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20 November 2017

Israel Tax Authority Banks to provide data to Tax Authority on foreign investments

Israelis investing abroad no longer need inform the Tax Authority about such investments in advance, instead the banks will provide data about overseas payments.

Avigdor Liberman  photo: Tamar Matsafi Liberman requests NIS 4.8b more for defense

Minister of Defense Avigdor Liberman: Major and dramatic change in the region entails reopening the accord on defense spending.  

Rafael's Spike missile Photo: Rafael India scraps $500m Rafael missile deal - report

The Indian Defense Ministry has pulled out of talks for the Israeli company's Spike antitank missile, the "Indian Express" reports.

Gal Almog Photo: Tzvika Tishler Israeli headhunting co Talenya raises $3m

The company has developed an efficient solution for hiring high-tech talent using big data, artificial intelligence and machine learning.

20/11/2017 16:29 Start ups Nati Yefet
Fattal's Herods hotel Eilat Fattal to build new Eilat hotel

The 13-floor hotel will be adjacent to the north beach's Herods Palace hotel.

20/11/2017 16:08 Tourism Michal Raz Chaimovich
Tel Aviv Stock Exchange Photo: Eli Yizhar Starwood Capital, PennantPark plan TASE bond offerings

PennantPark and Starwood will join 30 other US companies that have raised debt worth NIS 18 billion on the TASE.

20/11/2017 14:45 Market Aviv Levy
Internet   photo: PR BoI lifting restrictions on opening online bank accounts

New customers will no longer have to visit a bank branch for identification before opening an online account.

20/11/2017 14:06 Financial services Irit Avissar
Wizz Air Photo: PR Wizz Air to offer daily Tel Aviv-London flights

From next March, Wizz Air will operate daily flights on the route instead of the current four flights a week.

20/11/2017 12:35 Tourism Michal Raz-Chaimovich
fiber optics Cellcom, Partner in talks on joint fiber-optic infrastructure

If agreement is reached, it will allow the two mobile companies to avoid duplicated future deployment.

20/11/2017 11:14 Market Michal Raz-Chaimovich
Tamar Tamar flotation lifts Delek Drilling Q3 profit to $617m

Consumption of natural gas in Israel rose 5.6% in the first nine months of 2017. 

20/11/2017 10:29 Energy Nitzan Cohen
Arik Shor  photo: Tamar Matsafi Former Tnuva execs set up new food company

Arik Shor and Eyal Arad have teamed with Miki Delicatessen to boost market penetration for Israel's smaller food companies.

20/11/2017 09:55 Basic industries Shany Moses

19 November 2017

Israeli regulator mulls removing gasoline price controls

Price controls were removed on diesel in 1993 and that market has become much more competitive than the gasoline market.

19/11/2017 18:22 Energy Sonia Gorodeisky
Israeli startup exits hit post record in Q3

Harel chief economist: The potential contribution of acquired companies moved overseas is lost to the Israeli economy.

VBL Therapeutics raising $18.75m in Nasdaq offering

The Israeli drug development company's lead product is a targeted anti-cancer gene-therapy agent to treat a wide range of solid tumors.

19/11/2017 16:40 Healthcare Globes correspondent
Teva recovery gains momentum

Despite no major announcements, Teva's share price has risen 23% since it hit a low point after the company's third quarter results.

19/11/2017 15:59 Healthcare Shiri Habib-Valdhorn
Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Haifa, Kfar Saba, Sderot and Dimona.

19/11/2017 15:34 Real estate Ori Chudy
ReWalk raises $7.2m in secondary Nasdaq offering

Most of the money is designated for funding the company's upcoming clinical trial for stroke treatment.

19/11/2017 14:01 Healthcare Gali Weinreb
AtlasGlobal to operate daily Tel Aviv - Istanbul flights

Just two weeks after launching flights to Israel, AtlasGlobal has announced daily flights from December 1.

19/11/2017 12:51 Tourism Michal Raz-Chaimovich
Court orders PA, terrorists to pay attack victims NIS 62m

The ruling relates to a drive-by shooting in August 2001 on Road 443 in which three Israeli Jews were murdered.

19/11/2017 12:18 Politics Chen Ma'anit
Beauty and lifestyle services co Missbeez raises $4m

Missbeez is a mobile platform providing a variety of lifestyle and beauty services to busy entrepreneurs.

19/11/2017 12:02 Start ups Globes correspondent
IDI profit soars; Battery Ventures sells shares

IDI Direct Insurance's third quarter profit grew by 112% to NIS 58 million. 

19/11/2017 10:46 Financial services Ron Stein
Israel Tax Authority makes claiming disabled child credits easier

Parents of disabled children need no longer apply to Income Tax Offices or present medical certificates.

