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29 March 2017

Hanan Mor Hanan Mor questioned in Netanya bribery probe

The building contractor was questioned under caution on suspicions he made donations that were actually bribes.

Elbit UAV Photo PR Israel's defense exports up 14% in 2016

Asian Pacific countries continue to be the main export target for Israeli companies.

New apartments IMF: Israeli home prices rose 7.5% in 2016

The IMF said there is no bubble in the Israeli housing market although it estimates prices are 9% above their real value.

29/03/2017 16:33 Real estate Amiram Barkat
Elbit ClearVision Photo: Dassault Elbit wins $82m electro-optic airborne deal

The Condor 2 system, for use in intelligence, surveillance, target acquisition and reconnaissance (ISTAR) missions, will be delivered to an asian-pacific country.

Moshe Kahlon, Karnit Flug  photo: Uriah Tadmor Karnit Flug opposes tax cuts

The Bank of Israel Governor said surplus tax revenues should be used to increase growth potential by investing in infrastructures and education.

29/03/2017 15:36 Economy Amiram Barkat
start-ups Analytics platform ControlUp raises $10m

ControlUp spearheads the Collective IT Analytics revolution by harnessing the power of big data to analyze operational IT data.

29/03/2017 13:09 Start ups Globes correspondent
Ashdod Port Israeli logistics tech co Freightos raises $25m

Freightos technology already digitizes freight operations for over 1,000 logistics providers and global supply chain companies.

29/03/2017 13:00 Start ups Tali Tsipori
Adv. Ephraim Nave Photo: Tamar Matsafi Israeli lawyers threaten unprecedented sanctions

The dispute about retirement benefits for judges could disrupt court hearings after Passover.

29/03/2017 12:15 Employment Chen Ma'anit
Itay Glick and Aviv Grafi Photo: PR Votiro Cybersec raising $7.75m in Australia

$5.5 million of the Israeli cybersecurity company's private placement has aready been underwritten by redfield asset Management.

29/03/2017 11:59 IT Globes correspondent
Ryanair Ryanair inaugurates Tel Aviv flights

Ten more carriers are slated to begin operations at Ben Gurion Airport in the coming months.

29/03/2017 11:39 Tourism Michal Raz-Chaimovich
Wizz Air Photo: PR Wizz Air to launch three new Tel Aviv routes

The low-cost Hungarian carrier is also expanding the number of its weekly flights from Tel Aviv to Budapest and Bucharest.

29/03/2017 11:17 Tourism Michal Raz-Chaimovich
Sa'ar 5 and drilling platform Israel to step up gas field naval defenses - report

A senior IDF naval officer has told "Defense News" that the number of Iron Defense launchers on each Sa'ar 6 warship will be doubled.

28 March 2017

Cellect soars on Nasdaq after initial trial report

The company published an unusual announcement of results of treatment of a single patient.

28/03/2017 19:38 Healthcare Gali Weinreb
3 bond issues raise NIS 3b

Azrieli Group, Bayside Land, and IEC took advantage of the near-zero yields on government bonds.

TA municipality, Tnuva sell lots for NIS 1.08b

The Gindi family will be constructing the entire project on the site of the Tel Aviv wholesale market.

28/03/2017 18:32 Real estate Shlomit Tsur
Failed trial pushes Foamix down 40%

The company, which develops foam-based drugs, will have to reanalyze the data to see whether a request for FDA approval can be filed.

28/03/2017 18:25 Healthcare Gali Weinreb
IAI wins huge order in Asia

The contract is for $200 million worth of location and observations systems.

BoI changing interest rate report

The new report format will be shorter and will present the Monetary Committee's view on the economy.

Discount Bank 2016 profit up 21% to NIS 961m

The net profit represents a return on equity of 6.6%, compared with 5.8% in 2015.

28/03/2017 11:53 Financial services Moshe Golan
Strauss Group buys out TPG stake in Strauss Coffee

Strauss Group is paying €257 million for the 25% stake.

28/03/2017 10:01 Basic industries Yossi Nissan

27 March 2017

Israeli cyber co Waterfall teams with insurance specialists

THB, CNA Hardy, and Waterfall Security Solutions have entered into a partnership to provide a cyber security protection for industrial businesses.

27/03/2017 19:00 IT Globes correspondent
Swiss prosecutor questions Beny Steinmetz for 3 days

Steinmetz is suspected of bribing the Guinean president to grant him mining rights.

27/03/2017 18:50 Legal Ela Levi-Weinrib
Petrochemicals' woes continue

The company's coffers are empty, and it must repay a NIS 300 million debt this year.

27/03/2017 18:33 Energy Kobi Yeshayahou
Gazit-Globe 2016 net profit: NIS 787m

"We'll focus on increasing our private real estate business, mainly in the US."

27/03/2017 18:12 Real estate Omri Cohen
Rivlin refuses pardon for Olmert

President Reuven Rivlin: The president's authority to pardon is not a forum for appealing Supreme Court rulings.

