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24 July 2016

medical device illustration Medical Compression announces 30% layoffs

Despite talks with a strategic partner, MCS has halted all R&D efforts and initiated a second round of layoffs since 2015.

24/07/2016 18:21 Healthcare Gali Weinreb
Israel's exports Photo: Bloomberg Israeli exports continued to fall in May

The Central Bureau of Statistics reported that exports of services fell 5.2% in May

24/07/2016 16:20 Economy Amiram Barkat
Benjamin Netanyahu  photo: Reuters Netanyahu: I'm not trying to control the media

Prime Minister Benjamin Netanyahu insists he is opening the market to competition, not controlling it.

24/07/2016 15:42 Politics Globes correspondent
drug development Israeli drug developer Entera Bio raises $7.5m

The company is developing an orally administered drug for the treatment of pulmonary hypertension.

24/07/2016 15:06 Healthcare Gali Weinreb
Tel Aviv jam Israel's roads most heavily congested in OECD

The OECD states that Israel's green tax on cars in fact subsidizes new car purchases and contributes to traffic congestion.

Internet  picture: Shutterstock Bezeq to upgrade bandwidth to 200-300Mb by 2017

The Israeli telecommunications provider is also laying fiber optic lines with an unlimited speed potential.

24/07/2016 14:10 IT Gad Perez
Moshe Kahlon Photo: Yonatan Bloom Kahlon plans levy on owners of 3 or more homes

The measure is part of the Minister of Finance's efforts to cool off the housing market.

Eggs with forged markings Photo: Egg Board Israeli inspectors seize eggs smuggled from West Bank

So far this year, Agriculture Ministry inspectors have thwarted smuggling of one million eggs from the West Bank to Israel.

24/07/2016 13:11 Legal Ilanit Hayut
EastMakers Photo: PR Israel-China cooperation helps Israeli startups enter China

Three IoT startups will receive an investment and production services in China.

24/07/2016 12:48 Start ups Yossi Nissan
Playtika Chinese consortium in talks to buy Playtika - report

The Chinese join the competition for the Israeli social games company , after a Korean gaming firm bid $4.3 billion, "Reuters" reports.

Jerusalem hills Jerusalem: construction beyond green line continues

Despite international condemnation, Jerusalem's District Planning and Building Committee has submitted a plan for 770 homes near Gilo.

24/07/2016 11:31 Real estate Walla News
Ofer Bengal Photo: Tamar Matsafi Israeli cloud service co Redis Labs raises $14m

The company had 350% year over year revenue growth for its Redis Labs Enterprise Cluster downloadable software.

Lebanon gas exploration, photo: Reuters Delek bids for Cypriot exploration licenses

Delek's units Avner and Delek Drilling have bid as part of the Capricorn Oil consortium.

24/07/2016 10:18 Energy Globes correspondent

22 July 2016

UK funding Israel-Arab research programs

The two programs are promoting cooperation between Israeli and Palestinian researchers on water and medical research.

22/07/2016 10:44 Healthcare Gali Weinreb
Teva raises 1b Swiss francs in debt

The Israeli pharmaceutical company has raised $20.4 billion in debt financing over the past week for the imminent $40 billion acquisition of Actavis.

22/07/2016 10:39 Healthcare Globes correspondent

21 July 2016

Sagol family to pay NIS 1.7b tax on Keter sale

The Sagol family will be liable for capital gains tax on the huge sale of Keter Plastic to BG Partners.

Cellcom gets court injunction freezing Golan-Hot agreement

Cellcom alleges that the agreement violates its previously signed agreement to acquire Golan Telecom.

21/07/2016 16:22 Legal Globes correspondent
Israel Antitrust Authority raids ISSTA tourism co

There are allegation that ISSTA unit Academy Travel is operating a cartel in the organization of youth delegations to Poland.

21/07/2016 15:00 Tourism Globes correspondent
Israel Aerospace signs German drone deal

Airbus Defense and Space will operate IAI's Heron 1 for gathering intelligence in Mali.