19/11/2017 10:08 Economy Ela Levi-Weinrib

17 November 2017

Cyber-risk insurance co At-Bay raises $6m

Together with its cyber insurance policy and risk insights, the Israeli company allows clients and brokers to better manage and control cyber risk.

Gastro-intestinal drug co RDD Pharma raises $9.5m

The Israeli company will use the new funding to advance programs in anal fissure, fecal incontinence, radiation colitis/proctitis and pruritus ani.

Daimler CEO inaugurates Tel Aviv R&D center

The Israeli center's 25 employees will help develop the new generation of Mercedes-Benz autonomous cars, said Dieter Zetsche.

17/11/2017 09:33 IT Globes correspondent

16 November 2017

Gov't buys more desalinated water as rains seen failing again

With Israel facing a fifth successive drought year, the desalination plants are stepping up output.

16/11/2017 17:07 Economy Sonia Gorodeisky
Elovitch steps aside as Bezeq chairman

However, even though the ISA has recommended indicting him, Elovitch will continue as chairman of Bezeq's subsidiaries, except Yes.

New shekel bills to be issued next week

The red NIS 20 bill and orange NIS 100 bill will be issued on Thursday, reports the Bank of Israel.

16/11/2017 14:31 Economy Amiram Barkat
Israel's economy grew at 4.1% in Q3

GDP jumped impressively last quarter after rising at annual rates of only 2.5% in the second quarter and 0.9% in the first quarter.

16/11/2017 14:01 Economy Amiram Barkat
Africa-Israel bondholders hand co to Saidoff

The trustees of three series of bonds announced last night that the majority of bondholders supported Saidoff's offer for the company.

16/11/2017 13:44 Real estate Omri Cohen
Shekel strengthening as inflation rises

The shekel has been boosted by rising inflation and the expectation of interest rate hikes in 2018.

16/11/2017 12:50 Market Globes correspondent
Strauss reports Q3 rise in revenue and profit

Strauss CEO Gadi Lesin noted the Group's global growth drivers in the coffee and water companies, along with continued focus on efforts to improve Sabra's results.

16/11/2017 11:28 Market Globes correspondent
Upgraded Negev highway to open next week

The 31 kilometer highway between the Shoket Junction and Arad has been one of Israel's most dangerous roads.

Outbrain appoints David Kostman as co-CEO

The experienced Israeli will work alongside the content recommendation company's CEO and cofounder Yaron Galai.

16/11/2017 09:32 Start ups Globes correspondent
Samsung opens Israel car cybersecurity center

Samsung unit HARMAN says the new hub will test and certify automotive cybersecurity, autonomous driving and smart mobility technologies.

16/11/2017 08:59 IT Globes correspondent
Idan Ofer buys stake in Atletico Madrid

The Israeli businessman is buying 10%-15% at a valuation of $700-750 million for the Spanish soccer club.

16/11/2017 08:37 Market Globes correspondent

15 November 2017

Egypt to stop importing gas in 2018

The announcement by the Egyptian energy minister eliminates the possibility of exporting Israeli natural gas to Egypt.

15/11/2017 21:15 Politics Kobi Yeshayahou
CPI up 0.3% in October, home prices still rising

Price inflation has climbed to 0.6% since the start of 2017, the Central Bureau of Statistics reports.

15/11/2017 18:42 Economy Amiram Barkat
Court eases travel restrictions on Steinmetz

Steinmetz is allowed to travel to Spain, Greece, Germany, the Czech Republic, Belgium, and the Netherlands, and any other country not in Europe or Africa.

15/11/2017 18:04 Legal Malka Radoszkowicz
Indian group bids for Israeli energy exploration licenses

The Energy Ministry has received bids from Energean and an Indian energy consortium for its new round of 24 offshore blocks.

15/11/2017 16:52 Energy Globes correspondent
Israeli AI log analysis co raises $23m

The company has triple revenue and the number of its customers over the past year.

15/11/2017 15:20 Start ups Idan Rabi
US State Dep't: Israel won't get visa waiver so fast

Speaking to "Globes," a State Department spokesperson has poured cold water on the optimism expressed by Justice Minister Ayelet Shaked on a US visa waiver.

15/11/2017 14:30 Politics Ran Dagoni, Washington
Motorola, Nokia win Israel Railways cellular network tender

The companies' wireless communications network will cover all railway traffic in Israel.

Discount Bank reports sharp rise in profit

Net profit rose in the third quarter to NIS 313 million, up from NIS 188 million in the corresponding quarter of 2016.

Shekel gains against dollar ahead of Oct CPI reading

The shekel continues to weaken against the euro as figures show that growth in the eurozone outstripped US growth in the third quarter.

15/11/2017 09:57 Economy Globes correspondent

14 November 2017

Nokia to launch 4 smartphones in Israel

The new devices featuring the Android operating system will cost NIS 700-2,000.

