Front > News


30 October 2014

Gideon Wertheizer picture: Tamar Matzapi Ceva hits growth stride again

The semiconductor company's third quarter results beat the analysts' estimates on both revenue and earnings.

30/10/2014 15:58 IT Shiri Habib-Valdhorn
gasoline pumps Price of fuel in Israel to fall just NIS 0.27

The price cut is smaller than expected in view of the global drop in oil prices..

30/10/2014 15:19 Economy Hedy Cohen
Haifa Port Shapir-Ashtrom group wins Haifa port tender

The consortium, which bid NIS 4 billion, overcame Shikun & Binui and Ludreco.

Erez Vigodman  picture: Eyal Yitzhar Teva beats analysts with $1.1b Q3 profit

Sales of MS drug Copaxone rose 5%. CEO Erez Vigodman: We delivered improvement in profitability in all businesses.

30/10/2014 13:49 Healthcare Hillel Koren
Yair Seroussi Seroussi: To stay a start-up nation we must try harder

Bank Hapoalim chairman Yair Seroussi said the trend of Israeli start-ups shifting overseas had to be addressed.

30/10/2014 13:26 Start ups Globes correspondent
Russell Ellwanger Tower and Physical Logic take on $2.6b market

The companies have announced volume production of high performance MEMS-based accelerometers.

30/10/2014 11:02 IT
shekel  picture: Tamar Mitzpi Shekel weakens against dollar after Fed announcement

The US dollar is strengthening on world markets after the Federal Reserve announced the end of quantitative easing.

30/10/2014 10:00 Market Yossi Nissan

29 October 2014

FIMI plans merging Ormat units

Ormat Industries will be delisted from the TASE under the proposed merger.

29/10/2014 22:25 Energy Shiri Habib-Valdhorn
Radware jumps on strong guidance

The company expects up to $40 million profit in 2014.

29/10/2014 18:19 IT Shiri Habib-Valdhorn
State Comptroller slams failures on unreported capital

Enforcing the law on tax evaders could pay for the 0% VAT plan for young couples 13 times over.

29/10/2014 17:32 Economy Gur Megiddo
SaaS co Valooto raises $1.5m

Valooto's platform converts sales proposals into live, online, interactive proposals.

29/10/2014 17:26 Start ups Globes correspondent
BSP receives FDA approval for ECG test

Marketing approval for Europe was obtained a year ago.

29/10/2014 16:53 Healthcare Gali Weinreb
Automated freight loading co Freightos raises $7.6m

The proceeds will help fund the companys vision of bringing international freight online with automated pricing and booking.

Perion to lay off dozens of employees

The risks and changes in the Internet search market have had a negative impact on Perion Network's business.

29/10/2014 15:51 IT Shiri Habib-Valdhorn
Kamada awarded FDA orphan drug status for GVHD

Glassia may be able to treat and reduce the severity of Graft-versus-host-disease.

Dankner seeks investments in Central America

Nochi Dankner is reportedly looking for investments in hotels, real estate, and mining.

29/10/2014 14:36 Market Globes correspondent
SodaStream revises guidance downwards

The home carbonated drinks company sees full year 2014 revenue decreasing 9% from $562.7 million in 2013.

29/10/2014 14:34 Market Globes correspondent
UNICEF: Israel has 4th highest child poverty in West

Only Spain, Greece and Latvia have more child povery than Israel.

29/10/2014 14:22 Economy Globes correspondent
Elbit wins Canadian army satellite systems deal

Elbit Systems Land and C4I Head: This contract is an important milestone in our satellite communication activity.

Evogene opens new crop protection R&D center

The Rehovot facility will support the company's product programs focusing on fungus, insect and weed control.

29/10/2014 12:48 Market Globes correspondent
Wix acquires online restaurant co OpenRest

Wix will now offer restaurant owners a complete online business solution tailored to their needs.

IT incident management co BigPanda raises $7m

BigPanda also launched a data science platform to automate IT Incident Management.

29/10/2014 12:01 Start ups Globes correspondent
Shekel still strengthening after rate decision

The shekel has gained 1.2% against the dollar since the Bank of Israel's surprise decision not to cut the interest rate.

29/10/2014 10:34 Market Adi Ben-Israel
Fresh US tax evasion allegations rock Leumi

Bank Leumi might add hundreds of millions of shekels to the NIS 1.1 billion already made in provisions.

29/10/2014 10:07 Financial services Irit Avissar
Shufersal begins implementing 800 layoffs

The supermarket chain is closing 15 branches as part of its streamlining plan.

29/10/2014 09:28 Retailing Ilanit Hayut

28 October 2014

Treasury to encourage Internet purchases abroad

The campaign is part of efforts to lower the cost of living in Israel.

28/10/2014 18:44 Economy Amiram Barkat
Golf in talks to buy Honigman

Retail fashion chain Honigman has 170 branches around Israel.

