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22 October 2017

Chaim Katzman Canadian fund sells 2.5% Gazit-Globe stake

The Gazit-Globe share price has fallen 4% in the past year and 16% in the past three years.

22/10/2017 18:51 Real estate Aviv Levy
cyber security Israeli cyber security co Intezer raises $8m

By replicating the concepts of the biological immune system to cyber security, Tel Aviv-based Intezer provides enterprises with unparalleled detection against advanced threats.

Teva Photo: Tamar Matsafi Teva allegedly paid Canadian pharmacies to buy its drugs - report

The "Toronto Star" gave its findings to the Ontario provincial government, which has begun an investigation.

22/10/2017 17:57 Healthcare Shiri Habib-Valdhorn
Israel navy submarine Photo: PR Exclusive: Germany approves Israel's submarines to thwart Greens

German Chancellor Angela Merkel is in talks to bring the Greens into her coalition and wants to pre-empt opposition, "Globes" has found.

Bezeq Bezeq fined NIS 11.3m for impeding competition

An audit of Bezeq two years ago revealed that the company was impeding landline telephony reform.

22/10/2017 15:10 Legal Michal Raz-Chaimovich
New homes Photo: Tamar Matsafi New home sales firm in August

Contractors sold 2,129 homes in August, compared with 2,137 in July.

22/10/2017 14:52 Real estate Ori Chudy
Robot Photo: Shutterstock Israeli co RoboTiCan develops rescue robot for disasters

The Rooster robot helps scan large areas quickly for survivors at no risk to the rescuers.

22/10/2017 14:17 Start ups Eitan Baigel
Startup Tel Aviv sets up startup accelerator with IDF 8200 unit

The venture, which will focus on urban entrepreneurship, will be located in the Neve Sha'anan neighborhood.

22/10/2017 14:16 Start ups Idan Rabi
Karnit Flug Bank of Israel cuts growth forecast

Bank of Israel Governor Karnit Flug has also dampened rate hike expectations in 2018 by stressing lower than expected inflation.

22/10/2017 13:18 Economy Globes correspondent
Ilan Shiloah, Yonatan Ben Artzi, Nir Serlovsky Photo: PR Israeli startups looking longer term, not for swift exits

A study by funds The Time and First Time shows how entrepreneurs are aiming at long-term development.

22/10/2017 12:52 Start ups Gad Perez
Israel Electric Corp Israel Electric Corp raises NIS 3b in bonds

The purpose of the bond issue was to refinance the company's debt.

22/10/2017 12:18 Energy Sonia Gorodeisky
Dan Link Hotel & Hub Dan chain to open new Tel Aviv hotel

The LINK Hotel & Hub is designed to appeal to young businesspeople and tourists.

Yuval Bronstein photo: Tamar Matsafi Yuval Bronstein steps down as Azrieli Group CEO

Bronstein, who was in the post five years, is succeeded by Eyal Henkin, CEO of Azrieli Group unit Supergas.

22/10/2017 11:31 Real estate Nitzan Cohen
Tnuva  picture: Tamar Mitzpi Tnuva to pay NIS 25m penalty for antitrust offences

Under a settlement with the Antitrust Authority, food company Tnuva admits manipulating retail prices.

22/10/2017 09:58 Basic industries Shany Moses

20 October 2017

Intel Capital invests in two Israeli cybersecurity startups

Alcide helps companies secure data center and hybrid clouds. Intezer provides threat protection and incident response.

Israeli fintech co PayKey raises $10m

The company has developed a smartphone keyboard that lets bank customers access financial services without logging onto a banking app.

20/10/2017 15:56 Start ups Globes correspondent

19 October 2017

Bill would ban investigations of serving prime minister

The ministerial legislative committee will consider this and a proposal to return Jewish settlers to areas evacuated in 2005.

19/10/2017 19:22 Politics Tal Schneider
FDA approves new cancer treatment with Israeli pedigree

Gilead Sciences unit Kite Pharma's Yescarta is engineered from the patient's own T cells.

19/10/2017 18:57 Healthcare Gali Weinreb
Treasury fears collapse of defense spending accord

The Minister of Defense is now demanding a NIS 4 billion budget supplement to deal with the Iranian threat.

19/10/2017 18:43 Economy Amiram Barkat
Antitrust Authority probing Elbit Systems bid for IMI

Fears have been raised about the effect of an acquisition of Israel Military Industries by Elbit Systems on other Israeli defense companies and IDF procurement.

