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03 August 2015

Bank Leumi branch picture: Tamar Mitzpi Leumi sells 5% Israel Corp stake

The Israel Corp. shares are worth NIS 380-475 million.

03/08/2015 18:28 Market Omri Cohen
Jerusalem rail link Israel Railways begins laying Jerusalem-Tel Aviv tracks

The company began laying tracks on the western section of the line, in the Ayalon Valley region.

Israel Railways Alstom, Bombardier prevail in electric locomotive tender

The merged CSR, CNR Chinese firm seems to have dropped out of the $1.3 billion tender.

Pelephone Pelephone launches pre-paid data plan from NIS 39

The Israeli carrier reported a jump of some 150% in data usage among pre-paid clients in the last quarter.

Copaxone Pfizer teams with Synthon on generic Copaxone

Synthon has filed an application for a generic version of Teva's improved 40mg/mL dosage of the multiple sclerosis drug.

03/08/2015 16:46 Healthcare Adi Ben-Israel
Teva Teva buys 51% stake in US co Immuneering for $60m

The acquisition gives Teva exclusive rights to Immuneerings cutting-edge analytics to advance treatments for diseases of the CNS.

Israeli classroom Local authorities, parents threaten school strike

The strike would protest planned education cuts despite Israel's already overcrowded classrooms.

03/08/2015 15:09 Economy Globes correspondent
Adv. Shlomo Nass Suspicions Nass took $500m Siemens bribe - report

Adv. Shlomo Nass is being questioned under caution by the Israel Securities Authority, reports "Yediot Ahronot."

03/08/2015 14:29 Legal Globes correspondent
Hyundai Vehicle deliveries in Israel up in July

New car deliveries in 2015 are still at record levels.

shekels Shekel gaining ground

FXCM Israel: The dollar is under pressure against the shekel. Falling below NIS 3.75/$ could speed up the fall to NIS 3.73/$.

03/08/2015 11:38 Market Globes correspondent
Blackhawk Elbit awarded European, Asian MUSIC system deals

The infra-red countermeasures airborne multi-spectral self-protection systems contracts expand Elbit's customer base.

Barak Eilam Battery Ventures buys NICE Systems unit for $100m

Having sold its cyber unit to Elbit Systems, NICE Systems is now selling its physical security unit.

Yisrael Katz Katz pledges TA light rail work to proceed smoothly

Transport Minister Yisrael Katz said the Red Line is only the start and all the other lines will be built completely underground.

02 August 2015

Unilever to offer discount coupons to hit Shufersal

Buyers at other supermarkets can use the coupons to get 15-30% discounts.

02/08/2015 19:25 Retailing Ilanit Hayut
Golan Telecom maintains new subscriber lead in July

The Israeli mobile operator market remains as competitive as ever, with virtual carrier Golan Telecom using low prices to retain its customers.

Biomed investment fund MEDX raises $30 million

MEDX, which supports early-stage startups, is an "evergreen" fund which reinvests its profits for philanthropic reasons.

02/08/2015 19:00 Healthcare Gali Weinreb
Flug: Treasury using tricks to lower deficit

Estimates suggest the real deficit target for the 2016 budget may be higher than the figure reported by the Ministry of Finance.

02/08/2015 18:38 Economy Amiram Barkat
Tax Authority plans up to 10 years prison for tax dodgers

A new amendment to Israel's economic arrangements bill classifies all tax evasion as money laundering.

02/08/2015 18:33 Economy Ela Levy-Weinrib
Exalenz jumps after FDA cirrhosis trial approval

The Israeli firm has received a boost following the announcement of a joint trial with Galectin Therapeutics.

02/08/2015 18:02 Healthcare Kobi Yeshayahou
Jobookit share soars 60% after announcing Yahoo deal

Jobookit develops technologies to connect between job seekers and employers.

02/08/2015 17:43 Healthcare Kobi Yeshayahou
Foamix product approval worth $10m annually

The product is a foam version of a Bayer product with $130 million in sales.