IAI exhibits unmanned combat marine system

The KATANA unmanned vessel supports a wide range of Homeland Security applications.

Export Institute to support cyber security sales

The Export Institute is founding an entire new unit for cyber security.

28/10/2014 17:55 IT Yuval Azulai
Israel to buy 2nd F-35 squadron

But purchase of the V-22 Boeing helicopter-plane is off for the moment, due to budget constraints.

28/10/2014 16:04 Politics Globes correspondent
Infrastructure automation co QualiSystems raises $8m

The financing round was led by the venture capital arm of a leading cloud company.

28/10/2014 15:22 Start ups Globes correspondent
Israelis spend 4.5 hours a day on Internet

Google Israel survey: 84% of Israeli women would give up sex rather than the Internet.

28/10/2014 14:36 IT Roy Goldenberg
Matomy Media acquires mobile ad platform MobFox

The Israeli digital ad company will pay $17.6 million for MobFox.

Endochoice plans $150m Nasdaq IPO

The US gastrointestinal endoscopy company merged with Israeli company Peer Medical in 2013 and investors include Israel's Accelmed.

28/10/2014 12:20 Healthcare Gali Weinreb
FDA gives Phase III nod for Intec Parkinson's treatment

Intec Pharma says it expects the Phase III trial for its Accordion Pill Levodopa to take place in the second half of 2015.

28/10/2014 12:15 Healthcare Hillel Koren
Haifa Port workers call wildcat strike

The workers are protesting the plan to build new ports and sell a minority stake in the Ports Co.

Baran rises strongly on contract talks announcement

Baran is in talks on an overseas infrastructure project worth $200 million.

28/10/2014 10:20 Market Aviv Levy
Shekel strengthens sharply after rate decision

FXCM Israel: The decision not to lower the interest rate will not change the trend of a rise in the shekel-dollar rate.

28/10/2014 09:52 Market Yossi Nissan

27 October 2014

Defense Ministry: Budget shortfall of billions

The Defense Ministry is threatening to stop training exercises and other operations at the start of 2015.

Diabetes diagnosis co CNoga Medical raises $12.5m

The company's device can measure blood sugar without puncturing the skin.

27/10/2014 18:26 Healthcare Gali Weinreb
Antitrust chief encourages consumer boycotts

Prof. David Gilo said that boycotts are a welcome phenomenon that can curb the rises in prices.

27/10/2014 17:46 Retailing Lilach Weissman
BoI leaves November interest rate unchanged

Analysts expected the Bank of Israel to cut the rate, which is already at an historic low.

27/10/2014 16:20 Market Adi Ben-Israel
Tower Semiconductor signs debt refinancing agreement

The company replaced loans for repayment in the next two years, with a $111 million loan maturing by October 2018.

27/10/2014 15:14 IT Globes correspondent
Record third quarter for Israeli high-tech investment

IVC: 170 start ups raised $701 million, the best third quarter figure ever.

27/10/2014 13:08 Start ups Globes correspondent
Israeli food prices racing ahead of OECD

A Knesset report finds that prices rose 34% in Israel between 2005 and 2013, much more than the OECD average.

27/10/2014 12:34 Economy Ilanit Hayut
Shekel-dollar rate dips as rate decision awaited

Some analysts see the Bank of Israel cutting its rate further, and possibly announcing a quantitative easing program.

27/10/2014 12:03 Market Hillel Koren
Victory supermarkets slash prices with parallel imports

Victory CEO Eyal Ravid: My consumer enjoys 30% lower prices, and I make a higher profit.

27/10/2014 10:24 Retailing Ilanit Hayut
Israel Chemicals sells APW units to Japan's Kurita

Kurita will pay 250 million for Israel Chemicals' aluminium, paper and water products units, mainly based in Germany.

26 October 2014

El Al pilots protest lowering retirement age

Over 300 El Al pilots called on El Al supervisors to resign in protest.

IAI unveils maritime surveillance radar systems

The new lightweight systems are being exhibited at the Euronaval International Naval Defense and Maritime Exhibition in Paris.

Water rates to fall 10% in January

Streamlining steps by the water corporations have made the cut possible.

26/10/2014 17:50 Water Yuval Azulai
Babylon fires over third of workforce

The Internet services company is laying off 15 employees.

26/10/2014 17:10 Employment Shiri Habib-Valdhorn
FIMI Fund offer to purchase for Gilat

FIMI wants to buy 5.1 million Gilat Satellite shares at $4.95 a share.

Analysts see BoI lowering November interest rate

Trading in short-term loans indicates expectations that the interest rate will be cut by 0.10% to 0.15%.

26/10/2014 15:42 Economy Amiram Barkat
Jordan to finalize Leviathan gas deal next month

Jordan's Energy Minister Mohammed Hamed told "Reuters" that the 15-year deal will be signed in November.

