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22 December 2216

railways Ayalon River diversion decision set for Monday

Diverting Tel Aviv's Ayalon stream will allow the laying of a fourth railway track through the city.

18 January 2017

European interest in Israeli gas deepens

The Energy Ministry director general will meet counterparts from Italy, Greece, and Cyprus to discuss a gas pipeline from the Leviathan reservoir.

18/01/2017 18:33 Energy Amiram Barkat
Arrow 3 operational as new missile defense era begins

If Israel's first Arrow 3 interceptor misses the target, there will be enough time to launch another missile interceptor.

Electra to build 3 TLV Sarona towers

The land is zoned for construction of 324 housing units in three residential towers, in a vacated section of the government Kirya area.

18/01/2017 17:06 Real estate Ori Chudy
Shufersal recalls frozen vegetables on listeria fears

The suspected presence of the bacteria was discovered in laboratory tests carried out after the product was already on the shelves.

Ceragon ups guidance on $60m Indian deal

The Israeli wireless backhaul specialist has increased its first half 2017 revenue forecast by $20-25 million after orders from an Indian mobile operator.

18/01/2017 15:16 IT Globes correspondent
Pointer enters smart car market

The company will supply 4,000 cars with systems that include Mobileye's technology.

Palestinian Authority hotels popular with tourists

Luxury hotels in Ramallah and Bethlehem are attracting impressive reviews from tourists coming to Israel.

18/01/2017 14:25 Tourism Michal Raz-Chaimovich
Leumi CEO: More cuts on the way

Bank Leumi CEO Rakefet Russak-Aminoach told "Bloomberg" at the 2017 World Economic Forum in Davos that the Israeli bank must continue streamlining.

Megureit buys 45 TLV homes for rent for NIS 71m

The three-room apartments in the Midtown project are on the sixth to 11th floors of a high-rise.

18/01/2017 11:32 Real estate Ori Chudy
Kerry: Netanyahu unilaterally changing peace map

Speaking at the World Economic Conference in Davos, the US Secretary of State for Foreign Affairs accused Israel's Prime Minister of sabotaging any chance of peace.

Shekel stronger amid market volatility

FXCM Israel: The shekel is testing the NIS 3.80/$ threshold, the bottom limit of the current trading band.

18/01/2017 09:59 Market Globes correspondent

17 January 2017

UK Press Association invests in Wochit

The Israeli company enables content producers, including media and publishing companies, to create socially-optimized videos.

Traffic violation fines to be raised

The maximum fine in Israel for serious offenses like going through a red light will be raised to NIS 1,500.

3DSignals helps Enel power co spot major fault

The Israeli company saved hundreds of thousands or millions of euros for the Italian firm.

17/01/2017 17:32 Start ups Nati Yefet
Mobile ad analytics co AppsFlyer raises $56m

The Israeli startup's CEO Oren Kaniel tells "Globes" that his company's services make ads relevant for users.

17/01/2017 17:00 Start ups Tali Tsipori
New office, residence approved for Israel's PM

The Jerusalem District Planning and Building Commission approved the plan for the National Precinct near Jerusalem's western entrance 

17/01/2017 16:36 Real estate Alfi Eliyahu Shauly
Treasury wants tender for Dead Sea concession

Accountant General Michal Abadi-Boiangiu opposes automatically extending Israel Chemicals concession.

Privatequity.biz sells Gett shares

A senior employee of the taxi and delivery app sold his shares on the Israeli secondary market online trading platform for private high-tech companies.

17/01/2017 14:56 Start ups Globes correspondent
Land for solar farms to cost NIS 60-100,000 per acre

Payment for the land will be considered lease fees capitalized over the entire lease period.

17/01/2017 13:02 Real estate Moshe Lichtman
Rent rise in Israel slows drastically

Housing prices are still rising, albeit more slowly, the Central Bureau of Statistics reports.

Elbit wins $17m night vision systems deal

The multi-spectral BrightNite systems contract is for the air force of a NATO country.

IVC: Israeli VC fundraising strengthens

The expected final total of $1.6 billion will be a record for the past decade, IVC Research Center reports.

