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29 January 2015

new cars All-time record car deliveries in January

Car deliveries in Israel in January are expected to total 32,000, up from 27,000 in January 2014.

Isaac Herzog and Benjamin Netanyahu Herzog maintains slender lead over Netanyahu

The latest "Globes" Rafi Smith poll finds that the election race is still wide open.

29/01/2015 20:56 Politics Lilach Weissman
Unemployment down to 5.9% in 2014

The jobless rate fell from 6.2% in 2013, the Central Bureau of Statistics reports.

29/01/2015 18:26 Economy Nadav Neuman
Pinhas Buchris State of Mind Ventures to raise $50m VC fund

The fund set up by Pinhas Buchris and Yuval Baharav has already invested $4 million in three companies.

29/01/2015 18:16 Start ups Idan Rabi
Schneider Electric Paris conference 13 Israeli energy start-ups exhibit in Paris

Schneider Electric: Israel is fruitful soil for innovative and ground-breaking companies, including in energy management.

29/01/2015 17:59 Start ups Hedy Cohen
Tamar Delek, Noble oppose emerging gas compromise

Noble Energy does not accept separate marketing, and Delek is unwilling to sell its rights in Karish and Tanin as well as Tamar.

29/01/2015 16:55 Energy Hedy Cohen
Israel Post Postal prices to rise as part of recovery program

The price of a stamp for an ordinary letter will rise from NIS 1.53 to NIS 1.86.

29/01/2015 15:30 Economy Gad Perez
Fattal's Herods hotel Eilat Ad agency produces first-ever Israeli Super Bowl ad

Yehoshua TBWA has produced an ad for Fattal chain's luxury Herods hotels.

29/01/2015 14:43 Tourism Globes correspondent
Mike Netz InsuLine signs medical device MOU with J&J

J&J will help get regulatory approval for InsuPad, which reduces injected insulin uptake speed in diabetics by nearly 50%,

29/01/2015 14:02 Healthcare Hillel Koren
Gil Shwed Check Point beats analysts on profit and revenue

The company is increasing its quarterly repurchase of outstanding shares by 25% up to $250 million.

29/01/2015 13:36 IT Kobi Yeshayahou
gasoline pumps Gasoline prices to fall Saturday night

The price of a liter of 95-octane will fall 3% or NIS 0.19 on February 1.

29/01/2015 12:46 Energy Kobi Yeshayahou
shekels Shekel appreciation continues despite tension in north

The shekel is again strengthening against the dollar and euro in inter-bank trading today.

29/01/2015 12:00 Market Globes correspondent
Eyal Waldman Mellanox sees revenue rise in 2015

The Infiniband developer reported higher revenue and a 50% rise profit in 2014.

29/01/2015 10:53 IT Globes correspondent
Mount Hermon ski site Mount Hermon ski site reopens

IDF Spokesman Brig. Gen. Moti Almoz has urged Israelis in the north to continue with their regular lives.

29/01/2015 09:16 Politics Globes correspondent

28 January 2015

Consultancy report: Israelis underpay for electricity

The confidential US report has resulted in a cut of 10% instead of 15% in electricity rates.

28/01/2015 22:01 Energy Hedy Cohen
Israel down to 40th in doing business rankings

The World Bank rated Israel 121 in building permits and 135 in registering land rights.

28/01/2015 18:28 Economy Amiram Barkat
Bromine Compounds layoff talks break down

Workers' committee: The company is taking revenge for the Sheshinski Committee recommendations.

28/01/2015 17:47 Employment Yuval Azulai
More arrests over unreported Swiss accounts

A social worker from Holon is suspected of keeping $1 million in unreported overseas accounts.

28/01/2015 17:41 Legal Chen Ma'anit
Bar Refaeli to marry Adi Ezra - report

Mako reports that Refaeli is marrying the 40-year old chairman of food importers Neto.

28/01/2015 16:53 Market Globes correspondent
SaaS co ClickTale raises $35m

KKR led the investment with Amadeus Capital Partners and Viola Credit.

28/01/2015 16:02 Start ups Idan Rabi
HOT Mobile, Golan Telecom extend offers until Thurs

Tens of thousands of subscribers have switched from the veteran operators.

M&A co BCMS to begin Israel operations

BCMS's Israeli representatives: We'll expose small and medium Israeli companies to hundreds of foreign investors.

Amdocs reports record quarterly revenue

Revenue was up 5% from the corresponding quarter and non-GAAP net profit rose 14%.

