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01 December 2016

Ein Gedi water image: screenshot Ein Gedi charges NIS 8 for water costing NIS 3

Israeli mineral water company Ein Gedi's gross profit rose to 63% of sales in the first nine months of 2016.

01/12/2016 21:06 Basic industries Ilanit Hayut
Moshe Gafni  photo: Flash 90 Finance C'tee suspends budget approval process

Knesset Finance Committee chairman Moshe Gafni said that he decided on a time out in order to try to reach agreements with the Ministry of Finance on "matters of substance".

01/12/2016 16:56 Economy Amiram Barkat
Road 6 south New Road 6 Negev section opens

The Cross Israel Highway now stretches 175 kilometers from Ein Tut in the north to Shoket in the south.

Waze Photo: Shutterstock/ASAP Creative Waze sued for directing drivers to quiet streets

A lawsuit by the residents of Herzliya Bet alleges that drivers directed by Wave to streets in their neighborhood are creating noise, dirt, and a safety hazard.

Hot Hot Mobile continued to strengthen in November

Hot Mobile gained a net 6,387 subscribers in November, while Golan Telecom lost 5,372.

new apartments NGO: Gov't doesn't want home prices to fall

A new report by the Adva Center argues that the government has no desire to bring down home prices despite the promises of the politicians.

Zim Zim losses mount

Zim posted a $171 million net loss in the first nine months of 2016.

01/12/2016 14:12 Market Kobi Yeshayahou
cannabis  photo: Kfir Ziv Israeli cannabis inhaler co Syqe targets US

Syqe's CEO has told "Bloomberg" that the company expects approval in other countries with the US "the obvious target."

01/12/2016 12:42 Healthcare
Shekels Photo: Shutterstock Shekel continues to gain ground

Although the dollar is appreciating worldwide, the Israeli currency continues to strengthen.

01/12/2016 11:12 Market Globes correspondent
Leviathan Leviathan partners sign $2b gas deal

The latest deal is with Or Energies, which will buy 8.8 billion cubic meters of gas over 20 years.

01/12/2016 10:27 Energy Nati Yefet
Zvi Stepak XIO Group buys Meitav Dash for NIS 1.48b

The London-based private equity fund will pay a 61% premium on the Israeli investment house's share price.

Mergers and acquisitions Photo: To Go Israeli co SinTecMedia buys Operative Media

The Jerusalem-based TV ad technology company is acquiring the US digital ad company for $200 million.

30 November 2016

Irit Izakson to be appointed First Int'l Bank chair

Izakson has announced her resignation from the Bank Hapoalim board of directors.

30/11/2016 20:46 Financial services Irit Avissar
India eyes Israeli tank, APC systems

Israeli companies involved in the Merkava tank and Namer armored personnel carrier held a seminar in India, Israel's biggest defense customer.

Class action against "lengthened" El Al flights

El Al has allegedly known that its pilots were deliberately making their flights last longer in order to increase their salaries.

30/11/2016 17:23 Tourism Michal Raz-Chaimovich
Teddy Sagi sells 12% Playtech stake for 329m

The Israeli billionaire's stake in the online gambling platform company has fallen to 21.6%.

30/11/2016 16:02 IT Globes correspondent
Flug pessimistic on Israel's long-term growth

The Governor of the Bank of Israel questions whether economic growth is sustainable without social integration.

30/11/2016 15:29 Economy Globes correspondent
Elbit unveils signal intelligence systems

The solutions for homeland security applications include data integration, signal interception and cyber intelligence.

OECD: Israel fuel tax among highest

Overall taxes on gasoline, including excise and VAT, constitute 65.4% of the price.

Teva shareholder wants corruption disclosure

The shareholder wants more information on the $500 million set aside for investigations related to violation of the US Foreign Corrupt Practices Act.

30/11/2016 14:37 Healthcare Chen Ma'anit
Discount set to sign collective wage agreement

Employees will receive a flat NIS 1,500 hike and a NIS 20,000 grant while managers will receive a NIS 1,750 raise.

Gett raises $100m in Russian bank loan

Sberbank is extending a venture loan to expand the business of Israel's taxi-hailing app.

30/11/2016 12:27 Start ups Shira Karpick Sapir
US Congress approves Israel cyber cooperation

Congress voted by a large majority in favor of two bills to promote US-Israel cooperation on cyber security research.

