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27 April 2017

Benjamin Netanyahu, Donald Trump  photo: Reuters Trump expected to visit Israel May 22

If it takes place, the visit will be part of the US president's first foreign tour.

27/04/2017 19:32 Politics Globes correspondent
VC industry Treasury meeting Treasury to smooth tech investment by Israeli institutions

The minister of finance met yesterday with local high tech and investment institution representatives.

Ilan Raviv Photo: Eyal Yizhar Meitav Dash warns XIO on deal violation

Overseas investment fund XIO has 20 days to rectify the violations in the acquisition of Meitav Dash.

27/04/2017 15:42 Financial services Ron Stein
Gil Shwed Check Point beats the analysts again

The company's revenue and net profit grew 8% in the first quarter.

27/04/2017 15:14 IT Shiri Habib-Valdhorn
Eyal Waldman Mellanox results and guidance disappoint

Mellanox is projecting $205-215 million in second quarter revenue, compared with $215 million in the corresponding quarter in 2016

27/04/2017 14:50 IT Shiri Habib-Valdhorn
Eilat Huge Eilat expansion masterplan approved

The plan for Israel's Red Sea resort includes construction of 14,300 homes and 5,400 hotel rooms.

27/04/2017 14:13 Real estate Shlomit Tsur
Shay Ben-David and David Edri Photo: Tamar Matsafi Psagot execs handed jail for bond manipulation

David Edry was sentenced to 54 months in prison and fined NIS 4.5 million. Shai Ben-David got 30 months.

Shekels Photo: Shutterstock Shekel weakens as US tax cuts unveiled

Optimism in Europe after the French elections and fear that US corporate tax cuts will cause Israeli companies to move revenue abroad are weakening the shekel.

27/04/2017 10:28 Market Globes correspondent
Donald Trump Photo: Reuters US tax cuts to hit Israeli tax collection hard

Tax experts warn that President Trump's corporate tax cut will spark an exodus of revenue from Israel.

27/04/2017 08:57 Economy Ela Levi-Weinrib

26 April 2017

Log intelligence co OverOps raises $30m

The Israeli company enriches log files with an intelligence layer that diagnoses every error.

26/04/2017 21:36 Start ups Globes correspondent
Israeli taxi app Gett buys Juno for $200m

Gett CEO David Waiser said that the company will be looking to raise more capital this year.

IBM Israel, Watson IoT, Harman develop "smart room"

The rooms, ideal for hotels and hospitals, will answer questions and respond to orders.

26/04/2017 17:47 IT Idan Rabi
Teva confirms CFO Eyal Desheh's departure

The Israeli pharmaceuticals company said a new CEO will first be appointed who will help find the new CFO.

26/04/2017 17:42 Healthcare Globes correspondent
Bezalel campus approved near Russian compound

The planned 45,000-square meter building will help revive Jerusalem city center.

26/04/2017 17:13 Real estate Guy Nardi
Agro-tech fund Finistere seeks Israeli investments

Finistere has appointed two Israeli partners and will also invest in companies through its Radicle accelerator.

26/04/2017 16:27 Start ups Tali Tsipori
Fitch reiterates Israel's A+ rating

Despite improvement in Israel's debt-GDP ratio, it is still a weak point in Israel's credit rating.

26/04/2017 15:40 Economy Globes correspondent
Teva mulls sale of oncology drug division - report

Teva is considering selling its cancer treatment portfolio in order to reduce its growing debt, "Bloomberg" reports.

26/04/2017 15:10 Healthcare Globes correspondent
Foresight teams with Chinese carmaker JAC

The Israeli smart car company will conduct trials for its software solutions for advanced driver assistance systems (ADAS) and autonomous driving apps 

26/04/2017 14:42 IT Kobi Yeshayahou
AI medical imaging co AIDoc raises $7m

The Israeli company uses artificial intelligence to diagnose medical images including CTs and MRIs.

26/04/2017 14:22 Healthcare Idan Rabi
Vonetize jumps on African VOD talks

The company announced it was negotiating for the supply of its content services.

26/04/2017 13:10 Market Globes correspondent
Cellcom offers quadruple package for NIS 249 monthly

The new family package includes 3 mobile phone lines, landline, TV and Internet.