17/01/2017 12:06 Start ups Globes correspondent
Edeltech to negotiate gas supply from Leviathan

The sides have signed a letter of intent covering the supply of 14.8 BCM of gas over 17 years.

17/01/2017 11:00 Energy Hillel Koren

16 January 2017

Axel Springer denies Yediot Ahronot interest

The German publisher denies reports of talks to buy the Israel newspaper with Benjamin Netanyahu as broker.

16/01/2017 19:08 Politics Yonatan Kitain
Tel Aviv launches carsharing service

The municipality subsidized service will be 30-40% cheaper than taxis.

Cisco wins IDF servers deal

Ministry of Defense: The new systems will save us tens of millions of shekels.

Israel Railways issues signals tender

Alstom, Siemens, and Thales will submit bids within 3-4 months.

Egypt sees gas self-sufficiency by 2018

Egyptian Minister of Petroleum Tarek el-Molla's statement is a major blow to potential Israeli gas exports to Egypt.

16/01/2017 17:00 Economy Nati Yefet
Oracle to open Israel startup cloud accelerator

The new center in Tel Aviv will fuel local cloud-enabled innovation.

16/01/2017 16:27 Start ups Globes correspondent
Hot Mobile offers 3 lines for NIS 90 per month

Hot Mobile is trying to exploit Electra Consumer's acquisition of Golan Telecom to gain subscribers.

Israel's Q3 growth revised upwards

The Central Bureau of Statistics has upwardly revised the third quarter growth figures to 3.6%. 

16/01/2017 15:00 Economy Nitzan Cohen
Tax Authority probing US accounts held by Israelis

The US Internal Revenue Service has given the Israel Tax Authority data on over 35,000 Israelis with US bank accounts.

16/01/2017 11:48 Economy Ela Levi-Weinrib
Netanyahu: Media campaigning to topple me

The prime minister says biased reporting is intended to pressure the Attorney General into indicting him.

16/01/2017 10:57 Politics Globes correspondent

15 January 2017

Judge slams receivers, delays "Globes" sale

Judge Eitan Orenstein had harsh words for the conduct of Advs. Eyal Rosovsky and Ronen Matry and says he does not have the authority to approve the sale of the newspaper to David Davidovich.

15/01/2017 19:02 Legal Globes correspondent
Negative inflation in 2016 for third consecutive year

With the CPI unchanged in December, Israel again recorded negative inflation. Home prices rose 8.1% over the past year.

15/01/2017 18:58 Economy Amiram Barkat
Israeli co "reinvents internal combustion engine"

Aquarius Engines, which wants to raise $25 million, says its engine will double the best energy utilization figure for a standard engine.

Attempts to smuggle goods into Gaza up 165%

New devices to detect smuggling have been installed at the border crossings.

15/01/2017 17:44 Economy Yuval Azulai
Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Ra'anana, Ramat Gan, Arad and Beer Sheva.

15/01/2017 16:21 Real estate Ori Chudy
PM trades over hostile journalists in new leaks

In the latest transcripts published by Channel 2, Benjamin Netanyahu complains to Yediot Ahronot publisher Noni Mozes about specific journalists who are hostile to him.

15/01/2017 14:18 Politics Globes correspondent
Viacom buys stake in Israel's Ananey Group

The US media corporation has an option to buy a controlling stake in Ananey which develops TV formats and programs.

CreditEase raises 2nd Israel investment fund

China's CreditEase Wealth Management has now raised $62.2 million in its two Israeli startup investment funds.

15/01/2017 13:13 Start ups Tali Tsipori
Power electronics co VisIC raises $11.6m

The Israeli startup has developed efficient power electronics based on Gallium Nitride (GaN) semiconductors.

15/01/2017 12:28 Start ups Globes correspondent
El Al pilots hint at further disruptions

The El Al Pilots Committee is protesting management's decision to put pilot instructors over 65 on forced leave.

15/01/2017 12:10 Tourism Michal Raz-Chaimovich
Teva loses challenge to Eli Lilly cancer drug patent

The US Federal Court of Appeals upheld a lower court's decision on cancer treatment Alimta. 

15/01/2017 10:37 Healthcare Nitzan Cohen

12 January 2017

US knowledge commercialization co to invest in Israel

NRS H&W will invest $30 million in three years through the Volcani Center.

