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21 June 2018

Volkswagen Volkswagen CEO visits Israel

Dr. Herbert Diess met Benjamin Netanyahu, visited Yad Vashem and discussed the development of robotaxis with Gett CEO David Waiser.

21/06/2018 18:05 Economy Globes correspondent
El Al CEO Gonen Usishkin Photo: Sivan Faraj El Al CEO demands "dramatic improvement in punctuality"

Gonen Usishkin has told employees: This month, we were in 34th place among 42 airlines. This is not the place we want and need to be.

Eyal Waldman,, Bashar al-Masri and Naama Sikuler Photo: Eyal Izhar Mellanox CEO: We employ hundreds of Palestinians

Eyal Waldman and Bashar al-Masri told the Globes Capital Market Conference that business can be the bridge between Israelis and Palestinians.

21/06/2018 15:55 Politics Aviv Levy
Elbit Systems Elbit Systems wins European electronic warfare deal

The $17 million contract for advanced ground-based Electronic Warfare (EW) and Signal Intelligence (SIGINT) systems will be performed over two years.

ERM Advanced Telematics Photo: Noy Einav ERM completes vehicle anti-ransomware solution

ERM Advanced Telematics eCyber can be installed cars during the manufacturing process or in the aftermarket stage.

21/06/2018 14:03 Start ups Globes correspondent
Allen Baharaff Photo: Eyal Izhar Fatty liver drug developer Galmed raises $75m on Nasdaq

The company took advantage of a boom in its share price following a successful Phase IIb trial.

21/06/2018 13:11 Healthcare Gali Weinreb
Shekel-dollar ASAP Creative Shekel continues gains despite stronger dollar worldwide

With Israel's strong macroeconomic indicators, the dollar was never going to be able to push the shekel above the NIS 3.60-3.65/$ range, market sources in Tel Aviv believe.

21/06/2018 12:44 Market Globes correspondent
Chen and Tzahi Neuman  photo: Inbal Marmari Altshuler Shaham joins objectors to Neuman bros buying Bezeq

Investment house Altshuler Shaham has an 11% stake in Internet Gold, which controls Bezeq through B Communications.

20 June 2018

Ban on filming soldiers bill passes preliminary Knesset reading

Minister of Regional Cooperation Tzachi Hanegbi is concerned that the bill harms freedom of expression.

20/06/2018 21:15 Politics Tal Schneider
Fattal: Hotels in Israel are more expensive, like everything

Hotelier David Fattal told the Globes Capital Market Conference that everything in Israel is more expensive and everything in Europe is easier to accomplish.

JVP increases 8th VC fund to $200m

Jerusalem Venture Partners has already raised $168 million, according to papers filed with the US Securities and Exchange Commission.

20/06/2018 17:45 Start ups Tal Shahaf
Japan's Daiso to open 3 stores in Israel next month

500-square meters stores will be opened in Ashdod, Ra'anana, and Rishon Lezion.

20/06/2018 17:15 Retailing Shany Moses
WalkMe buys Israeli machine learning co DeepUI

This is the Israeli website navigation company's third acquisition.

Hogeg buys Kfar Shmaryahu land with bitcoin

NIS 10 million of the NIS 70 million that Israeli entrepreneur Moshe Hogeg paid Ilan Ben-Dov was in bitcoin.

Abramovich helps sick Israeli children attend World Cup

68 Israelis including carers have been flown to Russia by the charity Fulfilling Dreams, following a six figure donation from Roman Abramovich.

20/06/2018 13:56 Economy Globes correspondent
Shekel stronger as trade jitters ease

With annual inflation at 0.8%, near the government target of 1%-3%, there is growing confidence that the Bank of Israel will be able to raise rates in the final quarter of the year.

20/06/2018 12:31 Market Globes correspondent
10,000 new homes planned for Nahariya

The plan envisions increasing the population of Nahariya by 50%.

