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23 November 2014

pharmaceuticals Universal flu vaccine co BiondVax mulls NY IPO

BiondVax is exploring two options - either a conventional offering or listing American Depositary Receipts.

23/11/2014 18:47 Healthcare Gali Weinreb
fiber optics Fiber-optics venture failing to keep customers

50% of customers have abandoned fiber-optics venture Unlimited and returned to Bezeq and Hot.

Israel Military Industries Ori Yogev: IMI privatization moving forward

Market sources estimate that Israel Military Industries is worth NIS 2.5 billion.

Paul Taylor "Young Americans are less supportive of Israel"

Paul Taylor, author of "The Next America," will discuss US generational changes at the Globes 2014 Israel Business Conference.

23/11/2014 14:47 Economy Avi Temkin
Burger King Burger King in talks for Israel return

A group of investors plans converting Burger Ranch outlets into Burger King branches.

23/11/2014 14:20 Retailing Ilanit Hayut
Haaretz building "Haaretz" set for more layoffs

Publisher Amos Schocken has offered employees voluntary early retirement.

Israel Chemicals Israel Chemicals raises $800m bond

The proceeds from the offering will be used to repay short-term loans.

Moti Ben-Moshe and Eduardo Elsztain IDB stocks plunge after Adama pulls offering

Discount Investment and IDB Development are sharply down in an otherwise stable market.

23/11/2014 11:54 Market Globes correspondent
Chen Lichtenstein Adama CEO: We'll wait for better market conditions

Chen Lichtenstein said the company was not prepared to lower the price of its US share offering.

23/11/2014 11:12 Chemicals & plastics Omri Cohen
Osem  picture: Eyal Yitzhar Osem reports higher revenue, stable profit

Food company Osem's third quarter sales turnover totaled NIS 1.128 billion, up 4.2%.

23/11/2014 10:48 Market Kobi Yeshayahou

22 November 2014

Treasury: Fitch outlook downgrade no surprise

Fitch has cut its outlook for Israel's foreign currency debt rating from Positive to Stable.

22/11/2014 22:25 Economy Amiram Barkat

20 November 2014

Adama to cancel NY offering

Demand from US institutions has been low at the offering price that Adama seeks.

20/11/2014 19:00 Chemicals & plastics Omri Cohen
Jerusalem terror hits tourism

Jerusalem Hotel Association director: Occupancy rates have plummeted by almost 50%.

Mobileye rises on strong Q3 results

The vehicle collision avoidance technology developer saw revenue skyrocket 70% in the third quarter.

Emerging markets: obstacles and opportunities

The "Emerging Markets and the EBRD Region" session at the 2014 Globes Israel Business Conference will discuss growth in China, India and Brazil.

20/11/2014 15:37 Economy Globes correspondent
"Not developing Leviathan costs state $3b a year"

Noble Energy Israel manager Binyamin Zomer said Leviathan production had already been delayed from 2016 to 2018.

20/11/2014 15:32 Energy Hedy Cohen
Perrigo to raise $900m in NYSE secondary offering

The company will use the offering to help finance the $4.5 billion acquisition of Omega Pharma.

20/11/2014 14:46 Healthcare Shiri Habib Valdhorn
Histadrut halts Ben Gurion Airport sanctions

Israel Airport Authority workers are protesting the Ministry of Finance's decision to charge royalties.

Blackhawk to invest up to $60m in Globe licenses

Blackhawk Partners has signed an MOU to invest in energy exploration and development at Ofek, Yahel and Bar-Or.

20/11/2014 14:01 Energy Hillel Koren
Tel Aviv University's Ramot raises $23.5 million

Singapore's Temasek, India's Tata and SanDisk have invested in the technology transfer company's Momentum Fund.

20/11/2014 13:16 Start ups Gali Weinreb
Israel Discount Bank profit falls

Third quarter profit in 2014 was NIS 234 million, down from NIS 274 million in the corresponding quarter.

Shekel loses more ground against dollar

FXCM Israel: The calmer security situation yesterday has helped moderate the weakening of the shekel.

20/11/2014 11:11 Market Yossi Nissan
Recommending investment instruments

The "Where to Put the Money" session at the 2014 Globes Israel Business Conference will discuss investment options.

20/11/2014 10:41 Economy Globes correspondent
Tamar partners to invest $2b to expand production

The investment will enable gas exports to Union Fenosa's installation in Egypt.

Spencer Equity Group raises only NIS 200m on TASE

The US real estate developer had been seeking to raise NIS 400 million in the institutional and public tenders.

20/11/2014 09:18 Real estate Omri Cohen
Energy minister approves Karish and Tanin boundaries

Italy's Edison and other European and US energy companies are interested in buying the fields from Delek and Noble Energy.

20/11/2014 08:33 Energy Hedy Cohen

19 November 2014

Treasury orders cuts in Hebrew University pensions

This is the first time the Finance Ministry has demanded a cut in unfunded pension benefits at any public institution.

19/11/2014 18:30 Economy Eli Tsipori
Treasury sees 18% rise in tax exemptions

The best known reason for the increase in exemptions is Minister of Finance Yair Lapid's 0% VAT bill.

19/11/2014 18:30 Economy Amiram Barkat
Andbank buys controlling stake in Sigma

The Spanish bank has been searching for a foothold in the Israeli market for some time.

Adama set for NYSE IPO this week

The crop protection provider will try to raise over $400 million.