28/01/2015 15:08 IT Globes correspondent
Chinese giants invest in Singulariteam's $100m fund

Tencent and Renren are leading the investment in Moshe Hogegs second investment fund.

28/01/2015 13:07 Start ups Roy Goldenberg
IDF casualties on Lebanese border

Two Israeli army patrol vehicles have been hit by anti-tank missiles. Two soldiers were killed and 7 injured.

28/01/2015 12:19 Politics Globes correspondent
IVC-REVERSEXIT: Only 4% of Israeli start-ups succeed

The report found that only 4 out of 500 start-ups were able to grow into successful companies, without being acquired.

28/01/2015 11:44 Start ups Globes correspondent
Shekel strengthens sharply

FXCM Israel: It is likely that the shekel-dollar fall will accelerate towards NIS 3.93/$.

28/01/2015 10:46 Market Globes correspondent
Former cabinet secretary arrested for alleged bribery

Oved Yehezkel served as cabinet secretary in 2007-2009, in Ehud Olmert's government.

28/01/2015 10:13 Politics Chen Ma'anit

27 January 2015

Former "Haaretz" editor David Landau dies

The English-born journalist has died in Jerusalem, aged 67, after a difficult illness.

Migdal appoints Oded Sarig as chairman

Supervisor of the Capital Markets, Insurance, and Savings Dorit Salinger is fiercely opposed to the appointment of her predecessor.

27/01/2015 17:18 Financial services Ron Stein
Teva, Philips Healthcare incubator begins operations

Sanara Ventures in Ra'anana will invest in medical devices and fields that complement drug development.

27/01/2015 16:49 Healthcare Gali Weinreb
Consumers buy more online in winter

A survey by Israeli company One Hour Translations was conducted in eight key world markets.

27/01/2015 16:16 IT Globes correspondent
Teva rivals urge US court to expedite Copaxone suit

Copaxone's patent remains in force at least until the Federal Circuit Appeals Court reconsiders the case.

27/01/2015 15:56 Healthcare Shiri Habib-Valdhorn
Yissum teams with medical cannabis co PhytoTech

The Hebrew University tech transfer company will collaborate on a novel delivery system.

27/01/2015 14:16 Healthcare Gali Weinreb
Apply Mobile jumps on Barcelona keyboard app deal

Apply will distribute the official branded smartphone keyboard for the soccer club.

27/01/2015 13:04 Market Globes correspondent
Tamares bids to manage Eilat's Princess hotel

The Antitrust Authority has barred Isrotel from extending its management contract.

27/01/2015 12:03 Tourism Sapir Peretz-Zilberman
Delek Group signs MOU for sale of Phoenix

The buyer is believed to be Chinese private equity firm Fosun Capital.

27/01/2015 11:08 Financial services Hillel Koren
FDA approves Teva's generic AstraZeneca heartburn drug

Nexium Delayed-Release Capsules had sales of $6 billion in the US last year.

27/01/2015 10:14 Healthcare Globes correspondent
Shekel strengthens after interest rate decision

The Bank of Israel is holding its interest rate at 0.25% for February.

27/01/2015 10:03 Market Kobi Yeshayahou

26 January 2015

Smartphone servicing co Cellomat raises $2.25m

Cellebrite led the investment in the company which has developed a 24/7 servicing, repair and purchasing system for smartphones.

26/01/2015 18:54 Start ups Tzahi Hoffman
Voluntary disclosure nets NIS 2.5b unreported capital

After just four months the Israel Tax Authority program has received 620 applications, 70% of them anonymous.

26/01/2015 18:00 Legal Irit Avissar
Kimberly-Clark buys Hogla diapers from Hadera Paper

Kimberly-Clark, which already owns 50.1% of Hogla-Kimberly, will pay NIS 650 million for the remaining stake.

Bank of Israel keeps Feb interest rate unchanged

The Bank of Israel's Monetary Committee kept the interest rate at 0.25% and warned that the mortgage market is heating up.

Israeli wine exports rose 10% in 2014

Israeli-made wine sales reached $220 million last year, of which $40 million was in exports.

26/01/2015 15:36 Economy Yuval Azulai
Teva gets first "Sell" recommendation

Berenberg analysts see insurance companies pressuring MS patients to switch to generic versions of Copaxone.

26/01/2015 14:48 Healthcare Globes correspondent
Tel Aviv primary bond market remains lively

NIS 3 billion have been raised so far this month, in a continuation of the trend of 2014.

