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21 February 2018

Moovit Photo: PR Israeli urban mobility co Moovit raises $50m

Intel Capital led the financing round and Prof. Amnon Shashua will join the board as the Tel Aviv based company teams with Mobileye.

21/02/2018 14:59 Start ups Yasmin Yablonko
Teva Photo: Reuters Teva's troubles reflected in high bond yields

Leader Capital Market: There is great uncertainty about Teva's future growth potential.

21/02/2018 14:46 Healthcare Shiri Habib-Valdhorn
Intel Photo: Shutterstock Intel execs present $5b Israel investment plan

Minister of Economy and Industry Eli Cohen was presented a plan to expand the Kiryat Gat plant between 2018 and 2020.

21/02/2018 12:07 IT Yuval Azulai
Jerusalem - Tel Aviv railway Photo: Channel 2 Jerusalem - Tel Aviv railway opening delayed six months

The line had been scheduled to open March 30 but Israel Railways says it will not receive the required regulatory approvals in time.

Shari Arison, photo: Tamar Matsafi Arison cancels deal to sell half her Hapoalim stake

Arison had signed a non-binding agreement in September to sell half of its 20% stake to three North American investors.

Rami Hamdallah Photo: Reuters Israel to issue 20,000 more work permits to Palestinians

The number of permits for Palestinian workers has now been raised to 100,000.

21/02/2018 07:08 Economy Dan Zaken
Shlomo Filber Photo: Tamar Matsafi Shlomo Filber signs state's witness agreement

The Ministry of Communications director general is a close confidant of Benjamin Netanyahu and his testimony could incriminate the prime minister in the Bezeq affair.

21/02/2018 07:07 Legal Ela Levi-Weinrib

20 February 2018

Netanyahu aide allegedly tried to bribe judge

Nir Hefetz is suspected of offering to make Hila Gerstl attorney general in exchange for dropping the case against Sara Netanyahu.

Gazit-Globe buys lot for Tel Aviv shopping center

The Israeli company has paid NIS 105 million for the lot in the Kochav Hatzafon neighborhood in north Tel Aviv.

20/02/2018 16:13 Real estate Shlomit Tsur
Merck sets up 20m fund for Israeli biotech cos

The German pharmaceutical company is cooperating with Arkin Bio Ventures, Pontifax Fund, and WuXi Apptec.

20/02/2018 14:54 Healthcare Gali Weinreb
Vaica reminds patients to take medicine

The Israeli company adapts its reminders to the patient's age and the type of medicine.

20/02/2018 13:55 Healthcare Gali Weinreb
Shekel bounces back strongly

Prico: Three attempts by the Bank of Israel to push the exchange rate into the NIS 3.55-3.65/$ zone have failed.

20/02/2018 12:25 Market Globes correspondent
Mobileye founders co OrCam valued at over $1b

OrCam, which has developed a wearable aid for people with impaired vision, raised $30.4 million in a round led by Clal Insurance and Meitav Dash Provident Funds and Pension Ltd.

20/02/2018 11:20 Healthcare Globes correspondent
Shaul and Iris Elovitch, Netanyahu aide, among Case 4000 suspects

"The evidence in the new affair of Walla! and the Ministry of Communications is very strong," a source close to the investigation told "Globes".

19 February 2018

Azorim to build 1,500 Tel Aviv homes

The owners of the land in Kfar Shalem, currently occupied by squatters, will be partners in the combination deal.

19/02/2018 19:30 Real estate Shlomit Tsur
Colonoscopy device co Motus GI raises $17.5m on Nasdaq

Tirat Hacarmel based Motus GI has developed Pure-Vu for cleaning the colon in advance of a colonoscopy.

Israeli household debt low by developed world standards

Israelis have used their higher wages to pay for the increase in private consumption.

19/02/2018 17:10 Economy Amiram Barkat
Paris Vivatech show expects strong Israeli presence

Maurice Levy: Vivatech has an ongoing love story with Israel. This year's show will also feature a focus on Africa.

