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29 September 2016

Erez Vigodman Photo: Eyal Yizhar Teva alleges fraud by Rimsa's previous owners

In its response to the New York court, Teva also accuses Rimsa of trickery to deceive the Mexican regulator.

29/09/2016 07:05 Healthcare Shiri Habib-Valdhorn

28 September 2016

6 bids in Israel Railways electrified cars tender

Siemens, Alstom, Stadler, Hitachi, Skoda, and Bombardier are competing in the NIS 3 billion tender.

Nasdaq exec: Private capital raising requires knowhow

Nasdaq Private Market business development director Europe Maoiliosa O'Culachain told a Tel Aviv conference about the advantages of public trading.

28/09/2016 16:34 Market Globes correspondent
Kitov Pharma jumps on osteoarthritis trial success

The successful trial of Kitov's KIT-302 flagship drug for osteoarthritis pain treatment brings the company one step closer to FDA approval.

28/09/2016 14:23 Healthcare Moshe Golan
Apple developing iPhone 8 in Israel - report

Sources at Apple's development center in Herzliya told "Business Insider" that they are working on the iPhone 8, which will be released in 2017.

28/09/2016 13:58 IT Globes correspondent
Leumi sells Menorah mortgage portfolio for NIS 1.6b

The bank will keep 20% of the portfolio, valued at NIS 2 billion and continue its operation and management.

28/09/2016 13:43 Financial services Yossi Nissan
Shekel loses ground

The appreciation of the Israeli currency against the dollar and euro has come to an abrupt halt.

28/09/2016 12:54 Market Globes correspondent
Fattal and Shlomo Group acquire Madrid hotel

Fattal has leased the Spanish hotel for 20 years from Shlomo Group after acquiring hotels in Scotland and Slovenia last week.

28/09/2016 12:10 Real estate Aviv Levy
Israel's population on eve of 5777: 8.6 million

The country's population has grown 2% over the past year, the Central Bureau of statistics reports.

28/09/2016 11:48 Economy Globes correspondent
First Israelis indicted from Panama Papers information

Two business partners have been arrested for unreported profits totaling millions of shekels from companies in tax shelters.

28/09/2016 11:29 Legal Globes correspondent
World leaders to attend Peres funeral

US President Barack Obama and Pope Francis are expected to head a huge delegation attending Shimon Peres's funeral in Jerusalem on Friday.

Shimon Peres dies

One of Israel's great statesmen and a founding father, the former president and prime minister was 93.

28/09/2016 06:44 Politics Globes correspondent

27 September 2016

Israeli smart city co Reporty raises $5.15m

The homeland security startup's chairman, the former Israeli Prime Minister and Defense Minister Ehud Barak, led the investment.

Boston Scientific buys EndoChoice for $210m

The acquisition of the gastroenterology company is at a 100% premium on the market price.

27/09/2016 19:14 Healthcare Gali Weinreb
BidFlyer teams with El Al to auction unbooked seats

The airline is to cooperate with Israeli startup BidFlyer, which identifies flights that were not fully booked and offers heavily discounted fares.

27/09/2016 18:47 Tourism Michal Raz-Chaimovich
Auto parts co DENSO chooses Autotalks V2X device

The Israeli company will provide the Japanese company with its V2X communications platform.

27/09/2016 17:09 Start ups Globes correspondent
Israeli cyber security co SecBi raises $5m

The Beersheva based company's financing round was from Orange, Connecticut Innovations, Amichai Shulman and JVP.

Doctors say condition of Shimon Peres has worsened

The condition of Israel's 93 year old former president and prime minister has significantly deteriorated.

27/09/2016 15:56 Politics Globes correspondent
Brisk demand for Discount Bank offering

The bank raised NIS 700 million in the offering of shares and options, with demand reaching NIS 1.3 billion.

27/09/2016 15:14 Financial services Irit Avissar
Israeli virtual container co Aqua Security raises $9m

Microsoft Ventures led the Series A funding with Shlomo Kramer and TLV Partners.