27/03/2017 18:08 Legal Chen Ma'anit
Airobotics allowed to operate drones without eye contact

The Israel Civil Aviation Authority granted the permit in the past few days.

Vonetize posts $6m loss for 2016

The VOD content provider has lost 60% of its value since its IPO.

27/03/2017 16:35 IT Kobi Yeshayahou
IAI sells BirdEye 650D UAV to Latin American country

Israel Aerospace Industries has signed deals for tens of millions of dollars in South America.

Hot launches Next brand to counter Netflix

Next is a digital platform for television viewing from any location.

27/03/2017 15:38 Market Gad Perez
Zadik Bino's Paz stake falls below 5%

Sales of shares today and last week take Bino's holding in Paz Oil beneath the 5% threshold.

Going concern warning for Kardan NV

The company finished 2016 with a €31 million loss.

27/03/2017 11:23 Market Omri Cohen
Clal Insurance workers end strike

Employees and management agreed pay rises, and will negotiate intensively to reach a comprehensive collective agreement.

Shekel starts week stronger

FXCM: The foreign exchange market is not coming into line with the Bank of Israel.

27/03/2017 09:55 Market Globes correspondent

26 March 2017

Clal Insurance labor sanctions escalate

Months of negotiations between the unionized workers and management were fruitless.

26/03/2017 18:55 Financial services Ron Stein
Hapoalim makes NIS 890m Q4 provision

Bank Hapoalim published what was in effect a profit warning just before the weekend.

26/03/2017 18:18 Financial services Irit Avissar
Sky Fund acquiring Groupon Israel

The managers of the Israeli branch are also taking part in the acquisition.

Netanyahu, Kahlon fail to agree on broadcasting corp

All the coalition party leaders oppose calling an early election over the issue.

26/03/2017 16:49 Politics Shay Niv
Invest in high tech, Kahlon tells institutions

Minister of Finance Moshe Kahlon sees lack of institutional investment preventing Israelis from benefiting from the industry's success.

26/03/2017 16:20 Healthcare Globes correspondent
Medigus raises NIS 7.5m on Nasdaq - share plunges

The company is having difficulty marketing its non-surgical treatment for heartburn.

26/03/2017 15:31 Healthcare Gali Weinreb
Israeli mortgage market slows further

New mortgages totaled NIS 4.12 billion in February, continuing a steady decline.

Ben-Moshe, Mirilashvili buying power station option

The power station in Be'er Tuvia will produced 430 megawatts using combined cycle technology.

Bet Shemesh Engines signs $173m agreement with German co

The 2017-2030 agreement is an extension of an agreement from 2013.

IEC raises NIS 1.6b from institutions

Demand for the bond offering was some NIS 5 billion.

26/03/2017 11:38 Energy Yossi Nissan

23 March 2017

Adama stake sale boosts IDB profit

The group's auditors have removed the going concern qualification they attached to its financial statements in recent years.

23/03/2017 19:11 Economy Omri Cohen
Shaked sets fees to stem class actions flood

 Minister of Justice Ayelet Shaked has decided that a NIS 24,000 fee will be charged for a class action in a district court.

23/03/2017 18:19 Legal Chen Ma'anit
Israir reports strong profit growth

All measures of the airline's business improved in 2016, and it added revenue from incoming tourism.

23/03/2017 17:47 Tourism Michal Raz-Chaimovich
Frutarom's sales soar 31% in 2016

The company's operating profit was $149 million, and its net profit $109 million.

Israeli medical cannabis co Therapix lists on Nasdaq

Therapix Biosciences, which is developing treatments for Alzheimer's and Tourette syndrome, raised $12 million.

23/03/2017 16:59 Healthcare Gali Weinreb
Harel, Migdal report improved profits

Harel Insurance has declared a NIS 107 million dividend.

23/03/2017 16:43 Financial services Ron Stein
Israel raises fines for traffic violations

Driving at 41-50 kilometers per hour above the speed limit on an inter-urban road will incur a fine of NIS 1,500.

BiolineRx buys UK co Agalimmune

BiolineRx is paying $6 million upfront for Agalimmune, which has developed a new immunotherapy solution for treating cancer.

23/03/2017 14:17 Healthcare Gali Weinreb
Lebanon: Israel's maritime zone law means war

Lebanese parliament spokesman Nabih Berri said that Israel's proposed law on the energy-rich disputed waters could trigger a war.

23/03/2017 11:24 Politics Nati Yefet
Citi: Banks and fintech cos must cooperate

A Money 20/20 conference at Citi's Israel Innovation Center discussed the growing synergy between banks and fintech companies.

Shekel resumes gains

FXCM Israel: The Bank of Israel has adopted a more aggressive stance against speculators.

23/03/2017 10:42 Market Globes correspondent
Teva fires dozens in Israel

Many more employees will be let go in Israel and worldwide as the pharmaceutical company implements a new streamlining plan.

