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17 December 2017

Nati Saidoff Photo: PR Fierce competition to acquire Africa-Israel

Naty Saidoff and Moti Ben-Moshe further have improved their bids in recent days ahead of tomorrow's decisive vote by the company's bondholders.

17/12/2017 18:26 Real estate Omri Cohen
Gideon Tadmor  photo: Uria Tadmor Navitas raises stake in Buckskin project to 7.5%

The move follows a private bond placement in which Navitas Petroleum raised NIS 240 million.

17/12/2017 17:56 Energy Kobi Yeshayahou
Kare Schultz Photo: PR Analysts reassess Teva in light of restructuring plan

As Teva overtakes Check Point to regain the title of most valuable Israeli company, several analysts have revised previous pessimistic targets.

17/12/2017 17:41 Healthcare Shiri Habib-Valdhorn
DNA  photo: Reuters Rosetta Genomics sold for $10m

The company lost 90% of its value since its IPO.

17/12/2017 14:43 Healthcare Gali Weinreb
Leadspace photo: Yair Galler Israeli marketing platform co Leadspace raises $21m

The financing round in the B2B audience management platform was led by Arrowroot Capital. 

17/12/2017 14:02 Start ups Nati Yefet
Partner CEO Isaac Benbenisti Photo: Amir Gossfried Partner CEO claims 40,000 TV customers

Isaac Benbenisti: Customers won't pay for channels they don't watch.

17/12/2017 13:33 Market Gad Perez
Benjamin Netanyahu Photo: Reuters Netanyahu: Cryptocurrencies spell end of banks

"Nothing can continue rising like bitcoin. It's impossible."

Television  photo: Reuters Sintec Media plans 60 layoffs

Many of the company's employees are programmers from the haredi sector.

17/12/2017 12:50 Employment Anat Bein-Leibovitz
Power lines  photo: Eyal Izhar IEC reform plan agreed

The Ministry of Finance and the Ministry of National Infrastructure, Energy and Water Resources hope to sign an agreement this week.

Adidas  photo: Reuters Sports Events 365 expands to South Korea

The Israel-based provider of tickets to sports and music events worldwide has started to operate a Korean-language website and a full-service Korean-language reservations call center.

Teva Photo: Reuters Moody's places Teva rating under review

"Teva faces significant challenges to sustainably reduce its financial leverage to levels acceptable for its current rating", Moody's says.

17/12/2017 10:51 Healthcare Globes correspondent
Teva workers demonstration  photo: Tal Schneider Strikes hit Israel in support of Teva workers

The half-day strike covers government ministries, the banks, the courts, and airports. Netanyahu says he'll meet Teva CEO Schultz.

17/12/2017 10:15 Healthcare Tal Schneider

14 December 2017

The change had to be made, Teva's CEO tells "Globes"

Kare Schultz: I'm very sad about the good people around the world who will leave us; we're doing what has to be done to remain a competitive and strong company.

14/12/2017 21:35 Healthcare Shiri Habib-Valdhorn
Teva CEO tells Netanyahu of hostile takeover risk

In a letter to Prime Minister Benjamin Netanyahu, Kare Schultz commits to keeping Teva Israeli.

14/12/2017 19:01 Healthcare Globes correspondent
US offerings in Tel Aviv a bonanza for underwriters

US companies are paying triple the fees paid by Israeli companies for bond issues.

14/12/2017 18:03 Financial services Aviv Levy
Koch Industries leading $75-150m round in Insightec

The Israeli medical equipment company's financing round is at a company value of $460 million, before money.

14/12/2017 17:10 Healthcare Omri Cohen
Teva announces 14,000 layoffs worldwide

CEO Kare Schultz: Teva will optimize its cost base while ensuring that we protect our revenues and preserve our core capabilities.

14/12/2017 14:20 Healthcare Nitzan Cohen
Zionist Union sets out plan to combat corruption

Zionist Union leader Avi Gabbay: Corruption is a strategic threat to the stability of society;it directly harms every citizen.

