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20 October 2014

Arad Towels closes in double blow for Negev town

Flextronics is also laying off workers from its Arad site.

20/10/2014 20:02 Economy Yuval Azulai
Giora Ofer, Doron Aviv, Gal Aviv Blender launches peer-to-peer lending in Israel

The Aviv family and Giora Ofer today officially launched Blender - an online lending platform.

20/10/2014 18:30 Financial services Irit Avissar
shekel  picture: Tamar Mitzpi Shekel-dollar rate rises nearly 1%

The shekel-euro rate also rose strongly today, as the Israeli currency resumed its weakening trend.

20/10/2014 18:17 Market Shiri Habib-Valdhorn
Israeli, Jordanian researchers team on leishmaniasis treatment

The project brings together a consortium of parties from Israel, Jordan, and Switzerland for the treatment of the parasitic disease.

20/10/2014 17:36 Healthcare Gali Weinreb
Eytan Sheshinski, Yair Lapid Sheshinski 2 backpedals; Israel Chemicals still unhappy

Minister of Finance Yair Lapid: The committee has created the right balance; Israel's natural resources belong to the public.

20/10/2014 17:20 Economy Amiram Barkat
Israel Chemicals Israel Chemicals could pay state less under Sheshinski 2

The government take from Israel Chemicals will be lower than at present if its profit margin falls below 13%.

20/10/2014 16:55 Economy Amiram Barkat
Israel Chemicals Greens blast Sheshinski 2

There are calls for the Knesset to investigate the management of Israels natural resources.

20/10/2014 16:29 Economy Yuval Azulai
start up Telefonica to collaborate with Israeli incubator VLX

Telefonica will invest up to $1 million in incubator projects, and provide professional support.

20/10/2014 15:08 Start ups Gali Weinreb
economy, dollar Estimates show Israeli economy growing just 2.2% in 2014

The Central Bureau of Statistics estimates growth in GDP per capita in Israel of 0.3% this year.

20/10/2014 14:25 Economy Globes correspondent
real estate  construction  picture: Tamar Mizpi Cheaper housing plan leaves out buyer groups, non-profits

The Housing Ministry has released draft tender documents for its target price plan.

20/10/2014 13:40 Real estate Ori Chudy
Brainsway, Uzi Sofer  picture: Rafi Kutz Brainsway signs marketing agreement in France

A French company will market Brainsway's Deep TMS system.

20/10/2014 12:48 Healthcare Hillel Koren
Stephan Borgas Israel Chemicals: We're victims of populism

Israel Chemicals says adopting the Sheshinski 2 recommendations will cause an unemployment crisis.

Elbit Systems Elbit Systems: Shekel depreciation will hit Q3 profit

The defense company estimates that its finance expense will rise by $15-20 million.

Eitan Sheshinski Defections hint Sheshinski 2 not dramatically softened

At the last minute, two committee members have joined the minority opposing recommendations that will hit Israel Chemicals.

20/10/2014 11:17 Economy Amiram Barkat
shekels Shekel weakens at opening

The shekel-dollar rate has been climbing despite the current weakness of the dollar on world markets.

20/10/2014 09:50 Market Hillel Koren

19 October 2014

Only NIS 0.30 gasoline price cut expected in Israel

The price of oil is slumping, but taxes and the stronger dollar will offset the fall for Israeli drivers.

19/10/2014 19:04 Economy Hedy Cohen
Food cos raise prices by shrinking packages

Prices of some items have shot up by double-digit percentages.

19/10/2014 18:18 Basic industries Ilanit Hayut
BluePhoenix merging with Ateras in $22.7m deal

BluePhoenix has been shifting its focus overseas and selling off its non-core business.

Check-Cap raises $12m in private placement

Investors in the financing round included Chinese company Fosun Pharma.

19/10/2014 16:57 Healthcare Gali Weinreb
British Airways expanding London-Tel Aviv service

From next summer, British Airways will add six weekly flights between London and Tel Aviv.

