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18 January 2018

Akeneo and Sigmento teams  photo: PR  - courtesy Rosebud Communications Akeneo buys Israeli product data automation co Sigmento

Sigmento founders Izzy Cohen, Yoav Maor and Yonatan Maor will join the management team of French company Akeneo.

Assaf Rappaport Microsoft names Assaf Rappaport head of Israel R&D

Rappaport, who came to Microsoft when the company acquired Adallom, replaces Yoram Yaacovi, who announced last September that he was leaving after twenty years in the post.

18/01/2018 11:50 IT Yasmin Yablonko
Bezhalel Machlis  photo: Tamar Matsafi Elbit Systems wins $85m contract in Europe

The contract is for advanced ground-based electronic warfare and signal intelligence systems.

Eyal Waldman  photo: Tamar Matzafi Starboard escalates Mellanox fight

US activist fund Starboard is demanding the replacement of Mellanox's board of directors.

18/01/2018 10:01 IT Globes correspondent

17 January 2018

Ryanair introduces Israel-only baggage charge

Only passengers flying to and from Israel must pay €50 to stow wheelie-bags in the hold - a service all other destinations receive for free.

17/01/2018 17:32 Tourism Globes correspondent
BoI weakens shekel with foreign currency purchases

The shekel had been hovering around the NIS 3.40/$ level for the first time since July 2011.

17/01/2018 09:53 Market Globes correspondent

16 January 2018

Elliott Associates demands shake-up of Bezeq board

The fund, which holds a 4.8% stake in Bezeq, has written to company chairman David Granot saying the board in its current composition "is no longer fit for its purpose."

16/01/2018 13:02 Transport & infrastructure
Potash Corp. selling Israel Chemicals stake

Potash Corp. has agreed a sale of its 13.8% holding in Israel Chemicals to a group of buyers at a substantial discount on the market price.

16/01/2018 11:35 Chemicals & plastics Ron Stein
Bezeq raising NIS 1.2b debt

Bezeq has signed an agreement for a future placement of its series 9 bonds, and has secured a NIS 600 million bank loan.

16/01/2018 11:03 Market Shiri Habib-Valdhorn
"Bank of Israel can neutralize algo trading in shekel"

Market players say the central bank's intervention so far has not been serious, but that it has advantages it can exploit.

16/01/2018 10:07 Economy Amiram Barkat

15 January 2018

Teva corruption settlement doesn't cover co officers

The investigation into the responsibility of Teva managers for bribes paid by subsidiaries in Russia and Ukraine continues.

TASE plans its own IPO for 2019

TASE CEO: The growth potential of the TASE is enormous.

15/01/2018 19:02 Market Aviv Levy
Algo traders boost shekel against dollar

The Bank of Israel has identified one of the reasons for the shekel's recent strengthening against the dollar to a 6.5-year peak.

15/01/2018 18:31 Market Amiram Barkat
Taldor buys software co Spectory for NIS 15m

Spectory has become a leading player in software development for open code in general and complex user interfaces in particular.

BoI: Return on housing beat stocks over past decade

Over a thirty-year period, however, investment in stocks is ahead.

15/01/2018 12:13 Real estate Amiram Barkat
Teva agrees future of Abic Netanya with workers

Employees at the site will be offered voluntary retirement on enhanced terms.

15/01/2018 11:18 Healthcare Globes correspondent
Reports of progress on IMI deal boost Elbit Systems

Elbit Systems' share price is sharply up on the Tel Aviv Stock Exchange this morning.

Teva settles graft case with Israeli authorities

After a $500 million penalty in the US, Teva will be fined NIS 75 million in Israel for illegal payments in Russia, Ukraine and Mexico.

15/01/2018 10:08 Healthcare Chen Ma'anit

14 January 2018

Knesset to discuss bill for PM, ministers salary hike

The Knesset Finance Committee will discuss raising the salaries of ministers, deputy ministers, and the prime minister.

14/01/2018 21:01 Employment Tal Schneider
Rafael CEO looks to salvage $850m Indian missile deal

Local Indian manufacturers are trying to scuttle the Spike missile deal in order to sell their own missiles to the Indian army.

Netanyahu begins India visit

Indian Prime Minister Narendra Modi, who visited Israel in 2017, dispensed with protocol by greeting Netanyahu personally at the airport.

14/01/2018 18:23 Politics Tal Schneider
TASE agrees dual-listing with Hong Kong, Singapore, Toronto

The agreements may lead to the return of Adama Agricultural Solutions to the TASE.

Xfone to operate with 051 mobile code

The new competitor in the mobile telephony market will operate a website for recruiting subscribers on the Golan Telecom model.

Teva share price doubles since Schultz became CEO

Allergan has taken advantage of the higher price to sell Teva shares for $124 million.

14/01/2018 17:09 Healthcare Shiri Habib-Valdhorn
Rami Levy to open Tel Aviv city stores

A branch is being opened on Ben Yehuda Street, and another is slated for later in the first quarter of 2018.

14/01/2018 16:55 Retailing Shany Moses
Apartments sold and rented

A selection of recent real estate deals including in Jerusalem, Tel Aviv, Herzliya, Kokav Yair and Beersheva.

14/01/2018 16:48 Real estate Ori Chudy
45-floor Ramat Gan office tower approved

The 3.5-acre plot is by the Elite Junction at the Diamond Exchange.

14/01/2018 15:47 Real estate Ori Chudy
Partner TV set to surpass 50,000 subscribers

Partner TV CEO: Most of our television customers come from Hot and Yes.