20/06/2018 11:49 Real estate Ori Chudy
Elsztain sells 16.5% Shufersal stake

After the sale, Discount Investment Corporation, saw its stake in Shufersal cut from 50.1% to 33.6%, leaving the supermarket chain without a controlling shareholder.

20/06/2018 10:52 Retailing Omri Cohen
El Al and Israir cancel merger deal

The two airlines have dropped their appeal to the Israel Antitrust Authority, which ruled that the merger would harm competition.

20/06/2018 10:14 Tourism Michal Raz-Chaimovich
Mellanox and Starboard reach agreement on board makeup

Starboard, which has a 10.5% stake in the Israeli big-data connectivity company, will appoint two directors.

20/06/2018 08:02 IT Globes correspondent
Israeli educational games co TinyTap raises $5m

The funding will be used to launch learning plans in Mandarin, Arabic, and Spanish as well as to promote the company's partnership with Oxford University Press to start a learning plan for English language learners.

20/06/2018 07:40 Start ups Yasmin Yablonko
Caesarea Foundation to pay NIS 800m to higher education

The Ministry of Finance and the Rothschild Caesarea Foundation have reached agreement on the financial disputes between them.

19 June 2018

Moshe Hogeg buys Kfar Shmariyahu land for $19m

The high-tech entrepreneur and venture capitalist will build a home with a swimming pool but has not yet filed for a building permit.

19/06/2018 18:43 Real estate Shlomit Tsur
Israel Growth Partners closes $230m second VC fund

IGP will make $15-30 million investments in mature Israeli startups.

PainReform to conduct Phase III trials for pain reliever

The Israeli company is seeking to raise $15 million to fund the trials.

19/06/2018 18:01 Healthcare Gali Weinreb
Environmentalists oppose keeping Sde Dov airport open

The Tel Aviv mayor wants to reduce the number of planned housing units on the site from 16,000 to 8,000 and keep the airport operating.

19/06/2018 16:34 Real estate Ori Chudy
Teddy Sagi in talks to buy Sakal duty free

The market attributes Sagi's interest to his European ecommerce business.

19/06/2018 15:21 Retailing Shany Moses
Q1 housing starts plunge to lowest since 2012

Housing starts fell 14.6% in the first quarter of 2018 from the fourth quarter of 2017 and 34% from the first quarter of 2017, the Central Bureau of Statistics reports.

19/06/2018 15:14 Real estate Ori Chudy
Autonomous car nano-optics co TriEye raises $3m

The Israeli company has developed SWIR sensors to provide autonomous cars heightened visual capabilities in restricted visual conditions at significantly reduced cost.

19/06/2018 15:05 Start ups Dubi Ben-Gedalyahu
Generation Capital raises NIS 230m infrastructure fund

The fund is planning to raise more capital through a share offering on the Tel Aviv Stock Exchange (TASE)

19/06/2018 14:24 Real estate Kobi Yeshayahou
Israeli AI data privacy co Prifender raises $5m

Prifender has created a fully automated, enterprise-ready data privacy platform that discovers and maps personal information across all networks.

Shekel pushed further back against dollar

The widening interest rate gap between the shekel and the dollar is weighing on the Israeli currency.

19/06/2018 12:53 Market Globes correspondent
Israeli ASX-listed co HearMeOut halts activity

The company, which developed a voice-based social platform, is laying off all its employees in Israel.

19/06/2018 11:35 IT Shiri Habib-Valdhorn
US Senate approves $500m for Israel's missile defense program

The amount is in accordance with the MOU between the US and Israel governing military aid for ten years from 2019.

18 June 2018

Former Israeli minister indicted for spying for Iran

Gonen Segev is suspected of giving information about defense sites in Israel to his Iranian handlers.

Wizz Air to launch Eilat-London flights

The low-cost Hungarian carrier will operate twice weekly flights on Sundays and Wednesdays.

18/06/2018 16:41 Tourism Globes correspondent
Foreign Ministry move threatens Israeli airlines' winter schedule

The ministry is refusing to continue employing flight security personnel overseas after this year.

