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22 June 2017

David Bitan  photo: Eyal Izhar Coalition, opposition agree: NIS 4,000 disabled allowance

Coalition chairman David Bitan rejected the Simhon Committee's NIS 3,200 recommendation.

22/06/2017 19:17 Economy Globes correspondent
Stella Handler  photo: PR/Yanai Yehiel ISA questions Bezeq CEO Stella Handler

Handler joins Bezeq controlling shareholder Shaul Elovitch and Yes CEO Ron Eilon on the list of  those questioned in the Bezeq-Yes affair.

Noam Bardin photo: Tamar Matsafi Waze founder Noam Bardin: Silicon Valley thinks little of Israel

Bardin and Bank of Israel Research Department head Nathan Sussman punctured Israeli self-satisfaction at an Israel Democracy Institute conference.

22/06/2017 18:07 Economy Amiram Barkat
Benjamin Netanyahu (Photo: Reuters) 70% of Israeli gov't decisions implemented

Prime Minister's Office: Israel is one of the few OECD countries that monitors implementation of government decisions.

22/06/2017 17:25 Economy Amiram Barkat
Amir London Photo: Einat Levron Kamada withdraws European drug marketing request

The European Medicines Agency is demanding additional data that require another trial.

22/06/2017 16:47 Healthcare Gali Weinreb
Yes Yes valuation dispute escalates

A Bezeq director tried to get Merrill Lynch to raise its valuation for Yes, in opposition to his company's interests.

Azrieli Triangle Tower  photo: Tamar Matsafi Bezeq leaving Tel Aviv

Bezeq is moving its HQ out of the Azrieli Triangle Tower and looking for a company to build new offices at Mesubim Junction.

Israel Chemicals Photo: Eyal Yizhar Israel Chemicals to sell non-core assets worth $500m

Acting CEO Asher Grinbaum has been cutting spending and costs to deal with lower potash prices.

Herzliya beach Photo: Shutterstock ASAP Creative Herzliya mayor withdraws city's masterplan

Moshe Fadlon: There wasn't enough consultation with the residents.

22/06/2017 13:07 Real estate Guy Nardi
Haim Katz Photo: PR Police to question Welfare Minister in IAI probe

Investigators in the fraud unit will question Haim Katz about the manipulation of tender for service providers.

Teva  photo: Reuters Teva loses $235m patent trial to GSK

A US court dismissed Teva's claim that GlaxoSmithKline's patent for the Coreg drug was invalid.

22/06/2017 12:36 Healthcare Nitzan Cohen
diamonds Diamond Exchange to set up startup incubator

The new center for diamond and jewelry technologies will be with a consortium including Brinks, and China's Pantheon Pacific.

22/06/2017 11:34 Start ups Yuval Azulai
Tamar Delek to sell $1.2b Tamar stake in TASE IPO

Delek Drilling will spin off a 9.25% stake to new company Tamar Petroleum in order to divest from Tamar, in the biggest ever TASE offering.

22/06/2017 10:19 Energy Globes correspondent
Jon Medved Photo PR OurCrowd launches strategic network of global cos

25 global corporations have already signed up for the Israeli company's OurNetwork including Honda, GE, Samsung Ventures Israel, Intuit, SAP, Autodesk,and YESBank.

Drone interception system Photo: PR Rafael unveils laser based drone interception system

The Israeli defense company's Drone Dome uses radar and a laser beam in order to locate and destroy hostile drones.

Yaky Yanay Photo: Eyal Yizhar China's Innovative Medical cancels Pluristem investment

Pluristem blamed Chinese foreign current regulations, but the Chinese company said it was dissatisfied with the results of due diligence.

22/06/2017 07:23 Healthcare Gali Weinreb
Hot Hot seeks to replace Fox News with i24news

The Knesset has passed a bill allowing Hot and Yes to broadcast Patrick Drahi-owned i24news, which is produced in Israel.

22/06/2017 06:28 Market Yonatan Kitain

21 June 2017

Elovitch barred from Bezeq offices

The Tel Aviv Magistrates Court today imposed restrictive conditions on the main suspects in the Bezeq-Elovitch affair. Yes CEO Ron Eilon is under house arrest.

21/06/2017 20:42 Legal Gad Perez
Bar Refaeli testifies in tax assessment appeal

The Israeli super-model is appealing an assessment by the Israel Tax Authority, which claims she lived in Israel in 2009-2010.

21/06/2017 16:28 Legal Ela Levi-Weinrib
Intel joins Team8 cybersecurity syndicate

Intel will join Team8 cyber syndicate members who include Microsoft, Cisco, Qualcomm, AT&T, Citigroup, Accenture, Nokia and Mitsui.

