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25 April 2018

airbnb Photo: Shutterstock Property management co Guesty raises $20m

The Israel company has grown rapidly and wants to replicate its success in the urban short-term rental sector within the vacation rental market.

Gil Sharon Photo: Tamar Matsafi Golan Telecom unveils NIS 29 monthly plan

The entry of Xfone's We4G has boosted competition in the mobile phone market.

25/04/2018 18:01 Market Gad Perez
Nir Bar-Lev Photo: Allegro.ai Israeli deep learning co Allegro.ai raises $7m

The company's deep learning and computer vision platform is in the beta-site stage and Allegro.ai is already working with some large customers.

25/04/2018 17:02 Start ups Yasmin Yablonko
Startups Photo: Shutterstock Israeli big data co ScyllaDB raises $10m

ScyllaDB will use the Investment to accelerate entry into the database-as-a-service (DBaaS) market.

25/04/2018 14:19 Start ups Nati Yefet
Gil Shwed Check Point tumbles on lower guidance

Check Point CEO Gil Shwed said, “The global cyber threat landscape is becoming increasingly sophisticated.

25/04/2018 13:40 IT Shiri Habib-Valdhorn
WeQ team Photo: PR Mobile ad tech co WeQ seeks Israeli M&As

The company has raised $50 million for investments and CPO Dr. Steffen Wachenfeld will be in Tel Aviv in June looking for Israeli investments.

25/04/2018 12:35 IT Globes correspondent
El Al CEO Gonen Usishkin Photo: Sivan Faraj El Al employee benefits discriminate against non-biological children

Common-law and same-sex couples are being required to present a court document proving conjugality in order to obtain free tickets for children up to age 50.

25/04/2018 11:51 Tourism Michal Raz-Chaimovitch
medical cannabis Yamco-Yadpaz to supply irrigation equipment to Together unit cannabis greenhouses

Together unit Globus Pharma is setting up 25 acres of greenhouses outside of Israel for medical cannabis.

GamEffective Photo: PR Workforce performance co GamEffective raises $11m

GamEffective uses gamification and real-time feedback to transform productivity, engagement and learning in the modern workplace.

Shekel-dollar ASAP Creative Shekel at weakest for 8-months against dollar

The shekel is again weakening against the US dollar, which is resurgent on global currency markets.

25/04/2018 10:39 Market Globes correspondent
NBA Photo: Reuters Sports tech co PlaySight raises $10m from SoftBank, CE

PlaySight's technology is now used in over 20 countries and across 25 sports, including tennis, basketball, soccer, football and volleyball.

25/04/2018 08:49 Start ups Globes correspondent
Reed Hastings Photo: Netflix Netflix CEO: We won't raise prices or introduce ads

"We only need to make a few things but we need to make them really well," Reed Hastings told "Globes."

24 April 2018

Histadrut slams Teva management over Ashdod plant closure

In the Beersheva District Labor Court, the Histadrut is accusing Teva of falsehood, deceit, and bad faith in the negotiations.

24/04/2018 19:22 Employment Shiri Habib-Valdhorn
Regulator sees problems with Mizrahi Tefahot-Union Bank merger

The Israel Antitrust Authority found that 6,000 customers switched to Union Bank last year, showing its contribution to competition.

24/04/2018 18:36 Financial services Irit Avissar
Strauss suspected of tax evasion in Romania

The Romanian tax authorities are assessing the company for NIS 16.5 million in back taxes and suspect criminal behavior.

24/04/2018 18:09 Legal Shany Moses
Ormat set to complete acquisition of US Geothermal

A large majority of the US company's shareholders supported the $110 million deal.

Former BP CEO joins Israeli co Windward's board

Lord John Browne is joining the Tel Aviv company, which analyzes maritime risks by mapping information about traffic on the seas and oceans.

24/04/2018 16:47 Start ups Nati Yefet
Israel Aerospace teams with Czech co Aero Vodochody on jets

IAI will integrate state-of-the-art avionics and other solutions on Aero Vodochody's L-159 light jet aircraft platform.

25 or 40-floors: Tel Aviv's Kikar Atarim plan sent for review

The Tel Aviv District Court returned the plan to the Protection of the Coastal Environment Committee for discussion.

24/04/2018 15:56 Real estate Shlomit Tsur
Virtual earphones co Noveto recruits Mercedes exec

The company streams personalized music to drivers without earphones.