19/02/2018 15:59 IT Brett Kline, Paris
Energean plans $500m London IPO for Israel gas fields

Energean is also considering dual listing on the Tel Aviv Stock Exchange.

19/02/2018 14:54 Energy Sonia Gorodeisky
Delek, Noble sign $15b gas deal with Egyptian co

The energy companies have signed binding agreements to provide 64 BCM of gas to Egypt's Dolphinus Holdings.

Cybersecurity co Morphisec raises $12m

Beersheva-based Morphisec specializes in Moving Target Defense.

19/02/2018 14:00 Start ups Globes correspondent
Arrow 3 missile scores space test success

An advanced version of the Israeli interceptor missile hit a simulated target outside the atmosphere.

Court extends remand of Bezeq execs

Prime Minister Benjamin Netanyahu: This case too is a media balloon that will burst.

18 February 2018

Experts: Jerusalem-Tel Aviv railway not safe to operate

Engineers and safety experts have told "Globes" that if the trains start operating next month, there is liable to be a disaster.

Intel to invest $4.5b in Israel in 2018

Sources inform "Globes" that Intel will receive 20%-30% of the investment in Israeli government grants.

Golf online fashion unit Adika plans TASE IPO

Golf acquired Adika in January 2015 in an estimated NIS 40 million deal.

Apartments sold and rented

A selection of recent real estate deals in Israel including in Herzliya, Ramat Gan, Givatayim, Kfar Saba, Ness Ziona and Netanya.

18/02/2018 16:45 Real estate Ori Chudy
IKEA Beersheva branch begins operations

IKEA's fourth branch in Israel opens to the public next week. IKEA expects 800,000 people to visit the store and buy over three million items in 2018.

Neurovascular device co Perflow Medical raises $12m

Stream Net is a thrombectomy device designed to address unmet clinical needs in the treatment of acute ischemic stroke.

BoI to permit investment funds to buy credit card cos

Final criteria for acquiring the companies have been published.

Nano Dimension raises $12m

The company's share price plummeted 30% on Nasdaq and 17% on the TASE.

18/02/2018 14:37 IT Shiri Habib-Valdhorn
Sagi selling Brack stake for NIS 1.4b


Adler Real State is aiming at a 70% controlling interest in Brack Capital Properties, while Teddy Sagi will make NIS 300 million in his investment from last May.

18/02/2018 12:57 Real estate Omri Cohen
Egyptian court rules gas cos must pay EMG $1.033b

EMG co-owner Josef Maiman filed the lawsuit as a Polish citizen.

18/02/2018 12:19 Politics Globes correspondent
"Plan exists for $4-5b Intel investment in Israel"

The investment target is probably an upgrade of the Intel Kiryat Gat fab to 7-nanometer technology.

Police, ISA arrest senior Bezeq execs

The lawyer for suspended Communications Ministry director general Shlomo Filber has confirmed that he is also among those detained today.

18/02/2018 10:12 Legal Globes correspondent

16 February 2018

Cramer shocked by Buffett's investment in "second-rate" Teva

Financial pundit Jim Cramer told CNBC that "It is amazing that Warren Buffett goes for what I largely regard as the worst of the worst."

16/02/2018 15:51 Healthcare Simon Griver
Kahlon: Intel will shortly invest billions in Israel

Intel says no large project is currently planned. Minister of Finance Moshe Kahlon was speaking at the Ecosystem Haifa conference.

15 February 2018

CPI down 0.5% in January

The fall is steeper than analysts expected. The new homes price index fell 1.4%.

DreaMed Diabetes decision platform receives CE mark

Advisor Pro supports personalized insulin therapy planning for people with Type 1 diabetes that use insulin pumps.

15/02/2018 19:22 Healthcare Globes correspondent
NICE Systems posts 14% EPS growth for 2017

CEO Barak Eilam: Our addressable market has increased five-fold.

15/02/2018 19:11 IT Shiri Habib-Valdhorn
Gastro-intestinal endoscopy co SMART raises $8m

The Israeli company's G-EYE is a novel add-on balloon device that works with standard endoscopes to assist visualization of the colon.