02/08/2015 16:57 Healthcare Gali Weinreb
Gov't sets up special team to help Israel tourism crisis

Damage from canceled reservations caused by Operation Protective Edge is estimated at NIS 2 billion.

Israel Securities Authority warns on algorithms trading

Tel Aviv Stock Exchange investors have been warned that many companies are trading illegally without a license.

02/08/2015 15:41 Market Adi Ben-Israel
IEC reports record electricity consumption

As the August heat wave intensifies, last winter's record megawatt consumption was beaten.

02/08/2015 15:10 Energy Hedy Cohen
Treasury: Food prices up 36% in past decade

Israel's Ministry of Finance says that the spurt in prices is substantially greater than the rise in the Consumer Price Index.

02/08/2015 15:03 Retailing Yossi Nissan
Israel's 4G frequencies to be allocated this week

Sources in the mobile market believe the Ministry of Communications is set to release fourth-generation bands.

Teva shareholders asked to approve CEO pay hike

Erez Vigodman will earn $1.38 million a year, plus a $238,000 bonus, if the salary increase is approved.

02/08/2015 14:26 Healthcare Yossi Nissan
Ceva beats analysts with 45% revenue growth

The Israeli semiconductor company swung to profit in the second quarter.

02/08/2015 13:52 IT Globes correspondent
Elbit Systems to protect Israel's water pipelines

Elbit's innovative I-Pass system monitors Israels Mekorot pipeline to prevent sabotage and water theft.

02/08/2015 10:49 Market Globes correspondent
Highest-ever Saturday summer electricity consumption

Israel Electric Corp. reported record consumption for a summer Saturday as the August heat wave intensifies today.

02/08/2015 10:10 Energy Globes correspondent

01 August 2015

Teva secures $34b financing for Allergan acquisition

Teva CFO Eyal Desheh: We appreciate the strong support we received which stems from the compelling economics of this transaction.

01/08/2015 23:13 Healthcare Globes correspondent
Stride Gaming acquires Israeli co InfiApps for $39m

The Netanya-based mobile social gaming company was founded in 2012.

30 July 2015

Barak Rabinowitz joins Genesis Partners

The 37-year-old American angel investor has an established track record of success in both the high-tech and startup scenes.

30/07/2015 19:23 Start ups Roy Goldenberg
ICL pressing Netanyahu to drop Sheshinski II

Some of the prime minister's advisors have been persuaded to remove the Sheshinski II Committee recommendations.

Kahlon reforms could bring down poultry prices 20%

The finance ministry claims chicken cartel, created in 2012, colluded to raise prices.

30/07/2015 18:52 Economy Amiram Barkat
Tel Aviv set for light rail chaos from Sunday

Major traffic and public transport changes go into effect next week, as work begins on underground stations.

Unilever hits back at Shufersal's boycott

Unilever will offer discounts of up to 20% on its products to Rami Levy customers as it battles supermarket chain.

30/07/2015 16:06 Retailing Globes correspondent
Copaxone sales hit new record

Teva's multiple sclerosis treatment enjoyed rising second quarter sales despite the launch of generic Copaxone.

30/07/2015 15:07 Healthcare Globes correspondent
NICE Systems beats analysts, profit jumps 21%

Driven by significant increase in operating margin, the Israeli firm reported $43 million net profit for the second quarter.

30/07/2015 14:32 IT Globes correspondent
Ashelim solar energy station signs NIS 100m Rioglass deal

The new 110-megawatt power plant in the Negev will use parabolic trough technology.

30/07/2015 14:29 Energy Hedy Cohen
Canada buys Iron Dome radar technology from Israel

Israel Aerospace Industries unit ELTA and Rheinmetall-Canada have teamed on the project.

Gasoline prices to fall 4% Saturday night

The price of 95 octane gasoline, at self-service pumps, will be cut by NIS 0.27 to NIS 6.38 a liter on August 2.

30/07/2015 13:13 Energy Globes correspondent
ARM buys Israeli co Sansa Security for $85m

Sansa Security, which develops mobile and flash memory security solutions, will become ARM's Israel development center.