14/01/2018 14:42 Market
Renault-Nissan-Mitsubishi sets up $1b VC fund with Israel office

The auto-tech fund will have offices in Silicon Valley, Paris, Yokohama, Beijing and Tel Aviv.

14/01/2018 14:16 Start ups Globes correspondent
Shekel below NIS 3.40/$ for first time since 2011

The Consumer Price Index figure for December published tomorrow could have an important impact on the Bank of Israel's interest rate plans and the shekel.

14/01/2018 13:02 Economy Globes correspondent
Moody's cuts Teva debt to junk status

"The downgrade of Teva's ratings to speculative grade reflects the challenge of managing its significant debt burden while facing a prolonged period of earnings erosion."

14/01/2018 11:26 Healthcare Shachar Fuchs
Two new digital insurance cos seen starting in 2018

A reduction in the capital required for new insurance companies will make it easier for new entrants to the market. 

14/01/2018 11:09 Financial services Ron Stein
Dispute over at ECI

The number of workers to be laid off has been reduced to 60, and a collective labor agreement will be negotiated.

14/01/2018 10:24 IT Nati Yefet

11 January 2018

Fortissimo pulls out of Tahal acquisition

After intensive examination of the company, Fortissimo's management decided to pull out of the deal.

11/01/2018 18:56 Market Omri Cohen
Flug: Speculators strengthening overvalued shekel

Bank of Israel Governor Karnit Flug told the "Globes" Israel Business Conference that speculators working with algorithms were strengthening the shekel.

11/01/2018 18:26 Economy Gad Perez
Analysts regain confidence in Teva

Both Credit Suisse and Goldman Sachs are impressed by Kare Schultz. Goldman Sachs has raised its target price to $25.

11/01/2018 17:06 Healthcare Shiri Habib-Valdhorn
OurCrowd launches $100m Cognitiv fund

The $100 million global fund will focus on early-stage startups in the fields of AI, deep-learning, IoT, robotics and digital manufacturing.

11/01/2018 16:00 Start ups Globes correspondent
Azrieli buys land for first Modi'in hotel

Azrieli will pay NIS 101 million for a lot in the city center.

11/01/2018 15:19 Real estate Shlomit Tsur
PM: We're discussing bigger tax cuts than planned

Prime Minister Benjamin Netanyahu told the "Globes" Business Conference about his plans for tax cuts, deregulation and artificial islands.

11/01/2018 14:26 Economy Tal Schneider
Kahlon: I'm not a breaker-up of coalitions

Minister of Finance Moshe Kahlon talked with "Globes" editor Naama Sikuler at the Israel Business Conference. 

11/01/2018 12:39 Economy Globes correspondent
Shekel pushes dollar to new low

The Bank of Israel purchased only $100 million in foreign currency in December and sits on the sidelines as the shekel strengthens.

11/01/2018 12:39 Market Globes correspondent
Treasury raises $2b in overseas bond issue

Demand for Israel's new 10-year and 30-year bonds was high, and the interest rates were fixed at minimal margins over equivalent US government debt.

11/01/2018 10:40 Economy Globes correspondent
Antitrust Authority nixes El Al-Israir merger

Deputy Antitrust Commissioner Adv. Uri Schwartz ruled that the proposed merger would harm competition in both domestic and international flights.

11/01/2018 09:53 Tourism Globes correspondent

10 January 2018

Teva board of directors takes 50% pay cut

The company announced the cut after Meitav Dash chairman Zvi Stepak told the Globes Business Conference that the board should set an example.

Israeli AgPest IoT co FieldIn raises $4m

CEO: Our AgPest dataset has reached a critical-mass coverage that enables us to provide unique insights on crops, chemicals and geographies.

10/01/2018 18:34 Start ups Globes correspondent
Histadrut chief: Teva is spitting in Israel's face

Avi Nissenkorn had harsh words to say about Teva at the Globes Business Conference and slammed Israel's tax breaks policy.

10/01/2018 17:33 Healthcare Yuval Azulai
Bank of Israel keeps interest rate at 0.1%

The Bank of Israel Monetary Committee has kept the rate unchanged at its historic low since March 2015.

10/01/2018 16:38 Economy Globes correspondent
Foreign exchange reserves rise to record $113b in 2017

Despite the ongoing strengthening of the shekel, the Bank of Israel bought only $100 million in foreign currency last month.

10/01/2018 15:56 Economy Globes correspondent
Rivlin: We must renew our partnership with the Diaspora

At the "Globes" Israel Business Conference, President Reuven Rivlin also called for strengthening Israeli research and academic institutions.

10/01/2018 15:15 Economy Irit Avissar
Mobileye to launch 15 new systems in 2018

Mobileye CEO Prof. Amnon Shashua told the CES that the Israeli company's systems are now installed in 24 million cars.

10/01/2018 15:14 IT Michal Raz-Chaimovitch
Alona Bar-On: We must pay for quality information

"Globes" co-owner Alona Bar-On told the Israel Business Conference she believed high-quality, trustworthy journalism could be profitable. 

10/01/2018 14:09 Economy Irit Avissar
Jerusalem - Tel Aviv fast rail link to begin operating March 30

Passengers presenting a Rav-Kav multi-ride public transport card will be able to travel free for the first three months.

"Globes" Israel Business Conference underway

The conference was opened by President Reuven Rivlin. Over 100 speakers will address economic and social issues of the day.

10/01/2018 11:10 Economy Globes correspondent
Israel's Dotz Nano signs $15m distribution agreement in China

Dotz Nano produces and sells nanomaterial Graphene Quantum Dots, used in imaging and IP protection.

10/01/2018 10:17 IT Shiri Habib-Valdhorn
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