14/12/2017 12:45 Politics Tal Schneider
Israel Postal Co expanding Modi'in online trade center

Israel Postal Company will more than triple its space in Modi'in, in response to the rapid increase in goods that Israelis are ordering online.

Ashdod Port petitions Labor Court against worker sanctions

The port's management is seeking an injunction ordering operations managers and workers back to work.

Carmel Tunnels toll cut

The Ministry of Finance hopes for better use of the tunnels and less traffic congestion in metropolitan Haifa.

Histadrut calls general strike Sunday over Teva cuts

Public transport, the airport, health fund clinics, banks and more will strike Sunday morning in solidarity with Teva's employees.

14/12/2017 06:56 Employment Yuval Azulai

13 December 2017

Fattal becomes UK's second biggest hotel chain

The Israeli company signed an £800 million agreement with the Swedish Pandox chain to lease and manage 36 hotels in the UK and Ireland.

New home sales continue to fall

1,895 new homes were sold in October, compared with 1,990 in September and 1,956 in October 2016.

13/12/2017 18:50 Real estate Ori Chudy
Blockchain co Colu raises $14.5m from IDB

The Israeli company, which has created a wallet app for digital, localized currencies, has been an active player in blockchain technology since 2014.

13/12/2017 18:23 Start ups Nati Yefet
3D imaging sensor co Vayyar Imaging raises $45m

The Israeli company has developed 3D sensors that can see through solid objects.

easyJet to launch Tel Aviv flights to 3 French cities

The UK low-cost carrier will begin flying from Israel to Lyon, Bordeaux and Nice next year.

13/12/2017 16:23 Tourism Globes correspondent
Events management software co Bizzabo raises $15m

The Israeli company's events cloud empowers event marketers to manage, measure and grow professional events worldwide.

13/12/2017 16:00 Start ups Nati Yefet
Shared taxis to accept rav-kav smart cards

Minister of Transport: Shared-route taxis will be part of public transportation in Israel, including on the Sabbath.

Teva to fire at least 3,000 in Israel

The pharmaceutical company will close down most of its production operations in Israel, sources inform "Globes."

Ben Gurion Airport to expand northwards

The northern extension will include a new runway and cargo handling center.

13/12/2017 13:08 Tourism Michal Raz-Chaimovich
Noble mulls helping build Cyprus-Egypt pipeline - report

Senior Noble Energy executives have met with Egypt’s Petroleum Minister Tarek Al-Mulla to discuss investments, "Egypt Independent" reports.

13/12/2017 12:16 Energy Sonia Gorodeisky
Rosario Capital teams with US real estate consultants

Through Ackman-Ziff, Rosario will offer financing services to Israeli real estate companies investing in the US.

Teva's Yitzhak Peterburg steps down

Peterburg was chairman of the board of directors which approved Teva's $40 billion acquisition of Actavis.

13/12/2017 10:08 Healthcare Nitzan Cohen
Connected car co Upstream Security raises $9m

Upstream CEO: We’re using emerging technologies like AI and machine learning to carry out an evolutionary leap in cybersecurity for passenger and commercial vehicles.

13/12/2017 09:38 Start ups Nati Yefet
Gamida Cell reports positive cancer drug trial

The company is preparing for an IPO next year, after recently raising money at a $160 million company value.

13/12/2017 08:28 Healthcare Gali Weinreb
Kiryat Shmona braces for Teva plant closure

Mayor Nissim Malka: The layoffs are liable to make people leave the town.

13/12/2017 08:27 Healthcare Yuval Azulai

12 December 2017

IVC identifies 24 Israeli tech cos ready for IPO

IVC-Research says that the large amounts raised by the companies makes them ripe for a public offering.

12/12/2017 17:48 Start ups Globes correspondent
Aeronautics wins $13m African UAV deal

Delivery of the drones will be over 18 months.

Israel Tax Authority reintroduces voluntary disclosure

Ahead of the CRS agreement, the procedure enables Israelis to disclose unreported income without facing criminal proceedings.

