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30 September 2014

Yiftah Ron-Tal picture: Eyal Yitzhar IEC chair warns Netanyahu on company's finances

Yiftah Ron Tal: Neglecting IEC's financial situation will lead to loss of control in a critical industry.

RAD to issue Jerusalem office high-rise tender

The 25-storey tower will occupy 52,000 sq.m.

30/09/2014 18:50 Real estate Ori Chudy
Yahoo! Yahoo! Japan deploys Mellanox solutions

Mellanox has helped Yahoo! Japan improve its database performance tenfold.

illegal gambling Int'l money laundering ring arrested

14 suspects were arrested and seven more detained in Israel, with related arrests in Europe and the US.

30/09/2014 15:38 Legal Ella Levy-Weinrib
Wix Wix to open Beersheva and Haifa development centers

The DIY website platform company already has 800 employees in Tel Aviv and worldwide.

30/09/2014 14:49 IT Roy Goldenberg
pharmaceuticals Atox Bio awarded $24m to fight bio-threats

The US Biomedical Advanced R&D Authority will provide the funds.

Ori Yehudai Frutarom acquires Peru's Montana Food for $28m

Frutarom CEO: This strategic step that expands our activities in emerging markets.

Shuk Faisal 24% of Jewish consumers boycott Arab businesses

Geocartagraphia found the figure was down from 29% during the Gaza operation.

30/09/2014 12:51 Retailing Ilanit Hayut
shekel Shekel stable after recent volatility

Prico: The full potential for shekel depreciation has not yet been realized.

30/09/2014 11:12 Market Yossi Nissan
PrivatEquity.biz to begin trading employee shares

Israel's secondary market web trading platform will allow private high-tech company employees to realize options.

Avi Nissenkorn Histadrut strikes courts in solidarity with postal co

Israel Postal Company employees are also renewing sanctions this morning.

30/09/2014 09:36 Employment Nadav Neuman
Benjamin Netanyahu US critical of Netanyahu's UN speech

US State Department rejects Prime Minister Benjamin Netanyahu equating IS and Hamas.

30/09/2014 09:13 Politics Ran Dagoni, Washington

29 September 2014

Marketing data co Datorama raises $15m

The financing round was led by Marker LLC and Eric Schmidt's Innovation Endeavors.

Treasury wants budget approved on Sunday

Finance ministry officials have yet to distribute the budget proposal to cabinet ministers.

29/09/2014 19:23 Economy Amiram Barkat
Dankner: I had no reason to manipulate IDB shares

Nochi Dankner filed his statement of defense to share pegging charges in the Tel Aviv District Court today.

29/09/2014 18:41 Legal Ela Levy-Weinrib
Regulator extends Ishai gas exploration license

Israel and Cyprus are negotiating a unitization agreement that will include the license.

29/09/2014 18:34 Energy Globes correspondent
Leviathan submits first-phase development plan

The floating facility will be able to stream up to 16 BCM of gas annually to Israel - 60% higher than Tamar.

29/09/2014 17:58 Energy Hedy Cohen
Stratasys inaugurates Kiryat Gat 3D printer plant

The plant, one of the world's most innovative, will have hundreds of employees.

29/09/2014 17:03 IT Tali Tsipori
Argus Cyber Security raises $4m

Argus provides an Intrusion Prevention System to prevent car hacking.

Rafael agrees Indian missile deal

The Indian Navy is buying 260 Barak-1 missiles for $143 million.

"Uber's Israel launch was one of its most successful"

Uber MEA head Jambu Palaniappan: We want to launch uberX in Israel so private cars can operate as taxis.

Magma Venture Partners raises $150m Fund IV

The fund plans to invest exclusively with Israeli entrepreneurs.

29/09/2014 13:58 Start ups Globes correspondent
Ben-Moshe, Elsztain cannot control Clal Insurance

Director of Capital Market, Insurance and Savings Dorit Salinger has ruled out the proposed control structure.

Israel follows US, Europe on in-flight calls

Israeli airlines will be allowed to install Wi-Fi on their planes.

