram Barkat
Israeli startup Zebra Medical Vision raises $12m

The company currently offers algorithms supporting analysis of imaging results for osteoporosis, fatty liver, and emphysema.

24/05/2016 19:00 Healthcare Gali Weinreb
State Comptroller blasts confused efforts against BDS

A report criticizes the division of authority among Israel's Ministries of Foreign Affairs, Strategic Affairs, and Diaspora Affairs.

24/05/2016 18:25 Politics Li-or Averbach
Leumi plans cutting 1,400 jobs over 5 years - report

The bank is planning to lay off 1,000 employees over the next year, "Bloomberg" reports.

24/05/2016 18:24 Financial services Irit Avissar
Israeli soccer fan platform 90min expands to US sports

The 12UP platform allows fans to create stories, quizzes, image presentations, videos, rating scales and multimedia content for American sports.

24/05/2016 17:12 Start ups Globes correspondent
Elbit wins $40m European communications deal

The communications systems will serve dismounted soldiers and installed in combat vehicles.

Ministerial c'tee approves i24 news broadcasts in Israel

Current law prevents broadcasts of international news programs produced in Israel on cable and satellite TV channels.

One Hour Translation opens third US office

The online translation company has R&D centers in Rehovot and Beersheva.

24/05/2016 14:30 IT Globes correspondent
New section of Road 9 opens

Road 9 now links Road 6 at the Bakr Interchange to Road 4 south of Hadera.

Arik Pinto appointed Bank Hapoalim CEO

Pinto has worked for the bank for 35 years and is a former head of the workers committee.

24/05/2016 11:42 Financial services Irit Avissar
Frutarom sales, profits surge

Frutarom's adjusted net profit for the first quarter of 2016 grew by 22.1% to $26.4 million.

Shekel strengthens after interest rate decision

FXCM Israel: Only further significant deterioration in the Israeli economy will lead the Bank of Israel to introduce dramatic measures.

24/05/2016 09:53 Market Globes correspondent
Israels largest solar energy array inaugurated

The 200,000-panel Zmorot facility – owned by French utility EDF – will produce 50 MWp.

24/05/2016 06:47 Energy Hedy Cohen

23 May 2016

Aurum Ventures backs Hebrew U diagnostic platform

Via Yissum Research Development Company, Aurum is investing $1.2 million in a new approach to early detection of disease.

23/05/2016 19:36 Healthcare Globes correspondent
Israeli gov't grants stem cell co Gamida Cell $4.4m

Gamida Cell is developing cellular and immune therapies for the treatment of cancer and orphan genetic diseases.

23/05/2016 19:15 Healthcare Globes correspondent
Knesset c'tee approves investment provident funds

The investment limit will be NIS 70,000 annually per person.

23/05/2016 19:14 Financial services Ron Stein
Mobile Internet co Saguna Networks raises $5m

Saguna Networks MEC systems make mobile broadband faster, simpler and more agile.

Iny buys control of GM importer UMI from Kardan

Kardan Israel will receive NIS 397 million for its 46.1% stake in the vehicle importer.

Israeli cancer detection co Nucleix raises $3m

The company's first test for the detection of bladder cancer could be available in Europe within a couple of months.

23/05/2016 16:56 Healthcare Gali Weinreb
OrbiMed launches $307m second Israel fund

OrbiMed Israel Partners II will target all stages and sectors of the healthcare industry.

23/05/2016 16:39 Healthcare Globes correspondent
Bank of Israel leaves June interest rate unchanged

The interest rate has been unchanged at its historic low of 0.1% since March 2015.

23/05/2016 16:31 Economy Nitzan Cohen
Talks on Yisrael Beitenu joining gov't snag on pensions

Avigdor Liberman wants increases for immigrants from the former Soviet Union; the Finance Ministry refuses to discriminate.

23/05/2016 16:27 Politics Amiram Barkat
Siris Capital acquires Comverse for $643m

Comverse, which changed its name to XURA last year, today only has 300 employees in Israel.

Jerusalem long-term rental tender published

The government tender is for construction of 279 homes for rent in north Talpiot.

23/05/2016 15:11 Real estate Ori Chudy
Baxter Ventures invests in Medasense Biometrics

The Israeli startup has developed technology that can objectively assess and monitor changes in a patients pain level.

23/05/2016 14:28 Healthcare Globes correspondent
Unemployment in Israel falls below 5%

Unemployment fell 0.4% in April 2016, compared with March, the Central Bureau of Statistics reports.

23/05/2016 14:01 Employment Globes correspondent
Mayo Clinic to collaborate with Israeli startups

The Mayo Clinic Israeli Startups initiative aims to accelerate the availability of medical innovations to the US public.

23/05/2016 13:21 Healthcare Globes correspondent
Strauss posts improved profit on lower sales

Food company Strauss's first quarter sales fell 2.6%, but grew 4.7% excluding currency effects.

Moody's: Israel's politics hampering growth

Moody's says Israel's divisive politics are preventing economic reforms, and that weak growth is a credit negative.

23/05/2016 11:22 Economy Globes correspondent
Partner profit down sharply

As Partner Communications rebranded, its subscriber base declined 3% to 2.69 million.

23/05/2016 10:56 Market Hillel Koren
Cellcom revenue falls but profit up

CEO Nir Sztern: The daily pace of customers joining Cellcom tv has doubled.

23/05/2016 10:16 Market Globes correspondent
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