Teddy Sagi invests NIS 40m in Alltrade

Alltrade, which dominates Israel's electronic recycling industry, has canceled its planned TASE IPO.

George Horesh mulls buying Ra'anana land back from Teva

If Horesh exercises his option, he is likely to lease the land to Amdocs, which wants to buy it.

14/11/2017 18:28 Healthcare Shai Shalev
Israeli AI job finder co Woo raises $7m

The company also announced the launch of “Helena”, a groundbreaking AI-driven headhunter that automatically scouts, approaches and sources the best candidates on behalf of employers.

14/11/2017 17:00 Start ups Idan Rabi
Medical cybersecurity co Medigate raises $5.35m

The Tel Aviv based digital health company secures the use of the millions of connected medical devices on healthcare provider networks.

India's L&T opens Jerusalem development center

The engineering services company aims to deepen its involvement in Israel’s startup and innovation ecosystem.

14/11/2017 15:32 IT Globes correspondent
Allergan begins selling 10% Teva stake to JP Morgan

Allergan has attached its shares in Teva in favor of the JP Morgan bank as security for a one-year loan of unspecified size.

14/11/2017 15:07 Healthcare Shiri Habib-Valdhorn
Elbit Systems reports steady growth, increased backlog

Elbit CEO: We see ongoing increases in defense budgets, which we have been able to capitalize on in many of our target markets.

Milchan PA makes new revelations in Netanyahu case

Hadas Klein says that the Netanyahus wanted Arnon Milchan's professionals to mend a leak in their house.

14/11/2017 13:43 Politics Globes correspondent
Energean mulls IPO to fund Israel gas development - report

The Greek energy company is considering raising money in London to fund development of the Karish and Tanin gas fields, reports "Reuters."

14/11/2017 12:55 Energy Globes correspondent
Last-minute compromise averts JNF taxation bill

JNF chairman Danny Atar agreed contributions to the state budget.

14/11/2017 11:20 Economy Tal Schneider
FIMI to take 51% stake in PCB Technologies

Ishay Davidi's FIMI Opportunity Funds has signed an MOU to invest NIS 125 million in the Migdal Ha'emek-based electronics company.

Police probe Aeronautics

Israeli UAV company Aeronautics is suspected of corruption in a major deal.

13 November 2017

Kamada heading for $100m revenue in 2017

Kamada CEO Amir London is expressing confidence, with the company publishing guidance of $116-120 million in revenue for 2018.

13/11/2017 18:59 Healthcare Gali Weinreb
Idan Ofer's Pacific Drilling files for bankruptcy

The company owes $3 billion, and has only $358 million in cash and cash equivalents.

13/11/2017 18:57 Legal Shiri Habib-Valdhorn
LATAM plans Israel - Chile flights

There are currently no direct flights between Israel and South America.

13/11/2017 17:41 Tourism Globes correspondent
In first, Israel bars EU MPs from entering the country

20 French MPs and mayors and EU MPS, engaged in BDS activities, had planned visiting Israel and the Palestinian Authority next week.

13/11/2017 17:40 Politics Tal Schneider
Carasso Real Estate signs first agreement with Chinese contractor

BCEG will build 129 housing units and an underground parking lot in Kiryat Ono.

13/11/2017 16:12 Real estate Ori Chudy
Pay pact depresses Mizrahi-Tefahot profit

The bank finished the third quarter with a NIS 261 million net profit.

13/11/2017 15:57 Financial services Nitzan Cohen
TASE treads water as IPOs offset by cos delisting

In the past 11 years the number of companies traded on the TASE has shrunk 30% from 640 to 460.

13/11/2017 15:03 Market Aviv Levy
Battle for Africa-Israel heats up

Amos Luzon is the latest bidder for the company.

13/11/2017 14:01 Real estate Omri Cohen
Israel-Canada raises NIS 100m from Israeli institutions

The allocation to Menorah, Psagot, Israel Phoenix, Safra, and Noked Capital is at a 6% discount.

13/11/2017 13:48 Real estate Aviv Levy
Kadimastem down 90% in 2017

Shares in Kadimastem, which is developing a stem-cell based therapy for ALS, dropped 28% in one day.

13/11/2017 13:01 Healthcare Gali Weinreb
Analysts cut targets as Wix plunges

$628 million evaporated from the Israeli DIY website company's market cap in three days.

13/11/2017 11:34 IT Shiri Habib-Valdhorn
Kamada agrees 3 new directors with Brosh Capital

Activist fund Brosh Capital owns 7.2% of Kamada.

13/11/2017 11:22 Healthcare Gali Weinreb
Israel close to visa waiver agreement with US

Minister of Justice Ayelet Shaked: We have found the balance between protecting the privacy of Israeli citizens and US requirements.

13/11/2017 10:00 Economy Chen Ma'anit
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