26/04/2017 12:19 Market Gad Perez
Alcobra battles Brosh fund takeover

Brosh Capital is seeking to replace the Alcobra board of directors with its own directors.

26/04/2017 11:33 Healthcare Gali Weinreb
Israeli startup raising dips in Q1 2017

Israeli startups raised $1.03 billion in the first quarter of 2017, down 8% from the corresponding quarter of 2016, IVC-ZAG reports.

26/04/2017 11:08 Start ups Globes correspondent
Tender issued for 2,500 Rishon homes in Tzrifin

Tenders were also closed in Beer Sheva, Netanya, Sakhnin, and Givat Olga.

26/04/2017 07:35 Real estate Ori Chudy
Gett in talks to buy taxi app co Juno for $250m - report

The Israeli taxi hailing app is in advanced negotiations with New York based Juno, "Techcrunch" reports.

26/04/2017 06:40 Start ups Globes correspondent
Tourist hotel overnights up 30% in March

Hotel occupancy in Israel rose from 54% in March 2016 to 64% in March 2017.

26/04/2017 06:35 Tourism Michal Raz-Chaimovich

25 April 2017

Economy Ministry demands importers explain high prices

Unilever, Schestowitz, and Diplomat have until mid-May to explain the big gaps between Israeli and overseas toiletries prices.

25/04/2017 18:05 Economy Michal Raz-Chaimovich
Teva CFO Eyal Desheh to step down

Desheh's appointment as chairman of Isracard is likely.

25/04/2017 17:44 Healthcare Globes correspondent
Israel Chemicals to sell IDE stake

Buyers including Clal Insurance are prepared to pay $175 million for ICL's 50% stake in the desalination company. 

25/04/2017 17:41 Energy Ron Stein
Delek units to offer 10% of Tamar

Delek Drilling and Avner will use the proceeds to issue a dividend to their investors.

25/04/2017 17:11 Energy Nitzan Cohen
Cloud security solutions co Twistlock raises $17m

Twistlock's unique approach to application security uses machine learning to automatically create and enforce security models.

25/04/2017 16:01 Start ups Tali Tsipori
Kikar Hamedina plans embroiled in objections

It is alleged that cancelation of the tunnel beneath Kikar Hamedina will create unbearable traffic jams.

25/04/2017 15:44 Real estate Ori Chudy
Israeli HR platform co Hibob raises $17.5m

The company, with offices in Tel Aviv and London, has raised $25 million to date.

25/04/2017 15:33 Start ups Tali Tsipori
Rishon officials held for "fictitious events" fraud

The fictitious billing allegedly included events for the religious public, such as religious lessons in community centers, and inauguration of a Torah scroll.

25/04/2017 13:41 Legal Chen Ma'anit
Huge demand for Jaffa Port apartments land

16 bids were submitted in the tender for the 1.175-acre lot near Mayumana House.

25/04/2017 12:59 Real estate Ori Chudy
GamePoint buys Israeli co Luck Genome

Dutch game developer GamePoint will pay $12.5 million for the social casino games company, which will become its Israel R&D center.

Hapoalim may distribute Isracard as dividend in kind

The bank would prefer to sell Isracard, but there is a shortage of buyers.

25/04/2017 12:22 Financial services Irit Avissar
Institutions stampede Oil Refineries offering despite labor dispute

The total debt offering is being expanded to NIS 700 million, and it will be entirely dollar-denominated.

25/04/2017 11:52 Energy Nitzan Cohen
Uncertainties cloud Kahlon's family aid program

There are conflicting tax collection forecasts within the Ministry of Finance, as well as constraints on the spending side.

25/04/2017 11:23 Economy Amiram Barkat
Hapoalim raises dividend rate

From the first quarter of 2017, Bank Hapoalim will distribute 40% of its net profit as a dividend, instead of 30% previously.

25/04/2017 09:43 Financial services Hillel Koren

24 April 2017

Israel indicts teenager over US JCC threats

The 18 year-old is suspected of extortion, computer offenses, money laundering, carrying an illegal weapon, and more.

24/04/2017 20:39 Legal Chen Ma'anit
Clal Industries in talks to sell Israel Shipyards stake

Clal Industries has held 19% of Israel Shipyards' shares for 20 years.

