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29 March 2015

Sleep apnea co Ninox raises $5m

$5 million is being raised now and a further $5 million according to milestones.

29/03/2015 19:26 Healthcare Globes correspondent
MyCheck raises $5m from Santander Innoventures

The Israeli mobile phone app developer is reinventing the payment experience by focusing on point-of-sale integration.

29/03/2015 18:43 Start ups Globes correspondent
Edward Cukierman Catalyst-CEL in talks to buy Haifa Chemicals stake

The Chinese-Israeli private equity fund is in talks to buy 49% of the fertilizers company at a company value of $1 billion.

Israel Chemicals workers protest ICL management: Stop strike or cuts may be expanded

Israel Chemicals says the strike could result in the company losing anchor customers.

29/03/2015 16:30 Employment Yuval Azulai
gasoline pumps Gasoline prices to rise Tuesday night

The maximum price of a liter of 95-octane gasoline at self-service pumps will rise by NIS 0.06 on April 1 to NIS 6.52 (including VAT).

29/03/2015 15:28 Energy Hedy Cohen
Erez Vigodman Teva close to major acquisition - report

"Bloomberg" reports that Wall Street analysts expect Teva to buy a major pharmaceutical company by September.

29/03/2015 15:25 Healthcare Globes correspondent
Interactive ad co Innovid raises $10m

Cisco Investments has joined existing investors Genesis Partner, Sequoia Capital and T-Venture.

29/03/2015 14:38 Start ups Globes correspondent
Karnit Flug Bank of Israel sees negative inflation again in 2015

Inflation will only meet the government target in 2016, when the Bank of Israel predicts it will reach 1.7%.

29/03/2015 14:36 Economy Amiram Barkat
Nir Sztern and Michael Golan Ministry nixes Cellcom-Golan network merger

The Ministry of Communications does not want to release Golan Telecom from its investment obligations.

29/03/2015 14:04 Market Gad Perez
Benjamin Netanyahu Coalition negotiation demands amount to billions

The haredi parties are demanding restoration of cuts in child allowances and funding for religious institutions.

29/03/2015 11:49 Politics Lilach Weissman
Netanyahu, Abbas  picture: Reuters Israel releases Palestinian Authority tax revenue

Israel withheld the money in retaliation for the Palestinians' application to join the International Criminal Court.

29/03/2015 10:15 Politics Globes correspondent
Dan Propper Osem's 2014 profit up 5.3%

Food company Osem said the rise was thanks to a higher operating profit and muchlower finance expenses.

27 March 2015

Twitter rival Meerkat raises $14m

The Israeli live-streaming smartphone video app competes with Twitter's newly launched Periscope app.

27/03/2015 16:31 Start ups Globes correspondent
Shekel weaker against dollar at end of stormy week

Despite today's depreciation, the shekel has strengthened by 2% against the dollar on the week.

27/03/2015 13:50 Market Yossi Nissan
Outbrain teams with ESPN

ESPN will bring Outbrain's content recommendations to its digital audience of 116 million unique visitors per month.

27/03/2015 13:19 Start ups Globes correspondent
Israel Chemicals to buy Canada's Allana Potash

The company will pay $109 million for all outstanding shares in Allana, which holds rights to an Ethiopian potash mine.

26 March 2015

SolarEdge raises $126m in Nasdaq IPO

The solar power company's share price rose sharply on its first day of trading.

26/03/2015 17:59 Energy Globes correspondent
Elsztain and Ben-Moshe set to start IDB arbitration

Moti Ben-Moshe's NIS 700 million investment in IDB is now valued at only NIS 130 million.

26/03/2015 17:45 Market Omri Cohen
Israel Railways reports huge increase in profit

The company carried 48.5 million passengers in 2014, up 7.5% from 45.1 million in 2013.

Unemployment falls to 5.3%

Unemployment fell from 5.6% in January to 5.3% in February, the Central Bureau of Statistics reports.

26/03/2015 15:35 Economy Globes correspondent
Strengthening demand boosts high-tech salaries

CPS JOBS CEO: “Every day more start-ups come to us asking to recruit programmers.”

26/03/2015 14:15 Employment Tzahi Hoffman
Israel daylight savings time begins 2 am Friday

Summer time will continue from March 27 through October 26.

26/03/2015 13:15 Economy Globes correspondent
Yad2 sale boosts Bezeq profit

The telecom operator saw revenue fall in 2014 and Pelephone's profit fell 28.4%.

26/03/2015 13:03 Market Kobi Yeshayahou
Big data co Intelescope Solutions raises $8.3m

The Israeli company is using drone and satellite imagery to transform the massive forestry industry.