19/10/2014 16:48 Tourism Globes correspondent
Ceva component in new Asus smartphone-tablet

Asus's PadFone X will shortly be launched in the US by AT&T.

19/10/2014 16:35 IT Shiri Habib-Valdhorn
Radware wins multi-million dollar cyber contract

Radware's share has dropped 8.3% this year, but climbed 3.3% on Thursday and Friday.

19/10/2014 16:15 IT Shiri Habib-Valdhorn
PolyPid seeks to raise $23 million on Nasdaq

The company's product for treating bone infections is due to start clinical trilas in 2015.

19/10/2014 15:48 Healthcare Gali Weinreb
Israeli social games developer Diwip sold for $100m

Diwip's buyer is Canadian company Imperus Technologies.

Tamar to supply Israeli gas to Egyptian market

The Tamar partners have signed an MOU with Egypt's Dolphinus Holdings for supplying gas surplus to Israeli requirements.

19/10/2014 10:49 Energy Hedy Cohen

16 October 2014

CPI surprises with fall in September

The Bank of Israel is seen as likely to introduce non-conventional monetary tools to halt the deflationary trend.

14 October 2014

Samsung Note 4 Israel launch date: October 27

The Galaxy Note 4 will compete directly with Apple's iPhone 6 Plus.

Partner defers vote on CEO Haim Romano's pay

Consultancy Entropy opposes Romano's proposed salary terms, which include payment even if his employment is terminated.

14/10/2014 17:25 Employment Lital Istamati
iPhone 6 lsraeli launch price among world's highest

The price in Israel is NIS 1,100 more than in the US.

Ebola anxiety boosts Protalix again

Smallcap investor network report: An experimental Ebola drug can be produced on Protalix's vegetable platform.

14/10/2014 16:01 Healthcare Gali Weinreb
NTA seeks NIS 860m tender exemption for PB

Under the emerging deal, Parson Brinckerhoff will manage the Tel Aviv light rail system for 10 years.

"High food prices not retailers' fault"

Senior Meitav Dash analyst Eran Yunger explains why food costs so much more in Israel than overseas.

14/10/2014 14:52 Basic industries Eran Yunger
IEC board eases financial targets to tune of NIS 20b

In recent months, Israel Electric Corporation's directors have been adjusting financial targets to reality.

14/10/2014 12:48 Energy Amiram Barkat
Dual-listed stocks set to fall

Teva, Perrigo, Opko and Nice Systems open with large negative arbitrage gaps after yesterday's falls on Wall Street.

14/10/2014 10:07 Market Globes correspondent

13 October 2014

iPhone 6 officially coming to Israel October 23

Apple's iPhone 6 and 6 Plus will sell for considerably less than their current prices in Israel.

"Don't let foreigners buy Israel Military Industries"

IMI Workers Committee Chairman Itzhak Yehuda wants the company sold to a strategic investor.

Publicis acquires 20% stake in Matomy for $65.6m

The French media giant has an option to buy 4.9% more of the Israeli digital ad company.

13/10/2014 13:50 Market Tali Tsipori
Shekel still weakening

Despite the dollar's correction on world markets last week, the shekel-dollar rate continues to climb.

13/10/2014 12:42 Market Globes correspondent
Ruppin teams with Wood Group on energy training

Wood Group will train staff for the Ruppin Academic - Noble Energy Center for Energy and Natural Gas Training.

13/10/2014 12:27 Energy Hedy Cohen
Moody's: IEC's liquidity profile remains structurally weak

Moody's has affirmed its Baa3 provisional rating for Israel Electric Corporation's debt.

13/10/2014 10:22 Energy Globes correspondent
Israel Corp names Avisar Paz to succeed Nir Gilad

CFO Paz will take over after the Israel Corporation spin-off; Gilad will remain Israel Chemicals chairman.

13/10/2014 10:09 Market Hillel Koren
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