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05 February 2016

Shlomo Sixt Israel's car leasing cos suspected of tax evasion

The Israel Tax Authority has been conducting a wide-ranging undercover investigation in the auto and leasing sectors.

05/02/2016 14:06 Legal Gur Megiddo
shekels Shekel ends week stronger, well below NIS 3.90/$

Over the past week, the Israeli currency has gained 1.7% against the dollar.

05/02/2016 14:01 Market Hillel Koren

04 February 2016

Gad Zeevi joins bidding for Alon Blue Square

Zeevi, who is flush with cash, proposes an immediate injection of NIS 250 million into Alon Blue Square.

04/02/2016 21:06 Market Omri Cohen
Gindi offers Alon Blue Square NIS 240m injection

Gindi Holdings is also willing to pay the Alon Israel Oil Company NIS 115 million for the controlling interest.

Israel Aerospace workers threaten industrial action

The workers are protesting management's unilateral streamlining measures.

Apax in talks to buy 50% Renuar stake for NIS 350m

The Renuar fashion group owns two chains with a total of 168 branches.

CollPlant reports positive "tennis elbow" trial results

The company hopes for European marketing approval in the second quarter of 2016.

04/02/2016 15:51 Healthcare Globes correspondent
Strike ends at Elbit Systems unit Elop

Employees have won pay rises and a one-time bonus.

New Israeli home sales up 40% in 2015

Sales reached the highest level ever under the current housing survey format.

04/02/2016 14:33 Real estate Ori Chudy
Wizz Air to launch new Israel-Romania route

The low-cost airline will begin two weekly flights between Tel Aviv and Iasi on July 1.

04/02/2016 13:55 Tourism Globes correspondent
Shekel surges against dollar, sinks against euro

FXCM Israel: The fall below NIS 3.94/$ suggests a broader correction downwards with the next target NIS 3.90/$.

04/02/2016 11:09 Market Globes correspondent
Nestle seeks to delist Osem from TASE

Nestle is offering to buy the public's 36.32% stake in the Israeli food manufacturer at a 25% premium.

Ceva 2015 growth driven by record 92m units shipment

The Israeli chip company sees $67 million revenue in 2016, up from $59.5 million last year.

04/02/2016 08:34 Market Globes correspondent
MediWound trial success a boon for parent company

Clal Biotechnology is expected to gain from its subsidiarys successful trial of a wound treatment with massive potential.

04/02/2016 06:51 Healthcare Shiri Habib-Valdhorn
Elop strike spreads to other Elbit Systems units

The Histadrut is to disrupt work throughout Elbit Systems in solidarity with Elop employees.

03 February 2016

PSG invests $96m in Israeli cyber co Skybox Security

Some of the company's shareholders have sold the controlling stake in Skybox to PSG.

03/02/2016 16:24 Start ups Tali Tsipori
FIMI raises $1.1b private equity fund

The FIMI 6 Fund is the largest ever raised in Israel.

03/02/2016 16:06 Economy Shiri Habib-Valdhorn
Adama parent co ChemChina bids for Sygenta

Swiss company Sygenta is a major competitor of Israeli pesticide company Adama.

Japanese airline VP: Israel is growing market

All Nippon Airways (ANA) launched flights from Tel Aviv to Japan via Europe in December.

03/02/2016 15:02 Tourism Michal Raz-Chaimovich
Israeli car seat startup Carfoldio raises $1.5m

Ra'anana resident Jon Sumroy, an immigrant from the UK, has developed a car safety seat one tenth the size of existing  products.

03/02/2016 14:40 Start ups Globes correspondent
Barclays Israel again questioned on tax evasion

The Tax Authority and Barclays Israel CEO Leonard Rosen are disputing the bank's VAT liability.

Shekel loses ground

The dollar is strengthening against the shekel despite weakening against major global currencies.

03/02/2016 11:20 Market Globes correspondent
Private equity investment up 3% in 2015


There were 90 deals worth $3.4 billion in Israel last year, the IVC-Shibolet Private Equity Survey found.