BoI keeps interest rate unchanged

The Bank of Israel Monetary Committee explains its decision by Israel's very low inflation rate.

19/10/2017 16:25 Economy Globes correspondent
Teva in talks on new Petah Tikva HQ

Teva appears to have chosen a site owned by Vitania and Carasso in preference to Azrieli's site.

19/10/2017 16:24 Healthcare Shai Shalev
FIMI in advanced talks to buy IAI's ImageSat

FIMI will inject $40 million into the Israeli satellite photography company for a 55% stake.

19/10/2017 15:54 Aerospace & defense Omri Cohen
Chemo Group invests in OCON Medical

The Israeli company has developed the IUB, a proprietary intrauterine platform made of a super-elastic alloy.

19/10/2017 15:32 Healthcare Globes correspondent
Leumi seeks buyer for NIS 3b Leumicard

Senior Leumi Partners executives have begun meetings with private equity funds.

19/10/2017 14:28 Financial services Nitzan Cohen
Eli Lahav buys 3 floors in Ramat Gan City Tower

The floors will be operated as event halls by Hadar Hapodim.

19/10/2017 13:16 Real estate Shiri Dover
Kahlon promises incentives for army reservists

Tax credits for employed reservists and assistance for business owners and self-employed reservists are being considered.

19/10/2017 12:51 Economy Amiram Barkat
Menorah Mivtachim to invest $60m in solar energy

The insurance group will invest jointly with the Canadian Solar company.

19/10/2017 12:32 Energy Ron Stein
Work to shut down trains north of Tel Aviv for 5 days

The line between the Binyamina and Tel Aviv University stations will be closed from October 31 to November 5.

Shekel weaker against dollar ahead of rate call

The Bank of Israel is not expected to raise the interest rate until annual inflation moves towards 1%.

19/10/2017 10:21 Market Globes correspondent
DowDuPont launches expanded Israel operations

The giant US corporation is hiring staff for its new Israeli office.

18 October 2017

Teva seeks FDA marketing nod for potential blockbuster

Citigroup estimates that sales of migraine treatment Fremanezumab, which might be launched next year, could reach $2 billion annually.

18/10/2017 18:49 Healthcare Shiri Habib-Valdhorn
Israeli startup facilitates intra-building navigation

Galileo Satellite Navigation CEO: Our software will make products dramatically cheaper.

18/10/2017 17:51 Start ups Idan Rabi
JVP teams with Tesco Labs, Barclays, Microsoft and Deloitte

JVP Play will redefine the rules of the game between startups, customers, partners, and investors by addressing real market needs.

18/10/2017 17:40 Start ups Globes correspondent
Radcom to raise $30m on Nasdaq

Radcom provides solutions for monitoring and testing traffic on communications networks.

18/10/2017 17:01 IT Shiri Habib-Valdhorn
Meretz chair Zehava Galon quits Knesset

Galon who has been an MK since 1999 will remain party chairperson.

18/10/2017 16:53 Politics Tal Schneider
Seed breeding co Equinom raises $4m from Fortissimo

The Israeli company's advanced breeding technology is based on proprietary algorithms and calculation methods developed by Equinom.

Protalix Biotherapeutics signs deal worth up to $370m

Chiesi Farmaceutici will pay $25 million upfront and milestone development payments and royalties ranging from 15% to 35% on sales of the Israeli company's Fabry disease treatment.

18/10/2017 15:33 Healthcare, biotech Moshe Manor
Fattal opens boutique hotel in Jerusalem

The Leonardo Boutique Jerusalem hotel in Hanevi'im Street has 74 rooms.

Frutarom buys Thai flavors co Mighty

This is the Israeli flavors company's eighth acquisition in 2017 and 27th acquisition since 2015.

18/10/2017 13:56 Market Globes correspondent
CEVA teams with LG on smart 3D cameras

CEVA and LG have developed a high-performance, low-cost smart 3D camera solution for consumer electronics and robotic applications.

18/10/2017 12:02 IT Globes correspondent
Gov't mulls solution to Road 1 Latrun jam

Netivei Israel is considering converting the hard shoulder between Latrun and Sha'ar Hagai on the Tel Aviv - Jerusalem highway into a third lane.

IAI loses out to Raytheon on Indian ISTAR deal

Israel Aerospace's ELTA unit had been one of the favorites to win the $1 billion intelligence, surveillance, target acquisition, and reconnaissance aircraft contract.

