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17 October 2017

Swiss francs Photo: Shutterstock Israelis hold 2.5% of foreign assets in Switzerland

A recent study by the US National Bureau of Economic Research (NBER) mapped the use of tax shelters by residents of various countries.

17/10/2017 18:44 Financial services Irit Avissar
Shabtai Adlersberg AudioCodes signs British Telecom deal

The Israeli company will provide solutions for connectivity between IP networks.

17/10/2017 18:31 IT Shiri Habib-Valdhorn
Ben Gurion University Photo: Eyal Yitzhar BGN launches autonomous underwater vehicle

Developed at Ben Gurion University's Laboratory for Autonomous Robotics, HydroCamel II will assist the military, security, oil and gas sectors.

17/10/2017 18:06 IT Globes correspondent
Tal Gollan Photo: PR Premature ejaculation treatment co Virility raises NIS 3m

The Israeli company has developed an electrical stimulation patch for treating premature ejaculation, which is operated by a smartphone app.

17/10/2017 17:43 Healthcare Gali Weinreb
Eyal Lifschitz Photo: BlueVine Fintech co BlueVine raises $130m

The Israeli company, which provides online loans to small and medium-sized businesses, has raised the debt financing from banks and investors.

17/10/2017 15:00 Start ups Globes correspondent
IAI sets up Korean JV Photo: PR IAI sets up Korean JV for vertical takeoff drones

Israel Aerospace is establishing a joint venture with Hankuk Carbon to develop vertical takeoff UAVs.

Shekels Photo: Shutterstock Shekel weakens as rate moves above NIS 3.50/$

After gaining ground due to the unexpected September CPI reading, the Israeli currency is slipping today.

17/10/2017 12:14 Market Globes correspondent
CollPlant tobacco greenhouse, photo:PR CollPlant moves ahead on printing human organs

The company has announced a six-month agreement with "a leading medical instruments company" to develop a prototype biological implant.

17/10/2017 09:38 Healthcare Gali Weinreb

16 October 2017

More disruptions at Ben Gurion Airport

After this morning's wildcat strike by temporary workers, a personnel shortage at QAS, which provides ground services to airlines, delayed flights this evening.

16/10/2017 19:27 Tourism Michal Raz-Chaimovich
Coca Cola fails to dissuade Israel Tax Authority on huge debt

The Tax Authority's disputed assessment for Coca Cola amounts to hundreds of millions of shekels.

16/10/2017 19:23 Legal Ela Levi-Weinrib
Lebanon awards exploration license bordering Israeli waters

Israel and Lebanon are in dispute over the line between their exclusive economic zones.

Salinger to require responsible investments disclosure

Social Finance CEO: This is a revolutionary measure that will change the situation in Israel.

16/10/2017 17:38 Financial services Ron Stein
Intel Israel setting up AI center

The new artificial intelligence center is hiring dozens of employees to work at Intel's Ra'anana and Haifa campuses.

16/10/2017 17:34 IT Yuval Azulai
Samsung Galaxy Note 8 boosts Suny

The company today reported the sale of 18,000 devices for NIS 55 million in less than a month.

16/10/2017 17:11 Market Kobi Yeshayahou
Knesset to discuss binary options bill next week

The bill outlawing binary options trading by Israeli companies will have its second and third readings next week.

16/10/2017 16:26 Legal Tal Schneider
UN warns Bezeq on settlements

The UN letter lists 40 infrastructure installations maintained by Bezeq in Judea, Samaria, the Golan Heights, and East Jerusalem.

16/10/2017 15:57 Politics Tal Schneider
Israel's housing market continues to cool

Only 8,300 housing units were sold in August, one of the lowest figures in the past decade, the Ministry of Finance reports.

16/10/2017 15:55 Real estate Ori Chudy
"Teva unlikely to remain priced below Mylan"

As Teva's share price plunges to a 15-year low, Leader Capital Markets analyst Sabina Levy provides some perspective.

16/10/2017 13:18 Healthcare Shiri Habib-Valdhorn
Hong Kong-based fund holds 14% of Telit

Run Liang Tai took advantage of the drop in the share price to increase its holdings.

16/10/2017 12:18 IT Shiri Habib-Valdhorn
Two senior IDF officers among suspects in new graft affair

Israel Police arrested twelve people this morning in connection with alleged fraud in the supply of services to IDF bases.  

16/10/2017 11:56 Legal Ela Levi-Weinrib
Meitav Dash buys Bank of Jerusalem brokerage portfolio

The bank is retaining a Tel Aviv Stock Exchange member.

Israel improves slightly in global bribery-risk ranking

Israel is in 32nd place in the current TRACE International Bribery Risk Matrix, which is topped by Sweden.

16/10/2017 10:19 Economy Ran Dagoni, Washington

15 October 2017

Netanyahu supports tax cuts for NIS 20,000-30,000 bracket

The measure is designed to prevent higher earners in high tech from emigrating to the US. 

15/10/2017 21:03 Economy Amiram Barkat
CPI up 0.1% in September

The reading is higher than market expectations, which had forecast a fall in prices. Housing prices continue to rise.

15/10/2017 18:43 Economy Amiram Barkat
Labor court freezes Negev Ceramics layoffs for 10 days

The workers and company management have been ordered to neogtiate about the company's recovery over the next 10 days.  

