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26 February 2015

credit cards Average credit card interest rate: 8.4%

The three credit card companies made an aggregate NIS 669 million profit in 2014.

26/02/2015 23:13 Financial services Irit Avissar
Mobileye Mobileye revenue up, profit down

The driving safety systems company reported $39.7 million in revenue in the fourth quarter of 2014.

Tnuva  picture: Tamar Mitzpi Tnuva profit falls

Tnuva CEO: The food market shrank significantly in 2014 for the first time in many years.

26/02/2015 17:48 Basic industries Ron Stein
Shimon Peres and Tim Cook Tim Cook inaugurates Apple Israel headquarters

800 employees of Apple's Israeli acquisitions will work there.

26/02/2015 17:19 Real estate Tzahi Hoffman
Dudu Zaken Hapoalim, Mizrahi to set aside NIS 100m each for US fines

Talks with Supervisor of Banks David Zaken will decide how much should be provided for allegedly abetting tax evasion in the US.

Moti Ben-Moshe and Eduardo Elsztain Elsztain seeks IDB compromise with Ben-Moshe

Elsztain is offering arbitration of the dispute between them on IDB Development.

26/02/2015 16:19 Market Omri Cohen
Avi Nissenkorn Histadrut declares work dispute in southern Israel

The protest against Israel Chemicals layoffs will apply to all workplaces from Ashdod and southward.

26/02/2015 15:44 Employment Yossi Nissan
foreign currency Mobile security co Zimperium raises $12m

The round was led by Australian telecom company Telstra and included Zimperium's Japanese distributor TOYO.

26/02/2015 15:15 Start ups Globes correspondent
Ashdod Port Exports of Israeli goods soar 22.9%

Exports of goods surged by an annualized 22.9% from November to January, after a 24.4% spurt in the three preceding months.

26/02/2015 14:58 Economy Amiram Barkat
Nasdaq Kornit Digital files for $100m Nasdaq IPO

The Israeli company develops and markets digital printing solutions for the global printed textile industry.

26/02/2015 14:22 Market Tali Tsipori
gasoline pumps Gasoline prices to rise sharply Saturday night

The maximum price of a liter of 95-octane gasoline at self-service pumps will rise by NIS 0.38 to NIS 6.46 (including VAT).

26/02/2015 13:13 Energy Globes correspondent
Zvi Bar Former Ramat Gan Mayor convicted of bribery

Zvi Bar was found guilty of accepting bribes worth about NIS 2 million.

26/02/2015 12:13 Legal Chen Ma'anit
Dudu Zaken Banks setting money aside for US tax evasion fine - report

The Supervisor of Banks instructed Bank Hapoalim and Mizrahi Tefahot Bank to set aside money, reports Galei Zahal.

Lev Leviev Africa-Israel issues profit warning

Developments in the Russian economy pushed subsidiary AFI Development to a large fourth quarter loss.

26/02/2015 10:57 Real estate Hillel Koren
shekel Shekel stable despite BoI deputy governor's comments

FXCM Israel: We could see the Bank of Israel intervening to help the exchange rate rise above NIS 4/$.

26/02/2015 10:22 Market Globes correspondent
IEC Over 400 IEC employees to take early retirement

The measure is part of a new agreement Israel Electric Corp. has signed with the Histadrut and workers committee.

26/02/2015 09:24 Employment Globes correspondent

25 February 2015

Apple CEO meets President Rivlin in Jerusalem

Tim Cook is in Israel to open Apple Israel's new Herzliya headquarters.

25/02/2015 18:43 IT Tzahi Hoffman
SodaStream revenue slumps but profit rises

CEO Daniel Birnbaum: Repositioning the brand around health and wellness will reaccelerate our system.

25/02/2015 17:53 Market Globes correspondent
Manufacturers Assn. to negotiate collectively for gas

Antitrust Authority head David Gilo agrees that collective talks will help smaller companies get better prices for Tamar gas.

25/02/2015 17:29 Energy Hedy Cohen
Ceva unveils smartphone imaging-processor

Human-like vision processing is driven by applications in smartphones, automotive safety, robotics, and drones.