Nano Dimension raises $12m in Nasdaq offering

The 3D printers company's market cap has zoomed 200% since it was first listed on the TASE in 2014.

27/09/2016 14:39 IT Shiri Habib-Valdhorn
ChemChina mulls buying Clal Insurance

ChemChina may vie with another Chinese company, China Minsheng, to buy control of the Israeli insurance company.

27/09/2016 14:21 Financial services Ron Stein
ISA to hold investment advisors exam in English

The Israel Securities Authority will allow candidates to take exams in securities law and professional ethics in English for the first time.

Mekorot raises NIS 700m debt from institutions

Demand exceeded NIS 1 billion for the bond offering, aimed at partially funding the Israeli water company's five-year development plan.

Bank of Israel growth forecast hike boosts shekel

Keeping the interest rate unchanged was expected but raising the growth forecast has strengthened the shekel.

27/09/2016 12:05 Market Globes correspondent
Josef Mandelbaum to step down as Perion CEO

The move follows a campaign by Ronen Shilo, who owns 11.6% of Perion Network, for changes in itsboard and management.

27/09/2016 10:38 IT Shiri Habib-Valdhorn
Ben-Moshe investing NIS 500m in Alon Blue Square

The company is expanding its previously announced refinancing plan.

27/09/2016 10:18 Market Omri Cohen

26 September 2016

Chinese investors to buy Israeli app BlindSpot

The $28 million acquisition of the anonymous messaging app is part of Oded Kobo and Roman Abramovich's Shellanoo Group's disinvestment from Israel.

Flug: Multi-home tax will cut prices, raise rents

The Bank of Israel Governor said Kahlon's tax initiative would lower home prices at the expense of raising rent.

26/09/2016 18:47 Real estate Amiram Barkat
Shareholders sue Teva over Rimsa acquisition

The shareholders claim that Teva was negligent in its acquisition of the Mexican pharmaceutical company.

26/09/2016 18:46 Healthcare Shiri Habib-Valdhorn
Samsung launches Israel startup investment program

Samsung Electronics has opened Samsung NEXT Tel Aviv - a branch of its early-stage technology investment program.

26/09/2016 17:27 Start ups Globes correspondent
Nissenkorn: Kahlon "most social finance minister ever"

The Histadrut chief flattered the finance minister during a ceremony marking the direct employment of 300 former contract cleaners at Assaf Harofeh Hospital.

26/09/2016 16:51 Employment Amiram Barkat
BoI keeps rate unchanged, raises growth forecast

The Bank of Israel has raised its growth forecast for both 2016 and 2017.

26/09/2016 16:38 Economy Moshe Golan
Israel's Aleph closes $180m venture capital fund

This is the second Israel startup investment fund closed by the Tel Aviv venture capital firm.

Former Yisrael Beitenu ministers to be indicted

The Attorney General has decided to indict former tourism minister Stas Misezhnikov, former deputy interior minister Faina Kirshenbaum and 14 others. 

26/09/2016 15:44 Politics Chen Ma'anit
MK David Bitan: Tax homes over NIS 20m threshold

The Coalition chairman proposes only taxing homeowners with three or more homes worth over NIS 20 million.

26/09/2016 15:04 Real estate Amiram Barkat
Jordan signs $10b Leviathan gas deal

Leviathan partners have signed a huge agreement to provide Jordan's National Electric Power Company with 45 BCM of natural gas.

26/09/2016 15:03 Energy Globes correspondent
Leumi cuts exec pay as new law bites

The salaries of Bank Leumi's CEO and chairman will be reduced to NIS 2.5 million in 2017, and neither will be entitled to bonuses.

26/09/2016 13:21 Financial services Irit Avissar
BioLineRX boosted by liver disease drug acquisition

BioLineRX will develop the drug up to the human clinical trial stage under its collaboration agreement with Novartis.

26/09/2016 12:19 Healthcare Gali Weinreb
Siemens exec: Bribery affair must never be repeated

Siemens Global Power and Gas Division CEO Willi Meixner says his company seeks investment in Israeli gas-fuelled power plants.