24/04/2017 18:08 Market Aviv Levy
Perrigo lays off 20 in Israel

Perrigo, which has 1,150 employees in Israel, is cutting 750 jobs worldwide.

24/04/2017 16:18 Healthcare Shiri Habib-Valdhorn
Haifa urban renewal project approved

Three 25-floor buildings will replace 74 old apartments in the Neve Daniel neighborhood.

24/04/2017 15:49 Real estate Ori Chudy
Histadrut calls off public sector strike

The Finance Ministry has backed down and agreed that all Israel Broadcasting Authority employees will be taken in by the new corporation.

24/04/2017 15:20 Politics Amiram Barkat
Chinese workers won't build over Green Line

The Foreign Ministry says the 20,000 construction workers will not work over the Green Line for security rather than policy reasons.

24/04/2017 14:13 Real estate Shay Niv
TASE rises in line with Europe

The results of the first round of the French presidential election have given a boost to financial markets.

24/04/2017 10:44 Market Moshe Golan
Teva launches asthma product with generic version

Teva's AirDuo RespiClick and its generic equivalent will compete against GSK's Advair which has annual sales of $2 billion.

24/04/2017 09:50 Healthcare Gali Weinreb

23 April 2017

Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Givatayim, Ramat Gan, Hod Hasharon and Haifa.

23/04/2017 16:11 Real estate Ori Chudy
Sdema's smart documents sound alarm on theft

The Israeli company's system works like the security pins attached to clothing that beep when removing items from stores.

23/04/2017 15:01 IT Yuval Azulai
Home sales in Israel fall in February

8,800 homes were sold in February, 9% fewer than in January and 7% fewer than in February 2016, the Finance Ministry reports. 

23/04/2017 13:55 Real estate Ori Chudy
Drug delivery co SteadyMed raises $30m

The company's leading drug candidate is Trevyent for the treatment of Pulmonary Arterial Hypertension (PAH).

23/04/2017 13:38 Healthcare Gali Weinreb
Mortgage rates rise halts

The average interest rate on index-linked mortgages fell from 3.93% in March to 3.88% in April.

23/04/2017 13:23 Financial services Amit Bar
Court approves High Q acquisition

Global University Systems has undertaken to find an immediate solution for High Q's students and to employ 90% of its workers.

23/04/2017 12:55 Economy Shany Moses
Car radar sensor co Arbe Robotics raises $2.5m

The Israeli company's radar facilitates 4D imaging real-time mapping at distances up to 300 meters.

23/04/2017 12:27 Start ups Eitan Baigel
Public sector general strike to begin Tuesday

Histadrut chairman Avi Nissenkorn has again threatened a strike  over the public broadcasting controversy.

23/04/2017 12:08 Employment Yossi Nissan
Fox to set up chain of Nike stores in Canada

Nike Canada Corp. has awarded Fox-Wizel unit Retailors a seven-year license.

23/04/2017 11:25 Retailing Globes correspondent
Teddy Sagi delisting Market Tech from LSE

Sagi's privately held LabTech Investments has made an offer at a 30% premium to buy the 29% of Market Tech it does not already own.

Delek takes over Canada's Ithaca Energy

Over 70% of Ithaca's other shareholders accepted Delek's offer. Delek will pay about CA$ 470.5 million for their shares.

20 April 2017

Kardan NV trying to drum up interest in Tahal

Kardan NV initially sought a €200 million valuation for its engineering subsidiary, but it mat have to settle for €100 million or less.  

20/04/2017 21:25 Basic industries Omri Cohen
MannKind restructures debt to Deerfield

Since listing in Tel Aviv in 2015, US pharmaceuticals company MannKind has lost 95% of its value.

20/04/2017 20:47 Healthcare Gali Weinreb
BoI: Growth may have accelerated in Q1

The Bank of Israel Monetary Committee gave a generally optimistic assessment of the economy in its interest rate discussion for April. 

20/04/2017 18:05 Economy Amiram Barkat
Measure to fit co Invertex raises $2m

The Israeli company provides scan-to-fit guided shopping experience platforms that combine advanced 3D-digitization and deep-learning technologies.

20/04/2017 16:41 Start ups Globes correspondent
Xfone 018 becomes Israel's 6th mobile operator

Hezi Bezalel: The model allowing us to share Cellcom's network has enabled us to enter the market.