25/02/2015 17:24 IT Globes correspondent
BoI deputy governor hints at negative interest rate

The "Reuters" interview with Bank of Israel deputy governor Dr. Nadine Baudot-Trajtenberg has weakened the shekel.

25/02/2015 16:48 Economy Amiram Barkat
Pereg Ventures sets up $25m Israel, US fund

Pereg Ventures Fund I has already invested in Israeli price comparison company Zollo.

25/02/2015 16:12 Start ups Roy Goldenberg
Len Blavatnik invests $20m more in ironSource

The pre-IPO investment made through ClalTech increases ironSources company value to $1.5 billion.

25/02/2015 16:08 Start ups Roy Goldenberg
Cardiac monitoring co Vectorious raises $5m

Vectorious Medical Technologies is developing a novel cardiac monitoring system for congestive heart failure patients.

Magic acquires Israeli IT mainframe co

The operation being acquired is profitable, employs 60 mainframe experts, and serves top-tier clients.

25/02/2015 15:09 IT Globes correspondent
Israel Electric to resume West Bank power disruptions

The Palestinian Authority and Jerusalem Electricity Corp. owe the IEC NIS 2 billion.

25/02/2015 14:22 Politics Globes correspondent
Ormat Technologies sees 7% 2015 revenue growth

The geothermal energy developer reported record revenue in 2014 but lower profits.

25/02/2015 14:10 Energy Shiri Habib-Valdhorn
Top Israeli website replaces Outbrain with Taboola

Content recommendation platform Taboola has ousted rival Outbrain by signing an agreement with Walla!

25/02/2015 12:58 Start ups Roy Goldenberg
Shufersal records NIS 107m loss in 2014

In 2014, Shufersal implemented across-the-board price cuts, streamlining and branch closures.

25/02/2015 12:33 Retailing Hillel Koren
Elbit Systems unveils helicopter vision system

ClearVision provides an enhanced flight vision system solution for rotary-wing platforms.

Shekel firm as rate cut shock fades

FXCM Israel: US Fed chair Janet Yellen has cooled dollar demand with her interest rate statement.

25/02/2015 10:46 Market Globes corrrespondent
Bank Leumi issues profit warning

The US tax evasion affair and other write-offs mean the bank will report zero profit for the fourth quarter.

25/02/2015 10:07 Financial services Yossi Nissan

24 February 2015

Teva reports positive migraine drug Phase IIb results

Both high and low dose TEV-48125 demonstrated significant reduction in headache hours and headache days in patients.

24/02/2015 19:14 Healthcare Globes correspondent
Allot acquires IT security co Optenet for $38m

Allot Communications CEO: Optenet will help Allot become a leading player in the consumer SECaaS market.

Internet of Things co IQP teams with Japanese giants

IQP has partnered with Fujitsu, NEC and KDDI to develop IoT applications.

24/02/2015 16:27 Start ups Globes correspondent
SaaS co Knowmail raises $1.2m

The company helps professionals struggling with time management, email overload, prioritization, and work/life balance.

24/02/2015 15:38 Start ups Globes correspondent
Gilo postpones Israel gas monopoly decision until April

The Antitrust Authority will not decide on the Leviathan and Tamar gas fields until after the new government is formed.

24/02/2015 14:42 Energy Globes correspondent
Histadrut threatens general strike in south

The Histadrut is demanding a solution to the planned layoffs at Israel Chemicals.

24/02/2015 14:39 Employment Yossi Nissan
Shekel weakens further after rate cut

Analysts see the Bank of Israel as determined to protect Israeli exports by whatever means are necessary.

24/02/2015 10:09 Market Kobi Yeshayahou

23 February 2015

Israeli ad agency Allenby to open Amsterdam branch

Allenby is in talks to open a joint agency with Amsterdams Kwartvoorhalf agency and the makers of the IM IN app.

Israel Electric Corp. disrupts West Bank power supply

The first-ever disruptions are in response to the growing Palestinian Authority debt.

Fox launches Charles & Keith footwear chain in Israel

Fox plans 40 Israeli branches of the women's footwear chain within three years.

23/02/2015 17:54 Retailing Ilanit Hayut
Markstone seeks deferral of repayment to banks

A foreign entity is said to be interested in buying Markstone's stake in Psagot.

