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23 February 2018

Sinai gas pipeline Egypt: We've an understanding on $1.8b IEC compensation

Egyptian Prime Minister Sherif Ismail said an understanding has been reached over the compensation owed Israel Electric Corp., "Bloomberg" reports.

23/02/2018 11:09 Politics Sonia Gorodeisky

22 February 2018

Four more arrested in Shikun & Binui Kenya bribery affair

Those detained today include former Shikun & Binui CEO Ofer Kotler.

22/02/2018 20:17 Legal Chen Ma'anit
Flug slams Israel's poor education, low productivity

Governor of the Bank of Israel Karnit Flug said inclusive growth was the best way of narrowing gaps in Israeli society.

22/02/2018 16:48 Economy Amiram Barkat
Israel Chemicals signs Tamar, Leviathan gas deals

The agreement is a backup in case Energean does not supply gas on the agreed timetable.

Cellcom defies Netflix on refund offer

Cellcom is offering a NIS 30 credit for purchasing Netflix's content services even though Netflix says only Partner can market its services.

22/02/2018 13:04 Market Gad Perez
IVC: China minor player in Israeli high-tech

IVC data found that China makes limited investments in Israel, and mainly for strategic purposes.

Shekel gains continue

Even the growing political uncertainty, as the prime minister is beset by police investigations, is not curbing investor appetite for the Israeli currency.

22/02/2018 10:57 Market Globes correspondent
Mellanox jumps on raised guidance

Mellanox now sees revenue of $240-250 million in the first quarter, up from its previous estimate of $222-232 million.

22/02/2018 10:04 IT Shiri Habib-Valdhorn
India places IAI, Rafael on restricted procurements list

"Defense News" reports these companies can sign deals supporting operational urgency, national security or lack of alternatives leaving Rafael's missile deal unclear.

Japan's NTT invests $3m in personal car data co Otonomo

The Israeli company has developed a connected car system to share vehicle data and sell it to insurance companies, retailers and more.

TV to smartphone audio co Tunity raises $12m

The Israeli company has developed an app that streams live audio from muted TVs to the users' smartphone.

Tamar Petroleum raising NIS 2.2b more on TASE

Midroog gave the company's Series B bonds the same rating as its Series A bonds - A1.

22/02/2018 06:29 Energy Omri Cohen

21 February 2018

Israel lags world on electric vehicles - report

A Knesset study found that Israel's adoption of electric vehicles is very slow.

Cyprus set to sign Egypt gas export deal - report

Cyprus is close to signing a an agreement to export gas from the Aphrodite gas reservoir, partly owned by Delek, to Egypt, "Bloomberg" reports.

21/02/2018 17:58 Energy Sonia Gorodeisky
Bank Leumi values Leumi Card at NIS 2b

Bank Leumi is gearing up to sell Leumi Card following relative clarifications of the regulatory conditions

21/02/2018 16:49 Financial services Irit Avissar
Egyptian president: $15b Israel gas deal is "scoring a goal"

President Abdel-Fatah el-Sissi said that the deal promotes the vision of transforming Egypt into a regional energy hub.

21/02/2018 16:42 Energy Sonia Gorodeisky
Israeli urban mobility co Moovit raises $50m

Intel Capital led the financing round and Prof. Amnon Shashua will join the board as the Tel Aviv based company teams with Mobileye.

21/02/2018 14:59 Start ups Yasmin Yablonko
Teva's troubles reflected in high bond yields

Leader Capital Market: There is great uncertainty about Teva's future growth potential.

21/02/2018 14:46 Healthcare Shiri Habib-Valdhorn
Intel execs present $5b Israel investment plan

Minister of Economy and Industry Eli Cohen was presented a plan to expand the Kiryat Gat plant between 2018 and 2020.

21/02/2018 12:07 IT Yuval Azulai
Jerusalem - Tel Aviv railway opening delayed six months

The line had been scheduled to open March 30 but Israel Railways says it will not receive the required regulatory approvals in time.

Arison cancels deal to sell half her Hapoalim stake

Arison had signed a non-binding agreement in September to sell half of its 20% stake to three North American investors.

Israel to issue 20,000 more work permits to Palestinians

The number of permits for Palestinian workers has now been raised to 100,000.

21/02/2018 07:08 Economy Dan Zaken
Shlomo Filber signs state's witness agreement

The Ministry of Communications director general is a close confidant of Benjamin Netanyahu and his testimony could incriminate the prime minister in the Bezeq affair.

21/02/2018 07:07 Legal Ela Levi-Weinrib

20 February 2018

Netanyahu aide allegedly tried to bribe judge

Nir Hefetz is suspected of offering to make Hila Gerstl attorney general in exchange for dropping the case against Sara Netanyahu.

Gazit-Globe buys lot for Tel Aviv shopping center

The Israeli company has paid NIS 105 million for the lot in the Kochav Hatzafon neighborhood in north Tel Aviv.

20/02/2018 16:13 Real estate Shlomit Tsur
Merck sets up €20m fund for Israeli biotech cos

The German pharmaceutical company is cooperating with Arkin Bio Ventures, Pontifax Fund, and WuXi Apptec.

