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23 April 2018

Bank Leumi branch picture: Tamar Mitzpi Treasury mulls selling Bank Leumi stake

The state's 6% holding is worth NIS 5.83 billion, 30% more than when the Ministry of Finance considered a sale several years ago.

Canada Israel property in Wembley photo: PR Canada Israel investing £100m in London property

Canada Israel plans to convert an office tower in Wembley to residential apartments.

23/04/2018 18:27 Real estate Shai Shalev
Arab women in the workforce Photo: Shutterstock Cabinet allocates NIS 20m for high-tech in Arab sector

NIS 4.5 billion of the NIS 15 billion allocated in December 2015 for investments in the Arab sector has already been spent.

23/04/2018 18:17 Economy Tal Schneider
CollPlant Bio-Ink Photo: PR CollPlant opens Rehovot rhCollagen production plant

The facility is designed for purification of rhCollagen and formulation of end-products, including BioInks for 3D bioprinting and its proprietary tissue repair products.

23/04/2018 17:45 Healthcare Globes correspondent
Yair Ravid and Dan Mano Photo: PR Israeli fintech co Reach raises $3.5m

The company has developed a platform for remote management of transactions.

23/04/2018 16:48 Start ups Yasmin Yablonko
new apartments Israeli new home sales decline continues

Sales were 7% lower than in January and 18% lower than in February 2017.

23/04/2018 16:25 Real estate Ori Chudy
Yair Revivo Photo: Shlomi Yosef Lod mayor prevents Arabs from buying their homes

The municipality wants to develop the area for tourism.

23/04/2018 15:54 Real estate Shlomit Tsur
Shai Novik Photo: Eyal Yitzhar Korean fund to invest in Enlivex Therapeutics at $100m value

Enlivex is developing a treatment for Graft-versus-Host disease (GvHD) resulting from bone-marrow transplants.

23/04/2018 15:25 Healthcare Gali Weinreb
Yair Finzi and Ran Shulkind Photo; Oleg Alon Murvitch Israeli mobile security co SecuredTouch raises $8m

The investment was led by Arvato Financial Solutinos, the German company's first-ever investment in Israel.

Azrieli Center Photo: Eyal Yitzhar Azrieli buys another major lot in central Tel Aviv

The new building is adjacent to the Azrieli Town project under construction south of the Azrieli Center.

23/04/2018 14:21 Real estate Shlomit Tsur
Walmart Photo: Reuters Walmart reps due in Israel this week

The US retail giant is apparently interested in Israeli technologies rather than in opening a local branch.

23/04/2018 14:09 Retailing Shany Moses
chips  photo: Shutterstock QualiTau receives large order from Asian semiconductor co

Meanwhile, shareholders are at odds over the company's future.

23/04/2018 12:45 IT Aviv Levy
Arie Kotler, photo: PR Arko Holdings further expands US fuel station business

Through its GPM subsidiary, Arko Holdings has bought or leased 267 fuel station and convenience store sites.

23/04/2018 10:53 Real estate Kobi Yeshayahou
startups Production software co LeaderMES completes funding round

The round, led by Israeli venture capital fund Firstime, brings the total amount raised by the company to $5 million.

23/04/2018 10:07 Start ups Globes correspondent

22 April 2018

Aroma wins Ben Gurion airport cafes tender

Aroma's bid for the Israel Airports Authority tender included a 30% discount on the prices for coffee called for by the tender.

22/04/2018 21:06 Tourism Michal Raz-Chaimovich
Court orders Bezeq parent co Eurocom to be liquidated

The banks did not accept the bids for Internet Gold by Saidoff and the Neuman brothers.

22/04/2018 17:42 Legal Irit Avissar
Israel's Super-Pharm chain begins selling medical cannabis

Medical cannabis supplier BOL's products at Super-Pharm will be priced at NIS 120-140 per 10 grams.

22/04/2018 17:02 Healthcare Gali Weinreb
Israel Aerospace to choose 3 more cos for startup lab

One of the first three startups in IAI's innovation laboratory has already achieved a technological breakthrough.

Booking.com Israel development center moves to Azrieli Sarona

The online tourist giant is expanding its Israel workforce and leasing half of the 57th floor from Teddy Sagi's LABS shared workspace.

22/04/2018 14:39 Real estate Shlomit Tsur
Saidoff, Neuman brothers bid for Bezeq parent co

The banks are unenthusiastic about the two bids, which are based mostly on Internet Gold's current low market cap.

Jerusalem house by Netanyahu family home sold for NIS 11.5m

The 280 square meter Old Katamon house covers three floors and a basement and includes a 200-sq.m. garden and rights to build another 70 square meters.

22/04/2018 13:24 Real estate Shlomit Tsur
Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Ramat Gan, Givatayim, Modi'in, Netanya, Lod and Beersheva.

22/04/2018 12:12 Real estate Ori Chudy
30 years ago, 30 years hence: Israel by numbers

With over 16 million people expected to be living in Israel when it celebrates 100 years, we take a snapshot of what that will mean.

22/04/2018 12:06 Economy Globes correspondent
Congress members call on US Army to buy Iron Dome

A letter from Congress members Grace Meng and Peter Roskam, co-signed by 40 colleagues, also calls for $500 million to be allocated to development of Israeli missile defense systems.

19 April 2018

Teva, Procter & Gamble terminate OTC venture

The separation follows Procter & Gamble's $4.2 billion acquisition of Merck's consumer health unit.