Castro confirms talks to buy 50% Hoodies stake

Hoodies CEO Yossi Gabison: The value of the prospective deal is NIS 430 million.

Shekel stronger against dollar, bucking global trend

FXCM Israel: The dollar index is at a 4-month high but the shekel-dollar rate has been stable since mid-May.

21/07/2016 12:02 Market Globes correspondent
Mellanox reports 5th straight quarter of record revenue

The Israeli big data connectivity company saw revenue rise 9% in the second quarter of 2016.

21/07/2016 10:16 IT Globes correspondent
Teva raises €4b in European bond offering

The Israeli pharmaceutical company also raised $15 billion earlier this week as it is set to complete the $40 billion Actavis acquisition.

20 July 2016

Mizrahi Tefahot to sell 8 floors in Aviv Tower

The bank expects to make a 100% profit on the sale and lease back its Ramat Gan head office for 10 years.

20/07/2016 21:13 Financial services Irit Avissar
BC Partners to buy 80% Keter stake

BC Partners will acquire Sami Sagol's Keter Plastic at a company value of $1.7 billion.

El Al to launch startup accelerator

Founded jointly by El Al and JetBlue, the accelerator for aviation and tourism startups will begin operating in October.

20/07/2016 18:15 Tourism Idan Rabi
Israel's Trendlines to set up Singapore medtech incubator

The incubator will be based on ideas originating at universities, and government research institutes in the region.

20/07/2016 17:37 Healthcare Gali Weinreb
Delek, Noble to bid for new Cypriot licenses

The companies will be competing against Eni, BP, Shell and Total for Blocks 6, 8 and 10.

20/07/2016 17:17 Energy Hedy Cohen
Augmented reality co Pixie Technology raises $18.5m

Designed, the Israeli company combines augmented reality navigation with innovative signaling technology to help people find their everyday items.

20/07/2016 16:37 Start ups Globes correspondent
19,000 register for Rishon apartment lotteries

396 housing units are being assigned in four lotteries in Rishon Lezion's Harakefot neighborhood.

20/07/2016 15:51 Real estate Ori Chudy
TechnoPlus prepares for sale of CompuLab

The investment firm owns a 15% stake in the Israeli fanless computer development company CompuLab.

20/07/2016 14:21 Start ups Gali Weinreb
Ormat could face $375m payout in US lawsuit

Two former Ormat employees claim that the company defrauded the authorities in the US.

20/07/2016 12:48 Energy Shiri Habib-Valdhorn
Mekorot inaugurates Romanian purification plant

The Israel national water company has built the €10 million plant to purify wastewater in the city of Roman.

Melisron buys controlling stake in Ofer Park

The real estate group now owns 74% of the Petah Tikva high-tech park.

Israeli enterprise mobility co Capriza raises $23m

Capriza CEO: Our mission is to give every worker mobile access to their office systems, applications and data.

20/07/2016 12:17 Start ups Tali Tsipori
Shekel weakens against dollar amid thin summer trading

FXCM Israel: Unless there are any significant triggers, the shekel-dollar exchange rate is likely to continue to tread water.

20/07/2016 10:27 Market Globes correspondent
Elbit Systems awarded $30m surveillance system deal

The Israeli defense electronics company will supply advanced thermal-imaging observation systems to a country in Europe.

19 July 2016

Purchase tax cut for small-engine motorcycles

The purchase tax on motorcycles with engines up to 125cc will be cut by up to 40% to encourage use in congested cities.

FIMI in advanced talks to buy kibbutz co Galam

FIMI will pay NIS 300 for the company, which produces raw materials for the food industry.

Gov't to market 15,000 homes in haredi sector

Housing Ministry: The government will build 200,000 housing units for haredim in 20 years.

19/07/2016 17:32 Real estate Ori Chudy
Strong demand for Leumi early retirement program

The bank has filled its quota, and is no longer accepting applications from employees.