23/03/2017 10:10 Healthcare Gali Weinreb
Daylight savings in Israel begins tonight

At 2am Thursday night - Friday morning March 23/24, clocks should be moved forward by one hour.

23/03/2017 09:04 Economy Globes correspondent
Building starts slightly down in 2016

The Bank of Israel criticized the Central Bureau of Statistics' estimates for being consistently lower than the true figures.

23/03/2017 07:13 Real estate Ori Chudy
BoI: Growth added NIS 4.5b to tax revenues

Revenues from taxes on imported cars and real estate equaled 0.5-0.7% of GDP in recent years, the Bank of Israel said.

23/03/2017 07:12 Economy Amiram Barkat
Coca Cola Israel handed NIS 62.7m antitrust fine

The Central Bottling Company allegedly offered discounts on monopoly Coca Cola products to customers that bought Tara dairy products.

23/03/2017 07:10 Legal Ela Levi-Weinrib

22 March 2017

Sde Dov Airport to operate until 2019

Tel Aviv landowners: Violating agreements with us will cost the state NIS 6.5 billion.

22/03/2017 18:45 Real estate Ori Chudy
Netflix to open Israel customer call center

The US company is advertising for Hebrew speaking customer support staff and is set to shake up Israel's TV market.

Schneider lands $7m artificial pancreas grant

A trial of an artificial pancreas with 100 patients will be conducted at the Israeli children's hospital with a US NIH grant.

22/03/2017 15:28 Healthcare Gali Weinreb
Elbit wins $100m IDF radio systems deal

Elbit Systems will expand its manufacturing and maintenance site in Arad to include 100 employees.

Azrieli profit doubles

95% of the office space in Tel Aviv's Azrieli Sarona building has been leased.

22/03/2017 13:45 Real estate Shira Karpick Sapir
Israeli smart car co Autotalks raises $30m

The Israeli company's V2V communications will be deployed in US in new vehicles from 2019 following design wins with leading Tier-1s and OEMs.

22/03/2017 12:26 Start ups Tali Tsipori
Shekel loses sharply as BoI buys more dollars

The Bank of Israel is buying large amounts of foreign currency for the third consecutive day.

22/03/2017 11:47 Market Globes correspondent
Netanyahu continues to trail in the polls

The latest poll for Radio 103FM shows Yair Lapid's Yesh Atid winning 26 seats and the ruling Likud winning 24 seats.

Pilots' crisis pushes El Al to Q4 loss

The Israeli carrier's 2016 net profit was $81 million down from $107 million in 2015. 

22/03/2017 11:13 Tourism Globes correspondent
Elbit Systems ends 2016 with higher profit and revenue

The backlog of orders held by the Israeli defense electronics company rose to $6.9 billion at the end of 2016.

More arrests in Israel Aerospace bribery probe

One of the suspects arrested today is the son of a well-known public figure.

21 March 2017

Israel probes Google, Facebook tax collection options

Investigators believe that they have evidence that Google and Facebook have a relationship with the domestic market that justifies assessing them for taxes.

 

 

21/03/2017 20:11 Economy Anat Bein-Leibovitz
Police recommend indicting Netanya mayor

Miriam Feirberg allegedly accepted bribes, abetted by her son and ex-husband.

21/03/2017 18:12 Real estate Chen Ma'anit
Forbes: Eyal Ofer remains wealthiest Israeli

There were 18 Israelis on "Forbes" 2017 billionaires list with Stef Wertheimer again the richest Israel-based Israeli.

TASE, Intel team for Int'l Blockchain Hackathon

Driven by its unique experience with Fintech, cyber and cryptography, Israel has positioned itself as the hotspot for blockchain innovation.

21/03/2017 15:27 IT Globes correspondent
Flug: Foreign residents speculating on shekel

Karnit Flug believes much of the $4.5 billion bought by foreign residents since the start of 2017 is speculative investment.

Treasury approves pay hike for professional soldiers

The agreement will affect 10,000 officers and NCOs.

21/03/2017 12:38 Economy Globes correspondent
Shekel gains on dollar despite BoI $300m buy

FXCM Israel: On the last two occasions that the Bank of Israel intervened, it did not succeed in holding back the shekel.

21/03/2017 12:32 Market Globes correspondent
Mizrahi profit continues to rise

The Israeli bank's return on equity rose from 10% in 2015 to 10.2% in 2016.

21/03/2017 12:13 Financial services Moshe Golan
Ophthalmic device co EyeYon Medical raises $6.5m

China-based venture capital fund Rimonci Capital and co-investor Gauss Group led the financing round.

Egged strike called off

The bus cooperative and Histadrut have heeded the Tel Aviv District Labor Court's recommendation to enter more intensive talks.

Israel's tallest planned building approved

The 100-floor building will overlook Tel Aviv Savidor Central station.

21/03/2017 06:22 Real estate Shlomit Tsur
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