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19 April 2018

Outerspace Photo: Shutterstock Stratasys to provide 3D printed parts for Orion spacecraft

NASA's EM-2 mission taking astronauts beyond the moon will use thermoplastic parts printed by the Israeli company in collaboration with Lockheed Martin and PADT.

18 April 2018

Intel CEO attends Israel's 70th anniversary celebrations

Brian Krzanich will witness a special display by Intel's 300 Shooting Star drones at the official Independence Day ceremony in Jerusalem.

18/04/2018 11:22 Economy Globes correspondent
Fitch reaffirms Israel's A+ rating, warns on tax cuts

Fitch also warned against increasing the budget deficit.

18/04/2018 08:29 Economy Amiram Barkat

17 April 2018

Xfone We4G life-long plan tempts 6,000 subscribers in first week

Most of the subscribers - 4,000 switched from other companies - bought the NIS 29 life-long plan with 40 gigabytes.

Mellanox beats forecast as revenue jumps 30%, profit soars

Mellanox CEO: Our record first quarter financial performance is the result of the successful execution of our growth strategy.

17/04/2018 18:39 IT Globes correspondent
Ruth Ofer asking NIS 15m for Ramat Gan penthouse

The 450-meter duplex is on the 38th floor of the City Tower hotel building.

17/04/2018 18:17 Real estate Ori Chudy
IMF sees 3.3% Israel growth in 2018

The International Monetary Fund also predicts that growth in the Israeli economy will rise to 3.5% in 2019 but decline in 2020.

17/04/2018 17:51 Economy Avi Temkin
Israeli legal AI co LawGeex raises $12m

The Tel Aviv-based company's platform is more accurately able to identify risks in some contracts than professional US lawyers.

17/04/2018 17:06 Start ups Nati Yefet
Application visual management co Applitools raises $31m

Applitools will use this investment to fuel market expansion of its artificial intelligence (AI) powered visual testing and monitoring solution by scaling its R&D, operations, and sales.

17/04/2018 16:00 Start ups Globes correspondent
JVP appoints Gadi Porat as Cyber Labs head

Porat joins JVP as a partner after having led Israel’s AT&T Foundry, the American multinational conglomerate’s accelerator.

17/04/2018 14:04 Start ups Globes correspondent
Fox in talks to buy 50% Shilav stake

Ronen Eldad's acquisition of Shilav from its founders was announced only a few weeks ago.

17/04/2018 13:34 Retailing Shany Moses
aMoon raises $200m for second healthtech fund

The fund, led by Marius Nacht and Dr. Yair Schindel, is planned to reach $500 million.

17/04/2018 12:54 Healthcare Gali Weinreb
Transavia to launch Eilat - Amsterdam flights

Flights beginning from November 3 cost €49 in each direction.

17/04/2018 12:22 Tourism Globes correspondent
Shekel weakens after BoI rate call

The Bank of Israel said it does not plan an interest rate hike until the end of 2018.

17/04/2018 11:51 Market Globes correspondent
Alon Group sells remaining Delek US stake to pay bondholders

Alon Group realized $200 million on the sale, after a 70% rise in Delek US's share price in the past year.

17/04/2018 11:17 Energy Omri Cohen

16 April 2018

Jerusalem - Tel Aviv railway unlikely to open in September

Spanish contractor Semi Group is struggling with Israeli bureaucracy and is yet to obtain various regulatory approvals, sources inform "Globes."

Bezeq International and Yes launching triple package

The package will include Yes's STINGTV Internet television service.

16/04/2018 18:48 Market Gad Perez
Israel Railways plans shared bicycles at stations

A pilot scheme is due to get underway shortly. The aim is to alleviate problems of access and parking at railway stations.

Google Shopping launching in Israel next month

Azrieli and Super-Pharm will be among the first companies with Google Shopping links to their websites.

US firm Manikay Partners buying 19.9% of TASE

Other international investors will buy a total of 51.8% of the Tel Aviv Stock Exchange, of which 30% will eventually be offered to the public.

16/04/2018 17:31 Market Ron Stein
Oracle CEO: We're not in Israel to save money on taxes

Speaking at Oracle Israel's offices in Petah Tikva, Safra Catz said that Israel is a target because of its innovation, not its tax benefits.