29/09/2014 11:25 Tourism Globes correspondent
Military sources: IDF will grind to a halt

The army rates the defense budget agreed by Benjamin Netanyahu and Yair Lapid hopelessly inadequate.

29/09/2014 10:07 Economy Yuval Azulai
Shekel sharply weaker against dollar at opening

Against the euro, the shekel has strengthened substantially this morning.

29/09/2014 09:25 Market Hillel Koren

28 September 2014

Israel Navy to wait years for gas rig defense ships

The decision on the winning bid to build the patrol vessels will only take place next year.

Gasoline prices to fall Tuesday night

The price of self-service 95 octane gasoline will fall NIS 0.07 per liter on October 1.

28/09/2014 17:48 Energy Hedy Cohen
Teva boosted by European drug recommendations

Teva's share jumped 4% in Tel Aviv, after climbing 4.9% on Wall Street.

28/09/2014 17:39 Healthcare Shiri Habib-Valdhorn
2015 budget: 3.4% deficit, extra NIS 6b for defense

Finance Minister Yair Lapid presented the 2015 budget promising no tax hikes and passage of the 0% VAT plan.

28/09/2014 16:09 Economy Amiram Barkat
CyberArk Software nearly doubles after Nasdaq IPO

The Petah Tikva based cyber security company has a market cap of $881 million.

28/09/2014 16:06 IT Tali Tsipori
Teddy Sagi's Crossrider raises $75m in London AIM IPO

Crossrider optimizes Internet surfing traffic, primarily for analyzing the digital ad market.

28/09/2014 15:42 IT Tali Tsipori
Ben Gurion Airport set for record number of flights

The airport scheduled a record 521 flights today - 263 landings and 258 takeoffs.

28/09/2014 15:03 Tourism Sapir Peretz-Zilberman
Communications Ministry wants 3 weekly postal deliveries

The Finance Ministry wants only two deliveries per week, as postal workers again threaten sanctions.

28/09/2014 13:47 Employment Gad Perez
Partner launches smartphone medical services

The new services includes prescriptions, hospital referrals, and confirmation of illness.

28/09/2014 13:21 Healthcare Gad Perez
PM and Foreign Minister fly to US separately

Netanyahu's Boeing 767 had many empty seats, but Liberman and his entourage flew on a commercial flight to New York.

28/09/2014 12:19 Politics Globes correspondent
Court orders Hot Mobile to pay Histadrut NIS 1m

The Tel Aviv Labor Court found that Hot Mobile had unlawfully tried to prevent its workers from unionizing.

28/09/2014 11:59 Legal Chen Ma'anit
Clal Biotech unit PolyHeal nears licensing deal

PolyHeal has signed an MOU with a European drug company for an exclusive global license.

28/09/2014 10:16 Healthcare Kobi Yeshayahou
Protestors again hit Zim ship

Pro-Palestinian activists in Oakland, California, prevented port workers from unloading the Zim Shanghai.

24 September 2014

CyberArk Software prices Nasdaq IPO above range

The cyber security company begins trading on Wall Street on Wednesday.

24/09/2014 15:45 IT Globes correspondent
Galmed jumps on FDA hepatitis drug approval

The FDA awarded Fast Track Designation to aramchol for the treatment of Non-Alcoholic Steato-Hepatitis.

24/09/2014 12:19 Healthcare Moshe Golan
Israel Chemicals begins trading on NYSE

Israel Corp. has sold 60.2 million Israel Chemicals shares at $7 per share - an 8% discount on its TASE closing price on Tuesday.

23 September 2014

Yesh Atid strengthens at Likud's expense

The latest Rafi Smith opinion poll for "Globes" found the Likud losing ground over the 2015 budget debate.

23/09/2014 19:04 Politics Lilach Weissman
Axel Springer leading contender to buy Zap Group

Axel Springer has already offered NIS 140 million for Zap.

Google offers $15m prizes for best educational apps

Terra Venture Partners will advise Israeli entrepreneurs taking part in XPRIZE.

23/09/2014 18:51 Start ups Roy Goldenberg
Wizz Air adds Tel Aviv-Budapest, Bucharest flights

The low-cost airline has also restarted Tel Aviv-Warsaw flights earlier than planned.

