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One Zero CEO Gal Bar Dea credit: Cadya Levy One Zero CEO: Banks should promote economic welfare

Gal Bar Dea told the Globes Tech IL Conference that a bank's role is not only to look after customers' money but also to promote their economic welfare.

Yevgeny Dibrov and Nadir Izrael Photo: PR Armis Security buys Israeli co Silk Security for $150m

Silk Security has developed a platform that allows data security managers to identify a range of vulnerabilities and repair them.

Richard Francis  credit: PR Teva CEO Francis becomes highest paid TASE co exec

Richard Francis's compensation cost $25.7 million in 2023, although that includes incentives for him to join the company.

KPMG's Ilanit Adesman and Ofer Golan credit: Tamar Matsafi and Cadya Levy Private cos challenge central banks on digital currencies

At the Globes Tech IL Conference, KPMG Israel senior executives provided insights into the dramatic race to provide digital currencies.

Entitle founders Ron Nissim and Avi Zetser credit: Dima Kremenitsky BeyondTrust buys Israeli access security co Entitle for $150m

Tel Aviv-based Entitle has developed a privilege management solution that discovers, manages, and automates just-in-time (JIT) access and identity governance.

Gil Shwed credit: Globes Gil Shwed: I'll focus on strategy and new products

In his first interview since announcing he is to step down as Check Point CEO, Shwed spoke about his future plans and 30 years at the helm of the Israeli cybersecurity giant.

Governor of the Bank of Israel Amir Yaron  credit: Yonatan Bloom Analysts turn pessimistic on interest rate cut prospects

The March CPI reading was higher than forecast, but that is not necessarily the main reason for estimating that an interest rate cut by the Bank of Israel is not imminent.

Shekels credit: Shutterstock Vladerina32 Shekel stronger in volatile trading

The Israeli currency appreciated strongly this morning but gave up much of the gains, after today's representative rate was set, on US reports that Israel might retaliate today for Iran's attack.

Yishai Davidi  credit: Yonatan Bloom FIMI sells Orbit Technologies shares to institutions

The sales, for a total of NIS 100 million, were chiefly to More Investment House and Meitav. Private equity firm FIMI remains the controlling shareholder.

Governor of the Bank of Israel Amir Yaron  credit: Yonatan Bloom Amir Yaron stresses stability amid security escalation

The Bank of Israel Governor tells "Globes" why the rate cut was postponed, and expresses concern about long-term defense spending and the need to integrate the haredi community into the army and job market.

Elbit Systems products  credit: Tali Bogdanovsky Iran boosts Israel's defense industry

Sigma CEO Yair Shani: Iran has done excellent sales promotion for Israel's defense companies.

Tel Aviv Stock Exchange credit: Shutterstock MagioreStock Stock market reacts calmly to Iranian attack

The main indices are down but not sharply falling, while Elbit Systems and other defense stocks are gaining.

Noname Security founders Oz Golan and Shay Levi  credit: Yossi Zeliger Akamai to buy Israeli API security co Noname - report

The reported $500  million acquisition price is below Noname Security's valuation in its last fund raising round.

Home loans   credit: Tali Bogdanovsky Mortgage loans back to pre-war level in March

The new home market is resurgent, but purchases of secondhand homes are stagnant, and mortgage loans are still below the multi-year average.

Rani Zim  credit: Eyal Izhar Rani Zim pulls NIS 250m deal in face of investors' anger

Zim had proposed that Group Psagot should buy his stake in Rani Zim Shopping Centers. He controls both companies.

Mia Dynamics defense platform credit: PR Mia Dynamics develops robot defense platform

The company is adapting its quad cycles and quad boards for remote control military use.

Shekel depreciates credit: Tali Bogdanovsky Shekel weakens amid Iran attack concerns

Prico: If an exceptional security incident does not happen and due to the consistent supply of foreign currency, the dollar will resume depreciating against the shekel.

Wall Street credit: Shutterstock Wall Street beckons new wave of Israeli tech IPOs

"Globes" examines some of the growth companies, which could start trading in the US from later this year.

Nadav Zafrir  credit: Shlomi Yosef Team8 records exits worth $1.1b in five months

Wiz has confirmed the $350 million acquisition of Gem Security, in which Team8 was one of the main investors.

Rafael Museri and Daniel Rudasevski credit: Inbal Marmari Selina market cap collapses from $1.2b to $12m

The Israeli hospitality company's negative momentum is continuing this week with the share price down 27% to a new low of $0.04.

Bank of Israel  credit: Orit Deal BoI will probably cut rate next time say analysts

Mizrahi Tefahot Bank chief strategist Yonie Fanning: Basic economic conditions are conducive to lower rates.

Deflated unicorn credit: Shutterstock Big Tech 50 reveals sharp falls in Israeli startup valuations

The Israeli R&D partnership has reported to the TASE that 10 of the 14 startups in which it has invested have seen their valuations decline.

Perion CEO Tal Jacobson credit: Ohad Dayan Perion plunges on Microsoft Bing search engine changes

The Israeli company has cut its annual guidance due to a drop in income from search advertising because of changes in pricing made by Microsoft's Bing search engine.

Lior Raviv credit: Lauran Talo Isrotel hotels provide safe haven for evacuees

Isrotel CEO Lior Raviv tells "Globes" how Israel's most luxurious hotel became a kibbutz after October 7 but is open again for business this month.

ZOOZ Power CEO Boaz Weizer  credit: PR ZOOZ Power completes SPAC merger

The company is a developer of fast charging solutions for electric vehicles.

Sapiens CEO Roni Al-Dor  credit: Eyal Izhar Insurance software co Sapiens mulls sale

According to Reuters, the company, which has a $1.8 billion market cap, has hired William Blair to find a buyer.

Amikam Ben Zvi credit: El Al Spokesperson El Al chairman pessimistic on lower airfares

Amikam Ben Zvi tells "Globes" that limited operations by foreign airlines in Israel means demand for seats is high and supply is low.

Thu: TASE ends week sharply lower

The banks and ICL led the TASE down today as NICE Systems bucked the market.

Competition Authority to examine El Al's high fares

El Al: We believe the examination will show that the company has behaved fairly and properly.

Shekels credit: Shutterstock Vladerina32 Shekel continues to weaken sharply

Prico: Concerns about an escalation on the Syrian front and estimates that the budget deficit might rise above 8% and endanger Israel's credit rating have dragged the shekel-dollar exchange rate above NIS 3.70/$.

Shekel depreciates credit: Tali Bogdanovsky Shekel depreciates sharply, jeopardizing rate cut

The strengthening dollar worldwide, regional tensions and reports that Israel will exceed its fiscal deficit target are all weakening the shekel.

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