Stratasys to provide 3D printed parts for Orion spacecraft

NASA's EM-2 mission taking astronauts beyond the moon will use thermoplastic parts printed by the Israeli company in collaboration with Lockheed Martin and PADT.

18 April 2018

Intel CEO attends Israel's 70th anniversary celebrations

Brian Krzanich will witness a special display by Intel's 300 Shooting Star drones at the official Independence Day ceremony in Jerusalem.

18/04/2018 11:22 Economy Globes correspondent
Fitch reaffirms Israel's A+ rating, warns on tax cuts

Fitch also warned against increasing the budget deficit.

18/04/2018 08:29 Economy Amiram Barkat

17 April 2018

Xfone We4G life-long plan tempts 6,000 subscribers in first week

Most of the subscribers - 4,000 switched from other companies - bought the NIS 29 life-long plan with 40 gigabytes.

Mellanox beats forecast as revenue jumps 30%, profit soars

Mellanox CEO: Our record first quarter financial performance is the result of the successful execution of our growth strategy.

17/04/2018 18:39 IT Globes correspondent
Ruth Ofer asking NIS 15m for Ramat Gan penthouse

The 450-meter duplex is on the 38th floor of the City Tower hotel building.

17/04/2018 18:17 Real estate Ori Chudy
IMF sees 3.3% Israel growth in 2018

The International Monetary Fund also predicts that growth in the Israeli economy will rise to 3.5% in 2019 but decline in 2020.

17/04/2018 17:51 Economy Avi Temkin
Israeli legal AI co LawGeex raises $12m

The Tel Aviv-based company's platform is more accurately able to identify risks in some contracts than professional US lawyers.

17/04/2018 17:06 Start ups Nati Yefet
Application visual management co Applitools raises $31m

Applitools will use this investment to fuel market expansion of its artificial intelligence (AI) powered visual testing and monitoring solution by scaling its R&D, operations, and sales.

17/04/2018 16:00 Start ups Globes correspondent
JVP appoints Gadi Porat as Cyber Labs head

Porat joins JVP as a partner after having led Israel’s AT&T Foundry, the American multinational conglomerate’s accelerator.

17/04/2018 14:04 Start ups Globes correspondent
Fox in talks to buy 50% Shilav stake

Ronen Eldad's acquisition of Shilav from its founders was announced only a few weeks ago.

17/04/2018 13:34 Retailing Shany Moses
aMoon raises $200m for second healthtech fund

The fund, led by Marius Nacht and Dr. Yair Schindel, is planned to reach $500 million.

17/04/2018 12:54 Healthcare Gali Weinreb
Transavia to launch Eilat - Amsterdam flights

Flights beginning from November 3 cost €49 in each direction.

17/04/2018 12:22 Tourism Globes correspondent
Shekel weakens after BoI rate call

The Bank of Israel said it does not plan an interest rate hike until the end of 2018.

17/04/2018 11:51 Market Globes correspondent
Alon Group sells remaining Delek US stake to pay bondholders

Alon Group realized $200 million on the sale, after a 70% rise in Delek US's share price in the past year.

17/04/2018 11:17 Energy Omri Cohen

16 April 2018

Jerusalem - Tel Aviv railway unlikely to open in September

Spanish contractor Semi Group is struggling with Israeli bureaucracy and is yet to obtain various regulatory approvals, sources inform "Globes."

Bezeq International and Yes launching triple package

The package will include Yes's STINGTV Internet television service.

16/04/2018 18:48 Market Gad Perez
Israel Railways plans shared bicycles at stations

A pilot scheme is due to get underway shortly. The aim is to alleviate problems of access and parking at railway stations.

Google Shopping launching in Israel next month

Azrieli and Super-Pharm will be among the first companies with Google Shopping links to their websites.

US firm Manikay Partners buying 19.9% of TASE

Other international investors will buy a total of 51.8% of the Tel Aviv Stock Exchange, of which 30% will eventually be offered to the public.

16/04/2018 17:31 Market Ron Stein
Oracle CEO: We're not in Israel to save money on taxes

Speaking at Oracle Israel's offices in Petah Tikva, Safra Catz said that Israel is a target because of its innovation, not its tax benefits.

16/04/2018 16:41 IT Uri Berkovitz
BoI leaves rate unchanged, rate hike in Q4

The Bank of Israel: Inflation expectations and most forecasts for one year remain below the target.

16/04/2018 16:28 Economy Globes correspondent
OrbiMed invests $16m in Foamix Pharmaceuticals

Based in Rehovot, Foamix is focused on developing and commercializing proprietary topical foams to address unmet needs in dermatology.

Cisco invests in Israeli SaaS AI co Gong.io

Gong.io leverages artificial intelligence (AI) and machine learning to change the way salespeople conduct calls.

Histadrut: Teva ignoring potential Ashdod plant buyers

The Histadrut has demanded that Teva immediately suspend plans to close its Ashdod plant.

16/04/2018 14:38 Healthcare Shiri Habib-Valdhorn
At 70, Israel's population nears 9m

The population of Israel has grown ten-fold since the state was founded in 1948.

16/04/2018 13:51 Economy Globes correspondent
Knesset legal counsel: High Court good for Knesset

Adv. Eyal Yinon sees the government as a greater threat to the Knesset's status than the High Court of Justice.

16/04/2018 12:48 Politics Tal Schneider
Plastics compounds co Kafrit Industries in US acquisition

Kafrit Industries will pay around $36 million for the activity and assets of a company in the US.

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