03/02/2016 10:34 Economy Globes correspondent
Amdocs profit down on slightly higher revenue

The business systems company reported profit was down 5% in the first fiscal quarter from the corresponding quarter.

03/02/2016 10:02 IT Globes correspondent

02 February 2016

RR Media $200m sale talks break down

The potential buyer was probably European satellite company SES.

02/02/2016 17:47 Market Shiri Habib-Valdhorn
Car deliveries in Israel hit new record in January

36,000 new vehicles were delivered last month, including 5,000 luxury and premium cars.

Azrieli in talks to buy major Holon lot

The 13-acre lot has building rights totaling 193,000 sq.m. and a NIS 280 million price tag.

02/02/2016 15:02 Real estate Ori Chudy
Joint Israeli-Chinese fund raises over $200m

Catalyst CEL Fund invests in mid-to-late stage Israeli companies with proven innovation and global presence, with a special focus on China.

02/02/2016 14:37 Start ups Globes correspondent
Histadrut chief joins Herzog's Zionist Union

Avi Nissenkorn is joining a political party for the first time.

02/02/2016 14:10 Politics Yossi Nissan
Elbit JV wins $713m UK flight training deal

Elbit and KBR's joint venture Affinity will deliver systems to the UK Ministry of Defense over 18 years.

Tower completes acquisition of Texas foundry

The $40 million acquisition will expand the company's worldwide manufacturing capacity by about 28,000 wafers per month.

02/02/2016 12:19 IT Globes correspondent
Azrieli in talks to sell Sonol to David Wiessman

Azrieli Group, which seeks to focus on its core real estate business, has held negotiations with several parties on Sonol.

Israeli co Interacting to develop Real Madrid app

Gamification company Interacting Technology has signed an agreement to monetize fan engagement.

02/02/2016 10:56 Start ups Tali Tsipori
Green-blue is the new Orange

After its highly publicized spat with Orange brand owner France Telecom,Israel's Partner Communications has been secretly brewing its green-blue rebranding.

Burger King re-launches in Tel Aviv

The fast food chain, now backed by Pierre Besnainou, will open four more branches around Israel in February.

02/02/2016 10:29 Tourism Ilanit Hayut
Tax Authority targets rabbis

A new tax circular defines criteria for taxation of income from services such as weddings and circumcisions.

02/02/2016 10:18 Economy Ela Levy-Weinrib

01 February 2016

Tel-O-Fun extends bike rent service to Ramat Gan

10 bicycle rental stations in Ramat Gan have been added to the 160 throughout Tel Aviv and Givatayim.

Enterprise recovery fund launched

The new Israeli fund will assist enterprises in the periphery that get into financial difficulties.

01/02/2016 17:57 Economy Yuval Azulai
2BCommunity invests in fashion venture CO.CO

Yoel Cheshin's 2BCommunity seeks investments in new business models with a social conscience.

01/02/2016 17:48 Start ups Shiri Dover
Elbit Systems' Elop unit hit by strike

Elop workers say the company is evading its collective labor agreement and refusing to negotiate.

Playtech eyes $427m OpenBet acquisition

Teddy Sagi's gambling platform technology company is among the suitors for gambling software company OpenBet.

01/02/2016 16:36 Market Tali Tsipori
Israel's local authorities to strike next week

100,000 local authority employees are protesting non-payment of a NIS 1,000 grants the Histadrut insists was agreed with the Finance Ministry.

01/02/2016 15:41 Economy Yossi Nissan
Israeli group ZAKA granted advisory status at UN

The UN Committee on NGOs unanimously voted to recognize the victim identification organization.

01/02/2016 15:02 Politics Ran Dagoni, Washington
Antitrust Authority opposes selling Mega to Rami Levy

A senior Antitrust Authority official told "Globes" such a deal would be a long-term catastrophe.