26/03/2015 12:19 Start ups Globes correspondent
Shekel loses more ground amid BoI uncertainty

FXCM Israel: The market is confused due to the uncertainty of the Bank of Israel's intentions.

26/03/2015 11:13 Market Hillel Koren
Noble Energy hands back Ruth C license

Noble has returned the license to the State due to the regulatory uncertainty prevailing in Israel.

26/03/2015 10:49 Energy
Roman Abramovich in Israel for business talks - report

"Mako" reports that the Chelsea FC owner held business talks at the Norman Hotel in Tel Aviv this week.

26/03/2015 09:36 Economy Globes correspondent
Regulator again nixes Tamar private power plant deals

The Public Utilities Authority claims the gas price for the deals is too high and won't recognize the full cost.

26/03/2015 08:34 Energy Hedy Cohen
Finance Minister-elect Kahlon boycotts coalition talks

Moshe Kahlon: The Likud is handing out jobs at the expense of the tools needed to lower home prices and the cost of living.

26/03/2015 08:33 Politics Lilach Weissman

25 March 2015

Facebook and Magisto team on messenger platform

Magisto is launching its Shot app to transform photos into video stories.

25/03/2015 21:20 Start ups Roy Goldenberg
Yigal Tabori sells Jafora-Tabori stake for NIS 120m

Kerur Holdings has bought the soft drinks company's shares at a company value of NIS 800 million.

25/03/2015 19:16 Market Omri Cohen
Osem is entering coffee capsule market

The Nestle brand Dolce Gusto machines will compete with Espresso Club, Lavazza, and others.

25/03/2015 18:02 Market Michal Raz-Chaimovich
Fresenius in talks to buy Nephromor from Teva, Clalit

Fresenius Medical Care, the world's largest dialysis services company, will pay NIS 350 million for the Israeli dialysis company.

25/03/2015 17:57 Healthcare Shiri Habib-Valdhorn
Kim Kardashian coming to Jerusalem - report

Kardashian and husband Kanye West will stay in the Waldorf Astoria next month, "Yedioth Ahronoth" reports.

25/03/2015 17:24 Tourism Globes correspondent
Moshe Gafni to head Knesset Finance Committee

Netanyahu has also agreed in principle that United Torah Judaism will hold the health ministry portfolio.

25/03/2015 16:53 Politics Globes correspondent
Private producers reduce Israel Electric Corp. revenue

However, an accounting exercise enabled IEC to report a profit in 2014.

25/03/2015 16:14 Energy Hedy Cohen
Microsoft inaugurates new Haifa R&D center

The new building houses 150 engineers and Microsoft is recruiting dozens more employees in Israel.

25/03/2015 15:03 IT Roy Goldenberg
Third lane opens on Coastal Highway

There are now three lanes in each direction between the Netanya and Havazelet interchanges.

El Al swings to loss in 2014

Operation Protective Edge and increased competition hit the Israeli carrier.

25/03/2015 14:12 Tourism Globes correspondent
Bank of Israel buys $250m foreign currency

The foreign currency purchases have weakened the shekel against the dollar and euro.

25/03/2015 14:09 Market Yossi Nissan
Netanyahu agrees to appoint Kahlon finance minister

Coalition talks are underway as President Rivlin is set to ask Benjamin Netanyahu to form Israel's next government.

25/03/2015 07:37 Politics Globes correspondent

24 March 2015

Israel Securities Authority may probe HSBC over report

The shekel is losing more ground in inter-bank trading as the market volatility caused by HSBC continues.

24/03/2015 19:51 Market Amiram Barkat
Israel Chemicals to recycle $1.7b debt

The company is taking advantage of low global interest rates to refinance most of its huge bank debt.

24/03/2015 19:15 Chemicals & plastics Omri Cohen
Content marketing co Keywee raises $9.1m

Keywee has launched its content marketing platform using advanced text mining and a data layer to find the best audiences for content.

24/03/2015 18:30 Start ups Globes correspondent
Mivtach Shamir records NIS 570m profit on Tnuva sale

Bright Food has obtained regulatory approval in China for its Tnuva acquisition.

Lockheed, Education Ministry cooperate on cyber studies

The program is aimed at increasing the number of Israeli teachers in computer science and cyber security.

Roman Abramovich leads investment in Israel's iAngels

iAngels has developed a model for investment of small amounts in start-ups, based on experienced investors.

24/03/2015 17:33 Start ups Roy Goldenberg
Chief Scientist issues tenders for 3 incubators

Three new technological incubators will be set up in Akko, Haifa and the Golan.

24/03/2015 17:01 Start ups Gali Weinreb
Ministries propose higher VAT to replace local taxes

The Ministries of Finance, Interior, and Construction and Housing intend submitting the plan to the new government.

