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25 May 2017

Gideon Tadmor and Richard Gere Photo: Rafi Deloya TASE gives green light to int'l film producers

Limited partnerships have thus far been allowed to raise money on the Tel Aviv Stock Exchange only for Israeli movies.

25/05/2017 08:51 Market Ron Stein
Campaign to reduce use of plastic bags Disposable plastic bag use falls very sharply

The Ministry of Environmental Protection has reported an 80% reduction in the use of disposable plastic bags in the first quarter of 2017.

Yachimovich, Nissenkorn Photo: Eyal Yizhar Nissenkorn set for victory as judge stops vote counting

Avi Nissenkorn is winning 59% of the vote to Shelly Yachimovich's 40%.

25/05/2017 06:47 Employment Shay Niv
Patrick Drahi Photo: Alon Ron Drahi slams Israel's confused regulation

Hot controlling shareholder: No telco will invest under the existing conditions in Israel.

25/05/2017 06:44 Market Gad Perez

24 May 2017

Hedva Ber warns on growing household debt

Supervisor of Banks: Credit is like salt - too much tastes bad and is unhealthy.

24/05/2017 17:06 Financial services Irit Avissar
Strauss Group sells Max Brenner for $5m

The Israeli company is selling the international chain of restaurants and “chocolate bars” to its Israeli franchisees Yaniv Shtanger and Dudu Vaknin

24/05/2017 16:17 Market Michal Raz-Chaimovich
Cyber security co PureSec raises $3m

The company provides a security platform for serverless cloud computing.

24/05/2017 16:00 Start ups Tali Tsipori
Telrad raises NIS 80m in TASE IPO

Existing shareholders in the wirless communications network company sold shares for the same amount.

24/05/2017 15:45 IT Kobi Yeshayahou
Cofix to expand worldwide

Six months after its Russian launch, Cofix is expanding to other countries.

24/05/2017 14:53 Retailing Globes correspondent
Microsoft buys cyber security co Hexadite for $100m

The Israeli company has developed software to investigate threats and rate the seriousness of cyber security alerts.

AI process optimization co Inflowz raises $3.5m

The Israeli company's artificial intelligence technology helps sales leaders optimize their sales processes.

24/05/2017 14:00 IT Tali Tsipori
AI stroke treatment co Viz raises $7.5m's solution instantly compares a patient's scan to hundreds of thousands of other scans.

24/05/2017 13:15 Healthcare Tali Tsipori
Cellcom profit plunges 56%

Revenue was down 6% to NIS 959 million.

24/05/2017 12:28 Market Yossi Nissan
El Al loss widens despite higher revenue

The number of passengers flying El Al at Ben Gurion Airport rose 7% in the first quarter.

24/05/2017 11:55 Tourism Globes correspondent
Bank Hapoalim profit up 13.8%

Return on equity reached 9.2% in the first quarter.

Frutarom profit grows 57%

The Israeli flavors and fine ingredients developer expects $2 billion in sales with an EBITDA of over 22% in its core activities by 2020.

24/05/2017 10:36 Market Globes correspondent
Digital microscopy co Scopio Labs raises $7m

The Israeli company's products enable dramatic clinical and research improvements in cancer, hematology and cytology, and empower academic research and drug discovery.

Uber Israel denies unlicensed taxi indictment

Uber says its Night pilot program was built in accordance with Israeli regulations for recouping expenses.

Monitoring co EarlySense enters Chinese market

The Israeli company, which has developed a medical monitoring device kept under the mattress, has teamed with China's Laxis.

24/05/2017 06:57 Healthcare Gali Weinreb
Israel, Italy in helicopters for missiles talks

Israel is in talks to buy Leonardo's training helicopters on condition that the Italian government will agree to reciprocal defense procurement.

23 May 2017

Two arrested in Orbotech tax probe

VP Finance Tal Opher, and Avishay Bardugo, a tax partner at PwC Israel - Kesselman & Kesselman, are suspected of concealing interest on a loan to an Orbotech subsidiary.

23/05/2017 19:52 Legal Ela Levi-Weinrib
"Iran calls for Israel's destruction. Not with Donald J. Trump"

US President Donald Trump wrapped up his visit to Israel today with a keynote speech at the Israel Museum in Jerusalem.

Hot to rebrand as Altice

Patrick Drahi is transforming his global holding company into a unified international brand.

Israel and Quebec launch $12m R&D program

Setting up the collaboration program was one of the highlights of a week-long visit by a 100-strong trade delegation to Israel led by Quebec Premier Philippe Couillard.

23/05/2017 17:47 Economy Simon Griver
Ovadia to pay $2m for Babylon translation unit

The arbitrator ruled that Amnon Ovadia had to pay the price agreed in 2014 for the unit.