Shekel depreciates sharply after shock rate cut

The Bank of Israel's surprise move also pushed the Tel Aviv 25 Index above 1,500 points for the first time ever.

23/02/2015 16:46 Market Globes correspondent
BoI unexpectedly lowers March interest rate

Concerned by the strength of the shekel and deflation, the Bank of Israel has lowered the rate by 0.15% to 0.1%.

23/02/2015 16:26 Economy Globes correspondent
January job figures show slight improvement

Israel's unemployment rate fell to 5.6% in January, with more people working full time.

23/02/2015 15:36 Economy
State demands explanations from Israel Chemicals

The Finance Ministry is mulling the use of its "golden share" in the dispute over layoffs at Israel Chemicals.

Tower reports record revenue

Tower Semiconductor switched to a small GAAP profit in the fourth quarter of 2014 from a $30 million loss a year earlier.

23/02/2015 12:57 IT Hillel Koren
Alexander Granovsky faces Israel lawsuit over bank debt

Russian bank Alfa-Bank is demanding repayment of $15 million from Granovsky, who controls G. Willi-Food.

23/02/2015 11:57 Legal Shiri Habib-Valdhorn
Shekel strengthens in advance of interest rate decision

Most analysts believe the Bank of Israel will not cut its interest rate, despite deflationary pressures.

23/02/2015 09:49 Market Moshe Golan

22 February 2015

"Gov't understands gas compromise is non-starter"

Separate selling by gas companies sharing the same pipeline is impractical, says former Israel National Gas Authority chief Miki Korner.

22/02/2015 19:25 Energy Hedy Cohen
Israeli, UK researchers awarded 3m grants

The grants are part of a 10 million program for cooperation between the UK and Israel on regenerative medicine.

22/02/2015 17:18 Healthcare Gali Weinreb
Israeli website security co Namogoo raises $5m

The investment was made by Blumberg Capital, 83North, Inimity, Adler-Chomsky and Founders Guild.

22/02/2015 16:20 Start ups Globes correspondent
BoI and Treasury: High growth is only temporary

The Bank of Israel believes 7.2% growth in the fourth quarter was exceptional, reflecting the economic recovery after Operation Protective Edge.

22/02/2015 15:10 Economy Amiram Barkat
Israel orders 14 more F-35 stealth warplanes

The follow-on deal brings to 33 the number of F-35 aircraft that Israel is buying from the US.

Lufthansa introduces Israel Aerospace towing system

Lufthansa: The use of TaxiBot at Lufthansa's Frankfurt hub can save up to 2,700 metric tons of fuel on long-haul flights per year.

Weinstein mulls criminal probe into Netanyahus

The Attorney General will decide by next week whether to open a criminal investigation into the Netanyahus' household expenses.

22/02/2015 11:58 Politics Chen Ma'anit
Valeant buying Salix in $10b deal

Valeant Pharmaceuticals has been mentioned as a possible buyer of Israel's Teva.

22/02/2015 10:00 Healthcare Globes correspondent
Kinneret rises further 3 centimeters

Some roads in the south of Israel are still closed because of flooding.

22/02/2015 09:47 Water Globes correspondent
Discount Bank warns of zero Q4 profit

Discount Bank's fourth quarter results have been hit by several one-time events.

22/02/2015 09:38 Financial services Irit Avissar

19 February 2015

Tikal Networks to file for 5m London AIM IPO - report

"The Independent" reports that the Israeli call center designer is planning the offering at a company value of 16 million.

19/02/2015 18:33 IT Tali Tsipori
SolarEdge files for $125m Nasdaq IPO

The solar energy company will make the offering at a company value of around $500 million.

19/02/2015 18:31 Energy Tali Tsipori
Check-Cap raises $24m, including Nasdaq IPO

The diagnostic capsule company raised $12 million on Nasdaq, and $12 million from Fosun Pharma, GE Healthcare and Pontifax.

19/02/2015 17:31 Healthcare Gali Weinreb
Rafael sets up joint venture with India's Kalyani

The venture will produce missile systems, remotely controlled weapons positions, and advanced tank protection systems.