26/01/2015 12:47 Market Aviv Levy
"Israeli gas price divorced from economic reality"

Energy experts say the linkage mechanism set by the Electricity Authority causes damage in the billions of shekels to consumers.

26/01/2015 11:35 Economy Hedy Cohen
Shekel tests NIS 4/$

Yossi Frank: Unless the dollar continues strengthening globally, we are unlikely to see a significant breakthrough above this level.

26/01/2015 10:10 Market Hillel Koren
Yisrael Beitenu corruption probe widens

Israel Police have detained a senior manager of an advertising agency and two senior civil servants for questioning.

26/01/2015 09:42 Legal Chen Ma'anit

25 January 2015

2015 Israeli high-tech exits reach $862m

Acquisitions by Amazon, Microsoft, Dropbox and others have enriched many Israeli entrepreneurs in the first few weeks of this year.

Israeli gov't officials mull gas fields compromise

Noble Energy is refusing to compromise on its Tamar and Leviathan gas holdings but Delek is more flexible.

Leviathan shares jump as market senses compromise

Market sources believe a compromise formula has been found for the Tamar and Leviathan antitrust issues.

25/01/2015 15:10 Energy Hedy Cohen
CNS treatment co BrainsGate raising $26m

BrainsGate is developing a stroke treatment using a device to reinforce blood flow to the brain through electrical stimulation.

25/01/2015 13:34 Healthcare Shiri Habib-Valdhorn
Egged bus drivers call warning strike Monday

The one-day nationwide warning strike on Monday is over alleged unilateral actions by management.

Steimatzky bows to Arab pressure on "Charlie Hebdo"

The chain will sell the "survivors" edition from its website rather than Ramat Gan store because of threatened demonstrations.

25/01/2015 12:03 Politics Yaniv Magal
Jewish Agency plans absorbing 120,000 French Jews

Jewish Agency chairman Natan Sharansky: Unless Israel prepares appropriately, French Jews will go elsewhere.

25/01/2015 11:33 Economy Globes correspondent
IBC shareholders split over chairman switch

The Israeli partners in the fiber-optics venture oppose the replacement of Ze'ev Goldberg with Doron Cohen.

Report of Pfizer acquisition approach boosts Teva

According to Bloomberg, Pfizer made the approach late last year, but was rebuffed.

25/01/2015 10:03 Healthcare Globes correspondent

23 January 2015

Amazon acquires Annapurna Labs for $350m

The Yokne'am-based company, Amazon's first Israeli acquisition, is building an innovative semiconductor platform.

22 January 2015

Shekel-euro rate down sharply after Draghi QE announcement

Analysts do not expect the plan to be effective in lifting the European economy without structural reforms.

22/01/2015 16:51 Market Globes correspondent
NTA chairman resigns after corruption allegations

Alex Wiznitzer, head of the Tel Aviv light rail project, is a suspect in the Interior Ministry of the Interior corruption scandal.

Harman acquires Red Bend Software for $200m

Software management technology company Red Bend is based in Hod Hasharon.

El-Sisi: We're working for Israel-Palestinian peace

Speaking in Davos, the Egyptian president said that peace would increase stability and suppress terrorism.

22/01/2015 15:31 Politics Amiram Barkat
Fintech co BlueVine raises $18.5m

The company is an online provider of working capital financing to small businesses.

22/01/2015 15:21 Start ups Globes correspondent
Adama TASE bond offering oversubscribed

The agricultural insecticide company raised NIS 690 million in bonds.

22/01/2015 15:10 Market Omri Cohen
Hadasit Bio jumps on EMA orphan drug status

Enlivex Therapeutics is developing Apocell for treating graft-versus-host disease in bone marrow transplants.

22/01/2015 12:33 Healthcare Kobi Yeshayahou
Cloud data encryption co Vaultive raises $8m

Vaultive's platform enables customers to ensure that only authorized users can gain access to cloud data.

22/01/2015 11:59 Start ups Globes correspondent
Electricity rates to fall over 10% next month

The average household will save NIS 550 per year as a result of the price reduction.

22/01/2015 11:20 Energy Globes correspondent
Knesset approves raising minimum salary to NIS 5,000

The minimum monthly salary will rise on April 1 to NIS 4,650 and finally to NIS 5,000 in January 2017.

22/01/2015 09:25 Economy Globes correspondent
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