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23 May 2018

Yoav Leitersdorf Photo: Einat Levron Network and security systems co indeni raises $14m

Indeni CEO: Our dream is to make running network and security systems easier. After all, we all rely on them.

Omri Boral Photo: Reuven Kapuchinsky Yakhin to invest $1m in agritech startups

The Impact incubator jointly run by Yakhin and Tech for Good is aimed at promoting sustainable agriculture.

23/05/2018 17:59 Start ups Yasmin Yablonko
Irv Stein Photo: Paul Orlive Jabil opens Israel optics innovation center

Among other things, the Center will create automotive products and solutions including advanced driver-assistance components, DMS systems, head-up display units and LiDAR systems.

23/05/2018 17:26 IT Globes correspondent
Teva Photo: ASAP Creative Shutterstock FDA to respond to Teva migraine drug application in Sep

Migraine treatment fremanezumab is one of the main branded drugs on which Teva is banking on in the coming years.

23/05/2018 16:40 Healthcare Gali Weinreb
Herzliya Marina Hotel Photo: View Point More foreign tourists, fewer Israelis staying in hotels

Overnights by foreign tourists were up 23% in April, while overnights by Israelis were down 7%.

Yitzhak Tshuva  photo: Gil Yohanan Delek Royalties issues $113m bond

The company, set up to absorb royalties from the Tamar gas field, also plans to issue shares at a NIS 700 million company value.

23/05/2018 15:44 Energy Kobi Yeshayahou
Shekel-dollar ASAP Creative Shekel loses ground against dollar

The dollar is strengthening on world markets against all the world's major currencies except the Japanese yen.

23/05/2018 14:46 Market
San Francisco El Al delays launch of Tel Aviv - San Francisco flights

The Israeli carrier will now inaugurate the new route in May 2019 after speeding up its program of taking older aircraft out of service.

Gideon Wertheizer picture: Tamar Matzapi Ceva expands repurchase program to 1m shares

Ceva CEO: The board's decision to expand the stock repurchase program reflects their belief in the long-term strategy and growth potential of the company.

23/05/2018 11:56 IT Globes correspondent
Harel Wiesel photo; Eyal Izhar Fox in talks to open TA Gindi mall Anthropologie store

The branch will replace a branch of US fashion chain Forever 21.

23/05/2018 10:50 Retailing Shany Moses
Tal Levy Photo: Eyal Fisher Ferring invests $15m in Israeli unit Bio-Technology General

New technologies and production lines at BTG Israel plant will support the development of new treatments in reproductive medicine and women’s health.

23/05/2018 10:23 Healthcare Globes correspondent
GameFly's Israel team Photo: PR Electronic Arts buys GameFly's Israel unit

The Caesarea office and its team of 50 will become gaming giant EA's Israel development center.

22 May 2018

Nanosatellite co SAS jumps on successful trial

The company reported that it was in talks with Globalsat for commercial use of its satellites in the Western Hemisphere.

Antitrust Authority to nix Mizrahi-Union Bank merger

The parties will be summoned to a hearing before the final decision is announced.

22/05/2018 18:43 Financial services Irit Avissar
Tnuport owners in talks to buy Beit Eurocom

Keidan Dahari and Yaron Adiv, who have also expressed interest in acquiring Bezeq, are likely to buy 55% of the building from Israel Discount Bank for NIS 65 million.

22/05/2018 18:07 Real estate Irit Avissar
AI business loan co Lending Express raises $2.7m

The Israeli company's technology matches businesses with the most relevant lenders and provides a fast, simple funding solution at no cost.

22/05/2018 16:52 Start ups Tal Shahaf
BP invests $20m in Israeli fast-battery co StoreDot

The Herzliya-based company, which hopes to have a smartphone fast-battery charger on the market in 2019 is also developing a fast battery for cars.

22/05/2018 14:32 Start ups Dubi Ben Gedalyahu
Shekel extends gains over dollar

Even at a five month high against the world's other major currencies, the dollar has been unable to keep the shekel-dollar rate above NIS 3.60/$.

22/05/2018 14:01 Market Globes correspondent
TASE chief: Hapoalim using NGOs to influence Knesset

Tel Aviv Stock Exchange CEO Ittai Ben-Zeev and Bank Hapoalim have clashed over the sale of the Israeli stock exchange.

22/05/2018 13:43 Financial services Ron Stein
Israeli antitrust law overhaul passes Knesset first reading

The amendment to the Restrictive Trade Practices Law is meant to cut regulation and focus the Antitrust Authority's activity on maintaining competition.

22/05/2018 12:10 Economy Globes correspondent
Volkswagen opens Tel Aviv innovation center

Konnect will promote the development of autonomous vehicle solutions and provide Israeli startups with access to the VW group.

Volkswagen UK showroom owner raises 311m in Tel Aviv

The company, Chamoss, has several prominent Israeli businesspeople among its shareholders.

22/05/2018 10:46 Real estate Omri Cohen

21 May 2018

Israeli telcos ordered to cut call center waiting

The Ministry of Communications believes that phone companies' service representatives should not keep callers waiting longer than six minutes.