Bank Leumi mulls suing Galia Maor and Eitan Raff

Leumi has set up a committee to consider whether to sue the former chairman and former CEO over the US tax evasion affair.

19/02/2015 14:52 Financial services Irit Avissar
GetTaxi extends services to Eilat

The taxi hailing app company has signed up 100 drivers in the Red Sea resort.

19/02/2015 14:29 Start ups Roy Goldenberg
Billion shekel demand for Tshuva bond offering

Despite criticisms against the Delek bond issue, orders for the institutional tender totaled NIS 1.074 billion.

19/02/2015 14:05 Market Ron Stein
Enterprise mobility co SkyGiraffe raises $3m

SkyGiraffe enables immediate deployment of unlimited enterprise-grade read and write mobile applications.

19/02/2015 13:18 Start ups Globes correspondent
Dead Sea Works employees call strike

The workers committee is demanding cancellation of all layoffs at Israel Chemicals and the resumption of talks.

Shekel gaining ground against dollar

FXCM Israel: Falling below NIS 3.85/$ will speed up the appreciation of the shekel.

19/02/2015 11:15 Market Globes correspondent
Arkia signs $500m MoU to buy Airbus planes

Arkia plans purchasing two to four passenger aircraft, for long-distance flights.

Antitrust proposal calls for gas price ceiling

The compromise calls for lower gas prices, Delek to sell Tamar, and Noble Energy to sell part of its Tamar holdings.

18 February 2015

Israeli cos want preference in infrastructure tenders

Builders Association: Local contractors are given preference all over the world.

Nyotron raises $10m led by Meir Shamir

Nyotrons Paranoid software uses behavioral analysis to distinguish between legitimate activity and cyber-attacks.

Attempts to avoid all-out strike at Dead Sea Works

The Israel Chemicals workers committee has given management an ultimatum.

18/02/2015 17:57 Employment Yuval Azulai
Antitrust chief presents compromise to Noble, Delek

David Gilo is asking Delek to sell its holdings in the Tamar, Karish, and Tanin gas reservoirs.

18/02/2015 17:13 Energy Hedy Cohen
Israel Railways issues NIS 3b electrification tender

The tender includes the electrification of 420 kilometers of railway tracks.

Israel prepares for new round of snowstorms

Military vehicles are being deployed to provide medical and rescue services in the north, Jerusalem and other areas.

18/02/2015 17:07 Economy Yuval Azulai
Check Point buys threat prevention co Hyperwise

Gil Shwed: Acquiring Hyperwise will extend Check Point's threat prevention leadership.

18/02/2015 16:14 IT Globes correspondent
Israel defense cos present at Aero India airshow

An Israeli defense minister is visiting India for the first time to open the Israeli pavilion.

Facebook to add I Voted button for Knesset elections

Facebook EMEA Politics & Government expert Elizabeth Linder says the company hopes to remind others to go out and vote.

18/02/2015 15:07 Politics Roy Goldenberg
Israel Electric Corp. to bid for Mexican tender

The tender is for the design, supervision and construction of two power stations in Mexico.

18/02/2015 14:05 Energy Hedy Cohen
Apple Israel hiring 49 new employees

The new employees will work at Apple Israel's new Herzliya headquarters and Haifa office.

18/02/2015 12:58 IT Tzahi Hoffman
Broadband policy reform lowers Internet prices

Israelis can now connect to the Internet in one step, rather than dealing with infrastructure and Internet Service Providers separately.

Obstacles impede Israel's urban building boom

Next week's Globes Israel Real Estate and Infrastructures Conference will discuss barriers blocking city center construction.

Teva launches injectable generic Lovenox and Zyvox

Lovenox, which treats thrombosis and Zyvox, which treats infections, have combined annual US sales of $2.26 billion.

18/02/2015 11:24 Healthcare Globes correspondent
Supermarket chain Mega to close 5 branches, lay off 65

The workers committee claims management said that 10 branches will be closed and hundreds fired.

18/02/2015 10:44 Retailing Ilanit Hayut
Shekel maintains positive momentum

FXCM Israel: The market is beginning to take in that Greece might leave the euro zone.

18/02/2015 10:03 Market Yossi Nissan
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