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19 March 2018

IKEA Negev Photo: Roei Lind IKEA's planned Beit Shemesh branch hits legal snag

Moshav Eshtaol alleges that it has a first refusal right to the land for the branch, which is part of the moshav.

19/03/2018 19:20 Real estate Shlomit Tsur
Len Blavatnik MediWound jumps on reports of acquisition talks

The Israeli burns and wound management company has hired an investment bank that specializes in mergers and acquisitions.

19/03/2018 17:58 Healthcare Gali Weinreb
Eyal Waldman and Ittai Ben Zeev Photo: Eilon Levy Mellanox to provide TASE with communications infrastructure

Mellanox CEO: This choice highlights the technological advantage, product robustness and competitive advantage that we allow our customers.

19/03/2018 16:53 IT Shiri Habib-Valdhorn
ForeScout Photo: Prospectus ForeScout files to raise $160m in secondary offering

The cybersecurity company's share price has risen 57% since its Nasdaq IPO five months ago.

19/03/2018 16:23 IT Shiri Habib-Valdhorn
medical cannabis Israeli medical cannabis co to build greenhouses abroad

Globus Pharma will invest NIS 4 million to build up to 25 acres of greenhouses overseas.

APG Photo: APG Israeli co APG unveils vertical take-off drones

APG's drone is among the first systems of its kind with four engines enabling it to transition from horizontal to vertical flight.

Bitcoins ISA committee recommends lenient regulation for ICOs

The committee for examining and regulating initial offerings for cryptocurrencies submitted its interim report today.

19/03/2018 14:49 Financial services Roy Katsiri
Judith and Kobi Richter  photo: Yossi Zeliger KLA-Tencor buying Orbotech for $3.4b

CEO Asher Levy: Orbotech will continue to operate under the Orbotech brand as a standalone business of KLA-Tencor based in Yavne.

IAI Israel Aerospace developing electrically powered aircraft

The aircraft will have environmental benefits and significant cost savings.

Ilan Raviv Photo: Eyal Yizhar Mergers boost Meitav Dash results

Meitav Dash, Israel's second largest investment house, posted a 20% rise in profit in 2017. 

19/03/2018 10:38 Financial services Ron Stein

18 March 2018

Paz to sell gas station real estate rights worth NIS 1.5b

Paz has benefited from the increase in land prices in recent years.

18/03/2018 20:39 Real estate Shlomit Tsur
Shufersal takes on Super-Pharm after New-Pharm buy

Shufersal is planning on reaching agreements with the health funds, and may develop a private brand for its New-Pharm subsidiary.

18/03/2018 18:35 Retailing Shany Moses
IDF in talks with Egypt to solve mobile network disruptions

Israel doubts Egypt's assertion that the disruptions are needed to combat ISIS and intelligence sources see the act as a grave violation of Israeli sovereignty.

18/03/2018 18:34 Politics Gad Perez
Clal Insurance buys 10% stake in Energean IPO

Clal Insurance invested more than $100 million in the London IPO and has become the Greek energy company's third largest shareholder.

18/03/2018 16:49 Energy Sonia Gorodeisky
Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Rishon Lezion, Rehovot, and Lod.

18/03/2018 15:07 Real estate Ori Chudy
BoI: Israeli bus journeys take 20% longer since 2011

Satisfaction with public transportation in the Tel Aviv and Jerusalem regions is lower than everywhere except in Italy, the Bank of Israel found.

Fattal to open NYX hotel in Jerusalem's Mahane Yehuda

The new hotel will be the Fattal chain's fourth in the capital and third NYX brand hotel in Israel.

11 Israelis indicted over unreported UBS Swiss accounts

Those indicted include businesspeople, lawyers, and salaried employees concelaing amounts of up to NIS 5 million.

18/03/2018 12:33 Legal Ela Levi-Weinrib
Team8, Airbus share spotlight at Paris Cybersecurity Forum

The 12th annual France-Israel Cybersecurity Forum in Paris brought together some 13 companies from Israel with more than 60 French groups looking for cyber technology.

18/03/2018 12:29 IT Brett Kline, Paris
Dexia SA sells Dexia Israel stake for NIS 350m

The shares were sold on the Tel Aviv Stock Exchange at a 13% discount for a total of NIS 350 million.

18/03/2018 11:55 Financial services Irit Avissar
Desilu Studios buys control of Israeli VOD co Vonetize

The deal is in two stages: 10% now for cash and 44% in a share swap when Desilu lists for trading in the US.