24/04/2018 12:56 Start ups Dubi Ben-Gedalyahu
Blockchain meets genetic testing: DNAtix raising $30m

DNAtix's use of the blockchain method to pay for genetic tests maintains the total confidentiality of the person giving the sample.

24/04/2018 12:16 Healthcare Gali Weinreb
NIS 1b expansion planned for Ben Gurion Airport Terminal 3

By 2019, annual passenger numbers at Tel Aviv's Ben Gurion Airport are expected to top 25 million.

24/04/2018 12:08 Tourism Michal Raz-Chaimovich
Israeli flights search engine Alice raises $1.5m

The investor is Talma Travel and Tours, owned by Erez Shmul.

24/04/2018 11:26 Tourism Michal Raz-Chaimovich
Mellanox chief Eyal Waldman named "Global Industry Leader"

The award by the Israeli Semiconductor Industry Association will be presented at the ChipEx2018 Executive Summit in Tel Aviv in May.

24/04/2018 10:04 IT Globes correspondent

23 April 2018

Treasury mulls selling Bank Leumi stake

The state's 6% holding is worth NIS 5.83 billion, 30% more than when the Ministry of Finance considered a sale several years ago.

Canada Israel investing £100m in London property

Canada Israel plans to convert an office tower in Wembley to residential apartments.

23/04/2018 18:27 Real estate Shai Shalev
Cabinet allocates NIS 20m for high-tech in Arab sector

NIS 4.5 billion of the NIS 15 billion allocated in December 2015 for investments in the Arab sector has already been spent.

23/04/2018 18:17 Economy Tal Schneider
CollPlant opens Rehovot rhCollagen production plant

The facility is designed for purification of rhCollagen and formulation of end-products, including BioInks for 3D bioprinting and its proprietary tissue repair products.

23/04/2018 17:45 Healthcare Globes correspondent
Israeli fintech co Reach raises $3.5m

The company has developed a platform for remote management of transactions.

23/04/2018 16:48 Start ups Yasmin Yablonko
Israeli new home sales decline continues

Sales were 7% lower than in January and 18% lower than in February 2017.

23/04/2018 16:25 Real estate Ori Chudy
Lod mayor prevents Arabs from buying their homes

The municipality wants to develop the area for tourism.

23/04/2018 15:54 Real estate Shlomit Tsur
Korean fund to invest in Enlivex Therapeutics at $100m value

Enlivex is developing a treatment for Graft-versus-Host disease (GvHD) resulting from bone-marrow transplants.

23/04/2018 15:25 Healthcare Gali Weinreb
Israeli mobile security co SecuredTouch raises $8m

The investment was led by Arvato Financial Solutinos, the German company's first-ever investment in Israel.

Azrieli buys another major lot in central Tel Aviv

The new building is adjacent to the Azrieli Town project under construction south of the Azrieli Center.

23/04/2018 14:21 Real estate Shlomit Tsur
Walmart reps due in Israel this week

The US retail giant is apparently interested in Israeli technologies rather than in opening a local branch.

23/04/2018 14:09 Retailing Shany Moses
QualiTau receives large order from Asian semiconductor co

Meanwhile, shareholders are at odds over the company's future.

23/04/2018 12:45 IT Aviv Levy
Arko Holdings further expands US fuel station business

Through its GPM subsidiary, Arko Holdings has bought or leased 267 fuel station and convenience store sites.

23/04/2018 10:53 Real estate Kobi Yeshayahou
Production software co LeaderMES completes funding round

The round, led by Israeli venture capital fund Firstime, brings the total amount raised by the company to $5 million.

23/04/2018 10:07 Start ups Globes correspondent

22 April 2018

Aroma wins Ben Gurion airport cafes tender

Aroma's bid for the Israel Airports Authority tender included a 30% discount on the prices for coffee called for by the tender.

22/04/2018 21:06 Tourism Michal Raz-Chaimovich
Court orders Bezeq parent co Eurocom to be liquidated

The banks did not accept the bids for Internet Gold by Saidoff and the Neuman brothers.

22/04/2018 17:42 Legal Irit Avissar
Israel's Super-Pharm chain begins selling medical cannabis

Medical cannabis supplier BOL's products at Super-Pharm will be priced at NIS 120-140 per 10 grams.

22/04/2018 17:02 Healthcare Gali Weinreb
Israel Aerospace to choose 3 more cos for startup lab

One of the first three startups in IAI's innovation laboratory has already achieved a technological breakthrough.