18/06/2018 12:59 Tourism Michal Raz-Chaimovich
Mellanox, Starboard close to compromise - report

Reuters says that Israeli chip company Mellanox and activist fund Starboard Value are near agreement on the composition of Mellanox's board.

18/06/2018 11:12 IT Shiri Habib-Valdhorn

17 June 2018

Dudu Mizrahi returns to Bezeq as CEO

Mizrahi, then CFO, left Bezeq in 2016 in protest at transactions with companies belonging to controlling shareholder Shaul Elovitch.

17/06/2018 18:28 Market Gad Perez
Negative trial result hardly dents Teva share price

Teva announced that it was discontinuing a trial of  fremanezumab for chronic cluster headache.

17/06/2018 17:53 Healthcare Shiri Habib-Valdhorn
Israel's CPI up 0.5% in May

Trend figures for February-May 2018 show an annual rate of inflation of 1.5%.

17/06/2018 14:19 Economy Globes correspondent
El Al flight disruptions continue over weekend

The rescheduling of flights follows on from a spate of cancellations in the past two weeks.

17/06/2018 11:00 Tourism Michal Raz-Chaimovich

14 June 2018

El Al flight cancellations multiply

El Al's explanation for the cancellation of this morning's flight to Boston was "operations reasons". Is the summer peak schedule at risk?

14/06/2018 18:12 Tourism Michal Raz-Chaimovich
Shekel continues weakening after US rate hike

The US Federal Reserve put the rate up 0.25% and chairman Jerome Powell said there will be two more hikes this year.

Motorcycle 360° vision co Ride Vision raises $2.5m

The Herzliya-based startup has developed collision aversion technology bringing unprecedented protection and control for motorcycle riders.

14/06/2018 14:32 Start ups Globes correspondent
Together wins Canadian cannabis deal worth at least $75m

The agreement could generate as much as $150 million in annual revenue for the Israeli company.

14/06/2018 14:31 Healthcare Gali Weinreb
Egged to lay off 3,100 as part of subsidy deal

By 2030, all Israeli bus routes will be put up for tenders, which Egged will have to bid for against its rivals.

Israel's Zimperium buys US co Mi3 Security

Zimperium has broadened its portfolio of mobile device security solutions by acquiring Mi3 Security's machine learning based application security.

Marriott to open 121-room Jaffa hotel in July

The Jaffa - a Luxury Collection Hotel will be housed in a renovated 19th century building and new contemporary building.

Sugat hikes rice prices by up to 30%

The commodities company says that the hike follows a crisis on the rice markets in Thailand and India.

14/06/2018 07:46 Retailing Globes correspondent

13 June 2018

Azrieli negotiating for first Apple store in Israel

Apple has two official importers in Israel, but no retail store.

Naty Saidoff buys Shari Arison's stake in Shikun & Binui

Saidoff is paying NIS 1.1 billion for the 47% holding in the real estate and infrastructure company.

13/06/2018 19:34 Real estate Kobi Yeshayahou
LR Group to open shared biotech workspace in Jerusalem

Facilities will also open in Petah Tikva and Haifa in a unique model that combines incubator, co-working space and access to hospital infrastructures.

13/06/2018 14:23 Healthcare Gali Weinreb
Elbit unit Beyeonics Surgical raises $11.5m

Beyeonics Augmented/Virtual Reality vision capabilities replace surgical microscopes and allow real-time integration of an unlimited amount of data.

Clal Beverages Jafora TASE flotation oversubscribed

The offering was at a company value of NIS 1.65 billion for Jafora, Israel's second largest soft drink company.

13/06/2018 11:50 Market Aviv Levy
Shekel weaker ahead of expected US rate hike

The US Federal Reserve is expected to raise the interest rate by a quarter point to the 1.75%-2% range, the highest since 2008.

13/06/2018 11:33 Market Globes correspondent
Channel 10 and Reshet sign merger agreement

It is uncertain whether the Israel Antitrust Authority will approve the merger even though all the country's three commercial TV stations are losing large amounts.

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