Israel's working week to be one hour shorter from April

Minister of Labor Haim Katz has extended the agreement between the Histadrut and the employers' organization to the Israeli economy as a whole.

18/03/2018 10:01 Economy Omri Zerachovitz

16 March 2018

Energean raises $460m in London IPO to develop Israeli gas fields

The Greek energy company has said that it will consider dual listing on the Tel Aviv Stock Exchange (TASE).

16/03/2018 14:54 Energy Globes correspondent

15 March 2018

Bridges to raise $75m impact fund for Israel investment

Sir Ronald Cohen was one of the founders of the fund, which has an overall goal of aiding disadvantaged groups and narrowing social gaps.

15/03/2018 19:42 Economy Nati Yefet
Housing prices continue falling, Feb CPI up 0.1%

Home prices fell in December and January and have risen 1.2% over the past year. Inflation is running at 0.2% annually, the Central Bureau of Statistics reports.

15/03/2018 18:49 Real estate Amiram Barkat
Jerusalem Deputy Mayor remand extended, Rami Levy questioned

Meir Turgeman and real estate developers are suspected of bribery, fraud and breach of trust, abuse of power, and tax offenses.

Yisrael Katz approves light rail to Ariel

The Minister of Transport announced that the NIS 4 billion project will connect Ariel to Rosh HaAyin, and Petah Tikva.

Israeli blood analysis co PixCell wins €2.5m EU grant

PixCell's HemoScreen performs a complete blood count within 5 minutes enabling physicians to diagnose and treat their patients during a single visit.

15/03/2018 17:04 Healthcare Globes correspondent
Drug release co PolyPid sets terms for $75m Nasdaq IPO

The offering by the Israeli company, scheduled for March 23, is planned at a $370 million company value.

15/03/2018 16:09 Healthcare Gali Weinreb
Knesset C'tee approves "green tax" to boost gas use

Reimbursement for excise tax on diesel fuel will be eliminated.

15/03/2018 14:19 Energy Sonia Gorodeisky
Pitango VC partner suspends himself amid harassment claims

Channel 2 investigative program Uvda accused Rami Beracha of sexual harassment of female entrepreneurs. Beracha: Someone decided to take me down.

15/03/2018 13:31 Start ups Nati Yefet
"Gas deal with Egypt will improve regional stability"

Israel Institute for National Security Studies researchers found that the new deal with Egypt has great strategic value for Israel.

15/03/2018 13:08 Politics Sonia Gorodeisky
Insurtech startup Lemonade's losses mount

CEO Daniel Schreiber said that revenue in 2017 was $10 million and expenses $15 million. "Insurance Insider" reports a loss of $15.7 million.

15/03/2018 12:59 Financial services Ron Stein
Knesset passes 2019 budget

The passage of the budget brings to an end a stormy week in Israeli politics, in which the government almost fell.

14 March 2018

OECD & IMF: Israel has West's worst traffic jams

IMF assistant director Craig Beaumont: Israel suffers the worst congestion in the OECD, and the situation will unfortunately only get worse. 

Teva scraps NTE integrated R&D project

CFO Michael McClellan: Nothing really ever came out of NTE so we terminated it.

14/03/2018 18:19 Healthcare Shiri Habib-Valdhorn
Israeli cyber security co Solebit raises $11m

The company delivers groundbreaking and the most effective evasion proof approach to the identification and prevention of zero-day malware and unknown threats.

SaaS security platform Luminate raises $14m

The Israeli company provides a universal platform for access to corporate applications in hybrid clouds.

14/03/2018 14:40 Start ups Globes correspondent
Israel meets with Saudi, Qatar, other Arabs reps on Gaza aid

Representatives of Israel, Bahrain, Egypt, Oman, Qatar, Saudi Arabia, European countries, but not the Palestinian Authority (PA) discussed Gaza aid.

14/03/2018 12:12 Politics Tal Schneider
Elbit Systems wins $65m Search and Rescue deal

The project for an Asian-Pacific country will be performed over a three year period.

Shekel thrives on dollar, euro woes

The Israeli currency has now been trading consistently below NIS 3.50/$ for most of the time since December 2017.

14/03/2018 11:43 Market Globes correspondent
Strauss net profit up 24% in 2014

Good results by Strauss Coffee boosted the group' sales and profits.

14/03/2018 11:43 Market Globes correspondent
Frutarom acquires Argentinean flavors co Meroar

The fast-growing Israeli flavors and natural specialty fine ingredients company has made 37 acquisitions since 2013.