19/07/2016 15:38 Financial services Irit Avissar
Clal Insurance in talks to buy Delek power station

Advanced talks are underway for the acquisition of the Ashkelon power station sale for NIS 200 million.

19/07/2016 15:22 Energy Ron Stein
Hospital dept heads to be barred from private practice

Despite plans to provide generous salary boosts, the Ministry of Health is concerned about the response of senior doctors.

19/07/2016 14:50 Healthcare Shay Niv
Israeli mobile security co Skycure raises $16.5m

Skycure CEO: Mobile is the biggest challenge to enterprise security today.

19/07/2016 14:22 Start ups Globes correspondent
Barclays: Golan exit would raise telco revenue

Analyst Tavy Rosner: If the number of players declines from five to four, ARPU will recover in 2017.

19/07/2016 14:17 Market Shiri Habib-Valdhorn
Israel's labor productivity 14% lower than OECD average

According to the Bank of Israel periodic fiscal survey, cognitive skills are particularly low for construction, food and accommodation service workers.

19/07/2016 12:50 Economy Globes correspondent
Bladder treatment co Vensica raises $500,000

Israeli startup Vensica is developing a needle-free, painless procedure for the delivery of Botox to treat overactive bladder.

19/07/2016 12:06 Healthcare Globes correspondent
BrainStorm stem cell treatment succeeds in ALS trial

The results enable the company to continue clinical trials for its NurOwn treatment.

19/07/2016 11:35 Healthcare Gali Weinreb
Israeli cyber security co GuardiCore raises $20m

The company has developed internal data center security and breach detection solutions.

19/07/2016 11:22 Start ups Globes correspondent
Teva raises $15b debt

CFO Eyal Desheh: Further offerings in Europe are planned.

19/07/2016 09:36 Healthcare Globes correspondent

18 July 2016

Lebanon to issue offshore gas exploration permits

Lebanon plans issuing an exploration permit for bloc 9, even though it disputes 850 square kilometers of it with Israel.

18/07/2016 18:50 Energy Hedy Cohen
Israel Railways, Gett team on shared taxis

A new joint service will enable shared taxi ordering to and from railway stations.

Major stretch of Jerusalem - Tel Aviv highway opened

There are now three lanes in each direction on Road 1 between Sha'ar Hagai and Shoresh.

Israeli stroke treatment co PamBio raises $7m

The Nazareth-based startup was founded by Prof. Abd Higazi and his wife Dr. Nuha Higazi.

18/07/2016 17:05 Healthcare Gali Weinreb
Israel's defense industries prepare for layoffs - report

Israel's government concedes that the new US aid package will cancel the 26% manufactured in Israel allowance, reports "US Defense News."

Psagot on Frutarom: Growth already priced in

Psagot rates high flying Israeli food flavorings company Frutarom "Hold" with a price target below market.

18/07/2016 15:04 Market Hillel Koren
iGO developer buys auto cyber security co Arilou

NNG has bought control of Arilou Technologies for an unknown price.

Harel chief investment officer resigns citing salary law

Amir Hessel, Harel deputy CEO and head of Investments Division is expected to found a private investments fund.

18/07/2016 13:30 Financial services Ron Stein
Leumi transferring high-tech business to Herzliya center

The LeumiTech Business Center will open in the last quarter of 2016 and concentrate the bank's business with the high-tech industry in central Israel.

18/07/2016 12:30 Financial services Irit Avissar
Analysts cut Teva price targets

Goldman Sachs went as far as to downgrade the company to "Neutral", citing doubts about its ability to meet its multi-year guidance.

18/07/2016 11:58 Healthcare Shiri Habib Valdhorn
Delek in talks to buy into North Sea oil field

Delek Group is negotiating a $612 million deal with UK company EnQuest on rights in the Kraken field.

18/07/2016 11:08 Energy Globes correspondent
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