Shekel rally against dollar continues

FXCM Israel: The upcoming OPEC meeting, Italian referendum and US Fed meeting on interest rates could cause high volatility in the markets.

Oded Eran appointed Hapoalim chairman

Eran replaces Yair Seroussi who steps down at the end of December following his failure to inform the Bank of Israel about a sexual assault complaint against former CEO Zion Kenan.

30/11/2016 07:44 Financial services Irit Avissar
Teddy Sagi to sell 294m Playtech stake

The Israeli billionaire's stake in the online gambling platform that he founded will fall from 33.6% to 23.6%.

30/11/2016 07:21 Market Globes correspondent

29 November 2016

Tzrifin base vacated - new homes planned

The base will make way for thousand of new homes in high demand new neighborhoods of Rishon Lezion.

29/11/2016 19:29 Real estate Uriel Herman
Microbot completes merger with Stem Cell

Israeli company Microbot has developed medical robots for cleaning drainage pipes in the body.

29/11/2016 19:23 Healthcare Gali Weinreb
Cornerstone to raise NIS 240m on TASE

The US real estate company's bonds, which will bear 6.25% annual interest, are repayable in five annual payments.

29/11/2016 18:55 Financial services Aviv Levy
Delek swings to profit

Delek Group made an NIS 85 million profit in the third quarter, compared with a NIS 261 million loss in Q3 2015.

29/11/2016 17:49 Energy Globes correspondent
Xinwei to buy Spacecom despite Amos explosion

The Chinese company will pay $190 million, 50% more than the Israeli satellite company's market cap, but 33% less than previously agreed.

Hapoalim chairman Yair Seroussi resigns

Yair Seroussi steps down at the end of December following his failure to inform the Bank of Israel about a sexual assault complaint against former CEO Zion Kenan.

29/11/2016 15:17 Financial services Irit Avissar
Cellcom files for Golan Telecom liquidation

Despite Michael Golan's removal, sale talks are stuck with no buyer or repayment of its debt in sight.

29/11/2016 14:36 Legal Gad Perez
Gasoline prices to fall in Israel Wed night

The maximum price of 95 octane gasoline at self-service pumps will fall NIS 0.07 to NIS 5.96 on December 1.

29/11/2016 13:58 Energy Shira Karpick Sapir
Strauss Group buys Strauss Water minority stake

Strauss is paying NIS 66 million for the 12.44% holding of minority shareholders.

29/11/2016 13:15 Market Globes correspondent
AT&T's new TV app developed in Israel

The US communications giant's app DirectTV Now, used to stream content to the web, was developed mostly by its Israel R&D center.

29/11/2016 13:07 IT Gad Perez
Tender issued for new Jerusalem western road

Road 16 will be a five kilometer highway linking Motza with Jerusalem's southwestern neighborhoods.

Africa-Israel reports huge Q3 NIS 2.4b loss

The sale of the Russian operations subsidiary AFI Development brought about the massive loss. 

29/11/2016 12:39 Real estate Hillel Koren
Mobileye, Delphi, Intel team on cars

The Israeli sensor company and the UK car parts company will develop slef-driving systems using Intel's chips.

29/11/2016 11:46 IT Globes correspondent
Shekel stronger after December rate decision

The euro is at a 14 year low against the Israeli currency.

29/11/2016 10:57 Market Globes correspondent
Home sales fell in Israel in September

New homes sales fell 10% and first time buyers 4%, the Ministry of Finance Chief Economist reports.

29/11/2016 08:52 Real estate Ori Chudy

28 November 2016

Ethiopian immigrants closing education gaps

There are currently 141,200 citizens of Ethiopian origin in Israel, 55,500 of them born in Israel

28/11/2016 18:23 Economy Amiram Barkat
El Al talks with pilots close to breaking down

Head of the Histadrut's Transport Division Avi Edri says "there are disagreements on wording."

Israeli spinal implant co ApiFix raises $5m

ApiFix's system is minimally invasive and does not require fusion, thus maintaining spine flexibility and high quality of life.

28/11/2016 17:27 Healthcare Globes correspondent
Hapoalim confirms chairman's early exit

The frontrunner to replace Yair Seroussi as Bank Hapoalim chairman is Adv. Oded Eran.

