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01 March 2017

Jaffa Photo: PR Canada Israel wins major Jaffa seafront land tender

The tender was for 1.875 acres on the border between Jaffa and Neve Tzedek near the seafront.

01/03/2017 18:30 Real estate Ori Chudy
Dr. Nadine Baudot-Trajtenberg BoI buys foreign currency to halt shekel appreciation

Bank of Israel Deputy Governor Dr. Nadine Baudot-Trajtenberg told "Reuters" that the shekel is overvalued.

01/03/2017 17:42 Economy Amiram Barkat
XACT Robotics Israeli co XACT Robotics raises $5m

The company's needle steering product charts a path for surgical tools through the body and guides them on that path.

01/03/2017 16:01 Healthcare Gali Weinreb
drugs, medicine  picture: thinkstock Medication management co Medisafe raises $14.5m

With over 3.5 million registered users, The Israeli company helps people worldwide to take their medications as prescribed.

01/03/2017 14:59 Healthcare Tali Tsipori
Gili May Photo: Efrat Gal On Gili May appointed BBDO IM CEO

May was chief of staff of the Prime Minister's Office's director general bureau for the past three years.

Hot Mobile HOT Mobile sustains strong subscriber recruitment

Telzar continued to do well in February among foreign workers and customers in the private market.

01/03/2017 13:03 Market Gad Perez
Dollars and handcuffs, photo: Thinkstock 20 Israelis arrested on int'l fraud suspicions

The ring is suspected of using Internet and computer platforms to make false presentations.

01/03/2017 11:55 Legal Chen Ma'anit
Shekels Photo: Shutterstock Shekel gains against dollar despite Trump's declarations

The unstoppable Israeli currency continues to push the dollar and the euro to new lows.

01/03/2017 11:23 Market Globes correspondent
Startup Israeli startups raise $700m in 2017 so far

Israeli startups are keeping pace with last year when a record $4.8 billion was raised, according to IVC.

LightCyber Photo: Company website Palo Alto Networks buys Israeli co LightCyber for $130m

Ramat Gan based LightCyber has been developing automated behavioral analytics capabilities, using sophisticated machine learning.

28 February 2017

OurCrowd, Germany's Innogy team on Israel investments

The partnership will scout investment opportunities at Israeli startups for the energy market.

28/02/2017 19:44 Start ups Globes correspondent
Israir summer schedule includes new Italian route

The israeli carrier announced the launching of a new line of direct flights to Rimini in the Italian Riviera.

28/02/2017 19:32 Tourism Michal Raz-Chaimovich
Bet Shemesh Engines wins $37m ITP deal

Revenue from this and previous deals with Spanish company ITP Group is expected to top $100 million.

28/02/2017 19:28 Aerospace & defense Aviv Levy
Minrav Projects raising NIS 150m in TASE IPO

This is the third IPO on the Tel Aviv Stock Exchange this year.

28/02/2017 18:33 Real estate Aviv Levy
Perrigo seeks buyer for Ramat Hovav plant

Perrigo announced that it was looking for strategic alternatives to Israel for the production of its active ingredients.

28/02/2017 18:31 Healthcare Gali Weinreb
Israeli VR co galligu looks to raise $2.5m

The Tel Aviv based startup's technology allows virtual reality users to choose content without removing their headsets.

28/02/2017 17:44 Start ups Tali Tsipori
Behavior analytics co Fortscale raises $7m

The Israeli startup has developed machine learning-based user and entity behavior analytics (UEBA) for security.

28/02/2017 16:00 Start ups Tali Tsipori
Hainan adds 5th weekly Tel Aviv - Beijing flight

Hainan Israel general manager: We are pleasantly surprised by the strong demand in Israel and China.

28/02/2017 15:44 Tourism Michal Raz-Chaimovich
Splacer matches events with unique venues

The Israeli company, which operates an online platform, has raised $7 million to date.

28/02/2017 13:45 Start ups Eitan Baigel
Submarine inquiry becomes criminal probe

State Prosecutor Shai Nitzan suspects manipulation of the submarine procurement tender in favor of German company ThyssenKrupp.

Tax Authority probing 30,000 more Israelis' US accounts

Information from the IRS will be cross-checked with reports by Israelis about their overseas assets.

28/02/2017 12:16 Economy Ela Levi-Weinrib
Shekel pushes dollar to new 30-month low

The shekel is again stronger against the dollar and the euro after the Bank of Israel kept the March interest rate unchanged.

28/02/2017 11:50 Market Globes correspondent
FIMI in talks to sell Ormat Technologies stake

FIMI Opportunity Funds, controlled by Ishay Davidi, holds 14% of geothermal energy company Ormat Technologies.

Perrigo plunges on sale of Tysabri rights

Perrigo announced overnight that it was selling its rights in multiple sclerosis drug Tysabri to an affiliate of Royalty Pharma for up to $2.85 billion.

28/02/2017 09:46 Healthcare Nitzan Cohen

27 February 2017

Check Point chairman sold 5.5% stake in 2016

After selling shares for $800 million, Marius Nacht still has shares worth $1.12 billion.

