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14 December 2017

Kare Schultz Photo: PR 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
Kare Schultz Photo: PR 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
dollars  picture: Thinkstock 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
David Koch  photo: Carl Allegri, Reuters 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 Photo: Reuters 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
Avi Gabbay Photo: Knesset spokesman 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 Post online trade parcels center  photo: PR 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  picture: Eyal Yitzhar 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 Carmel Tunnels toll cut

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

Histadrut Photo: Shlomi Yosef 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

10 December 2017

Ben Gurion passenger traffic boosted by Ryanair

Passenger traffic totaled 18.8 million in January-November, 16% more than in the corresponding period last year.

easyJet to launch Tel Aviv - Berlin Tegel route

Following the bankruptcy of Air Berlin, EasyJet is introducing a daily flight between Tel Aviv and Berlin's Tegel airport.

10/12/2017 18:42 Tourism walla!
Israel's foreign exchange reserves hit record $112b

The foreign exchange reserves rose in November even though the Bank of Israel purchased no foreign currency.

10/12/2017 18:19 Economy Globes correspondent
Agtech co Roots raises A$5m in Australian IPO

The company developed an energy-saving system for heating and cooling crop roots.

Banker sells Ramat Hasharon home for NIS 22m

Dan Tahori has sold the 650-square meter house, which is located on a 1,000 square meter lot.

US won't put Jerusalem, Israel in passports

"There has been no change in our policy with regard to consular practice or passport issuance at this time," said a senior US State Department official.

10/12/2017 15:59 Politics Ran Dagoni, Washington
Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Ramat Gan, Givatayim, Modi'in, Lod, Kryat Motzkin and Karmiel.

10/12/2017 15:13 Real estate Ori Chudy
Gov't offices resisting move to Jerusalem

Only nine of 140 government units in Tel Aviv had moved to Jerusalem as of July 2017.

10/12/2017 13:29 Politics Tal Schneider
Palestinians keep protests within bounds

Despite some fiery rhetoric, Palestinian demonstrations against Trump's declaration on Jerusalem have been nowhere near the scale of the two intifadas.

10/12/2017 12:57 Politics Walla! News
Teva mulls 10,000 layoffs - report

The planned cuts would save Teva $1.5-2 billion within two years, reports "Bloomberg."

10/12/2017 12:56 Healthcare Nitzan Cohen
Gilead Sciences acquires CDL for $567m

Cell Design Labs was sponsored by Arie Belldegrun, founder of Kite Pharma, which Gilead acquired for $12 billion.

10/12/2017 12:08 Healthcare Gali Weinreb
Corruption protest again fills Tel Aviv's Rothschild Blvd

Protest leader Eldad Yaniv: We want a new contract - no more politicians taking bribes; we'll keep coming every Saturday night.

07 December 2017

Electricity rates to fall 2.3% in January

The cut is less than the Electricity Authority projected in August.

07/12/2017 20:29 Economy Shany Moses
Mellanox sees improved operating profit in 2018

The company expects to reignite growth, with Ethernet switches leading the way.

07/12/2017 20:09 IT Shiri Habib-Valdhorn
Blockchain merger to make Natural Resource NIS 2b co

The share price of Roy Sebag's company has risen by over 3,000% since it announced its entry into the digital currency sector.

07/12/2017 19:24 Financial services Roy Katsiri
Bank mergers bill raises storm

The bill requires approval for bank mergers from the Ministers of Finance and Economy and Industry.

07/12/2017 17:49 Financial services Irit Avissar
Nacht, Harel Insurance invest in personalized cancer treatment

Ayala Pharmaceuticals has bought a license from BMS to develop the treatment.

07/12/2017 17:08 Healthcare Gali Weinreb
Verint falls in late trading after reiterating guidance

Verint's revenue grew 8% to $281 million in the third quarter, and its profit also rose.

07/12/2017 15:19 IT Shiri Habib-Valdhorn
Tedea, Oudi Recanati sell Noga Engineering for $34m

Tedea will post an $11 million capital gain on the sale of the company it acquired five years ago.

RedHill makes cutbacks, gives up migraine product

 RedHill Biopharma's expenses rose after it built a marketing network for two acquired products.

07/12/2017 12:51 Healthcare Gali Weinreb
3 Israeli cos buying gas from Karish, Tanin reservoirs

Israel Chemicals, Oil Refineries, and OPC will buy 39 BCM over 15 years.

07/12/2017 12:13 Energy Sonia Gorodeisky
Israel Chemicals sells product lines for $1b

The company's revenue from the activity being sold totaled $245 million in 2016.

Czech Republic follows Trump's lead on Jerusalem

The Czech Republic has announced that it "recognizes Jerusalem to be in fact the capital of Israel in the borders of the demarcation line from 1967."

07/12/2017 11:38 Politics Globes correspondent
Israel Air Force F-35 stealth fighters operational

9 of the aircraft, known in Israel as the Adir, have been delivered, with 41 more to come.

Bezeq offered NIS 550m for Mesubim land

Bezeq is planning to move its offices to the site in a sale and lease back deal.

07/12/2017 09:15 Real estate Shai Shalev

06 December 2017

US embassy Tel Aviv land worth NIS 180m

If the US sells the land, construction on it will require a new building plan for rezoning.

06/12/2017 18:57 Real estate Shlomit Tsur
Sagi invests $3m in energy efficiency co SmartGreen

Teddy Sagi has already installed SmartGreen's platform in Camden Market.

06/12/2017 18:20 Start ups Nati Yefet
Israeli alumni software co Graduway raises $12.7m

With operations in Israel, the UK, and US, Graduway is trusted by over 500 education institutions and non-profits.

06/12/2017 18:13 Start ups Globes correspondent
Attunity raising $20m in Nasdaq offering

The Israeli software company's revenue grew 12.6% to $43.8 million in the first three quarters of 2017.

06/12/2017 18:05 IT Shiri Habib-Valdhorn
Elbit wins $74m IAF Hercules simulator deal

The contract over a 13-year period includes a set up phase of three years and a ten-year operating period.

Merrill Lynch sees weaker shekel in 2018

BofA Merrill Lynch also predicts growth of 3.2% in Israel in its Global Research Outlook for 2018.

06/12/2017 16:12 Economy Kobi Yeshayahou
Israel's poverty remains worst in OECD

Poverty has eased among the elderly and Arabs, reports the National Insurance Institute, but more accurate data about Bedouin has raised the number of poor.

06/12/2017 15:26 Economy Amiram Barkat
Viola closes $100m fintech fund

The fund, targeted to reach $120-150 million, is backed by Scotiabank, The Travelers Companies and Bank Hapoalim.

Israeli cybersecurity co Alcide raises $5.2m

Intel and Elron led the investment in the Tel Aviv based company, which will double its workforce from 20 to 40.

06/12/2017 14:00 Start ups Nati Yefet
Clal Biotech portfolio co Neon raises $106m

Neon Therapeutics is developing vaccine therapy for cancer victims.

06/12/2017 12:30 Healthcare Gali Weinreb
Shekel weakens, back above NIS $3.50/$

Prico CEO Yossi Fraiman sees the shekel strengthening against the dollar in 2018.

06/12/2017 10:43 Market Globes correspondent
Trump to recognize Jerusalem as Israel's capital

However, a senior US official said that moving the embassy could take 3-4 years and the President would continue to sign the waiver.

06/12/2017 07:09 Politics Tal Schneider
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