Booking.com Israel development center moves to Azrieli Sarona

The online tourist giant is expanding its Israel workforce and leasing half of the 57th floor from Teddy Sagi's LABS shared workspace.

22/04/2018 14:39 Real estate Shlomit Tsur
Saidoff, Neuman brothers bid for Bezeq parent co

The banks are unenthusiastic about the two bids, which are based mostly on Internet Gold's current low market cap.

Jerusalem house by Netanyahu family home sold for NIS 11.5m

The 280 square meter Old Katamon house covers three floors and a basement and includes a 200-sq.m. garden and rights to build another 70 square meters.

22/04/2018 13:24 Real estate Shlomit Tsur
Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Ramat Gan, Givatayim, Modi'in, Netanya, Lod and Beersheva.

22/04/2018 12:12 Real estate Ori Chudy
30 years ago, 30 years hence: Israel by numbers

With over 16 million people expected to be living in Israel when it celebrates 100 years, we take a snapshot of what that will mean.

22/04/2018 12:06 Economy Globes correspondent
Congress members call on US Army to buy Iron Dome

A letter from Congress members Grace Meng and Peter Roskam, co-signed by 40 colleagues, also calls for $500 million to be allocated to development of Israeli missile defense systems.

19 April 2018

Teva, Procter & Gamble terminate OTC venture

The separation follows Procter & Gamble's $4.2 billion acquisition of Merck's consumer health unit.

Stratasys to provide 3D printed parts for Orion spacecraft

NASA's EM-2 mission taking astronauts beyond the moon will use thermoplastic parts printed by the Israeli company in collaboration with Lockheed Martin and PADT.

18 April 2018

Intel CEO attends Israel's 70th anniversary celebrations

Brian Krzanich will witness a special display by Intel's 300 Shooting Star drones at the official Independence Day ceremony in Jerusalem.

18/04/2018 11:22 Economy Globes correspondent
Fitch reaffirms Israel's A+ rating, warns on tax cuts

Fitch also warned against increasing the budget deficit.

18/04/2018 08:29 Economy Amiram Barkat

17 April 2018

Xfone We4G life-long plan tempts 6,000 subscribers in first week

Most of the subscribers - 4,000 switched from other companies - bought the NIS 29 life-long plan with 40 gigabytes.

Mellanox beats forecast as revenue jumps 30%, profit soars

Mellanox CEO: Our record first quarter financial performance is the result of the successful execution of our growth strategy.

17/04/2018 18:39 IT Globes correspondent
Ruth Ofer asking NIS 15m for Ramat Gan penthouse

The 450-meter duplex is on the 38th floor of the City Tower hotel building.

17/04/2018 18:17 Real estate Ori Chudy
IMF sees 3.3% Israel growth in 2018

The International Monetary Fund also predicts that growth in the Israeli economy will rise to 3.5% in 2019 but decline in 2020.

17/04/2018 17:51 Economy Avi Temkin
Israeli legal AI co LawGeex raises $12m

The Tel Aviv-based company's platform is more accurately able to identify risks in some contracts than professional US lawyers.

17/04/2018 17:06 Start ups Nati Yefet
Application visual management co Applitools raises $31m

Applitools will use this investment to fuel market expansion of its artificial intelligence (AI) powered visual testing and monitoring solution by scaling its R&D, operations, and sales.

17/04/2018 16:00 Start ups Globes correspondent
JVP appoints Gadi Porat as Cyber Labs head

Porat joins JVP as a partner after having led Israel’s AT&T Foundry, the American multinational conglomerate’s accelerator.

17/04/2018 14:04 Start ups Globes correspondent
Fox in talks to buy 50% Shilav stake

Ronen Eldad's acquisition of Shilav from its founders was announced only a few weeks ago.

17/04/2018 13:34 Retailing Shany Moses
aMoon raises $200m for second healthtech fund

The fund, led by Marius Nacht and Dr. Yair Schindel, is planned to reach $500 million.

17/04/2018 12:54 Healthcare Gali Weinreb
Transavia to launch Eilat - Amsterdam flights

Flights beginning from November 3 cost €49 in each direction.

17/04/2018 12:22 Tourism Globes correspondent
Shekel weakens after BoI rate call

The Bank of Israel said it does not plan an interest rate hike until the end of 2018.

17/04/2018 11:51 Market Globes correspondent
Alon Group sells remaining Delek US stake to pay bondholders

Alon Group realized $200 million on the sale, after a 70% rise in Delek US's share price in the past year.

17/04/2018 11:17 Energy Omri Cohen
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