01/02/2016 14:53 Mergers & acquisitions
Dun's 100: Herzog Fox Neeman again top law firm

In the Dun's 100 latest rankings for Israel's top law firms, Meitar Liquornik Geva Leshem Tal is in second place.

01/02/2016 14:38 Legal Globes correspondent
Noble Energy team presents Leviathan development plan

Company executives told Israel's Energy Minister Yuval Steinitz that the development timetable could be shortened.

01/02/2016 13:19 Energy Hedy Cohen
Discount Bank offers First Int'l stake to institutions

Discount Bank is asking a minimum of NIS 44.7 per share, 5% below yesterday's closing price.

Bezeq updates 2015 estimate

The company maintains its NIS 1.7 billion profit guidance, and sees free cash flow of NIS 2.25 billion.

01/02/2016 10:01 Market Hillel Koren

31 January 2016

Former Hapoalim chairman to be charged with tax evasion

Shlomo Nehama is also accused of fraud and deception on the NIS 45 million sale of his Tel Aviv apartment.

31/01/2016 18:46 Real estate Chen Ma'anit
OECD praises Israel's economic strength, slams inequality

The report also found Israel's home prices were rising at the fastest rate in the OECD and that Israelis scored high on satisfaction with their lives.

31/01/2016 18:40 Economy Amiram Barkat
Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Rehovot, Holon and Beit Shemesh.

31/01/2016 18:19 Real estate Ori Chudy
Intel Israel's exports fall to $4.1b in 2015

Intel Israel's exports, already 11% of the country's high-tech exports, will jump with the upgrading of the Kiryat Gat fab.

31/01/2016 14:59 IT Yuval Azulai
Gasoline prices in Israel to fall 0.87% Sunday night

The maximum price of 95 octane gasoline at self-service pumps will fall by NIS 0.05 per liter, from NIS 5.78 to NIS 5.73, on February 1.

31/01/2016 14:15 Energy Globes correspondent
Sleep apnea treatment co Nexense raises $3m

The Israeli company's product, worn as a chest strap or wristwatch, monitors physical parameters during sleep.

31/01/2016 13:39 Healthcare Idan Rabi
Noble Energy: We can develop Leviathan by 2019

Despite the steep drop in energy prices, Noble Israel Country Manager Bini Zomer is confident Leviathan can be developed.

31/01/2016 13:13 Energy Globes correspondent
Israel-Turkey reconciliation gains momentum

Following mediation by US Vice President Joe Biden, Israeli and Turkish negotiating teams will meet in the next two weeks.

31/01/2016 12:41 Politics Globes correspondent
Gindi agrees to buy Alon Blue Square for NIS 115m

The deal is conditional on Alon Blue Square rescheduling its NIS 900 million debt to its banks and bondholders within 10 days.

31/01/2016 11:36 Real estate Omri Cohen
US regulator asked to nix Teva-Allergan generics merger

The American Antitrust Institute has written to the US Federal Trade Commissionarguing that the merger will harm competition in generic drugs.

31/01/2016 11:03 Healthcare Globes correspondent
Leviathan partners sign gas contract with Israel's Edeltech

Edeltech is Israel's largest private power producer. Delek Drilling CEO Yossi Abu: This shows our commitment to developing Leviathan.

31/01/2016 10:07 Energy Hedy Cohen

29 January 2016

Netflix buys its first Israeli television show

The Greenhouse from Yes and Nickelodeon will be produced locally by original showrunner Giora Chamizer.

Ashtrom wins tender for Tel Aviv rental units

The group submitted the NIS 121.5 million winning bid for the rights to build 350 apartments for rent.

29/01/2016 14:39 Real estate Ori Chudy
Rosh Pina - Eilat flights launched

Ayit Aviation and Tourism has begun twice weekly flights, with special offers for residents of northern Israel.

29/01/2016 14:28 Tourism Michal Raz-Chaimovich
Shekel ends week stronger against dollar

The Israeli currency gained nearly 2% against the yen after the Bank of Japan boosted world markets with a surprise rate cut.

29/01/2016 14:23 Market Globes correspondent
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