Zion Oil jumps on signs of oil in Jezreel Valley

Zion Oil CEO Victor Carrillo said he was "enthusiastic about seeing clear signs of hydrocarbons," at the Megiddo-Jezreel well.

15/02/2018 16:12 Energy Aviv Levy
Why did Israel not deploy F-35s in Syria?

"Defense News" speculates that the Israel Air Force erred in its calculations in not deploying the stealth jets.

Israel AI co CommonSense Robotics raises $20m

The company uses AI and robotics tech to help online grocery retailers speed up sorting and processing inventory, taking orders, and delivering them.

15/02/2018 14:40 Start ups Yasmin Yablonko
Teva closing Netanya plant, laying off 220

The activities of the Plantex plant, which produces complex API, will be transferred to China or India.

15/02/2018 13:59 Employment Gali Weinreb
Zissers heirs to pay Hapoalim NIS 95m

Business intelligence firm Black Cube uncovered family assets.

15/02/2018 13:26 Legal Ela Levi-Weinrib
Shekel bounces back on dollar weakness

The Israeli currency continues to weaken against the euro.

15/02/2018 11:25 Market Globes correspondent
Honigman files for court protection from creditors

The retail fashion chain has over 1,000 employees and 150 branches throughout Israel.

15/02/2018 08:24 Legal Shany Moses
Buffett boosts Teva with $358m investment

Teva's share price is soaring after Berkshire Hathaway reported buying a 1.8% stake in the Israeli pharmaceutical company.

15/02/2018 06:40 Healthcare Omri Cohen

14 February 2018

Gil Shwed raises Check Point stake to 18.9%

The company's CEO, Shwed is paid only the minimum wage, but receives generous remuneration in shares.

14/02/2018 20:09 IT Shiri Habib-Valdhorn
Galmed plunges after failed AIDS drug trial

The company is still testing its drug for treatment of fatty liver.

14/02/2018 18:40 Healthcare Gali Weinreb
Israel tax chief gave evidence on "Milchan Law"

Moshe Asher wants to repeal the law, which police allege was enacted by Benjamin Netanyahu's government to give tax exemption to Arnon Milchan.

14/02/2018 18:07 Politics Ela Levi-Weinrib
InterContinental to open Downtown Jerusalem hotel

The new hotel on King George Street will compete with the King David Hotel for high-end customers.

Sodastream beats analysts on 2017 revenue and profit

Revenue was up 14.1% and profit grew 67%.

14/02/2018 16:59 Market Shiri Habib-Valdhorn
Shekel losses continue

The shekel is at its weakest for two months against the dollar and for 20 months against the euro.

14/02/2018 14:59 Market Globes correspondent
Raviv Zoller to be appointed Israel Chemicals CEO

Zoller will replace acting CEO Asher Grinbaum.

Magal buys Israeli video security co ECS BAZ

BAZ products include a wide range of modular and customizable medium and long range surveillance systems for distances from 500m up to 25km.

China's Ogawa sets up Israel investment fund

The $10 million fund will invest in digital health and quality of life.

14/02/2018 13:20 Healthcare Gali Weinreb
Nitsba to build hotel at Airport City

The company has requested a permit to build a 250-room hotel at the entrance to the Airport City business park near Ben Gurion Airport.

14/02/2018 12:36 Real estate Shlomit Tsur
Idan Ofer increases stake in Atletico Madrid to 32%

The Israeli businessman is buying a 17% stake in the Spanish soccer club for a reported €50 million.

14/02/2018 12:27 Economy Globes correspondent
Israel Chemicals profit soars in 2017

The company reported a fourfold rise in profit for the fourth quarter.

Wix sees 40% revenue growth in 2018

The Israeli cloud-based web development platform has reported 47% revenue growth for 2017 and expects 40% growth in 2018.

14/02/2018 10:52 IT Globes correspondent
Israeli cannabis analysis co GemmaCert raises $2.25m

GemmaCert allows any person to analyze and obtain accurate results on potency and quality in about 30 seconds.

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