21/06/2017 16:10 Start ups Globes correspondent
Court declares Eliezer Fishman bankrupt

Judge Eitan Orenstein has appointed Adv. Joseph Benkel trustee for Fishman's assets in the bankruptcy proceeding.

21/06/2017 14:35 Legal Chen Ma'anit
Elbit, Israel Aerospace target German market

Israel Aerospace Industries will open a new branch in Berlin.

Israeli co helps Mexican gov't spy on opponents

The Pegasus program breaks into smartphones and eavesdrops and monitors calls, text messages, and e-mails.

21/06/2017 12:58 IT Yuval Azulai
El Al orders three more Boeing Dreamliners

The 787 will provide El Al with unmatched fuel efficiency and environmental performance.

21/06/2017 12:56 Tourism Globes correspondent
Shekel continues to weaken

The widening interest rate gap between Israel and the US is weighing on the shekel.

21/06/2017 11:32 Market Globes correspondent
Elbit Systems wins $20m African Gulfstream deal

Elbit will install its J-MUSIC Directed Infrared Countermeasure (DIRCM) system including an advanced Infrared based Passive Airborne Warning System (IR PAWS).

SoftBank invests $100m in Israeli co Cybereason

Cybereason’s proprietary, automated SaaS cybersecurity technology and advanced monitoring services have protected hundreds of Fortune 1000 companies.

21/06/2017 08:14 Start ups Globes correspondent
Beit Shemesh highway almost complete

The new 10 kilometer stretch of Road 38 links Beit Shemesh with the Tel Aviv - Jerusalem highway.

TA light rail Green Line northern branches approved

Branches will extend to Herzliya and Ramat Hahayal.

Regulator slams abuse by controlling shareholders

We do not go easier on celebrities said ISA chairman Shmuel Hauser when speaking about the investigation of Bezeq.

21/06/2017 06:53 Market Amiram Barkat

20 June 2017

Gal Gadot earned just $300,000 for Wonder Woman – report

The blockbuster movie has accumulated over $500 million in box office receipts in two weeks.

Hainan plans Tel Aviv - Guangzhou flights

The Chinese airline already operates direct flights from Tel Aviv to Beijing and to Shanghai.

Energean submits Karish, Tanin development plan

The Greek energy company will invest $1.3 billion in developing the offshore Israeli fields with gas flowing by 2020.

20/06/2017 16:16 Energy Nati Yefet
Pancho buys US Alzheimer's sheltered housing facility

The Israeli real estate company paid $17.5 million for the property.

20/06/2017 15:33 Healthcare Nitzan Cohen
Fishman's creditors agree on bankruptcy proceedings

Fishman: The banks rejected the debt arrangement because of public pressure, not on its merits.

20/06/2017 13:59 Financial services Chen Ma'anit
Bond issues postponed due to Bezeq probe

The restructuring of the Elovitch Group has been put on hold.

20/06/2017 12:48 Market Nitzan Cohen
Israel Aerospace tests long-range LORA missile

LORA is an artillery weapon system with 400 km long-range tactical ground-to-ground missile and precision of 10 meters or better.

Owners seek to rebuild Tel Aviv Carlton Hotel

Opposition to the plan is forming among the residents in the neighborhood.

20/06/2017 12:14 Real estate Shlomit Tsur
Alona Bar-On and Anat Agmon take over "Globes"

Yuval Sigler has been appointed publisher. Bar-On: "Globes" will continue to be an important medium in Israel, while preserving its editorial independence.

Israel Securities Authority raids Bezeq

Bezeq controlling shareholder Shaul Elovitch and senior executives are being questioned in a securities violations probe.

20/06/2017 09:57 Legal Gad Perez

19 June 2017

Sela Real Estate buys Mizrahi Tefahot HQ

The bank will lease back the eight floors in Ramat Gan's Moshe Aviv tower but plans moving its head office to Lod.

19/06/2017 19:35 Financial services Nitzan Cohen
Flug: 9% of employees carry the economy

The Bank of Israel Governor says that the 90% non high-tech employees have low wages and low productivity.

19/06/2017 19:32 Economy Amiram Barkat
First quarter housing starts down

Construction of 12,188 housing units began in the first quarter, the fewest since the fourth quarter of 2014.

19/06/2017 19:24 Real estate Ori Chudy
Aeronautics exhibits first military drone

The Pegasus 120 can carry different types of loads including heavy cameras and logistical assistance for troops in combat operations.

