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26 October 2016

Startups Israeli high-tech capital raising bucks global downturn

IVC-KPMG: Israeli high-tech companies have raised $4 billion so far this year, up 27% from the first nine months of 2015.

26/10/2016 11:15 Start ups Globes correspondent
Shekels Photo: Shutterstock Shekel gains ground despite dollar's global strength

FXCM Israel: Expectations continue to grow that the US Fed will raise interest rates in December.

26/10/2016 10:21 Market Globes correspondent
Danny Atar Photo: PR Treasury retreats on demand for JNF to pay extra NIS 1b

Consequently, there will be a 1% across-the-board cut for all Israel's ministries in the 2017-2018 budget.

26/10/2016 08:06 Economy Amiram Barkat

25 October 2016

Moti Ben-Moshe mulls buying Africa-Israel

The potential bid includes a NIS 700 million capital injection and a NIS 400-450 million debt write-off.

Work begins on drilling new well for Tamar gas field

The Atwood Advantage is drilling offshore from Israel, 100 kilometers west of Haifa, to increase gas production.

25/10/2016 17:26 Energy Globes correspondent
Plasson buys Brazilian egg equipment co

The Kibbutz Maagan Michael plastics company bought 70% of ATI's shares for NIS 45 million.

Plus500 reports strong Q3 results and more clients

In the first nine months of 2016, the Israeli online CFD trading company's revenue was $236.3 million, 14% up from the corresponding period.

25/10/2016 16:10 Market Globes correspondent
Israeli co Change launches overdraft alert

The Caesarea based startup has also unveiled its machine learning platform that uses behavioral economics to actively teach people better spending habits.

25/10/2016 16:00 Start ups Globes correspondent
Israeli co Inokim unveils cutting edge electric scooter

The Quick 3 can go 30 kilometers without recharging, has an anti-theft mechanism and folds in 3 seconds.

Histadrut declares Egged strike starting November 7

The strike follows the government's refusal to renew an agreement with the bus company.

Pluristem raises $30m from Chinese investors

Innovative Medical Management Co. Ltd. has bought a 17% stake in the Israeli placenta-based cell therapy products developer.

25/10/2016 13:58 Healthcare Gali Weinreb
Liberman offers Gaza carrots and sticks

The Minister of Defense told "Al Quds" Israel would destroy Gaza if it continues fighting or rebuild it, if it stops firing rockets and digging tunnels.

25/10/2016 13:11 Politics Globes correspondent
CollPlant files to raise $25m on Wall Street

The Israeli tissue repair developer plans listing on Nasdaq.

Teva back where Vigodman started

Since becoming CEO, Erez Vigodman has seen Teva's share price climb 40%, and slide all the way down again, but the sell-off may have been overdone. 

25/10/2016 12:36 Healthcare Gali Weinreb
Israeli Internet-of-Things co PointGrab raises $7m

Philips and Mitsubishi have invested in the Hod Hasharon startup, which has developed sensor technology for smart buildings.

25/10/2016 11:49 Start ups Globes correspondent
FDA accepts Teva new drug resubmission

The US Food and Drug Administration has accepted the resubmission of the New Drug Application for SD-809 for the treatment of chorea associated with Huntington disease. 

25/10/2016 09:41 Healthcare Globes correspondent

21 October 2016

Proofpoint buys cloud security co FireLayers

FireLayers's Herzliya office will become US cyber security company Proofpoint's Israel development center.

20 October 2016

Israel's NG Solutions signs GSK child formula deal

The formula to enhance height and weight in pre pubertal children developed by the Schneider Children's Medical Center will be marketed as Horlicks Growth +.

20/10/2016 15:14 Healthcare Gali Weinreb
Medallia acquires Israeli SaaS co Kampyle

Medallias data analytics platform will be combined with Kampyles web and mobile feedback capture capabilities.

151 cos seek state aid in employing haredim, Arabs

Investment Promotion Center: The huge response from companies for state aid in paying salaries for these population groups is unprecedented.

20/10/2016 14:07 Employment Yuval Azulai
TAU's Steinhardt Natural History Museum opens March

The 8,000-sq.m. building will be the largest center in Israel for biodiversity research, education and conservation.

20/10/2016 13:18 Economy Globes correspondent
HearMeOut files to raise A$5.5m on Australian bourse

There is strong demand for the planned ASX IPO of the Israeli voice-based social networking startup, "The Australian" reports.