17 October 2017

Israelis hold 2.5% of foreign assets in Switzerland

A recent study by the US National Bureau of Economic Research (NBER) mapped the use of tax shelters by residents of various countries.

17/10/2017 18:44 Financial services Irit Avissar
AudioCodes signs British Telecom deal

The Israeli company will provide solutions for connectivity between IP networks.

17/10/2017 18:31 IT Shiri Habib-Valdhorn
BGN launches autonomous underwater vehicle

Developed at Ben Gurion University's Laboratory for Autonomous Robotics, HydroCamel II will assist the military, security, oil and gas sectors.

17/10/2017 18:06 IT Globes correspondent
Premature ejaculation treatment co Virility raises NIS 3m

The Israeli company has developed an electrical stimulation patch for treating premature ejaculation, which is operated by a smartphone app.

17/10/2017 17:43 Healthcare Gali Weinreb
Fintech co BlueVine raises $130m

The Israeli company, which provides online loans to small and medium-sized businesses, has raised the debt financing from banks and investors.

17/10/2017 15:00 Start ups Globes correspondent
IAI sets up Korean JV for vertical takeoff drones

Israel Aerospace is establishing a joint venture with Hankuk Carbon to develop vertical takeoff UAVs.

Shekel weakens as rate moves above NIS 3.50/$

After gaining ground due to the unexpected September CPI reading, the Israeli currency is slipping today.

17/10/2017 12:14 Market Globes correspondent
CollPlant moves ahead on printing human organs

The company has announced a six-month agreement with "a leading medical instruments company" to develop a prototype biological implant.

17/10/2017 09:38 Healthcare Gali Weinreb

16 October 2017

More disruptions at Ben Gurion Airport

After this morning's wildcat strike by temporary workers, a personnel shortage at QAS, which provides ground services to airlines, delayed flights this evening.

16/10/2017 19:27 Tourism Michal Raz-Chaimovich
Coca Cola fails to dissuade Israel Tax Authority on huge debt

The Tax Authority's disputed assessment for Coca Cola amounts to hundreds of millions of shekels.

16/10/2017 19:23 Legal Ela Levi-Weinrib
Lebanon awards exploration license bordering Israeli waters

Israel and Lebanon are in dispute over the line between their exclusive economic zones.

Salinger to require responsible investments disclosure

Social Finance CEO: This is a revolutionary measure that will change the situation in Israel.

16/10/2017 17:38 Financial services Ron Stein
Intel Israel setting up AI center

The new artificial intelligence center is hiring dozens of employees to work at Intel's Ra'anana and Haifa campuses.

16/10/2017 17:34 IT Yuval Azulai
Samsung Galaxy Note 8 boosts Suny

The company today reported the sale of 18,000 devices for NIS 55 million in less than a month.

16/10/2017 17:11 Market Kobi Yeshayahou
Knesset to discuss binary options bill next week

The bill outlawing binary options trading by Israeli companies will have its second and third readings next week.

16/10/2017 16:26 Legal Tal Schneider
UN warns Bezeq on settlements

The UN letter lists 40 infrastructure installations maintained by Bezeq in Judea, Samaria, the Golan Heights, and East Jerusalem.

16/10/2017 15:57 Politics Tal Schneider
Israel's housing market continues to cool

Only 8,300 housing units were sold in August, one of the lowest figures in the past decade, the Ministry of Finance reports.

16/10/2017 15:55 Real estate Ori Chudy
"Teva unlikely to remain priced below Mylan"

As Teva's share price plunges to a 15-year low, Leader Capital Markets analyst Sabina Levy provides some perspective.

16/10/2017 13:18 Healthcare Shiri Habib-Valdhorn
Hong Kong-based fund holds 14% of Telit

Run Liang Tai took advantage of the drop in the share price to increase its holdings.

16/10/2017 12:18 IT Shiri Habib-Valdhorn
Two senior IDF officers among suspects in new graft affair

Israel Police arrested twelve people this morning in connection with alleged fraud in the supply of services to IDF bases.  

16/10/2017 11:56 Legal Ela Levi-Weinrib
Meitav Dash buys Bank of Jerusalem brokerage portfolio

The bank is retaining a Tel Aviv Stock Exchange member.

Israel improves slightly in global bribery-risk ranking

Israel is in 32nd place in the current TRACE International Bribery Risk Matrix, which is topped by Sweden.

16/10/2017 10:19 Economy Ran Dagoni, Washington
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