20/04/2017 16:11 Telecoms Gad Perez
Teddy Sagi buys 2 Herzliya penthouses

The pair of apartments in the Ritz-Carlton hotel will cost the Israeli billionaire NIS 32 million.

20/04/2017 15:36 Real estate Shiri Dover
Bank of Israel backs Kahlon's tax cuts

However, the Bank of Israel is concerned that the cost will require the government to find extra funding sources.

20/04/2017 13:49 Economy Hillel Koren
SAS to launch Stockholm - Eilat route

Scandinavian Airlines will fly to Israel's Red Sea resort from October.

Triple C offers NIS 50 Internet TV package

The Israeli smart TV company is also offering TV, ISP and infrastructure services for NIS 100 per month.

NASA launches Israeli students' research satellite

Duchifat-2, developed by 180 high school students, will measure the plasma density of the thermosphere.

20/04/2017 11:28 Economy Gali Weinreb
Armenia Aircompany launches Tel Aviv flights

Ural Airways has also launched a new route between Tel Aviv and the southern Russian resort of Sochi.

20/04/2017 10:57 Tourism Globes correspondent
Mizrahi to be 2nd biggest bank in branch terms

Streamlining plans show that Mizrahi Tefahot is set to surpass Leumi and Discount Bank.

20/04/2017 10:02 Financial services Irit Avissar
Supreme Court upholds CNR TA light rail car win

France's Alstom and Spain's CAF who appealed the decision, will have to pay NIS 75,000 each in court costs.

Kahlon cancels import taxes on smartphones

From next Sunday, mobile phones will cost hundreds of shekels less.

20/04/2017 06:49 Economy Globes correspondent
IAI mulls teaming with China's AVIC on exec jets

Aviation Industry Corporation of China is the country's largest defense and aerospace company.

19 April 2017

High Court rules Tel Aviv stores can open Sabbath

Supermarkets, entertainment centers, and pharmacies will be allowed to operate in Tel Aviv from Friday sunset to Saturday sunset.

19/04/2017 19:41 Legal Globes correspondent
BioLight to sell IOPtima to Chinese co

BioLight will sell its stake in IOPtima in installments at a company value of $30-56 million.

19/04/2017 19:07 Healthcare Gali Weinreb
Israeli co MeMed wins $9.2m Pentagon contract

MeMed accurately distinguishes between bacterial and viral infections based on the patient immune response.

19/04/2017 18:55 Healthcare Globes correspondent
3 Chinese cos bid to operate TA light rail

All the Chinese companies are government owned and part of consortiums with Israeli companies. 

Israeli cloud security co Dome9 raises $16.5m

Japan's Softbank led the investment in the Tel Aviv based company and it will distribute products in Japan.

19/04/2017 16:01 Start ups Tali Tsipori
Haim Katz could be questioned in IAI bribery probe

Israel Police have sought approval from Attorney General Dr. Avichai Mandelblit to question under caution Welfare Minister Haim Katz.

Kahlon: No coalition anger on tax cuts

The Finance Minister believes his program to lower the cost of living will be passed "as is" even though he did not consult with the Prime Minister.

19/04/2017 12:19 Economy Globes correspondent
Shekel loses more ground

The shekel fell 1.4% against sterling after UK Prime Minister Theresa May called a snap election.

19/04/2017 12:12 Market Globes correspondent
Israeli startup improves beer with online data

WeissBeerger is bringing high-tech to the local bar with its unique Internet brew.

19/04/2017 11:00 Start ups Eitan Baigel
212 Jerusalem homes to be built over green line

The homes will be built in the East Jerusalem neighborhoods of Pisgat Zeev and Ramat Shlomo, Army Radio reports.

Permira Fund prepares Netafim IPO

Permira wants to offload its 66% stake in the Israeli irrigation developer at a company value of $1.5 billion.

19/04/2017 07:53 Market Ron Stein
Kahlon tax cuts rile Likud

Political circles believe that the Finance Minister did not coordinate details of the plan with Prime Minister Benjamin Netanyahu.

19/04/2017 07:05 Economy Shay Niv
SeatGeek buys Israeli ticketing co TopTix for $56m

TopTix, which processes 80 million tickets annually in 16 countries, will continue operating in Israel.

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