20/02/2018 14:54 Healthcare Gali Weinreb
Vaica reminds patients to take medicine

The Israeli company adapts its reminders to the patient's age and the type of medicine.

20/02/2018 13:55 Healthcare Gali Weinreb
Shekel bounces back strongly

Prico: Three attempts by the Bank of Israel to push the exchange rate into the NIS 3.55-3.65/$ zone have failed.

20/02/2018 12:25 Market Globes correspondent
Mobileye founders co OrCam valued at over $1b

OrCam, which has developed a wearable aid for people with impaired vision, raised $30.4 million in a round led by Clal Insurance and Meitav Dash Provident Funds and Pension Ltd.

20/02/2018 11:20 Healthcare Globes correspondent
Shaul and Iris Elovitch, Netanyahu aide, among Case 4000 suspects

"The evidence in the new affair of Walla! and the Ministry of Communications is very strong," a source close to the investigation told "Globes".

19 February 2018

Azorim to build 1,500 Tel Aviv homes

The owners of the land in Kfar Shalem, currently occupied by squatters, will be partners in the combination deal.

19/02/2018 19:30 Real estate Shlomit Tsur
Colonoscopy device co Motus GI raises $17.5m on Nasdaq

Tirat Hacarmel based Motus GI has developed Pure-Vu for cleaning the colon in advance of a colonoscopy.

Israeli household debt low by developed world standards

Israelis have used their higher wages to pay for the increase in private consumption.

19/02/2018 17:10 Economy Amiram Barkat
Paris Vivatech show expects strong Israeli presence

Maurice Levy: Vivatech has an ongoing love story with Israel. This year's show will also feature a focus on Africa.

19/02/2018 15:59 IT Brett Kline, Paris
Energean plans $500m London IPO for Israel gas fields

Energean is also considering dual listing on the Tel Aviv Stock Exchange.

19/02/2018 14:54 Energy Sonia Gorodeisky
Delek, Noble sign $15b gas deal with Egyptian co

The energy companies have signed binding agreements to provide 64 BCM of gas to Egypt's Dolphinus Holdings.

Cybersecurity co Morphisec raises $12m

Beersheva-based Morphisec specializes in Moving Target Defense.

19/02/2018 14:00 Start ups Globes correspondent
Arrow 3 missile scores space test success

An advanced version of the Israeli interceptor missile hit a simulated target outside the atmosphere.

Court extends remand of Bezeq execs

Prime Minister Benjamin Netanyahu: This case too is a media balloon that will burst.

18 February 2018

Experts: Jerusalem-Tel Aviv railway not safe to operate

Engineers and safety experts have told "Globes" that if the trains start operating next month, there is liable to be a disaster.

Intel to invest $4.5b in Israel in 2018

Sources inform "Globes" that Intel will receive 20%-30% of the investment in Israeli government grants.

Golf online fashion unit Adika plans TASE IPO

Golf acquired Adika in January 2015 in an estimated NIS 40 million deal.

Apartments sold and rented

A selection of recent real estate deals in Israel including in Herzliya, Ramat Gan, Givatayim, Kfar Saba, Ness Ziona and Netanya.

18/02/2018 16:45 Real estate Ori Chudy
IKEA Beersheva branch begins operations

IKEA's fourth branch in Israel opens to the public next week. IKEA expects 800,000 people to visit the store and buy over three million items in 2018.

Neurovascular device co Perflow Medical raises $12m

Stream Net is a thrombectomy device designed to address unmet clinical needs in the treatment of acute ischemic stroke.

BoI to permit investment funds to buy credit card cos

Final criteria for acquiring the companies have been published.

Nano Dimension raises $12m

The company's share price plummeted 30% on Nasdaq and 17% on the TASE.

18/02/2018 14:37 IT Shiri Habib-Valdhorn
Sagi selling Brack stake for NIS 1.4b


Adler Real State is aiming at a 70% controlling interest in Brack Capital Properties, while Teddy Sagi will make NIS 300 million in his investment from last May.

18/02/2018 12:57 Real estate Omri Cohen
Egyptian court rules gas cos must pay EMG $1.033b

EMG co-owner Josef Maiman filed the lawsuit as a Polish citizen.

18/02/2018 12:19 Politics Globes correspondent
"Plan exists for $4-5b Intel investment in Israel"

The investment target is probably an upgrade of the Intel Kiryat Gat fab to 7-nanometer technology.

Police, ISA arrest senior Bezeq execs

The lawyer for suspended Communications Ministry director general Shlomo Filber has confirmed that he is also among those detained today.

18/02/2018 10:12 Legal Globes correspondent

16 February 2018

Cramer shocked by Buffett's investment in "second-rate" Teva

Financial pundit Jim Cramer told CNBC that "It is amazing that Warren Buffett goes for what I largely regard as the worst of the worst."

16/02/2018 15:51 Healthcare Simon Griver
Kahlon: Intel will shortly invest billions in Israel

Intel says no large project is currently planned. Minister of Finance Moshe Kahlon was speaking at the Ecosystem Haifa conference.

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