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30 November 2015

Islamic State Israel buys most oil smuggled from ISIS territory - report

Israel has become the main buyer for oil from ISIS controlled territory, reports "al-Araby al-Jadeed."

30/11/2015 17:21 Politics Globes correspondent
Galeria Kaufhof German dept store stops selling Israeli products

Galeria Kaufhof, one of the country's biggest department store chains, has taken Israeli products off its shelves.

30/11/2015 16:31 Politics Globes correspondent
Road 6 Israel's Road 6 speed limit rising to 120 kph Wed

In practice police won't issue tickets unless drivers exceed 130 kilometers per hour.

biomed Oramed signs $50m oral insulin deal with Chinese co

Hefei has signed a $38 million licensing agreement for the Israeli company's capsule and is investing $12 million.

30/11/2015 14:38 Healthcare Shiri Habib-Valdhorn
Teva Teva raising $6.75b to finance acquisitions

The money will be used to pay the cash portion of the price for Allergan's generics division, and for the acquisition of Rimsa.

30/11/2015 14:24 Healthcare Globes correspondent
gas pipeline EMG denies deal to convey Leviathan gas to Egypt

However, Dolphinus insists it has the agreement of at least one of EMG's major shareholders.

30/11/2015 13:50 Energy Hedy Cohen
Yitzhak Tshuva Regulator seen approving Fosun acquisition of Phoenix

China's Fosun is due to pay NIS 1.8 billion for Delek Group's entire 52.3% stake in Israeli insurance company Phoenix.

Rakefet Russak-Aminoach Barclays sees large upside in Bank Leumi

According to Barclays, the possible forced divestment of Leumi's credit card business is already priced into its share.

Yinon Magal photo: Jonathan Bloom Yinon Magal resigns from Knesset amid sexual harassment claims

A fourth woman lodged a complaint against the Habayit Hayehudi MK.

30/11/2015 11:09 Politics Lilach Weissman
shekels Shekel yet to join world trend against dollar

The shekel strengthened against both the dollar and the euro at the opening of this week's trading.

30/11/2015 10:28 Market Moshe Golan
Shraga Biran, David Wiessman Alon Blue Square sells Diners Israel stake to CAL

CAL, which already owns 50% of Diners Club Israel, will pay NIS 150 million for the 49% owned by Alon Blue Square Israel and Dor Alon

Benjamin Netanyahu  photo: Reuters Netanyahu halts EU role in peace talks over label row

After the EU decided to mark Israeli products made in the West Bank, the PM suspended its role in the diplomatic process.

30/11/2015 01:52 Politics Channel 2 News

29 November 2015

Losing bidders to sue over CNR TA light rail tender win

NTA: The European bidders are demanding the entire light rail project for themselves.

IAI expects billions of dollars in Barak missile orders

After last week's successful trial, Israel Aerospace Industries is set to declare the offshore rig defense missile as operational.

Israeli parking search sensor co Spaceek raises $272,000

Based on a sensor network showing available parking places, Spaceek's pilot system operates successfully in Kfar Saba.

29/11/2015 16:50 Start ups Roy Goldenberg
Cabinet approves NIS 100m plan to boost Jerusalem

The plan includes aid to the business sector and the tourist industry, and attracting more students to Israel's capital.

29/11/2015 15:17 Economy Lilach Weissman
Israeli home purchases for investment hit 10-year low

Overall September home purchases were the fewest since April 2014, the Finance Ministry reports.

29/11/2015 14:48 Real estate Ori Chudy
Israeli regulator won't halt Yes, Hot price hikes

Acting Antitrust Authority chief Ori Schwartz told the Council for Cable TV and Satellite Broadcasting that he won't intervene on the price hikes.

Gasoline prices to rise in Israel Monday night

However, the maximum price of 95 octane gasoline at self-service pumps in Israel in December will remain under NIS 6.00.

29/11/2015 12:59 Energy Globes correspondent
The architecture of management

The "Globes" Israel Business Conference 2015 will discuss the design and development of new managerial processes.

29/11/2015 12:19 Economy Globes correspondent
Real estate co Rosebud on way to debt arrangment

The company has notified the Tel Aviv Stock Exchange of the deferment of payments to its bondholders.