21/05/2018 19:57 Market Michal Raz-Chaimovich
Court casts doubt on Cofix's ability to pay debts

With Rami Levy set to take control of the cafe chain, a Tel Aviv district court case has revealed major problems at the company.

21/05/2018 19:51 Retailing Shany Moses
State to provide deposit insurance solution for new banks

The Finance Ministry opposes deposit insurance, but has reached a compromise with the Bank of Israel for new banks.

21/05/2018 18:44 Financial services Irit Avissar
Fattal sells Munich hotel for 157m

The price was €25 million higher than the hotel's book value and the company has leased back the hotel for 30 years.

21/05/2018 18:41 Tourism Kobi Yeshayahou
Electric vehicle charging co Chakratec raises $4m

The latest financing round will allow the Israeli company to conduct its first three pilot projects in Europe with three of Europe's leading utilities.

Ethiopian Airlines offers $500 Israel-India roundtrip fares

The flights, including a 90-minute stopover in Addis Ababa, will take 13-14 hours.

Recommendation against indemnity for test hits Opko

The company's share price dropped 18% in trading on Nasdaq and TASE after Novitas recommended against Medicare reimbursement for the prostate cancer test.

21/05/2018 16:25 Healthcare Gali Weinreb
Apartments sold and rented

A selection of recent real estate deals including in Tel Aviv, Ra'anana, Lod, Arad and Hatzor Haglilit.

21/05/2018 15:41 Real estate Ori Chudy
Smart baby sleep monitor co Nanit raises $14m

Nanit uses computer vision technology to help parents with their baby’s sleep development.

21/05/2018 15:00 Start ups Globes correspondent
NYSE warns Ormat

On top of its other problems, Ormat Technologies is in breach of the New York Stock Exchange's conditions for listing.

21/05/2018 13:40 Energy Shiri Habib-Valdhorn
Marius Nacht, Uzi Yemin plan digital bank

Nacht and Yemin are in talks with the Bank of Israel on the venture, but face several regulatory obstacles.

21/05/2018 12:59 Financial services Irit Avissar
Aeronautics to cooperate with Romania's Romaero

Aeronautics participated in the "Black Sea Defense & Aerospace 2018" exhibition in Bucharest last week.

Teva on FDA name and shame list

The US Food and Drug Administration has published a list of pharma companies that "game the system" to block generic competition.

21/05/2018 10:58 Healthcare Gali Weinreb

17 May 2018

Social trading platform eToro expanding to US

The company is opening a waiting list for US investors who wish to trade in crytpocurrencies via its platform.

17/05/2018 20:21 Financial services Roy Katsiri
Mellanox raises guidance

Mellanox now projects second quarter revenue of $260- 270 million, up from $255-265 million projected a month ago.

17/05/2018 16:53 IT Shiri Habib-Valdhorn
New homes sales down 4.4% in Q1 2018

The decrease in new homes sales was particularly steep in Jerusalem, the Central Bureau of Statistics reports.

17/05/2018 15:19 Real estate Ori Chudy
TASE sets up blockchain securities lending platform

The Tel Aviv Stock Exchange is collaborating with Accenture, The Floor and Intel to establish a securities lending platform.

17/05/2018 15:10 Market Globes correspondent
Mobileye to supply systems for 8m cars to European co

Mobileye CEO Amnon Shashua told "Reuters" that he expects self-driving taxis to be on the roads by 2021.

17/05/2018 13:54 IT Dubi Ben Gedalyahu
Bank Otsar Hahayal sells Ramat Gan headquarters

The bank will post a profit of tens of millions of shekels on the NIS 82 million deal.

17/05/2018 11:40 Financial services Irit Avissar
Shekel gains on positive growth data

The shekel is looking robust with Israel's economy growing at over 4% for the third consecutive quarter.

17/05/2018 11:06 Market Globes correspondent
Discount Bank resumes dividend distribution after 20 years

The bank reported a 5% rise in profit in the first quarter of 2018 to NIS 319 million.

17/05/2018 10:10 Financial services Irit Avissar
Collective agreement reached on electricity reform

The IEC, Histadrut and Ministry of Finance have agreed terms for opening up Israel's electricity sector to private competition.

16 May 2018

Electra Consumer Products mulls listing Golan Telecom

Electra Consumer wants to distribute Golan Telecom shares to its shareholders.

QualiTest buys US co Orasi software testing activity

The price of the deal is estimated at NIS 35 million.

Vector Capital invests $50m in Israeli cybersecurity co KELA

Tel Aviv based KELA provides advanced cyber intelligence software and solutions to enterprises and governmental agencies around the world.

Merchavia invests in digital therapeutics co RMDY

RMDY deals with a constantly changing patient management market by reinventing itself.

16/05/2018 15:43 Healthcare Gali Weinreb
Israel's economy grew at 4.2% in Q1 2018

This latest growth follows 4.4% growth on an annualized basis in the fourth quarter of 2017, the Central Bureau of Statistics reports.

