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26 February 2017

SAIC production line Photo: Reuters China's SAIC to open Israel development center

Chinese car manufacturing giant SAIC is founding an R&D center in Israel for advanced auto technologies. 

26/02/2017 18:25 Economy Dubi Ben-Gedalyahu
KIKO Milano Photo Shutterstock ASAP Creative KIKO Milano in talks to open Israeli cosmetics stores

Israeli fashion chain Mania Jeans is in advance talks to become the KIKO Milano franchisee.

New cars at Ashdod port Photo: Tamar Matsafi Treasury warns growth rests on new car sales

Car purchases accounted for much of the increase in both private consumption and investments in 2016, the Finance Ministry says.

26/02/2017 18:10 Economy Moshe Golan
Foot Locker Photo: Bloomberg Fox set to open Israel's first 3 Foot Locker stores

The first three branches of the sports stores will be in Tel Aviv, Rishon Lezion and the newly renovated Terminal 1 at Ben Gurion Airport.

26/02/2017 17:03 Retailing Michal Raz-Chaimovich
Roni Brik Photo: Screenshot Israel Builders Assn head: Home prices still rising

"I see no change in the trend," Israel Builders Association president Roni Brik told the Globes 2017 Real Estate Conference

26/02/2017 15:37 Real estate Ori Chudy
Tel Aviv luxury apartments Apartments sold and rented

A selection of the latest real estate deals in Israel including in Tel Aviv, Ramat Gan, Givatayim, Holon and Modi'in.

26/02/2017 14:41 Real estate Ori Chudy
Yitzhak Peterburg Photo: PR Teva freezes plans to build Ra'anana HQ

Teva acting CEO Yitzhak Peterburg said that the company was considering how to continue the project at lower cost.

26/02/2017 13:04 Healthcare Gali Weinreb
Gasoline Photo: Thinkstock Gasoline prices to fall in Israel Tue night

The maximum price of 95 octane gasoline at self-service pumps will fall NIS 0.06 to NIS 6.10 on March 1.

26/02/2017 12:06 Energy Shachar Fuchs
Shraga Biran  photo: Vardi Kahana Alon Group reaches debt settlement

The company will have until October 1 to raise capital.

26/02/2017 11:26 Market Omri Cohen

23 February 2017

El Al, Qantas eye code-sharing agreement

The CEOs of the two airlines signed a memorandum of understanding today in Sydney.

23/02/2017 21:17 Tourism Globes correspondent
Novolog completes TASE IPO

High demand meant that the pharma logistics company's valuation for the public stage of the offering rose to NIS 560 million.

23/02/2017 21:00 Healthcare Nitzan Cohen
ISA to extend binary options ban to foreign customers

A new bill will outlaw Israeli trading arenas' activity with non-Israeli customers unless the arena holds a trading license in the country concerned.

23/02/2017 18:34 Financial services Ron Stein
Ad recovery co Uponit raises $2.3m

Using cyber technologies, the Israeli startup helps publishers measure and restore their blocked ad inventory.

23/02/2017 16:52 Start ups Globes correspondent
JVP invests $2m in insurtech cos GetmeIns, Seegnature

The quality of the competition was so impressive that Jerusalem Venture Partners decided to double the grand prize.

Wix buys US art community DeviantArt for $36m

The acquisition provides the Israeli company with opportunities for product development, brand recognition and increased traffic.

Air India head to visit Israel, announce new route

Ashwani Lohani will visit Israel early next month as a guest of Tourism Minister Yariv Levin.

23/02/2017 15:03 Tourism Globes correspondent
Infosys accused of overpaying for Israeli startup

The Indian software giant has been rocked by allegations that it deliberately overpaid for Panaya in 2015.

Autodesk invests in Israeli IoT co Jumper

The Tel Aviv based company provides a platform that streamlines the process of developing and testing embedded software for Internet of Things (IoT) products.

23/02/2017 13:29 Start ups Globes correspondent
BoI intervenes to weaken shekel

Even after the Bank of Israel purchased $200 million in foreign currency, the shekel remains stronger against the dollar today.

23/02/2017 11:27 Market Amiram Barkat
Noble commits to financing Leviathan development

Energy Minister: The final investment decision by Noble and the other partners puts an end to opposition to the gas outline agreement.

23/02/2017 10:15 Energy Nati Yefet
4 judges chosen as Supreme Court moves right

Three of the four new judges were reportedly backed by right-wing Justice Minister Ayelet Shaked.

23/02/2017 09:37 Politics Globes correspondent
Appraisers rebuked over home price contradiction

Chief statistician accuses the appraisers of confusing the public by comparing monthly and quarterly apartment price figures.

23/02/2017 08:27 Real estate Ori Chudy

22 February 2017

US offerings on TASE bring fat fees

The main beneficiaries are underwriters Poalim IBI and a list of consultants.

22/02/2017 19:13 Financial services Aviv Levy
Wharton Property TASE bonds oversubscribed

The size of the bond issue by US real estate developer Jeff Sutton was increased to NIS 960 million.

22/02/2017 18:21 Market Omri Cohen
MindUP incubator takes in first startup

Hemonitor measures blood flow in the main artery of intensive care patients.

22/02/2017 17:31 Healthcare Gali Weinreb
Israeli SaaS co TestCraft raises $1m

The Tel Aviv-based company provides continuous testing SaaS-based solutions that allow manual business testers to create test automation without coding.