12/12/2017 14:55 Economy Ela Levi-Weinrib
Japanese co IRI files to raise NIS 44m in TASE IPO

The money raised will be used mostly for investments in startups in Israel and Japan.

12/12/2017 13:01 Market Shiri Habib-Valdhorn
Basel 4 rules for banks finally approved

Israeli banks are already strictly regulated no dramatic changes are expected.

12/12/2017 12:44 Financial services Irit Avissar
Hauser: We'll block bitcoin based cos from TASE indices

The Israel Securities Authority chairman says he is considering banning the companies until a regulatory framework is approved for cryptocurrencies.

12/12/2017 12:31 Market Globes correspondent
MK Rachel Azaria threatens banks with P2P legislation

Peer-to-peer lending platform companies repeated their complaints to the Knesset Reform Committee about the banks impeding their operations.

12/12/2017 11:58 Financial services Irit Avissar
Restrictive Saturday trading bill passes first reading

Under the "grocers bill", local authority bylaws on Saturday opening for stores will require the interior minister's consent. 

12/12/2017 10:34 Economy Tal Schneider
Alony Hetz raising $375m for US unit Carr

Besides leading the investment by Carr Properties Corporation's own shareholders, Alony Hetz is in talks with Clal Insurance on an investment of $300 million.

12/12/2017 09:52 Real estate Aviv Levy

11 December 2017

Givatayim urban renewal project approved

914 housing units will be replaced by 2,600 homes and public facilities.

11/12/2017 20:05 Real estate Ori Chudy
Palestinian startup incubator gains momentum

Bashar Masri is bringing international companies to Rawabi to tell Palestinian entrepreneurs about the market needs and conditions.

11/12/2017 19:54 Start ups Tal Schneider
Israel Chemicals completes sale of IDE

The buyers include Clal Insurance, the advanced training fund of the Teachers Union, and IDE president and CEO Avshalom Felber.

11/12/2017 19:52 Market Kobi Yeshayahou
Cloud solutions co AllCloud raises $3m

The Israeli company's customers include Amazon, Salesforce, and Google.

11/12/2017 19:08 Start ups Dor Zach
Solar panel cleaning co Ecoppia raises $13m

Investors include Harel Insurance, Swarth, GlenRock Capital, and Gandyr.

Shell co Fantasy Network soars on blockchain announcement

The company sold off its gaming activity in October.

11/12/2017 18:37 Market Roy Katsiri
Lear buys Israeli precise GPS co EXO

The Tel Aviv company has developed GPS technology providing high-accuracy solutions for autonomous and connected vehicle applications.

Exclusive: Teva to fire 500 managers in Israel

"Globes" has learned about Teva's streamlining plan, which includes 250 layoffs in the Migada Kiryat Shmona plant, which will be closed.

11/12/2017 17:00 Healthcare Yuval Azulai
Music streamer Deezer launches in Israel

Following the acquisition of Shazam by Apple, Deezer also launched its song recognition feature, "Song Catcher", three months before planned.

Kahlon cuts NIS 800m from purchase tax, customs duties

The cuts affect electrical goods, electronics, lighting, textiles, personal care, toys, and video games.

Indian, Greek cos awarded Israel exploration licenses

Energean and a consortium of Indian government energy companies were the only bidders for the latest round of offshore licenses.

11/12/2017 15:08 Energy Sonia Gorodeisky
Brainsway raises $8.5m

The company awaits a response from the FDA to an application to approve its product for use in treating obsessive compulsive disorder.

11/12/2017 15:05 Healthcare Gali Weinreb
Brainsway negotiating $8-10m financing round

The medical startup is seeking to raise money from Phoenix and IBI at NIS 15 a share.

11/12/2017 14:19 Healthcare Gali Weinreb
BoI research chief warns against tax cuts

Bank of Israel Research Department director Michel Strawczynski says cuts will make it harder to meet deficit targets in future years.

11/12/2017 10:00 Economy Amiram Barkat
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