28/11/2016 16:35 Financial services Irit Avissar
Bank of Israel keeps Dec rate unchanged

The interest rate has been unchanged since it was cut to a historic low of 0.1% in March 2015.

28/11/2016 16:15 Economy Moshe Golan
Appraisers Assn: Home prices up 9% in 2016

The Israel Real Estate Appraisers Association found prices rose 2.3% in the past quarter and there was no decline in prices in even one city.

Edwards buys Israeli co Valtech Cardio for $1b

The Or Yehuda based company has developed a valve repair device.

Teva to market world's first cannabis inhaler

Teva Israel has signed a cooperation and marketing agreement with Israeli company Syqe Medical.

28/11/2016 13:49 Healthcare Globes correspondent
OurCrowd opens Singapore office

The Israeli equity crowdfunding company's seventh office will serve its growing community of Asian investors.

28/11/2016 12:57 Start ups Globes correspondent
Ratio unit to raise NIS 100m in TASE IPO

Delek will buy 17.5% of the offering in Ratio Petroleum, which holds gas and oil exploration permits abroad.

28/11/2016 12:22 Energy Nitzan Cohen
Shekel strengthens

FXCM Israel: We have seen a slight retreat by the dollar, but it is expected to continue to strengthen in the medium to long term.

28/11/2016 11:44 Market Globes correspondent
Nilit in talks to sell plastics unit for $233m

US company Celanese is conducting due diligence of the Israeli nylon fiber producer's plastics operations.

El Al pilots, management reach agreement

The pilots will receive a 7.35% pay hike and shorten their stay overseas on long-haul flights.

28/11/2016 10:27 Tourism Michal Raz-Chaimovitch
Israel to procure 17 more F-35 stealth fighters

The security cabinet has approved raising the number of fighter aircraft being purchased from the US to 50.

27 November 2016

Castro to buy stake in Urbanica

The negotiations reflect a NIS 120 million value for Urbanica.

Hapoalim chairman expected to step down

Yair Seroussi failed to notify the Bank of Israel of a sexual assault complaint against former CEO Zion Kenan.

Q Holdings in talks to buy Degania Silicone

The Israeli kibbutz company manufactures products for use in urological catheters and cardiology balloons.

27/11/2016 17:03 Healthcare Gali Weinreb
Treasury mulls how to cover firefighting costs

The costs include personnel, firefighting materials, and foreign airplanes sent to Israel.

27/11/2016 16:06 Economy Amiram Barkat
Israeli diamond explorer Shefa Yamim raises 7m

The Israeli diamond exploration company's unit Shefa Yamim (A.T.M) will scale down its planned London floatation following an investment from GEM investment fund.

Apartments sold and rented

A selection of recent real estate deals in Israel including in Ramat Gan, Ra'anana Netanya, Jerusalem, Ashdod and Beersheva.

27/11/2016 14:27 Real estate Ori Chudy
Israelis flock to foreign carriers

The controversial El Al pilots strike contributes to the disenchantment that has led Israelis to search for alternative carriers.

27/11/2016 13:38 Tourism Globes correspondent
Hapoalim denies plans to sell Swiss bank

The Israeli bank has denied reports that it is looking for a buyer for Bank Hapoalim Switzerland.

Fitch upgrades Leumi, Hapoalim

Fitch Ratings has revised Bank Leumi and Bank Hapoalim's IDRs and Support Rating Floors to 'A' from 'A-'.

Delek units raise bank finance for Leviathan

HSBC and JP Morgan have committed to lend $1.5-175 billion for the first stage of the natural gas project.

27/11/2016 10:27 Energy Nitzan Cohen

24 November 2016

TA light rail systems bids far above estimate

The systems tender will apparently now be split into two, after the bids received exceeded NTA's estimate by billions of shekels.

Mortgage market cooling down

Mortgages totaled only NIS 2.8 billion in October; mortgage interest rates are still rising.

24/11/2016 19:30 Financial services Irit Avissar
Hapoalim to sell Swiss, Latin American banks

Stricter regulation and the weakening of confidentiality have made private banking less worthwhile.

24/11/2016 18:42 Financial services Irit Avissar
China's Rightleder in talks to buy Israeli co AMS

Or Yehuda based AMS is involved in water purification and advanced membrane separation.