12/01/2017 21:47 Healthcare Tali Tsipori
Kahlon: Billions in foreign high-tech investment on the way

Minister of Finance Moshe Kahlon told the Manufacturers Association conference that Israel's tax reforms were attracting overseas companies.

12/01/2017 21:41 Economy Amiram Barkat
"Forbes": Trump a nightmare for pharma industry

Meanwhile, Teva CEO Erez Vigodman has been explaining why the company's 2016-2017 forecasts were so wide of the mark.

12/01/2017 19:35 Healthcare Gali Weinreb
SimilarWeb seeking to raise $30m

The company wants to follow the financing round with a public offering.

Israel's high-tech exports down 7% in 2016

High-tech exports accounted for 49% of all Israel's exports of goods last year.

12/01/2017 16:50 Economy Amiram Barkat
Glucose monitoring co DarioHealth raises $5.1m

The Jerusalem based company has developed a blood glucose monitoring platform.

As Teva tumbles, UBS cuts target price

As its share price continues to fall, UBS analyst Marc Goodman has lowered the Israeli pharmaceutical company's target price by $7.

12/01/2017 15:17 Healthcare Globes correspondent
Sara Netanyahu questioned in gifts probe

The prime minister is suspected of accepting valuable gifts from two businessmen.

12/01/2017 12:54 Politics Globes correspondent
Flug: Expansionism doesn't work for long-term

The Governor of the Bank of Israel expressed concern about the global economy, world trade, and low productivity in Israel.

12/01/2017 12:26 Economy Moshe Golan
Electra Consumer Products CEO questioned on insider trading

Israel Securities Authority investigators raided the company offices and seized documents.

12/01/2017 11:42 Legal Nitzan Cohen
Authentication co Transmit Security raises $40m

The Israel company, financed by founders Mickey Boodaei and Rakesh Loonkar, has unveiled a platform to disrupt the authentication software market.

12/01/2017 11:23 Start ups Globes correspondent
Trump comments boost shekel against dollar

FXCM Israel: The dollar has weakened on markets worldwide after the President-elect failed to give details on his economic policies.

12/01/2017 10:48 Market Globes correspondent
Uzi Landau approved as Rafael chairman

Defense Minister Avigdor Liberman has been promoting members of his Yisrael Beitenu party as chairman of government defense companies.

11 January 2017

IDF to upgrade truck fleet for NIS 200m

200 Oshkosh trucks from the US will be delivered to the IDF by mid-2018.

Kuang-Chi sets up Israel innovation HQ

The Chinese Group has also set up a new $250 million fund that will have a major focus on Israel.

Gett to deliver post office registered mail

For a fee, Gett couriers will deliver items up to two kilograms using taxis, motor scooters, and electric bicycles.

Amazon takes option to invest in Kornit

Amazon will receive an option to invest up to $38 million in Kornit Digital, the leader in the online personalized clothing market.

11/01/2017 17:04 IT Kobi Yeshayahou
Israeli bond issues in Europe set to reach €2.5b

The interest rate on the Israel government bonds is likely to be less than 2.83%.

Israeli gov't revenues from cars, fuel soar

Overall revenues from fuel, cars and related taxes reached NIS 40 billion in 2016.

11/01/2017 15:07 Economy Dubi Ben-Gedalyahu
Phone camera co Corephotonics raises $15m

Samsung Ventures, Foxconn and Mediatek led the latest investment in the Israeli company.

11/01/2017 14:53 Start ups Tali Tsipori
Energean opts for floating gas terminal

The Greek energy company will produce gas by 2020 from the Karish and Tanin fields using the FPSO method.

11/01/2017 14:32 Energy Nati Yefet
Rivulis Irrigation buys Greek co Eurodrip

The Israeli company, controlled by FIMI and based at Kibbutz Gvat, is now the world's second largest irrigation systems manufacturer.

Hanegbi: Slow Internet threatens high-tech status

The Minister responsible for Bezeq told "Bloomberg" that he backs Bezeq to complete Israel's fiber-optic network even if it compromises telco competition.

11/01/2017 10:19 Market Globes correspondent
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