Shekel still losing ground

FXCM Israel: The increased lead in the polls that Hillary Clinton holds over Donald Trump is strengthening sentiment towards the dollar.

20/10/2016 10:15 Market Globes correspondent

19 October 2016

US fines Leumi for unlicensed brokerage services

Bank Leumi's $1.6 million fine completes the US investigations against it, which cost more than $400 million in fines.

19/10/2016 17:42 Financial services Irit Avissar
Turkish hotels offer Israelis bargain basement prices

A 4-star hotel overnight in Anatolia is being offered for NIS 96 while weekend flights are just $100 return.

19/10/2016 16:55 Tourism Michal Raz-Chaimovich
Alex Shnaider buys joint control of Mishorim

The Canadian billionaire businessman will own 37% of the company, the same as current controlling shareholder Gil Blutrich.

OECD report: PM boasts on satisfaction, ignores poverty

Prime Minister Benjamin Netanyahu exulted in life satisfaction figures, while overlooking that Israel has the highest percentage of people below the poverty line.

19/10/2016 15:23 Economy Globes correspondent
Ortam Sahar requests stay-of-proceedings

The Israeli construction company has turned to the courts after acquisition talks by the Leo Noe Group broke down.

19/10/2016 15:16 Real estate Ori Chudy
Israeli depth sensor co Oryx Vision raises $17m

The Petah Tikva based startup has developed nano antennas that receive light waves that act as depth sensors for autonomous cars.

IDB plans NIS 250m bond offering

The company is expected to offer a new bond series guaranteed by a lien on Discount Investment shares.

19/10/2016 14:00 Market Omri Cohen
Parks Authority cuts entrance fees after class action suit

The Israel Nature and Parks Authority admits to overcharging after a lawsuit that also claims eligible populations were denied discounts.

Delek US moves to buy Alon USA

Delek has offered to buy the remaining shares of its subsidiary for $533 million, an 11% discount on the market price.

CollPlant awarded CE Mark for Tendinopathy treatment

Earlier this year, the Israeli tissue repair company also received a CE Mark for VergenixFG for the treatment of chronic and surgical wounds.

Israeli AI startup raises $6.3m

The Tel Aviv company combines AI, data analytics, and natural language processing to unite sales conversations into a single dashboard and help close deals.

19/10/2016 10:27 Start ups Globes correspondent
Shekel weakens amid US rate hike expectations

FXCM Israel: With US inflation at its highest since 2014, expectations of a Fed rate hike in December are strengthening.

19/10/2016 10:07 Market Globes correspondent

18 October 2016

Fattal to build 500-room Amsterdam hotel

The Israeli hotel company plans completing construction of the Dutch hotel in November 2018.

18/10/2016 18:42 Tourism Aviv Levy
Israel Railways CEO steps down

During Boaz Tzafrir's five years at the head of Israel Railways, the number of passengers rose 70%.

Court orders El Al to pay Israelis for delayed flights

A German court has ruled that Israeli passengers must be compensated for flights delayed by three hours or more.

18/10/2016 17:28 Tourism Michal Raz-Chaimovich
"Chinese investment in Israeli tech is just beginning"

China Galaxy Investment Management president Wang Xuejun seeks to expand Israeli-Chinese cooperation.

18/10/2016 16:11 Economy Tali Tsipori
Matomy appoints RBC as financial adviser

The Israeli digital ad company is examining strategic alternatives.

18/10/2016 15:22 Market Aviv Levy
Somoto issues strong Q4 guidance

The Israeli monetization software company's share price has soared 140% over the past year.

18/10/2016 14:21 IT Kobi Yeshayahou
Allergan to use UroGen system for Botox delivery

Allergan will pay the Israeli company $17.5 million, in addition to milestones and further royalties.

18/10/2016 13:52 Healthcare Gali Weinreb
Ham-Let buys Norwegian co Norvalves

The company manufactures and markets valves and fittings for the North Sea oil and gas industry.

FDA suspends Teva, Regeneron back pain trial

This latest development comes less than a month after Teva paid Regeneron $250 million for the half the rights of fasinumab.

18/10/2016 11:58 Healthcare Nitzan Cohen

14 October 2016

Israel's CPI fell 0.1% in September

Negative inflation continues as the Consumer Price Index has fallen 0.4% over the past 12 months.

14/10/2016 16:26 Economy Amiram Barkat
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