27/02/2017 19:04 Healthcare Kobi Yeshayahou
UMI selling new Cadillac for NIS 549,000

UMI today launched the prestigious Cadillac CT6 in Israel.

SKY, Kedma in talks to buy S.AL for NIS 275m

Apax Partners and another party are also interested in acquiring the Holon-based company.

Medigus, BioBlast file for Nasdaq offerings

Medigus has lost 70% of its value over the past year, while BioBlast has lost 90% of its value since its IPO.

27/02/2017 17:19 Healthcare Gali Weinreb
Bank of Israel keeps March rate unchanged

As the dollar hits a 30-month low against the shekel, many in the market believe the Bank of Israel is powerless to halt the strengthening shekel.

27/02/2017 16:18 Economy Hillel Koren
Tidhar teams with huge Chinese building co

Tidhar will build thousands of homes in Israel worth NIS 1.5 billion together with  CSCEC, one of the world's largest construction companies.

27/02/2017 15:42 Real estate Alfi Eliyahu Shauly
Shekel strengthens further

FXCM Israel: The question is how long the Bank of Israel can stand aside and watch the shekel appreciate.

27/02/2017 11:40 Market Globes correspondent
Pharma Two B raises $30m for Parkinson's treatment trial

Israel Biotech Fund led the round. Former Pfizer CEO and chairman Jeff Kindler is joining Pharma Two B's board.

27/02/2017 09:41 Healthcare Globes correspondent

26 February 2017

China's SAIC to open Israel development center

Chinese car manufacturing giant SAIC is founding an R&D center in Israel for advanced auto technologies. 

26/02/2017 18:25 Economy Dubi Ben-Gedalyahu
KIKO Milano in talks to open Israeli cosmetics stores

Israeli fashion chain Mania Jeans is in advance talks to become the KIKO Milano franchisee.

Treasury warns growth rests on new car sales

Car purchases accounted for much of the increase in both private consumption and investments in 2016, the Finance Ministry says.

26/02/2017 18:10 Economy Moshe Golan
Fox set to open Israel's first 3 Foot Locker stores

The first three branches of the sports stores will be in Tel Aviv, Rishon Lezion and the newly renovated Terminal 1 at Ben Gurion Airport.

26/02/2017 17:03 Retailing Michal Raz-Chaimovich
Israel Builders Assn head: Home prices still rising

"I see no change in the trend," Israel Builders Association president Roni Brik told the Globes 2017 Real Estate Conference

26/02/2017 15:37 Real estate Ori Chudy
Apartments sold and rented

A selection of the latest real estate deals in Israel including in Tel Aviv, Ramat Gan, Givatayim, Holon and Modi'in.

26/02/2017 14:41 Real estate Ori Chudy
Teva freezes plans to build Ra'anana HQ

Teva acting CEO Yitzhak Peterburg said that the company was considering how to continue the project at lower cost.

26/02/2017 13:04 Healthcare Gali Weinreb
Gasoline prices to fall in Israel Tue night

The maximum price of 95 octane gasoline at self-service pumps will fall NIS 0.06 to NIS 6.10 on March 1.

26/02/2017 12:06 Energy Shachar Fuchs
Alon Group reaches debt settlement

The company will have until October 1 to raise capital.

26/02/2017 11:26 Market Omri Cohen

23 February 2017

El Al, Qantas eye code-sharing agreement

The CEOs of the two airlines signed a memorandum of understanding today in Sydney.

23/02/2017 21:17 Tourism Globes correspondent
Novolog completes TASE IPO

High demand meant that the pharma logistics company's valuation for the public stage of the offering rose to NIS 560 million.

23/02/2017 21:00 Healthcare Nitzan Cohen
ISA to extend binary options ban to foreign customers

A new bill will outlaw Israeli trading arenas' activity with non-Israeli customers unless the arena holds a trading license in the country concerned.

23/02/2017 18:34 Financial services Ron Stein
Ad recovery co Uponit raises $2.3m

Using cyber technologies, the Israeli startup helps publishers measure and restore their blocked ad inventory.

23/02/2017 16:52 Start ups Globes correspondent
JVP invests $2m in insurtech cos GetmeIns, Seegnature

The quality of the competition was so impressive that Jerusalem Venture Partners decided to double the grand prize.

Wix buys US art community DeviantArt for $36m

The acquisition provides the Israeli company with opportunities for product development, brand recognition and increased traffic.

Air India head to visit Israel, announce new route

Ashwani Lohani will visit Israel early next month as a guest of Tourism Minister Yariv Levin.

23/02/2017 15:03 Tourism Globes correspondent
Infosys accused of overpaying for Israeli startup

The Indian software giant has been rocked by allegations that it deliberately overpaid for Panaya in 2015.

Autodesk invests in Israeli IoT co Jumper

The Tel Aviv based company provides a platform that streamlines the process of developing and testing embedded software for Internet of Things (IoT) products.