15/10/2017 17:04 Employment Globes correspondent
Israeli Cabinet approves "political jobs bill"

Shaked: The cabinet has proved that governability and professionalism go hand-in-hand.

15/10/2017 16:09 Politics Tal Schneider
Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Holon, Ra'anana, Beersheva and Sderot.

15/10/2017 15:57 Real estate Ori Chudy
Israel Electric Corp to raise NIS 2b bond

IEC will expand its Series 28 and Series 29 bonds first issued in March 2017.

15/10/2017 13:32 Energy Sonia Gorodeisky
Israel Aerospace unveils mine clearing system

AMMAD MK II safely neutralizes land-based magnetic mines and improvised explosive devices (IEDs).

H&O awarded Israel franchise to operate Reserved stores

H&O will invest NIS 70 million in opening branches of the Polish fashion chain.

15/10/2017 13:12 Retailing Globes correspondent
Nakash Bros set to open Jaffa boutique hotel

Located near the clock tower in Jaffa, the Setai Hotel is scheduled to open in January 2018.

Flug: In our neighborhood we must prepare for shocks

Speaking to CNN's Richard Quest in Washington, Governor of the Bank of Israel Karnit Flug said Israel needed to do more to promote inclusive growth.

15/10/2017 11:03 Economy Amiram Barkat

11 October 2017

App controlled paper plane co Powerup Dart raises $1.2m

The Israeli company has run one of the most successful ever campaigns on Kickstarter.

11/10/2017 16:25 Start ups Amit Bernstein
Alibaba to open Israel R&D center

The Chinese ecommerce giant is opening seven R&D labs around the world including one in Tel Aviv.

11/10/2017 14:51 IT Globes correspondent
Israel Aerospace wins helicopter SATCOM deal

The follow-on contract with a key customer includes several dozens of airborne terminals and ground segments for medium and heavy lift helicopters.

IMF raises growth forecast for Israel's economy

The IMF also sees prices rising 0.2% in Israel this year after three years of negative inflation.

11/10/2017 09:17 Economy Amiram Barkat

10 October 2017

Analysts embarrassingly misread Teva's direction

Back in July 2015, most analysts had a target price well above Teva's then share value of $62.

Radcom signs NFV agreement, believed to be with Verizon

The agreement's value is likely to exceed that of Radcom's agreement with AT&T.

10/10/2017 18:32 IT Shiri Habib-Valdhorn
Belgium suspends financial support for Palestinian schools

The Belgian Foreign Ministry is protesting the renaming of an elementary school south of Hebron after a notorious terrorist.

10/10/2017 17:05 Politics Tal Schneider
Barclays downgrades Mellanox

Mellanox was "the most limited with regard to surprising us to the upside over the next 12-18 months."

10/10/2017 16:16 IT Shiri Habib-Valdhorn
Israeli co Azura Ophthalmics raises $16m

The Tel Aviv based company's dry eye treatment is preparing for a Phase IIa trial, having shown efficacy in an initial clinical proof of concept study.

10/10/2017 15:29 Healthcare Globes correspondent
3M sells Israeli subsidiary to Apax for $200m

The electronic monitoring business will be renamed Attenti, the name of the Israeli company that was acquired by 3M in 2010 for $230 million.

10/10/2017 14:27 Mergers & acquisitions
Israel Aerospace signs deal to maintain Wizz Air aircraft

IAI Bedek's services will facilitate minimal ground time between flights and maximize operational and economic effectiveness.

Israeli co Roboteam unveils TIGR tactical military robot

TIGR is a highly mobile, all-weather system capable of operating in any terrain, which incorporates best-in-class day and night vision and six HD video cameras.

09 October 2017

Billionaire Martin Schlaff invests in CollPlant

It was announced last month that Schlaff's company would invest $5 million in CollPlant, propelling the company's market cap up to NIS 85 million.

Long-term care insurance premiums set to rise

The increase is likely to be particularly steep for older people.

09/10/2017 18:38 Healthcare Ron Stein
Mazor Robotics sells 22 systems in Q3

The spinal surgery systems company posted a record $17 million in revenue.

09/10/2017 16:40 Healthcare Gali Weinreb
Swiss pharma co Lonza opening Haifa innovation center

The new center will be located in Haifa Economic Corporation's life sciences park.

09/10/2017 16:01 Healthcare Gali Weinreb
MannKind, Celsion shares skyrocket before TASE delisting

The shares have nevertheless not made up the ground lost in the two years during which they were listed on the TASE.

09/10/2017 15:21 Healthcare Gali Weinreb
Orad to build 4 Negev solar power stations

Orad will build, maintain, and operate the plants for Shikun & Binui for 10 years, for NIS 120 million.

09/10/2017 14:18 Energy Aviv Levy
Israeli co DouxMatok aims to cut sugar consumption 40%

Targeted flavor delivery developer DouxMatok recently raised $8.1 million from Pitango.

09/10/2017 13:42 Healthcare Gali Weinreb
"My intuition says Teva will get out of this"

Copaxone co-inventor Prof. Michael Sela talks to 'Globes" about what makes it a special drug.

09/10/2017 11:04 Healthcare Shiri Habib-Valdhorn
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