Amdocs reports record revenue, beats analysts

The acquisition of Comverse BSS assets will boost results in the fourth fiscal quarter.

30/07/2015 07:44 IT Globes correspondent
Treasury optimistic as 2015-16 budget nears completion

Defense Minister Moshe Ya'alon may vote against in protest over partial adoption of the Locker Report on defense cuts.

29 July 2015

Jerusalemites to Tel Avivians: Light rail worth it

Jerusalemites, who suffered last decade, tell Tel Avivians that there is light at the end of the light rail construction tunnel.

Biomed employees set up professional association

Biotrend-il will function as both a group uniting all the workers in the sector and as a meeting point for leaders in startups.

29/07/2015 18:50 Healthcare Gali Weinreb
Israeli cyber sector exports soar to $3 billion in 2014

The Israel Export Institute estimates that the revenue of nearly 250 Israeli firms in the sector will increase at a rate of 10% per year.

29/07/2015 18:28 Economy Yuval Azulay
Tower to produce Microsoft touch screen controllers

The deal worth $10 million annually is with N-trig, recently acquired by Microsoft.

29/07/2015 17:22 Economy Globes correspondent
Steinitz: Cabinet will discuss gas roadmap in 10 days

Energy Minister Yuval Steinitz: The delay is costing us tens of billions of shekels.

29/07/2015 17:12 Politics Hedy Cohen
Step-up won't let a step thwart electric wheelchairs

To help his mother-in-law, one Israeli decided to develop a solution for disabled people, so often held back by a single step.

29/07/2015 16:51 Healthcare Gali Weinreb
Teva protects itself against hostile takeover

Teva has placed limitations on the 10% stake Allergan received as part of the $40.5 billion acquisition of its generics division.

29/07/2015 16:23 Healthcare Shiri Habib-Valdhorn
Renewal plan for 1,728 Herzliya homes approved

Azorim and the Herzliya municipality are jointly promoting the plan.

29/07/2015 15:43 Real estate Ori Chudy
Catheter developer Eximo Medical raises $1.6m

The Israeli company will use the funding for human clinical trials of its hybrid catheters.

29/07/2015 14:59 Healthcare Globes correspondent
IAI unveils port container management robot

The Israel Aerospace Industries system enables seaports to handle two or three times as many containers as now.

Largest solar array in Israel hooked up to grid

The field at Kibbutz Ketura is jointly owned by Arava Power and EDF Énergies Nouvelles Israel.

29/07/2015 14:31 Energy Hedy Cohen
Shekel weaker ahead of US Fed rate statement

FXCM Israel: Investors will be looking for hints from the US Fed about an interest rate hike in September.

29/07/2015 10:59 Market Globes correspondent
Frutarom acquires Florida co Scandia Citrus

This is the Israeli flavors and ingredients company's 9th acquisition in 2015.

Jordan not waiting for Leviathan

Jordan's National Electric Power Company has published a tender to import 1.66 BCM of gas over four years.

29/07/2015 07:12 Energy Hedy Cohen

28 July 2015

Netanyahu discusses energy cooperation with Cyprus

Prime Minister Benjamin Netanyahu flew to Cyprus today to talk with President Nicos Anastasiades about a pipeline to Europe.

28/07/2015 19:02 Politics Hedy Cohen
Only small changes expected in gas roadmap

Energy Minister Yuval Steinitz expects a cabinet vote on the plan during the next two weeks.

Teva deal boosts Israeli pension funds

Israeli pension funds have earned hundreds of millions of dollars on their holdings in Teva's fast-rising shares.

Viber buys Israeli mobile game developer Nextpeer

Viber is paying $9 million for the Tel Aviv-based game developer.

Tel Aviv's Sarona market opens

The 8,700-sq.m. indoor culinary market will contain 89 carefully selected businesses.

Merck buys cCAM Biotherapeutics for up to $605m

Merck will pay $95 million cash and up to $510 million in milestone payments for the Israeli cancer immunotherapy company.

28/07/2015 15:32 Healthcare Gali Weinreb
Gett launches flower delivery service

This is Gett's first non-taxi service and other planned services include pizza, massage, manicure, technical services, and plumbing.