23/02/2017 13:29 Start ups Globes correspondent
BoI intervenes to weaken shekel

Even after the Bank of Israel purchased $200 million in foreign currency, the shekel remains stronger against the dollar today.

23/02/2017 11:27 Market Amiram Barkat
Noble commits to financing Leviathan development

Energy Minister: The final investment decision by Noble and the other partners puts an end to opposition to the gas outline agreement.

23/02/2017 10:15 Energy Nati Yefet
4 judges chosen as Supreme Court moves right

Three of the four new judges were reportedly backed by right-wing Justice Minister Ayelet Shaked.

23/02/2017 09:37 Politics Globes correspondent
Appraisers rebuked over home price contradiction

Chief statistician accuses the appraisers of confusing the public by comparing monthly and quarterly apartment price figures.

23/02/2017 08:27 Real estate Ori Chudy

22 February 2017

US offerings on TASE bring fat fees

The main beneficiaries are underwriters Poalim IBI and a list of consultants.

22/02/2017 19:13 Financial services Aviv Levy
Wharton Property TASE bonds oversubscribed

The size of the bond issue by US real estate developer Jeff Sutton was increased to NIS 960 million.

22/02/2017 18:21 Market Omri Cohen
MindUP incubator takes in first startup

Hemonitor measures blood flow in the main artery of intensive care patients.

22/02/2017 17:31 Healthcare Gali Weinreb
Israeli SaaS co TestCraft raises $1m

The Tel Aviv-based company provides continuous testing SaaS-based solutions that allow manual business testers to create test automation without coding.

22/02/2017 17:15 Start ups Globes correspondent
Mobileye Q4 results exceed expectations

Mobileye CEO: We won 12 new programs from 11 automakers in 2016.

22/02/2017 15:49 IT Globes correspondent
2,450 homes approved for Hod Hasharon

The Tel Aviv municipality will probably publish a tender for its share of the Beit Hanaara site.

22/02/2017 14:28 Real estate Shlomit Tsur
Nasdaq expects more Israeli IPOs in 2017

94 Nasdaq-listed Israeli companies have an aggregate $70 billion market cap.

22/02/2017 13:44 Healthcare Kobi Yeshayahou
Kalytera buys Israeli cannabis co Talent Biotech

The Canadian therapeutics firm will pay $10 million plus shares and $20 million in milestone payments for the Israeli GvHD treatment developer.

22/02/2017 12:47 Healthcare Globes correspondent
SodaStream recalls potentially dangerous bottles

The Israeli carbonated drinks provider is recalling 58,600 bottles in North America that could burst and injure consumers.

22/02/2017 11:31 Market Globes correspondent
Shufersal to begin New-Pharm acquisition talks

Israel's largest supermarket chain also reported a sharp rise in profit in its fourth quarter results.

Alarmed exporters demand action to weaken shekel

Israel Export Institute: The exchange rate is the worst it has been since 1999.

22/02/2017 08:03 Economy Yuval Azulai

21 February 2017

Teva boosted as FDA delays generic Copaxone

IBI analyst Steven Tepper: Every month of delay means $150-200 million more for Teva.

21/02/2017 18:55 Healthcare Gali Weinreb
ALTANA buys Landa's metallography technology

Benny Landa's metallized graphics is a sustainable alternative to foil-transfer processes, enabling metallization graphics at up to half the cost of conventional foil stamping.

TA La Guardia urban renewal plan approved

450 units in three towers and a 25-storey office tower will replace 130 apartments.

21/02/2017 18:05 Real estate Alfi Eliyahu Shauly
Azaria handed 18-months for manslaughter

One of the three judges wanted a more severe sentence for Elor Azaria, the soldier who shot dead an injured terrorist in Hebron.

21/02/2017 17:16 Legal Chen Ma'anit
Gauzy teams with Mercedes on window messages

The Israeli company's LCD smart glass technology enables car windows to switch from transparent to opaque on demand to communicate location based messages.

21/02/2017 15:42 Start ups Globes correspondent
Shekel appreciation gains momentum

The shekel has pushed the dollar below NIS 3.70/$ and the euro below NIS 3.90/€.

21/02/2017 15:18 Market Hillel Koren
In first, Israeli public servant convicted for leak

The Tel Aviv District Court convicted Ayelet Azulai, bureau chief of late Minister of Defense Binyamin Ben Eliezer.

21/02/2017 13:37 Legal Chen Ma'anit
Leumi's digital bank Pepper launches app

Bank Leumi's digital bank is offering a free payments app, which subsidizes the cost of transactions and clearance.

21/02/2017 13:28 Financial services Irit Avissar
Pearl Cohen law firm brings in 3 partners

The new partners together with Adv. Paul Lenga are launching Pearl Cohen's Infrastructure and Project Finance Group.

21/02/2017 12:22 Legal Globes correspondent
Haifa-Nazareth light rail line approved

The Ministry of Transport estimates the project's cost at NIS 5.9 billion.

Leviathan partners close development finance

The partnerships in the gas reservoir have signed a $1.75 billion agreement with an international consortium of lenders.

21/02/2017 09:12 Financial services Nati Yefet
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