Shimoni Finkelstein Barki, Y&R Israel in merger talks

If negotiations succeed, the merger will create one of the ten largest advertising agencies in Israel.

"Bank of Israel won't raise interest rate before 2017"

Leader Capital Markets' Yonatan Katz: The Bank of Israel has signalled that there is no connection between its rate and US rates. 

29/11/2015 10:26 Economy Adi Ben-Israel
IEC overestimates gas needs from Tamar

The Tamar partnership has allowed Israel Electric Corporation to extend its contract to use $800 million worth of surplus gas.

29/11/2015 09:55 Energy Hedy Cohen
Hot: Israeli regulator cannot prevent TV price hikes

The cable company's lawyers are challenging the council chairs decision to freeze its planned price increases.

28 November 2015

Gilad: Russian fighter jets violate Israeli airspace

Senior Defense Ministry official Amos Gilad says that Israel has understandings with Russia regarding Syria.

28/11/2015 23:16 Politics Globes correspondent

27 November 2015

184 homes, hotel approved for Jerusalem city center

Two residential high-rises, a boutique hotel and commercial development will be built by Mahane Yehuda market.

27/11/2015 14:49 Real estate Udi Shayshon
Big data behavioral analytics co Clarisite raises $5.5m

The Israeli company is moving its headquarters from Petah Tikva to London.

27/11/2015 14:31 Start ups Globes correspondent
Sun D'Or to fly weekly to 3 winter destinations

The El Al subsidiary will open the seasonal routes to Munich, Chambéry, and Grenoble starting January 9.

27/11/2015 14:09 Tourism Sapir Peretz-Zilberman
Israel to establish ties with United Arab Emirates

Israel is to open a renewable energy office in Abu Dhabi, the Ministry of Foreign Affairs in Jerusalem reports.

27/11/2015 14:07 Politics Globes correspondent

26 November 2015

Ministry plans fiber-optic to million Israeli homes by 2020

The Ministry of Communications' plans include Israel being among 20 countries to adopt 5G, and less regulation.

26/11/2015 20:56 Politics Gad Perez
Housing and Construction: Ashelim solar project at risk

Abengoa, a partner in the project, has petitioned for a stay of proceedings in Spain.

26/11/2015 20:52 Energy Hedy Cohen
Delek Group posts NIS 261m Q3 loss

The loss stems from a NIS 336 million write down of the securities portfolio; profit on the group's gas business doubled.

26/11/2015 19:11 Energy Nadav Neuman
Israel Railways Q3 profit down 76%

The company attributed the decrease to a tax bill and wage expenses.

Transport Ministry orders NTA to proceed with locomotives tender

The Accountant General investigated possible bias in the tender nine months ago, but no findings have been published.

Advertising technology co Inneractive raising $20m

Inneractive was recently rated 25th on Deloitte's list of Israel's fastest growing companies.

26/11/2015 15:12 Start ups Roy Goldenberg
Russia: We'll import food from Israel instead of Turkey

Following a rise in Turkish-Russian tension, Russia announced that Turkish agricultural exports were substandard.

26/11/2015 14:45 Economy Globes correspondent
Elbit Systems wins $200m Swiss drone contract

Israel's Elbit Systems will supply its Hermes 900 HFE to the Swiss Federal Department of Defense, Civil Protection and Sport.

Trial result boosts CollPlant

Israeli collagen products company CollPlant carried out a successful trial of its wound treatment gel Vergenix FG.

26/11/2015 14:25 Healthcare Moshe Golan
Israel's Energy Ministry mulls nuclear power plant

The move is part of the plan to reduce Israel's greenhouse gas emissions 25% by 2030.

26/11/2015 14:23 Environment Hedy Cohen
Mylan, Perrigo may compete for Taro

Bloomberg reports that the two generics companies also have Impax and Stada in their sights.

26/11/2015 13:50 Healthcare Shiri Habib-Valdhorn
Haifa Port workers defy court

Workers at Haifa Port imposed a go-slow today despite a Labor Court ruling forbidding sanctions. 

Jerusalem Economy posts NIS 54m Q3 loss

The real estate company continues to try to sell assets in order to service its debt.