Tefron owner appointed CEO

Ben Lieberman has been acting CEO since the appointment of Eytan Stiassnie encountered regulatory problems.

Ben Gurion's renovated Terminal 1 inaugurated

The low cost carriers operating from Terminal 1 will pay half the parking fees paid at Terminal 3.

19/06/2017 17:36 Tourism Michal Raz-Chaimovich
Knesset C'ttee to probe Fishman collapse

The parliamentary committee of inquiry will summon the heads of the leading banks and Bank of Israel officials.

19/06/2017 17:28 Financial services Shay Niv
Ashot Ashkelon unveils hybrid emergency aircraft engine

The new engine keeps a plane airborne for 6-15 minutes after its regular engine stops working.

€20m EU loan to fund BiondVax Phase III flu vaccine trial

The Israeli company is developing a universal flu vaccination.

19/06/2017 16:01 Healthcare Gali Weinreb
Six ventures compete for over-45s entrepreneurs' prize

The Merage Institute will award $100,000 to the winner of its fourth annual 45+ Entrepreneurs competition.

19/06/2017 14:59 Start ups Idan Rabi
Israeli IoT co Augury raises $17m

The intersection of IoT and AI allows Augury to provide machines with a mechanical nervous system and the awareness to optimize their own health.

19/06/2017 14:18 Start ups Globes correspondent
Israel Corporation selling Oil Refineries shares

Oil Refineries' share price is falling on large turnover.

19/06/2017 14:05 Energy Nitzan Cohen
Kibbutzim mull selling Tnuva stake

The kibbutzim are angry about the delay in appointing a head of the Bright Food office in Israel.

19/06/2017 13:59 Basic industries Shany Moses
TASE launching foreign real estate cos index

The index will be composed of 25 bond series with an aggregate market value of NIS 14.5 billion.

19/06/2017 11:45 Real estate Kobi Yeshayahou
Phoenix share sale halted

Sources close to the matter denied that the sale by Jacob Shachar and Israel Kass was halted because of suspicions that inside information had been leaked.

19/06/2017 10:59 Financial services Nitzan Cohen
Gamida Cell raises $40m

The financing round, led by new investor Shavit Capital, will support Gamida Cell's Phase 3 trial of its NiCord bone marrow transplantation product.

19/06/2017 09:47 Healthcare Globes correspondent

18 June 2017

Elbit unveils airborne surveillance system

The Israeli company's "Eye in the Sky," for military and homeland security purposes, photographs and records 10 areas simultaneously.

Hadasit sells stem cell co Cell Cure stake

Hadasit sold its 21% stake in Cell Cure, which develops stem cell implants for treatment of retinal degeneration, to BioTime for $12.75 million.

18/06/2017 18:13 Healthcare Gali Weinreb
Israeli cabinet approves worldwide binary options ban

The Knesset is expected to approve the bill, which bans binary options as a form of gambling. 

18/06/2017 17:01 Financial services Shay Niv
Apartments sold and rented

A selection of recent real estate deals in Israel including in Ra'anana, Rehovot, Netanya, Holon and Eilat.

18/06/2017 16:35 Real estate Ori Chudy
First quarter growth revised downwards

The Central Bureau of Statistics now says that the Israeli economy grew at just 1.2% in the first quarter of 2017.

18/06/2017 14:55 Economy Moshe Golan
Fox in talks to open Urban Outfitters Israel stores

Fox wants to market the Urban Outfitters, Anthropologie, and Free People brands in Israel.

18/06/2017 14:23 Retailing Shany Moses
Netanya buyer fixed price tender closes

The Agam neighborhood project includes 212 housing units.

18/06/2017 13:49 Real estate Ori Chudy
Union Bank sees shekel weakening against dollar

The bank's economists expect the interest rate difference between the US and Israel to weaken the shekel and move it away from current three year lows.

18/06/2017 13:15 Financial services Hillel Koren
Herzliya mayor slams Apollonia building plan

Moshe Fadlon: Not a single housing unit should be built on the Apollonia site for 30 years.

18/06/2017 12:11 Real estate Shlomit Tsur
Israeli AI code co Codota raises $2m

The Codota pair-programmer, now available for Java, suggests the most appropriate code to developers in real-time.

18/06/2017 12:07 Start ups Globes correspondent
Double rates on unoccupied homes extended

Minister of Internal Affairs: The measure will increase the supply of rental housing.

18/06/2017 11:31 Real estate Ori Chudy
Gartner names cyber co empow "cool vendor"

Tel Aviv-based startup empow optimizes and orchestrates an organization's existing security tools.