24/03/2015 15:52 Economy Amiram Barkat
7 Israeli R&D centers of multinationals to cooperate

Representatives of the centers will hold a week-long marathon to develop new initiatives.

24/03/2015 14:23 IT Globes correspondent
Mobile phone security co Skycure raises $8m

The funds will be used to expand marketing efforts and invest in R&D, including hiring in the US and Israel.

24/03/2015 14:18 Start ups Globes correspondent
Strauss Coffee files for Wall Street IPO

Strauss CEO Gad Lesin has unexpectedly achieved a reconciliation with minority shareholder TPG.

24/03/2015 14:05 Market Omri Cohen
CyberGym signs NIS 45m Portuguese deal

Israel Electric Corp.'s CyberGym will build a cyber-defense facility for Energias de Portugal.

24/03/2015 13:02 Energy Hedy Cohen
Tamar partners to sign 3 power station deals

The Tamar partners are about to sign natural gas deals with the Alon Tabor, Ramat Gabriel and Sorek private power plants.

24/03/2015 12:21 Energy Hedy Cohen
Treasury seeks clarifications from Israel Chemicals

The Finance Ministry is not satisfied withIsrael Chemicals' response to questions about its obligations under the state's special share.

Gazit-Globe posts lower profit

The salary cost of Gazit-Globe's six highest paid executives was NIS 73.6 million in 2014, more than the annual profit.

24/03/2015 10:51 Real estate Hillel Koren
Shekel keeps strengthening

FXCM Israel: Current sentiment makes it hard to see the market returning the shekel-dollar pair above NIS 4/$

24/03/2015 09:56 Market Moshe Golan

23 March 2015

Chinese co awarded tender to operate new Haifa port

Shanghai International Port (Group) Co. will operate the port for 25 years.

Benjamin Netanyahu gets nod to form new gov't

Parties comprising 67 MKs in the 120-seat Knesset have told President Rivlin they back Netanyahu.

23/03/2015 19:26 Politics Lilach Weissman
Intel Israel president Mooly Eden quits

Eden is leaving Intel after 33 years to "seek new challenges."

23/03/2015 19:15 IT Globes correspondent
HSBC suspected of improper motives in rate cut forecast

A senior Israeli banking source wants an investigation as to whether HSBC manipulated shekel trading and bond prices.

23/03/2015 18:47 Economy Amiram Barkat
SHL Telemedicine buys German co GPH

GPH provides daily chronic heart failure services to 10,000 patients.

23/03/2015 17:36 Healthcare Tali Tsipori
"BoI will have to go back to currency war"

Most analysts see the Bank of Israel as determined to weaken the shekel, perhaps at the expense of other considerations.

23/03/2015 17:18 Economy Globes correspondent
Rate decision sends shekel-dollar below NIS 4/$

The shekel strengthened against the euro as well after the Bank of Israel announced no change in its interest rate.

23/03/2015 16:33 Market Globes correspondent
Bank of Israel keeps April interest rate unchanged

HSBC analysts had created expectations that the Bank of Israel might lower the interest rate to negative territory.

23/03/2015 16:02 Economy Kobi Yeshayahou
Court nixes loan for Alexander Granovsky

At the request of Alfa-Bank, the court has not allowed Granovsky to mortgage his Willi-Food shares to the Williger brothers. 

23/03/2015 15:51 Legal
Zadik Bino sells 6% Paz stake

Bino is selling the fuel company's shares at a 5% discount for NIS 320 million.

23/03/2015 15:44 Energy Aviv Levy
Cyber security co SolebitLABS raises $2m

The Israeli company develops cyber-security solutions that protect networks from zero-day attacks and advanced persistent threats.

23/03/2015 14:29 Start ups
Canadian distribution agreement boosts Can-Fite

Can-Fite has signed an agreement with Cipher to distribute its CF101 psoriasis and rheumatoid arthritis treatment. 

23/03/2015 14:16 Healthcare Hillel Koren
Strauss Group reports flat revenue

The Strauss Coffee unit has filed a draft prospectus for a US offering.

23/03/2015 12:47 Basic industries
Alibaba investing in Israeli venture capital firm JVP

The investment will be in the tens of millions of dollars.

Treasury chief Andorn resigns

Yael Andorn was a personal appointee of Yair Lapid, finance minister in the outgoing government.

23/03/2015 11:42 Economy Amiram Barkat
Moody's welcomes Netanyahu election win

Moody's says the new government will last longer than its predecessor, and its economic policy will be more cohesive.

23/03/2015 10:55 Economy Amiram Barkat
Shekel mixed as rate decision tensely awaited

FXCM Israel: A quantitative easing program and a negative interest rate are not likely.

23/03/2015 10:08 Market Hillel Koren
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