Teddy Sagi buys control of Brack Capital

Sagi is paying NIS 1.1 billion for 44% of the TASE listed company, which invests in German real estate.

First Int'l Bank reports higher profit

Net interest revenue grew 6.8% to NIS 562 million.

Perrigo restates 2016 results

The company posted a GAAP-based net loss of $4 billion for the year.

23/05/2017 14:40 Healthcare Nitzan Cohen
Suicide bomber kills 22 in Manchester attack

The attack is the worst for casualties in the UK since the London bombings of 2005.

23/05/2017 11:47 Politics Globes correspondent
Cathay to add 6th weekly TA - Hong Kong flight

The Hong Kong carrier will operate six flights each week during the high demand holiday season between September 18 and October 23.

23/05/2017 11:46 Tourism Michal Raz-Chaimovich
Trump: Iran spurring Arab leaders' positive feeling towards Israel

US President Donald Trump said an agreement between Israel and the Palestinians would be tough but that a deal was achievable.

23/05/2017 10:55 Politics Globes correspondent
Israel Tax Authority demands NIS 207m from Orbotech

Tax Authority investigators have raided Orbotech's offices. The company says it will appeal against the assessment.

23/05/2017 10:12 Legal Nitzan Cohen

22 May 2017

Partner TV to offer 5 RGE sports channels

The Sport 5 and 5 Plus channels will be broadcast on high-definition television.

22/05/2017 19:10 Market Yonatan Kitain
US hotel co Windsor Capital Group to raise debt in Tel Aviv

The company seeks to raise $110 million to recycle debt.

22/05/2017 19:02 Market Omri Cohen
Aeronautics files for NIS 1.1b valuation TASE IPO

Aeronautics, Israel's fifth largest defense company, controls its entire UAV supply chain.

Safe-T raises NIS 8.2m in private placement

The company has raised NIS 30 million in two rounds and options over the past month.

22/05/2017 18:14 IT Globes correspondent
Histadrut elections set for Tuesday

Incumbent Histadrut chairman Avi Nissenkorn is running for reelection against MK Shelly Yachimovich.

22/05/2017 18:00 Politics Shay Niv
Israeli startup Windward enters marine insurance

Windward wants to use its information about ships to rate the risk using a mathematical model.

22/05/2017 17:28 Financial services Idan Rabi
Mobileye plans 30-floor Jerusalem HQ

The car sensor and mapping developer plans expanding its work force from 660 to 4,000 by building a new campus.

Trump: We have a rare opportunity for peace

The US president landed in Israel today. Netanyahu: You flew from Riyadh to Tel Aviv; I hope one day an Israeli prime minister will fly from Tel Aviv to Riyadh.

22/05/2017 15:56 Politics Shay Niv
Oren Hazan ambushes Trump for selfie

President Trump looked taken by surprise while Prime Minister Benjamin Netanyahu and other Israeli leaders looked embarrassed.

BoI lost NIS 5.3b in shekel appreciation in 2016

The shekel continues to strengthen against the dollar today with the rate at a new 3-year low.

22/05/2017 14:07 Market Amiram Barkat
Expense cuts boost Partner profit

Partner Communications posted a NIS 37 million rise in first quarter profit despite lower revenue.

22/05/2017 10:49 Market Hillel Koren
Trump lands in Israel today

US President Donald Trump, accompanied by senior members of his government, will hold talks with both Israeli and Palestinian leaders.

22/05/2017 10:07 Politics Globes correspondent
Co-working space co Urban Place raises $12m

The Israeli company plans expanding beyond Tel Aviv to Haifa, Jerusalem and Herzliya and then to Europe.

21 May 2017

Teva share price falls below $30

The Teva share price reached its peak in July 2015, when it was trading at over $70.

Tiv Taam to invest NIS 12m to relaunch Eden Teva

Health store Eden Teva, which has eight branches and a website, will be expanded to 10 branches.

21/05/2017 18:11 Retailing Shany Moses
Apartments sold and rented

A selection of recent real estate deals including in Tel Aviv, Herzliya, Hod Hasharon, Rehovot, and Kfar Yona.

21/05/2017 16:46 Real estate Ori Chudy
WOW to cut fares on Israel - US routes

WOW is apparently underselling Turkish Airlines and Alitalia by at least $200 for a roundtrip flight.

21/05/2017 16:43 Tourism Michal Raz-Chaimovich
Airport cab drivers fighting 30% fare cut

Gett and Hadar Taxi jointly won a Ben Gurion tender by offering a 30% discount on the list price.

Tel Aviv seafront project hit by fire

The fire broke out on floors 15-17 of the David Promenade Residences project owned by developer Henry Taic. Three people were injured.