26/09/2016 12:16 Legal Amiram Barkat
Discount Bank in equity offering

The bank seeks to accelerate growth in its credit portfolio and to improve its capital adequacy ratio.

26/09/2016 10:26 Financial services Irit Avissar

25 September 2016

Discount selling Jerusalem, Tel Aviv, Haifa branches

Discount Bank has already posted a NIS 60 million first half capital gain on its real estate sales so far this year.

25/09/2016 21:12 Financial services Irit Avissar
Shaked: PM has no conflict of interest on multi-home tax

The Minister of Justice sees no conflict of interest in Benjamin Netanyahu voting on the multi-home tax because he owns three homes.

Export Institute: Israel's goods exports hit 6-year low

Exports of goods, excluding diamonds, totaled $24 billion in January-June, compared with $25.3 billion in the first half of 2015.

25/09/2016 17:34 Economy Yuval Azulai
Ben Gurion Airport expects busier holidays than 2015

Due to congestion, passengers flying before the holidays are asked to arrive at the airport four hours before flight time.

25/09/2016 16:38 Tourism Globes correspondent
Netafim buys Central American irrigation co RyM

The Israeli irrigation systems company has made its 29th acquisition, this time targeting the Central American market.

Hainan Airlines adds flights to Tel Aviv-Beijing route

Hainan Israel says demand is strong in both Israel and China on the line, which was launched in April.

25/09/2016 15:34 Tourism Michal Raz-Chaimovich
Imperva jumps on IBM, Cisco acquisition reports

The IT security company's share price soared after "Bloomberg" reported that IBM, Cisco and a joint Vista-Raytheon venture are interested in buying it.

25/09/2016 15:22 IT Shiri Habib-Valdhorn
Intel to build 'smart' Israel development center

Intel Israel has laid the cornerstone for its Petah Tikva campus, based on IoT technology, to house 2,500 development personnel currently working in 13 buildings.

25/09/2016 14:58 IT Globes correspondent
Tel Aviv's Pub Hub wins startup award

The Pub Hub won the Credit Suisse, OurCrowd and Tadmor & Co. Yuval Levy & Co, Pitching Ring Award 2016 for its daytime use of bar areas as a joint work space.

25/09/2016 14:20 Start ups Globes correspondent
"It's the middle class or Lapid and the wealthy"

Minister of Finance Moshe Kahlon says the 3-home tax boils down to a choice between young couples and the middle class or Lapid and the wealthy.

25/09/2016 13:57 Real estate Yossi Nissan
China's Neusoft, Infinity set up $250m Israel med-tech fund

The establishment of the new fund was announced at Innonation - the Second China-Israel Investment Summit in Tel Aviv.

25/09/2016 12:20 Healthcare Globes correspondent
Netanyahu: I have conflict of interests on multi-home tax

Prime Minister Benjamin Netanyahu said he did not know how many members of Knesset owned three or more residences.

Tel Aviv trains roll again - 48 hours early

Tel Aviv railway stations that were closed last week for infrastructure work reopened this morning

22 September 2016

Lev Leviev buys house from Arnon Mozes - report

Leviev paid NIS 10.5 million for the Savion home for his son Shalom, the 7th Eye website reports.

New system gives pinpoint navigation in Israel

Precision in GPS navigation will improve from ten meters to one meter.

Hebrew U agri-tech fund investing in cannabis co

Cannabi-Tech's device detects, analyzes and sorts medical cannabis.

22/09/2016 18:58 Healthcare Gali Weinreb
Treasury preparing changes to multi-home tax

Coalition chairman David Bitan: There's no majority for the new tax.

22/09/2016 18:06 Real estate Amiram Barkat
Fattal buys hotels in Scotland and Slovenia

Fattal Hotel Management currently has 100 hotels worldwide, and owns all or part of 51 of them.