19/11/2014 18:08 Israeli stocks on Wall St
Locker quits as head of Prime Minister's Office

Harel Locker handled the cabinet's staff work on socioeconomic issues.

19/11/2014 15:22 Politics Lilach Weissman
UBS: Competition still weighs on Israel's mobile cos

UBS Analyst Roni Biron sees the sector continuing to struggle without mergers being permitted.

19/11/2014 15:05 Market Gad Perez
My Size execs to receive bonuses for NYSE offering

The company plans to raise $10 million on the NYSE MKT small shares exchange.

19/11/2014 14:56 IT Shiri Habib-Valdhorn
US tax authority targets Israeli investment funds

The institutions being targeted advised customers to open accounts in tax havens.

19/11/2014 12:34 Legal Ran Dagoni, Washington
Shekel stable despite tense security situation

FXCM Israel: It's difficult to see what could halt the strengthening of the dollar against the shekel.

19/11/2014 12:17 Market Yossi Nissan
Profit up at First Int'l Bank

The bank will distribute a dividend of NIS 55 million.

18 November 2014

India cancels Israel Military Industries boycott - report

US "Defense News" reports that the way is now open for IMI to win a battle tank development project.

Powermat names Thorsten Heins CEO

Heins formally served as Blackberry CEO, as the Israeli wireless charging company looks to expand global business.

18/11/2014 17:49 Start ups Tzahi Hoffman
IEC to restrict electricity to Palestinian Authority

The Palestinian Authority owes the Israel Electric Corp. NIS 1.7 billion.

18/11/2014 16:43 Politics Globes correspondent
Former Leumi UK CEO handed 8 years in prison

Miki Friedman was convicted of stealing NIS 30 million from Bank Leumi.

Moving towards a better healthcare system

The "Finger on the Pulse" session at the 2014 Globes Israel Business Conference will discuss the German Committee findings.

18/11/2014 15:54 Healthcare Globes correspondent
Outbrain signs major deal with Time

The US media giant expects to generate $100 million by using the Israeli content recommendation company's solutions.

18/11/2014 15:14 Start ups Idan Rabi
Delek units raise Aphrodite gas estimate

The estimate for Cyprus's Aphrodite field has been raised from 113 BCM to 127 BCM.

18/11/2014 14:49 Energy Hedy Cohen
El Al pilots deny calling wildcat strike

Pilots: El Al is blaming the pilots for its shortage of staff to avoid claims from passengers.

Personalized video ad co Eyeview raises $15m

Eyeview strives to fuse the effectiveness of TV video branding with the efficiencies of digital personalization.

18/11/2014 13:10 Start ups Globes correspondent
Histadrut declares work dispute over minimum wage

Histadrut chairman Avi Nissenkorn threatens to call a general strike in two weeks.

18/11/2014 12:36 Economy Yossi Nissan
Mizrahi Tefahot reports slight rise in profit

The bank reported record quarterly revenue of NIS 1.3 billion in the third quarter.

Terror and coalition crisis weigh on shekel

FXCM Israel: Investors are losing faith in Israel's political-economic leadership.

18/11/2014 11:03 Market Hillel Koren
Four killed in terror attack on Jerusalem synagogue

Three of those killed were dual Israeli-US citizens. The fourth victim held dual Israeli-British citizenship.

Elbit wins German Air Force protection systems deal

The contract with DIEHL BGT Defense is for Elbit's Multi-Spectral Directed Infrared Counter Measure (DIRCM) systems.

17 November 2014

Govt offers IEC incentive to sell power plant

The government will reduce Israel Electric Corp's debt if it sells a power station.

Bezeq set to lose fixed-line monopoly

Outgoing Communications Minister Gilad Erdan is opening the fixed-line market to competition.

17/11/2014 18:51 Market Gad Perez
The future of Israel's labor market

The labor market session at the "Globes" Israel Business Conference will discuss eroding incomes and low productivity.

17/11/2014 17:09 Economy Globes correspondent
Rishon Lezion has highest average household income

The Central Bureau of Statistics surveyed household income and expenditure in Israel's 14 largest cities.

17/11/2014 16:43 Economy Kobi Yeshayahou
Israel Chemicals may keep magnesium plant going

Israel Chemicals now says that the government's plans may enable it to keep operating the plant beyond 2017.

Israelis win PayPal Battle Hack grand prize

Shai Mishali and Pavel Kaminsky developed AirHop, making it possible to send messages in areas with no cellular reception.

Mellanox components chosen for fastest computers

The US Department of Energy hopes to develop computing systems that will be 20-40 times faster than todays supercomputers.

17/11/2014 15:50 IT Shiri Habib-Valdhorn
Public losing faith in 0% VAT housing plan

Responses to Yair Lapids flagship program have gone from enthusiastic to skeptical in seven months.

17/11/2014 15:34 Real estate Ori Chudy
Shekel weakens slightly

FXCM Israel: The shekel's weakness illustrates the negative sentiment towards the Israeli economy.

17/11/2014 12:42 Market Globes correspondent
Windward, CyberSeal win security innovation award

The Homeland Security and Cyber Security Innovation Competition is organized by Israel's Chief Scientist.

Lapid: I never threatened to leave gov't

Minister of Finance Yair Lapid claims that Prime Minister Benjamin Netanyahu still backs his budget.

17/11/2014 11:10 Economy Globes correspondent
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