26/10/2014 14:47 Energy Globes correspondent
Clal Biotech licenses cancer drug to Medivation

Clal Biotech unit Curetech could receive up to $335 million in milestone payments and royalties.

Sodastream jumps on PepsiCo deal

The home carbonated drinks maker will test several PepsiCo flavors in Florida stores.

26/10/2014 12:00 Market Globes correspondent
French businessman Thierry Leyne kills himself in Tel Aviv

Leyne, who was the partner of former IMF head Dominique Strauss-Kahn, dies after jumping from the Yoo Towers.

26/10/2014 11:53 Economy Globes correspondent
Rafael wins huge Indian anti-tank missile deal

India is buying Israeli company Rafael's Spike missile in preference to Raytheon and Lockheed Martin's Javelin.

23 October 2014

Gov't approves limits to cash transactions

The move is aimed at combatting black capital and money laundering

23/10/2014 20:43 Economy Irit Avissar
Alcobra admits trial result "not statistically significant"

The company's share price is falling steeply in New York

23/10/2014 19:36 Healthcare Globes correspondent
IDB share plunge unsettles bondholders

The bondholders have joined forces under "The Organization for Defense of the Public's Savings" and are considering legal action.

Mellanox reports strong third quarter

Revenue was$120.7 million, up 16% on the corresponding quarter.

23/10/2014 16:18 IT Shiri Habib-Valdhorn
Check Point beats on revenue and earnings

CEO Gil Shwed: We continued to deliver double-digit growth in our combined products and software blades revenues.

23/10/2014 15:09 IT Globes correspondent
Langotsky drops claim against Ratio over Leviathan discovery

Yossi Langotsky, who now admits he has no case against Ratio, is exposed to NIS 3 million costs.

23/10/2014 14:29 Legal Ela Levy-Weinrib
Emilia Holdings mulls selling Palziv stake

Palziv, controlled by Kibbutz Ein Hanatziv, makes a range of polyethylene foam products.

23/10/2014 12:23 Chemicals & plastics Ron Stein
Israel Railways to electrify

Transport Minister Yisrael Katz: This project will change the face of transport in Israel.

Shekel-dollar rate keeps rising

FXCM: The weakening of the shekel against the US dollar this week is down to the dollar's strength on world markets.

23/10/2014 10:01 Market Hillel Koren

22 October 2014

Meir Shamir invests in Elbit wearable computing unit

Shamir, Ami Lustig and Roy Ben-Yami have bought preference shares in Everysight to the tune of $5 million.

Israel's ISDS to manage security at Rio Olympics

ISDS will be able to draw on a $2.2 billion budget.

Israeli gov't finally raises PV solar power quotas

The decision is a shot in the arm for the Israeli solar industry, which has been frozen for two years.

22/10/2014 18:21 Energy Globes' correspondent
Tech cos band together to boost Israeli school math

Ten companies have joined the "5times2" project to double the number of teenagers studying high-level mathematics .

22/10/2014 18:03 Economy Gali Weinreb
We're not doing our job, Lapid tells Finance Ministry

Yair Lapid: Do you want your epitaph to be ''Here lies Moshe, who kept the budget balanced"?

22/10/2014 17:35 Economy Amiram Barkat
MyHeritage teams with personal DNA co 23andMe

The collaboration between the companies will make it possible for users to take personal DNA tests, and to use them study their family histories.

22/10/2014 16:26 IT Roy Goldenberg
Plus500 CEO: Our p/e ratio is low

The online trading paltform company's third quarter revenue shows 181% annualized growth.

22/10/2014 16:12 IT Tali Tsipori
Carmel Ventures raises $194m Fund IV

Asian investors Baidu, Ping-An and Qihoo360 and others have joined the new fund.

22/10/2014 15:00 Start ups Roy Goldenberg
Beta-O2 starts clinical trial for artificial pancreas

The ßAir Bio-Artificial Pancreas is aimed at ending insulin injections for type 1 diabetes patients.

22/10/2014 14:59 Healthcare Gali Weinreb
Netanyahu: Elections are the last thing we need

The prime minister called on coalition members to act together for the good of the country.

22/10/2014 12:33 Politics Lilach Weissman
One in seven Israelis feels poor

725.3 thousand people in Israel define themselves as poor: 29% of Israeli Arabs and 12% of Israeli Jews.

22/10/2014 12:02 Economy Amiram Barkat
DSP Group teams with Qualcomm on home automation solution

The solution will enable delivery of advanced cordless telephony features.

22/10/2014 11:01 IT Globes correspondent
Shekel-dollar rate resumes climb

FXCM: A rise above NIS 3.75/$ could spur more speculators to join the wave.

22/10/2014 10:25 Market Moshe Golan
Elbit Systems wins contracts worth $85m in Asia

The contracts, mainly for an F-5 fighter upgrade, are with an unnamed Asian country.

Twitter Facebook Linkedin RSS Newsletters