26/11/2015 10:46 Real estate Omri Cohen

25 November 2015

Bio-Light's IOPtima raising $7.2m at $20.7m value

Bio-Light records galucoma treatment developer IOPtima in its books at only NIS 3 million.

25/11/2015 22:52 Healthcare Shiri Habib-Valdhorn
Israel Railways electrification tender pricing begins

The tender, estimated at NIS 3 billion, is one of Israel's largest infrastructure projects.

IDB narrows Clal Insurance bidders to two

Still in the running are Macrolink Group and a consortium with Tianan Insurance and JT Capital.

25/11/2015 19:15 Financial services Ron Stein
Netanyahu fails to stop defense budget agreement

Source close to Minister of Finance Moshe Kahlon: Netanyahu should take a drink of water and calm down.

Knesset c'tee skeptical on interest rate ceiling

A bill to regulate non-bank credit sets an interest rate ceiling of 20%.

Data management start-up raises $15m

The funding was led by Magma Venture Partners.

25/11/2015 14:11 Start ups Globes correspondent
Teva invests $10m in UK co's migraine treatment

Teva says Heptares's development complements its own migraine candidate TEV-48125, considered a potential blockbuster.

25/11/2015 12:52 Healthcare Shiri Habib-Valdhorn
Migdal posts NIS 1.95b Q3 loss on capital markets

Israeli insurance company Migdal saw its third quarter profit slashed by stock market falls.

Leviathan to negotiate gas supply with Egypt's Dolphinus

The sides have signed a letter of intent for up to 4 BCM of gas annually.

25/11/2015 10:09 Energy Adi Ben-Israel

24 November 2015

Pfizer to become Teva's largest shareholder

Pfizer will hold a 10% stake in the Israeli company, as part of its acquisition of Allergan.

24/11/2015 18:58 Healthcare Shiri Habib-Valdhorn
Treasury, Defense Ministry rift widens over budget

Ministry of Finance source: The Ministry of Defense is fooling us again.

BIRD to invest $5.1m in Israel-US cleantech projects

The approved BIRD Energy projects are in solar energy, energy efficiency-smart grid, and wind energy.

24/11/2015 16:36 Energy Globes correspondent
Spacecom expects insurance for Amos 5 in 2016

Spacecom has information about the malfunction, which caused lost contact with the communications satellite.

24/11/2015 15:37 Aerospace & defense Moshe Golan
US real estate co ECI cancels TASE bond offering

The issue was almost fully subscribed in the tender for investment institutions, but was canceled anyway.

24/11/2015 15:09 Real estate Omri Cohen
Arcadi Gaydamak begins prison term in France

Gaydamak was sentenced to a three-year term for tax offenses and money laundering.

24/11/2015 14:40 Legal Chen Ma'anit
Israel Electric Corp chairman: We'll need to fire 600

Yiftah Ron-Tal said that IEC's revenue is falling 10% each year.

24/11/2015 14:25 Employment Hedy Cohen
Strauss Group revenue, profit down in third quarter

The Israeli international food and coffee producer saw revenue fall 3.6% and profit fall 15.4%.

24/11/2015 14:24 Market Globes correspondent
Israel Discount Bank sells Swiss operations

Hyposwiss General Bank Geneva is paying $11 million for IDB Swiss Bank.

Shekel stronger after rate left unchanged

FXCM Israel: The shekel-dollar rate is struggling to move above NIS 3.90 despite the dollar's strength on world markets.

24/11/2015 09:30 Market Moshe Golan
HBO to adapt Israeli show Nevelot

The American premium TV network will develop the series, based on a Yoram Kaniuk novella, with Alan Poul at the helm.

Zara Israel rents 5,000-sq.m. in new Tel Aviv mall

The new Blue Mall shopping complex will be completed by the end of 2018.

24/11/2015 08:59 Real estate Shlomit Tsur
Israeli spiders to hunt Colombian field mites

Some 600 million carnivorous spiders grown by Busy-Bee labs will be used as a natural pesticide alternative to protect crops.

24/11/2015 08:52 Agritech Yuval Azulai
Polycom Israel closes - 280 employees lose jobs

The video conferencing company will transfer its local operations to India.

24/11/2015 07:32 Employment Roy Goldenberg
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