16/04/2018 16:41 IT Uri Berkovitz
BoI leaves rate unchanged, rate hike in Q4

The Bank of Israel: Inflation expectations and most forecasts for one year remain below the target.

16/04/2018 16:28 Economy Globes correspondent
OrbiMed invests $16m in Foamix Pharmaceuticals

Based in Rehovot, Foamix is focused on developing and commercializing proprietary topical foams to address unmet needs in dermatology.

Cisco invests in Israeli SaaS AI co Gong.io

Gong.io leverages artificial intelligence (AI) and machine learning to change the way salespeople conduct calls.

Histadrut: Teva ignoring potential Ashdod plant buyers

The Histadrut has demanded that Teva immediately suspend plans to close its Ashdod plant.

16/04/2018 14:38 Healthcare Shiri Habib-Valdhorn
At 70, Israel's population nears 9m

The population of Israel has grown ten-fold since the state was founded in 1948.

16/04/2018 13:51 Economy Globes correspondent
Knesset legal counsel: High Court good for Knesset

Adv. Eyal Yinon sees the government as a greater threat to the Knesset's status than the High Court of Justice.

16/04/2018 12:48 Politics Tal Schneider
Plastics compounds co Kafrit Industries in US acquisition

Kafrit Industries will pay around $36 million for the activity and assets of a company in the US.

15 April 2018

Together unit signs 50 ton Canadian medical cannabis deal

Globus Pharma has signed a MoU to sell 50 tons of medical cannabis to a Canadian company.

Housing prices fall again, March CPI up 0.3%

Home prices fell 0.2% in February after falling more steeply in the preceding months. Inflation is running at 0.2% annually, the Central Bureau of Statistics reports.

Home sales falling, investment purchases hit new low

The proportion of housing purchases by investors fell to a historic low of 13% in February.

15/04/2018 18:01 Real estate Ori Chudy
Carmit candy factory moving to Galilee

The company will receive NIS 20 million in grants and a site twice as big as its current one in Rishon Lezion.

15/04/2018 18:01 Basic industries Shany Moses
Israeli cybersecurity co empow raises $10m

empow provides the first orchestration platform that uses AI and machine learning analytics to classify threats and alerts based on intent.

Spotify reveals most popular songs streamed in Israel

More music by Israeli singer Omer Adam was streamed through Spotify than by any overseas recording artist.

Partner TV to offer Amazon Prime

Partner TV is the first TV service in Israel that can now offer the Amazon Prime Video app on its STBs, and the first OTT service in the world to support the app on Android TV.

15/04/2018 13:51 Market Globes correspondent
Bezeq appeals to Supreme Court against NIS 8.5m fine

Bezeq is seeking to avoid a ruling that it tried to prevent the wholesale landline telephony market reform.

15/04/2018 12:42 Legal Gad Perez
Gov't set to approve new aid program for periphery

Some 2.25 million residents of national priority areas will receive tax breaks worth a total of NIS 2.33 billion annually.

15/04/2018 10:02 Economy Amiram Barkat

12 April 2018

Economy Ministry demands tax breaks for Israeli high-tech cos

Minister of Economy and Industry Eli Cohen has asked the new Israel Tax Authority head Eran Yaakov to consider measures benefiting Israeli companies operating in the US market.

12/04/2018 18:26 Economy Yuval Azulai
Mellanox share price up 44% since Starboard investment

Barclays Bank analyst Joseph Wolf: We attribute the current stock performance almost squarely on the business fundamentals.

12/04/2018 17:42 IT Shiri Habib-Valdhorn
Cancer treatment co BioCanCell raises $23m

Shavit Capital, which led the round, is known for investing in companies before their share offerings.

12/04/2018 17:13 Healthcare Gali Weinrib
Azrieli, Shikun U'Binui to build Rishon Lezion waste plant

The BOT mechanical biological treatment facility is designed to treat thousands of tons of home waste per year.

12/04/2018 16:39 Environment Kobi Yeshayahou
Israeli data backup co OwnBackup raises $15.5m

The company helps customers protect critical cloud data - securing trillions of SaaS/PaaS records every day.