Kahlon agrees budget with haredi parties

Instead of granting a NIS 170 child allowance, it will be NIS 120, while NIS 50 will be deposited per child as a savings fund.

28/07/2015 14:27 Economy Lilach Weissman
Defense News: 4 Israeli cos in world's top 100

Elbit Systems has climbed one place to 29, the highest placed Israeli company, in the ranking of the world's defense companies.

IVC-KPMG: Israeli Q2 startup financing hits new record

179 companies raised $1.12 billion in the second quarter just beating former record $1.11 billion in the fourth quarter of 2014.

28/07/2015 11:50 Start ups Idan Rabi
Shekel stronger after BoI leaves rate unchanged

Yossi Frank: The Bank of Israel is seen as weak and that is attracting more players to gamble on the shekel.

28/07/2015 10:56 Market Yossi Nissan
Gas roadmap agreement postponed again

Deputy Attorney General Avi Licht insisted there were too many issues to settle before tomorrow's Knesset summer recess.

28/07/2015 08:34 Politics Lilach Weissman

27 July 2015

Teva CEO: Allergan acquisition a game changer

Erez Vigodman tells "Globes" that the opportunity to buy Allergan's generics division only arose two weeks ago.

27/07/2015 18:43 Healthcare Shiri Habib-Valdhorn
Playtech wins 75m from Labrokes-Gala Coral merger

Teddy Sagi's software platform company has also acquired a 2.3% stake in the merged British bookmaker.

27/07/2015 18:23 Market Tali Tsipori
Globes Dun's100: Top high tech employers Google, Intel

Google led in salary and employment security in Israel, while Intel was ahead in work environment and career prospects.

27/07/2015 16:51 Employment Idan Rabi
Global Finance: Hapoalim Israel's leading digital bank

The magazine called Bank Hapoalim the best in direct and SMS banking in the Middle East.

Bank of Israel keeps August interest rate unchanged

The Bank of Israel notes that home prices have risen by 3.2% over the past year.

27/07/2015 16:23 Economy Globes correspondent
Migdal: Mylan has less leverage to buy Perrigo

Analyst Steven Tepper: Mylan's behavior with Teva makes it an undesirable bedfellow.

27/07/2015 15:12 Healthcare Shiri Habib-Valdhorn
Tender to be issued for Ben Gurion Airport hotel

The Israel Airports Authority tender stipulates that the hotel will be within walking distance of the main terminal.

27/07/2015 14:47 Tourism Sapir Peretz-Zilberman
Strong shekel hits Teva's second quarter revenue

Teva raised its EPS guidance for the full year 2015, reflecting the positive momentum across the business.

27/07/2015 14:41 Healthcare Globes correspondent
Israelis allowed cannabis as prescription drug

Deputy Minister of Health Yakov Litzman said the drug will be available in pharmacies.

27/07/2015 14:12 Healthcare Globes correspondent
Teva losing $300m on Mylan stake

Teva bought its 4.6% stake in Mylan at prices of $69-74 per share. The share price is down sharply in premarket trading.

27/07/2015 13:17 Healthcare Shiri Habib-Valdhorn
Oppenheimer: Allergan deal excellent for Teva

"Teva is getting a higher quality and more profitable company than Mylan."

27/07/2015 13:00 Healthcare Globes correspondent
Teva buying Allergan Generics for $40.5b

The deal, the largest ever acquisition by an Israeli company, is in cash and shares.

27/07/2015 11:46 Healthcare Globes correspondent
Chinese investment co buying SHL Telemedicine

Shanghai Jiuchuan will pay $130 million for 100% of SHL Telemedicine's shares.

27/07/2015 10:59 Healthcare Globes correspondent
Trading in Teva suspended

The move follows a report that Teva is negotiating to buy Allergan's generics division.

27/07/2015 10:20 Healthcare Hillel Koren
Shekel mixed as interest rate decision awaited

The assessment on the market is that the Bank of Israel will leave its interest rate unchanged today.

27/07/2015 09:21 Market Moshe Golan
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