23/09/2014 17:33 Tourism Globes correspondent
Australian VC fund Square Peg expands to Israel

Square Peg plans to invest $100 million annually in Australia, Israel, and the US.

23/09/2014 17:14 Start ups Roy Goldenberg
Digital delivery co ironSource raises $85m

The money was raised from a syndicate of strategic and institutional investors from the US, China and Europe.

23/09/2014 16:33 Start ups Nadav Neuman
BioCancell share jumps on positive cancer trial results

The clinical trials demonstrated safety and effectiveness of the treatment on high-risk bladder cancer patients.

23/09/2014 14:50 Healthcare Kobi Yeshayahou
Arab Bank liable for financing Hamas terrorism

Jordan's largest bank was found guilty in the US of financing Hamas suicide bombers.

23/09/2014 13:23 Legal Globes correspondent
Trendlines Group set for Toronto IPO

The technological incubators company is raising C$9 at a company value of C$80 million, after money.

23/09/2014 12:49 Healthcare Gali Weinreb
Clal Biotech sues Hyperion for $200m

Clal Biotechnology alleges Hyperion made "rash and ill-considered" decisions in the Andromeda affair.

23/09/2014 11:48 Healthcare Globes correspondent
IDF downs Syrian plane over Golan

A Patriot missile brought down a Syrian Sukhoi 24 jet that penetrated Israeli air space.

23/09/2014 10:57 Politics Globes correspondent
Murderers of 3 Israeli youths killed

Marwan Kawasmeh and Amer Abu-Eisha were killed in an exchange of fire with Israeli forces in Hebron.

23/09/2014 10:30 Politics Globes correspondent

22 September 2014

Israel Electric CEO quits over reform failure

Eli Glickman said Finance Minister Yair Lapid has no intention of implementing the reform.

22/09/2014 19:41 Politics Hedy Cohen
Hotels expect high occupancy over holidays

100% occupancy is expected in Eilat, the Dead Sea and Haifa and 90% in Jerusalem on Rosh Hashanah.

Events planning platform co HoneyBook raises $10m

The platform allows event planners to collaborate with their clients.

Israelis living longer, marrying later

The most typical Israeli is an unmarried 30 year-old Jewish woman living in the center of the country.

22/09/2014 17:19 Economy Globes correspondent
Tel Aviv in talks with Waze to ease jams

The municipality may integrate data on traffic signal times, parking lots, and more.

22/09/2014 17:13 IT Tzahi Hoffman
Prices of smaller new cars set to rise

"Green" tax revisions by the Tax Authority will have little effect on more expensive cars.

22/09/2014 16:34 Economy Dubi Ben-Gedalyahu
Bank of Israel leaves interest rate unchanged

The Bank of Israel has also lowered its 2014 growth forecast to 2.3% from 2.9%.

22/09/2014 16:33 Economy Kobi Yeshayahou
Just 2% growth seen in 2014

2014 per capita growth will be close to zero, the Central Bureau of Statistics reports.

22/09/2014 15:26 Economy Amiram Barkat
Israel awards Intel $300m grant

Minister of Economy: Without the grant, Intel's investment would go elsewhere.

22/09/2014 13:24 Economy Yuval Azulai
Unemployment up

Israel's unemployment rate rose to 6.4% in August, with the rise mostly among women.

22/09/2014 12:52 Economy Kobi Yeshayahou
Dov Baharav buying 2% Gilat stake

Gilat Satellite Networks chairman Baharav will buy shares from York Capital alongside FIMI.

22/09/2014 12:18 IT Shiri Habib-Valdhorn
Compromise emerging on Israel Postal Company

In all-night talks, the Finance Ministry and the Histadrut agreed on changes in the Postal Company's workforce.

22/09/2014 10:56 Economy Globes correspondent
Shekel weaker against dollar with BoI rate call due

Several analysts see the Bank of Israel announcing a further interest rate cut today.

22/09/2014 10:12 Market Moshe Golan
Nir Gilad seen stepping down as Israel Corp splits

Israel Corp CEO Nir Gilad is expected to join Idan Ofer's international business activity.

22/09/2014 09:48 Market Globes correspondent
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