22/09/2016 17:37 Real estate Kobi Yeshayahou
Mortgage taking dips

Mortgages taken in August totaled NIS 5.5 billion, down from NIS 6.23 billion in the same month last year.

Gil Sharon, Elco pull out of Golan acquisition

The only potential buyer left in the race for Golan Telecom is Hezi Bezalel.

22/09/2016 16:29 Market Gad Perez
Salaries of TASE employees skyrocket

The average monthly Tel Aviv Stock Exchange salary cost has risen from NIS 17,000 in 2000 to NIS 45,000 today.

22/09/2016 16:08 Employment Ron Stein
Israeli anomaly detection co Anodot raises $8m

The Ra'anana-based company can help prevent billions of dollars of losses through its real-time anomaly detection and machine learning.

22/09/2016 16:00 Start ups Globes correspondent
Foreign tourist overnights down 15% in August

Israeli overnights totaled 1.76 million, 4% less than in August 2015, The Israel Hotel Association reports.

22/09/2016 15:26 Tourism Michal Raz-Chaimovich
Israel's unemployment rate reaches new low

Israel's unemployment rate fell from 4.7% in July to 4.6% in August, the Central Bureau of Statistics reports.

22/09/2016 14:36 Economy Globes correspondent
Fed boosts shekel against dollar

FXCM Israel: The Fed has cut its growth forecast, lowering rate hike expectations this year.

22/09/2016 10:24 Market Globes correspondent
4 arrested over unreported HSBC Swiss accounts

The Menachemov brothers - diamond dealers - have been released on bail after surrendering their passports.

22/09/2016 09:53 Legal Ela Levi-Weinrib
Israeli teachers worst paid in OECD

Israeli elementary school teachers earn less than in all the other OECD countries, a new report finds.

22/09/2016 08:46 Economy Tali Tsipori
7 groups to bid in huge IDF data centers tender

The Israel Defense Ministry's largest-ever technology tender, which will consolidate dozens of IDF data centers, is getting underway.

21 September 2016

TASE CEO Yossi Beinart quits

The TASE is in crisis, with declining revenue and an acute labor dispute.

21/09/2016 19:00 Market Ron Stein
Israel's roads increasingly congested

The figures highlight the Israeli government's ongoing failure to promote the use of public transportation.

Nano Dimension files for $10m Nasdaq offering

The 3D printer manufacturer plans to expand marketing and sales of its DragonFly2020 printer and ink.

21/09/2016 17:51 IT Shiri Habib-Valdhorn
Network relationship co Mobilize raises $6.5m

The Israeli company has developed a solution designed to solve the huge challenges of organizing and communicating with large external groups.

21/09/2016 16:00 Start ups Globes correspondent
Four suspects questioned on unreported HSBC accounts

The Israel Tax Authority has a list of 8,000 Israelis with accounts in HSBC Switzerland. Arrests are imminent.

21/09/2016 15:19 Legal Ela Levi-Weinrib
BlueRock to sponsor Israeli tennis star Amir Weintraub

The international Real Estate investment fund wants to help Weintraub climb back into the rankings of the world's top 200 tennis players.

Lev Leviev wins nearly $200m in arbitration

The arbitration ruling over Leviev's corporate split from Moti Klein has now been submitted for court ratification.

21/09/2016 12:14 Market Nitzan Cohen
Golan Telecom in advanced sale talks

A consortium of Gil Sharon and Elco are in pole position to acquire the Israeli mobile operator.

21/09/2016 11:11 Market Gad Perez
Israeli crowdfunding co OurCrowd raises $72m

The Jerusalem-based crowdfunding platform has to date invested over $300 million in 100 portfolio companies and funds.

21/09/2016 10:26 Start ups Gali Weinreb
Gafni: Finance C'ttee won't approve 3-home tax

The Finance Committee chairman said that the Economic Arrangements bill is a shame on the Knesset.

CA Technologies buys Israeli co BlazeMeter for $100m

With offices in Tel Aviv and Palo Alto, BlazeMeter has developed open source-based continuous application performance testing.

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