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18 June 2018

Gonen Segev Photo: Koby Cantor Former Israeli minister indicted for spying for Iran

Gonen Segev is suspected of giving information about defense sites in Israel to his Iranian handlers.

Wizz Air  plane photo: Shutterstock Wizz Air to launch Eilat-London flights

The low-cost Hungarian carrier will operate twice weekly flights on Sundays and Wednesdays.

18/06/2018 16:41 Tourism Globes correspondent
Ben Gurion Airport cancelled flights  photo: Siegfried Modola, Reuters Foreign Ministry move threatens Israeli airlines' winter schedule

The ministry is refusing to continue employing flight security personnel overseas after this year.

18/06/2018 12:59 Tourism Michal Raz-Chaimovich
Mellanox Technologies Photo: Reuters Mellanox, Starboard close to compromise - report

Reuters says that Israeli chip company Mellanox and activist fund Starboard Value are near agreement on the composition of Mellanox's board.

18/06/2018 11:12 IT Shiri Habib-Valdhorn

17 June 2018

Dudu Mizrahi returns to Bezeq as CEO

Mizrahi, then CFO, left Bezeq in 2016 in protest at transactions with companies belonging to controlling shareholder Shaul Elovitch.

17/06/2018 18:28 Market Gad Perez
Negative trial result hardly dents Teva share price

Teva announced that it was discontinuing a trial of  fremanezumab for chronic cluster headache.

17/06/2018 17:53 Healthcare Shiri Habib-Valdhorn
Israel's CPI up 0.5% in May

Trend figures for February-May 2018 show an annual rate of inflation of 1.5%.

17/06/2018 14:19 Economy Globes correspondent
El Al flight disruptions continue over weekend

The rescheduling of flights follows on from a spate of cancellations in the past two weeks.

17/06/2018 11:00 Tourism Michal Raz-Chaimovich

14 June 2018

El Al flight cancellations multiply

El Al's explanation for the cancellation of this morning's flight to Boston was "operations reasons". Is the summer peak schedule at risk?

14/06/2018 18:12 Tourism Michal Raz-Chaimovich
Shekel continues weakening after US rate hike

The US Federal Reserve put the rate up 0.25% and chairman Jerome Powell said there will be two more hikes this year.

Motorcycle 360 vision co Ride Vision raises $2.5m

The Herzliya-based startup has developed collision aversion technology bringing unprecedented protection and control for motorcycle riders.

14/06/2018 14:32 Start ups Globes correspondent
Together wins Canadian cannabis deal worth at least $75m

The agreement could generate as much as $150 million in annual revenue for the Israeli company.

14/06/2018 14:31 Healthcare Gali Weinreb
Egged to lay off 3,100 as part of subsidy deal

By 2030, all Israeli bus routes will be put up for tenders, which Egged will have to bid for against its rivals.

Israel's Zimperium buys US co Mi3 Security

Zimperium has broadened its portfolio of mobile device security solutions by acquiring Mi3 Security's machine learning based application security.

Marriott to open 121-room Jaffa hotel in July

The Jaffa - a Luxury Collection Hotel will be housed in a renovated 19th century building and new contemporary building.

Sugat hikes rice prices by up to 30%

The commodities company says that the hike follows a crisis on the rice markets in Thailand and India.

14/06/2018 07:46 Retailing Globes correspondent

13 June 2018

Azrieli negotiating for first Apple store in Israel

Apple has two official importers in Israel, but no retail store.

Naty Saidoff buys Shari Arison's stake in Shikun & Binui

Saidoff is paying NIS 1.1 billion for the 47% holding in the real estate and infrastructure company.

13/06/2018 19:34 Real estate Kobi Yeshayahou
LR Group to open shared biotech workspace in Jerusalem

Facilities will also open in Petah Tikva and Haifa in a unique model that combines incubator, co-working space and access to hospital infrastructures.

13/06/2018 14:23 Healthcare Gali Weinreb
Elbit unit Beyeonics Surgical raises $11.5m

Beyeonics Augmented/Virtual Reality vision capabilities replace surgical microscopes and allow real-time integration of an unlimited amount of data.

Clal Beverages Jafora TASE flotation oversubscribed

The offering was at a company value of NIS 1.65 billion for Jafora, Israel's second largest soft drink company.

13/06/2018 11:50 Market Aviv Levy
Shekel weaker ahead of expected US rate hike

The US Federal Reserve is expected to raise the interest rate by a quarter point to the 1.75%-2% range, the highest since 2008.

13/06/2018 11:33 Market Globes correspondent
Channel 10 and Reshet sign merger agreement

It is uncertain whether the Israel Antitrust Authority will approve the merger even though all the country's three commercial TV stations are losing large amounts.