Playtech buys Italian betting co Snaitech for $1.05b

The deal will help Playtech establish a strong presence in Italy, a fragmented gaming market which is relatively underdeveloped online.

12/04/2018 15:22 Market Globes correspondent
China's Hainan Airlines cancels flights after missile warning

The European Organization for the Safety of Air Navigation (Eurocontrol) issued a warning yesterday about possible air attacks over Syria.

12/04/2018 14:34 Tourism Michal Raz-Chaimovich
Israeli IoT co Axonize raises $6m

Deutsche Telekom has made a significant investment due to Axonize's service provider capabilities that include cross-application orchestration and management, and very fast development times per application.

Israel urged to tax sugary soft drinks

Israel National Council on Diabetes chairperson Prof. Itamar Raz has asked the Israel Tax Authority to tax sugar-rich drinks in the fight against obesity and diabetes.

12/04/2018 13:34 Economy Shany Moses
Shekel firm despite regional tensions

Despite growing concern about the Syrian conflict spilling over into a broader international confrontation, the Israeli currency is stable today against the dollar.

12/04/2018 13:12 Market Globes correspondent
Safra to buy Hapoalim Switzerland unit

Safra will acquire Bank Hapoalim's Switzerland and Luxembourg customer assets portfolio for 20-23 million Swiss francs.

12/04/2018 11:57 Financial services Irit Avissar
India's Mahindra teams with Aeronautics on naval UAVs

The companies have entered into a partnership to offer the maritime version of the Orbiter 4 drone to the Indian Navy.

11 April 2018

Israeli cybersecurity VC fund CyberStarts raises $50m

All of the money for the new fund was raised from Israeli entrepreneurs involved in the cybersecurity sector.

11/04/2018 19:25 Start ups Shahar Smooha
Intec Pharma raises $35.4m on Nasdaq at 18% discount

The proceeds will be used for a trial of the company's accordion pill for treating Parkinson's Disease.

11/04/2018 18:30 Healthcare Gali Weinreb
Cancer drug developer Ayala Pharmaceuticals raises $17m

The funds will take the Israeli company through initial results in the first Phase II study in recurrence or metastatic Adnoid Cystic Carcinoma.

11/04/2018 17:46 Healthcare Globes correspondent
Airlines handed Eastern Mediterranean missile warning

Eurocontrol warns that ground-to-air and cruise missiles likely to be launched in the area of Syria could disrupt navigational systems.

Givot Olam oil exploration license deadline extended

Israel's Petroleum Commissioner notified the partnership that it must show proof of financing for all operations by May 14.

11/04/2018 16:21 Energy Sonia Gorodeisky
Teddy Sagi buys NIS 20m of Dexia Israel shares

Sagi bought the 3.36% stake through Norisha Holdings, a company registered in the Virgin Islands.

11/04/2018 16:15 Financial services Irit Avissar
OurCrowd achieves 20th exit

Nike's acquisition of Invertex and Uber's acquisition of Jump earlier this week brings to 20 the number of exits enjoyed by the Israeli crowdfunding platform.

11/04/2018 16:01 Start ups Globes correspondent
Karnit Flug: No room for tax cuts

Bank of Israel Governor: The structural deficit in Israel is definitely high, and I would not want to see it increase any further.

11/04/2018 15:22 Economy Amiram Barkat
Government expenditure rises, casting doubts on tax cuts

There are concerns that the macroeconomic data do not support a tax cut.

11/04/2018 12:06 Economy Amiram Barkat
Frutarom confirms acquisition interest

"There is no certainty that such talks will lead to an agreement for a deal or what the terms would be,” the flavors and fragrances company said.

11/04/2018 11:52 Market Globes correspondent
Elbit Systems buys Universal Avionics for $120m

The acquisition of the US manufacturer will enable the Israeli defense electronics company to offer end-to-end cockpit solutions.

Israeli smart oven co Genie Enterprise raises $10m

Genie Enterprise is a food technology company that develops and markets smart ovens that cook healthy, tasty and affordable meals in 2-3 minutes.

11/04/2018 07:54 Start ups Globes correspondent
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