16/05/2018 14:24 Economy Amiram Barkat
Israeli genomic analysis co Genoox raises $6m

The startup strives to make it easier for doctors, clinicians and researchers to analyze and act on genetic sequencing results by applying various clinical applications.

16/05/2018 13:32 Healthcare Globes correspondent
Shekel strengthens as inflation climbs

The likelihood of an interest rate hike in the final quarter of 2018 is growing as inflation in Israel approaches the 1%-3% target range.

16/05/2018 12:25 Market Globes correspondent
Credit Suisse to raise $250m for Nacht's aMoon Fund

aMoon's $500 million second fund will be Israel's largest-ever life science venture capital fund.

16/05/2018 11:26 Healthcare Gali Weinreb
Israeli sports engagement co Quarterback raises $2.5m

Quarterback CEO: Our platform allows the influencer to directly engage with their fans to create increased community involvement.

Israeli capital market veteran Itschak Shrem arrested

Shrem, one of three people arrested on suspicions of money laundering, aggravated fraud and securities offenses, denies any wrongdoing.

16/05/2018 07:53 Legal Chen Ma'anit
Buffett's Berkshire Hathaway doubles Teva stake

Teva's share price jumped in after-market trading after it was revealed that Berkshire Hathaway now has a 3.45% holding in Teva.

16/05/2018 06:55 Healthcare Ira Kraus

15 May 2018

Dropbox to double workforce at Israel development center

Dropbox senior VP Quentin Clark was speaking at the inauguration of the company's new offices in Tel Aviv's Azrieli Sarona tower.

15/05/2018 19:26 IT Uri Berkovitz
Home prices continue falling, April CPI up 0.4%

Home prices are now down over the past 12 months while inflation is rising, the Central Bureau of Statistics reports.

Dimri sells 3 Nahlat Binyamin buildings for NIS 142m

Dimri acquired the Tel Aviv site eight years ago from Nicolas Berggruen.

15/05/2018 16:43 Real estate Shlomit Tsur
Israeli AI neuro-disorders co BrainQ raises $8.8m

The Jerusalem-based digital therapeutics company will use the funding to further develop its non-invasive, BCI-based simulation device towards commercialization activities in various markets.

Israeli sports media platform co Minute Media raises $17m

Minute Media has created a digital publishing platform that empowers sports fans to create, publish and distribute thousands of pieces of content each day around the world.

Nasdaq exec: 5 Israeli cos set for IPOs

Six Israeli companies were newly listed on Nasdaq in 2017, three of which held IPOs.

15/05/2018 15:07 Market Shiri Habib-Valdhorn
Amazon sets up Israeli subsidiary, charges VAT

From July 1, Amazon cloud computing services will start billing its customers in Europe, Africa, and the Middle East, including Israel, for VAT.

Pitango appoints Guy Ezekiel as general partner

He joins the healthcare team alongside managing general partner Ittai Harel.

15/05/2018 13:34 Start ups
Intel submits plan for $5b Kiryat Gat expansion

Intel today submitted a business plan to the Ministry of Economy and Industry for expanding its fab in Kiryat Gat .

15/05/2018 13:11 IT Yuval Azulai
Gaza bloodshed weighs on shekel

Prico sees the potential for the shekel to weaken as very limited.

15/05/2018 11:58 Market Globes correspondent
Amazon leases 3,000-sq.m. office in Haifa's MATAM Park

200 engineers are being hired for the center, which will move into a 12,000-sq.m. building next year. Amazon is leasing 60,000-sq.m. in Israel.

15/05/2018 11:03 Real estate Yasmin Yablonko

14 May 2018

US Embassy in Jerusalem inaugurated

Prime Minister Netanyahu: Historic days. Meanwhile 52 Palestinians are reported killed in demonstrations along the Gaza Strip border fence.

14/05/2018 19:08 Politics Tal Schneider
HSBC sets up China trade desk in Israel

HSBC has announced that it has set up a China Desk in Israel to encourage trade and investment flows between China and Israel.

Kahlon, Mnuchin pledge cooperation on terror finance

The two finance ministers met in Moshe Kahlon's Jerusalem office ahead of the opening of the new US Embassy.

14/05/2018 16:45 Economy Tal Schneider
TASE and Singapore Exchange to jointly promote tech listings

The two exchanges will pro-actively engage with technology companies seeking to penetrate Asian markets, to list on both exchanges.

14/05/2018 16:20 Market Globes correspondent
MediWound mulls offers for wound treatment product

The Israeli company reported that it has hired Moelis & Company investment bank, which specializes in mergers and acquisitions, to assist with negotiations.

Ashdod Port workers seek to renew strike

The workers are asking the Histadrut to call a legal strike and restore their "democratic right".

Boeing teams with Israeli co Assembrix on secure 3D printing

Assembrix’s software will enable Boeing to transmit additive manufacturing design information using secure distribution methods to protect data from being intercepted.

US Jerusalem embassy opening starts long process

50 embassy staff will initially transfer from Tel Aviv to Jerusalem, in a move that for the present is largely symbolic.

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