18/06/2017 11:09 Start ups Globes correspondent
Kenon reduces Qoros stake

A new Chinese investor will invest 6.5 billion yuan for one third of loss-making auto venture Qoros.

15 June 2017

Jerusalem Light Rail talks with CityPass break down

The Ministry of Finance has refused to prolong talks on construction of extensions to the Red Line.

Africa-Israel board: Don't liquidate us

An opinion commissioned from MNS says that the Africa-Israel bondholders will get more money from either of the two bids for the company than by selling its assets separately.

15/06/2017 19:28 Real estate Omri Cohen
CPI up 0.4% in May

The rate of inflation over the past twelve months was 0.8%. The rise in home prices moderated.

15/06/2017 18:51 Economy Amiram Barkat
El Al ranked dirtiest, noisiest airline at Heathrow

El Al came fiftieth of fifty airlines ranked in London Heathrow Airport's  Fly Quiet and Clean League Table.

15/06/2017 17:51 Tourism Michal Raz-Chaimovich
Household debt continues to grow

Total debt owed by Israeli households rose 1.3% in the first quarter, while credit for non-housing purposes rose even faster.

Nano Dimension awarded Space Florida grant

Nano Dimension and Semplastics are jointly developing 3D ceramic materials in which inkjet technology can be used.

Encore Properties raises NIS 475m on TASE

The bond offering of the US real estate company was oversubscribed.

15/06/2017 14:41 Real estate Aviv Levy
GM to test autonomous cars on Israel's roads

GM Israel and Mobileye have both received Transport Ministry permits to test their cars on the country's highways.

Aeronautics TASE IPO gets underway

The IPO reflects a company value of over NIS 1 billion as NIS 510 million was raised at the institutional stage - the biggest TASE offering this year.

Shekel strengthening despite US rate hike

The shekel continues to appreciate against the dollar even though the Federal Reserve has raised the US interest rate by 25 basis points.

15/06/2017 11:03 Market Globes correspondent
Kaspersky opens Jerusalem future tech lab

The center will research cyber threats that target new technologies, including Internet of Things, embedded systems, automotive and industrial control systems.

15/06/2017 09:02 IT Globes correspondent
Under Armour to open 15 more Israeli stores

The US brand currently has two concept stores in Israel including one opened recently in the Gindi TLV mall.

15/06/2017 06:51 Retailing Michal Raz-Chaimovich
Antitrust Authority ends SuperPharm mall monopoly

The exclusivity enjoyed by 120 SuperPharm branches in Israeli commercial centers will end.

Technion to launch $200m VC fund

The fund, in partnership with Hong Kong's UGC and Israel's Genesis, will invest in companies related mainly to the Technion and its alumni.

15/06/2017 06:44 Start ups Globes correspondent

14 June 2017

TV production platform co eTribez raises $3.5m

The company's platform has been used in more than 150 productions in 15 countries.

14/06/2017 18:43 Start ups Idan Rabi
Political risk evaluation co GeoQuant raises $4m

GeoQuant combines political science and computer science to address current inefficiencies in measuring political risk for investors.

14/06/2017 18:34 Start ups Globes correspondent
Mobileye shareholders approve Intel acquisition

Intel will pay $15.3 billion for Mobileye, which has a $14 billion market cap.

Gov't to offer 15,000 discount price homes

Eligible homebuyers can register for lotteries for the housing units, most of which are in high-demand areas.

14/06/2017 17:57 Real estate Ori Chudy
CompuLab files for $24m Nasdaq IPO

The company makes microcomputers, computers without fans and computers on modules.

14/06/2017 17:46 IT Shiri Habib-Valdhorn
Open source software co WhiteSource raises $10m

The Israeli startup grew revenue 300% year-over-year for the last three years by tapping the need to better track and secure open source assets.

14/06/2017 14:30 Start ups Idan Rabi
GM Israel unveils autonomous car prototype

Based on Chevrolet's Bolt electric car, the prototype is being tested on public highways in Israel.

Foresight begins Nasdaq trading Thursday

Starting tomorrow, the Israeli auto-tech company will switch to the US reporting format.

14/06/2017 12:49 IT Globes correspondent
Beer Yaakov to become city of 100,000

The city near Rishon Lezion is set to grow fivefold over the coming years after the Tzrifin army camp is vacated.

14/06/2017 12:03 Real estate Ori Chudy
Shekel resumes gains ahead of US rate call

The market has priced in a 97% likelihood of a US Federal Reserve rate hike.

Israeli blockchain co Bancor raises $153m

The Tel Aviv based company raised the money in digital currency in a record ICO (initial coin offering).

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