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Israel's Business Arena
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MTS springs surprise in TA light rail saga
MTS has accepted the government's proposal for a new franchise agreement.
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Israel-Palestinian talks to continue
Direct negotiations between Israel and the Palestinians opened today. Bi-weekly talks will continue in the Middle East.
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Cellcom sees NIS 320m sliced off net profit
The company is considering legal action over the cut in interconnect fees.
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Peace talks begin with right noises
Prime Minister Benjamin Netanyahu said in the White House that he was ready for "an historic compromise."
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Makhteshim gets permit for 120-MW power plant
Turkey's Zorlu Energy is one of the companies that will be involved in building the $200 million project.
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Only 2% of lawyers want their jobs
Israeli lawyers see their current jobs as stations on the way to somewhere else.
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Library solutions co Ex Libris in Finnish National Library deal
Ex Libris will provide a unified interface for its collections and electronic resources.
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No winner yet in Comverse land sale
Sources: Comverse will hold an auction next week, and will likely announce the winner by the end of the month.
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Top TASE share in 5770: up 621%
Leviathan partner Ratio Oil Exploration led a very strong oil and gas sector.
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Sialo advances with new dental implant
Sialo's share price rose 5.7%.
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Second Israeli pill camera co mulls IPO
CheckCap's product is at an earlier stage than those of Given Imaging.
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Teva loses Evista appeal
The company won't market a generic version of Eli Lilly's osteoporosis drug Evista.
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Elbit Systems buys Mikal subsidiaries, not Mikal
After buying all or most of three subsidiaries, Elbit Systems will sell its existing stake in Mikal.
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Allium stents implanted in first French patients
Allium develops and manufactures non-vascular peripheral stents to keep open urinary and gastrointestinal passageways.
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Kardan unit sells Russian bank stake to partner
TBIF sold part of Sovcombank for €32 million.
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Israeli car sales growth among world's fastest
Nearly 19,000 new vehicles were delivered in August, another step toward the record deliveries expected for 2010.
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IBI's Ayalet Nir sees interest rate hike for October
IBI's chief economist expects the CPI to rise by 0.3% in August.
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Pit deepens for Scorpio
Beny Steinmetz's real estate firm reported a shareholders' equity deficit of NIS 361 million
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Communications minister slams mobile phone cos as he cuts rates
Moshe Kahlon cut the interconnect fee 73% to to NIS 0.068 per minute, effective January 1.
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YouTube launches Hebrew interface
YouTube's popularity has greatly grown in recent months, surpassing Hebrew news site ynet and portal Walla!
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Workers reject First Int'l Bank bonus offer
The multiyear offer does not specify the amount for 2010.
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AFI Development secures Russian bank funding
The loan will finance completion of Phase III of the Ozerkovskaya Embankment project.
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Makhteshim drops US co acquisition bid
Missouri-based Albaugh is the world's largest private agrochemicals producer.
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Shekel strength continues
Asian stock markets are trading higher today, following yesterday's big jumps on Wall Street.
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Fischer: Real peace will boost economy 5-6%
The Governor of the Bank of Israel was addressing the governing board of the World Jewish Congress in Jerusalem.
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Regulator: Electricity rates "scapegoat" for IEC
Public Utilities Authority: We call on the company to come and to show us with numbers where there are mistakes in the rates.
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Gov't claims solar energy tariffs follow global norm
The state was responding to a request for a class action on green energy subsidies.
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Housing Ministry markets land for another 3,000 homes
An especially large amount of land will be marketed in the Southern District, which the Housing Ministry says "has recently seen especially heavy demand".
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GPS cos add traffic camera locators
The traffic enforcement cameras are undetectable by current radar detectors.
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Gov't nixes delay of new mobile co tender
Communications Minister Moshe Kahlon: The tender will be published on September 15.
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Polar Investments claims Holyland sales continue
The company posted a net loss due to a write-off on the project's inventory of unbuilt apartments and land.
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August was top month this year for mutual funds
Assets managed by mutual funds hit a record NIS 150 billion.
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Online foreign markets trading resumes after glitch
Shinhav provides banks and investment houses a foreign securities trading platform.
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HOT completes new Internet network ahead of time
The ultrafast Internet (UFI) network is based on an upgrade by Cisco Systems.
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FMS armor kits don't protect against weak euro
FMS: In order to strengthen business and increase sales, we're considering either setting up a factory in Europe, or acquiring a company.
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Internet ads improve Ma'ariv results
The media and publishing company cut its net loss by 15%.
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Emblaze in talks to sell Formula stake
The buyer is apparently Asseco of Poland. It is unclear whether Emblaze founder Eli Reifman will benefit from the deal.
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Mazor wins FDA nod for combined surgical systems
The firm will begin marketing the navigation and imaging system in early 2011.
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Shekel strengthens against dollar, euro
Foreign currency trading comes after a string of macroeconomic figures released yesterday, both locally and overseas.
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Consumer confidence rises after four month drop
July's survey began to show signs of optimism, August's seems to confirm it.
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Zim bondholders taken for a boat ride
Zim invited bondholders to a tour of its new ship for lunch and to meet executives in two weeks.
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Hadasit Bio Holdings raises NIS 11.5m in TASE offering
In the second quarter of 2010, Hadasit recorded its first ever significant profit of NIS 13 million due to capital raised by portfolio company ProtAb.
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ECI spin-off Celtro raises $2.7m
The company develops switching solutions for mobile carriers.
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Israel Corp execs given more options
"The purpose of granting the options is to incentivize the continued long-term employment of talented and skilled managers at the company."
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Osem profit boosted by Materna acquisition
Net profit rose 18.5% and revenue was up 10% from the corresponding quarter.
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IEC to raise NIS 1b more in debt
The offering is part of a previously approved debt offering of NIS 4 billion through 2011, while it must repay NIS 5.5 billion.
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Tel Aviv's Basel Leonardo Hotel to get residences
Fattal Hotel Management's new plan will give the building six floors and partial rooftop floor.
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IDB Q2 profit down 90% to NIS 50m
IDB Tourism lost NIS 36.7 million in the first half.
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RedHill Biopharma raises $3.5m ahead of IPO
RedHill has signed a co-development and commercialization agreement for IntelGenx' first oral thin film anti-migraine product.
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Arkia offers $99 one-way fares to Paris, Amsterdam
A limited number of return reservations can also be booked at $99, luggage not included.
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