24/11/2016 18:23 Water Gali Weinreb
El Al CEO, pilots trade insults, flights canceled

El Al CEO David Maimon and the pilot's committee took their grievances to the Knesset today.

24/11/2016 15:50 Tourism Michal Raz-Chaimovich
Histadrut: SodaStream thwarting unionization

The Histadrut declared a work dispute, saying 500 of the company's 1,500 employees have signed its membership forms.

24/11/2016 15:21 Employment Yuval Azulai
Delek units report rise in Tamar gas production

Avner and Delek Drilling saw profits rise in the third quarter due to higher natural gas production.

24/11/2016 12:40 Energy Nati Yefet
Shekel firm amid US rate hike certainty

FXCM Israel: The market has priced in an almost 100% probability of a US rate hike in December.

24/11/2016 11:57 Market Globes correspondent
Fierce fires in Haifa, Modi'in and near Jerusalem

Aircraft have been called in from around Europe to help extinguish the many fires in Israel, with Haifa hit hardest.

24/11/2016 11:05 Economy Globes correspondent
Paz signs $700m Leviathan gas deal

The Israeli fuel company will buy 3.12 BCM of gas over 15 years.

24/11/2016 09:33 Energy Nati Yefet
AG instructs police to probe submarine affair

Adv. David Shimron, Netanyahu's lawyer and representative of German manufacturer ThyssenKrupp, insists there was no conflict of interests in Israel's procurement of submarines.

23 November 2016

First Int'l Bank in Swiss unit sale talks

The advantage of confidentiality in Swiss banking has been eroded and banks frequently find no substantial added value to offer their customers.

23/11/2016 20:58 Financial services Irit Avissar
Average and median salaries rose in 2015

The average salary in Israel rose 2.7% in 2015, and the median salary rose 3.4%, the Central Bureau of Statistics reports.

23/11/2016 20:55 Economy Amiram Barkat
More El Al, Lufthansa flights canceled

Disruptions at the Israeli carrier continue as talks break down, while a strike by German pilots is hitting Lufthansa flights to and from Israel.

23/11/2016 17:35 Tourism Michal Raz-Chaimovich
JVP and AXA launch insurance tech competition

InsurTech, the first-ever Israeli insurance technology startup competition, will provide the winner with a $1 million investment and insurance industry contacts.

Katz sees no problem with 300,000 new cars

Transport Minister: The US has three times and Europe twice as many cars per capita as Israel.

Israel Chemicals reports huge operating loss

The Israeli specialty chemicals and minerals company saw net profit fall sharply in the third quarter while reporting an operating loss.

Partner swings to profit in Q3, on lower revenue

Revenue fell 16% to NIS 849 NIS, while net profit grew to NIS 19 million, from a NIS 9 million loss last year.

23/11/2016 13:50 Market Moshe Golan
Medigus share jumps on Italian distribution deal

The Israeli medical device company has expanded operations in Italy, inking a distribution agreement worth at least 1 million.

23/11/2016 13:13 Healthcare Sonia Gorodeisky
IAI unveils combat jet collision alert system

Israel Aerospace's Collision Warning System alerts pilots of an imminent collision with commercial aircraft.

Shekel stronger as Trump dollar rally fades

FXCM Israel: The current correction in the dollar stems mainly from profit taking by speculators.

23/11/2016 11:42 Market Globes correspondent
Azrieli Q3 profit nearly triples

Net profit climbed to NIS 279 million from NIS 102 million in the corresponding quarter of 2015.

Bezeq Q3 revenue and profit slip 3%

Bezeq's mobile phone unit Pelephone saw profit fall 42%.

23/11/2016 11:02 Market Hillel Koren
Elbit wins $103m US mortar weapons deal

The award of the mortar weapon systems contract consolidates Elbit's position as the leading provider of mortar systems for the US Army.

SDK management co SafeDK raises $3.5m

The Israeli startup was founded in 2014 by two women - CEO Orly Shoavi and VP Business Development Ronnie Sternberg.

23/11/2016 09:59 Start ups Globes correspondent
Delek Auto to expand into bus, truck imports

Delek Auto and Comasco are buying the MAN import concession from Automotive Equipment.

Histadrut, Treasury reach long-term care agreement

The understandings reached remove the threat of a general strike in Israel.

23/11/2016 07:23 Economy Amiram Barkat
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