21/05/2017 15:47 Real estate Shlomit Tsur
Cabinet approves afternoon daycare subsidies

The subsidy encompassing all socioeconomic groups, will be NIS 150-350 per child per month, depending on the location.

21/05/2017 14:28 Economy Globes correspondent
Israeli social music app co MUGO raises $1m

MUGO enables users to listen together to the same song.

Shekel-dollar rate at 3-year low

As the shekel-dollar rate is at its lowest since September 2014, the Bank of Israel is expected to intervene to buy foreign currency.

21/05/2017 13:03 Market Globes correspondent
IAI wins further huge contract in India

Israel Aerospace will supply systems for Barak 8 surface-to-air missiles to India's BEL for installation on Indian warships.

18 May 2017

Merger deal will triple Emilia Development value

The company will buy Oded Feller's shares in Chemovil for an estimated NIS 500 million.

Committee to probe IDF-Elbit artillery contract

The need for the cannons and the quantity to be ordered will be reexamined and weighed against Israel's future defense needs.

Mobile security co Wandera raises $27.5m

The company's intelligence engine MIRIAM is designed to identify zero day threats and surface new analytic insights.

18/05/2017 15:56 Start ups Tali Tsipori
Airbus approves IAI's towing system

TaxiBot is designed to transport commercial airline aircraft from terminal gates to the runway and back, without using the airplane's own engines.

Tax Authority freezes Israeli's Hong Kong account

As part of its campaign against tax evasion and money laundering, the Tax Authority plans to confiscate NIS 7 million in the account.

18/05/2017 14:07 Legal Ela Levi-Weinrib
Housing Minister: We're cutting contractors' profit

People are telling contractors to sell at cheaper prices, Yoav Galant says.

18/05/2017 12:46 Real estate Ori Chudy
Kornit prices Nasdaq offering for $87.6m

Discount Capital Markets will earn NIS 60 million from its stake in Kornit Digital controlling shareholder Fortissimo Capital.

Bezeq reports higher profit on lower revenue

Revenue fell across the board from mobile and landline telephony to Yes satellite TV. 

18/05/2017 11:18 Market Yossi Nissan
Shekel loses ground

The euro is above NIS 4/€ for the first time in three months and the dollar remains above NIS 3.60/$.

18/05/2017 10:41 Market Globes correspondent
Icelandic carrier WOW promotes tourism to Israel

Two of the airline's flight attendants star in a major ad for low-cost flights to Israel to be aired throughout North America.

18/05/2017 09:26 Tourism Globes correspondent
Kahlon cancels import duty on shoes

Cancellation of the 12% tax will cost NIS 188 million in lost revenues and bring major savings for Israeli families.

18/05/2017 08:44 Economy Shany Moses

17 May 2017

Azorim in talks for Brookland Upreal stake

Azorim wants to buy half of Boaz Gilad's 51% holding.

17/05/2017 21:04 Real estate Shai Shalev
Gilbarco buys Israeli automatic fueling co Orpak

The US company is buying a 68% stake at a company value of $225 million.

Shekel-euro rate above 4 for first time since Feb

French President Emmanuel Macron's victory last week has boosted the European currency.

17/05/2017 17:13 Market Globes correspondent
Teva to lay off 500 in Hungary - report

Reports in the Hungarian media say that Teva plans to sell or close down one of its Hungarian plants by the end of 2018.

17/05/2017 14:43 Healthcare Globes correspondent
Ahead of merger Delek units report higher profit

The Delek Group gas partnerships made a $78.9 million profit in the first quarter, up 23%.

17/05/2017 14:33 Energy Globes correspondent
New home sales in Israel fell 16% in 2016

The steep drop is attributable to a drastic fall in property purchases by investors, the Finance Ministry chief economist reports.

17/05/2017 14:07 Real estate Hillel Koren
Magic reports higher profit

The Israeli software company's was up 36% to $60.8 million.

17/05/2017 13:17 IT Globes correspondent
Comptroller: Tamar gas agreement cost IEC $2b too much

The State Comptroller has found costly faults in Israel Electric Corp.'s natural gas agreement with the Tamar partners.

17/05/2017 12:12 Energy Nati Yefet
Nano Dimension raises $4m in private placement

Ayalim Trust Funds is investing in the Israeli 3D printed electronics developer.

17/05/2017 11:55 IT Globes correspondent
Shekel gains against dollar, on NIS 3.60 threshold

The Bank of Israel can again be expected to purchase foreign currency to weaken the shekel and assist exporters.

17/05/2017 11:12 Market Globes correspondent
Israel Air Force introduces maritime drones

IAI's maritime version of the Heron 1 UAV will replace Sea Scan patrol aircrafts to protect the coast and offshore gas installations.

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