12 June 2018

Galmed jumps on positive liver treatment results

Galmed can now begin a Phase III trial on the drug for the treatment of inflammation caused by fatty liver disease.

12/06/2018 19:15 Healthcare Gali Weinreb
Jifiti to collaborate with Mastercard

The international credit card company will market Jifiti's consumer financing solution.

12/06/2018 17:55 Start ups Tal Shahaf
Stanley Black & Decker invests in wireless tech co Humavox

With the Israeli company's technology, everyday objects can turn into "hidden chargers," including anything from car cup holders and gym bags, and more.

Germany to approve 1b deal to lease Israeli UAVs

The IAI-made UAVs are likely to carry munitions and carry out attacks in the German army's theaters of operations in Mali and Pakistan.

Ori Allon in talks to buy Boston Celtics stake

The Israeli entrepreneur is leaving basketball team Hapoel Jerusalem but sources inform "Globes" that he is negotiating for a stake in an NBA team.

12/06/2018 15:25 Economy Tal Volk
Public transport lane cameras reliability also questioned

Israel Police has reportedly stopped issuing tickets from all speed cameras around the country after the Technion, Institute of Technology cast doubts on the accuracy of the cameras.

Israel Aerospace unveils 3D tactical radar system

The radars will be integrated into the joint airspace surveillance system of a european customer by the end of 2019.

Truck manufacturer buys Foresight's vision system

A large European truck manufacturer has bought the Israeli company's quad-camera vision system for detecting obstacles.

12/06/2018 12:32 IT Kobi Yeshayahou
Israeli fintech co Cappitech raises $4m

The Herzliya-based company has developed compliance and regulation technology for banks, brokers and asset managers to solve their reporting needs.

12/06/2018 11:58 Start ups Globes correspondent
Trump and Kim sign agreement

The summit between US President Donald Trump and North Korea Supreme Leader Kim Jong-un has produced a joint statement calling for denuclearization of the Korean peninsula.

12/06/2018 10:03 Politics Tal Schneider

11 June 2018

Prince William to meet Netanyahu and Abbas

In Israel from June 25 to June 28, Prince William will visit Yad Vashem, meet young entrepreneurs and play football with Jewish and Arab children.

11/06/2018 21:59 Politics Globes correspondent
Bank of Israel: Rents up, home prices down

Rents are rising faster, despite the fall in housing prices, according to the Bank of Israel Monetary Committee.

11/06/2018 19:17 Real estate Amiram Barkat
40% rise in Israeli defense cos exhibiting at Eurosatory

"Globes" looks at some of the military developments and applications of the record 52 defense companies that will be on show in the Israeli pavilion in Paris.

Strauss gaining on Tnuva in Israeli food market

In the first five months of 2018, the gap between Israel's two largest food and beverages producers was the narrowest for at least five years.

11/06/2018 18:10 Basic industries Shany Moses
Hachshara Insurance acquires 20% stake in Brown Hotels

Hachshara will enter as a partner in return for a loan that will grant Brown NIS 60 million at a company value of NIS 300 million.

Hebrew University sets $1b fundraising target by 2025

The university is planning to allocate a quarter of the donations to high tech related subjects.

11/06/2018 16:10 Economy Omri Zerachovitz
Africa Israel, Shikun & Binui win IDF ICT campus tender

The two companies overcame Minrav and Electra Real Estate in the tender for the Beersheva communications campus.

Israeli cybersecurity co Claroty raises $60m

The Tel Aviv-based company specializes in cybersecurity for industrial control networks.

11/06/2018 15:39 Start ups Yasmin Yablonko
Leviathan partners near $200m EMG pipeline deal

Delek Drilling is in advanced talks with EMG in order to fulfil the $15 billion Egyptian gas export deal.

11/06/2018 15:14 Energy Sonia Gorodeisky
IAI wins $150m European SIGINT, EW deal

Israel Aerospace's ELTA Systems has been awarded a contract for the modernization and upgrade of a national level ground based SIGINT and EW system for a European customer.

Hosting Eurovision Song Contest will cost Israel NIS 150-190m

The Israeli Public Broadcasting Corporation will have to deposit €12 million with the European Broadcasting Union in August.

Internet Gold offering underway

The offering of shares and warrants is being made in parallel to negotiations on the sale of control in Bezeq.

Tourism to Israel keeps rising despite violence in south

395,900 tourists came to Israel in May 2018, 14% more than in the same month last year.

11/06/2018 11:42 Tourism Globes correspondent
Internet Gold mulls selling control of Bezeq

Internet Gold has received offers from overseas investors for its holding in B Communications, which directly controls Bezeq.

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