22/02/2017 17:15 Start ups Globes correspondent
Mobileye Q4 results exceed expectations

Mobileye CEO: We won 12 new programs from 11 automakers in 2016.

22/02/2017 15:49 IT Globes correspondent
2,450 homes approved for Hod Hasharon

The Tel Aviv municipality will probably publish a tender for its share of the Beit Hanaara site.

22/02/2017 14:28 Real estate Shlomit Tsur
Nasdaq expects more Israeli IPOs in 2017

94 Nasdaq-listed Israeli companies have an aggregate $70 billion market cap.

22/02/2017 13:44 Healthcare Kobi Yeshayahou
Kalytera buys Israeli cannabis co Talent Biotech

The Canadian therapeutics firm will pay $10 million plus shares and $20 million in milestone payments for the Israeli GvHD treatment developer.

22/02/2017 12:47 Healthcare Globes correspondent
SodaStream recalls potentially dangerous bottles

The Israeli carbonated drinks provider is recalling 58,600 bottles in North America that could burst and injure consumers.

22/02/2017 11:31 Market Globes correspondent
Shufersal to begin New-Pharm acquisition talks

Israel's largest supermarket chain also reported a sharp rise in profit in its fourth quarter results.

Alarmed exporters demand action to weaken shekel

Israel Export Institute: The exchange rate is the worst it has been since 1999.

22/02/2017 08:03 Economy Yuval Azulai

21 February 2017

Teva boosted as FDA delays generic Copaxone

IBI analyst Steven Tepper: Every month of delay means $150-200 million more for Teva.

21/02/2017 18:55 Healthcare Gali Weinreb
ALTANA buys Landa's metallography technology

Benny Landa's metallized graphics is a sustainable alternative to foil-transfer processes, enabling metallization graphics at up to half the cost of conventional foil stamping.

TA La Guardia urban renewal plan approved

450 units in three towers and a 25-storey office tower will replace 130 apartments.

21/02/2017 18:05 Real estate Alfi Eliyahu Shauly
Azaria handed 18-months for manslaughter

One of the three judges wanted a more severe sentence for Elor Azaria, the soldier who shot dead an injured terrorist in Hebron.

21/02/2017 17:16 Legal Chen Ma'anit
Gauzy teams with Mercedes on window messages

The Israeli company's LCD smart glass technology enables car windows to switch from transparent to opaque on demand to communicate location based messages.

21/02/2017 15:42 Start ups Globes correspondent
Shekel appreciation gains momentum

The shekel has pushed the dollar below NIS 3.70/$ and the euro below NIS 3.90/€.

21/02/2017 15:18 Market Hillel Koren
In first, Israeli public servant convicted for leak

The Tel Aviv District Court convicted Ayelet Azulai, bureau chief of late Minister of Defense Binyamin Ben Eliezer.

21/02/2017 13:37 Legal Chen Ma'anit
Leumi's digital bank Pepper launches app

Bank Leumi's digital bank is offering a free payments app, which subsidizes the cost of transactions and clearance.

21/02/2017 13:28 Financial services Irit Avissar
Pearl Cohen law firm brings in 3 partners

The new partners together with Adv. Paul Lenga are launching Pearl Cohen's Infrastructure and Project Finance Group.

21/02/2017 12:22 Legal Globes correspondent
Haifa-Nazareth light rail line approved

The Ministry of Transport estimates the project's cost at NIS 5.9 billion.

Leviathan partners close development finance

The partnerships in the gas reservoir have signed a $1.75 billion agreement with an international consortium of lenders.

21/02/2017 09:12 Financial services Nati Yefet

20 February 2017

Knesset c'tee approves TASE ownership reform

Each bank's stake in the TASE will be limited to 5%.

20/02/2017 19:13 Market Shira Karpick Sapir
Israel to relax arms export controls

At the same time, penalties for breach of regulations will become more severe.

Shapir Engineering in Romanian bribery probe

A Shapir subsidiary is suspected of bribing Romanian public servants to ensure it won a tender.

SilicoNegev to boost southern entrepreneurship

The winning startup in a Negev competition will be granted a NIS 500,000 investment.

20/02/2017 19:08 Start ups Idan Rabi
Direct Finance mulls NIS 100m loan sale to Hapoalim

The company, controlled by Direct Insurance, seeks sources to expand its credit business.

Israeli accelerator launched for Arab entrepreneurs

Five startups have been accepted into the first four month LEAP Haifa course operated by PresenTense, with the support of CITI Israel.

20/02/2017 18:07 Start ups Idan Rabi
Home purchases in Israel down sharply in Q4

Home purchases fell 17% from the corresponding quarter of 2015, the Ministry of Finance reports.

20/02/2017 17:25 Real estate Ori Chudy
Novolog flotation underway

Drug distributor Novolog has a 40% share of the Israeli market.

20/02/2017 17:04 Healthcare Aviv Levy
Histadrut threatens Egged strike

The government is linking subsidies to egged cutting its market share from 37% to 20%.

Delek deadline looms on $1.5b Leviathan loan

Delek must decide if it wishes to proceed with the loan from HSBC and JP Morgan amid uncertainty over the gas agreement with Jordan.

20/02/2017 15:51 Energy Nati Yefet
Treasury: Israel's income gap narrowing

Poor families saw greater growth in income than rich families in 2007-2015.

20/02/2017 12:49 Economy Amiram Barkat
Shekel strengthens further

FXCM Israel: The low exchange rate against the US dollar represents a problem for the Israeli economy.

20/02/2017 09:41 Market Globes correspondent
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