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16 June 2024

Moovit CEO Nir Bezalel credit: Moovit Moovit laying off 10% of workforce

Moovit said it is making the necessary adjustments in favor of concentrating on the company's core business and accelerating the transition to profitability.

16/06/2024 19:20 Employment Assaf Gilead
Mortgage taking rises credit: Unsplash Mortgage taking in Israel at highest since 2022

Mortgage taking rose to NIS 7.8 billion in May 2024, according to initial figures released by the Bank of Israel today - the highest figure since September 2022.

Nova CEO Gabi Waisman credit: Nova Nova nears record $7b market cap

The Israeli company's share price has risen by 73.2% since the start of the year and is trading at an all-time record high of $238.

16/06/2024 13:20 IT Shiri Habib-Valdhorn
Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Holon, Kadima-Tzoren, Alfei Menashe, Kiryat Motzkin and Ashkelon.

16/06/2024 12:53 Real estate Nir Weiss-Vadraru
Emmanuel Macron  credit: Shutterstock/Alexandros Michailidis "No Israelis allowed": France stiffens anti-Israel stance

A French court has extended the ban on Israeli companies at the Eurosatory defense event to any Israeli representative.

14 June 2024

May CPI much lower than expected

Annual inflation remains within the Bank of Israel's target range but housing prices continue to rise sharply.

14/06/2024 14:22 Economy Maya Levin

13 June 2024

US authorities file charges against Joonko founder Ilit Raz

The SEC and the United States Attorney’s Office for the Southern District of New York allege fraud amounting to at least $21 million.

13/06/2024 20:04 Start ups Assaf Gilead
IAI deploys port protection system in Asian country

Port Guard's open architecture allows for the installation of Israel Aerospace Industries's sensors, systems and platforms alongside solutions developed by other companies.

Inflation seen rising above Bank of Israel target range

The analysts' consensus is that the CPI rose by 0.5%-0.6% in May bringing the rate of inflation over the past 12 months to 3.1%-3.2%.

Fortissimo plans TASE IPO for Sugat

The Israeli private equity firm is considering the flotation of the food company at a valuation of NIS 1 billion.

Intel cash problems causing pause in new Israeli plant

The US chipmaker is struggling to finance the Kiryat Gat Fab38 production plant, despite an NIS 11 billion Israeli government grant.

13/06/2024 11:23 IT Assaf Gilead
US private equity firm in talks to buy cyberattack co Paragon

Sources have told "Globes" that the Israeli company, in which Ehud Barak was a founding investor, has been given a valuation of over $1 billion.

11 June 2024

El Al in talks to buy 30 Boeing 737 MAX aircraft

The Israeli carrier will pay up to $2.5 billion for the aircraft, which will be delivered over several years from 2027.

11/06/2024 10:12 Tourism Hezi Sternlicht

10 June 2024

Intel suspends work on new Kiryat Gat plant - report

A large infrastructure company has been asked by the chip giant to postpone work on the new plant, Channel 12 News reports.

Perion plummets on more Bing changes

The Israeli digital ad company has now announced that Microsoft Bing is excluding a number of publishers from its search distribution marketplace.

10/06/2024 17:32 IT Shiri Habib-Valdhorn
Short selling making some Israeli stocks highly volatile

Last week, Mobileye shot up by 16%, while ZIM plunged by a similar amount. What lies behind the phenomenon?

10/06/2024 16:41 Market Shiri Habib-Valdhorn
Bnei Brak BBC high-rise to be built after dispute resolved

The 30-floor high-rise with 28,000 square meters of office space is worth at least NIS 400 million.

10/06/2024 16:11 Real estate Yuval Nisani
Altshuler Shaham enters non-bank credit

The investment house is acquiring 80% of CrediTeam for NIS 27 million.

Police probe alleged political favors at Transport Ministry

Israel Police raided the ministry today after an investigative Channel 13 program claimed projects were promoted in cities where the mayor supported Transport Minister Miri Regev.

10/06/2024 14:44 Legal Nitsan Shafir
Discount Bank in talks to buy out Shufersal's PayBox stake

The price for Shufersal's 49.9% holding in the payments app is NIS 77 million. Discount Bank sees the buyout as a strategic move to enlarge its customer base.

Smotrich tells budgets chief to speed up

Within a few days, Minister of Finance Bezalel Smotrich has managed to clash with the two main divisional heads in his ministry.

10/06/2024 11:33 Economy Oren Dori

09 June 2024

Psagot signs MoU to buy military robot co Roboteam

The Israeli unmanned ground vehicles company, which develops and manufactures robots for military and security missions, is valued at $40 million.

Benny Gantz quits gov't

In explaining why the 8 MKs of the National Unity Party are leaving the government, Gantz said that Netanyahu is preventing a genuine victory in the war.

09/06/2024 21:10 Politics Globes correspondent
Yitzhak Tshuva eyes Isracard stake

The Israeli credit card company, operating without a controlling core, is attracting attention from the Delek Group controlling shareholder, sources inform "Globes."

War pushes up housing prices in Israel

During the war, the need for reinforced security rooms in homes has increased significantly, and this can only be provided by new and second-hand apartments built in the last 20 years.

09/06/2024 18:09 Real estate Arik Mirovsky
Day 8 turns agricultural waste into protein

The Israeli company has developed an industrial process to extract alternative proteins from the banana leaf.

09/06/2024 15:11 Start ups Ela Levi-Weinrib
Israel's fiscal deficit widens to 7.2%

Many sources believe that it will be difficult for the government to meet its fiscal deficit target of 6.6% of GDP at the end of 2024.

09/06/2024 13:35 Economy Oren Dori
Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Ramat Gan, Hod Hasharon, Netanya, Ness Ziona, Afula and Dimona.

08 June 2024

Israeli forces rescue four hostages from Gaza Strip

A combined daylight operation freed Noa Argamani, Almog Meir, Andrey Kozlov, and Shlomi Ziv, whom Hamas abducted from the Nova music festival on October 7.

08/06/2024 23:07 Politics Globes correspondent
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