Analysts: Broadcom could now target Mellanox acquisition

Thwarted in its attempts to buy Qualcomm, the Singapore chipmaker may expand through smaller acquisitions.

14/03/2018 09:39 IT Shiri Habib-Valdhorn

13 March 2018

Egyptian army believes ISIS using Israeli phone co SIM cards

"Globes" reveals why Egyptian army attacks on Israeli mobile phone networks are hitting 300,000 Israeli subscribers in the south.

13/03/2018 18:36 Politics Gad Perez
BoI earned 3% returns on foreign currency reserves in 2017

The returns were double those achieved in 2016, as the Bank of Israel invested over $100 billion in higher risk assets.

13/03/2018 17:40 Economy Amiram Barkat
Teva patent exec joins law firm Eitan Mehulal & Sadot

David Silver was until recently Senior IP Director and Chief Scientist in Teva's Intellectual Property Department. 

13/03/2018 16:13 Healthcare Shiri Habib-Valdhorn
Teva terminates Heptares migraine drug development rights

Teva is returning the rights to commercialize the small molecule gene-related peptide CGRP antagonist HTL0022562 as part of its streamlining plan.

13/03/2018 15:24 Healthcare Shiri Habib-Valdhorn
Israir to launch Tel Aviv - Scotland, Norway routes

The Israeli carrier will also increase the frequency of its flights from Tel Aviv to Tenerife in Spain from once to twice weekly.

Medical monitoring co ContinUse Biometrics raises $20m

The Israeli company applies advanced AI techniques to analyze the collected data in its health cloud.

13/03/2018 13:35 Start ups Globes correspondent
Andreessen Horowitz leads $9m round in RapidAPI

CEO Iddo Gino, who co-founded RapidAPI when he was 17, claims that it is now the biggest API marketplace in the world.

13/03/2018 12:39 Start ups Yasmin Yablonko
Hitachi Chemical licenses stem cell tech from Israel's Accellta

Haifa-based Accellta has developed technology for high speed mass culturing of stem cells.

13/03/2018 11:22 Healthcare Gali Weinreb
Ishai license holders warn on gas extraction from Aphrodite

Israel Opportunity chairman Rony Halman: Further development of the Aphrodite reservoir that ignores Israel's rights will represent a dangerous precedent.

13/03/2018 10:32 Politics Sonia Gorodeisky

12 March 2018

"Bill will put haredi workforce integration back a decade"

The conscription bill, which raises the age of exemption from military service, risks reversing a trend crucial to Israel's economic future.

12/03/2018 19:08 Economy Amiram Barkat
To help Elbit, IMI's Negev move delayed until 2024

The government has bent over backwards to provide Elbit Systems with easy terms and benefits in the privatization of IMI Systems.

Israeli behavioral biometrics co BioCatch raises $30m

BioCatch is a cybersecurity company that delivers behavioral biometrics analyzing human-device interactions to protect users and data.

12/03/2018 18:33 Start ups Globes correspondent
Accelmed fund makes 250% on Cogentix exit

Cogentix, sold to Canadian company Laborie for $242 million, is the biggest success so far for Accelmed's investment model.

12/03/2018 17:37 Healthcare Gali Weinreb
Spotify launches in Israel, offers month free trial

Spotify is working with local artists to add Israeli music to its worldwide collection of 35 million songs.

12/03/2018 17:20 IT Yasmin Yablonko
Jerusalem deputy mayor arrested on corruption suspicions

Police suspect that Meir Turgeman accepted a bribe to rig the tender for renovating the Jerusalem Central Post Office building opposite the Municipality.

12/03/2018 16:48 Legal Chen Ma'anit
CyberArk acquires cloud security co Vaultive

The Petah Tikva based cybersecurity company says Vaultive's cloud security product will enhance its privileged account security solution.

IAI moves to align R&D with strategy

Israel Aerospace Industries chairman Harel Locker: Focusing R&D and integrating it into the company's business strategy are necessities.

OurCrowd opens London office

The Israeli equity crowdfunding company, which now has 10 offices worldwide, expects to add thousands of new UK investors.

Tamar Petroleum, Amidar secure NIS 3b in debt offerings

Tamar Petroleum raised $560 million to cover payment to Noble Energy for rights in the Tamar gas reservoir.  

12/03/2018 13:01 Real estate Kobi Yeshayahou
Political crisis over? All eyes on Liberman

A legislative compromise on conscription of yeshiva students will save the coalition, if Minister of Defense Avigdor Liberman agrees to it. 

12/03/2018 09:53 Politics Tal Schneider
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